Embed Size (px)
Citation preview
Matrix Worlds Whitepaper
Matrix Worlds Corps. presents an exciting new business opportunity offering high return on investment. Poised to become a powerful force within the premium gaming, lottery and FOREX sectors, Matrix Worlds will disrupt and enhance the legitimate public gaming, lottery and FOREX sectors through financial transactions generated by traditional and online casinos and lottos.
At Matrix Worlds, we are proud and honoured to be joining the ranks of fintech companies who are bringing new and innovative technological solutions that address the challenges and inefficiencies within the current financial systems and transactional environment related to online gambling lottery and FOREX.
However, unlike many other STOs, we are not seeking finance to fund purely technological development. Matrix Worlds takes great pride in offering native tokens to serve the market. We are highly confident that the Matrix Worlds platform will serve the needs of a fully operational and growing online gaming, lotto and FOREX-related businesses. This white paper covering Matrix Worlds Corps. STO highlights the underlying successful business that is driving the take-up of tokens and their value. More so than other offerings provide. When Matrix Coin (MTC) goes live, the Matrix Worlds platform will have immediate impact with a sizeable and healthy daily transactional flow. Within a couple of weeks, the Matrix Worlds platform will be cryptographically hosting a major business with expected turnover of US$200 million per day. This is a financially sound business opportunity not to be missed.
MTC Lotto isn’t similar to any other gaming product; it is within the high volume lottery industry, which you might even call a commodity.
Today the lottery segment holds a 29% share of the global gambling revenue, but when focusing specifically on the online gambling section, the lottery is responsible for only 10% of the revenues. The forecast is that this gap will be within the next few years as online lottery activity grows. MTC Lotto, based on ETH blockchain, is poised to capitalise on this growing trend of online lottery. While Matrix Coin will be valid for use in other online lotteries. Online lottery has an added value in comparison to offline lottery. It enables users to extend their variety of lottery products and participate in global draws rather than choose from a limited local selection. Nowadays a South African citizen can
take part in the US Powerball draw and a Brazilian based player can participate in the EuroMillions lottery, in just a mouse click.
Furthermore, a player can increase his chances of winning by teaming up with other players and by buying a share of a large amount of tickets of one or a combination of jackpots. Matrix Coin will also provides a FOREX solution and overcomes the burdensome high commissions in international currency exchange. Matrix Coin is the cryptocurrency payment platform built to simplify payments made across borders. With Matrix Coin, you can do any payment related to online casinos and lotteries. Furthermore, we have created our solution to make it easy to use and intuitive. Matrix Coin platform lets you pay for gaming, lottery and FOREX services using MGC as simple as a traditional payment method with fiat currencies. Risk-free, completely secure with provable results - with one partner. Set out in the following pages of this white paper, we present the global business opportunity where MTC token holders, as members of the international Matrix Worlds community will benefit from a forecast financial windfall, considerably exceeding the volume of transactional flows to sustain a profitable business. Additionally, MTC will exploit blockchain technology to offer lottery and FOREX on a worldwide scale.
We trust that through this white paper, you will gain a good in-depth understanding of the
current challenges within the gaming, lottery and FOREX industries and how the application of
our no-fills fintech solution will bring both significant cost savings as well as many other
advantages to all stakeholders and, ultimately, how you as a Matrix Worlds member, will
benefit from value drivers within the Matrix Worlds Corps. eco-system. We look forward to
answering any questions you may have and to welcoming you to join us on this bold, exciting
and ground-breaking project.
Matrix Worlds Corps Management Team.
MATRIX WORLDS PLATFORM
SOLUTIONS FOR THE CURRENT CHALLENGE
Hundreds of enthusiastic high-roller Premium Gamers travel to the Golden Triangle, located at
the borders of Thailand’ Cambodia and Myanmar every week throughout the year to play
Baccarat, Blackjack, and other games of chance in “junkets” – VIP high-stakes gaming rooms
with a minimum stake of US$ 100,000. These high stakes junkets are operated as separate cost
centres by shareholding syndicates inside the resort’s top tier casinos.
Many millions of dollars flow across the tables in these VIP premium gaming rooms on a daily
basis. However, the junket organizers incur exorbitant fees in arranging the finances for these
junkets that have very high value stakes. Funds for these VIP gamers need to be readily
available for use in the gaming rooms. Then, upon finishing their gaming session, after having
enjoyed the junket’s hospitality, the premium high roller VIP guests incur high fees in the
repatriation of their winnings.
A junket often needs to arrange for stake money of several thousand dollars per hand to be
available when each premium gamer arrives at the facility in the Golden Triangle. The current
cost to a junket organizer in making the necessary financial arrangements is a minimum of 5%.
And for the players, they are typically forced to suffer fees of 5% to 7% cost of repatriation of
their winnings.
A major junket in the Golden Triangle may be hosting more than 100 premium gamers at any
one time. This often produces a rolling turnover exceeding US$200 million a day. With this high
level of play at the tables, and the constant turnover of players, the cost incurred by junket
organizers and their discerning elite gaming guests in the positioning of stake money and
repatriation of winnings is huge and punitive. Matrix Worlds Corps has a sweet solution to the
current challenge of hefty financial arrangement fees. As blockchain technology is beginning to
have a positive and disruptive impact on the global gaming industry. As there have been major
concerns within convention online gaming, with results, winnings and pay outs being
intentionally hidden or partly concealed, so that the information is fully available for public
scrutiny, this has created cause for fraud and irregularities. Blockchain technology is bringing
reduced fraud and revenue control, savings on payment processing, and regulated gaming
economies – the current gaming industry has led to black markets, and this is bad for
everybody.
Traditionally, gamers forfeit potential revenue and it exposes them to the risk of being
scammed. The implementation of blockchain technology will resolve many problems within the
gaming industry, providing operator and players with a safe and secure transactional eco-
system.
