In August, on the official Kibo blog, we published detailed report, in which we summarized the results of all the work done. We shared our plans for the near future and told about what unsolved issues in Ethereum technology today are constraints to the Kibo launch and to many other projects based on Ethereum smart contracts.

Undoubtedly, KIBO has a huge potential to make a significant impact on the lotto industry, bringing a new user experience on a global scale, but the blockchain technology, which is the foundation of the platform, is still in the era of development, which significantly limits the ability of developers to launch full-fledged products that are able to handle millions or even hundreds of thousands of transactions.

Over the past months, our team 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 scalability solution from the Ethereum team.

Today we managed to make significant progress on this issue.

Our team designed a new solution that in preliminary tests allowed to significantly reduce gas costs of Kibo contracts, which can become a solution that will allow the platform to launch in the current network conditions and accept the first users.

Now we are focused on refactoring the code and implementing this concept, we plan to complete this works by the end of this year — beginning of the next year. If we don’t encounter unforeseen obstacles in the testing process, we’re planning to report the results of this work and seek to launch the first version of Kibo, which will be able to accept a limited number of users, in the first quarter of 2018.

But despite all the measures we take, the network’s capabilities don’t allow us to launch a global promo and accept even a few hundred thousand users before solution of scalability issue from the Ethereum team. Today we can’t tell how long it will take to solve this problem. Different dates are named — from six months and more. We, of course, will hope that the issue will be solved sooner, but it must be understood that the everything can happens and these are the common problems of the entire blockchain industry.

Based on the current situation, where we can’t predict the exact date for a large-scale launch of the platform because of reasons independent of us, already a long wait for a big launch may still lasts indefinite period of time, our team decided to take an unprecedented step and do the following:

We decided to distribute some of the funds belonging to the team among all our partners.

From November 30 we are launching a plan for distribution of funds to all our partners, including KiboPlatform owners, in an amount of investments in US dollars at the time of the ICO with an additional double-rate charge.

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. As we already mentioned earlier, large team is working on the project, and in the coming months we will publish a lot of news. In the same way, this distribution is by no means a purchase of tokens or platforms from their owners. All tokens and platforms in full and without any changes will remain to the current owners.

All funds will be distributed exclusively because of the personal consideration of the team from the Kibo’s marketing fund.

Thanks to the right actions on the attracted funds in the early stages, today we have such an opportunity and we can afford to take such step without significant damage to the further development of the project.

The decision to distribute part of the funds belonging to the team was made solely from the personal considerations of the team that is working on the project, so that our investors can wait until the launch of the platform, starting from today, with no more financial risks for themselves. And what’s more — get a real benefit right now from the fact that a year ago you decided to support the idea of Kibo.

And of course, we see this as the best opportunity to thank all those who supported us in the beginning of the road and continue to support, despite the fact that we have faced problems, solution of which doesn’t depend on our team.

The total amount of distributed funds will be about $ 13 million.

For this purpose, part of our prize fund will be used.

The rest promo funds will be placed on the open wallets of the team, where they will remain before the actual launch of the platform, which will be accompanied by an unprecedented for the entire gaming industry multi-million-dollar promo.



Together with the implementation of the plan for the distribution of funds, we begin to verify all users of the platform.

To date, KYC has become not only a common practice for large ICOs, but it is an obligatory procedure on all major crypto-currency exchanges.

By conducting the verification of users, we not only strive to meet the requirements of KYC/AML, but also make an important step in the implementation of several tasks at once.

● To date, many large exchanges requires KYC.
● KYC is necessary to comply with the rules of issuance of gaming license.
● And of course, it is important that this procedure is necessary in order to establish further cooperation with the bank in the legal justification of the revenue for each owner of the platform and holders of Kibo tokens in the future.

Considering all of the above, the role of KYC passing is of great importance for solving many tasks related to the future development of the platform. Including: the passage of verification will be an integral step in the process of distributing funds, in order to avoid controversial situations.

The procedure is implemented as simply as possible and will not be different from the usual forms of identity verification, which is carried out by the vast majority of services that Internet users face every day.

For these purposes, we have created a special resource that will allow you to step through all the necessary steps, including creating a new wallet **that will be your main and only wallet** in the back-office of KiboPlatform after the platform is updated.

On this wallet your tokens will be credited after contract update, as well as all the revenues you will receive in the future.

In order to fill in the application for distribution, go to this address https://reg.kiboplatform.net; use your login and password from kiboplatform.net to log in. Be very careful and follow the instructions, if you lose your password from a new wallet, you will never get access to the funds credited during distribution period and will forever lose access to your future income from KiboPlatform.

We hope that we will implement the plan for distribution of funds in the shortest possible time.

Application for distribution of funds can be submitted no later than December 20.

After that, the funds will not be distributed anymore and we will proceed to the next step of preparing listing of Kibo tokens to the free market, with access to open trades on several exchanges.

To date, we are negotiating with several trading platforms and we already have preliminary agreements. More accurate release dates and names of exchanges we will report on our blog just before listing.

KIBO team

Friends hello to all, once again would like to remind you that we don't support this topic in bitcointalk and don't answer questions here. We don't have the ability to moderate this topic and we are tired of responding to trolls whose goal is not to get info about the project and every our answer is commented on by absolutely inadequate negativity. If you are interested in our project development, for this we have other official channels including Telegram: https://t.me/joinchat/C8o-Z0OMRAjfqPJhaG5Ppg
Please join, we will be glad to see you there.
We're sharing the last post bout the completion of the main works.
Once again, thank you all.


