Tombola : The First Cryptocurrency Lottery and Gambling Platform Based On EOS Blockchain

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The history of mankind can be linked with the history of gambling. As we try to trace the history of gambling we have in one form or the other found signs of a group of people gathered together to engage in different forms of gambling.

According to <a href="https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/">statista dot com </a> the online gambling market is expected to grow to about $51.96 billion in 2018 and it is projected to reach a whopping sum of $58.79 billion in the year 2020.

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With the statistics above we can see that the online gambling industry has a lot of potentials.

In light of these many potentials, the industry still encounters many challenges. The infrastructures available are not fair, systems are manipulated to decide on winners, and the current centralized systems are prone to this kind of manipulation from whales and big players in the gambling market.

# What Is The Way Forward?

The blockchain technology is an undeniably ingenious invention of our time. Blockchain portrays the idea of decentralization. By decentralization we mean, a global system of networked computers that jointly manage the database and records transactions in an immutable form. The information recorded on the blockchain is immutable, secured and transparent. The Tombola project implores blockchain technology to bring fairness, security, and transparency in the lottery and gambling industry.

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The Tombola platform leverages on blockchain technology to develop a reliable lottery platform, that enables users purchase tickets from any part of the world through cryptocurrency and goes ahead to play the game from the comfort of their home. Payments are made using theTombola cryptocurrency and prices are distributed automatically to players according to the winning reward of the lottery.

The Tombola platform provides high transparent and secured platform that initiates trust among participants, and totally eliminate manipulation within the lottery ecosystem. Winning is totally by merit/luck or based on the winning criteria, with the total market value of the gambling industry at about $51.96 billion dollars. Users are unified into one platform where they can participate in the lottery program from any part of the world.

# Why Is Tombola Blockchain Important To The Gambling Industry?

<ul>

<li>Its restore trust within gambling parties.</li>

<li>Aid transparency in the whole gambling ecosystem.</li>

<li>Highly secured from manipulation.</li>

<li>Zero transaction fees.</li>

<li> Participants can transact across borders.</li>

<li>It helps create a better sharing economy.</li>

<li>Transactions are executed almost instantly.</li>

<li>Peer to peer global transaction.</li>

</ul>

# Why Tombola Is The Game Changer

The Tombola platform is built on the EOS blockchain based on lottery and gambling services. The project is created to eliminate manipulation and provide a true and clear data on all purchased tickets, lottery numbers and the true and real winner of the lottery.

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<ul>

<li>The Tombola project resides in the EOS Blockchain and data stored on the blockchain are immutable. It cannot be changed or altered by third part so ticketing and winners are true and genuine. The rich or whales or the big players in the gambling space cannot influence the lottery winners in any form since data stored on the blockchain cannot be altered.</li>

<li>The traditional lottery ticketing requires third-party agencies to process payment with a percentage of the fund raised going to that agency or using other blockchain platforms like ethereum which incur a transaction fee. However, the Tombola platform is developed with no fee. Participant of a lottery program can participate in the lottery ticket without needing a transaction fee or third-party charges as opposed to the centralized traditional methods.</li>

<li>Periodically the Tombola team distribute incentive to their token holders. 50% of the token is distributed to all lottery and gambling games to the Tombola token Holders regularly. As an incentive for their loyal investors. </li>

</ul>

Visit the Tombola official website, join the social media communities and consult the official documents for more information about the project.

# Official Contacts

Website : https://www.tombola.io/

Whitepaper : https://www.tombola.io/tombola_whitepaper_english.pdf

Telegram : https://t.me/TBL_tombola

Bitcointalk ANN Thread : https://bitcointalk.org/index.php?topic=4459085.msg39926039#msg39926039

Medium : https://medium.com/@tombola

Twitter : https://twitter.com/TOMBOLA_COIN

Youtube : https://www.youtube.com/channel/UCb2sInJBwPLtW93cflR679g

Github : https://github.com/team-tbl-dev/Tombola-TBL

Linkedin : https://www.linkedin.com/company/tombolaico/

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<blockquote>This article is not a financial advice. Investing in ICO may be extremely risky, always remember to do your own research and consult financial and legal advisors before investing in ICOs.</blockquote>