Tombola is looking very likely to succeed, it is amazing how the project is full of too many dedicated Chinese people and it is clearly evident that projects driven by Chinese teammates really fare better in most cases than most other ones on the blockchain. Am still going through their whitepaper for more details. From what I've seen so far, it is a cool project.
A quick look at whitepaper for us was enough to stay away and ask lots of questions team doesnt want to answer regarding regulation concerns. Seems they want to pretend they don't need to worry about the laws.... so never seemed worth investors puting $22 million in to find out the regulation will be problem.
© 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.