Blockchain could revolutionize the lottery
Kibo has the potential to make an impact on the lotto industry, bringing a new user experience on a global scale, by using blockchain technology. Over the past months, Kibo has focused on several tasks, one of which was the search for possible ways to optimize contracts, as well as in-depth study of all existing technologies at different stages of development for possible application of them for launching Kibo, without the need to wait for a scalability solution from the Ethereum team.
The Kibo project is a distributed network of independent affiliates, the working conditions of which, along with the entire game process, are guaranteed by the smart contract. This allows affiliate owners to organize traffic of potential players without the fear that it may be deprived of this audience by the resource owner request, and that is one of the most passionate issues for any affiliate partner in gambling. Also, he or she does not have to fear blocking or changing in commissions from each ticket sold, since all the conditions for owning the platform, including charging commissions, are registered in the smart contact and can’t be changed. All this greatly increases the loyalty of Kibo partners, which in turn will contribute to the rapid growth of game base.
Today the company has managed to make significant progress on this issue.
However, Kibo’s network’s capabilities don’t allow them to launch a global promo and even accept a few hundred thousand users due to a scalability issue within the Ethereum team and as a result the company does not know how long it will take to solve this problem.
Based on the current situation, Kibo states that they can not predict the exact date for a large-scale launch of the platform and have therefore decided to take an unprecedented step and do the following:
For example, this means that if you spent $500 to purchase tokens or platform, then, according to the distribution plan, you will be credited with $1000. The distribution plan does not in any way affect the further development of Kibo.
The Kibo team has been open and transparent about their company and their development and this can be a good step for the platform, which also undoubtedly demonstrates confidence in their future launch.