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Author Topic: Spreading the joy of winning, one jackpot prize at a time! What is MITOSHI  (Read 5021 times)
Anilbg
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July 04, 2019, 05:06:37 PM
#341

Iíll like to win cryptocurrencies on your platform. Itís like a free cryptocurrencies give away, but just to lucky people. Iím 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?
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kriszz50983
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July 04, 2019, 05:20:20 PM
#342

Iíll like to win cryptocurrencies on your platform. Itís like a free cryptocurrencies give away, but just to lucky people. Iím 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?

Good question. I don't know if they mentioned about this anywhere.  At least I don't see this information at the site.  May be I overlooked the documents and I missed it?

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July 04, 2019, 06:35:22 PM
#343

Iíll like to win cryptocurrencies on your platform. Itís like a free cryptocurrencies give away, but just to lucky people. Iím 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

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ning_aric
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July 04, 2019, 07:36:38 PM
#344

Iíll like to win cryptocurrencies on your platform. Itís like a free cryptocurrencies give away, but just to lucky people. Iím 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

Itís specified, MITOSHI Tokens would be the only cryptocurrency tokens in the platform.  I guess thatís for transparency. I think fiat would be an amazing option too. Iíll like to play with fiat.

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jumiapaul
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July 04, 2019, 08:08:08 PM
#345

Iíll like to win cryptocurrencies on your platform. Itís like a free cryptocurrencies give away, but just to lucky people. Iím 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?

I guess the most likely currency for giving reward will be the currency used in playing the lottery. From my understanding, the MTSH is the currency that would be used in the lottery game and that should still be maintained for withdrawal or receiving one's reward.
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July 04, 2019, 08:23:55 PM
#346

Lack of fairness and transparency are some of the back draws of Non-Blockchain projects. I would t use a non blockchain lottery app, if there was no transparency and it wasnít fair. Lottery is one use of blockchain thatís speedily gaining attention.

The obvious fac is that people are being more innovative and adopting blockchain technology into every ramifications of our lives. The issue of lottery industry adopting blockchain technology as the case of mitoshi is a great previledge.
Pricebrianer
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July 04, 2019, 08:33:17 PM
#347

Lack of fairness and transparency are some of the back draws of Non-Blockchain projects. I would t use a non blockchain lottery app, if there was no transparency and it wasnít fair. Lottery is one use of blockchain thatís speedily gaining attention.

The obvious fac is that people are being more innovative and adopting blockchain technology into every ramifications of our lives. The issue of lottery industry adopting blockchain technology as the case of mitoshi is a great previledge.

People are t confident using lottery platforms. Sometimes, itís not a fair game or someone cheated. Thatís not going to happen on a lottery platform built on blockchain technology. There are just a hundred million mitoshi tokens to be sold, you wouldnít want to miss it.

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gee777
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July 04, 2019, 08:35:58 PM
#348

Lack of fairness and transparency are some of the back draws of Non-Blockchain projects. I would t use a non blockchain lottery app, if there was no transparency and it wasnít fair. Lottery is one use of blockchain thatís speedily gaining attention.

The obvious fac is that people are being more innovative and adopting blockchain technology into every ramifications of our lives. The issue of lottery industry adopting blockchain technology as the case of mitoshi is a great previledge.

People are t confident using lottery platforms. Sometimes, itís not a fair game or someone cheated. Thatís not going to happen on a lottery platform built on blockchain technology. There are just a hundred million mitoshi tokens to be sold, you wouldnít want to miss it.

Exactly. On this platform everything will be different. You have to be really good or lucky to win something. The security will be made stronger by the use of blockchain 
ganeshramk
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July 04, 2019, 10:53:37 PM
#349

Lack of fairness and transparency are some of the back draws of Non-Blockchain projects. I would t use a non blockchain lottery app, if there was no transparency and it wasnít fair. Lottery is one use of blockchain thatís speedily gaining attention.

The obvious fac is that people are being more innovative and adopting blockchain technology into every ramifications of our lives. The issue of lottery industry adopting blockchain technology as the case of mitoshi is a great previledge.

That's right. In this field, good transparency from the protect team together with good project progress really help the project team to get their wanted investments.
olohifie
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July 04, 2019, 11:17:12 PM
#350

Iíll like to win cryptocurrencies on your platform. Itís like a free cryptocurrencies give away, but just to lucky people. Iím 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

Itís specified, MITOSHI Tokens would be the only cryptocurrency tokens in the platform.  I guess thatís for transparency. I think fiat would be an amazing option too. Iíll like to play with fiat.

