Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO][NEOGAME.IO]Nonprofit lottery:no owners/commission/people involved.
by
Maison
on 14/10/2018, 16:30:45 UTC
The token will grow precisely because the lottery is cyclical and the next lottery cycle starts immediately after the end of the previous one. That is, users will immediately begin to re-participate in the lottery and will buy tokens.
Hmm .. It sounds logical. I also heard something about the redemption, at least I saw information about it, what does this mean?

As far as I understand it will be made from the fund that will be formed after the crowdsale. Thus, the prize fund will be replenished as well as this should trigger a growth rate.

So it turns out the entire amount collected during the crowdsale will be used for the redemption? right? And how long will it last?
If you believe white paper, the redemption will begin a month before the first drawing, and will continue until all the targeted funds are fully spent. All funds collected during tokensale will be directed to this, except target amounts for development and promotion.