Having presented the concept of the decentralised Kibo gaming platform a bit more than a year ago, we have become the first project in the world in the sphere of gaming industry that announced a decision of making Ethereum smart contracts technology a basis for all gaming processes. It was obvious that the task that we had set for ourselves would require many solutions which none of us had ever faced before. Nevertheless, our team’s previous experience and a huge potential that we saw in Kibo made us understand and be sure that we had had everything to realise the unique opportunity. Having been inspired by this idea, we set out to a fascinating journey in order to become the first gaming platform on a multibillion market that was able to introduce such an essential solution to eliminate all flaws of the industry for hundreds million users who played lottery all over the world.
At present, after months of intense work and carrying out of numerous tests in the Ethereum net in July and August, which were carried out with the help of more than 1,000 KiboPlatform owners we have almost finished preparation of the Kibo platform launching.
In this post, we would like to tell you in detail about results of our work, further plans, what is necessary to launch the platform in the real net and certainly about what is the Kibo platform today.

Today’s the KIBO PLATFORM

So, let’s have a closer look at the details of what the Kibo platform is today. Our team made a significant amount of work to form the logics of lottery functioning on the basis of the Ethereum smart contracts and to elaborate scalable backend and efficient interface of the application. Kibo infrastructure totals to 16 contracts combined into the unified working mechanism, which ensures completely decentralised work of a client, partner and administrative parts.
You can study the history of the proxy contract’s operations within the recently finished test at the address below:
https://ropsten.io/txs?a=0x550e6f7e59dc9b5fe28b627ca3ffc996756aadae

To ensure all participants’ convenience in using the platform, each of them is offered a special access type, through which the contract interaction is carried out. The participants types are
● Client.
● Partner.
● Holder of a managing token.
● Platform administration.
● Client solutions service.
The client interacts with the platform through the Kibo lotto gaming interface. Each game is a group of contracts which are regulated by internal rules and rules that are specified in the core of the platform. The current version contains four games that are completely implemented and connected to the core. Their format is one of the most popular in the lottery world. These games imply everyday instant drawings. Since the platform contains games of various characteristics and individual time interval, winning numbers for each of them are assigned by two specially developed random numbers generators.
Execution of absolutely all operations at the platform is ensured by the smart contracts, which completely excludes a possibility of external intervention to any game process.
It ensures completely transparent and 100% honest lottery game with instant payments of winnings of any size at any part of the word where there is an internet connection.

Video



Partner
KiboPlatform — with a convenient control panel, each partner gets all necessary tools for developing his own lotto, along with data analysis on clients, attracted to his platform, and a number of tickets bought by them. The planform’s interface allows monitoring statistics of token income owned by the partner. All main transactions in the account have a direct link to the blockchain operation and are fully transparent for the platform owner. As the terms of all partner’s incomes generation are established in a smart contract, it ensures the most transparent working conditions and an opportunity to receive a stable income from cooperation with an operator in the gaming industry.
Since Kibo requires administering of issues like ticket cost, drawing interval, promo campaigns management, and enabling of additional games, we created two access levels to deal with those issues.
The platform is managed by managing and administrative tokens by means of voting for this or that decision build into the contract. At this stage, two types of tokens are owned by the Kibo team and all decisions are made by voting at the discretion of the team.
1. Managing tokens are entitled to participate in voting on all issues build in the platform, including a possibility to manage administrative tokens. With the platform’s development, we are intended to distribute managing tokens between the partners, should we understand that it does not harm the speed and quality of planform management.
2. Administrative tokens are created to solve current issues related to everyday maintenance of the platform and can affect a limited number of issues. The list of issues permissible for voting includes, for example, control of a ticket price or drawing interval, but, for example, a possibility to affect minimal guaranteed winning sum is available only for managing tokens.
It is implemented to have a possibility of giving administrative token to a workgroup for everyday maintenance of the platform without affecting strategic decisions on Kibo development.
Smart contract architecture and platform management system are organised in a way to secure the balance between absence of possibility to influence the gaming process and inbuilt award system and, at the same time, saving the possibility of the platform’s further development. This means that there is a number of parameters inbuilt in the contract that cannot be altered by anyone and their execution is ensured by a smart contract.
Inbuilt parameters imply
● the whole process of ticket purchasing and conditions of distribution of sales revenue,
● generation of random numbers and distribution of winnings among the winners,
● registration of a client or partner upon his/her link forever guarantees that this client is assigned to exactly this partner,
● size of a winning from a game with friends,
● number of gamers’ levels available for obtainment, or
● size of income and all accruals from sold tickets for owners of the KiboPlatform.
These are only some parameters that have a fixed value in the contract and are inalterable. Exactly because of inalterability of such elements we have been preparing a release of the platform to the market that offers the most honest and transparent game from existing today, as well as the most stable and transparent partnership conditions for affiliate partners.
In order to let everyone appreciate the development pace and total amount of work done, we created the http://kibodev.io web-site, on which main process characterising metrics are displayed. Later we are planning to make this web-site the centre of developer’s, tester’s and other specialist’s community, who participate or want to participate in the process. At the present moment, the web-site is in the process of launching and active filling with data, therefore, within the first week after launch the metrics will be not exact and full.
Access to the smart contract code at GitHub will be opened right after the launch of the system in the real net.

What restrains the launch of Kibo
Today Kibo is far from being the only project the launch of which is restrained by the Ethereum platform. The issue of the gas price and number of currently available transactions in the net creates significant limitations and makes many projects economically unattractive.
One of the problems is that the Ethereum does not take in account that the gas price is high if expressed in fiat currency and has been rapidly growing for more than a year together with the price of ETH.
Earlier many teams were addressing this problem. For example, ethlance.com, a freelance service, announced problems related to the cost of registration with the contract, which at the present moment amounts to almost $4. It is obvious that for most projects, including Kibo, it is not an acceptable price, since the registration and ticket purchasing costs cannot exceed the cost of one ticket, the price of which is about $1.
It is possible that the problem of the gas price will be solved together with the beginning of the PoS era and implementation of the CASPER protocol. The first step of this process is planned to be taken in the end of September 2017. However, it is not clear if the gas price issue is solved at this stage.
The second restraining factor is limited bandwidth of the Ethereum net. Maximum transaction number, handled by the net in one day, at present is 443,356[1] K. At that, daily gas utilisation in a block on average amounts to 60–80% and it is permanently growing. It disables projects which target audience is big.
At the present moment, in order to solve this issue Ethereum developers are moving in several directions: recently the Plasma project has been announced, which will allow significantly scale contract implementation because of using subsidiary chains connected to the main blockchain (more information on plasma.io).
The second direction being tackled is sharding. It will allow to split blockchain into many chunks due to which parallel processing of many transactions will become available. Despite the first solution is planned to be realised earlier, Ethereum team has not announced any information about the Plasma launch, while information about sharding is inconsistent, and it is possible that the scheme will have been realized not earlier than by the first part of 2018.
Thus, we will be waiting for the next updates of the net.
If the Ethereum team manages to solve the gas price problem in the nearest future, it will allow us to launch the first release of Kibo being able to accept up to 10,000 users. As soon as the scalability issue in the Ethereum net is solved, we will be able to launch a promo campaign to attract a big audience.
At the present stage, we do not see any unsolvable problems to solve those issues as the ways have already been offered by the developers. It is obvious for us that the real application of smart contracts is being maturing and the sunrise of this technology will start in 2018.
The Ethereum team realises the platform of the future, on which a new economy will be built, and we understand that this work demands colossal efforts and amount of time.
We see our task in having by that moment a ready innovative decision for the lottery market, becoming the first ones who offer unique advantages, which became available due to the blockchain and smart contract technologies. Besides, we confidently move forward!

Features of the development strategy
Complexity of the contracts is conditioned by the fact that we initially have been building the platform understanding that Kibo cannot develop globally without inbuilt viral mechanisms for rapid gaining of the audience, as well as distributed net of branches, in which interests of each owner of the platform will be protected by the contract.
Today, many platforms in the gaming industry get up to 80% of their audience from affiliate partners, interests of which are not guaranteed at the present moment. In the Kibo’s case, each owner of the KiboPlatform can organise traffic not worrying that he/she may lose the attracted audience should gaming resource owners wish. Moreover, he may not worry about blocking or change of commission amount of each sold ticket, as all terms of owing the platform, including commission crediting, are established in the smart contract and cannot be changed.
Like this, the KiboPlatfrom is a platform using which each its owner gains a possibility to develop his/her own lottery with a ready-made infrastructure and unified growing jackpot.
At the present moment Kibo owns more than 6,000 well motivated branches, which joint the project at the ICO stage, geography of which amounts to several dozens of countries. Many branches have significant traffic of their own in their regions. All branches will become the point of growth and attraction of the first audience to get acquainted with the Kibo advantages.
The main stimulus for each user to get acquainted will be a promo drawing unprecedented for all gaming industry. Exactly attraction of funds for organisation of that promo was the main aim of the ICO in October 2016. The amount of promo winnings at the start will be $40,000,000. This money will be located at open wallets of the team at this platform launch address:
0x6C76bb6843C2Ed9A5ad484EdC9FeCba5cd80B6A0
Marketing instruments inbuilt into the platform are aimed at not only motivation of getting acquainted with the Kibo advantages. Seven-year-experience of all members of our team in gamification sphere, including social games, enabled us to implement strong stimulus for step by step involvement of a user as a paying gamer with formation of further loyalty to the platform.
This model showed good results at the preliminary tests, which were carried out on a working prototype of the platform with real users’ involvement and support of owners of Kibo branches.
We plan to announce details of the upcoming promo right before the planform launch.

Tokens
The structure of Kibo contracts contains several types of tokens, one of which is intended for distribution of income generated by the whole platform and is of the ERC-20 standard.
Earlier we announced that Kibo tokens will be available at the trading sites not earlier than platform launch in the real net. As soon as the Ethereum team solves the gas price issue, we will be able to launch the first release with the limited number of users; Kibo tokens will be listed at stock exchanges and will be open to be sold on any external sites supporting the ERC-20 standard.
Total issued tokens amount to 350,000,000, despite the fact that only a small part of them was offered within the ICO. All tokens belonging to the developing team will be frozen in the smart contract. Thus, only tokens that will be owned by investors and which participated in the ICO will be listed at stock exchanges. It means that the team’s tokens will not be listed at stock exchanges at the time of the platform launch and till Kibo will become a platform with the big audience.
The defrost is expected to start only after the number of active platform users will exceed 500 thousand. From that moment, tokens deblocking can begin, however, according to the contract terms they will become available not earlier than six months after the defrost beginning.
As we announced earlier, the team’s tokens were primarily not intended for sale and are not a source of revenue for the Kibo developers. At the same time, from the engineering point of view these tokens are the same as the tokens that were distributed within the ICO. It was realised in order to ease perceiving of them as a unified digital asset of the company in the future.
For example, a part of tokens can be sold by the team members, which they can get at the time of closing operational programmes. Since at that moment token price will be formed on the basis of income, which it will receive in the form of crediting in accordance with the terms established in the smart contracts; even in case of partial sale, they will not influence the price of tokens that are already in the market.

