What are the problems with the current lottery industry?
One of the biggest issues within the lottery and casino industry is that users of the platform’s users cannot confirm that the game is fair, or can be trusted at all. The data is stored on a central device where a small group has insight into all data that can be adjusted in their favor. That’s how they make money, and that’s the way they know they’re making money in the days to come. If today’s casino games had been completely fair, the gaming companies would not have such a profitable business. In the US, it is estimated that around 10 million (2.6%) of the population suffer from gambling addiction, and the number is steadily increasing even if running a casino company is illegal in most parts of the country.
This only gives an advantage to the casino companies who will, of course, operate the business from abroad where they can play with the gamers with their own rules. In many cases, the users are entrusted to the platform with free money that can be used inside the games, on the bets the chances of winning will be significantly greater than on the real game. There they can adjust the winning chances to the minimum.
Mitoshi – Making lotteries transparent
This is where the Mitoshi ICO steps in!
The project we take for us is called Mitoshi and will solve the endless issues in the lottery industry by making all of the data exchanged in the games transparent and decentralized to the public so anyone can enter and verify that the game/lottery is being implemented fairy. The problems that blockchain can solve within this range are countless. Everything is fair, you do not have to wait several days for the money to come into account when everything is automated. There is no longer an intermediary that intervenes with your experience. You decide which addresses you send and receive from. You have control of everything, because it’s your game. You do not need to provide personal information such as address, bank and credit card number and such. This because it is not needed in any way, as the platform is decentralized.
If you are going to bet, it’s the only money you should risk losing, and not having to reveal yourself with all of the personal data such as credit card info, passport scans and similar documents that can be misused extremely easy.
In total, one billion MTCH tokens will be created. 68% of these will be available to the public through the ICO.
The minimum requirement for their funding is $ 10 million, and the maximum cap will be up to 100 million dollars, which are ambitious figures in a market where most days are red by day.
According to their roadmap, so business plan, their applications / games should be available for Android devices already next fall.
To find out more about the token sale, the team behind, their products and more, visit their website at Mitoshi.io.
Learn more about the project in the video below: