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
Proceed allocation
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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