Legal issues
Kibo tokens are most likely to be regulated as sequirities, as the token structure enables income receiving from the platform’s activities with no efforts from a token holder. The company’s legal structure is now being formed with regard to finally announced first explanations by SEC and MAS in Singapore about identification of the digital tokens. It is good news for us as we from the very beginning have been searching for a way to register Kibo as an absolutely clear legal business in order to let all our parters receive income legally in the future. Despite the fact that this possibility is already becoming available and we actively elaborate this direction, it is necessary to understand that this process requires time as legislators are still uncertain.
As for the gaming license for the company, at the present moment still no jurisdiction issues a license for gaming platforms based on smart contract technology. At present, most projects on smart contracts operate on the basis of disclaimer statements. Within the long process of communication with regulators, we agreed on the fact that the fist licenses of that type will be issued in certain jurisdictions not earlier than the end of 2017–beginning of 2018. We monitor the regulation situation in our sphere; as soon as necessary changes happen in the legislation, we will immediately continue to work with regulators in order to obtain the license. Certainly, we will inform about this on our official resources as soon we obtain any results.

Despite the fact that the Kibo project is considerably ready for its first release, and its launch is mostly restrained by the possibilities of the Ethereum net, we are still in the beginning of our way. At present, we have significantly enlarged our team and actively work to realize updates, which will be implemented in the next versions of the platform. We plan to announce some results of these work in the first part of October.
We want to express our gratitude once again for all support that has been given within work on Kibo.

Do not forget to monitor our official social networks in order to receive updates instantly:
Twitter, Medium and Facebook
https://medium.com/@kiboproject/kibo-lotto-on-the-final-stage-of-implementation-a16dc134c890
https://twitter.com/KiboPlatform
https://www.facebook.com/KIBOPlatformOfficial
Join our new official Telegram channel:
https://t.me/joinchat/C8o-Z0OMRAjfqPJhaG5Ppg
Please, continue sending us your offers and recommendations. We want to create the best user experience in the lottery word. It definitely can’t happen without your support.
Stay in touch, new interesting news coming soon!

We came up with the idea of Kibo a year ago. We have set quite an ambitious goal to create the first globally unified decentralised platform where thousands of lottery affiliates can be drawn from around the world to start and develop their business. The platform that will forever change the rules of drawings and open up a whole new level of transparency and acceptability of the most popular social entertainment game in the world. We have progressed quite well towards this goal. Today, we can proudly announce that the Kibo platform has been launched in the test net Ropsten.
In this post, we would like to fill you in on how the testing will be performed and which tasks we have set for the nearest weeks to come.
First of all, we would like to thank you for your interest in participation in the beta-testing. From April 28 to May 10 we received over 2000 applications for participation in the closed testing from our partners, which proves once again that those who joined us at the ICO stage are really supportive and eager to take part in the platform development. We really appreciate your support.
As we wrote in our previous letter, the number of partners that will get access to testing has been significantly limited and broken into three stages, with participants joining stage by stage:
The First group — 40 people;
Second group — 80 people;
Third group — 300 people.
The access to the platform will be distributed among the users according to time periods. Prior to beginning of each new stage, we will be mailing invitations to some selected users with a detailed step-by-step instruction for the test pass.
The registration date for each new group will depend on the results of the testing and the number of errors detected at each stage. We are planning to complete all works in Testnet within 3–4 weeks.
Please, don’t get upset if you haven’t received the invitation for the testing. Throughout the whole period of the platform operation in the test net, we will be keeping you up-to-date with the ongoings and progress of works.
The testing platform Kibo is already open for access, and those who have not received the invitation will be able to observe the transactions carried out in the contract for each purchased ticket following this link: http://kibolotto.bet
We thank you once again for the interest that you have shown in the platform testing and we are hoping for your active participation in this process. We are convinced that it is only through joint efforts that we will be able to create a high-quality product and get it ready for a flying start on a global scale. It is thousands of our partners supporting the Kibo project all around the world that form the main driving force which beyond doubt is bound to make Kibo the first genuinely global game platform based on Ethereum smart contracts.
Kibo Team.

KIBO’s Roadmap end of 2016, beginning of 2017.

The attack on Ethereum network, which began on September 23, has become an unpleasant surprise for all crypto community. Unfortunately, Kibo was one of the projects that first-handed fully experienced all the difficulties. On the planned main date of sales there was a peak of DDoS attack that temporarily almost completely suspended the work of the entire Ethereum network and its smart-contracts. During the process of preparing for the ICO Kibo team faced the problem of a sharp decrease in the amount of gas in the block, from 4.5M to 1.5M, thus creating problems with uploading Kibo contract on a working network. In order not to disrupt the scheduled start of sales date on October 1, the team had to urgently reduce the contract and upload incomplete version with stripped-down functionality. This excluded the possibility to transfer tokens to external users’ wallets, as it became necessary to restart the contract after the network recovery.

