Neoplay ICO

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Neoplay

Neoplay is the world’s first decentralized blockchain based dicing platform that is based on NEO and Ethereum.

Details

ICO Name Neoplay
Description Neoplay is the world’s first decentralized blockchain based dicing platform that is based on NEO and Ethereum.
Website URL https://www.neoplay-crowdsale.io/
White Paper URL http://neoplay-whitepaper.io/NeoplayWhitepaper.pdf
ICO Launch 2018/05/05 05:00
ICO Closing 2018/06/05 05:00
Token Platform ETH (ERC20)
Coin Price 1ETH= 10 NEO

What is Neoplay

Neoplay is the world’s first decentralized blockchain based dicing platform that is based on NEO and Ethereum. The platform enables users to bet using a 100 sided dice roll. Users of the platform will have the choice to place bets either in GAS – NEO dividend or ETH- Ether and decide the pattern of their winnings subsequently. Through the platform’s sister ETH and NEO smart contracts, users can reroll the dice. Users can also spend utility tokens of Neoplay to reroll the bets they lose against the house, keeping their winnings odd unchanged. Those users who have enough holdings of native tokens in form of smart contracts are likely won’t lose ever.

Concept

Neoplay is blockchain based decentralized provably-fair dicing platform that enables its users to place bets using a dice having 100 sides. It is the world’s first decentralized betting platform. It allows users to place bets either in NEO or ETH. Users can also choose the odds of their winning at Neoplay. At Neoplay, users have the option to reroll their losing bets and the payout will stay the same. The platform is based on both ethereum and Neo tokens. Those users having enough holding of their respective smart contracts are likely to lose never.

How Does Neoplay Work?

As mentioned earlier, it’s a dicing platform based on ethereum and NEO. The platform has a unique feature to offer that it allows its users to reroll their losing bets. Let us make it simpler. Consider a player who rolls the dice and loses, traditionally he/she won’t have the second chance to reroll the dice against the same payout but this is possible at Neoplay. Players losing their bets in the first go can reroll the dice again provided that they have a positive EPLAY or NPLAY balance. On winning the reroll users can have their winnings credited to their wallets immediately.

Earn Neoplay Tokens

Neoplay will be offering two tokens namely Nplay and Eplay to the public during the crowd sale of the ICO. Those who wish to earn Neoplay tokens need to get themselves registered on the platform. Investors can also earn Neoplay tokens from supported exchanges across the globe in exchange for other digital currencies.

Buy Neoplay Tokens

Since the platform is based on both ETH and NEO tokens, therefore people wishing to buy Neoplay tokens need to have an e-wallet in order to store them in it. The platform also requires you to send ethereum to the platform to buy Neoplay tokens. People can also send NEO tokens to buy Neoplay tokens. Investors may also consider buying Neoplay tokens from people willing to sell them after the ICO ends.

The ICO Distribution

The ICO plans to hold its tokens sale on May 5, 2018. It is expected that the ICO will last for about a month. The ICO will end on June 5, 2018. The ICO will be offering two tokens including Nplay and Eplay from the same platform during the crowd sale. There will be a total supply of 100,000,000 tokens for both Eplay and Nplay tokens. The ICO plans to offer an equal percentage of both tokens to the public. The ICOa has not shared any information concerning the soft capping or hard capping for both tokens. The starting price of the token is expected to be 1ETH= 10 NEO.

Tokens Distribution

The ICO plans to distribute its tokens under the following proportion;

  • 10% tokens are planned to be distributed to the founders of the ICO
  • 5% tokens are planned to be distributed to the reserve funds of the ICO
  • 85% tokens are planned to be distributed to the public during the pre-sale and crowd sale of the ICO

Funds Allocation

The ICO has not shared any details concerning the allocation of its funds generated through the ICO, however, we can only guess that the ICO will allocate its funds between following departments

  • Some percentage of the funds might get allocated to the research and development team of the ICO
  • Some percentage of the funds might get allocated to the founding team of the ICO
  • Some percentage of the funds might get allocated to the reserve funds of the ICO
  • Some percentage of the funds might get allocated to meet administrative expenses of the ICO

Bonus Offers

The ICO also plans to offer bonuses to its early contributors.

  • 50% bonus will be available for people buying ICO tokens on the first day
  • 40% bonus will be available for people buying ICO tokens in the first week of the launch of the ICO
  • 25% bonus will be available for people buying ICO tokens in the second week of the launch of the ICO
  • 15% bonus will be available for people buying ICO tokens in the third week after the ICO is launched
  • 05% bonus will be available for people buying ICO tokens in the fourth week of the launch of the ICO

Team Members

The ICO kept the information concerning its core team confidential. This is something unusual for the ICO.

Invest In Neoplay

After a careful review of the ICO, we hereby conclude that Neoplay is the world’s first decentralized platform that aims to bring revolution to the world of dicing by incorporating blockchain and smart contracts. However, unfortunately, we are not convinced that the ICO will be successful. The ICO has many important bits missing from its official page such as information concerning soft or hard capping of the ICO or any clue about the core team of the ICO. We, therefore suggest people invest in Neoplay only after conducting a thorough research on the ICO.

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