2016/09/01 1:26 PM
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.”
Disclaimer: This article was sponsored by KIBO. Bitcoinist is not responsible for this firm’s products and/or services.
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 to the game, as well as solve some common problems involved with lotteries — such as fair drawings, collecting winnings, and limited access to ticket purchases.
The KIBO platform aims to ensure a 100 percent fair…