Despite all problems, the team has managed to solve this issue and on October 1 the Kibo ICO began. Within two days the network was working more or less stable, and during this time sales went up close to $ 3 million, then DDoS attack on Ethereum network increased, and Kibo contract almost completely stopped processing payments. To somehow solve this issue, the transition on the parity has been made, but it helped only a little, because the main part of the network continued to work on the geth. Subsequently, attacks on the parity also began to increase. At the same time Kibo support began to receive a large number of messages, which lasted until Hard Fork on October 18, that partially solve the problem with attack on the network. Despite the fact that the minimum threshold for implementation of Kibo in the amount of $ 3 million and 5,200 platforms was reached, in fact Kibo ICO was ruined, because during all this time sales have been almost completely suspended, and a huge number of people weren’t able to purchase tokens and platforms. Today Ethereum network is stable despite the fact that there are still some insignificant problems due to continuing attacks on the network, which will be finally eliminated after another scheduled hardfork.

Due to these circumstances Kibo team makes some adjustments to the Roadmap.

  

Change in the terms of sales for the remaining period of ICO.

KiboPlatform

In order to compensate for the lost opportunity to purchase a platform at an early stage and to increase the attractiveness of each branch the restrictions for available levels of client base will be lifted for the remaining period of sales.

All platforms that purchased at any time throughout the ICO, including the remaining days, all platforms will have 5 levels of the client base, which is equivalent to the terms of the first days of sales.

KIBIT token

The price for Kibo tokens will remain at the same level and will increase according to planned schedule until the end of the ICO — November 9.

How will Kibo develop after ICO?

After the sale we will work according to the plan:

STEP 1

Preparing the platform

    Complete the work on the code.
    Update Kibo contract after the network recovery back to 4.5 million gas
    Tokens transfer to ERC-20 standard and their charging according to ICO conditions.
    Kibo contract’s testing and safety audit by third parties. Publication of the results of this work in the open access.
    Preparation and final alpha testing before the release of the first version of Kibo Platform.

Legal aspect.

    Completion of the work on the legal structuring of Kibo companies work.
    Receiving permit documentation for the legal status of gaming platform activities, along with affiliate network and customers status, taking into account all the specifics of smart-contracts work and application of this technology into the gambling field.
    Implementation of strategies for international tax planning and payment algorithm for customers and platform owners to be able to fully legally and justifiably receive payouts and prizes on the territory of the largest possible number of jurisdictions.

STEP 2

Run a test version of Kibo.

Launch of Kibo beta version in real Ethereum network.

Closed test version of the platform with a fully ready-to-start functional, mechanisms to attract and retain clients, which will take up to 100 thousand of the first players.

    
At the time of the beta version start platform owners will be able to attract early adopters, using available at this stage promotion items.

Entering a stock exchange and freezing of tokens.

Start Kibo tokens trading on stock exchanges.

Along with the launch of the platform beta version the preparation of Kibo tokens trading will start. Once first players get to the platform and identified during the test errors are corrected, Kibo tokens will be issued on stock exchanges and can be traded on any external sites that support ERC -20 standard.

What will happen with tokens owned by Kibo team and the part that won’t be sold during the ICO?

All of the remaining tokens, including 250 million tokens owned by the development team, will be frozen according to the terms of smart-contract. This means that they will not be traded on stock exchanges at the time of the platform launch and up to the moment when Kibo develop into a platform with a large audience.

Once the platform will exceed 500 thousand users, control tokens will start defrosting process, which lasts 6 months. At the end of this period, the tokens can go on the stock exchange, as well as tokens sold during the ICO, if the team decided so.

What is the purpose of that?

Team’s tokens weren’t originally intended for sale, but have the same technical component with tokens, distributed as part of the ICO. This is done to ease their perception in the future as a single digital asset of the company.

For example, part of the tokens can be implemented by team staff that can be obtained during closing of the optional program.

After the gain of the audience token price will be formed mostly based on the profit amount for each KBT, in the form of deductions according to the distribution conditions written in the contract. In this case, even if at this point some of them is sold, it won’t affect the market price of already traded on the stock exchange KBT.

Start of the promotion and aggressive gain of client base.

After the result of the beta version and the optimization of all work processes we will begin to actively attract the mass of users to Kibo platform.

The global promotion start will launch, attended be over then 5,000 Kibo branches worldwide. As part of this launch, each user who logs on to the platform will receive free tickets to take part in daily drafts for 3 months with a prize fund of at least 1.5 million dollars.

The implementation of a marketing strategy will begin by launching a loyalty program, acquaintances with the advantages of gaming platform and following conversion of each promotion participant into a permanent user of Kibo platform.

We continue to move forward to our goal.

You can follow us on our official blog and social media for all the latest updates.

Sincerely,

Kibo team.

Start Kibo - is only the first stage in the platform development. There are many innovations planned on following year, including mobile application that is already in development. To date, we have fully implemented and will launch among with the start a mobile version of website, which is not much inferior to the usability of mobile applications and also implemented a version for tablets.
The date of the launch we will announce after the finish work on the contract and its audit on the subject without dangers.
All information about the progress of the work, including the start date and any other news, platform owners will receive in the mail, and this information will be published on the official, Kibo information channels.

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 we’ve 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 weren’t able to join Kibo in the most favorable terms of the first days of ICO. Throughout the sales period we’ve 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 can’t 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 weren’t 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. We’re 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 17–18 October, after that the network itself and Kibo’s contract will operate as usual.
All the transactions, that are hung in the network due to DDoS attacks and haven’t been proceed by Kibo’s 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.

