Topic: KIBO - First Blockchain Lottery - page 10. (Read 24159 times)

The subscription fee is a monthly investment of each partner in the development of their business. The same as if you opened the stall, and paid his rent. But unlike a stall where you give money for rent, here you get tickets that have a certain value, and you get the return of 10%. Why do this. Thus we insure the platform at an early stage and provide a guaranteed minimum jackpot each draw. But even more important is that we demonstrate to new users that the game is going here. When show to user something new, he's used to follow the crowd, because that's how people are. Buying partners, for them, 3 tickets for each draw, we create activity on the platform and newcomers, who were invited to the same partners, see that. At acquaintance with something new this is an additional element in increasing the level of trust. Something that helps to overcome the barrier and the first registration. So that is only one of the tools, which promotes the development of the client base this partner. And it's just 2.4ETH per month. I assure you that in the context of those income that owner of the platform get with a customer base it is a penny. If he don't have any income,the he can not pay it all.

After registration, the user is involved in a series of free draws. This is done not just to throw money. The first task of a free series of draws is a big carrot, which is given to a new client. We encourage him to invest the time to understand crypto and make a wallet. If he does it, he gets a free entry in the draw and we get a client who can pay. Of course it will not be 100% but we are giving a very large carrot, and as shown by the tests we've done we on the first stage on 1500 people, this works very well. About how he will pay, and why, I won't write, but I can, if you wish, tell you you every step of the customer conversion into paying one. By participate in drawing, he met with the advantages and moves to a new format of the game. In the process, we encourage him to recommend a product and make it as easy as it was done in Paypal or Uber. The difference is that we don't give $ 10 one-time fee for a friend invitation. Instead we offer to make him a gift and receive a lifetime 5% every time a friend wins or his friends up to level 3. It's obvious that such a motivation many times stronger. That's only just a small part. But I think that it will give you an understanding that we don't belong to the category of people who want to start lottery because it's cool. We know what we do and every step is through out. And  at all times I don't see a reason why we won't do it.

1)We’ve decided to publish our team in the next few days.
2)  In order to compensate for this failure, we decided to extend the period of 1ETH / 50KIBIT sale price until 9 October. From October 10, the price will decrease by 30% immediately and 1 ETH will be available for 35KBT. Until October 9 at the cabinet you can buy only 40KBT for 1ETH. Because these conditions are spelled out in the contract, and now we cannot make such changes. All who make a purchase during this period will receive additional 25% KIBIT after the end of ICO, which is the starting price on Kibo ICO.

Please explain me monthly fee 2,4ETH for platform owners. With this fee will be automaticaly buy lotto tickets and with these tickets can platform owner can win, or with this tickets will buy tickets and these tickets can owner give invited clients? Or this fee is charged for development team and platform owner gets nothing from this fee?

When is the day when you make your team public?

Also: on your website I see:  RATE  KIBIT TOKEN / 1 ETH = 40

You said:

Today we crossed the mark of $ 2 850 000, an impressive result in just 5 days. We continue to move toward the goal!

For several days Ethereum network suffers from a powerful spam attack.
Because of this, we are faced with certain difficulties, which, unfortunately, we can’t effect on. Many of our users face delays or cancellation of the transaction of purchasing tokens. Within last day we have received hundreds of messages to our support team. For this reason, many people were not able to purchase the right amount of KIBIT tokens before the price increase. In order to compensate for this failure, we decided to extend the period of 1ETH / 50KIBIT sale price until 9 October. From October 10, the price will decrease by 30% immediately and 1 ETH will be available for 35KBT. Until October 9 at the cabinet you can buy only 40KBT for 1ETH. Because these conditions are spelled out in the contract, and now we cannot make such changes. All who make a purchase during this period will receive additional 25% KIBIT after the end of ICO, which is the starting price on Kibo ICO. The attack is still ongoing and therefore there still can be problems with the purchase and assigning of tokens, which can be a delay in the display. Ethereum developers announced that they plan to fix it in the next 24 hours. We hope that the Ethereum team in the near future will release an update that will stop the attack on the Ethereum network and ICO will continue as usual.
Thank you for your understanding, we appreciate your support.
Sincerely, Kibo team.

