KIBO - First Blockchain Lottery

[Financisto]

[...] KIBO has its own tokens - KIBIT TOKEN (KBT). [...] The smart contract will automatically make payouts of % of the whole lottery’s turnover.

@KiboPlatform
Would you mind trying to give us some example/estimative of a % of some hypothetical KIBO lottery's turnover so we can understand a little more your point?

Would you give us an in depth explanation on how that payout from turnover is managed?

[1713561817]

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[1713561817]

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[1713561817]

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[1713561817]

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[umairsaleem011]

Still waiting for detailed information about the development team. 2nd time asking.

@umairsaleem011 As for the team, we do not see a necessity to publish information about us on the website. One of the reasons why startups do this, is the need to convince the audience that this team is capable of creating the announced product. We are now running the final tests of our platform. Before the start of the ICO, anyone will be able to learn not only about the technical part of it, but also about the user interaction with KIBO. The ready work is better than any credentials - it will show the professionalism of our team by itself.Why are we running such policy?The lottery still remains a gambling project. For security reasons it would be unwise to publish photos and names of our team members on a website that will be visited by millions of people. You probably won’t find any project in this sphere that publishes such data. This is not customary in this business - for understandable reasons.This is why our team becomes less public today. But we are still open for press and we take part in many conferences. During the fisrt stage our marketing team delivered presentations on KIBO’s perspectives. We organized a lot of conferences for partners all over the world, and all of them had a possibility to get acquainted with the team and to ask any questions. We will publish parts of this material soon, and you will be able to learn about how we worked on the previous stage.

You dont get it though. You are out raising money. Anonymous people dont raise money, known people do.

Good like with your lottery idea, I really like it a lot but I dont think you are the people to pull it off primarily bassed on you wanting to stay anonymous.

I saw a good signature the other day about ico, and investing and anon devs, I dont remember it word for word but it was sorta like if you dont show your face I cant invest in your project.


If you change you mind and decide to reveal yourself let me know and i'll take a second look at investing.

[Bannedseller]

I will not invest on any Crypto project is the Dev is anonymous? How about Escrow, who is going to be?
https://steemit.com/bitcoin/@azzot88/kibolotto-is-a-scam

[Bannedseller]

Just an FYI... BURST has had a smart contract lottery that ran over 1.5 years ago, just wasn't heavily promoted.

We're in the process of setting up a better UI for it and two newer types of games.


Just sying, you're not the first to do a fully decentralized autonomous lottery.



Good luck with the project though!

man, if you dig deeper, you will find kipo is a ponzi

Need data on this.

Not data but something to go maybe deeper then this article  https://steemit.com/bitcoin/@azzot88/kibolotto-is-a-scam

[KiboPlatform]

[...] KIBO has its own tokens - KIBIT TOKEN (KBT). [...] The smart contract will automatically make payouts of % of the whole lottery’s turnover.

@KiboPlatform
Would you mind trying to give us some example/estimative of a % of some hypothetical KIBO lottery's turnover so we can understand a little more your point?

Would you give us an in depth explanation on how that payout from turnover is managed?

We think it is obvious that developing the Kibo Lotto, we expect great results (including financial). Unfortunately, we can’t provide any figures or give any promises regarding future income. It would not be fair to promise you income from the project that is still under development and hasn't been launched yet. Whatever it may be, the project is almost ready, but it is necessary to take into account that it is the experimental startup with all its risks. We hope it won’t prevent you from making your own opinion and forecast. In order for you to do so, we’ve published the detailed information about market statistics and strategy of Kibo lotto’s entering the market on our website.
As for pays out, the distribution of funds in the contract to all the tokens and platforms is made automatically immediately after players buy tickets.

[KiboPlatform]

Still waiting for detailed information about the development team. 2nd time asking.

