The project:

Kibo is a decentralized option trading platform on Arbitrum, featuring innovative protocol architecture and unique tokenomics. Our goal is to provide a seamless trading experience for users while ensuring deep liquidity in the market. However, Kibo's ambitions extend beyond that – we aim to become the primary derivative provider in the DeFi space. Kibo is built by a team of experienced quantitative analysts, blockchain developers, mathematicians, and quantitative finance researchers, and is backed by top investors in the blockchain industry. Each investor will receive a Kibo NFT, potentially joining you in your Kibo NFT journey.

The Option Feature:

Our first step towards realizing our vision is offering an option feature within our NFT smart contract. A first ! Minting a Kibo NFT resembles buying a Binary Put option for a premium of 0.05 ETH. If your NFT's market value falls below the strike price (0.07 ETH) within the 2-week maturity, you can send it back and claim a payoff of 0.07 ETH. Otherwise, if the secondary market price is higher than 0.07 ETH, selling it there will be more profitable. In simpler terms, if you're not satisfied with your Kibo NFT after 2 weeks, we offer a 14-day money-back guarantee with a risk-free 40% profit.

The minting process: There are two ways to grab your Kibo NFT:

• Get whitelisted by following us on social media to stay updated on partnerships, giveaways, and contests. You’ll follow the same process as below, but you’ll bypass the draw and be selected direcly.
• Participate in the minting day event by paying 0.05 ETH for each Kibo Token you want to mint. After 24 hours, we'll use Chainlink VRF, a transparent and open-source randomness provider, to select winners. Winners can claim their Kibo Token, while unsuccessful users can withdraw their 0.05 ETH. Kibo NFTs have different characteristics and rarity traits, revealed after minting – the process is random, giving every collector an equal chance.

The Kibo NFTs have different characteristics and rarity traits which will be revealed after minting, again as the minting is random even collectors will have an equal chance with regards to the token they will receive.

The roadmap:

In the spirit of blockchain transparency, we haven't established a fixed roadmap yet, and Kibo NFTs are currently considered collectibles for kibo.finance. However, our unique tokenomics could be integrated with our NFTs, creating exciting possibilities. Owning Kibo NFTs might boost your APY, offer discounts on option trading fees, grant access to on-chain raffles for a share of the protocol's generated fees, and much more. As we strive to become a leader in connecting NFTs and DeFi, our partnerships will expand alongside our primary project.

Stay updated on our progress and achievements by following us on our social media channels: