TOMBOLA: PIONEERING A NEW DIMENSION IN GAMBLING

karldark (40)in #cryptocurrency • 6 years ago

The sun had a brilliant glow as it rose from the East, the songs of the birds were melodious, “today must be great”, Mr Jim said to himself as he looked through the window. Few minutes had he just had a thought, things were beginning to get a little bit realistic. Mr Jim had just entered the bathroom to take his bath when he held a bleep from his phone. “That must be those annoying relatives asking for money again”, he said to himself. “Bleep bleep”, the phone rang again. “Oh! What do this people want from me again?” Mr Jim walked back to his room quite frustrated, reached for his phone and what he saw surpassed his imagination. “You have just won the bet and have been awarded the sum of $3000”. With hands shaking like a vibrating tuning fork, Mr Jim quickly checked the betting site for authentication and it was true. Still vibrating, this time a little lesser, Mr Jim boarded a taxi, and headed straight for the betting company. “I won the bet. I won the bet”. Mr Jim shouted as he danced around the betting company. Few minutes later, it was a different story. “I’m sorry sir. There must have been a mix up somewhere. We can’t see your name on our Master list sir. We are really sorry.” Well, the rest is history.

No doubt, the issue of misappropriation of fund and lack of transparency, that has existed in the lottery industry is one that has left much to be desired. Tombola aims to bring a stop to these issues by intoducing a blockchain-based reliable lottery platform which aims to address these challenges.

The Tombola Initiative

Tombola is a blockchain-based reliable lottery platform. The aim of Tombola is to solve all the problems associated with the traditional lottery system. Some of these problems include misappropriation of funds, lack of transparency and government influence.

Through blockchain, Tombola will enable a reliable lottery system by providing a lottery platform which will be free from government influence. Since the blockchain system is strong enough to resist attack by hackers and manipulations, Tombola thus offers a fairer, more distributed and more transparent lottery system. Therefore, all actions performed on Tombola platform and details of the actions, which include but not limited to the number of tickets selected by all users, the time when the tickets were bought, the winning numbers, the number of winners, and the winners, cannot be manipulated or forged. Also, this information can be seen by virtually everyone on the platform further making the platform immune to hacker attacks, manipulation and forgery.

Some of the games which are available on the Tombola platform are briefly explained below:

●Tombola 6/45: Tombola 6/45 is the traditional lottery game supported by Tombola. In this jackpot winning game, a total of 45 numbers are selected, if the six numbers on a ticket tally with any of the numbers, then the lottery is awarded.

●Black and White: Tombola Black and White Tombola is a kind of camp selection game. In this game, two camps, Black and White camps, are drawn. One of these two camps have to be selected, with each turn having a 50% victory chance and the player must have to select a camp within the turnaround time. If a victory camp is chosen, players who chose the victory camp will be awarded a prize of 1.98 times the ticket and the defeated players lose their tickets. The game is fair and void of manipulation as decisions are made based on even odds.

●Turtle Chase: In the turtle chase game, three players will choose one each of three turtles to bet in a turtle running race. The turtles might either be red, blue or green and the turtle has to be chosen within the preparation time. It is also a fair game where decisions are made based on even odds.

Tombola Token

Tombola token, with ticker TBL, is the official token and the native cryptocurrency of the Tombola platform. It is issued on the Ethereum blockchain and the total supply of TBL had been capped at 500 000 000 TBL. TBL will be offered through a public sale and the proceeds will be used for the development and maintenance of the Tombola platform. The price of TBL has been pegged at:
10000 TBL= 1ETH

The maximum supply of TBL is 500 000 000 TBL and TBL is being offered to the public through a token sale exercise.

Conclusion
By creating a fair and trusted lottery platform, Tombola will create a new revolution for the betting system.