The lottery market is constantly developing and growing. In 2004, the year its total volume amounted to 178 billion dollars, while today it has increased to 294 billion dollars. According to the results of the research, the average growth rate of this market is 9.44 percent per year. At the same time, this trend will continue over the next few years.This market, as well as technologies, does not stand still and develops all the time. Today, more and more lotteries use mobile and browser applications instead of the usual paper tickets.However, there are certain drawbacks to existing lotteries, including:
- lack of fair conditions of winning;
- the manipulation of the results;
- lack of transparency in the use of funds.
All the above disadvantages will allow you to fix a new platform Tombola, using the Blockchain technology.
Project objective
The main goal of the development of the Tombola platform is to create a unique service that ensures the integrity of the lottery and transparency of the distribution of funds received.
Principle of operation
Smart contracts and Blockchain technology will be used in the work of this platform, which will provide transparency of developers and lotteries, as well as allow to distribute winnings honestly. As gambling, this service will use:
- Black and White;
- Turtle Chase;
- Dice 3;
- 5/20 Speed Lotto Tickets;
- Tombola 6/45.
The game black and White implies the player's choice of one of the sides – white or black. Once the choice is made, the game will start. As a result of random selection, either the player of the white or the player of the black side wins. The win rate is 1.98. The losing player loses his bet.
The second Turtle Chase game is a turtle race in which the player has to bet on one of them. The winner will receive a win with a coefficient of 2.97.
In Dice3, the player should make a choice in a smaller or larger direction - from 3 to 10 or from 11 to 18, respectively. After selecting the dice are thrown. If the sum of the dice corresponds to the range chosen by the player, he gets a reward.
Lottery 20 Speed Lotto Tickets involves the choice of a player 5-digit of 20. If all 5 numbers are correctly guessed, the player gets a jackpot. In this case, funds are also paid from the 2nd to the 4th Fund, after which 20 percent of the remaining amount goes to the next round, and 10 percent are deducted as a Commission fee.
Tombola 6/45-is the main lottery platform, providing a choice of 6 digits of 45. The lottery is held once every 24 hours. The jackpot is 70 percent of the prize pool.All funds raised from the sale of Tombola lottery tickets are distributed as follows:
- 60 percent of the funds are sent to the prize Fund;
- 20 percent of funds - as a fee for licensing, spending on legal costs and marketing;
- 10 percent – dividends;
- 5 percent – fees;
- 5 percent of the funds go to charity.
It is important to note that the 25th day of each month, 10 per cent of the revenues of the platform are distributed to the holders of the coins TBL in accordance with their shares.In addition to Blockchain technology and smart contracts, the integrity of the platform can be verified with the help of a special application, in which the user will be able to get information about the number of tickets, the time of their purchase, numbers and the number of winners. Moreover, the relevant information can be shared, which completely eliminates fraud on the part of Tombola.
The main currency of this service will be coins TBL, which can be purchased during the ICO.
Dates and details ICO
The developers intend to sell 250 million coins during the ICO. Today is the main sale of coins, which will end on August 31.The cost of 1 TBL is 0.0001 ETH.Softcap of the project – 25 million TBL, hardcap – TBL 250 million.
The distribution of tokens is as follows:
Conclusion
Given the growing popularity of gambling and lotteries, the project Tombola can be very popular. The main reason for this is the transparency and honesty of the platform, which is not inherent in all modern gambling services.One of the reasons for investing in this project is that it has already reached its softcap, and, consequently, its launch is guaranteed.
Following more information;
WEBSITE: https://www.tombola.io
TELEGRAM: https://t.me/TBL_tombola
WHITEPAPER:https://www.tombola.io/tombola_whitepaper_english.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=4459085
FACEBOOK: https://www.facebook.com/TOMBOLAofficial
TWITTER: https://twitter.com/TOMBOLA_COIN
MEDIUM: https://medium.com/@tombola
LINKEDIN: https://www.linkedin.com/company/tombolaico/
YOUTUBE:https://www.youtube.com/channel/UCI0TL0Z6kuCuYMnBvYciibg
GITHUB: https://github.com/team-tbl-dev/Tombola-TBL
Keep Tabs On Me Daily articles on cryptocurrency and blockchain based projects.
Eth Address : 0x65510EA7bB0618d48c0Ac5a3941760c96ECcda3C