KiboTron is a new blockchain-based online lottery platform created to solve the key problems that hampers the development of the lottery industry today.
Lotteries are a huge market with a turnover of over $320 billion a year, but this does not mean that everything is fine in this industry. On the contrary, lotteries suffer from a number of problems that harm their reputation, scare off players and slow down the market development:
● Lack of transparency. Players do not have the opportunity to make sure that the draw is indeed conducted honestly.
● Human factor. Even licensed operators cannot completely exclude the human factor, which again does not allow them to guarantee the integrity of the lottery.
● Geographical restrictions. Many lotteries restrict access to draws for residents of other countries and regions. As a result, many people are deprived of access to lotteries with a large prize fund.
● Problems with receiving winnings. Due to the complex rules for receiving prize money, which differ in each country, it may take a year or even more between the drawing and receiving money. Not to mention taxes and fees, which can exceed 50% of the prize.
As a result, it is not surprising that many potential players do not see the point in participating in the lottery: people are convinced that the game is rigged and they are guaranteed to lose their money. And even if they win, they will receive only a small part of the promised prize. But KiboTron is changing this paradigm, using the latest achievements of the Tron blockchain technology.
The use of blockchain and self-executing smart contracts allows KiboTron to completely eliminate the human factor — everything is controlled by a program that simply does not know how to “play dirty”. In addition, the open source code of smart contracts is available for everyone to see, so players can easily verify the platform’s honesty. The information about the drawings is also transparent. In fact, the only information that remains hidden from the public is the winners’ names.
The last point is an important condition for solving all possible problems with access to lotteries and receiving the money won. Absolutely anyone from anywhere in the world with Internet access can play lotteries on the KiboTron platform. And they will remain absolutely anonymous. The winnings are credited instantly and without any bureaucratic procedures or fees and taxes.
In other words, KiboTron turns lotteries into fair, simple and accessible games without “pitfalls”. But the advantages of the new blockchain platform for lotteries do not end there. Any KiboTron user can become a part of the lottery business and receive additional income.
First, 15% of the platform’s total revenue is distributed among the holders of the native KBT token.
Second, there is an affiliate program on the platform that allows you to receive bonuses from ticket purchases and winnings of your referrals.
In all cases, bonuses are credited instantly and are managed by a smart contract, so this aspect of KiboTron does not depend on the human factor and is absolutely transparent as well.
That is, KiboTron is not just a platform for fair lotteries, it is a platform where you always win, one way or another.
