DDoS attack on Ethereum network hampers Kibo ICO
Kibo ICO started on October 1st and unfortunately hit the peak of DDoS attack activity on Ethereum network. During 2 weeks of sales, we were able to work in a stable network for just 2 days. The rest of the time we receive a lot of messages about the impossibility to purchase a platform or Kibo tokens due to delays and cancellations of transactions in the Ethereum network. Despite the fact that weve already received the minimum amount required for the launch of Kibo Platform, the situation around Ethereum network tremendously affects the sales results. A large number of users werent able to join Kibo in the most favorable terms of the first days of ICO. Throughout the sales period weve been receiving many messages in our support on a daily basis, including the last 2 days when Ethereum network almost completely stopped processing transactions and allowed only a couple payments to proceed into our contract. Unfortunately, Kibo team cant affect the current situation in any way, and is forced to just wait when Etereum team solve this issue. It was an unpleasant surprise not only for us but for the whole Ethereum community and certainly be a lesson that will benefit a development of technology in general.
Despite the unforeseen difficulties and that the major part of users werent able to make a purchase because of DDoS attacks, we were able to reach a minimum ICO goal and exceed the mark of 3 million dollars and 5,000 platform owners around the world on the 15th day of sales. This indicates a high interest in Kibo; we thank everyone for their confidence and support.
Of course we are disappointed by the fact that a large number of users from around the world were unable to join us due to the problems with Ethereum network. Were watching the progress on this issue and we hope that Ethereum team will be able to solve it soon. Hard Fork of the network is scheduled on 1718 October, after that the network itself and Kibos contract will operate as usual.
All the transactions, that are hung in the network due to DDoS attacks and havent been proceed by Kibos contract in form of tokens or purchased platforms in cabinets, will be displayed as soon as the update of Ethereum network happens and it is immune to DDoS attacks. We hope that this will happen on Tuesday, and we can continue our ICO.
Sincerely, Kibo team.