The For-profit Model of Gambling


Start: 2018-10-31 | End: 2018-11-30

Neogame is a blockchain platform to bring revolution in the gambling industry. Neogame is kick-starting this process and it strongly believes all gambling will shift to a non-profit model in the future. Since blockchain was invented, people can play with each other directly, with no organizers and intermediaries. There is no longer any reason to play lotteries and other games that serve somebody else's interests. This project makes the lottery non-profit and autonomous, capable of continuous operation and achieving full transparency via Ethereum blockchain. It will allocate all funds down to the last penny, by using a clear algorithm which is written into the lottery's smart contract. It will be issuing the ERC-20 tokens (TKT). This token will be used for both lottery tickets and prize fund currency. The project team does not claim any ownership rights over Neogame. After the project is launched, the lottery will belong to the public: lottery players' and token holders' community. However, nobody will have ownership rights over Neogame as well as nobody can affect the game. Gambling addiction and problem gambling is a worldwide social issue, and this project is designed to fight against irresponsible gambling. When the world gambling market converts to a nonprofit model, nobody will chase up gambling addicts anymore.



Hakaru Daiji

So in the Gambling industry introducing the blockchain technology is a good idea I guess but depends upon the specific market they are targeting. The good thing is that this platform is completely decentralized. The fully autonomous feature of it is really interesting and very effective. Also, the good thing is that this platform is working from the social aspect of it too, so adding value to the CSR part of it which is a very strong point. The token supply strategy looks good and it will be effective. The website is really good there is a lot of relevant information available on it. A strange thing is that there is no information available about the team.

Rated on 2018-10-12

ICO Milestones

Q1 2019

TKT Buyback. Launch.

Q4 2018

Crowdsale. DApp release. Ad campaign.

Q3 2018

Smart contract.

Q2 2018