@umairsaleem011 As for the team, we do not see a necessity to publish information about us on the website. One of the reasons why startups do this, is the need to convince the audience that this team is capable of creating the announced product. We are now running the final tests of our platform. Before the start of the ICO, anyone will be able to learn not only about the technical part of it, but also about the user interaction with KIBO. The ready work is better than any credentials - it will show the professionalism of our team by itself.Why are we running such policy?The lottery still remains a gambling project. For security reasons it would be unwise to publish photos and names of our team members on a website that will be visited by millions of people. You probably won’t find any project in this sphere that publishes such data. This is not customary in this business - for understandable reasons.This is why our team becomes less public today. But we are still open for press and we take part in many conferences. During the fisrt stage our marketing team delivered presentations on KIBO’s perspectives. We organized a lot of conferences for partners all over the world, and all of them had a possibility to get acquainted with the team and to ask any questions. We will publish parts of this material soon, and you will be able to learn about how we worked on the previous stage.

You dont get it though. You are out raising money. Anonymous people dont raise money, known people do.

Good like with your lottery idea, I really like it a lot but I dont think you are the people to pull it off primarily bassed on you wanting to stay anonymous.

I saw a good signature the other day about ico, and investing and anon devs, I dont remember it word for word but it was sorta like if you dont show your face I cant invest in your project.


If you change you mind and decide to reveal yourself let me know and i'll take a second look at investing.

We do not think that the lack of information about team members on our web site stipulates any high risk, and of course, publication of the team does not guarantee that the project will be launched and your investments will be satisfied. What is much more important are the results of work made by our team.  There are a great many of projects today, that contain information on their resources, but nevertheless, many of them are not launched and probably will never be  launched. What concerns openness of our team, it is not anonymous, during the previous stage we have conducted several hundreds of different events , where thousands of people communicated with our team members and ask them questions. We don’t consider it is reasonable to publish the information about team members on the stage of attracting large auditory. If the results of our work as a marketing strategy of the 90%-ready-to-launch product, users experiences, technical documentation and the code that will be released after the completion of the audit before the launch of the gaming platform, are not enough for you to understand that there is a very strong team behind KIBO and our intentions are serious, we do not recommend you to invest in our project. As for our faces, you can see part of our team in video at "Roadmap" section of our website about one of the big events with hundreds of people. we think it's obvious that there is no anonymity. for people who is real with their project view is more than enough.

[KiboPlatform]

10 days left till the ICO! Don't miss the start. Subscribe here: https://goo.gl/jQCm5s

[KiboPlatform]

The first decentralized smart contract-based lottery KIBO Lotto has become a general sponsor of Blockchain & Bitcoin Conference Kiev. https://goo.gl/UO2P6b

[zebulun]

Hey Guys I'm interesting in investing but want to know how the random numbers will be generated?

Vitalik says PoS is not suitable for gambling... what is the Kiboplatorm solution?

https://www.reddit.com/r/ethereum/comments/53sm8n/vitalik_pos_is_not_suitable_for_gambling/

[KiboPlatform]

Hey Guys I'm interesting in investing but want to know how the random numbers will be generated?

Vitalik says PoS is not suitable for gambling... what is the Kiboplatorm solution?

https://www.reddit.com/r/ethereum/comments/53sm8n/vitalik_pos_is_not_suitable_for_gambling/

Hey ! Let’s see what Vitalik said… Quote "In the gitter discussion the attitude to this revelation was very laid back, Vitalik "yes, so the casper randao is NOT suitable for high value gambling use cases" and others “I don't see the problem, you could just not use RANDAO for these use cases”." So as we can see Vitalik himself don’t recommend using this option for these use cases, he did not say a word about these issues can’t be sold with other method. We are surein the near future, there will be information that Vitalik’s word either unknowingly or intends is distorted, and he didn’t mean that solving this problem would be some sort of a serious problem.

at the moment during the generation of random numbers, two types of data are mixed: a large amount of data transferred by the purchase of tickets from the user and data from a special amount of blocks after the draw is finished. The draw runs only after the tickets sale stops.  As for the user data, it must not be obligatory secret, it is just being mixed in by hashing. You can find more detailed information on this and other questions in our whitepaper that is available on our homepage.
http://kiboplatform.net/_alldata/files/kibowhitepaper.pdf

[KiboPlatform]

This is smart contract MLM.
In other words, it's pyramid investment scheme.

