MOS coin – Giving a new dimension to Lottery Blockchain technology
Lotteries are known to dramatically change one’s financial status. That said, lottery has one of the highest odds in the gambling industry, thus the probability of winning lottery is very low. The global lottery market is predicted to grow at a CAGR of 9.44% during the period 2017-2021. It has seen an increase of 2.7% from the previous year.
In spite of lotteries being approved and regulated by government and states around the world, there still exists multiple issues around transparency and fair play. 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 have also contributed to the lack of trust.
MOS is a decentralized platform and its lottery operation is fully managed by Ethereum smart contract. IT was created to address the problems of unfairness and non-transparency in the lottery industry. It’s USP stands in system where lottery winning number is selected from global stock market index i.e. NASDAQ, Dow Jones, etc.
The ecosystem and technology
Their ecosystem consists of Incentive Program that reward players with MOS points from playing lottery game. IT can be used for purchase, but it cannot be exchangeable to MOS Token. Their jackpot management system will be created post the ICO, but divided in the following manner- one in MOS Token and another in Ether and four mini jackpots, two in MOS Token and the remaining two in Ether. Their main revenue will come from the lottery ticket sales. For the sale of every ticket, MOS Lottery automatically allocates the fund to necessary area of expenditure. Most of the funds are allocated to the jackpot fund which is seeded by ICO investment and MOS Token creation.
They are going to be using heaving marketing strategies with a combination of Public Relation & Media Exposure, Online & Social Media Marketing, Affiliate Program, and using Product as Promotional & Marketing Tool., with the on-going growth Jackpot offered.
Website: https://www.moscoin.io/
Token offering and ICO
The token is denoted by the name MOS and it will be a cryptocurrency based on Ethereum ERC20 Standard and used for placing bets in the MOS Lottery. It is not a security token, but a utility token used for all transactions within the ecosystem. The cost of 1 token is 0.01 USD. The MOS Lottery Initial Token Sales is divided into three parts the Private Sale for 1 - 2 Months, Pre-ICO for 1 -2 Months and ICO: 1 - 3 Months.
Majority of the MOS Tokens will be offered during the private sale, pre-ICO and ICO. Their bonus program is limited to 500,000,000 MOS Token. In order to ensure that other users have the opportunity to participate in the bounty program, they have set the maximum eligible reward to 1,000,000 MOS Token.
Conclusion
They have a multidisciplinary team that merges deep learning in online lottery, blockchain technology and product development with entrepreneurial spirit and corporate professionalism. Their company has been performing consistently well in all aspects since their inception and have overcome many challenges to be where they are right now.
Website: https://www.moscoin.io/
Whitepaper: https://www.moscoin.io/wp/MOS%20COIN%20White%20Paper.pdf
Published By:karanj
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