TOMBOLA - Standard of blockchain based gambling

TOMBOLA is a reliable lottery platform that draws on a blockchain basis. Users can purchase tickets through cryptocurrency and proceed with the game, and the prizes are automatically distributed according to the winnings. One will be able to freely use the value obtained through purchase or winning by using various game services and distribution system, which provides users with an opportunity to increase their value.

Transparency in the use of funds

As for the existing state lotteries, on average, only 50% of the funds are distributed to the winners, and the remaining amount is not fully explained about its use, lacking in transparency. There are some companies that wrote about its approximate ratio of use of the remaining funds, but in reality, many lottery operators are wasting the funds on their excessive or unnecessary operating expenses, and they are paying a lot of taxes, too. They do not disclose detailed amounts and proof of expenditure to users who purchased the actual lottery tickets, either.

Potential of blockchain based game industry

The global game industry is expected to grow 12.4 percent from 168.81 billion dollars in 2017 to 189.86 billion dollars in 2018, of which the gambling category is expected to be around 51.96 billion dollars. In particular, as the entry barriers to online gambling have been lowered due to the advent of the cryptocurrency, the potential for future growth is expected to be exponential, with the growth rate of past market sizes becoming worthless.

The existing block chain Gambling service “BitSler” started with the opening of the service called “DICE”, “ROULETTE”, “MULTSALELOLOR” and “CARAZ” in February 2015. Since the opening of the service, the accumulated number of bets has reached about 25 billion times and total amount of betting amounts to approximately $ 23 billion. (Estimate based on FortuneJack betting amount) The block chain casino service “FortuneJack”, which was launched in November 2014, provide games such as Dice, Slot, Blackjack, and Bacara in dozens of versions. The accumulated number of bets since the opening of the service amounted to about 8.9 billion times, which is about 8.2 billion dollars when converted into the accumulated bet amount. (1 BTC = 9400 USD x 870000 BTC until May 10, 2018) Another service, “ Primedice, “ started the service opening in February 2013, accumulated bets of 22.2 billion times and accumulated bet amount of $ 20.4 billion. (Estimate based on Fortunejack deposits).

Specific uses by distribution

 Prizes: Prizes are awarded according to the winner’s assigned amount.

 Operating expenses: Marketing costs, strategic partnership costs, licensing costs,

     legal settlement costs, Lotto/Black and White Bank

 Dividends: Tombola Token dividends

 Fees: labor and various maintenance costs

 Charities: Donation to charities

TOMBOLA Influence

In a blockchain, a ‘block’ is a ledger where personal data and personal transaction (P2P) data are recorded. After these blocks are formed, they have a structure of ‘chain’ sequentially connected over time. Every user has a transaction history, so when verifying transaction details, you should check and verify the ledgers held by all users. For this reason, the blockchain is also referred to as a“public transaction ledger” or “distributed transaction ledger”. however, it is difficult to forge or alter data because many people store the same data. If you try to forge or alter them, it is virtually impossible because you have to forge or alter all the data of the innumerable people.

Smart Contract

Smart contract is a computer protocol designed to digitally propagate, verify, or enforce contracts. Smart contracts allow for trusted transactions without third parties, which are traceable and irreversible. The purpose of smart contracts is to provide a secure method that is superior to traditional contracts and to reduce other transaction costs associated with contracts.

Application to lottery services

Based on the above-mentioned blockchain and smart contract, all actions performed on Tombola platform, such as the number of tickets selected by all users, the time of purchase of the tickets, the winning numbers, the number of winners, and the winners are impossible to forge or alter. In addition, it can be transparently shared by all users, which completely compensates for the risks inherent in the existing lottery services, making it possible for users to use TOMBOLA without worry on the basis of such reliability.

