Dear MITOSHI Community,
In light of the new advisors and subject matter experts coming on board Mitoshi, we are taking major steps to accommodate their strong recommendations to ensure the viable success of our project, and to secure a rewarding future for our investors and early adaptors.
As your CEO, it is my sole responsibility to forward a vision that is executed properly and effectively. And I would like to update the Mitoshi community on the progress of the Mitoshi CryptoLotto Token Sale, together with the adjustments in our strategy for a more gratifying cooperation with our project.
First, we are resetting the dates of our private sale to open it up to institutional funds and strategic partners who have expressed interest to come in during the first quarter of this year, as our private sale was dated last year. They have waited for the markets to stabilize a bit and this year has shown signs that they can fully come in with the cryptocurrency markets showing signs of consolidation. We are fully reliant on the support of VC’s and strategic partners that we have decided to rather accommodate them now by resetting the dates of our private sale. As a result, all sales stages will be readjusted. In addition to this, as we also make adjustments to our smart contract, we are now looking at a new ticker symbol of MCL instead of MTSH.
Secondly, a revamp on the Mitoshi’s Whitepaper was highly favoured by both the Executive Team and the new advisors. This is to note that when the Mitoshi Whitepaper was originally conceptualized, it was done at a time when the ICO market was at its peak sometime mid 2018. And today’s current ICO environment is not fitting of last year’s projections and forecasts. Hence, an updated Mitoshi Whitepaper revolves around the following changes:
1. Hardcap will fall to US$50,000,000 from the original US$100,000,000. We feel that with a strong marketing execution, we can raise somewhere between our softcap and our hardcap in the next 8 months. Our softcap remains at US$10,000,000;
2. Token allocation and fund distribution will remain unchanged;
3. We want to include everyone in the project, hence the minimum investment will now be at 25 MTSH tokens and its equivalent will be somewhere between US$2.50 to US$5.00 depending on the stage of the token sale;
4. Referral commission, which is 10% will be paid in ETH and will go straight to the ETH wallet of the party who referred;
5. One must purchase the minimum of 25 MCL in order to activate the referral link;
6. We will disable the identity verification procedure of the KYC;
On the development side, we will be upgrading our servers with more security features to ensure the safety of our digital assets. We have also made a UX and UI audit and will make sure that user experience for those participating in our token sale can purchase Mitoshi tokens with comfort and ease of use.
More importantly, our marketing efforts will be realigned to be more country specific so we can focus on these markets as per geography. In this regard, we will appoint an ambassador per country, and these ambassadors will create and manage their own country specific telegram group. An incentive program will be in place for every country ambassador.
Also, we understand that moving the dates will greatly affect the bounty hunters. It is the decision of the management to distribute 25% to the bounty hunters as scheduled (October 2019), with 75% of their allocated bounty to be given one month after the token sale.
I believe these adjustments and change of strategy offer a win-win dynamics for the community and for interested parties who still wish to participate in Mitoshi CryptoLotto Token Sale. We value your continued support to Mitoshi to make it an unwarranted success. Should you have any questions and concerns about these adjustments and strategy, kindly visit our telegram account and our hardworking team of community managers will be more than willing to accommodate you.
Revised Sales Stages
February 18, 2019
Ticker Symbol: MCL
Soft Cap: US$ 10 Million
Hard Cap: US$ 50 Million
Mitoshi CryptoLotto Road Map
We appreciate your continued faith and for constantly believing in our project.
TC Picardo
CEO & Founder
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