COST SAVINGS
Using of the digital Matrix Worlds platform by participating junkets and their premium gamers
will incur costs much closer to 1% than the usual 5%. This is a significant saving that improves
junket profitability, releases more stake money to gamers through a financially safe and secure
system.
THE JUNKET SOLUTION
The arrival of fintech solutions, where fiat money can be effortlessly converted into digital
tokens, moved instantly within an eco-system, securely tracked and at very low cost, is set to
revolutionize and transform the Golden Triangle’s junket operations. Matrix Worlds highly
attractive technological solution will provide a safe, secure and cost saving system, greatly
reducing the current punitive arrangement costs.
By digitally tokenizing both stake monies and gaming chips, and using blockchain technology to
record transactions and track tokens, junket syndicates and casinos in the Golden Triangle, a
gaming organizations globally will benefit from reduced costs, improved system efficiency and
the high level of security in managing the high volume and value of financial flow.
Through connectivity with the Matrix Worlds platform, premium gamers wishing to visit a
junket can easily convert fiat money into digital tokens (MTC). These transactions and tokens
that will be securely registered on a secure system underpinned by blockchain technology. The
value of tokens held at any one time will be shown in the gamer’s smart wallet on their phone.
Then, whenever required, the gamer can effortlessly convert his Matrix Coin (MTC) to fixed-
value digital Matrix Global Chips (MGC) for use in their junket and across multiple online
gaming platforms that will be accepting MGC in the future.
After gaming, MGC can be converted back into MTC and further converted to fiat money or any
other digital currency when needed, all on demand and via the simple touch of a smartphone
screen. Should gamers choose to keep stake monies and winnings in digital form, as Matrix
Coin, ready for their next visit to the gaming tables, they can do so, securely and at minimal
cost.
Application of digital token technology beyond stake monies and winnings, to the management
of tracking gaming chips, delivers junkets and casinos with significant benefits – from financial
gains to improved efficiency and security across the entire financial management system.
A HOST OF BENEFITS
The application of fintech to the gaming industry has wider benefits as crypto and digital
currencies are often associated with anonymity of ‘value ownership’. This is a problem casino
are faced with in tracking legitimate funding. However, with a digital financial platform that is
managed and operated with sound corporate governance and appropriate KYC/AML
procedures, the use of digital value tokens, such as MGC, within casinos, where use of money in
cash form is highly prevalent, can help support the global drive to eradicate money laundering
and squeeze the black-market economy.
SOLUTIONS FOR ONLINE CASINOS
Backed by blockchain technology, Matrix Coin (MTC) will benefit from the following advantages
of the digital eco-system:
1. TRANSPARENCY & TRUST
Many online casinos have been accused of cheating and scamming gamers. Revenue lost to
fraud is one of the widely noticed vices on the internet. The gaming industry has not been
spared with one out of every 7.5 virtual bets succumbing to fraud. Blockchain technology will
ensure eradication of gaming fraud, saving the industry billions lost in revenue annually.
Our Matrix Worlds blockchain technologies will ensure a safe and secure gaming environment
for everyone, boosting trust amongst customers (gamers) and giving them the platform to bet
confidently. Blockchain and smart contracts will track and verify transaction records on a
shared ledger that cannot be manipulated, ensuring complete transparency, honesty and
security of the platform.
2. REDUCED FRAUD
The Matrix Worlds platform, driven by blockchain technology is ensuring permanently secure
transactions. Blockchain’s distributed ledger makes it impossible for hackers to access your
information. The platform also provides speedy transactions and with smartcontracts, any
winnings will be automatically calculated and credited to the gamer, and losses credited to the
casino.
3. PAY WITH MATRIX COIN
Matrix Worlds platform, online, accepts MTC and other crypto currencies in the future, creating
an opportunity for players to explore and enjoy gaming globally. There will be no controls or
delays on placing bets with Matrix Coin, as the safe and secure system controls transactions,
eliminating the cost and delays of traditional bank transfers to deposit and withdraw from
casinos. As Matrix Coin is within a decentralized economy, gamers have freedom to play across
multi platforms. Our Matrix Worlds blockchain allows gamers to make payments, no matter
how large or small the amount is, without involving bank, credit or debit card companies. And
since it is decentralized, fees implemented are miniscule.
4. ANONYMITY
Matrix Coin offers anonymity to the gamers. This feature ensures that users never have to
share their personal information when placing a bet, whilst ensure complete safety and security
of the transaction.
5. REDUCE HOUSE EDGE
Established gaming sites, such as matrixworlds.com, that accept Matrix Coin (MTC) will reduce
their fees and charges related to gambling transactions. This is because Matrix Worlds gambling
sites have low overheads compared to traditional regulated service providers within the
industry. The lower costs comprise licensing fees, transaction fees, payments to merchants,
regulatory compliance costs and tax, if any. Matrix Coin and smart contracts result in very low
administration costs. With Matrix World’s blockchain approach to gaming, we will automate
and secure processes that were previously done by humans. Our new approach and system will
significantly reduce fees and charges associated with gambling transactions, therefore enabling
gamers to maximize profits and casinos to mitigate their financial exposure.
THE ONLINE GAMBLING MARKET
Online gambling and betting are comprised of games such as poker, casino and sports betting,
and lottery which are played through digital platforms. Participation in online gaming helps
end-users to witness gambling and betting activities in real time through internet-based
devices.
The online gambling and betting market is expected to witness a rapid growth due to the
regulatory environment, which is expected to propel the global gaming market. The increase in
online gambling and betting is bolstered by increased disposable income of consumers, trust in
the online gambling system and growth of internet penetration into societies. The global use of
internet and access to web-based devices are major factors in driving the online gambling and
betting market, which is forecasted to expand at a CAGR of 11.8% from 2018 to 2026. The
online gambling and betting industry is estimated to be worth a staggering US$ 128.2 billion by
2026.
