what is krown? Is this quite similar to steemit? However article is interesting. Kucoin is nice exchange to get listed. I will vote for this project. This looks more like medium. By the way, Kucoin is currently ranking 32 on https://coinmarketcap.com/rankings/exchanges/Which is getting quite popular in retail market .. MZG will have good attention with this marketing as well.. I am happy that they are participating in the vote on kucoin. Is kucoin also one of the exchanges moozicore will be having an IEO with? Moozicore is not having an IEO on Kucoin, I believe the voting on Kucoin is one of the listing conditions and I see Moozicore winning the competition. My only fear is that Kucoin requires the use of their exchange tokens for members to vote, though a negligible amount. |
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Guys do you see any update regarding tokens sale/IEO? How it's going and how many Mitoshi tokens sold till now? I don't see such updates at telegram as well.
I visited their website, it shows that they are still live and now on Round 2 in their IEO, but its sad to see that there are no graphs or anything that shows how much did they already sold. What's the site handle you used. I would like to go investigate it myself too. Too bad they is actually very less noise about their token sale. I noticed same, the tokensale is not trending. The team needs to know that there more in organising a token sale. Its not just partnering with an exchange to sell tokens but the team needs to be very knowledgeable about the tokensale and how sales are being executed. I agree with you, the truth is that the team has been doing well in term of project development, but there's much more to be done starting from ensuring that more people are aware of the token sale. Advertising should be budgeted for and executed to give some credence to the project and the team behind it. |
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How do you intend to make money? Since you're trying to build on a decentralized platform which typically means you're giving out content for free. How does the team intends to make money? What other source of revenue?
Every venue pay a monthly subscription of 39,90$ which is even cheaper compared to public institues. So cheaper than paying those people which u usually have to pay when you open up a venue (Google on sesac, bmi, ascap which is around 600-4000$ per year. So the app gives 4 options and 3 options costs something 1. Vote 0.05$ 2. Play a Song 1,50$ 3. Add a song 0.5$ 4. Share it on social media So the prices above are the minimum, also represents the 0.05$ the minimum worth of 1 token in app. Meaning you send 1 token to the app, its worth a minimum of 0.05$ or higher if MZG costs more. All prices above can be changed to a higher value from the venue owner. Example: Nightclub would probably ask for way more for play 1 song, so thats up to them. This is a really amazing breakdown of the ways with which you can earn. You really seemed too good to be true initially but knowing that you have secured ways to earn from the platform as well is relieving. I think the prices are little lower than what most nightclubs pay for music. I guess that’s just the minimum, most clubs would pay more. It’s also a good start for moozicore, low cost would mean people would like to try it out. I actually don't know that nightclubs pay for the songs being played by the DJ. I don't think that is applicable for every country or location. I suppose its based on the regulations of the country. Its a great source of raising funds for moozicore. |
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Mitoshi features of transparency and a fair game could be the games changer they need to get lottery games players, gamblers and other people interested in winning. I think with mitoshi every one is a winner.
Unlike traditional gambling, mitoshi platform allows players to play from home. You just need to get mitoshi app on App Store or play store and play with mitoshi tokens. I think that’s also a good point. I guess we’ll like it. Lottery results will be known to everyone immediately after winner get selected. And best thing is that no human is going to pick the winner but it will be by system randomly. i believe the idea of the whole system is to promote transparency as much as possible, the only thing am yet to understand right now is how will blockchain aid the whole lottery platform Am certain of the fact that there's endless potential and possibilities with blockchain technology. Blockchain technology can be deployed in ensuring that the transparency you know about is achieved more efficiently. Blockchain would make the lottery platform accessible to everyone irrespective of their locations and seems cryptocurrency is the means of payment for lottery, blockchain technology is involved in the payment for the lottery. This is only a handful, there are many more areas where blockchain technology will be useful. Even though this is Blockchain technology making global reach/participation, accessibility easy. I guess local country rules still will be an issue for this global lottery platform. Local country rules is only going to be necessary when mitoshi has an offline presence in the country in question. One of the major reasons why mitoshi chose to utilize the blockchain technology is to be invincible to governmental regulations. |
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Yes Bounty program is running quite good for this project and hence I expect good reach to the community. How much they have raised until now? Any idea? I don't think the team has released such information to the community. I've been relatively consistent on the telegram group as well as some of their social media handles and have no idea of the amount raised from the tokensales. I wouldn’t expect a full details on funds raised just now. I think we would have to wait still the end of the funds raising and IEO. I think they are having a good tokens sales. I hope Mitoshi tokens are sold out and it gets listed. There is no information on the attracted funds in the telegram channel. The team now offers its investors tokens with a big bonus of 20%. I think who wish to participate in such a promising project will be enough. The bonus and incentive given to investors are obviously very attractive, but the issue is that we would love to know how much tokens have been sold since the inception of the tokensale. I have a strong conviction that informations like that could influence the potential investors in making their decision. |
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How do you intend to make money? Since you're trying to build on a decentralized platform which typically means you're giving out content for free. How does the team intends to make money? What other source of revenue?
