I visited their website , and its been a week and the hard cap doesn't change, are they still updating their website? It stuck with $130k. it really takes a while. any updates ?
I guess there's some misconceptions from your end or better still, you didn't read the update which was stated in the website. The ICO is yet to commence and would kick start this month of July. The amount that was raised which you saw was for the completed Pre - ICO |
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I’ll like to win cryptocurrencies on your platform. It’s like a free cryptocurrencies give away, but just to lucky people. I’m lucky, so I will win. Do I need to sign up?
If the platform was only concerned about people who are eager to win cryptocurrency without any financial commitment, then most likely they'll be out of business. I personally don't know the clear cut division between lottery and betting, but I believe there's a difference and that's why issues of trial of luck may be housed in betting. Sounds similar to me. Users have to put in a required amount of money, this time mitoshi tokens. And users have to pick a side. Hopefully, we get to see more fun games on mitoshi platform and not just the lottery. Is there a limit to the number of time anyone can play (to limit individual losses or wins)? In opinion, there should be no requirement for limit anyone can play, since individuals are not playing for free, one of the purpose of charging money for the lottery is to make limit the number of people playing. If any participant is buoyant enough to play several times, let him play as long as he pays for the lottery. Mitoshi will be giving rewards for winners in fiat currencies or in crypto currencies? In case of crypto will it be Mitoshi tokens or BTC, ETH? Or anything else? am guessing they would pay winners with mitoshi token or BTC depending on how and what was staked, they can also make provision for fiat lottery It’s specified, MITOSHI Tokens would be the only cryptocurrency tokens in the platform. I guess that’s for transparency. I think fiat would be an amazing option too. I’ll like to play with fiat. Fiat would be the most preferred means of exchange for most people, but I don't think there's any chance for mitoshi effecting fiat payment for all users since the platform is meant to run on cryptocurrency. At best, they would effect the use of a more popular cryptocurrency like btc and eth. |
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Well its good that bounty participants didn’t have to pass kyc ..but registration is needed here https://investor.mitoshi.io/ So from when it is starting??or did i missed  Kyc is a hurdle but that's not such a bad idea. Kyc will save scammers entering and acquiring the good project tokens and coins. I personally don't see Mitoshi including kyc to their lottery platform. From my observation, mitoshi is majorly concerned about reaching several people irrespective of nationality and bringing the lottery to them with the aid of blockchain technology. |
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Good relations with all people is crucial thing I agree. Airdrop and bounty had good impact here too. Cheers.
Yes, In order to get a solid supporters they should consider them specially on giving them atleast an updates to them because everyone are really waiting and wanted to know what's the plan of the project and their current status. I have a question this project has airdrop or bounties? If they have, I want to participate in so that I will earn their luxurious tokens. And with this kind of bounties and airdrops they will gain more people who will participate in their project and will also get more investors. The project had a bounty which ended last month, they are yet to announce another bounty for now. Am not certain of their airdrop, but don't think that any airdrop is going on presently in the project. You can also ask the admin on their telegram group for more information. |
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Seems the team on this project is very busy for their ICO so that they are not so active here or to their other social media accounts, but in their telegram they have an active admin there that keep the community active.
The Admin on this thread also made it known to us that the team is very busy with potential investors and urged the thread loyalist to also join the telegram group for questions and queries. So I'll advise that we also join the telegram group for updates if possible. One of the most important thing in new projects is their ICO so I understand why the team is so very busy to that. I hope they will have a good run to their ICO so that they will have a good news for us here while waiting here in bitcointalk. I actually don't understand why the team went for an ICO when they could have gone for an IEO for their tokensale. I want to believe that the team trust their marketing and promotion to pull the necessary investors required to get at least the softcap. |
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I’ll like to win cryptocurrencies on your platform. It’s like a free cryptocurrencies give away, but just to lucky people. I’m lucky, so I will win. Do I need to sign up?
If the platform was only concerned about people who are eager to win cryptocurrency without any financial commitment, then most likely they'll be out of business. I personally don't know the clear cut division between lottery and betting, but I believe there's a difference and that's why issues of trial of luck may be housed in betting. |
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At the site I can see they mentioned that Mitoshi tokens are utility tokens and the sale of its tokens are for the future participation of Mitoshi's lottery draws in a smart contract platform. Does this mean only these tokens will be used for lottery and no other currencies allowed?