The reward will be in cryptocurrency  but I am not considering Btc because these days payment in alts seem more common. Most projects would like to reward in their own currency for promotion sake too so there is every tendency that rewards will be in Mitoshi not Eth
nwosuchristabe2
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July 05, 2019, 02:46:34 AM
#351

Iíll like to win cryptocurrencies on your platform. Itís like a free cryptocurrencies give away, but just to lucky people. Iím 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

Itís specified, MITOSHI Tokens would be the only cryptocurrency tokens in the platform.  I guess thatís for transparency. I think fiat would be an amazing option too. Iíll 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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July 05, 2019, 03:05:06 AM
#352

Iíll like to win cryptocurrencies on your platform. Itís like a free cryptocurrencies give away, but just to lucky people. Iím 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

You guessed rightly, the reward would most likely be based on the currency that was staked. Its just a popular and direct way of doing something. When one stakes in MTSH, the reward would be in same tokens. I remember the project whitepaper saying that the MTSH would be the currency used in the lottery.
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July 05, 2019, 05:50:41 AM
#353

If Mitoshi team is flexible in giving the rewards in multiple crypto currencies and or in fiat currencies as well then this will be interesting lottery.
kriszz50983
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July 05, 2019, 06:56:25 AM
#354

If Mitoshi team is flexible in giving the rewards in multiple crypto currencies and or in fiat currencies as well then this will be interesting lottery.

I agree t will be very interesting to win prizes in multiple currencies and not to stick to Mitoshi tokens only for prize money.

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jumiapaul
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July 05, 2019, 07:18:15 AM
#355

If Mitoshi team is flexible in giving the rewards in multiple crypto currencies and or in fiat currencies as well then this will be interesting lottery.

That would be a good idea and help increase the participation in the lottery platform. So many persons are not comfortable with the use of cryptocurrency due to the volatility and risky nature of the currency. Hopefully, mitoshi would grow to be more flexible in the currency acceptance for the lottery platform.
Mrcharles
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July 05, 2019, 07:29:37 AM
#356

If Mitoshi team is flexible in giving the rewards in multiple crypto currencies and or in fiat currencies as well then this will be interesting lottery.

That would be a good idea and help increase the participation in the lottery platform. So many persons are not comfortable with the use of cryptocurrency due to the volatility and risky nature of the currency. Hopefully, mitoshi would grow to be more flexible in the currency acceptance for the lottery platform.

Am just considering the implications of using the fiat of different countries and I believe its not achievable. The most used currency for international trade is the US dollar. This feat was achieved because USA is a world power and has a substantial number of stakes in virtually all sectors of the world, can mitoshi make such impact?
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July 05, 2019, 08:32:33 AM
#357

Lack of fairness and transparency are some of the back draws of Non-Blockchain projects. I would t use a non blockchain lottery app, if there was no transparency and it wasnít fair. Lottery is one use of blockchain thatís speedily gaining attention.

The obvious fac is that people are being more innovative and adopting blockchain technology into every ramifications of our lives. The issue of lottery industry adopting blockchain technology as the case of mitoshi is a great previledge.

Thatís right. For anyone willing to learn about Mitoshi Project and how you could get mitoshi platform tokens, here is a video on YouTube about everything you need to know about mitoshi; https://www.youtube.com/watch?v=8Kdxva1xFSQ
Blockchain technology adopt in lottery.

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July 05, 2019, 08:57:30 AM
#358

Playing lottery on a platform not on the blockchain is nice, still you get restricted by your country. Thatís not the going to happen with blockchain projects like mitoshi. You could use mitoshi anywhere in the world with not restrictions because itís built on the blockchain. Itís awesome what you could do with blockchain tech.

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July 05, 2019, 10:23:45 AM
#359

If Mitoshi team is flexible in giving the rewards in multiple crypto currencies and or in fiat currencies as well then this will be interesting lottery.

That would be a good idea and help increase the participation in the lottery platform. So many persons are not comfortable with the use of cryptocurrency due to the volatility and risky nature of the currency. Hopefully, mitoshi would grow to be more flexible in the currency acceptance for the lottery platform.

I guess so. Mitoshi could have a wallet, where users can exchange fiat, other cryptocurrencies like Bitcoin for Mitoshi tokens, or the other way round. I think that would make it easy for users on mitoshi platform.

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July 05, 2019, 11:28:45 AM
#360

If Mitoshi team is flexible in giving the rewards in multiple crypto currencies and or in fiat currencies as well then this will be interesting lottery.

That would be a good idea and help increase the participation in the lottery platform. So many persons are not comfortable with the use of cryptocurrency due to the volatility and risky nature of the currency. Hopefully, mitoshi would grow to be more flexible in the currency acceptance for the lottery platform.

I guess so. Mitoshi could have a wallet, where users can exchange fiat, other cryptocurrencies like Bitcoin for Mitoshi tokens, or the other way round. I think that would make it easy for users on mitoshi platform.

Yeah, thats a good idea though, It is much better to create a own mitoshi wallet , so the user can be more flexible anytime the user wants to exchange his fiat to mitoshi.
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