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 or deleted. The human factor is excluded.
KIBO’s team brings six years of experience in development of games for national and international social networks, as well as mobile games development.
KIBO Seeks to Change Lotteries
Speaking to CCN, Andrei Miller, development director of Kibo Partners PTE. Ltd., said:
We believe that KIBO has the power to introduce global changes to the most popular social game in the world. We believe that this game is the best way to bring blockchain to a really wide audience.
All KIBO games are played using cryptocurrency. People worldwide can participate, including those from countries that lack a developed banking system. A gadget with Internet access is all that is needed to play.
The speed of payout is a key advantage. When a player wins, the money transfers to the user’s account in cryptocurrency within minutes of the draw. There are no fees, taxes or commissions.
The platform has no centralized control that could eventually crash should there be a failing in the system.
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