In recent years, key operators of online gambling and betting have changed their business
models in order to incorporate changes in consumer demand and regulatory controls.
Relaxation of laws for online gaming and betting across the globe has provided new
opportunities for internet-based gaming operators to generate significant revenue. Major
players are driving innovative game development, along with online transactional services. A
report on the gambling and betting industry profiled major players including 888 Holdings PLC,
The Stars Group, Paddy Power Betfair PLC, Fortuna Entertainment Group, GVC Holdings PLC
and Kindred Group.
The global online gambling and betting market is segmented on the basis of gaming type,
device and region. Gaming type is classified into poker, casino, social gaming, lottery, bingo,
sports betting and fantasy sports. Of these sectors, the sports betting segment is expected to
expand at a considerable pace, owing to the increased number of sports fans and followers.
While online casino, poker and lottery are attracting more players, tempted by rewards and
offers. The rise in online gaming globally is also expected to boost social gaming, bingo and
fantasy sports over the next five years, with sports betting dominating the industry.
In terms of accessibility to online gambling and betting, device types are categorized into
mobile phone, desktop computer and tablet. In terms of transactional value, desktop was the
largest device to access online gaming in 2017. However, the mobile phone segment is
expected to see healthy growth due to increased adoption of smartphones, with a forecast
increase at a CAGR of round 16% over the next five years.
Geographically, the online gambling and betting market is divided into five regions – North
America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe was leading the
global gaming market in 2017. However, the Asia-Pacific region is anticipated to expand at a
CAGR of around 14% over the next five years.
Relaxation of legislation, growth in the number of internet users, increased disposable income
and availability of gambling and betting sites with attractive offers are key drivers of the online
gambling and betting industry in the Asia Pacific region. Additionally, the increased penetration
rate of internet-based devices and trust in online gambling and betting sites are propelling the
market.
However, the market in Europe is also anticipated to expand at a substantial pace during the
next five years. While the market in North America has major potential for online gambling and
betting, with a forecast CARG of around 12% over the next five years.
This is all good news for Matrix Worlds Corps. and our Matrix Coin, as the dramatic growth of
online gaming globally will present tremendous opportunities for us and is an opportunity not
to be missed by you.
THE JUNKET - HOW IT WORKS
A high roller gamer, having been invited, or having decided to attend a VIP junket in the Golden
Triangle, will inform the junket operator of the volume of stake money that he wishes to be
available, as a credit, at the gaming tables. This stake money can be many millions of US Dollars.
The readying of this stake money is facilitated by the gamer’s junket agent, who vouches for his
client.
This traditional system is founded on an expensive funding facility and carries credit risks. This
is why the typical arrangement fee, including commission for the introducing agent, is 5% of
stake value. As an incentive to have the premium high-roller gamer attend, and to ease the
gamer’s entry cost, the financial arrangement of setting a stake credit is usually covered by the
junket.
On arrival at the junket, the premium gamer will be required to register for his junket VIP card.
This is done by providing a telephone number and showing a valid passport. A confirmation
code is sent via SMS to the gamers phone and a VIP account is opened then and there. Having
activated the account, the premium gamer then signs a deposit form to have the stake monies,
which have already been earmarked for him, credited to his junket account.
The credit in the junket account can then be converted into non-negotiable gaming chips. These
non-negotiable chips cannot be cashed. The gamer must use the chips as stakes whilst playing
at the tables. This forces the gamer to roll all the money across the junket tables, which
underpins daily gaming volumes. As an incentive to the roll, junket operators give the elite
gamers a 1% rebate on their gross stake monies, once they complete the first roll.
Winnings are given in the form of negotiable gaming chips, which may be staked or cashed in at
the cashier’s desk. Having decided to return home with the rewards, the player will once again
require the assistance of the junket managers. This transactional facility will cost the premium
gamer between 5% to 7% of his winnings.
Maximum stakes at Baccarat tables in a Golden Triangle VIP junket can be as high as US$
100,000 per play, and daily rolling volumes easily reach a staggering US$1 billion, with a junket
possible hosting over 100 premium gamers a day. Most of the play will be Baccarat, but other
games of chance are on offer too.
An international network of agents will vet the credit worthiness and suitability of high roller
gamers before introducing them to the VIP junket operators. Agents receive a commission from
the junket operators for giving credit to the premium gamer and the agents are responsible to
the junket for any debt collection.
THE MATRIXWORLDS JUNKET, ONLINE PLATFORM AND MGC ACCEPTANCE
Matrix Worlds Corps. targets being operational as a licensed junket in the Golden Triangle or
online, branded as the first Matrix Worlds Junket for online before the Chinese New Year 2020
(25th January 2020).
The Matrix Worlds Junket have direct access to tens of thousands of premium gamblers
globally, ensuring attendance and demand for MTC from Day 1 of operation. As a sign of
confidence, the operators have already committed US$ 5 million to the project. This
commitment constitutes 50% of the total supply of Matrix Coin.
The usage of MTC will extend beyond the Golden Triangle’s junket market and online. We
expect casinos across Asia to quickly recognize the merits of linking to the Matrix Worlds
Community. Membership will comprise of committed gamblers who will readily welcome and
accept conversion of Matrix Global Chips (MGC) in their establishments.
Membership of the Matrix Worlds Community, Matrix Worlds Corps., will not be exclusively
targeting high net worth individuals and high roller premium gamers. The Matrix Worlds
Community will welcome gamers at all ranges - those who wish to play and place small bets.
The long-term goal is to strengthen the Matrix Worlds Community and eco-system well beyond
the Golden Triangle junkets or online platform Matrix Worlds and for MGC to be recognized
and widely accepted within the global gaming community.
DEBIT CARDS & ATMS
To support members who are migrating to the Matrix Worlds Platform from the traditional
banking system and fiat money, Matrix Worlds Corps. will issue each member who invests a
minimum of US$ 100, with a Matrix Worlds Debit Card on the global Visa/MasterCard network.
This will give members access to drawing cash and also settle charges for everyday purchases
directly from their Matrix Worlds account.
Matrix Worlds will also roll out own network of digital token compatible ATMs. This will
commence in mid-2020 with ‘Global Cash Machines’ appearing in Matrix Worlds Junkets and all
affiliated junkets and casinos worldwide.
MATRIX COIN PLATFORM
Matrix Worlds Corps., founded in 2019 and registered in the British Virgin Islands, is developing
the Matrix Worlds Platform. With funds from this STO, Matrix Worlds will expand the platform
and promote its application and adoption. The company will also promote the platform’s good
governance and transparency. Matrix Worlds platform is forecast to grow steadily within the
international eco-system and Matrix Worlds Community of platform users, gambling
establishments, gamers and MTC holders all linked by smartphone app wallets.
ETHEREUM BLOCKCHAIN / ERC COMPLIANCE
The Matrix Worlds platform will be securely underpinned by the internationally acclaimed
Ethereum blockchain that will act as the secure backbone of the immutable ledger upon which
MTC will host its complete digital cash-token-chip management solution.
MATRIX COINS - MTC
At the digital heart of Matrix Worlds’s Ethereum-based platform is Binance, designated and
registered with the token market abbreviation ‘MTC’. The Matrix Coin (MTC) is a native
Ethereum divisible digital token with up to eighteen decimal places. The total number of MTC
to be issued is 500 million cash coins, which will be minted, managed and governed by the
industry’s leading ERC20 compliant smart contract technology and associated protocols. All of
this is operated by the Ethereum Wallet, a gateway to decentralized applications on the
Ethereum blockchain.
USE OF MTC
Owning MTC automatically entitles a person to membership of MTC and grants access to the
Matrix Worlds platform. Members will be entitled to claim certain privileges, including, but not
limited to, access to MTC Junkets, our online MTC, and MTC-adopted casinos. MTC holders, as
Matrix Worlds platform members are not entitled to any financial rights of Matrix Worlds
Corps. at any time and membership does not entitle MTC holders to any distribution of profits,
nor any claim on any assets of Matrix Worlds Corps. Memberships are not provided any right of
redemption.
MATRIX GLOBAL CHIPS - MGC
In addition to Matrix Coin, the Matrix Worlds platform will securely support a suite of digital
utility tokens called Matrix Global Chips ‘MGC’. These MGC tokens can be purchased by
converting MTC, at the prevailing market rate. The initial global chip will be the MGC-USD, with
its value pegged to the US Dollar, at a rate of 1 MGC-US$ = US$ 1.00. Subsequent MGC tokens
in the suite of digital utility tokens will carry a value that is permanently pegged to a specific fiat
currency. The need for MGC arises from the fluctuating nature of all value tokens. MTC value
can rise or fall significantly over a short period of time. The purpose of MGC is to allow users to
lock a certain number of chips at an exchange rate between MTC and MGC that they are
comfortable with.
MTC/MGC INTERNAL CONVERTIBILITY
Matrix Worlds members can only acquire MGC by conversion of MTC. Gamers will therefore
need to own MTC in order to buy MGC, which can only be exchanged for non-negotiable
physical gaming chips at the MTC Junket or Matrix Worlds online.
MTC gamers have the option of either receiving cash or digital currencies when cashing in
physical negotiable gaming chips. These operations will be undertaken using secure ‘gamer-
cashier’ wallet-to-wallet transfers over mobile data/WiFi, or using secure NFC (Near Field
Communication) technology. If the gamer chooses to receive cash, they will receive physical fiat
money and will be responsible for the methods and expenses of bringing home that money. If
the gamer choses to receive digital currency, the cashier will inform the necessary transactions
and transfer the desired digital currency to the gamers’ wallet, net of fees (0.5%).
Given the anticipated high volume and vast numbers of daily transactions in MGC, it may be
appropriate to have these tokens on the Ethereum blockchain.
BUYING, SELLING AND CONVERTING MTC
After completion of the Token Sale, MTC can be purchased with fiat money or BTC, ETH, XRP
and LTH through a number of leading industry-recognized partner crypto-exchanges or directly
through the in-house Matrix Worlds Exchange.
SOCIAL WALLET
Members of the Matrix Worlds Community , defined as being fully AML/KYC cleared individuals
and duly registered with MTC as account holders, will be entitled to use the full functionality
smartphone MTC affiliated ‘Social Wallet’ which will help them visualize the number of MTC,
MGC and other forms of digital value tokens stored securely in their Matrix Worlds account on
the Ethereum blockchain. The MTC Wallet will fully support the holding of both MTC and MGC.
MTC AND BTC / ALT COINS
The Matrix Worlds platform and MTC Community Wallet will support the holding and cross-
conversion of MTC to BTC, ETH, XRP, LTC plus other major digital currencies in the future.
MATRIX WORLDS DEBIT CARD
Every MTC member can opt to receive a physical MTC Debit Card linking their Matrix Worlds
accounts to the global VISA/MasterCard network of ATMs and vendors.
GLOBAL CASH MACHINES
MTC platform will be connected to a network of Global Cash Machines (GCMs), that will allow
members to use their MTC debit cards to draw fiat cash by converting the value, stored digitally
in their account wallets, whether held as MTC, BTC, ETH, XRP or LTC. Members will also be able
to deposit fiat money into their wallets at GCMs.