Thats my understanding too. However people might also have chance to trade the tokens in the exchanges. I'll suggest that the project utilise the MTSH tokens solely in the mitoshi lottery platform. This would help to boost the value of the tokens as the lottery is the major or only real use of the tokens. As stipulated in the project whitepaper, ethereum and Bitcoin could be exchanged for the MTSH which would be used for the lottery. Hopefully, they can include other cryptocurrencies like litecoin and Bitcoin cash to increase flexibility. I think they should allow playing lottery using fiat currencies as well so that people who don't use crypto can participate. This will help to get more revenue? Using fiat currency would have been a very good concept, but the conditions attached would make the project restricted to few locations or countries. The thing with fiat currency is that their acceptance is within a boundary and outside that boundary its no different from trash or plain paper. |
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I know gambling is not allowed in Muslim countries and I guess lottery falls in the same bracket. But for mitoshi, the government won't be aware since its done via an application and I'm certain that people still gamble in those Muslim countries despite the restrictions placed on it.
There could be risks. I’ll say they do play knowing they could get in trouble when caught. Cryptocurrencies privacy has some disadvantages. I guess that’s why the government find it hard to accept it. It’s good but has to be regulated. I think this is more like a law. Mitoshi won't necessarily be restricted in those countries but accessing it will be also easy so it depends on the individual accessing Mitoshi platform. Your point is valid, but in those countries there's a general restriction placed on lottery and gambling businesses, so it affects mitoshi indirectly. Since mitoshi doesn't intend getting a physical office in those countries they can still operate and individuals in those countries can access the platform with their cryptocurrency as a means of payment. |
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Hi to all! I`m currently doing my Due diligence on this ICO and can`t find any pieces of evidence of the partnership or another form of connection between the Bow Coin and Swarowsky. Will be thankful for any real links of this announcement on the Swarowsky`s side (from the respected media or any social channel of the well-known brand). Just have some doubts about this because even the linked account of Jean Jacques SEBBAG - a President/ CEO at VFB Lingerie and Swarowsky, which is written here to be a COO of the Bow Coin has no even a small mention about this project. So it seems smth strange to me, don`t you think so? It seems suspicious no doubt, but I believe there's need for fair hearing, the team needs to be aware of this development and give an explanation as to the reason for the discrepancies. I do hope there's an explanation for this as there's need for due diligence and research before making an investing decision. So, 5 days past from my previous post about the absence of any proofs on the announced partnerships of Bow Coin with the Swarowsky as well as the fact that Jean Jacques SEBBAG - a President/CEO at VFB Lingerie and Swarowsky knew the fact that he is a COO of the Bow Coin!!! And it`s quite a strange sign for a serious project regarding how many scams do we have in crypto. Where are the Bow Coin team responses? All the articles that wrote about the partnership of Bow Coin with the Swarowsky are paid ones and only written to promote this project. Did anyone else try here to make any researches on this side of the project? The Admin was asked the same question and his response was that the project was looking forward to getting a video interview with Swarowsky and that may be an eye opener to his partnership with the project. Though there are several indications that the project is not being total opened on her partnerships, I still think its best we give them benefit of the doubt. |
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Another thing considered in the luxury market is social class and status. Considering their high prices, even thought the product are of guaranteed quality, it's not for those below avarage to patronise. I have seen cases where people decided to go for low-grade products which they can conveniently afford than save a whole lot for higher grades.
Luxury products are indeed for those who are wealthy and have a higher social class or status. The point is the wealth and affluent also want to distinguish themselves from the masses and prefer using products that are scarce and too expensive for the average people. Luxury products is not only demanded for their durability and quality, but for the self esteem of users. Am in agreement with your opinion, in economics, I was made to understand that consumers are rational and would only purchase a product that gives them maximum utility (satisfaction), but that's not the case for luxury products. The consumers are not being rational, they can purchase for any reason that may seem irrational to other average people. |
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I read somewhere that users on your platform don’t need KYC/AML to play. That would be awesome. It’s solves restrictions issues. Users can participate with no restrictions.
No KYC for playing but then to play we need Mitoshi utility tokens and for buying same we need to do KYC. So in short we need to go through KYC or I am missing something here? Well people are still confused about this but i have confirmed from one of the telegram admin he said that kyc is not needed for playing and as well as for buying token . This is exactly what the project needs. Kyc tend to bring restrictions on the users and investors. As we know most USA residents are not allowed to participate in tokensale, but since there's no restrictions on kyc, everyone can purchase tokens irrespective of nationality. Mitoshi is a utility token from what I have gathered and therefore KYC shouldn't really be much of an issue. But I like the fact that there will be no restriction. Everyone loves and should be allowed to participate in lotteries right?  Hope you're mindful of the fact that some countries don't allow lotteries and citizens participating in lotteries is a criminal offence with sanctions. Most Islamic countries fall into this bracket and such wouldn't want to be associated with projects like this. |
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I read somewhere that users on your platform don’t need KYC/AML to play. That would be awesome. It’s solves restrictions issues. Users can participate with no restrictions.