This article clearly has its dark purpose. Unknown Maxim from St. Petersburg on the basis of whom such serious accusations against KIBO Company was built, then the very same article suggests that there isn’t any violations and fraud in this issuer. And a quote from the article: "Therefore, in the isolated situation with KIBO, it’s all okay in legal terms". Why, then, so hardly write about it?

No links with a video of the conversation where Forklog takes comments. Why? Here is it for you https://www.youtube.com/watch?v=8zfnT9Y29hY It is obvious that the video hide inconvenient for the magazine facts. For example there is no word about that this video has a correspondence in which a pair of trolls agree to ruin KIBO ICO and confirmed that Forklog would help them with it. Is there any explanation of this? And we can clearly see the result of this assistance: 2 articles marked FEATURED.

The conclusion is also interesting, where summed only claims some of which are false. The settlement didn’t mention any word that the company is completely legal, and works on Swiss law. I note this isn’t some sort of offshore zone. There is only negative information. Not emphasized that they found out that KIBO is not a pyramid, but only a project that uses MLM mechanism. As was mention by one of our users on Slack channel: “Elon Musk is using MLM to push his solar panel business at Solar City - because it will move a lot faster with neighbour selling to neighbour taking commissions than it will any other way.” Based on Forklog findings, he is also building a pyramid?

Thus, if we sum up all the claims to the project that Forklog emphasizes, they can be divided into the following points, and almost all of them is convincing only by a stretch of imagination. Also note that the magazine sums up just the claims and not results and facts. Once again I draw your attention that some of them false. Read the points.

1. “Past connections of the Miller brothers and Kibo partners with MLM-related projects and proven Ponzi schemes.” Respond: there is a connection with MLM projects and no one denied it, this experience was the base for KIBO constricting.

2. “Lack of information on developers and team members on the project’s official website”. This information is false, at the time of publication part of the team have been already available on our website for 2 days, and Forklog was aware of that. Here is a link https://kiboplatform.net/en/team.html

3. “Lack of published source code of an operational and secure smart contract.” https://github.com/alfredwoooden/kibo_central This is an outright lie. The article said nothing about central and storage KIBO contracts that were published on Github even before the start of ICO. And these despite the fact that many projects are launch ICO without publishing a single line of code.

4. “Fundraising with a regular Ethereum wallet. Money is indeed stored not in a smart contract, but get redistributed via the contract on an Ethereum address.” So do 9 out of 10 companies that launch ICO. Why there is nothing about this fact?

5. “Using multi-level marketing methods and approach to promote the project”. Yes, and this made possible to currently have 4,800 branches that will develop KIBO. Is it bad for the project?

It’s obvious that this article is intended to ruin KIBO ICO but to their disappointment, there are people who read not only Forklog. Current results ICO enables us to provide a strong start that will happen regardless of ICO results. I want to remind you that ICO will continue for 30 days. Over 500 KIBO PLATFORM was purchased yesterday. These are people who understand what we are doing and see the same great opportunity as KIBO team.

In this version KIBO have similarities in design of 2 playing fields. But as you can see the personal account and the other two playing fields have different designs. We used some of the options of fields on Veikkaus lottery for the KIBO LOTTO base version, from which we began our work on optimization of the interface. Today, Veikkaus is one of the most successful online lotteries. This is intermediate closed KIBO LOTTO version that was available for first stage partners. By the time of platform launch we will present another version of a personal platform design. It is the reason why it isn’t available right now but was available before. During the first stage of development all partners were playing on this platform and we were working on finding the optimal variant of the game board by using several variations of playing fields and statistics. Using these data, we’ve developed our version of playing fields. You will be able to see a new version of the platform in a few weeks after lotteries’ smart contracts will be audited. Of course new version will have some similar elements, but it isn’t prohibited by law and is far from a copy. We want to draw your attention to the fact that today in gaming industry a large number of resources have a very similar interface. But this isn’t a problem for them. I.e. sports betting, where a large amount of resources is almost a complete copy of one another but they don’t experience any difficulties with this.

Dear friends, a huge amount of materials are represented for you in order to draw your own conclusions. You can draw conclusions based on material of cheap tabloids, administration of which can’t answer why trolls in an open correspondence planned to ruin KIBO ICO and confirmed that Forklog would help them with it. It's your choice what to look on. It is that magazine that published their fantasies on its site after they’ve sounded them. The most interesting thing is that the administration of the magazine hasn’t even tried to clarify is this information in any degree true. Note, the magazine has all our contacts since we ordered ads and release of the project. But we didn’t receive any questions what’s so ever. Once they were convinced that the information is false, negative article about KIBO wasn’t removed. Can you guess why? If you are interested, the conversation between Developers KIBO developers and Forklog administration is here https://www.youtube.com/watch?v=8zfnT9Y29hY

I repeat, no one is forcing anybody to take part in Kibo ICO. If someone doesn’t see the basic things and the huge amount of work that has been done and only wants to see the gossip and misrepresentation he can simply stay away. We’ve already achieved all the goals that we set ourselves within the ICO. KIBO launch will be held regardless of what a bunch of losers who intentionally want to disrupt the start of the project will write. We are completely legal and open, it’s clear to anyone who carefully inspects our project. Everyone who considers joining KIBO start can still do that. Those who believe otherwise can only watch from the sidelines. How correct that decision was we will know very soon. Thank you for your attention to our project.

