Kibo Partners, a company promoting an unregulated Bitcoin lottery, has failed to disclose its ownership or management structure. The domain kibopartners.com was registered in July 2015 but kept private. Evidence strongly suggests Russian administration behind the operation.
Traffic analysis from Alexa indicates Russia accounts for over 58% of visitors to the Kibo Partners website. Further supporting this, the company’s associated lottery platform, KiboLotto, defaults to the Russian language. This lack of transparency regarding leadership is a significant red flag for potential participants.
KiboLotto is presented as a blockchain-based lottery system designed to be provably fair and accessible globally. The platform claims to eliminate result manipulation and allow instant prize payouts without additional fees. However, KiboLotto operates without regulatory oversight and conducts its transactions using Bitcoin and other cryptocurrencies. Marketing materials advertise jackpots fixed at $1 million, with tickets starting at $1. The lottery, however, has not yet launched, with the website stating it is "coming soon."
The compensation structure for Kibo Partners affiliates involves earning commissions from both lottery ticket sales and the recruitment of new affiliates. Customer commissions are paid through a seven-level unilevel compensation plan. This structure places an affiliate at the top, with personally recruited members on level one. Subsequent recruits of those members fill levels two and below, down to a theoretical infinite depth. Kibo Partners caps payable unilevel commissions at seven levels, offering a 10% commission on revenue generated from each level.
Affiliates also earn direct recruitment commissions. The amount paid depends on the membership tier purchased by the newly recruited affiliate. Recruiting a "Standard" affiliate, which costs $560, yields a $110 commission. Recruiting a "Premium" affiliate, costing $2900, results in a $320 commission. Residual recruitment commissions are also distributed through the same unilevel structure.
The Kibo Partners website offers no information about who owns or operates the business. The domain registration details are private, obscuring the registrant's identity. Website traffic data from Alexa shows a significant portion of visitors originating from Russia, and the associated lottery platform, KiboLotto, defaults to Russian. These factors strongly suggest that individuals in Russia are behind the Kibo Partners operation. Participants should exercise extreme caution when considering any investment or participation in a venture that does not openly identify its leadership.