KiboPlatform then by incompetence lose capital, yesterday I wanted to buy tokens at the ratio 1:50 today still do not have a balance on the platform (1:40). So I still can not buy, despite having platforms

sad..

In our whitepaper you can see only one option of random number generator, which we have published as a demonstration of a small part of the work that has been done. We have already read on blogs that our generator may be vulnerable. But, unfortunately, none of these experts explained what is the probability of the threat of such attack in numbers and are didn’t explained in detail how this can happen. In order that would make this it’s necessary to provide accurate estimates and have a full understanding of how block is generated. So far we didn’t receive such information from anyone. It’s important to understand that we repeatedly said that our code is in testing and auditing for security. Even if such vulnerability in the course of the audit is detected, we use a different solution, this isn’t a problem with no solution for us. We initially didn’t want to share not fully tested code, because we anticipated that there may be mistakes, which is perfectly normal for even the most professional teams, but we did it because of requests of users, which proved to be the wrong decision. Perhaps in the next 2 weeks we will finish this part of the work and publish the final version of the random number generation in the open access. We will do this only when we finish the work, to avoid further similar discus. We emphasize once more that we don’t have any reason to believe that the question we won’t be able to solve. We have already done a great job for launch of Kibo and this is certainly not an unsolvable problem for our team. There are a huge number of solutions to this issue and it won’t affect the concept of work and the benefits of Kibo, which platform offers to an end-user.

The fact that you are a platform owner does not mean that you are obliged to developing and maintaining it. You can use the platform as a personal account to manage your KBT tokens. If you wish, you can participate in the development of the partner network. But it is not obligatory for you as an investor. You can develop your client base if you have such a wish. You just have such a possibility, just like every platform owner, in case you want to get revenue from the client activities on your platform, too, not just from the KBT tokens.

Friends, we are well aware that there are problems with the purchase of tokens and information about their presence reflection in a cabinet. Tonight we received a large number of messages on this issue to our support team. Unfortunately this situation doesn’t depend on us and we can’t effect on it. Absolutely all the delays that we have today are related to the DDoS attack on Ethereum network, which is continuing for 2 days. It very slows down the operation of the system and all the smart contracts, including ours. We’re sure that in the near future this problem will be solved by Ethereum team. All that was purchased will necessarily be reflected in your cabinets as soon as the contract itself will handle the operations and the results will reflect on them. We are sure that many people here are professionals and familiar with the situation in the Ethereum.
Thank you for your understanding.
Sincerely, Kibo team.

Hm. That's sad. I just want to invest. Not attract customers. I might use it myself or talk about it with friends, but not become a professional advertiser. I think it's much better to separate these things. Investors and advertisers. Really two different things. A normal startup is usually fine with taking the investor funds to sort out attracting customers by using part of their funds. Another reason to stay away probably. However, the idea of a decentralized provably fair ETH based lottery is nice. I hope someone serious will pick it up.

@Kibo you should reduce the minimum Buy amount of KBT. The 100ETH first buy really turn off investors.
Not everyone is feeling ok to invest more than 2btc in a Project where the dev Teram want to stay anonymous.
Give opportunity to everyone to take part of the ICO with the amount of ETH they afford.

How does KIBO randomly pick a winner of a lottery? Does it use a decentralised method to pick a winner, or a centralised method? Other coins have used the hash of a block to pick a winner for gambling games, but experts say that miners can rig a system using that method so they win.

KiboPlatform so after buying platform and tokens 5000, I do not have any balance on the kiboplatform site.

I do not have opportunities like this purchase tokens for eth not buying platform that already have

Today in some countries up to 80% of the population regularly plays lottery. This is a huge market with a turnover of nearly $ 300 billion. in 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.

The first KIBIT price change tonight !

