KIBO, the first decentralized Blockchain and Ethereum smart contract-based lottery, is going to launch its Initial Coin Offering (ICO) on October 1 and has recently released a video review of the gaming platform.

The 90-second video shows what the KIBO platform gaming interface looks like:

Using smart contract technology, the KIBO team plans to offer a new format for existing social and entertainment games and also intends to introduce a universal global lottery to the market. The smart-contract based lottery could offer several advantages – including complete fair play, transparency of each draw, and accessibility from any point in the world – which have not been available to international lotteries until now.

The KIBO team believes that they have developed an off-the-shelf solution for the efficient management and development of lotteries for anyone who wants one. KIBO is a platform where users can launch their own lotto. It is a platform for launching independent branches that will operate within a single lottery. To launch a branch, users are not required to design their own games or maintain a team of technical specialists. The platform is currently undergoing final testing. 

“KIBO offers an off-the-shelf turnkey solution, including marketing promotion tools. The branch's terms and conditions are written in the smart contract, which means that nobody can change them. In other words, the KIBO team want to launch the platform, so that everybody can be confident that they will have their own lotto with unique advantages and won't have to worry that their account might be blocked tomorrow and that their player base will change hands”, KIBO said.

The number of such platforms will be limited at 20,000 and they all will be distributed within the ICO which starts as early as October 1. On the eve of ICO, the team aims to provide the opportunity to familiarize the first version of the working back office.

The lottery market is one of the largest markets, with a turnover exceeding $284 billion a year. In order to quickly spread in this huge market, KIBO is implementing a unique marketing strategy aimed at quickly attracting a large audience all over the world. 

At the start, KIBO plans a series of free promotional events aimed at quickly attracting a large audience for familiarization purposes. By using the network of partner lottos, KIBO wants to initiate a viral effect and believes that this will not only provide a powerful motivation for getting to know the platform's advantages, but can also attract the attention of a large number of new users to cryptocurrencies and blockchain technology.

The project has been in development since June 2015 and the gaming platform is scheduled to launch by late 2016. As early as September 20, the KIBO team plans to launch preliminary registration for potential owners of their own lotto branch. Registration will be open at kiboplatform.net.