The rollout plan is to first position GCMs in every Matrix Worlds Junket and MTC affiliated
gaming venue. Later, GCMs will be sited strategically in major cities in the ASEAN region, and
thereafter in a number of major cities globally.
2ST MTC LOTTO
Challenges Faced by Lottery Industry
Blockchain technology can solve trust and fairness issues faced by the lottery industry. As with
all centralized services, lotteries have real and perceived trust issues. Some of the most
common lottery industry problems are described below.
Fairness: Ensuring fairness of the game remains the biggest challenge. Lottery players may
question the possibility of manipulation or fraud, and these are some of their possible
concerns:
● Are the ticket and lottery real?
● Is the money really accumulated in one pool?
● Is RNG (Random Number Generation) truly random and secure?
● Is the jackpot winner real?
● Are the prizes paid on time?
Two famous cases of lottery manipulation, described below, illustrate the cause for concern.
Hot Lotto fraud scandal (2010). Eddie Tipton, the former information security director of the
U.S. Multi-State Lottery Association, installed software code that allowed him to manipulate
random number generation and predict winning numbers on specific days of the year and led
to his winning a $14.3 million jackpot in 2010. The manipulation was discovered, and Tipton
was convicted and sentenced to 10 years imprisonment in 2015.
The 1980 Pennsylvania Lottery scandal (also known as the Triple Six Fix) rocked the gaming
industry. A plot was hatched to rig the Daily Number lotto, a three-digit game offered by the
Pennsylvania Lottery. All the balls in the three machines, except those numbered 4 and 6, were
weighted, and as a result the numbers drawn were almost sure to be a combination of those
digits. The scheme was successful in that 666, one of the eight combinations that the
conspirators were hoping for, was drawn on April 24, 1980. However, authorities were alerted
by unusual betting patterns. The chief participants in the plot were sent to prison, and most of
the fraudulently acquired winnings were never paid out.
Regulations: In some countries, lotteries are illegal, and in most other countries only
governments and affiliated organizations are licensed to operate a commercial lottery business.
Corruption schemes that can affect distribution of funds may take place in different regions.
Availability: Users worldwide cannot always easily participate in some of the biggest lotteries in
the world, such as Euromillions and some of the lotteries in the United States. Users are limited
to playing smaller, local lotteries due to the smaller size of their domestic market,
underdevelopment of the lottery industry at home, or strict regulations. New online solutions
that allow such players to buy worldwide and U.S. lottery tickets have recently gained
popularity. But the service charges, as well as risks of fraud and mismanagement, remain high.
Currently, lotteries are controlled by the State and regulated by tight laws in most parts of the
world.
On average, no more than 50% of all funds collected from lottery ticket sales are allocated to
the prize pool. It should be noted that lottery participants have no control over how much
money is collected from ticket sale. The average value mentioned above is a rough estimate.
In addition, lottery winnings are taxed, and in some countries (for example, the U.S.) as much as
60% can be withheld. The average price of a lottery ticket is about USD 1.22. Lottery machines
that draw winning numbers for a lottery at different intervals determine winners. It is
promoted and believed that the winning numbers are drawn randomly, but there are ways to
influence the results. In order to make their lottery look more credible and transparent,
organizers arrange live television broadcasts and set up lottery commissions. However, it is easy
to make the process non-random by putting radio frequency identification (RFID) tags on
lottery balls. It’s a simple fix that even a child could do this.
We can draw a firm conclusion that any lottery is a source of government revenue earned at
the expense of citizens through an unequal distribution of funds collected from lottery ticket
sales. Many gambling industry representatives are unhappy with this system, and a few good
attempts have been made to organize an honest Internet lottery. However, the traditional
approach to organizing a lottery which involves the use of a centralized organizational
structure, i.e. a single server that may belong to a single owner, has long been mistrusted
because nobody can check the RNG (random number generator) and other parameters of the
lottery, other than a narrow circle of interested parties. Blockchain technology can help us solve
this problem. However, projects that use this technology are not always transparent enough.
An example is the TrueFlip project. If you carefully read their project description and code
published on GitHub, you will see their use of the blockchain technology is limited only to the
RNG, while data on the amount of funds collected and the distribution of funds is stored on a
single server.
HOW THE BLOCK CHAIN MTC LOTTO WORKS
With MTC Lotto, we have built a completely transparent and fully decentralized platform for
organizing and conducting a lottery using the blockchain technology and ETH smart contracts
for collecting and distributing funds. Drawing winning numbers in a random fashion, and paying
lottery tickets sales commission to token holders is a secure and fair feature of MTC lotto.
The prize pool of the MTC Lotto lottery is formed from 70% of the funds collected from ticket
sales. The minimum size of a guaranteed jackpot is fixed—8200 ETH (~ USD 1,000,000) for the
6numbers lottery.[*] If nobody wins the main prize in a drawing, it will be rolled over to the
next drawing and the jackpot increased. The jackpot will keep growing until it finds its winner.
There will be five prize categories with a different prize depending on how accurately the player
predicts lottery numbers. All categories starting from 2 will be calculated as percentages of the
prize pool. If several winners win the jackpot in one drawing, it will be split between them.
We will offer two types of lotteries: instant lotteries and draw lotteries. The MTC’s Wheel
instant lottery is a mix between the traditional wheel of fortune and a slot machine. In this
game, players can place bets ranging from 0,01 to 1 ETH [*] and choose a payout rate from 2 to
20, which will be used to multiply their winnings. Next, the player spins the wheel divided into
21 sectors with different payout rates on them. If the wheel stops at the player’s chosen rate,
he or she will instantly have the winnings (the bet multiplied by the payout rate) transferred to
their cryptocurrency wallet. The player can turn an unlimited number of wheels in one game,
which reduces the waiting time and increases the number of tickets bought by the player. The
wheel rotates for 20–30 seconds. The randomness of the game is ensured by ETH blockchain-
based RNG. Its description will be given later in this document. On average, 5-6% of the value of
bets made is kept by the system.
