eHacks: October 2018

Gambling industry is one of the biggest profit making industries in the world. Blockchain has the power to make gambling provably fair. Yet, there gambling platforms developed on blockchain are not very famous.

Neogame Project aims for a widespread adoption of gambling platform that is built on Blockchain.

How it is Better ?

Fully Autonomous - It is based on Ethereum Smart contract, and is autonomous with no central authorities . Github repository of the code can be found here.
No Commissions - NeoGame won't be charging any commissions, making it a very good choice for gamblers.
Scalable Jackpot - Contract will have a token that will be used for betting and will be awarded to the winner. This token TKT will be sold in crowdfunding.

The ICO

Crowdfunding (ICO) will last from 31 October 2018 to 30 November 2018. And for every Ethereum contributed, you will be awarded with 2000 TKT. Total supply of TKT is fixed to 500 million.

Soft Cap - 4000 ETH

Hard Cap - 20,000 ETH

In case project reaches hard cap before 30 November, ICO may end earlier. So, if you are interested in investing in the project, do invest before time runs out.

The team plans to buyback TKT in future to support the price of the token. Also, since TKT is an utility token, it will create a significant demand of TKT, thus decreasing the free TKT in market and thereby increasing its valuation.

However, if the ICO doesn't collect at least 4000 ETH ( which seems very unlikely ) , then you will be refunded your investment amount.

The Bounty Campaign

If you wanna earn some free TKT, you can join the Bounties offered by NEOGAME. Overall 5% of all the TKT tokens are reserved for the bounties.

Which amounts to approximately $ 2.5 million.

Bounty Campaign distribution is as follows -