Mitoshi CryptoLotto bounty

What is MITOSHI?

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.

Vision

Mitoshi CryptoLotto will be the future and forefront of online lotteries. We aim to become the world’s biggest and most accessible cryptolotto by offering a lottery platform that boasts in its features, accessibility, as well its fairness.

Mission

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.

Challenges on 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 fairness transparency

A recent study went into how exactly a lottery can be rigged, tampered and cheated – arising questions such us 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.

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.

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.

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.

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.

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.

Mitoshi 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: 27 January 2019

Token sale end: 25 August 2019

Total amount of tokens 1,000,000,000

Total amount to be sold: 680,000,000 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 & USD

Minimum purchase limit: TBA

Token allocation

  • 68% token sale
  • 15% team
  • 10% advisors and partners
  • 7% bounties and airdrops

Proceed allocation

  • 50% set-up of winnings & reserve fund
  • 20% technical development
  • 15% promotions and marketing
  • 10% sales comission
  • 5% admin and global operations

Roadmap

April to June 2018

Research

Business case formation

July to September 2018

Team formation

Preparation of sale

October 2018 to January 2019

Private sale

February 2019

Presale (30% Bonus)

Start of Games Development

March 2019

Presale (25% Bonus)

April 2019

Presale (20% Bonus)

May 2019

Presale (15% Bonus)

June 2019

Presale (10% Bonus)

July 2019

Presale (5% Bonus)

Launch of www.playmitoshi.com website

Launch of 4 Lottery Draws

August 2019

CrowdSale Period (No Bonus)

September 2019

Exchange Listing

Mobile App Release of Games [Android]

Launch of 3 More Lottery Draws

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Publication author

offline 2 weeks

bakmi02

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Comments: 0Publics: 88Registration: 14-10-2018
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