About Mitoshi CryptoLotto Spreading the joy of winning, one jackpot prize at a time! Be involved in the BlockChain Revolution!
We are taking Mitoshi to the forefront of lottery by leveraging on the power of smart contracts on a blockchain platform. By making use of smart contracts, we will build the future of online lottery that is globally accessible in a fair, transparent and secure environment. So you can have the confidence to bet on a winnable draw without compromise.
Lack of fairness and transparency, lack of innovation, global centralization, taxation, slow payout and regulations are some of the challenges being faces by the global lottery industry. These challenges thereby hinders the growth of the industry. At Mitoshi CrytoLotto, we are fully aware of these challenges and aim to solve them using smart contracts on a blockchain platform.
By making use of the ethereum smart contracts, Mitoshi will build a lottery that is fair, transparent and secure, and globally accessible to everyone that has a smart phone and an internet connection. In addition, Mitoshi will be the biggest disruptor in the gaming and lotto industry as it will offer itself as an investment, a play and a source of revenue.
WHAT MAKES MITOSHI STAND OUT FROM OTHER LOTTERIES?
After a thorough research about the lotto industry, Mitoshi was able to detect some loopholes, and have found a way around them all in order to serve our customers and players the way they truly deserve. This research helped us to come up with special features for our lottery.
When no bets match the winning numbers, the jackpot breaks at a pre determined draw date and is distributed to active players of that draw. Everybody wins!
One of the special features that makes Mitoshi stand out from other lotto company is the fact that there is no possibility of system abuse because we will be integrating blockchain technology which is decentralized, reducing the chances of the system being abused to the minimum level. Blockchain technology presents several advantaged to the lottery industry, making its integration not only immensely beneficial, but poses it as a crucial step to further expand the industry.
Another interesting feature is our payment method. Winnings are paid out almost instantly regardless of the size. Unlike other lotto companies where payments are made after some weeks or months not minding the plans the player has for his money. And the best part of this feature is that our payments are not taxed. Whatever you win is completely yours. At Mitoshi, distribution and payout procedures are transparent and supported by smart contracts.Referral commissions are paid out almost instantly while sales commission payments are secured by smart contracts and provide token holders with an almost endless source of income. Isn’t this interesting?
Furthermore, Mitoshi crypto lotto is anonymous, and cannot be banned. You only need Internet access and a cryptocurrency wallet to play with it.
Our lotto will not be regulated by government policies because we intend to use the decentralized technology as a way to work around regulatory policies that inhibits the growth of the lotto industry while making its market much more expandable, accessible and involved.
Our 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 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 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.
Our 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.
Website https://www.mitoshi.io/
Whitepaper : https://www.mitoshi.io/files/Fold_Brochure.pdf
Github: https://github.com/loftchain/smart-contracts/blob/master/MTSH.sol
BTT: https://bitcointalk.org/index.php?topic=5045268.new#new
Facebook : https://www.facebook.com/MitoshiCryptoLotto/
Twitter : https://twitter.com/mitoshicrypto
Medium : https://medium.com/@mitoshicrypto
Linkedin : https://www.linkedin.com/company/mitoshi/
Reddit : https://www.reddit.com/user/mitoshicrypto
Telegram : https://t.me/Mitoshi_Crypto
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