Topic: KIBO - First Blockchain Lottery - page 9. (Read 24159 times)

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.

Where in the world that a monthly income of around $200 comes from while kibo is having an ad on facebook? How will that be compensated if its true? Is it just marketing gimmick?

After reading the whole Forum and your website I am very clear now that this is just a pyramid scheme -   "Investors" = your sellers have to bring up a bunch of lottery gamblers and if they achieve a certain level you can earn from them


Just compare it with https://en.wikipedia.org/wiki/Amway        and look under the point:  FTC investigation

And even if you call yourself a MULTI-LEVEL-MARKETING only the founders get rich!




And the point that you are hiding every Identities and just offer a lawer in Switzerland says everything.


Last thought - you didn't even wrote on your website how to cancel a KIBO platform if "my business" doesn't run - will anyone get the initial 10 ETH back?     

No signature campaign？I think you should expand your influence.

lol! bla bla bla ...nothing concrete but thanks for the responses.

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.

In order to participate in KIBO users are required to pay $130 to the platform, and $1,300 more to purchase tokens. It’s quite weird for a project seeking to conquer the international lotto market. 

I just withdrew my ETH from your Platform was going to Invest but since you did not reply to my previous question regarding Why one cannot just initially Invest the amount that he
can afford. Asking 100 ETH for initial Investment is too risky for some people like me. I wish i could get a refund of my 10ETH Platform payment. Also I feel that this project is going
nowhere. You will keep the rest of the unsold coins and you will also have 250M coins in your hands way too much of possession but good luck with your ICO. I will seek to sell my
Kibo account later.

Thank you.

P.S: ...and still no Info of your Team 

Kibo has too many skeletons in its closet.

I think it's wise to give this one a miss.....

Nice. And all this languages will be available on launch day?

People panic bought kibo in the initial hours, I feel they have problematic brain issue, kibo is a standard ponzi, or mlm scam. Losers never research before invested, sigh.

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

I knew there was something fishy going on with this project. Now I understand why they dont want to be public here on Bitcointalk.

These are quite serious accusations being put against the Kibo platform.

You actually did just clone that Finnish Lottery site.

What about the fact that some of your investors are actually planning to sue your platform?

We need answers please.

http://forklog.net/users-accuse-kibo-of-being-a-scam/

 

What's KIBO's connection with Onecoin please?