Yes, we use viral mechanisms to attract customers, as well as Uber and Paypal. And, in fact, as well as all the current companies that are really concerned about attracting clients and understand which tools really works today. Oh my God, you've exposed us, soon the flow of money into the pyramid will end and it will collapse, what a nightmare! There are only pyramids around, and it's really scary.

[KiboPlatform]

Kibo contract code is now open access.

Friends, today we published code of some Kibo’s contracts. There is the central managing contract, which coordinates the interaction between all the other Kibo’s contracts, such as lotteries or voice contract. Registration of new users, purchase of lottery tickets and implementation of decisions taken in the voice contract happens by referring to the manager contract.
Along with central contract we published the storage contract, which is designed to store user data, franchise partners and their relationships.
The principles of operation of these contracts are described in our whitepaper. We did this so you can get acquainted with a part of done work until we finish complete audit of all contracts for security and open access to them. Note that fragments of contracts code of certain lotteries you can find in our whitepaper, for example the random number generator. We plan to complete the audit of all contracts in the 4th quarter of 2016 and publish them in open access before start of KiboLotto.

https://github.com/alfredwoooden/kibo_central

[KiboPlatform]

We begin registration on KIBO Platform

Only 2 days left till the start of Kibo ICO, which is planned on 1st October. 
Today we are pleased to report that the pre-registration stage is launched, and from now on you can already buy your own Kibo Lotto Platform.
Carrying out the crowdsale — is the solution of several problems.
The purpose of the issue and sale of tokens KBT is to accumulate funds for promotion start and to form a prize fund for the organization of first free drawings, as a tool to attract users and familiarize them with the advantages of the platform. This powerful tool will be used by all of the owners of a Kibo Platform decentralised affiliates network.
KBT tokens sale will start on 1 October.
Today we begin a preliminary phase of the ICO — it’s an opportunity to get acquainted with back office simple functional and to buy one of the 17,500 KIBO Platform right now. 
Distribution of KIBO Platform — is the second most important task of Kibo ICO.
What is KIBO Platform?
It’s your own ready-to-use lottery. It’s a decentralized gambling platform with an intuitive interface in 14 languages, with a number of 
unique advantages over existing players on the market. KIBO Platform — is complete solution with a kit of marketing tools to attract customers to your platform. 
The affiliate program terms and conditions incorporated in the KIBO software allow a platform owner to generate income from several sources.
1- Income from tickets sold
By using the power of start promotion and attraction of new players on your platform you can gain your clients base and always get 10% of each lottery ticket purchased on your platform by all users down to level 5.
2- Building your own network of KIBO affiliates
By taking part in advancing the KIBO concept during the pre-sale stage, you can create your own international network of KIBO Lotto affiliates.
All KIBO platforms that are purchased through your referral will be regularly chalked up to you in the contract and will become affiliates of your lotto network. After the launch you will receive 10% of the profit from the customer base generated from each such affiliate down to level 7.
KIBO Platform — is limited offer. In ICO stage only 17,500 platforms will be distributed, they then will become the base for launching first global decentralised KIBO lottery.
The price of KIBO Platform software is only 10ETH.
Potential profitability of Platform varies depending on which period of ICO you made the purchase.
Terms of sale can be found on our website: http://kiboplatform.net/

[EpyxZ]