We offer three types of draw lotteries:
4 Number, 5 Numbers, and 6 Numbers. Our platform allows for the addition of new types of
lotteries in the future. The player enters the lottery site with a traditional and user-friendly
interface, where he or she can buy almost an unlimited number of lottery tickets and choose
numbers for each ticket. Tickets are bought in one click through the user’s cryptocurrency
wallet. An Ethereum transaction goes to the smart contract of the chosen lottery, contributing
to the prize pool. 70% of all lottery ticket sales are allocated to the prize pool. Table 1 shows
data on the distribution of lottery funds.
There is a prize drawing every six hours in each lottery. Numbers are drawn randomly with the
help of the blockchain-based RNG (any four, five, or six numbers are taken from the unique
code of the latest ETH block mined). After all the numbers in the lottery have been drawn,
winnings are automatically transferred to the owners of the winning tickets through the
algorithm built in the smart contract.
4 Numbers Lotto
Matching Number Price Pool Distribution
4 33%
3 33%
2 34%
Ticket Price 0.01 ETH (1.22 USD)
Guaranteed Price Pool 25 ETH(3,000USD)
5 Numbers Lotto
Matching Number Price Pool Distribution
5 25%
4 25%
3 25%
2 25%
Ticket Price 0.01 ETH (1.22 USD)
Guaranteed Price Pool 800 ETH(100,000)
6 Numbers Lotto
Matching Number Price Pool Distribution
6 20%
5 20%
4 20%
3 20%
2 20%
Ticket Price 0.01 ETH (1.22 USD)
Guaranteed Price Pool 8,200ETH(1,000,000USD)
Winnings are automatically paid in full within 90 seconds of the drawing. Transfers are made to
the cryptocurrency wallets that were used to buy the winning tickets. In the draw lottery, every
10th ticket wins a prize. Many lotteries have a payout rate of 1 for two matching numbers,
which means that players only win back their bet. However, keeping in view that there is a tax
on gambling winnings, which means that the player who guessed two numbers will lose at least
30% of their bet rather than win anything. In our MTC Lotto lottery, the minimum payout rate
for two matching numbers is at least 1.6, which means that the player will get paid back the
price of the ticket plus half of its cost.
WHY THE MTC LOTTO WILL BE PLAYED ALL OVER THE WORLD
● The initial guaranteed prize pool is over USD 1.1 million.
● The amount of the prize pool can grow up to tens of millions of dollars.
● Do not need to worry about fake ticket and fraud winning ticket
● Distribution and payout procedures are transparent and supported by smart contracts.
● This lottery will be worldwide accessible and cannot be banned. You only need Internet
access and a cryptocurrency wallet to play it.
● There is no possibility of system failure.
● The MTC Lotto is anonymous.
● Winnings of any size are paid out almost instantly.
● Winnings will not taxed.
● As the lottery platform is decentralized, it will operate independently and autonomously as
long as there are gambling enthusiasts, the Internet, and cryptocurrency.
● Sales commission payments are secured by smart contracts and provide token holders with
an almost endless source of income.
● The price of MTC tokens will constantly increase.
MTC Lotto token holders will also have sales commission transferred to their cryptocurrency
wallets after the drawing. The sales commission rate will be fixed in the smart contract.
Commission will be paid in ETH. Token holders will be free to use their share of sales
commission as they wish.
All processes and distribution operations in the system will be carried out based on the
mechanisms built into smart contracts, which will exclude the possibility of them being
influenced by the lottery organizers. Everything will be done autonomously, honestly, and
transparently.
In order to substantiate our value proposition, we will publish the full source code of the MTC
Lotto at the beginning of our security token offering (STO), so that anyone can check it and see
that the system corresponds to its description in this paper.
SALES COMMISSION DISTRIBUTION AND PAYMENT
MTC Lotto token holders are guaranteed to receive 10% of the funds collected from ticket sales.
Sales commission is distributed after each and every drawing based on the smart contract,
regardless of the volume of ticket sales. Yield per token is USD 1.20 cents from each 16 million
tickets sold, which is more than 20% per annum of the amount of funds invested in MTC Lotto
tokens.
Considering that more than 150 billion lottery tickets priced at USD 1.22 are sold globally each
year, the profitability of Lotto tokens may exceed 50% per annum in the very first year.
We should also keep in view that the MTC’s Wheel instant lottery, which is a virtual slot
machine. keeps 10% of the value of bets made. Clearly, the profitability of instant lotteries and
slot machines is difficult to underestimate.
3ST MTC FOREX
When the individual trader wishes to exchange one currency for another, a fee is incurred
which currently ranges between 5-7 % of the total transaction amount. having to save cost of
transaction fees more than 80-90% from each potential investment opportunity is largely
unattractive to investors and reduces the viability of many investments. Barriers to enter the
Forex market act as a deterrent to the novice investor. The potential of these funds has recently
been realized in the Cryptocurrency industry, as its market capitalization has increased to over
$400 billion at the beginning of 2018. In addition, the broker also incurs a fee between 5-7 %
when transacting with liquidity providers. Large broker platforms typically host thousands of
investors with potential turnovers in excess of 100 million dollars per day. A large portion of
this amount consists of unnecessary fees, presenting an opportunity for massive cost savings.
By introducing blockchain technology to the Forex market, MTC is able to address inefficiencies
in the market that, until now, have not had a solution. By offering a digital currency to brokers
and traders, MTC provides a medium through which to effortlessly convert fiat currency into
MTC tokens. Once it is securely logged on the blockchain, it can be converted into any of our
Forex pairs. Traders can then use Forex credit to participate in the market. Once trading has
ceased, traders can trade Forex credit back into MTC or any other digital currency.
