About Mitoshi Smart Lotto
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.
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 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 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|
- 68% Token Sale
- 15% Team
- 10% Advisors and Partners
- 7% Bounties and Airdrops
||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|
Mitoshi Token Sale
- 50% Set-Up of Winnings & Reserve Fund
- 20% Technical Development
- 15% Promotions and Marketing
- 10% Sales Commission
- 5% Admin and Global Operations
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.
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.
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.
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.
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.
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.