https://vimeo.com/181785165
This ICO for a decentralized world lottery platform has received much speculation since its launch. It also didn't help that at around the same time of the ICO launch, the Ethereum based ICO was facing major issues while the Ethereum network was under heavy DDoS attacks, which lead into several forks of the network. You can read that Article Here. This slowed everything down for the Kibo team as they had an original planned to be live by this time. While many have written this off as an ICO scam those that purchased partnership and tokens are still holding on to these, waiting and wondering what is to become of Kibo. So if it isn't a scam and they haven't closed everything down, taken the money and run, what have they been doing?
Well good news! Currently the Kibo Platform is on the test.net, during these next few weeks before moving on to Beta with their partnering members. It seems as though Kibo isn't forgotten and has only regained momentum to carry on with a plan to bring decentralized lottery to the world. Why you may not have heard much about Kibo is essentially because of the rough beginning they had on top of the wild speculation at the time about Ethereum and its overall capability to handle such and enormous project that Kibo was proposing. They have been keeping everyone up to date and have been active regularly with all their social media accounts. Since many in the beginning passed this off and since they only update via social media outlets like facebook. If you're not following them you're not knowing. It seems fair to say that the Kibo Lottery platform is just getting started. I would be expecting some major updates and news coming from them in the next few months while they go through this testing phase.
Now If you've read this far you maybe wondering why is this important, I'm on steemit and I'm doing steemit things. You may not even be interested in lottery, tell you the truth neither am I, but when its apart of the Ethereum network and STEEM / ETH is a pair on the exchange markets one may want to take a second thought about whether or not Kibo will have any real impact or be able to deliver. Here is statement from inside the partner portal under the (Exchange) tab "After the launch of the game platform, the stock exchange will start functioning in this section. On the stock exchange you will be able to sell all or part of your KIBITs, or buy more, if someone decides to put them up for sale. " This brings suggestion that there could be another currency pair along side Ethereum being traded.
For those Kibo investors this is good news as there is some hope for the near future to see something come from this long awaited release. For the Steemit community it means a great opportunity to combine decentralized social media with decentralized lottery as they both share a relationship with the Ethereum network. This is also true for crypto-traders looking to jump on the next potential hot cyrpto coin.
My Kibo Ref Link | For those looking to join. After beta KIBITs will become exchangeable, new clients will be able to purchase them with Ethereum and use them to play games or trade.