Alternatively, traders can choose to keep Forex credit, which can either be used to continue
trading at a later stage, or withdrawn into fiat currency through the Forex trading platform, at
minimal cost. This offers traders and brokers an attractive alternative to the traditional Forex
structure, by providing an innovative platform with highly reduced fees and faster transaction
times. The result is increased profit margins and investment potential for traders, and cost
savings for brokers when transacting with liquidity providers. Matrix Worlds Corps. presents an
attractive offering for Crypto investors, who can now choose to participate in the Forex market
as well. MTC can be used as a great hedging opportunity in a situation of high market volatility.
Crypto investors can easily swap their crypto for a more stable fiat alternative, until the market
has stabilized. Until now, brokers have had to approach liquidity providers to provide them with
liquidity. They can then offer this to their customers. In the future, MTC will act as its own
Premium Broker. Offering brokers the ability to purchase MTC at the prevailing market price,
plus a discount. This provides leverage to brokers that choose to use our platform. Brokers can
choose to manage their own risk and profit by using their leverage and deciding how much of
their MTC they would like to allocate to traders.
TRADER BENEFIT Crypto / Forex trader can enjoy various benefits from holding Matrix Coin.
● MTC increases its value Everyone in MTC eco-system will exchange to MTCForex to get more
profit and cheaper transactions. This also creates a vast cash flow that will go in to the
exchange and it will be one of the strong factors to build the MTC foundation and make the
price rise steadily.
BROKER BENEFIT Brokers can benefit from 2 ways
● By transferring the money to LP or banks MTC will act as a payment gateway but most
importantly, we give discounts to brokers.
● By purchase/store of MTC Brokers can easily buy MTC at a discount price then distribute to
their traders or in house exchange. MTC is an optimal marketing tool to get more customers for
the brokers.
THE MATRIX WORLDS COMMUNITY
Matrix Worlds Corps. will build a steadily growing community, centred around a digital
tokenized value management eco-system, made to meet the needs of casinos and online
gambling sites and their gaming patrons. The initial focus of Matrix Worlds will be on the nice
junket sector in the Golden Triangle and the online sector, where betting administration costs
and daily cash flows are very high. Targeting the junket sector will quickly provide the Matrix
Worlds platform with loyal and committed users and significant daily transactional cross-
platform values.
TECHNOLOGIES
Thanks to the power of communication and IoT, we have the ability to create technologies that
are decentralized, removing middlemen and allow users to interact directly through a global
network.
Ethereum is a decentralized platform that runs smart contracts. Based on applications that run
exactly as programmed, without any possibility of downtime, censorship, fraud or third-party
interference.
These apps run on a custom-built blockchain, an enormously powerful shared global
infrastructure that can move value around and represent the ownership of property. This
enables developers to create markets, store registries of debits, credits and promises, move
funds in accordance with instructions, even when given long in the past, such as a will or a
futures contract. The technology will lead to the creation of many other things that have not
been invented yet. And introduce processes and value chains without a middle man or
counterparty risk.
Ethereum can be used to build financial applications that are fully trustworthy and transparent,
because they run on blockchain technology. Blockchain is an online cryptographically secure
system that is made to manage property assets and contracts.
The Blockchain project was bootstrapped via an Ethereum presale in August 2014 by fans all
around the world. Blockchain has been developed by the Ethereum Foundation, a Swiss non-
profit, with contributions from great minds across the globe.
On traditional server architectures, every application has to set up its own servers that run their
own code in isolated silos, making sharing of data very difficult. If a single app is compromised
or goes offline, many users and other apps are affected. While on a blockchain, anyone can set
up a node that replicated necessary data for all nodes to reach an agreement and be
compensated by users and app developers. This allows user data to remain private and apps to
be decentralized, exactly how the Internet was originally supposed to work.
BitTorrent, a file sharing network, that was developed in the early 2000s, is arguably the first
decentralized application. It allows anyone to share any find of files with anyone else in the
world. This allows people to distribute information and content quickly and easily, even if they
do not have the resources to facilitate their own website or server.
HOW SMART CONTRACTS WORK
Like any traditional contract, a smart contract is purely an agreement in digital form. Think of it
as a small computer program that is stored inside a blockchain, therefore, nobody can interfere
with the contract that is created. Smart contracts help with the secure exchange of money,
property, assets, shares or anything of value in a transparent, conflict-free way while avoiding
services of a middleman, hence the decentralized nature of Ethereum.
Ethereum allows developers to create their own smart contracts that can be customized to
their needs, unlike Bitcoin, which uses more sophisticated language to do so.
These are some examples of how smart contracts can be used in real world. The Ethereum
blockchain mechanism coupled with smart contract technology removes intermediaries and
escrow services, reduces time and prevents conflict.
SMART CONTRACTS IN GOVERNMENT
Governments of many developed democratic counties claim that it is extremely hard for voting
systems to be rigged. However, there has been ongoing debate about voter fraud in many
Western societies. Smart contracts would allay all concerns by providing an infinitely more
secure system. Ledger-protected votes would need to be decoded and require excessive
computing power to access, which no one has. Secondly, smart contracts could improve lower
voter turnout. With the current fumbling system that requires voters to line up, show their
identity and complete a form to cast their vote, smart contracts would overcome the current
system weaknesses. Volunteers can transfer voting to online and Millennials will turn out en
masse to vote. This shows the power of smart contracts and their ability to potentially
transform, and disrupt outdated systems.