Every venue pay a monthly subscription of 39,90$ which is even cheaper compared to public institues. So cheaper than paying those people which u usually have to pay when you open up a venue (Google on sesac, bmi, ascap which is around 600-4000$ per year. So the app gives 4 options and 3 options costs something 1. Vote 0.05$ 2. Play a Song 1,50$ 3. Add a song 0.5$ 4. Share it on social media So the prices above are the minimum, also represents the 0.05$ the minimum worth of 1 token in app. Meaning you send 1 token to the app, its worth a minimum of 0.05$ or higher if MZG costs more. All prices above can be changed to a higher value from the venue owner. Example: Nightclub would probably ask for way more for play 1 song, so thats up to them. Please I'll like to know if the fees for playing music is for individuals or corporate organisations. It would be too expensive for individuals to pay that amount to play music from the application. Nightclubs and recreational houses could afford that, but not individuals. |
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In my opinion, I would say the reason for the reduction in price is because the team realised that the level of participation in round one is below expectations and choose to reduce the price so as to attract potential investors. I only hope that the tokensales is successful.
I am not aware of the price reduction. Is this already announced? If they announce such news, they would have given proper rationale for doing so. The price reduced was simply for the round two tokensales and people are of the opinion that its unusual to have a lesser price for round two as compared to the price in round one. I don't see this to be an issue because the team has the monopoly of power to set prices for their tokens. I don’t think that’s right. The team should compensate people who participated in the first round. I guess that should be in mitoshi tokens. I guess the listing price would be a lot more higher, so everyone makes good profits. I agree with you, there should be some sort of compensation for those that participated on the round one tokensale, though this may be difficult if the tokens have been distributed to the participants already. It may be additional tokens or some kind of incentive. |
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It's quite a good way of rewarding the work of music creators and add to their source of income. With this strategy, several musicians would be willing to promote their songs on the platform.
The honest truth is that several music creators would lobby to have their work on the platform without any financial reward this is because of the promotion which the platform would give them. To have a song created by me playing to the whole world is enough reward for me. Since moozicore could give me that, what else can I ever need? |
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I consider this project very interesting, it's not only bringing great music to people on various avenue, but also ensuring that the songwriters and artists are greatly rewarded for their efforts. I personally believe that this project would be of immense benefit to everyone irrespective of country or location.
Am pleased with the fact that the project makes arrangements to pay the songwriter and ensure that they get rewarded for the songs written and accepted on the platform. I would like to know more about the payments which would be distributed soon. |
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Anyone knows when the ICO is starting and what will be the price per tokens during ICO? I checked their website and I don't see the dates of ICO.
I asked on telegram. I don’t think they are ready for that. There’re quite a few things you need to get in place, that’s if you want to have a successful fund raising. Hope they get an MVP ready too. I thought there was an information on the website that the ICO would be commencing this month which is July, the team needs to be certain about the road map before publishing. I hope that they finalise whatever its delaying the commencement of the ICO. The project has a long way to go, so there shouldn't be any delay. You are right they mentioned ICO will start in July but dates are not mentioned and I dont think now it will be in July. They might have changed the plans. It's still possible for the ICO to commence this month, though the possibility may be low, I guess it's better we give them benefit of doubt and keep our fingers crossed, hoping that the tokensale would commence anytime from now. From my experience in this space, I know that tokensale comes with some level of promotion and the date is always very useful in creating this anticipation. I've not seen when tokensale happened suddenly, the team would need to give an update on the tokensale formally before we can start. |
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Just simple things sometimes gives us good confidence.
When I visited the site I noticed that they have impeachment some security features even for visiting the site. I mean it check for our browser settings, ddos attack prevention is there. This tells that we can visit the site without any worries and hope we can play lottery with similar confidence.
