Lotteries represent a most popular form of gambling and are sold in various forms. Despite the fact, that the winning probability is close to zero, people still buy lotteries. Tombola intends to offer lotteries with gaming products as it will migrate its infrastructure to blockchain for fairness and transparency.
Tombola's model of participation in lottery games
The motivation to migrate to blockchain stems from the fact that using a shared ledger will make it impossible to change any records. This, in turn, will guarantee, that the movements of funds can be audited.
Tombola 6/45 is a jackpot game. Below is an overview of the game:
In case that the winner has not been identified, the rewards will be transferred to the next round. TBL tokens will be used both on the Tombola Lotto and Game platforms.
Diversifying the product portfolio
Tombola's online gaming services will include the following games:
-Black and White is a selection game in which gamblers select one of the two camps with the winning probability equaling 50% respectively.
-Turtle Chase is a betting game, where users can bet on a turtle to win the race.
-Dice 3 Game consists of three dices and is based on the Up and Down model, that is, the result between 3 and 10 is Down, whereas the sum between 11 and 18 is referred to Up.
-5/20 Speed Lotto is based on the following allocation scheme for rewards: The lower the winning probability is, the higher is the reward.
The main principle behind the Tombola's games pattern is that determining the outcome of the game based on a random seeds generation. Once the hash value has been generated, the Tombola algorithm will then calculate the outcome. Alongside accepting the TBL tokens, another two cryptocurrencies, BTC and ETH will be accepted for betting games. The only one difference lies in the absence of charged in case when users will bet with TBL tokens.
ICO Details
Public ICO round has started on August 1 and will end on August 31, 2018.
While stating the lottery industry as the segment that needs urgent improvements, Tombola, in fact, focuses on a few cases that have been proven for fraudulent misrepresentation. Whenever a new offer has been introduced to the market, from the angle of lottery players, however, it is reasonable to expect a new strategy on how to maximize their return. Without going into detail of the question on how reasonable these expectations are from the industry's standpoint, we couldn't find any other appealing options for users apart from a transparent system itself.
Development plans include integration with other gambling platforms providing even more games of chance, including at least two new in-house gambling games as well as launching Tombola ATMs to allow for its offline presence. Additionally, a certain amount of funds will be spent on charity. Another good move with respect to the overall game set-up is that Tombola will introduce two balancing game options, that are Tombola 6/45 and Tombola 5/20: While differing in the winning probability, they offer different winning rates respectively.
Links:
Website: https://www.tombola.io
WhitePaper: https://www.tombola.io/tombola_whitepaper_english.pdf
Telegram: https://t.me/TBL_tombola
Facebook: https://www.facebook.com/TOMBOLAofficial
Twitter: https://twitter.com/TOMBOLA_COIN
Medium: https://medium.com/@tombola
ANN: https://bitcointalk.org/index.php?topic=4691540
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.
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