First, it’s obvious that if someone wanted to remain anonymous, he wouldn’t publish a part of the team even more in the moment when the main part of the ICO has already passed. Why it isn’t obvious for you is the question. The reasons why we didn’t do this at the start already have been repeatedly given. Due to the fact that certain individuals have published false information and engage in substitution of the facts, we decided to publish part of the team on our website in order to refute this lie. Moreover if you visited our site, you can see a video, after watching of which it would make clear for anyone that there can’t be any questions about some anonymity. We hold open events with large number of our partners. A lot of them personally know many team members. As you can see in this video, there are people of different ages and nationalities. Many of them are business owners from different areas and experts in their field. If you think it's a bunch of delusioned people whose opinion doesn’t mean anything for you, this is also your choice. But why are you ignoring the fact that there isn’t and never was any anonymity? That’s the big question.

We want to correct you; no one from our team has any connections to ONECOIN or to, as you said, some Germany-based lottery. Thousands of people know this. It is a pity that you have provided with information that has no facts behind it. Before hypotheses please present something more significant than phrases like "also there are rumors of them being connected to OneCoin”.

Yes, some members of our team have experience of participation in wcm777 and German company ibutler. But your information about these companies doesn’t reflect the reality, as well as everything else that is written here. These two companies are completely legal to work in American and German jurisdiction, and were attended by several hundred thousand people worldwide. And the fact that one of them suffered no luck, it doesn’t mean that all the people who work there are scams. It’s clear to any reasonable person. Moreover, we’re not only don’t hide this information, we believe that the members of our team gained invaluable experience in the MLM industry and this experience has raised the level of competence in how these mechanisms work and what this industry is today. We understand that people who are engaged in the dissemination of false information online is anonymous and doesn’t bear any responsibility for what they write. Unfortunately, not everyone can understand that what is written here is completely untrue. The people, who supposedly want to give objective information on those who are behind the project, for some reason doesn’t write that these people have created several companies. Companies that employed large number of employees, and developed loyalty programs and marketing tools for many organizations and services. And the fact that Kibo today has one of the highest degree of readiness among all the projects that currently shown in ICO. We don’t aim to prove the opposite to people who want to tarnish the project. Of course, all this is not very pleasant for our team, but we are confident that all will become evident after the successful launch of Kibo project. That of course will be, as ICO results already allow us to do it. We were able to get these results due to the fact that there is a large number of people online who are able to assess the work we have already done, including the Kibo unique marketing strategy, that by the way was designed by these guys. We suggest all readers of the branch at least read this material before you form your "own opinion"  https://medium.com/@kiboproject/kibo-an-inside-look-bcc2d5b38ab9#.w3w9z8vh9
Thank you for your great attention to our project. We’re sure that time will sort things out.

We didn't quite get what are you asking about. Can you please rephrase your question?

Information about existent of subscription fee you can find in a cabinet. This information is available before you make a purchase, in Client bonus section. If you don't develop a customer network and plan to receive income only from your KIBIT, you don’t need to pay a monthly fee. Subscription fee is paid be owners of KIBO PLATFORM for development of the platform. At this price Kibo bought tickets for dawns of the current month for you. Here's what’s written about this in your cabinet. http://screencast.com/t/sCBEuqrMhmIf

To maintain the activity on the platform, you will automatically be charged a monthly subscription fee of 2.4ETH on your balance. If at the time of charging these fees from your balance the funds are insufficient, you will see a reminder of the need to recharge your balance. If the monthly fee is not paid on time, the earning revenues from your customer network and those of the customer networks of your partners will be suspended. For the full amount of the subscription fee, tickets will be bought for you, with which you will take part in the prize draws for the current month.

Why do I have to pay a subscription fee?

In the same way that all transactions on the platform are transparent, since the beginning KIBO LOTTO has made a living through the purchase of tickets by partners. Any new users who you bring to your platform will see that thousands of players every day take part in the prize draws and win prizes. A positive feedback pattern is thus formed in the network, increasing customer confidence among the people who first visit the KIBO LOTTO platform on your recommendation. Therefore, by paying a monthly fee, you support your business and contribute to its development.

To fully understand company's strategy, you must first get acquainted with what is written on the website and official blog. From what you wrote is obvious that you haven't done this. Customers who purchase KIBIT shouldn't invite anyone. This is the first thing. KIBO PLATFORM owners is the one who will invite customers. This is why they purchase a platform. There is simply no other income sources for KIBOPLATFORM owners exept this, it is clearly stated on Tokens section of our website.

As for cancelling a platform and get a refund. This’s not possible and it’s normal. You purchase a ready platform with marketing tools for just 10ETH. Before purchase you acknowledge that you understand what you are buying. And if you don’t understand – then why buy? And you buy an opportunity to try to build a source of income, along with KIBO team. I emphasize TRY. In order to understand what are you buying there is more that enough information online. We don’t give any guarantees and this is written everywhere, including a contract, which you should read before making a purchase. In any case there is a risk and by purchasing a platform you share the risk with us. If you want a guarantee, we can’t give you it. I emphasize again this is written in several places on the site and the partnership agreement.

About the fact that a user must pay $ 130 and $ 1,300. Firstly, no one mustn’t anything. This is our offer on a free market. Judging from your comments you are not familiar with information that there are different offers, and each of them includes its function as part of market exit strategy and income opportunities in the future. Answers to this and other questions can be found in a special article Kibo: an inside look. Be careful please when read the information before drawing conclusions.

1) If you read the whole article, which we’ve published above, you will find answers to all your questions.
2) Please read user agreement carefully before participate in any project.
3) We’ve already answered these questions.
4) You will be able to sell your tokens on the stock exchange after ICO.
5) As for the team, we’ve also answered many times.

