Tombola is a gaming platform where users can purchase tickets through cryptocurrency and proceed with the game, the prizes are automatically distributed according to winnings. Users will be able to make use of the value gotten through purchase or winning through the use of various games services and distribution system. This will provide users the opportunity to increase their value.
The lottery market has experienced tremendous growth from 2004 when it raked in $178 billion until 2016 when a revenue of $298.3 billion was realized. It is expected to grow at a compound rate of interest annually of 9.44%.
The tradition lotteries are now being replaced by high-end technologies. The continuous growth and development of the lottery markets have seen the emergence of decentralized blockchains characterized by fairness, transparency, and security.
The traditional lottery / existing lottery industry is characterized by a lot of problems. Some of these problems include the following: winnings aren’t decided through fair drawing. Sometimes winners are pre-determined before the official procedure which is fraudulent and renders the whole process wasted efforts by genuine participants as a result of the companies not being transparent. In other cases, there is no transparency in the use of funds. The winners get 50% of the fund, while the remaining 50% is not fully explained concerning its use. Some of these remaining funds are wasted on the companies operating expenses.
POTENTIAL OF BLOCKCHAIN BASED GAME INDUSTRY
The global game industry is expected to grow by $189.86 billion in 2018 in contrast to the 12.4% growth experienced in 2017 to the tune of $168.81 billion. The gambling category is expected to rake in around $51.96 billion since the entry barriers to online gambling have been lowered, the industry is expected to grow at an exponential rate making the past market rate worthless. Existing blockchain Gambling service calls ‘‘Blister’’ started with the opening of services called “DICE”, “ROULETTE”, “MULTSALELOLOR” and “CARAZ” in February 2015. Since then, the number of bets has increased to about 25 billion times more than it used to be.
ENLIGHTENMENT ON TOMBOLA GAME GAMING SERVICES
Tombola basic game structure was developed to make use chain seed, player seed, and the nonce to derive game results. Chain seed is randomly generated transaction hash from within the blockchain that is to be extracted for a public game daily while the player seed is a unique seed provided by the browser for each user. The nonce is the number set for each game.
Black and white is a concept of an instant lottery. It is a game where one of the two camps of Black and White is selected; leading the victory camp with a 50% chance. In the Black and White game, there is a 50% victory and also a 50% chance of defeat.
Turtle chase is a game where three turtles choose one turtle to bet in an exciting running race. Users are expected to make a bet by choosing between the colors red, green and blue turtles within the preparation time.
Other Games in the TOMBOLA basic game structure also includes Dice 3 & 5/20 speed Lotto.
Tombola gaming structure is built on the Blockchain network with fairness, it also makes use of a smart contract, and Application to lottery Services Call action performed on Tombola platform is transparent. It is impossible to forge or alter the names and details of winners, their numbers and the time of purchase of the tickets.
TOKEN SALE DETAIL
Token Name: Tombola
Token Symbol: TBL
Total Supply: 500,000,000 TBL
Pre Sale/Main Sale Price: 1 ETH = 10000 TBL
Minimum Purchase: 0.1 ETH
TOKEN SALE DURATION, PURCHASE & BONUSES
Conclusively, the Tombola team are professionals that are maximally dedicated to delivering a gaming platform that will be transparent in all ramification and give investors a quality return on investment.
For more information on this project, visit the following links:
Website: https://tombola.game
White Paper: https://www.tombola.io/tombola_whitepaper_english.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4691540.msg42333752#msg42333752
Twitter: https://twitter.com/TOMBOLA_COIN
Facebook: https://www.facebook.com/TOMBOLAofficial
Authored By: https://bitcointalk.org/index.php?action=profile;u=1023247