Gambling as we all know is one of the oldest act in history as it has been in existence even before the introduction of the internet and the blockchain technology. It will be wise to described Gambling as an act of playing games in exchange for Money and in most cases the outcome is always uncertain as the player might either win or lose.
The 21st century is one that have witnessed tremendous changes in various sectors in the world, and today this transformation also have a drastic effects in the development of the lottery market. It was this same development that helped in digitalising the act of Gambling. But before the arrival of the internet, research shows that gamblers have device a means on how to participate in various card games in their respective region. To an extent this techniques have been working and it has been a source of income to some players across the globe. Taking this into consideration and seeing the profits one can make from gambling, different agencies took it upon themselves to host lottery games with amazing tickets. The purpose of this tickets is to enable gamblers irrespective of their geographical location to participate in the lottery market. This have been the case for the lottery market and numerous progress have been recorded with research showing that the lottery market have experience tremendous growth rate dating from 2004 where a total of 178 billion dollars were recorded and ever since the market have been growing.
Irrespective of the numerous successes recorded across the globe, there have also been some limitations which have hinger the development of the lottery market, gambling industry as well as gamblers in some areas.
An Insight Into The Problems
I shall be analyzing briefly some of the limitations and problems in the existing lottery marketplace below:
Transparency: This have been the major problem this industry have been dealt with since its inception as they tend not to disclose the exact information surrounding the total amount of funds allocated to the lottery. A typical example is the popular Baba Ijèbú lottery games in West Africa. It has been seen that less than 50% of the total funds allocated is distributed to the winners of the contest and others are not made known to the public. However this issues is yet to be resolved. Could it be that the remaining half is being spent on tax related issues or could it be that they have decided to spent it among themselves? Well still yet to be known.
Yes, it have been seen that the lottery marketplace isn't transparent in their dealings. This issues gave birth to twisting of results as this have become a common practice in the marketplace. I gave a typical example with Baba Ijèbú but I didn't explain in details what Baba Ijèbú does. Well,Baba Ijèbú is a lottery agency company in West Africa, a popular one that has been recognize in results manipulation. The company is design in such a way that it is difficult to get the winning numbers and even if a players get it just know that it is either a close relation or a friend to Baba Ijèbú. In that case, the winning is actually coming back to his pocket while other participants gets to watch the outcome without knowing what just happened thinking the machine has been program to like that.
In this content, I shall be describing TOMBOLA as the solution to all the existing problems and also as a Standardized Blockchain Base Gambling Platform For all Gamblers
What Is TOMBOLA?
Tombola is a well structure platform design to bring extensive solutions to all the existing problems in the lottery marketplace. Tombola will deploy the blockchain technology to decentralized the monopolistic marketplace and make it suitable for all players (Gamblers) in the ecosystem.
In addition, Tombola is a decentralized blockchain base lottery platform that aimed to bring back the lost trust, enhances transparency, maintain integrity, eliminate results manipulation and provide maximum security in the Gambling marketplace.
How Does It Works?
Since Tombola is a revolutionary platform design to transform the lottery industry with the help of the blockchain technology and this technology is sometimes referred to as the most disruptive technology as it introduces cryptocurrency and ensure financial transactions are successful, secure and transparent. Tombola is structured in such a way that it uses a chain seed, as well as player seed together with nonce to obtain maximum display. This chain seed is a randomly generated hash from a blockchain transactions and it will be extracted into the public game once per day. While the player seed is provided by the assign browser. In addition, Nonce is the exact number assign to each game and it is use to get the total players (gamblers) by numbers in a game.
To sum it up, Tombola is a platform design with the applications of the blockchain technology to decentralized the existing gambling marketplace. Since blockchain is a distributed ledger technology where accountability is made known, hence the results obtained from Tombola games are display with the help of the blockchain technology for everybody to see. This results obtained from Tombola games are encrypted through chain seed, player seed and Nonce. All this are put together to obtain maximum results and satisfaction in the ecosystem.
Token Ecosystem And ICO Information
In other to facilitate the smooth running of the ecosystem, Tombola will deploy its own native cryptocurrency token called Tombola token with symbol TBL. This token will be utilize in the ecosystem to validate all transactions and also use to reward players that will make use of the Tombola platform. It is an ethereum base token, ERC 20 compatible with a total supply of 500,000,000 TBL. The Softcap is reached and sales is still on. More
details below:
Token Name: Tombola
Token Ticker: TBL
Token Platform: Ethereum
Token Standard: ERC-20 compatible
Token Total Supply: 500,000,000 TBL
Token Price: 1 ETH = 10000 TBL
SoftCap = 25000000 TBL
HardCap = 250000000 TBL
MainSALE Duration: 2018.08.01~08.31
KYC: YES
Token Distribution
Tombola is a transparent platform that schedule it token distribution in the following ways:
---> 20% For Pre ICO
---> 30% For Main ICO
---> 17% For Stretegic Partner & Marketing
---> 20% For Reserve Bank Roll
---> 10% For Team
---> 2% For Airdrop and
---> 1% For Bounty
In Conclusion, Tombola is creating a free fair and transparent gambling marketplace that will disrupt the existing gambling industry. Tombola will deploy the blockchain technology to help earn trust back, guarantee security and provide to all users in the ecosystem maximum satisfaction.
For More Information, kindly visits the links below:
Website: https://www.tombola.io/
Whitepaper: https://www.tombola.io/whitepaper.html
Telegram: https://t.me/TBL_tombola
Twitter: https://twitter.com/TOMBOLA_COIN
Facebook: https://www.facebook.com/TOMBOLAofficial
Linkedin: https://www.linkedin.com/company/tombolaico/
Medium: https://medium.com/@tombola
Github: https://github.com/team-tbl-dev/Tombola-TBL
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4691540.msg42333752#msg42333752
Author's Details:
Bitcointalk Username: capableuwa1
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2077672
