KIBO developers team is announcing the start of the first decentralized online lottery based on smart-contracts of Ethereum
Welcome, dear friends!
We would like to introduce KIBO Project to the blockchain society. KIBO is the first decentralizes online lottery based on smart-contracts of Ethereum.
A few words about KIBO.
First of all, KIBO is the new generation of a well-known social game — the Lottery.
We were inspired with blockchain technology and its opportunities, such as safety, transparency and new ways of users’ interaction on “code is the law” principle. We started developing KIBO platform in June,2015. When we joined the efforts of our team we saw the changes we can bring to the most popular social game in the world.
LOTTO today is
Practically every country today has its own national or commercial lotteries. Lottery is the favourite entertainment with the largest market turnover among other social games in the world.
On average, every second person in every developed plays lotteries on a regular basis. Regardless such popularity, the game still has several important drawbacks that worry every player.
KIBO is based on a distributed database of Etherium computer.
The main goal of KIBO developers is to bring the first global international lottery to the market. The lottery which has no main drawbacks that players all over the world face today.
Full transparency and fair play guarantee
The players today have no ways to check the fairness of the drawn so they have to take it on trust. You never know their intentions, but there is no need to trust the organizers of the lotteries any more. Blockchain technology in KIBO allows eliminating any cheating with the results of the drawn. Smart contracts provide full transparency of the inside processes and guarantee 100% fair play.
Access to the game in any part of the world
Using new forms of electronic money like Bitcoin, Ethereum and other crypto-currencies we managed to make a truly global access to the online lottery. KIBO is the first international lottery in which even those from countries with no banking system can participate. Having Internet access is enough to play.
Instant pay-outs of any amount
The pay-out process in the lotteries of different countries can take up to several years accompanied by commissions of various kind. KIBO changes the pay-pout time. Winning in KIBO Lotto, you immediately get the prize of any amount transferred to your smartphone to any place on the Earth.
By excluding the disadvantages of the traditional games, we got the platform that brings the lottery market to another new level.
Decentralisation and development
The launch of KIBO is based on a simultaneous start of several thousands of independent KIBO units all over the world that are connected with a universal gaming platform. KIBO is built according to the principle of a new form of decentralized organizations. This means there is no single tech center that could knock the whole platform out of service if it breaks down. For the first time social games can develop as a collective ownership.
KIBO is a platform anyone can join on the start and set up his/her own lottery in one click.
How will the world know about Kibo?
The main problem for products or services today is to attract a wide audience at the start. Keeping that in mind, we made the solution of this problem the top priority from the very beginning.
Apart from working on the code, we have invested much time and effort into marketing. We did a great job promoting KIBO conception all over the world. Today we have partners from more than 20 countries, including China, the Great Britain, the USA, Brazil, Australia, Russia, Spain, Portugal, India.
Over 2500 people will take part in the launch of the project as owners of the platforms. These are entrepreneurs that are highly interested in the financial success of our project. These people share our ideology and believe in KIBO’s great prospects.
In the framework of the first business development activities we have already managed to collect 94538 ETH ( account: 0x38355ab2667eD167CaDcD132603bc6236c8295de [http://etherscan.io/address/0x38355ab2667eD167CaDcD132603bc6236c8295de]) that we are going to spend on KIBO’s realization and on the first marketing campaigns. The goal of our promo activities is to help the owners of the platform to quickly attract their first and standing customers. This will undoubtedly become a powerful impulse for the growth of KIBO audience all over the world.
KIBO growth is based on the idea of rewards for every client who attracts new users to the platform. Using the system of recommendations, the player can highly improve his/her winning chances. The platform automatically encourages the client by paying him/her a share of prize of those players that he/she has attracted. A single recommendation allows you to constantly receive shares of prizes of every player you have invited.
After testing this mechanism on KIBO owners’ network in January 2016, we got overwhelming results that overcame all our expectations. This makes us look positively on the future start of the platform.
What is next?
In Autumn we plan to start the crowdsale of KIBO tokens. By this we want to attract additional funds for the growth, development and realization of the marketing strategy. Another pre-sale major task is to give anyone interested the possibility to join KIBO and to launch his/her own lottery on the basis of the united decentralized platform. By expanding the network , we plan to make our platform even more decentralized . We are willing to broaden the geography of our partners and clients to enter new markets as soon as possible. The process of KIBO tech development has entered its final stage. Now we are running tests and refining the source code.
This Autumn we plan to finish the final test and to launch KIBO gaming platform for the first users who share the ideas of honesty, transparency, accessibility and anonymity, just like us.
We will soon present the technical documentation for you to learn more about KIBO concept.
Join our social media, follow our news on #facebook (KIBOPlatformOfficial) and #twitter (@KiboPlatform). Read our blog #Medium (@kiboproject) and ask your questions here right after you finish reading this post.
Stay connected and good luck!