That's really cool. To have that high level of security means they have access to a cyber security expert and knowing this can bring a lot of relieve to those who are scared of security threats. There are huge numbers of lottery players in the world and prize money is in millions of USD. So it makes sense to keep the platform safe from hackers. Once users are confident about the security at the platform they will deposit money with confidence at this platform for playing the lottery. Mitoshi should be aware of the increasing risk associated with the cryptocurrency industry and that the platform needs to be very secured to prevent the users from suffering from loss of funds or data. I want to believe that necessary measures have been made to prevent the issue of data breach by scammers. |
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What will happen once round one is completed and round two starts? Will there be changed in token price in second round and or reduced bonus?
The round two started yesterday which was the 12th of July and would be running till the 18th of July where tokens would be sold at $0.0222 as against the price in round one where tokens was sold at $0.00185. As you can see there's a little adjustment in price. It would be very wise for one to take advantage of the tokens now because am certain that in the next round which is the third round, the value of the tokens should be higher. The team ought to make some provision for bonuses to serve as an incentive for potential investors. |
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At the site, they mentioned that "Project supported by Swarovski House" does this mean Swarovski House is the partner in this project? Or they do have some different kind of agreement?
Sarowsky is a big name in luxury products and jewelries. Has a lot of cool products and very popular with top designers. I think he would like projects like bow token, which would help users of luxury (sarowsky) products around the world verify products before purchasing. Okay, so this means Bow team will officially sell Sadowski products. Nice deal for both the brand's. I know bow yet to become a brand but it will be in short period of time. It's not official yet, but we look forward to seeing Bowcoin market place partner with the designer for the marketing and sales of the brand to the public. I see Bowcoin gaining more good partners in the industry and growing to be a force to reckon with globally. |
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I can see on your website, you have 10% of funds raised set for promotions and advertisement of Mitoshi Project. That’s a good amount, and like every new blockchain project you need it. What promotions, bounty or advertisement do you have going on?
I'm certain mitoshi have a bounty which is ongoing presently in this forum, you can check the market place section to know more about the bounty. The team would be carrying out airdrops at intervals to promote the platform and the project, and obviously they should be carrying out several advertising intermittently to create awareness. |
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Just simple things sometimes gives us good confidence.
When I visited the site I noticed that they have impeachment some security features even for visiting the site. I mean it check for our browser settings, ddos attack prevention is there. This tells that we can visit the site without any worries and hope we can play lottery with similar confidence.
Interesting. Alot of people do not participate in lotteries basically for security threats and the likes but here we see an improvement in that regard meaning that a large pool of customers can be built on a scale of confidence that they are highly secured. A key area to look at now is communicating this to the community to boost their confidence I must confess that the team are very assiduous and committed to the success of the project, but we would appreciate if they could be more vocal by sharing their achievements consistently with the community, the upgrade on the website was seen by a community member and communicated, the team should learn to do same. There's a popular adage that says '' communication is the life wire of every relationship ''. It would be impossible for the community to know several great deeds of the team as regards the project without active communication. I understand that the team has been judiciously communicating on the telegram group, but they should be more diverse in reaching out to the community members. |
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I personally don't seem to understand how the coin would survive in the longrun. If it keeps reducing per transaction, in a few years time the tokens could be out of existence coupled with the fact that the supply is only about 2.9m.
The project use case is quite funny, an escrow platform would need to send transaction consistently and with a constant reduction in the number of the token, it's obviously not sustainable. |
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Obviously the support of Swarovski (if its true) give such a project an upper hand and wins the confidence of many investors. That's why many projects are moving in that direction now. Authenticity is key
It's an obvious fact that getting such a laudable partnership with a renowned designer would give the project an edge and more investors would flock to the project, but as it stands there's no potent prove to suffice the authenticity of bow coins claim, I do hope that the team would do more in solidifying their claim on the partnership. Right, partnerships will make this project successful one. It will take more time for them to establish as a brand if they don't go with partners Yeah not just partnership but with renowned companies that have capacity to attract investors to the project moreover the bowtie can do pretty better with some other related products like wears that are quite attractive and can move market It's great to have renowned companies partnering with bow coin, but it would be unwise for the team to be fixed on getting renowned companies when they can start with what they have and build up to be attractive to the big organisations. |
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