MITOSHI CRYPTOLOTTO

Uncategorized 6 Minutes

The Future of Lotto On Blockchain

About

MITOSHI IS the next generation of online gaming and crypto-lotteries powered by the blockchain. Centralization in global lotteries today heavily hinder the growth of lotteries. Taxation, slow payouts and regulations is hurting the industry. Mitoshi CryptoLotto aims to solve this using smart contracts on a blockchain platform. Mitoshi CryptoLotto will bring forth a completely transparent and fair lottery experience to the global market. Players will be able to enjoy a wide array of lottery games with nearly instant payouts. They will be able to enjoy a completely transparent platform that ensures fairness and enjoyment in their gaming.

Lotteries today have massive popularity capturing 50% of the US adult market and a staggering 75% of the UK Market. The Chinese lottery market now ranks second to the US with sales at US$68Bn in 2017. We believe that smart contracts on a blockchain platform is the next approach to the gaming industry and we are ready to disrupt the above markets. Our mission is to capture the global lottery market by providing a fair, transparent and secure platform that is accessible to anyone around the globe.

We are launching the Mitoshi CryptoLotto ICO as a crowdfunding initiative to pursue this viable and profitable project as well as reward our early supporters. Participating in Mitoshi’s token sale will allow you a much cheaper inclusion to play in our online draws and will give you full access to the Mitoshi platform. Furthermore, the mitoshi tokens will be tradeable in cryptoexchanges once our ICO concludes, granting full access to trade and sell your Mitoshi holdings.

Vision

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.

A Lottery Built on Smart Contracts

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 have a decentralized community owned by the internet community – thanks to the power of the blockchain.

Global Draws

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.

Challenges of the Global Lotto Industry

Issues and challenges in industry have not only hurt the industry, but have also hindered its growth. We look at the more pressing reasons why today’s traditional lotteries need to evolve.

Lack Of Fairness And Transparency

A recent study went into how exactly a lottery can be rigged, tampered and cheated – arising questions such as the validity and “realness” of the winning ticket; fair allocation of ticket proceeds to the prize pool; is the winning number drawn in a random and secure manner; and does someone really win it and not just go to a handful operators. A lottery based on smart contracts should address each and one of these concerns.

Lack of Innovation

Traditional Lotteries have not shown any innovation and don’t have much room for variety in game development. Mitoshi cryptolotto will offer fresh and winnable draws without compromising on fairness and on its entertainment value.

Stunted Growth

Expanding markets is a formidable challenge in the industry because of the difficulty in attracting new players or retaining existing ones, which not only makes it likely to be reliant on addiction. This makes it somewhat reprehensible, but this also makes it more difficult to pursue and implement new sales channels.

Regulatory Setbacks

Traditional lotteries today are hindered with regulations – from territorial limits that prevent audiences from other countries in participating into the big jackpot draws to taxes and extra charges. Centralized or monopolized operators bring about regulations, to include even state controlled ones. These regulations hurt the prize money that should be going to the players.

Long Payouts

Spanning anywhere from weeks to months after the results, traditional lotteries have been notorious to distributing prize winnings extremely late with a lot of verification checks in the identity and the ticket. This is a major inconvenience to the players, and a practice that shouldn’t be tolerated.

Solution

Integrating Smart Contracts On A Blockchain Platform

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.

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: 15 June 2019

Token Sale End: 14 Nov. 2019

Total Amount of Tokens: 100,000,000

Total Amount to be Sold: 68,000,000

Total Private Sale: not applicable

Token Pre-sale: 8 Million USD

Token Main Sale: 2 Million USD

Soft Cap set at:2 Million USD

Hard Cap set at: 10 Million USD

Accepted Crypto & FIAT Currencies:ETH, BTC & USD

Minimum Purchase Limit:25 MTSH Tokens

Token Distribution

68% token sale

15% team

10% advisors and partners

7% bounties and airdrops

Funds Allocation

50% set-up of winnings & reserve fund

20% technical development

15% promotions and marketing

10% sales comission

5% admin and global operations

Roadmap

Executive & Management Team

TC Picardo : CEO & FOUNDER

Norman Velasco: COO & CO-FOUNDER

Rob Jumchai: CHIEF MARKETING OFFICER

Jocelyn Peralta: FINANCE & ACCOUNTING

Aries Sanday: BUSINESS DEVELOPMENT

Development Team

Alexander Podrezov: BACK-END DEVELOPER

Julia Drobnitsa: UX / IU DESIGNER

Cyrus Bitangcol: IT Consultant

Anton Koltsov: Protocol Achitect

Sergey Provalinski: FRONT-END DEVELOPER

Marketing Team

Celeste Paras: TEAM LEAD FOR MARKETING

Raizalyn Razo: MARKETING STRATEGY & PARTNERSHIPS

Kris Manalo: LISTING MANAGER & MEDIA PARTNERSHIPS

Awele Kimberly Ajiduah: MARKETING ASSOCIATE

Jerick Alcancia: MOTION GRAPHIC ARTIST

Rowena Ma. Clara Cos: COPYWRITER

Community, Social Media and Bounty Management

Kashif Syed: COMMUNITY MANAGEMENT

Hazel Olivar: COMMUNITY MANAGEMENT

Geneva Padua: COMMUNITY MANAGEMENT

Philip Smart Kolawole: SOCIAL MEDIA & BLOG SITES

Sarah Bautista: Social Media Management

Chen Chee Fah: BOUNTY MANAGER

Advisors

Kim Zafra: Technical Game Advisor

Nikita Melnikov: BLOCKCHAIN & SMART CONTRACT ADVISOR

Chirs Butler: ICO ADVISOR

Anthony Abunassar: FINANCIAL ADVISOR

Zarrar Khan: MARKETING ADVISOR

Shaksi Khan: LEGAL ADVISOR

Nancy Rushner: LEGAL ADVISOR

Ji Jin: TECHNICAL AND BLOCKCHAIN ADVISOR

Saurabh Singla: STRATEGY ADVISOR

Nikita Vaselivich: Marketing Advisor

Shehzad Khan: Business Development Advisor

Author: Foto lama

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1957113

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