TOMBOLA: An Initiative towards the Lottery Market
The lottery market is expected to grow at tremendous growth rate of 9.44% in the coming years. Traditional lotteries lead to sales of various digital versions of lottery tickets, including web and mobile apps, and therefore they are gradually being replaced by high-end technologies. Decentralized Blockchains with fairness, transparency and security have appeared with the continuous development of digital technology.
There are many problems faced by the existing lottery industry. Firstly, it can be considered that the winnings decided are not fair and there is room for manipulation. Secondly, there is lack of transparency. For the current state lotteries approximately only 50% of the funds are distributed to the winners, and the remaining amount is not fully explained. Many lottery operators are wasting the funds on their excessive or unnecessary operating expenses, and are paying a lot of taxes as well. They do not disclose detailed amounts and proof of expenditure to users who purchased the actual lottery tickets.
Solution offered
Tombola is the newest approach towards the lottery market. It is a reliable lottery platform that is based on Blockchain technology. Tickets can be purchased by the users using cryptocurrency and then they can further move on with the game, and according to the winnings, the prizes are automatically distributed. Tombola 6/45, a traditional lottery game, is a jackpot winning game in which if the six numbers on a ticket match the numbers drawn by the lottery out of a total of 45 numbers.
Game gaming Services comprises of the following:
• Tombola Black and White – It is a concept of instant lottery. It is basically a camp selection game. This is a game where either a Black or White camp is selected; putting up a victory camp with a 50% chance for each turn, the user must select a camp within the turnaround time. Players with the victory camp are rewarded 1.98 times the ticket and the other players with the defeated camp lose their tickets. It is a fair game because all users participating in the lottery rounds decide win/lose with even odds, thus there is no room for manipulation.
• Turtle Chase – It is a game where three turtles choose one turtle to bet in a race. Within the preparation time, users make a bet by choosing between the red, green, and blue turtles. The game in which the user’s choice of turtle wins the race is given 2.97 times of betting amount. And if a turtle loses the race, the user loses betting amount. It is a fair game where no manipulation can take place because all the players who participate in the game round decide to win or lose by the same result.
• Dice3 – It is a game of prediction and matching the sum of the 3 dices in advance. It allows the user to set the catch value and select up and down. The user can turn the dice three times in total, and when the sum of the three dice is 3 to 10, the result is Down. And when the sum of the three dice is 11 to 18, the result is Up. Players receive 1.98 times of betting amount.
ICO information and team
The Public Sale begins from 1st July 2018 and ends on 31st July 2018. The Main Sale begins from 1st August 2018 and ends on 31st August 2018. The team working on the project comprises of individuals who are experts in the fields of Blockchain, Software engineering and marketing.
Conclusion
Tombola, an incredible platform, applies the game results to a single user, but to a whole host of users. The platform is fair and user-friendly. Based on the Blockchain technology, the platform will revolutionize he lottery market.
For more details visit
Website: https://www.tombola.game/
Whitepaper: https://www.tombola.io/whitepaper.html
Published by: Pooja Jur
Btalk Profile: https://bitcointalk.org/index.php?action=profile;u=1217469