ICO Today Magazine News
Neoplay is a decentralized, provably-fair, cross-network dicing platform that enables users to place bets on the result of a random 100-sided dice roll. Users will have the ability to place bets in Ether (ETH) or GAS (NEO dividend) and subsequently choose their odds of winning. The Neoplay protocol enables players to reroll through the sister NEO and Ethereum smartcontracts. Players will have the option to spend Neoplay’s native tokens [EPLAY & NPLAY] to reroll their losing bets against the house while the user’s odds of winning and payout remain unchanged. Users holding enough of the respective smart-contracts native token, NPLAY for NEO and EPLAY for Ethereum, can effectively never lose. Assume a player rolls and loses, if the player has a positive NPLAY or EPLAY balance they will be prompted to reroll. In the event that the player wins the reroll, they will be credited their winnings immediately. In the event that the player loses the reroll they will be prompted to reroll again. The reroll cost will be a function of the initial amount bet and the expected payout of the bet. A player without Neoplay’s native tokens can still bet in either ETH or GAS but will be objectively handicapped counter to a player who owns and utilizes the tokens. Neoplay will immediately burn every token used to reroll losing bets the moment the reroll mechanic is invoked by the user. Burning tokens will result in a permanent decrease in the total available supply of tokens.