Application of Game Services

The meeting of the most accessible online gambling services, using the cryptocurrency optimized for online gambling that is guaranteed to be anonymous, legal and accessible, is creating tremendous synergy. The development of online gambling has long been stagnant because of the transparency issues existing online casinos had. Whether an online gambling service is playing fairly according to rules has been determined and used purely by the user’s beliefs, and the user does not use the service again when they feel unfair. However, gambling based on the block chain and smart contract can

generate results according to fair rules that no one can change and manipulate, and everyone can check the actual result. If Dapp is configured on the Blockchain, the TOMBOLA Game Fair will give game services objectivity and fairness. A specific values on the Blockchain and a specific value entered by the player are entered into the TOMBOLA algorithm. these values are transformed to the hash value. Tombola algorithm produce the number required for the game. And these results are available to all game participants on a block chain network. Also, TOMBOLA is not the only one that applies the results of a game to a single user, but to a whole host of users. the result of the game is 1:1 between the banker and user used by many existing block chain gambling services.

Token Sale

Structure of Tombola

The basic structure was set up aiming at maintaining and raising the value of Tombola through active circulation of TOMBOLA Tokens. 

Private Sale

The TOMBOLA private sale is carried out throughout the ICO and minimum participation is possible from 50 ETH. The method of participation is contact@tombola.io by mail, specifying the participants intention to participate in the private sale and the size of the sales, to receive specific methods of participation and information about the Bonus.

The Main SALE of TOMBOLA goes through one round of public phase. In the case of Main SALE, it is available in both Ethereum. The minimum amount of Ethereum available is 0.1 ETH. As with Pre SALE, the sales price of TBL was set at 1 ETH = 10000 TBL.

For More Information :

Website    : https://www.tombola.io/

Whitepaper : https://www.tombola.io/tombola_whitepaper_english.pdf

Telegram   : https://t.me/TBL_tombola

Twitter      : https://twitter.com/TOMBOLA_COIN

Authors : tellysa

Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1898514

VIARUM - DECENTRALIZED VR WORLD FOR REAL LIFE AND BUSINESS

DESCRIPTION OF THE VIARIUM PLATFORM

VIARIUM is a pioneering concept of virtual decentralized space where a pre-set array of tools is used to create a full-fledged VR world of your choice. While the platform is being created and developed with the support by the owners of those worlds and contributors of server capacity, the initial phase of the project solely uses our team’s resources. The project participants take the unique advantage of launching and developing their own points of sale and even entire virtual worlds. Soaring sales aside, extra revenues can be earned through the use of an internal token. Blockchain technology underlies the economic architecture within the created virtual reality. The use of a decentralized ledger allows one to keep records of property rights, ensure transparency of server capacity payments and easily execute smart contracts and other processes. The platform is designed to reach the widest possible audience: investors, developers of VR-content; small business owners; science fiction and art fans; real estate development firms, healthcare and shipbuilding companies as well as individual buyers. Exhibitions, galleries and even whole cities will be readily available for users to create and attend.

VIARIUM is a tool that will completely replace physical venues. VIARIUM consists of a single virtual space that includes VR worlds and VR architecture for shopping centers, standalone buildings, showrooms and other VR models created on the VIARIUM platform by our team or independent third-party developers

VIARIUM IN THE REAL SECTOR

VIARIUM offers brands, business owners, companies and individuals to sell their products using VR technologies. The areas where the platform can be applied is almost unlimited: Internet business solutions, VR-online games, sports events, the creation of any art objects, the restoration of historical monuments and/or retracing historical events, advertising, collecting, education, tourism, medicine, social communication, nonprofit events, mass events, concerts, to name but a few. VIARIUM is literally a copy of the real world in which far fewer restrictions and more opportunities are offered to develop business and implement projects the community might find interesting.

Given the relative infancy of VR-technologies, “entry points” from the real world to the virtual one are envisioned for the convenience of users. To this effect, we install physical showrooms with VR equipment inside at shopping malls, all around the world. We call them “islets” as they enable businesses to display any product in an area from 1m2 to10m2. This way, costs are reduced significantly for a business. 

VIARIUM Open Source Platform

In the future, the use of an own blockchain will make it possible to cut down the server capacity costs by distributing the network load among multiple nod participants in the network.

