KIBO development team announces the launch of the first decentralized online lottery based on Ethereum smart contracts.

 

We are glad to welcome you friends!

Today we are launching our Medium blog, where we will publish news and key events in the development stages of KIBO. Within a few weeks we will launch our new website and publish the whitepaper with the details about the KIBO Platform concept and the results for all comers.Today we want to tell you about the idea of ​​the whole project, before we continue.We’ve started the development of the KIBO Platform in June 2015, by joining forces of our team and being inspired by the capabilities of blokchein technology and smart contracts, we saw an opportunity to bring the global changes in the most popular social and entertaining game on the ground.

What is the lottery today?

Up to date, almost every country has its own national and commercial lottery. Lottery is a favorite national pastime, and ranks the first in market volume, including entertaining social games around the world.On average, more than every second resident of the developed countries plays bingo on a regular basis. Despite this popularity, there is still a number of very important shortcomings that concerned to every player in this game.The main goal, which poses a team of KIBO developers — is bringing to market the first international lottery, which eliminates all the weaknesses of the most popular social games in the world. Opacity of drawings,the limited availability, long payment of prizes, accompanied by large commissions and fees in different countries.At the heart of the KIBO is distributed blockchain database of the Ethereum computer. That have made it possible to create the first decentralized lottery, and exclude all of the major disadvantages with which have to face the players around the world today.

Fully transparent platform and a 100% guarantee of the integrity of the game

Now there is no need to trust the organizers of the lottery, whose intentions is impossible to predict. Blockchain technology underlying the KIBO can completely eliminate the cheating with the results of the draw. Smart contracts provide full transparency of all processes, taking place within the platform and guarantees 100% fair play.

Access to the game from anywhere in the world

Using the new forms of electronic money, such as Bitcoin, Ether and other stable cryptocurrencies, the first time we were able to make an access to the online lottery is truly global. KIBO is the first international lottery, in which can easily take part even the representatives of those countries, where there is no banking infrastructure. It is enough to have an access to the Internet.

Instant paymants of any amounts

Instant payments of any bonus payouts in lotteries in different countries may take up to several years today, and are accompanied by all sorts of commissions. KIBO changes payout speed. Now winning the KIBO Lotto, you instantly get a prize of any size, anywhere in the world directly to your cell phone in a couple of minutes right after drawing.By eliminating all the drawbacks, we have a platform, that displays the lottery market to the next level of evolution.

Decetralizing and development

At the heart of the launch the KIBO Lotto is underlying a one-time start of several thousand independent KIBO affiliates worldwide, united by unified gaming platform. This is opened up the first time the possibility of social gaming — by type of collective ownership.

The KIBO is the platform on the basis of which everyone will be able to join at the start and one-click to run their own lotteries.

Today, the main problem for any service or product is to attract a large audience at the start of the project. Clearly realizing this problem and starting the work on Kibo — one of our priorities was the decision of this problem.

Starting our journey in addition to work under the code, in preparation to the upcoming launch we have launched a marketing component, and did a great job on the popularization of the concept of the launch of the KIBO Platform according to this world. Today we have supporters in more than 20 countries, including China, UK, USA, Brazil, Australia, Russia, Spain, Portugal and India. The number of the KIBO Platform owners, who is already take part in the launch, are more than 2500 persons. These are people, who have a direct financial interest and share with us the ideology and outlook of the KIBO.

Within the gated development, we have managed to raise the first raund of the investments in the amount of 94538 ETH (purse:0xe0535bd89676e254ea80c987082afb597a7fdde9) for the implementation of the KIBO and launching the promotion, which aims — a quick set of customers for each platform owner, which certainly contribute to the growth of the global audience of the KIBO.

We have also laid the basis for the development of the powerful idea of the KIBO for rewards of ​​each customer, which allows recommending the KIBO Lotto and greatly increases your chances of winning. The system itself encourWeKiges a user to a share of the winnings newly attracted users. One time a recommendation will give the opportunity to receive a share of prizes on a regular basis by each invited player. After testing the instrument in January 2016, using the existing network owners of the KIBO platforms, we have received results that exceeded our expectations, giving us reason to be optimistic about the upcoming launch platform.

In late August, we plan to stage public distribution of tokens of the KIBO, in order to attract additional funds to scale, developing and implementing marketing strategy. As one of the main tasks presale — to enable all who wish to join, who wants to take part in the launch of the KIBO and to launch its own lottery, based on a single decentralized KIBO platform. Increasing the number of branches, we plan to achieve even greater decentralization and significantly expand the geography of supporters of the KIBO for fast time to market. We are at the final stage of development and the corresponding interface is already running. Now comes the testing and refinement of our code.

We plan to complete the tests and full functionality by the end of the August and to open the KIBO platform for users to paly first, who as we value integrity, transparency, accessibility and anonymity in the Autumn of 2016.

In the coming weeks we will launch our new website and provide the whitepaper so that any interested person could familiarize themselves with the concept of the KIBO and the results of the work have done.

Full version will open when the platform will be posted at the time of launch of the ICO.

Join our social media and follow the latest KIBO news #facebook (KIBOPlatformOfficial) and #twitter (@KiboPlatform). 

Read our blog #Medium (@kiboproject) and ask your questions here below the post.

Wish you good vibes.

Stay tunned.