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NewbieActivity: 20Merit: 0 KIBO Lotto (platform): possible scam! September 20, 2016, 11:52:57 AM #1 Be careful, friends, famous russian scammers coming to crypto and aims on fundraising via ICO this autumn. kiboplatform.net - there are lots of information about people behind this project. Especially in Russian. Just be careful.

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Hero MemberActivity: 1008Merit: 500 Re: KIBO Lotto (platform): possible scam! September 20, 2016, 07:15:23 PM #9 Quote from: Sam123 on September 20, 2016, 07:00:25 PM Quote from: ICOcountdown.com on September 20, 2016, 12:39:05 PM The company is based in Singapore, I do not know it's association with Russia.



Alex,

Do you believe it's a SCAM based on your knowledge and research?

I believe you said somewhere do not invest on any ICO if the team is unknown or if there no ESCROW

Thanks,



https://steemit.com/bitcoin/@azzot88/kibolotto-is-a-scam



Alex,Do you believe it's a SCAM based on your knowledge and research?I believe you said somewhere do not invest on any ICO if the team is unknown or if there no ESCROWThanks,

From my research here is what I have concluded, there has been an event and it has been used for the purposes of promoting Kibo in Singapore.



Do I know any of the developers. No I do not, I have told them the best idea is to reveal identities.



Escrow protection I do not believe there is no current escrow protection, the community really has to focus in on these things.



Smart contract code - It has not been released yet, so any code vetting cannot be done currently.



Do they understand business - my guess is yes from the details I have read and the explanations they have written.



I hope this helps, the community really has to put pressure on them for these ideals. I am currently waiting for a vetting of the contracts - I really hope they make the correct moves here, because no contract vetting at the start especially for Ethereum soldiity smart contracts is a big problem and they have 11 days.



I hope this data helps. From my research here is what I have concluded, there has been an event and it has been used for the purposes of promoting Kibo in Singapore.Do I know any of the developers. No I do not, I have told them the best idea is to reveal identities.Escrow protection I do not believe there is no current escrow protection, the community really has to focus in on these things.Smart contract code - It has not been released yet, so any code vetting cannot be done currently.Do they understand business - my guess is yes from the details I have read and the explanations they have written.I hope this helps, the community really has to put pressure on them for these ideals. I am currently waiting for a vetting of the contracts - I really hope they make the correct moves here, because no contract vetting at the start especially for Ethereum soldiity smart contracts is a big problem and they have 11 days.I hope this data helps. http://icocountdown.com