MOS Lottery is a blockchain based lottery. We create MOS Lottery to address the problems inherited in the lottery market, fair and transparent play. By itself, lottery has one of the highest odds in the gambling industry, thus the probability of winning lottery is very low. Though lottery operation is centralized and operated by governments and states, there have always been questions on transparency in terms of winning number selection and if the player indeed places the bet. The recent issues of lottery fraud and rigging further tainted the lottery market and slow down the demand for lottery play.
MOS Lottery is designed as a decentralized platform and its lottery operation is fully managed by Ethereum smart contract. All bets and results are made public and recorded on the blockchain without 3rd party involvement. MOS Lottery smart contract also ensures it has sufficient pool of fund to pay the winning amount before accepting any bet, thus players can be assured of receiving their payouts should they win the lottery. MOS Lottery uniqueness is that the lottery winning number was selected from global stock market index i.e. NASDAQ, Dow Jones, etc. which the numbers are not manipulatable and available for public viewing. We also carefully design the lottery game so it appeals to both avid lottery players and casual players.
At this point in time, there is no lottery platform; blockchain or conventional that is directly comparable to MOS Lottery. Hence, we are launching MOS Lottery Initial Coin Offering (ICO) to grow pool of jackpot fund and accelerate the platform rollout to the global market. During ICO, we target to raise USD 55 Million to support our global rollout and offer up to 5.5 Billion MOS Token for investors that want to be part of our success story. MOS Lottery is not a concept and our platform is ready to launch post ICO, hence the risk of supporting MOS Lottery project is low and investors can enjoy potential returns within short time frame.
Lottery is one of the most popular betting games in the world. By placing a small bet, lottery provides an opportunity to dramatically change one’s financial situation for the better, and such opportunity has attracted the attention of millions of people around the world. The global lottery market is predicted to grow at a CAGR of 9.44% during the period 2017-2021. Data from the World Lottery Association (WLA) shows that WLA member lotteries generated $261 billion revenue in 2015. That is a revenue increase of 2.7% from the year before. WLA members around the world represent approximately 60% of global lottery sales by volume.
Fair & Transparent Issues
Lotteries are operated by government and states around the world, with certain country granting the ‘rights’ to private entity to operate the lottery. Whether it is operated by government, states or private entities, its operation shares the same characteristics: the participants and bet amount for any lottery session are not available for public viewing; methods of selecting the winning number by the lottery operator is unclear and the lottery operations are centralized and controlled by single party. Lottery players and the public are always suspicious and curious to ascertain if the lottery is operated in fair and transparent manner, given the current circumstances where one single party can influence and control the lottery outcome. Recent scandals in lottery such as, lottery frauds and rigging only deepen the players’ beliefs that the lottery is indeed not fair and transparent.
MOS Lottery was created to address the problems of unfairness and non-transparency in lottery play. MOS Lottery will set a new standard in the global lottery market. MOS Lottery is a fully transparent and decentralized platform where its operations are regulated by smart contract and no single party, including us can control or influence its operation. All MOS Lottery operations, including player bet, results, jackpot management and sales fund distribution are recorded on the blockchain for public verification. MOS Lottery smart contract also ensures it has suffcient pool of fund to pay the winning amount before accepting any bet. Thus players can be assured of receiving their payouts should they win the lottery.
With the utilization of blockchain and smart contract, MOS Lottery trust-flawless design will enhance fairness and transparency, thus creating the new level of trust to lottery players. Below, some key facts about MOS Lottery are summarized.
- Fully decentralized and transparent lottery managed by an Ethereum smart contract.
- All operations, including player bet, results, jackpot management and sales fund distribution are recorded on the blockchain.
- Ensures suffcient pool for payout before accepting any bet.
- Winning number selected from global stock market index. Payout is based on correct matches depending on the game i.e. 1-digit, 2-digit, 4-digit, etc.
- Fun and engaging lottery play, appeal to both lottery players and casual players.
MOS LOTTERY MISSION & VISION
MOS Lottery was developed to solve the fair and transparent issues in the lottery play. Our vision is to create a new level of trust so lottery players can participate in the lottery with confidence. Our decentralized operation and winning number selection from stock index are measures taken to ensure that not a single entity can control or influence the operation and outcome of the game.
With the new level of trust, our mission is to position MOS Lottery as the preferred lottery platform and build the largest international lottery community. Our fun and engaging lottery games with multiple jackpots will appeal to avid lottery players, stock market enthusiast and casual players. Hence, our addressable user base is larger as compared to other lottery operator.
MOS Lottery is going to launch an Initial Coin Oering (ICO) to fund the global rollout of the project. MOS Lottery currency will be known as MOS Token (MOS). MOS will be a cryptocurrency based on Ethereum ERC20 Standard and used for placing bets in the MOS Lottery. The MOS will be divisible to 18 decimal points and transferable, just like any other ETH cryptocurrency. Unlike some of the projects in the market, MOS Lottery has already developed the product.
So, upon the completion of the ICO, we are ready for global launch and the fund will be used to support its jackpot, continuous improvement on the product capabilities and security, new game launching and other sales and marketing activities. Below are the key metrics of MOS token.
- Private Sale: 1 - 2 Months
- Pre-ICO: 1 - 3 Months
- ICO: 1 - 3 Months
- Number of MOS Tokens to be Issued During Private Sale: 1,000,000,000 MOS Tokens
- Number of MOS Tokens to be Issued During Pre-ICO: 1,000,000,000 MOS Tokens
- Number of MOS Tokens to be Issued During ICO: 3,500,000,000 MOS Tokens
Majority of the MOS Tokens will be offered during the private sale, pre-ICO and ICO. Remaining tokens will be distributed among the team, advisors, and bounties as well as reserved for jackpot and exchange. The below diagram illustrates the planned distribution of the tokens.
MEET THE AMAZING TEAM BEHIND THIS GREAT PROJECT
PLEASE PLEASE GUYS MORE INFORMATION ON THE WHITEPAPER HERE: https://moscoin.io/wp/MOS COIN White Paper.pdf
For more information, please visit the links below:
Bounty Thread: https://bitcointalk.org/index.php?topic=3114575.0
Author: Tosin David
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1180815
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
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