We begin registration on KIBO Platform

Only 2 days left till the start of Kibo ICO, which is planned on 1st October.
Today we are pleased to report that the pre-registration stage is launched, and from now on you can already buy your own Kibo Lotto Platform.
Carrying out the crowdsale — is the solution of several problems.
The purpose of the issue and sale of tokens KBT is to accumulate funds for promotion start and to form a prize fund for the organization of first free drawings, as a tool to attract users and familiarize them with the advantages of the platform. This powerful tool will be used by all of the owners of a Kibo Platform decentralised affiliates network.
KBT tokens sale will start on 1 October.
Today we begin a preliminary phase of the ICO — it’s an opportunity to get acquainted with back office simple functional and to buy one of the 17,500 KIBO Platform right now.
Distribution of KIBO Platform — is the second most important task of Kibo ICO.
What is KIBO Platform?
It’s your own ready-to-use lottery. It’s a decentralized gambling platform with an intuitive interface in 14 languages, with a number of
unique advantages over existing players on the market. KIBO Platform — is complete solution with a kit of marketing tools to attract customers to your platform.
The affiliate program terms and conditions incorporated in the KIBO software allow a platform owner to generate income from several sources.
1- Income from tickets sold
By using the power of start promotion and attraction of new players on your platform you can gain your clients base and always get 10% of each lottery ticket purchased on your platform by all users down to level 5.
2- Building your own network of KIBO affiliates
By taking part in advancing the KIBO concept during the pre-sale stage, you can create your own international network of KIBO Lotto affiliates.
All KIBO platforms that are purchased through your referral will be regularly chalked up to you in the contract and will become affiliates of your lotto network. After the launch you will receive 10% of the profit from the customer base generated from each such affiliate down to level 7.
KIBO Platform — is limited offer. In ICO stage only 17,500 platforms will be distributed, they then will become the base for launching first global decentralised KIBO lottery.
The price of KIBO Platform software is only 10ETH.
Potential profitability of Platform varies depending on which period of ICO you made the purchase.
Terms of sale can be found on our website: http://kiboplatform.net/

2 days away. Glad to see this about to lift off.

Do hate the forced wait WARNING page when registering though, add an X or close option.

Site looks good, registered and logged in easy

[someone111]

Any way to participate with less than 100 ETH? Throwing 100 ETH at anonymous people is a bit too risky for me.

[KiboPlatform]

A few hours ago the start of Kibo tokes sale was launched. Join the revolution in the lotto market: https://kiboplatform.net

[lsqgoddess]

No bounty? The balance is very big there, you have raised so much money?

[KiboPlatform]

Any way to participate with less than 100 ETH? Throwing 100 ETH at anonymous people is a bit too risky for me.

Guys, we don’t understand what kind of anonymity you’re talking about, we’ve explained why we don’t publish information on our website. For objective reasons related to the field of gambling. We have repeatedly answered this question on our Slack channel. The team are completely not anonymous, we visited more than one conference. We have organised our own conferences, there is some video of it on our website https://www.youtube.com/watch?v=UqQl6FKysQQ. We also organize online webinars, here is a link to our last webinar for Russian-speaking partners, that was attended by nearly a thousand first-stage platform owners https://www.youtube.com/watch?v=itqD5o2Yfrc (on one of the unofficial channels). Here is a link to the speaker, he is one of Kibo team members https://vk.com/andreymiller11. If wanted, this information can be found by anyone, but apparently there is no such here.

[KiboPlatform]

No bounty? The balance is very big there, you have raised so much money?

In fact you didn’t carefully explore our model.
Our offer is much more interesting than just a token.
Everyone who is involved in making it via their referral link. Everyone who purchase a platform from your recommendation are assigned to you as your affiliated lotto branch. And you will receive 10% of their income after the game platform start. This is a lot more money than if you get 2% from a 10ETH purchase of a platform in the form of tokens.

Yes, and we have only begun to raise funds

[Rkana]

Im interested in this Project and already invested some ETH but I read some people complaining abt the Dev Team being anonymous.
How can you convince investors or make your project legit of no one from your Team can do an interview or something like that.
Also is it possible to buy more than one Kibo Platform Token? Im not talking abt KIBIT Tokens.
And I read also there are 350M KBT in Total and only 100M for the ICO so how will the rest be distributed?

Thank you and waiting for your reply.