Tombola has given their best to gambling and lottery industry

in #tombola6 years ago (edited)

     In present, blockchain technology has been popular in most of every industry, and its presence will be felt like never before. People love to embrace decentralized platforms because of their transparency, low transaction fees, anonymity and less manipulation advntages.

     When it comes to gambling people always had the problems such that how the house won, isn’t there manipulation of results? trust issues with website payments, anonymity issues. Conventional online casinos data such as; gaming results, winnings, payouts are always being kept hidden to the society. when gambling industry extended to the internet above problems were risen but there was no any solution before blockchain technology came in to the game.

     Is that only gambling industry faced into those problem? What about lottery market? Yes of course, as continuing developing industry, lottery market has faced into those similar problems. From 2004 to 2016 it has grown in 116 billion dollars and is expected to have 9.44% growth rate in coming years. Wow did you see it? there is much potential growth in lottery industry. So what will happen if blockchain technology came with better way? Surely the market growth also will show significant change.

Does the conventional winnings are coming up with fair drawing?

     No, it is always not that much fair. History has already told us what happened and history always repeating. Feel uncertain? Here is some news that can find in the internet about frauds of centralized gambling and lottery services.

Solution given by Tombola

     As a blockchain based project Tombola has already implemented gambling and lottery website and it is fully functional in present. Users can purchase tickets through cryptocurrency and proceed with the game and the prices are will be automatically distributed according to the winnings.

Basic structure of tombola game

     Tombola algorithm will use server hash which generated from chain seed and player seed (you can find more information about chain seed and player seed through Tombola whitepaper) and given fair game results. These results are encrypted and will be recorded in the blockchain, and everybody will be able to see it.      50 percent of the net income generated from games will be distributed regularly to Tombola token holders. If you are interested about investing this profit dividend distribution should be kept in mind well. Because the value of your token will increase day by day. Amazing isn’t it?

Let’s take a look at what is inside Tombola games

Black and white

     This game is about camp selecting. Two empty buckets there as two colors in black and white. User need to select and if the selected bucket is filled with water it’s a win. 50 percent chance for the wining and winner will be given 1.98 times of betting amount.

Turtle chase

     This is my favorite found on the platform and have to say it is very much additive. Three turtles in color red, green and blue and you have to bet and select a color. If the turtle won, the race is paid 2.97 times of betting amount. So every player has 1/3 chance to win 2.97 times of betting amount. That is huge win!

Dice 3

     This game has much wining chance than turtle game. However, turtle game won my heart and I won some bitcoins too. User need to bet for up or down and will be given 3 times in total to roll the dice. 50 percent wining rate and winner will be reward 1.98 times of betting amount. That’s seems good.

Tombola lottery service

     Much popular Tombola 6/45 is a jackpot wining game. The six numbers on a ticket need to match the numbers drawn by the lottery. As the distribution plan 60 percent of fund will be given as prices, 20percent will be charged as operating techniques, 10 percent for dividends and 10 percent for fees and charities.

Blockchain

     Tombola blockchain has created a block as a ledger where personal data and personal transaction data are recorded. Every user has transaction history so you can check the ledgers held by all users. Tombola blochckain has proved that it is designed in the way keeping maximum transparency with the users.

Tombola ICO

     Currently when I’m writing this Tombola ICO is happening and already has passed the softcap (more than $25 TBL is sold). As a project which has a good potential with having beta version of betting platform release, Tombola will achieve their targets in future and it will be also the success of the investors.

Team

• peter Jung is the CEO of Tombola and formal CEO of Gloria trading
• Carl Kim is the COO of Tombola and formal assistant manager of OJC co ltd
• Jeans tang is the CMO of Tombola he is the founder of Bench Marking Blockchain research (BMR) with lots of experience
• Alex Wu, Carson Yan, NG Chung Yin Franco, Baron Chow, Aiden Chan, work as the blockchain developers and Kwan Cheong Chow is the analyst

Official website : https://www.tombola.io/

Official telegram : https://t.me/TBL_tombola

Game website : https://tombola.game

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