No KYC for playing but then to play we need Mitoshi utility tokens and for buying same we need to do KYC. So in short we need to go through KYC or I am missing something here? Well people are still confused about this but i have confirmed from one of the telegram admin he said that kyc is not needed for playing and as well as for buying token . This is exactly what the project needs. Kyc tend to bring restrictions on the users and investors. As we know most USA residents are not allowed to participate in tokensale, but since there's no restrictions on kyc, everyone can purchase tokens irrespective of nationality. |
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Wow all replies from one user ID, hope it's from official Bow team. Also I don't understand why all focus only at telegram channel why not here or other social media channels?
As the user rightly explains that the team are very busy with potential investors and that explains why they've not been present in the forum. It's good for us to also join their telegram group to source for information as everyone who joins could bring answers to the questions asked in this forum. |
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Have you guys checked that in 2017 approx 500 billion USD worth counterfeit products was there. So in the name of luxury brand many sold duplicate products. This is where Bow will help in buying authentic products.
Well having this kind of project will really going to give an assuarance to the consumers that they will going to get the right products for them and they don't need to worry even they will going to access it online. Apart from what is said here, block chain will provide high level of transparency which will be good for luxury market. Too now we are not aware of why the price is so high and these products are luxury products. To the best of my knowledge, luxury products are expected to be relatively expensive. According to the information we have, the bowtie is expected to be sold at $250 which I consider expensive, regardless of the fact that the materials for making the bowtie are expected to be scarce and used only for the manufacturing of bowtie. Wow that's really expensive. A product price will really depend on the materials that they've used on making it. I'm just thinking what if the bow project will going to include the materials on their website when they posted that luxury products. I guess it will help too the consumers to know why it's expensive. yup agree on you, i think customers will be like " why is it expensive, i think the materials used here are very rare". I think everyone needs to know what kind of materials used here. With that kind of details, customer will not question the luxury product because they will indicate the details of every item that make it go for that price. And it will be easy for them to criticize the luxury product because of every material that included. It would be unwise to indicate all the items used for manufacturing the bowtie. That would give the project off to competitors who may device a means of producing same product with reduced price and lure the customers to their project. |
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What’s the limit on investment in Exmarkets launchpad? Do I need to pass a KYC/AML for your tokens? Is MTSH Tokens a utility token or securities?
bounty participants doesn’t need kyc as fas as limit in Exmarkets launchpad is concern am not sure .but kyc is not needed and mitoshi token is not a security token it is a UTILITY token. I think he/she is not referring to bounty tokens but asking if KYC is needed for buying tokens. KYC is mandatory for all buying. Am hearing a different information as regards kyc. Some persons are saying kyc is not mandatory and I believe its true. If there's anyone that has made a purchase without the kyc, let him signify others so we know what is happening. Kyc is important for a security token which is not the case for Mitoshi. |
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What's the current bonus percentage? At exmarket I still see 30% bonus. I thought now second stage is going on and current bonus is 25% not 30%.
It's better to take advantage of the bonus which is available at the moment you intend buying, because the bonus rates is not fixed and could be manipulated by the team to lure investors. Also be mindful that the bonus would be reduced as time goes, so the earlier you purchase some tokens, the better. |
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Admin team will start getting active once again here. They've been busy with the ICO so far.
Thank you for your patience.
That's a good news, we need a representative from the team to give us updates as at when due and answer some questions of community members. I'm of the opinion that potential investors in the project may want to go through the posts in the forum to know how the project has been faring. Communication is very essential with project progress, if a team lacks this they would likely not survive, Bitcointalk is a very important forum to get active and I think the team understands this It's awesome that the team understands the importance of being active, we look forward to having an admin on the thread to participate in the discussion and give assistance as at when needed. We all encouraged to also seek information about the project from other social media and blogs as the Admin may not give all the information we need. But are they really active here? It's been 4 days since someone said they will be active here. But I am not seeing much post from the team. I guess they're still busy with other necessities and would be active much later. In the main time, I would suggest we give our opinion to issues. Some of the questions being raised are issues which have been discussed previously or could be found in the whitepaper. Some of us have gone through the white paper of this project and could provide answers to some questions. |
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