Tombola: Standard of World Blockchain Based Gambling

jamesndungu (61)in #tombola • 6 years ago

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The ability of blockchain technology projects to operate in a transparent environment encourages projects with large volumes of money at stake to adopt this amazing technology in an effort to encourage participants to participate in a fair gambling environment. One of the projects using technology to instill confidence to its platform users is Tombola, one of the blockchain projects planning to attract a decentralized community to enjoy their games in a transparent secure manner. As more industries blockchain adopt blockchain technology Tombola is revolutionizing the lottery industry towards improvement in the rewards processing process.

The platform is cost effective and allows micro-payments thanks to its own tokenized economy, users are able to transact without middlemen having a cut of their transaction fees. The mission of Tombola is to allow users to enjoy the transparency of blockchain Technology processes in a global scale while rewards are automatically distributed without the intervention of human activity.

(Video Source: Youtube - Tombola ICO Trailer - Official Video )

The target market for Tombola is vast with figures estimated a the market size to exceed $65 billion as more people are now participating on online gambling and gaming with the highest contributing technology being the introduction of the mobile phone that allows participant to use mobile internet to enjoy themselves and earn lottery rewards online. It is estimated the lottery industry accounts for 29% of the total gambling market and the growth of quality and fair gambling sites are the luckiest businesses to attract customers for their transparent business dealing. Tombola understands this is a key success factor and its business model is very transparent compared to competitors using traditional human intervened processing, this is a competitive advantage to tombola as it plans to penetrate the lucrative market.

TOMBOLA

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Tombola is a decentralized lottery and gaming platform using blockchain technology and artificial intelligence to improve the fairness and transparency of the industry processes, which has been accused of human intervention for commercial benefits. Tombola plans to be the best and instill confidence to its users as they enjoy themselves in a platform that doesn’t charge on game spending.

Tombola plans to sue latest technologies to allow users in a decentralized environment enjoy themselves without worrying about cross border transaction fees thanks to its tokenized economy and smart contracts features that allow rewards to be distributed automatically without human intervention to lucky winners.

How TOMBOLA works.

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Tombola plans to use blockchain technology to generate the winning participants in a transparent manner that is available for public scrutiny, this transaction cannot be forged or intervened on by any human. Blockchain technology tokenized economy on the platform will also allow the participants to join in the fun without worrying about cross border transactions challenges.

Tombola transactions are stored on a transparent blockchain which will be available at any time for any user to check on the transaction's transparency where smart contracts allow the processing of winning to be automated and processes instantaneously.

I was able to check the platform website and as of writing the platform has four games, Black and white, Turtle race, Three dice and 5/20 lotto.

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Currently Tombola is running an ICO Campaign aims at raising funds towards the development and improvement of the platform including adding more games, the projects game quality are impressive and once an investor checks the game I'm sure he will love what he sees, the project is led by a high skills team that have experience working in the gambling and lottery market coupled with technology gurus who will be able to steer the project in the right direction.

TOMBOLA ICO.

Tombola plans to add more games on the platform, this will allow participants enjoy a variety of games on the platform from their mobile phones and computers. The games are of high quality and the business model has a competitive advantage that will ensure the project penetrates the high lucrative gaming and lottery market.

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Currently investors wishing to invest on the platform can earn tokens which will allow them to earn dividends amounting to 50% of the revenue generated on the platform. Token sale is ongoing and started from 2018-08-01 - 2018-08-31, I have included some charts for your educational purposes regarding the ICO below.

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Conclusion.

The gambling and lottery industry are highly centralized and monopolized for commercial purposes, it's time for a change where fairness and transparency are guaranteed. Human intervention of the processing of rewards is the main challenges faced by this industry and Tombola plans to solve this problem by using modern technologies such as blockchain technology and artificial intelligence to get rid of manipulation in processing of rewards. The platform is secure and all user identities are kept private in a fast, convenient and secure platform.