The first KIBIT price change tonight !

KIBO Platform
4 min readOct 4, 2016

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Tonight at 1 AM GMT the price of KIBIT will increase by 20%. Once this happens, for 100ETH you can buy 4000 KIBIT, instead of 5000 KIBIT as it is now.

We want to share with you some of the assumptions on what KIBIT can give you KIBIT if you own them. If you’re interesting in this question, this article is for you.

After KIBO Platform launch tokens KIBIT will bring daily and mathematically clear income to its owner. The cost of such token on the market is made not only from income, but from a variety of factors, one of which is the platform development potential and possible ways to monetize the audience.

The cost of companies is formed from the way their audience can be monetized in the future. The most famous example is Facebook, which, just a few years ago, stopped operating at a loss and now brings in about $6 billion of net profit per year, while the total value of Facebook shares is now about $310 billion. This example shows that the share value of a company that is developing on a promising market can be 50 times more than its annual income. This is only one example, of which there are many.

Smart contract technology has made it possible to offer a product to the $286 billion annual turnover lottery market that is head and shoulders above what is currently available. In case of successful development, KIBO LOTTO will have the opportunity to get not just an audience with clear monetization. We have reason to believe that we can get the largest audience to date with the experience of using cryptocurrency. This opens up huge opportunities for further development. This assumption is based on the results of preliminary tests that within 7 days allowed us to increase the audience ten-fold. You can easily calculate what audience the platform can get in the first months if several thousand partners attract just a few hundred clients to their platforms, which will start a fast growth.

Of course KIBO LOTTO does not claim the whole lotto market, but it should be noted that KIBO is the first international lottery offering such advantages and already has 3,500 affiliates all over the world. Number of affiliates is increasing during the ICO. Each of these affiliates has a direct financial interest in developing their client base as soon as KIBO LOTTO starts. I am not talking about investors, but affiliates who are all ready, from the start, to use their experience and the powerful marketing tools provided by the company, which I think you already know about.

Today, we see no reason why KIBO cannot become one of the biggest international lotteries in the new emerging market.

It is clear that it has great development potential. It is also clear that, over time, the lottery market will go online, so cryptocurrency and KIBO LOTTO launch will add to its momentum. This is already happening in the gaming industry and beyond. If we had not set ourselves the task of becoming a leader in this field, the KIBO project would not exist.

Let’s get back to figures

What if KIBO LOTTO has a turnover of 2% of the lotto market in the future? This would mean that the investor would receive the amount he/she has invested in the form of monthly income and the value of his/her shares would be ten or hundred times greater than the investment. We also accept such a scenario.

Today we offer a product with clear market launch mechanisms and a ready-made basis for its implementation. A referral system with a weaker motivation allowed companies such as UBER to get a huge market share in its niche within a short period of time. This percentage is much higher than 2%. We see no reason why we cannot try to get a similar effect on an empty market using an obviously working development model. If this happens, the income per purchased KIBIT could pleasantly surprise even the bravest optimists.

Nobody is saying that tomorrow the KIBIT cost will increase 100-fold, we will see the results later. Of course it’s only an assumption and it isn’t in any way guarantee. But you can admit that this assumption has a clear logic and enough reserved prognosis. In the end, every one of you can make your own forecasts and the results we will know after KIBO launch. We can only add that large team of professionals is working on KIBO project and we are confident in the success of KIBO LOTTO.

Meanwhile, our ICO continues, and tonight will be the first increase in KIBO tokens by 20%. If you are considering KIBIT purchase, remember this.

https://kiboplatform.net

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KIBO Platform

The first decentralized gaming platform based on Ethereum smart contracts.