Tombola – Integrating Blockchain into Lottery Industry

Overview:

Tombola is a blockchain project which is focusing to develop a lottery platform. The platform allows users to purchase the tickets using cryptocurrency. The project aims to decentralize the current gambling and lottery industry. TBL tokens will be used on this platform.

Existing Challenges:

The current lottery industry consists of many problems like there are many manipulations which happen while distributing the lottery prices. The true winners often face these manipulations and do not get the deserved winning profits. Moreover, only 50% of funds are distributed to the winner. The distribution of remaining funds is not explained to the users. This brings in lack of transparency in the system.

Solution:

Tombola is solving the above addressed problems by integrating blockchain into the lottery industry. The platform will provide transparency and security to the users. The users who win on this platform, the blockchain saves the number, time, and user’s wallet thus ensuring fairness to the winners. The immutable nature of blockchain technology does not allow anyone to change the data once stored. The platform will distribute the dividend to the coin holders on 25th of every month. Tombola Gaming Services include games like Black and White, Turtle Race, 3 Dice, 5/20 Lotto. These games are available on the website of this project.

Team:

Peter Jung – CEO – He’s also a CEO of Gloria Trading. He has experience in fields like Marketing, Fintech Industry, Finance and having keen interest in the Cryptocurrencies and Blockchain Technology.

Carl Kim – COO – He completed his graduation from Konkuk University. He also holding a position of Assistant Manager at OJC Co. Ltd. He’s having working experience in Business Development, Management and Business Strategy.

Jeans Tang – CMO – He’s also a Founder of Bench Mark Blockchain Research and Investor at Bytom. Also, a VP of Olympia Investments Ltd., and Board of Advisors at EventChain International SmartTickets. He’s having extensive working experience at Motorola and Samsung and having expertise in Software, IT, Security, Cloud Computing, Web & Mobile Development, Social Networking, Capital Markets and Blockchain Technology.

Token Matrix:

Token – TBL
Total Supply – 500 Million TBL
Price – 1 ETH = 10,000 TBL
Soft Cap – 25 Million TBL
Hard Cap – 250 Million TBL
ICO Date – 1st to 31st August 2018

Verdict:

Pros:
• The team members behind this project have experience in various fields like blockchain, software development, marketing, finance, business development etc.
• There are eight advisors for this project having different backgrounds like blockchain, credit management, finance, marketing and many more.
• The beta version of Tombola platform is available on the website where the users can access the games available on the platform.
• The project has partnered with Atom Capital, Molecular Group, JD.VC, BD Fund, Madison Group, Hong Kong Blockchain Association, Changelly, Payble and Coinx.

Cons:
• The whitepaper does not consist of detailed information about the project.
• The roadmap is not drafted well which fails to deliver the detailed information about the events.
• There are many ICO projects who have entered the lottery and gambling industry which indicates that Tombola project has many competitors ahead of it.

Website: https://www.tombola.io/
Whitepaper: https://www.tombola.io/tombola_whitepaper_english.pdf
Telegram: https://t.me/TBL_tombola
Twitter: https://twitter.com/TOMBOLA_COIN
ANN Thread: https://bitcointalk.org/index.php?topic=4691540.msg42333752#msg42333752

Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c