Mitoshi CryptoLotto
Over the years, the global lottery industry has been faced with different challenges ranging from lack of innovation to lack of growth to lack of fairness, and the list goes on and on. These challenges thereby hinders the growth of the industry, and has also made many people loose faith in the industry.
Lack of fairness has always been one big challenge in the industry because I’d how easy it is to rigg the result or outcome of lottery. One of the ways the lotto can be rigged is by attaching the lotto terminal to fake servers to forge the tickets after the draw or to undermine the credibility, making the ticket unredeemable even if they win. It is very vital for there to be transparency on the industry because it brings about trust from the players. That’s why at Mitoshi, we are integrating blockchain technology which decentralizes the chances, making the lottery more transparent.
Another Challenge faced by the industry is the lack of growth due to the lack of innovation and very strict regulations/policies. The growth of the industry has been slow over the years due to lack of innovation. Many lottery companies have been doing the same thing from early 90s till now, not giving their players/customers something new to be excited about. Strict policies that prevent audiences not from a particular country from participating, to taxes and extra charges are brought about because of the centralized and monopolized nature of the lotto industry.
Here in Mitoshi, we intend to use the decentralized technology as a way to work around regulatory policies that inhibits the growth of the lotto industry while making its market much more expandable, accessible and involved.
In addition, the lotto industry is well known for late payout. Most times, payment is done after weeks or months of winning, inconveniencing the players. We plan on using Smart contracts for collecting and distributing funds made from the token sale as well as in paying sales commissions and winnings — instantly.
Mitoshi is here with all the solutions needed to solve the challenges faced by the lotto industry.
Mitoshi Solutions
Mitoshi mobile application
The Mitoshi mobile application will be designed to access the mitoshi platform. This app will hold all capabilities to join each draw as well as navigate through other gaming opportunities provided by the Mitoshi platform. The application can be accessed through both IOS and android. Payout methods
Those who want to purchase these lotto tickets can either go to our website or download the app. They can register and an e-wallet will be assigned to them. They either deposit cash or transfer their bitcoin or ethereum assets into the e-wallets. And can purchase Mitoshi play tokens after these assets are credited. Mitoshi lottery can only be purchased through Mitoshi tokens and will be priced at 1 Mitoshi coin per ticket.
Airdrops, rewards and bounty
Mitoshi will allocate millions of free tokens for airdrops, rewards and bounty. Find out more on how you can qualify to own Mitoshi tokens absolutely free. So you can start winning.
Something that many people dream of on earth but few have ever enjoyed it is the experience of winning the lottery. Many people are tempted to buy tickets that are worth a few dollars later hoping to turn them into hundreds of millions of dollars overnight.
The lottery currently has massive popularity that controls 50% of the US adult market and 75% of the shocking UK market. The Chinese lottery market now ranks second in the US with sales of US $ 68 billion in 2017. We believe that smart contracts on the blockchain platform are the next approach for the gaming industry and we are ready to disrupt the market above. Our mission is to capture the global lottery market by providing a fair, transparent and safe platform that can be accessed by anyone in the world.
Next we will introduce Mithosi and how does Mithosi work ?
Mitoshi is the next generation of online gaming and cryptolotteries powered by the blockchain. Our vision is to bring forth a completely fair, secure and transparent cryptolottery experience that is readily accessible to the global market. Envisioned as a truly international cryptolottery play – it will offer draws that cover the geographies of Asia, North America and Europe. Mitoshi crypolotto tokens can be purchased using fiat and crypto currencies.
Mitoshi is an ambitious project aiming to revolutionize online lotteries using blockchain technology. Mitoshi is conducting a token sale to allow stakeholders an opportunity to join and support the Mitoshi platform. All token buyers and contributors will receive ERC20
exchangeable Mitoshi tokens (MTSH) on the Ethereum network. The Mitoshi token is a core component of the Mitoshi CryptoLotto. It will be used to access the different games and lottos provided within the Mitoshi platform. This design makes the token an integral part of the platform and core component to the lottery’s growth and operations. Token balances and transfers will be tracked by Mitoshi. To mitigate risk from unforeseen circumstances such as large token theft, contract compromise, or a disrupting change in the Ethereum protocol, Mitoshi may opt to freeze token transfers and issue a new token contract with balances replacing that of the original token registry by a certain date. In the event of an Ethereum fork, the Mitoshi team will timely announce which branch it will support.
Mitoshi CryptoLotto
Mitoshi will utilize the blockchain platform and with Ethereum smart contracts for collecting, distributing funds as well as in paying lottery sales commissions through our referral program. With smart contracts, neither winning numbers nor lottery tickets could be counterfeited. Mitoshi Cryptolotto will a decentralized community owned by the internet community – thanks to the power of the blockchain.
Mitoshi will have a widespread lineup of lottery draws. Each draw contains massive payouts for its winners. Mitoshi CryptoLotto will have a global reach, allowing anybody from around the globe to participate by the tap of a finger.
Mitoshi mobile application
The Mitoshi mobile application will be designed to access the mitoshi platform. This app will hold all capabilities to join each draw as well as navigate through other gaming opportunities provided by the Mitoshi platform. The application can be accessed through both IOS and android.
Payout methods
Those who want to purchase these lotto tickets can either go to our website or download the app. They can register and an e-wallet will be assigned to them. They either deposit cash or transfer their bitcoin or ethereum assets into the e-wallets. And can purchase Mitoshi play tokens after these assets are credited. Mitoshi lottery can only be purchased through Mitoshi tokens and will be priced at 1 Mitoshi coin per ticket.
Airdrops, rewards and bounty
Mitoshi will allocate millions of free tokens for airdrops, rewards and bounty. Find out more on how you can qualify to own Mitoshi tokens absolutely free. So you can start winning.
TOKEN SALE
Mitoshi tokens are utility (user) tokens and the sales of its tokens are for the future participation of Mitoshi’s lottery draws in a smart contract platform
Token symbol MTSH
Token sale start
Token sale end
Total amount of tokens 1,000,000,000
Total amount to be sold 68,000,000 or 68% of total issuance
Total private sale US$20,000,000.00
Total pre sale US$20,000,000.00
Token main sale US$60,000,000.00
Soft cap US$10,000,000.00
Hard cap US$100,000,000.00
Accepted crypto & fiat currencies ETH, BTC, LTC, USD
CONCLUSION
Blockchain technology presents several advantages to the lottery industry, making its integration not only immensely beneficial but poses it as a crucial step to further expand the industry. Integrating blockchain technology decentralizes the chances, making the lottery more transparent and more accessible. By making use of Ethereum contracts, Mitoshi will build a lottery that is fair, transparent and secure – and globally accessible to those with an internet and a smartphone.
Furthermore, decentralized technology is a way to work around regulatory policies that inhibit the growth of the lotto industry while making its market much more expandable and involved. Mitoshi CryptoLotto will then be accessible anytime, anywhere with the ease of transaction provided through cryptocurrency via blockchain technology.
Website: https://www.mitoshi.io/
Facebook: https://www.facebook.com/MitoshiCryptoLotto/
Twitter: https://twitter.com/mitoshicrypto
Telegram: https://t.me/Mitoshi_Crypto
Medium: https://medium.com/@mitoshicrypto
Steemit: https://steemit.com/blockchain/@mitoshicrypto
Reddit: http://www.reddit.com/user/mitoshicrypto
Github: https://github.com/loftchain/smart-contracts/blob/master/MTSH.sol
BTT: https://bitcointalk.org/index.php?action=profile;u=1112705