The blockchain technology started as the backbone of a digital currency known as bitcoin, but is gradually taking over every industry from financial industry to agricultural industry, and so on. And in the near future, it will be a force to reckon with. Among these industries that are integrating the blockchain technology into their operation is the lottery industry.
Lotery is Good
Maybe your kid is sick and there are hospital bills to pay. Maybe you’ve lost your job and you’re worried about making rent. Maybe you still have a job, but it sucks, and you’d really like to spend the next 50 years lying on a beach with a mai tai in hand.
Whatever your predicament, the current estimated Powerball jackpot of $1.5 billion could fix it. Which makes us wonder — when it comes to playing the lottery, are we all just damsels in distress?
“People love to have a rescue fantasy,” human behavior expert Dr. Wendy Walsh told CNN in 2011 when the Mega Millions jackpot hit $656 million. “We have the Cinderella complex — there’s a fairy godmother who’s going to come in and save us.”
We’ve all heard the statistics. Your chances of winning the Powerball jackpot are about one in 175.2 million. You’re more likely to die from a bee sting (one in 6.1 million), be struck by lightning (one in 3 million) or have conjoined twins (one in 200,000).
But people keep playing — most likely because the thought of winning is much more fun than the thought of being attacked by a shark (one in 11.5 million).
“It doesn’t faze them because they’re in love with hope,” Walsh said.
For the 2012 fiscal year, U.S. lottery sales totaled $78 billion, according to the North American Association of State and Provincial Lotteries. More than half of us have played the lottery in the last year, although 20% of customers buy the majority of the tickets.
Part of the allure is that everyone else is doing it, said Dr. Stephen Goldbart, author of “Affluence Intelligence” and co-director of the Money, Meaning & Choices Institute.
In a Psychology Today article titled “Lottery-itis!” Goldbart noted two main reasons why people buy tickets.
Irrational or not, millions will sit around their TV and computer screens, praying that the six numbers they’re clutching will appear.
They’re optimistic that the fairy-tale ending they’ve been waiting for will come, even if it takes a little magic.
How it Works
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.
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.
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 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
Minimum purchase limit
For More Information You Can Visit Link Below :
Website : https://www.mitoshi.io/
Whitepaper : Coming Soon
Telegram : https://t.me/Mitoshi_Crypto
Facebook : https://www.facebook.com/MitoshiCryptoLotto/
Twitter : https://twitter.com/mitoshicrypto
Linkedin : https://www.linkedin.com/company/mitoshi/
Github : https://medium.com/@mitoshicrypto
My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2279550
My Ethereum wallet: 0xB00B339F3Da6b471A253Bf4f94000b1e769D86B8