Introduction
Tombola is a Blockchain based lottery and gambling services which is eliminating the manipulations or fraud in lottery-based tickets, numbers and winners. According to the source, the lottery market increasingly growing from $178 billion in 2004 to $294 billion in 2016 and it is expected to grow at CAGR of 9.44% in the future.
It is a reliable lottery platform where users can purchase tickets through cryptocurrency and proceed with the game and prizes are automatically distributed according to the winnings via blockchain. Users will be able use the value which is obtained through lottery purchase or winning by using various game services and distribution system, which also provides them to increase their value. A lottery and gambling platform where no one can manipulate results of game, does not charge any game fee and 50% of profits will be distributed to Tombola token holders regularly.
Problem
The problem is in existing lottery industry where an individual or organization trying to manipulate the result and in distribution of the prizes. There is only 50% of funds are distributed to the winners and the remaining amount is not fully explained where it goes. They are lacking in transparency and many lottery operators are wasting the remaining funds on their excessive or unnecessary operating expenses. On the other side, they are paying lot of taxes and do not disclosing the detailed amount, proof of expenditure to users who purchased actual lottery tickets.
Solution
The solution where Tombola is come up with their Blockchain based lottery and gambling industry by eliminating the manipulations in lottery tickets, numbers and winners. They are connecting crypto based lottery platform where users can purchase tickets through cryptocurrencies with full transparency. The winners automatically get their prizes through blockchain technology. The gaming structure of Tombola platform uses Chain Seed, Player Seed and nonce to derive game results where the nonce means number set for each game. Every result is being recorded on the blockchain and everybody can see it with full transparency.
The Team
Peter Jung – CEO – He’s also a CEO of Gloria Trading. He’s having working experience in such fields like Marketing, Fintech Industry, Finance and having keen interest in the Cryptocurrencies and Blockchain Technology.
Carl Kim – COO – He completed his graduation form Konkuk University. He also holding a position of Assistant Manager at OJC Co. Ltd. He’s having working experience in Business Development, Management and Business Strategy.
Jeans Tang – CMO – He’s also a Founder of Bench Mark Blockchain Research and Investor at Bytom. Also, a VP of Olympia Investments Ltd., and Board of Advisors at EventChain International SmartTickets. He’s having extensive working experience at Motorola and Samsung and having expertise in Software, IT, Security, Cloud Computing, Web & Mobile Development, Social Networking, Capital Markets and Blockchain Technology.
Token Matrix
Token – TBL
Total Supply – 500 Million TBL
Price – 1 ETH = 10,000 TBL
Soft Cap – 25 Million TBL
Hard Cap – 250 Million TBL
ICO Date – 1st to 31st August 2018
Social Media Reach
Facebook – 12k+ Followers – https://www.facebook.com/TOMBOLAofficial
Twitter – 11.4k+ Followers – https://twitter.com/TOMBOLA_COIN
Telegram – 19.6k+ Members – https://t.me/TBL_tombola
Verdict
The Social Media hype is excellent, and they are very much active on their Telegram Group.
The Website and Whitepaper both explained in detail and easy to understand the project.
There are 9 core members in the leadership team who are having expertise Software, Analyst, Fintech Industry, Marketing, IT, Security, Cloud Computing and Blockchain Technology. Some of them previously worked with Motorola and Samsung for several years.
They have 5 advisors on board who are having expertise in Marketing, Finance, IT, ICOs and Blockchain Technology.
The Roadmap is provided with their milestones till 2019 where ICO is currently live till 31st August 2018. The MVP is available on their website as a Beta version.
They have partnered with Atom Capital, Molecular Group, Geekbeans Capital, Block Dream Fund, Madison Group, Hong Kong Blockchain Association, CoinX etc.
For Detailed Information
Website – https://www.tombola.io/
Whitepaper – https://www.tombola.io/tombola_whitepaper_english.pdf
ANN Thread – https://bitcointalk.org/index.php?topic=4691540
Bitcointalk Username – ritikagupta
Bitcointalk URL – https://bitcointalk.org/index.php?action=profile;u=1375471
ETH Address – 0xA6119b0AF2EC4A3e8A64f8ADA1dBF152f06eC392