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What Is a Blockchain Lottery and How Does It Work?

Fri Mar 30, 2018 10:05 am

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Lotteries are one of the most common forms of gambling that people enjoy. It combines three unique features that makes it a gaming experience that is open to almost everyone.

#1. It is highly affordable. The average price of a lottery ticket is about USD $2 throughout the world.

#2. It is stackable. Because lottery tickets are so affordable, players can purchase multiple tickets with different number combinations to maximize their chances at winning.

#3. It is transparent. Lotteries hold public draws to let everyone know simultaneously what the winning numbers will be. If players are unable to witness the live draw, they have access to previous draws that match the tickets they’ve purchased.

MOS is pioneering a new form of blockchain lottery that meets these three key points. It is the only lottery of its type to take its numbers from a public resource: common stock market exchange closing values.

Definition of a Blockchain Lottery

In the past, cryptocurrencies like Bitcoin encouraged a mining process. People would compete to become the first to add a block to the blockchain. A “winner” is chosen from competing miners, creating value.

The winner collects the transaction fees within that block, motivating miners to collect as many transactions into a block as they can, thereby maximizing their reward.

For the average person, this type of reward lottery takes time to learn. It requires computing resources they may not have. It can be confusing, complicated, and not much fun.

We believe there is a better way. That is why we have redefined the blockchain lottery to make it more like the traditional gaming experience.

Here’s How the MOS Stock Market Blockchain Lottery Works

The MOS stock market lottery is managed by Ethereum smart contracts. Every operation, from player bets to jackpot management, is recorded on the blockchain. That process ensures there is a sufficient payout pool available before a bet would be accepted.

Players then have multiple game options from which to choose. Payouts are dependent upon the game chosen. With the 1-digit game, the odds of winning are an expected 1 in 10. The two-digit came offers expected winning odds of 1 in 100.

Once the preferred game is chosen, the player selects their numbers as they purchase their ticket with MOS tokens. The smart contract system ensures the jackpot pool can accept a payout before accepting the bet.

Then, 30 minutes after the stock market closes, all transactions are posted to the Ethereum blockchain.

After the closing, MOS retrieves the final indices of the stock market via APIs. The final two digits in the stock market indices from major exchanges are then used to form the winning numbers.

This structure creates a playing atmosphere that is truly fair and transparent. It is for that reason the MOS stock market lottery appeals to casual players and crypto enthusiasts alike.

With a secure platform, anonymous play, and complete transparency, come join the MOS community today. You will find the stock market lottery structure to be a whole lot of fun.

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Re: What Is a Blockchain Lottery and How Does It Work?

Fri Mar 30, 2018 9:12 pm

NEW ADVISOR AT MOS COIN:

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Simon Wajcenberg
Marketing Advisor

Simon is an entrepreneur with a stellar track record in founding pioneering global digital businesses. Simon has founded and built build numerous successful businesses including Stocknet.co.uk, one of the UK's first online stock brokerages, in 1998. In 1999 Simon founded Freequotes.co.uk, the UK's first real-time share price information provider, and TMN Plc, one of the first online direct marketing companies, which was listed on AIM in 2000. TMN today has a market capitalization in excess of £100M. In 2010 Simon founded StrikeAd, the worlds first global, mobile Demand side Platform (DSP). StrikeAd operates in Europe, U.S and Asia. In 2013 Simon launched K1T Capital a systematic quant based hedge fund asset management company. In 2017 Simon launched POWtoken.com the world’s first crypto currency for the mass market. POW is integrated with major social media partners Facebook and Twitter, and is experiencing exponential growth. Most recently Simon launched North Block Capital an asset manager investing in Blockchain and crypto assets.Simon has extensive international board-level expertise, vast experience in M&A and was a winner in the finals of the Ernst & Young Entrepreneur of the Year awards.

https://moscoin.io/

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Re: What Is a Blockchain Lottery and How Does It Work?

Sat Mar 31, 2018 10:35 pm

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MOS FANS! The moment is here!

From tonight GMT +8 you will be able to register for purchasing of MOS tokens. Get ready!

Please visit ico.moscoin.io to open an account.

Yours,

MOS Coin

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Re: What Is a Blockchain Lottery and How Does It Work?

Sun Apr 01, 2018 8:45 am

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Do you need a MOS referral link? Go to ico.moscoin.io and earn extra!

Join our dashboard now!

Yours,
MOS Coin


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Re: What Is a Blockchain Lottery and How Does It Work?

Tue Apr 03, 2018 5:29 am

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Re: What Is a Blockchain Lottery and How Does It Work?

Tue Apr 03, 2018 5:56 pm

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Airdrop closed as our public pre ico starts.

You can visit ico.moscoin.io if you want to purchase Mos coin. Buy now and get 20% bonus.


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Re: What Is a Blockchain Lottery and How Does It Work?

Wed Apr 04, 2018 8:36 pm

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Re: What Is a Blockchain Lottery and How Does It Work?

Thu Apr 05, 2018 11:21 am

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Did you JOIN THE MOS Dashboard?

ico.moscoin.io

Did you know the original name of this project was supposed to be MOSS? The idea was that MOSS means MO$$

Now MOS may also mean:

MO1
ˌɛmˈəʊ/
noun
plural noun: MOs
the way a particular person tends to do things


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Re: What Is a Blockchain Lottery and How Does It Work?

Mon Apr 09, 2018 12:01 pm

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Re: What Is a Blockchain Lottery and How Does It Work?

Tue Apr 10, 2018 11:15 pm

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Re: What Is a Blockchain Lottery and How Does It Work?

Thu Apr 12, 2018 4:30 am

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Re: What Is a Blockchain Lottery and How Does It Work?

Thu Apr 12, 2018 7:33 pm

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Re: What Is a Blockchain Lottery and How Does It Work?

Sat Apr 14, 2018 9:56 am

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Re: What Is a Blockchain Lottery and How Does It Work?

Sat Apr 14, 2018 9:59 am

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Re: What Is a Blockchain Lottery and How Does It Work?

Sat Apr 14, 2018 11:49 pm

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Re: What Is a Blockchain Lottery and How Does It Work?

Tue Apr 17, 2018 2:10 am

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Re: What Is a Blockchain Lottery and How Does It Work?

Wed Apr 18, 2018 9:36 pm

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Re: What Is a Blockchain Lottery and How Does It Work?

Thu Apr 19, 2018 11:20 pm

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Re: What Is a Blockchain Lottery and How Does It Work?

Fri Apr 20, 2018 1:40 pm




MOS - How to get your MOS Coin

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Re: What Is a Blockchain Lottery and How Does It Work?

Fri Apr 20, 2018 9:08 pm

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Re: What Is a Blockchain Lottery and How Does It Work?

Sat Apr 21, 2018 6:47 pm

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