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.submitted by mitoshicrypto to u/mitoshicrypto [link] [comments]
Lotery is GoodMaybe 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.
Mitoshi CryptoLottoThis is what drives Mitoshi to become a Blockchain-based online gaming and lottery platform. By using a system like this, it allows Mitoshi to run the most secure and transparent system in the world of lotteries.
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.
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 SolutionsMitoshi 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.
Token SalesToken symbol MTSH
Token sale start
Token sale end
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, LTC, USD
Minimum purchase limit
For more information about Mitoshi, you can send message to https://t.me/Mitoshi_Channel
Whitepaper: coming soon.
Bitcointalk Username : Thymoty
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1072412
Darius Sit, Cosmochain’s advisor and Managing Partner of QCP Capital, contributed a very insightful article today to Singapore’s Business Times!submitted by Cosmochainofficial to u/Cosmochainofficial [link] [comments]
Darius Sit, Managing Partner of QCP Capital
A LARGE funding gap exists in the infrastructure space. Available funding covers only 10 per cent of sanctioned projects (about US$730 billion per annum), while 90 per cent of financing for Asian infrastructure projects comes from the public sector. To that end, private sector participation has been prescribed as a remedy for the funding shortfall — but this solution still, admittedly, also requires a supportive ecosystem to render the infrastructure assets more palatable and tradable. We believe that asset tokenisation via blockchain technology can play an important role in developing this ecosystem.
Blockchain is essentially a ledger, a copy of which is owned by every participant in a network, and into which new entries are entered only through majority consensus. This ensures transparency, security, and immutability — three crucial characteristics for investor confidence.
These characteristics — inherent to blockchain — reduce, or even completely remove, the need for intermediaries, leading to significant time and cost savings. Putting securities onto the blockchain would turn them into “tokens”: digital representations of the security that exist only on the blockchain, and in this article’s case, they would be backed by the full faith and collateral of the infrastructure assets underlying them. Tokens are the modern-day Digital Asset-Backed Security.
The digital nature of these tokens allows for securities to be fractionalised into as small a unit as needed (for example, Bitcoin prices are to 18 decimal places). Once offered on the borderless Internet or via a smartphone, the pool of potential investors in these tokens — be it institutional, high net worth or retail — is opened up by orders of magnitude. Since tokens are globally tradable at the speed of information, they become a super-liquid investment for raising infrastructure capital across client segments, and for promoting financial inclusion. Things that have eluded traditional infrastructure financing models for a while.
Our view is that the divisibility, blockchain technology, tradability and financial inclusion aspects will make digital tokens vast, global, inclusive and liquid, as opposed to unit trusts, or other such commingled funds, which are clunky, heavily intermediated and expensive.
For these reasons, blockchain and tokenisation are increasingly seen as potentially one of the most disruptive technologies in decades. This has been especially true for venture capital fundraising. According to Business Insider, Token Generation Events (TGEs) or Initial Coin Offerings (ICOs), raised upwards of US$4 billion in 2017, an exponential jump from the US$265 million raised in 2014–16. This growth is not slowing; 2018’s figures already show year-to-date funding of US$3.4 billion.
Venture capital insiders like Venrock’s David Pakman acknowledge that a monumental shift is occurring within his own industry, particularly with respect to the democratisation of everything that technology can lay its hands on.
The same phenomenon could potentially revolutionise infrastructure funding as well.
Digitising infrastructure projects through the blockchain would enable the recording of data in great detail and with full transparency; everything from valuation and risk management mechanisms, to the various parties involved, key construction milestones, records of maintenance works, mitigation of corruption, reduction of deadweight losses and, most importantly, clarity of ownership rights.
With this, tokenisation enables the fractionalisation of ownership. Trustless and immutable blockchains track individual ownership rights and allow them to be publicly verified. Those rights become extremely transferable. Moreover, smart contracts, or self-executing contracts that run on blockchains, will reduce the time, complexity, and paperwork required for deal execution and settlement, decreasing the need for extraneous legal services and other intermediaries.
Tokens can also be used to incentivise independent parties, such as Singapore-based infrastructure consultancy company, Surbana Jurong, to rank and rate — or perhaps even validate — infrastructure asset structures in a decentralised, crowd-sourced manner. That is, instead of having rating agencies, a token-curated registry of infrastructure assets and characteristics could be validated and deployed. A token-curated registry could also be used to rank and rate infrastructure assets by having the parties who rate or vet the assets stake tokens that are bound to their own rating assessment.
In a related context, Surbana Jurong — by using its vast operating knowledge and independence, along with its validation of project time, cost and quality — has already teamed up with the ADB’s Credit Guarantee & Investment Facility to support the derisking of traditional forms of infrastructure project financing.
These factors would exponentially increase the investor base for infrastructure projects the same way it did for venture funding. It is a win-win situation; tokenisation would provide access to infrastructure projects for large segments of the private sector that are constantly hungry for quality investments but were previously unable to participate.
The case for the tokenising infrastructure is a good one; there is clear utility towards resolving issues of instrumentation, exchanges, and liquidity for infrastructure projects. But blockchain is not, in itself, some technological panacea. There remain questions about governance, and how an overall ecosystem will manage valuation and risks well. Attempting such a paradigm shift in infrastructure financing would probably also benefit from governmental involvement in the early stages; if only to reassure about regulatory compliance, and the legal enforceability of smart-contract-based securities. This favours places with good governance, and adherence to the rule of law.
In that respect, Singapore can indeed take its global blockchain and global infrastructure financing hub aspirations a bit further by conjoining the two, especially given recent policy announcements that public bodies can now issue infrastructure project bonds.
We are ideally placed to develop this new model of financing, and it is exciting that the Centre for Asset Management Research & Investments (CAMRI) at the National University of Singapore is working with asset managers like ours to explore the securitisation of infrastructure assets on the blockchain. The success of such early moves in Singapore would be a significant first step, and would stand to benefit a wider public: democratising and opening up potentially lucrative infrastructure assets to a host of new investors, including retail, while creating new opportunities for more infrastructure capital fundraising and investment in developing nations.
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