Tonight at 1 AM GMT the price of KIBIT will increase by 20%. Once this happens, for 100ETH you can buy 4000 KIBIT, instead of 5000 KIBIT as it is now.
We want to share with you some of the assumptions on what KIBIT can give you KIBIT if you own them. If you’re interesting in this question, this article is for you.

After KIBO Platform launch tokens KIBIT will bring daily and mathematically clear income to its owner. The cost of such token on the market is made not only from income, but from a variety of factors, one of which is the platform development potential and possible ways to monetize the audience.

The cost of companies is formed from the way their audience can be monetized in the future. The most famous example is Facebook, which, just a few years ago, stopped operating at a loss and now brings in about $6 billion of net profit per year, while the total value of Facebook shares is now about $310 billion. This example shows that the share value of a company that is developing on a promising market can be 50 times more than its annual income. This is only one example, of which there are many.

Smart contract technology has made it possible to offer a product to the $286 billion annual turnover lottery market that is head and shoulders above what is currently available. In case of successful development, KIBO LOTTO will have the opportunity to get not just an audience with clear monetization. We have reason to believe that we can get the largest audience to date with the experience of using cryptocurrency. This opens up huge opportunities for further development. This assumption is based on the results of preliminary tests that within 7 days allowed us to increase the audience ten-fold. You can easily calculate what audience the platform can get in the first months if several thousand partners attract just a few hundred clients to their platforms, which will start a fast growth.

Of course KIBO LOTTO does not claim the whole lotto market, but it should be noted that KIBO is the first international lottery offering such advantages and already has 3,500 affiliates all over the world. Number of affiliates is increasing during the ICO. Each of these affiliates has a direct financial interest in developing their client base as soon as KIBO LOTTO starts. I am not talking about investors, but affiliates who are all ready, from the start, to use their experience and the powerful marketing tools provided by the company, which I think you already know about.

Today, we see no reason why KIBO cannot become one of the biggest international lotteries in the new emerging market.

It is clear that it has great development potential. It is also clear that, over time, the lottery market will go online, so cryptocurrency and KIBO LOTTO launch will add to its momentum. This is already happening in the gaming industry and beyond. If we had not set ourselves the task of becoming a leader in this field, the KIBO project would not exist.

Let’s get back to figures

What if KIBO LOTTO has a turnover of 2% of the lotto market in the future? This would mean that the investor would receive the amount he/she has invested in the form of monthly income and the value of his/her shares would be ten or hundred times greater than the investment. We also accept such a scenario.

Today we offer a product with clear market launch mechanisms and a ready-made basis for its implementation. A referral system with a weaker motivation allowed companies such as UBER to get a huge market share in its niche within a short period of time. This percentage is much higher than 2%. We see no reason why we cannot try to get a similar effect on an empty market using an obviously working development model. If this happens, the income per purchased KIBIT could pleasantly surprise even the bravest optimists.

Nobody is saying that tomorrow the KIBIT cost will increase 100-fold, we will see the results later. Of course it’s only an assumption and it isn’t in any way guarantee. But you can admit that this assumption has a clear logic and enough reserved prognosis. In the end, every one of you can make your own forecasts and the results we will know after KIBO launch. We can only add that large team of professionals is working on KIBO project and we are confident in the success of KIBO LOTTO.

Meanwhile, our ICO continues, and tonight will be the first increase in KIBO tokens by 20%. If you are considering KIBIT purchase, remember this.

https://kiboplatform.net

Note that the client doesn’t receive the income from ticket sales. Only platform owner receive 10% of ticket purchase. Customers receive only 5% of win of those customers who’ve been invited by them down to level 3. Especially for this purpose +15% is included in the prize pool. They pays 5% top 3 levels for each user, in case a winner has top users who invited him.

Please can you reply?
Platform owner get 10% from all users 5 level deep and how many % from referral get user which dont have Kibo platform? Somwhere I read 1% from all users 7 levels deep. Is this true or how is it?

Yes, if you want a legit team. You have to show your identity.

Good now you are talking. The community want to see a legit Team. Also the issue with the unsold coins is a big red flag to look into.