Kibo: an inside look

In the course of KIBO ICO we see how on the network statements about the project appear, which obviously don’t come along with the reality. It’s particularly surprising to see people who call themselves experts among those who post such conclusions. Under the guise of analysts, they offer people to listen to their point of view, but it is clear that while preparation of the analytical reviews their authors didn’t even get familiar with basic information about the project. Therefore, it’s impossible to say that they have spent time on the qualitative analysis of the project. In that attentive reader can convince himself by reading the information on kiboplatform.net. We don’t quite understand how could self-respecting person give false information to public, but let it be on their conscience. I’m sure that in the near future, these people will have to publicly explain this behavior in front of their audience, if they have a little respect for them. 

My name is Alexey Miller and I'm one of the founders of KIBO. In turn, in this block post I will reveal for the reader some of the KIBO project the details, which are intentionally or due to lack of understanding trying to show to you in a different way. After reading, you can use simple logic and links to facts to create your own idea of what the KIBO project is and why we’re developing it in this way. This article is divided into several parts, followed one another. A link to the next article you will find at the end of this. So, let’s begin.

Who and why will play KIBO LOTTO?

The product itself which KIBO launches isn’t new. Today in some countries up to 80% of the population regularly plays the lottery. This is a huge market with a turnover of nearly $ 30 billion a year. For a visual example, you can visit www.wintrillions.com and see what sums are played in lottery every week for a several times only in some countries. Please note that draws jackpot amount is only a half of the funds received from the sale of tickets.
Despite such popularity, there are still some major issues that bother every player. Their discussion can be found on online forums easily.
•   No guarantee of 100% fair draw;
•   Lack of transparency in the distribution and the formation of the prize pool;
•   Long payments and prizes with high commissions retention;
•   Winner anonymity issue.

With the foundation of smart-contracts and blokchain technology the perfect solution to all these issues appeared. KIBO LOTTO offers it. It’s completely transparent and 100% honest gameplay with instant payment of any size within a few minutes to anywhere in the world without commissions.
Another important factor is the fact that for the first time KIBO offers access to a single lottery from anywhere in the world.

If translate all this into simple terms: KIBO is a more convenient solution to the market with a huge demand. And it’s obvious that such a decision will replace the old format of the game. As an example, today almost no one sends a letter in an envelope, and waist a few days until it reaches the recipient. Everyone uses e-mail because it’s more convenient and faster. Exactly the same is a pretexts for KIBO. The same product, but in a more convenient form.

Why the recommendation system is the basis of KIBO development?

An interesting product is good. But how tell millions of users about it? Perhaps many will say advertising, but is such tool effective today and how much does it costs? Let’s take famous Facebook or Instagram. Anyone can go out there and create an advertising campaign. The cost per click of more or less targeted audience will start at $ 1 and above. If you have the conversion of 20% of people, which is very cool, you attract 1 million users for a cost of something from $ 5 000 000. Since the formation of the jackpot is done by funds received from the sale of tickets, a platform needs to attract a large audience. Almost none of young startups can afford to spend millions of dollars on advertising. But even more important – this just doesn’t make any sense.

Today, high-quality marketing strategy is a crucial factor in the development of a company, and simply spend millions in advertising is no longer a method. Now the most effective way to attract an audience is a correct integrated recommendations system. That is why today companies are working so hard on how to convince the user to recommend a product to others. This effect is achieved by itself if the product has high quality and solves issues. Vivid examples of this are Instagram, Facebook or Whatsapp. These companies are growing only because they have been recommended. In the growth stage these products didn’t bring any income so they couldn’t add some extra motivation to recommend, and only possible way to do so was with the expense of investors' money. Not many dare to reward for the recommendation of several million users, especially when a product is still not profitable. If a quality product manages to add some additional motivation, audience growth will be much faster.
Additional financial motivation is especially needed when a company comes to an existing market. For example Uber, which came out on the existing market by offering demanded product only in a more convenient format. KIBO does the same. UBER Company has received such growth due to the fact that you were allowed to present a free ride to a friend, and if a friend took this gift, company would give you a free ride. This is a direct financial incentive to recommend UBER to friends. Someone would call it a pyramid; competent people call it a thoughtful marketing. Everyone knows the result, today UBER has the largest share of the market and the capitalization of the company has reached $ 60 billion within several years. Now this model is copied by many local taxis and so they’re developing successfully.

At the beginning of working on KIBO we realized that without a strong marketing strategy we won’t get a fast audience growth. Therefore, we started to integrate the successful growth model in our project. What a lottery can give people? Of course tickets to participate in a series of free draws. But where young startup can get a few million dollars to organize these draws? We’ve decided to build an affiliates network throughout the world, which will chip in on these draws, and after the platform launch will attract first customers.

Ponzi scheme or a powerful development strategy?

The answer to this and other questions in the next article https://medium.com/@kiboproject/kibo-an-inside-look-bcc2d5b38ab9#.9mpvq6s7d

I wanted to start by saying that obviously we can’t have any relationship with Onecoin. We don’t know the reason why a group of people working on the spread of information against Kibo, trying to ruin our ICO. Just a couple of hours ago, representatives of our team talked to one of the resources, which, together with trolls, promotes this information. We recorded this conversation and upload it on the net. After watching it will become quite clear to you what Kibo is and what methods of cheap PR used by some people, that would draw attention to their resources. Soon, the translation of this video in English. https://www.youtube.com/watch?v=8zfnT9Y29hY&feature=youtu.be

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