KIBO Taps Blockchain to Improve Lottery Competitions
A promising startup has plans to eliminate the limitations of an otherwise famous and entertaining social game, the Lottery. KIBO, as the company is titled, places transparency, openness and fair play at the top of its core agendas. While their sales-pitch might draw similarities from other companies, KIBO actually manages to hold attention for its implementable plan: To build a flawless Lottery platform on the top of Ethereum, a public blockchain-based platform featuring smart contract functionality. Ethereum’s Smart Contract technology, according to KIBO, could actually be tapped to....
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KIBO, the first ever blockchain and Ethereum smart-contract based lottery, is announcing the launch of an ICO to raise funding for the completion and launch of its platform, which it calls a “revolution in online lotto.” KIBO: Lottery on the Blockchain. Recognizing the fact that lotteries are the most popular form of gambling in the developed world, with over 50 percent of people in industrialized nations playing a lottery regularly, KIBO wanted to improve the gaming genre with blockchain technology. The main goal of this new lottery platform is to use the blockchain to bring transparency....
The first decentralized smart-contract based lottery, KIBO Lotto, whose ICO is planned for October 1, has published a video review of the gaming platform. This 90-second video shows what the KIBO platform gaming interface looks like. An Overview of the KIBO Lotto Interface. The project has been in development since June 2015 and the gaming platform is scheduled to launch by late 2016. KIBO is a platform where you can launch your own lotto. Using smart contract-technology, the KIBO team plans to offer a new format for existing social and entertainment games. They also intend to introduce a....
Lottery players worldwide will soon be able to compete for winnings in games that operate transparently over the Internet and receive payment immediately in cryptocurrency. Players will have access to full information on draws, wins and other transactions within the system. The system provides transparency of all processes, which indicates it offers fair play. Kibo Partners PTE. Ltd., based in Singapore, is readying the global launch of KIBO, a decentralized gaming platform built on Ethereum smart contracts. The smart contract’s architecture provides all game rules, which cannot be changed....
Kibo Platform, an international decentralized lotto powered by Blockchain and Ethereum smart contracts, plans to hold an ICO. It starts on October 1, and will end on November 10. The platform offers immense advantages over legacy lotto games, such as provably fair draw, easy ticket purchases and instant payouts regardless of your country of residence. Huge audience, no innovation. January this year, three ticket owners won a combined Powerball jackpot of $1.5 bln; at the time of writing, this event holds the record for the largest lottery jackpot ever won. It is reported that in the days....
The natural growth of Ethereum’s price continues. The time has come to determine the long-term direction. Will there be a long-term Ethereum growth? As was determined earlier, Ethereum’s price has gone upwards. There were no signs of a medium-term turn. That was already apparent at the level of $14. Ethereum’s price has broken through that mark, thus pointing at the lack of advantage on the side of the bulls. Simply put, it was a signal for a flat. Consequently, after the price reached one of the limits of the flat, a movement towards the opposite limit should have followed, and it did.....