I started to get acquainted with Tombola White Paper today. My first impression is that this is a competent and interesting document, which contains many useful technical details.
You don't think there is missing information that investors would need to know before investing? We think there are far too many risks with the vague plan the team provided as a whitepaper and dont see how it will ever be profitable. Already mentioned earlier...
© tombola Ltd. 2005 - 2018, operated by tombola (International) Plc
People in west protect their brands. If someone try Tombola token, it confuses people what it is. Good luck though.
Why so hard to explain how the legislation in every country for lotteries will be handled?
Why does whitepaper have inflated revenue estimates of $8 billion for FortuneJack....does anyone believe FortuneJack makes that?
Every country does not support same law and its variant and also has own Provision.
FortuneJack just example
American states it is
felony if you offer even a raffle, they call that an illegal lottery.
http://www.wtxl.com/news/state-attorney-candidate-arrested-on-two-felonies/article_75846736-9ad9-11e8-9f36-83d884826a5e.htmlMalta wont allow it
http://www.independent.com.mt/articles/2018-07-17/local-news/Man-given-jail-term-after-admitting-organisation-of-illegal-lottery-6736193585Philippines
http://newsinfo.inquirer.net/1010309/15-nabbed-for-taking-part-in-illegal-lottery-in-quezonChina arrest over 500 people for world cup
http://www.dailymail.co.uk/sciencetech/article-5946107/Over-540-arrested-China-online-football-gambling.htmlMalaysia
https://www.thestar.com.my/news/nation/2018/07/20/over-20000-arrested-for-illegal-gambling-nationwide/"This year, between January and July, we have detained 32 suspects connected to online gambling, illegal lottery, illegal gambling and bookies," he said, adding that last year, 34 suspects were detained.
"Illegal gambling is not only a plague on society but also invites negative perception towards the police, who are seen as the sole agency responsible for combating this menace," he said.
India
https://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/four-arrested-for-selling-lottery-tickets/article24517009.eceTombola needs to be more up front about WHERE you will offer lottery and what has been done to ensure it is LEGAL in those countries. If launching worldwide, people will ask government regulators in every country to find whoever is offering illegal lottery in countries and make them stop.
And the FortuneJack example may as well be a Trillion dollar revenue estimate? Whitepaper just makes up numbers for revenue, there is no basis in reality that FortuneJack makes $8 billion. So investors get no idea how much your team expects to earn when entering markets with new product on EOS.
Is this international gambling play? what kind of game do you offer for this? I just need some information regarding your project which is can I see full detaila. Thanks.
Guys, I believe, that everyone who is interested in project must read Whitepaper, after all, without this it is impossible to understand the idea. Moreover, it is presented in different languages, it is very convenient.
The whitepaper is fluff, no substance. Even after reading very important details are just not there for investors to know how they actually earn money.