PARTICULAR FEATURES OF VR PLATFORMS ECONOMIC MODELS

The main objective of the VIARIUM project is to develop virtual space for efficient implementation of various projects and finding solutions to the tasks facing the contemporary society. This list includes, but is not limited to, the following: businessoriented, information, entertainment, charity and other projects. Any society, including a society that exists within a virtual space, has a propensity for economically advantageous exchange-based interrelations. Organization of an exchange gives rise to a local economic system inextricably intertwined with the global economy and flows of information and resources (in this case, in the form of digital currencies). In this connection, the development of an efficient economic system is among the vital factors of the project’s success.

The primary global idea of the virtual reality is to create a world without limitations. Removing limitations by introducing new technologies entails the risk of facing a number of other challenges, including those associated with the need of maintaining the working capacity of the technological base used to create the new reality. Relying on many years of our own experience in the development of and technical support to VR, and also having reviewed the economic systems of various societies, we have identified the following basic resources of the space being created:

Basic requirements to the VIARIUM platform’s economic model :

1 Efficient solutions to the problems of limitations and balancing of the system. Adjustment of the system balancing mechanisms in tune with the changing environment of the internal markets of limited resources.

2. Ease of use of mechanisms of mutual settlements with product end users in a virtual space.

3. Technological and economic safety. Immunity from attacks both in terms of technology and economy.

4. VIARIUM’s integration in the global economy and enabling the creation of an additional value for business and society.

5. Availability of mechanisms that protect the internal economy from external shocks or level down their negative impact.

Value Distribution within the VIARIUM platform

Based on auction results, the ownership rights to virtual space units are registered in an unalterable register using blockchain technologies. VR plot content is limited by the author’s fantasy only. We strongly recommend that the owners of territories on the VIARIUM platform check their content for compliance with the corresponding legal requirements of the jurisdiction of their registration. However, we recognize that compliance with laws of any jurisdiction is a sovereign right of the virtual content’s author. If a majority of owners of other plots vote against acceptability of certain content for the community, the plot will be closed. The owner of a plot with unacceptable content will be deprived of the possibility to advertise and somehow make others aware of his/her project within the world of the VIARIUM system, in which the plot was located. Access to the plot will be possible only for users upon the owner’s invitation or by a unique link. 

The project provides for the possibility of a diverse use of one’s plot, i.e. it may be used for any purpose: business, entertainment, noncommercial, educational project, social investment, etc.CBasic processes and their significance for the project’s economy at the creation of new territories in the VIARIUM virtual world

VRX TOKEN VALUE AND FUNCTIONALITY 

The VRX token (VIARIUM) is the project’s key component and the internal economic unit of the platform. The token is needed for settlements among platform participants. VRX is used in the following intra-platform transactions:

• Payment of a contribution when creating a new territory; In the auctions of determining the ownership of plots when creating virtual territories and in transactions of change of the owner (sale) of plots.
• Payment of fees (if any) for creation and monetization of unique objects, marketplace fees and other payments
• Payment for server capacity that supports operations of the whole virtual space
• Payment for licenses for the use of content, if the authors have availed themselves of this alternative of monetizing their intellectual property
• Payment for the services of employees and various service providers of the platform.

The VIARIUM token’s value is ensured by the following characteristics of the virtual world functioning:

The more territories and plots thereon are actively used, the higher the market demand. Growth of the sale market of graphical objects and licenses therefor. Development of the market of unique virtual objects and sales thereof. Growth of the trading volumes in the virtual plot and property market.

According to the equation of exchange, MV = PQ or MV = T, where T is the total volume of the token transaction market expressed in USD (for ease of calculation).

Taking into account that the token circulation velocity is constant (V = const), then M ~ T, where M is the monetary base volume, or, in fact, the project’s capitalization (as the project’s capitalization is expressed in the value of tokens). This paragraph refers exclusively to the required size of the monetary base sufficient for all economic settlements in the system. Besides the volume of the token transaction market, key elements of token valuation are the number of tokens frozen in various contracts and funds and the actual demand in exchanges and trading platforms, associated, among other things, with consumer activities of external users.

