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/
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
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