Thus the VRX tokens’ value and cost depend on an aggregate of various factors, of which the main one is the size of the project’s internal market expressed in USD* ,supplemented with an actual demand in the exchange resulting from user activity. Important: any user in the VIARIUM world has the opportunity for economic interaction with any virtual space business or project in any convenient form. It means that we don’t put restrictions on the use of any currencies and means of settlements by territory owners and users selling goods **.

FUTURE, OR HOW WE PLAN TO DECENTRALIZE 

At the early stages of the project, its structure is quite centralized, while the project itself is exposed to higher security risks due to possible limitation of server capacity. The main feature of a decentralized system should be deemed equal opportunities of all network participants for interaction with the public register. The decentralization process in a wider sense started in various economic fields several decades ago. The Internet offers a greater freedom of speech and an easier access to information. Apart from traditional mass media such as publishing houses and new agencies, we now have blogs, video channels, and messenger channels, where content and information distribution are handled by bloggers rather than journalists.

A free market encourages all its participants to be independent and free of censorship. A content generating system (in our case – the virtual space and its universe) can become truly decentralized only if a large number of network participants receive, record and, most importantly, compare each entry in the register. It means that decentralization should be measured by the number of information recipients, not by the number of people who record such information. It is much more difficult to deceive a network with an extensive number of decentralized nodes that compare entries in the register, as opposed to a centralized register. It means that the more the so-called entry validators exist in the network, the greater the extent to which the network is decentralized.

In the future, the VIARIUM platform’s blockchain will use the delegated proof of stake (DPOS) algorithm. This algorithm is an advanced tool that enables networks to select a more reliable record validator. Another not less important feature of this algorithm is that it provides an easier way for ensuring network scalability and the speed of transactions being recorded.

The VIARIUM platform’s transition from a centralized structure (initially characteristic of actually any organization) to a decentralized one will be gradual. At the early development stages, the system’s centralized architecture will be instrumental in countering unscrupulous participants, preventing their attacks on the networks and protecting the interests of bona fide participants. As the network grows and virtual spaces expand, the system will gradually adopt decentralized management and functioningThe advantages of such structure can be exemplified by transaction interrelations among individuals and organizations. Human interrelations are based on economic benefits with regard to each other expressed by a quantitative or qualitative equivalent. Private systems have, from ancient times, shown their incapacity for scaling and expensiveness of transaction relations. In other words, they fail to ensure proper services for resources entrusted to them. Instead of reducing transaction costs when adjusting their operations in accordance with the regime, institutions increase such costs thus “putting spokes in their own wheels” and preventing further growth. A typical solution is exemplified by the world’s first DAO, i.e. bitcoin. An open source decentralized system solves these problems by recording transactions in an accessible public register thus demonstrating the advantages of decentralized systems.

We believe that projects like EOS and other registers that are distributed more reasonably can save virtually any project from centralization.32 The DPOS algorithm applied in the VIARIUM project will allow for a more secured, but at the same time decentralized market to be created. This will have an impact in the first instance on interactions with capacity representatives. Virtual worlds will be controlled by the whole network, rather than a single representative of capacities. In this context, capacity representatives must have an additional impetus for participation in the system besides collecting lease payments for their land. Such additional impetus may be a new, more integrated economic model. 

The VIARIUM project and company are also developing other virtual space products. Products in which we believe, products that will change the world and expand areas for VR technology application. Taking into account the possibility of large-scale changes in the VIARIUM platform’s system, we realize that they will require a new or supplementary program document that would fully describe in detail all new interaction processes, economy, architecture, etc. We are prepared to publish such a document in Q4 2018 at the earliest.

For More Information :

Website            : https://en.viarium.io/

Whitepapper    : https://s3.eu-west-2.amazonaws.com/viarium/VR_WP_ENG.pdf

Telegram         : https://t.me/Viariumen

Authors             : tellysa

Bitcointalk's profile :https://bitcointalk.org/index.php?action=profile;u=1898514