MANAGEMENT
The blockchain not only provides a single ledger as a source of trust, but it also overcomes
possible hinderance in communication and workflow because of its accuracy, transparency and
automated system. Commonly, business contracts and operations involve back-and-forth
communication for approvals and for internal and external issues to be resolved. A blockchain
ledger streamlines this. It also cuts out the discrepancies that can occur with independent
processing and human error, leading to costly lawsuits and settlement days.
CASE HISTORY
In 2015, The Depository Trust and Clearing Corp (DTCC) in USA used a blockchain ledger to
process more than US$ 1.5 quadrillion work of securities, representing 345 million transactions.
This would have been a near-impossible task using traditional manual systems. Another
example of blockchain use is at Barclays Corporate Bank, who uses smart contracts to log
changes of ownership of assets and automatically transfer payments to other financial
institutions.
AUTO MOBILE
Think of a future where everything is automated. Google is getting there with smartphones,
smart glasses and even smart cars. That’s where smart contracts help. With self-autonomous or
self-parking vehicles, glitches in the system could cause accidents. Smart contracts could help
detect who was at fault in a crash. Using smart contracts, an automobile insurance company
could charge different rates based on where, and under which conditions, customers are
operating and parking their vehicles.
REAL ESTATE
You can get more money through smart contracts. Traditionally, if someone wishes to rent an
apartment to someone, they would arrange through a middleman – agency or
advertising/trading platform. The payment of rent and issuing invoices and receipts has to be
efficiently managed. Smart contract ledger enables this with low cost. The renter could pay
their rent by Bitcoin and encode the transaction on the ledger. The transaction is transparent
and fulfilled. Property brokers, real estate agents, money lenders, and anyone associated with
the property market can profit from using smart contracts.
HEALTH CARE
Personal health records could be encoded and stored on the blockchain. Access would be
granted to specific individuals who have a private key. The same strategy could be used to
ensure that scientific medical research is conducted under HIPPA regulations, in a secure and
confidential way. Receipts of surgeries could be stored on a blockchain and automatically sent
to medical insurers as proof of service. The ledger could also be used for general healthcare
management, such as supervising drug subscriptions, regulation compliance, testing results and
managing supplies.
The above use of blockchain and smart contracts is credited to Ameer Rosic and is intended to
provide some clarity and a better understanding of the benefits that blockchain technology and
smart contracts are bringing to business.
Project Description Matrix Coin , Matrix Worlds, MTCtrade, MTClotto, MTCForex
Token Protocol Verified with Etherscan. Operated under the ERC20 infrastructure.
Token Symbol MTC
Private Sale Period 1 November – 30 November 2019
Period price #1 Dec 2019 - 31 Dec 2019
1 Dec 2019 - 10 Dec 2019 $ 0.10
11 Dec 2019 - 20 Dec 2019 $ 0.20
21 Dec 2019 - 31 Dec 2019 $ 0.30
Public Sale Period
Percentage/Supply sold though token sale. 30%
Total Supply of MTC 500,000,000 MTC
(Five-Hundred Millions MTC)
Percentage/MTC held by founders 20%
Percentage/MTC held by core team 10%
Percentage/MTC held by advisors 5%
Percentage/MTC held by marketing 15%
Percentage/MTC held by bounty / affiliate 5%
Percentage/MTC held by reserve 5%
Percentage/MTC held by private sale 10%
TOKEN GENERATION
Token generation events provides a great opportunity to efficiently raise the capital needed to
fund ambitious business goals. As many blockchain backed businesses have taken to funding
through STOs, checks must be put in place to ensure that these businesses operate in a
transparent and open manner. Given this concern, MTC’s overriding principle of security and
complete transparency to MTC holders, each ERC20 complaint smart contract linked to the
Ethereum blockchain will be subjected to independent audit prior to token sale.
1 March 2019 - 15 March 2019 $ 0.40
16 March 2019 - 31 March 2019 $ 0.50
1 April 2019 - 15 April 2019 $ 0.60
16 April 2019 - 30April 2019 $ 0.70
1 May 2019 - 10 May 2019 $ 0.80
11 May 2019 - 20 May 2019 $ 0.90
21 May 2019 - 31 May 2019 $ 1.00
MTC ALLOCATION
To ensure we remain transparent and accountable to our
investors and the eco-system members, the information
below outlines how the tokens will be distributed amongst
the JAZ team.
TOKEN DISTRIBUTION AND FUND ALLOCATION
Token Distribution
Public Sale 30% Founder 20%
Private sale 10%
Core team 10%
Advisory 5%
Marketing 15%
Reserve 5% Bounty Reward 5%
RESTRICTION ON SALE
Some unrelated and previous token generation events have been followed by disappointment
from token holders, as a decrease in the price of the token has been realized in the weeks
following the STO. This is usually a result of excess tokens flooding the market in an effort to
capitalize on short term gains. Tokens that were obtained outside of public STOs should be
carefully monitored and restrictions on the sale of these tokens should be implemented to
ensure price stability, following the STO. With this concern in mind, strict restrictions will be
implemented on all Matrix Coin founding members and advisors and stated below.
Founder
Maximum 10% of holdings may be sold
in the first year and 20% on the following year.
No restriction thereafter.
Advisors
Maximum 20% of holdings may be sold
in the first year and 20% on the following year.
No restriction thereafter.
Bounty/Affiliate program
No resale permitted for
the first 60days of listing on Exchange.
No restriction thereafter.
Partner
Maximum 10% of holdings may be sold
in the first year. No restriction thereafter.
Private - Sales
No resale permitted for the first ?
days of listing on Exchange.
No restriction thereafter.
Public Pre-Sales
No resale permitted for the first ?
days of listing on Exchange.
No restriction thereafter.
Public Sale
No restriction.
Reserve
Maximum 10% of holdings may be sold
in the first year. No restriction thereafter.
Crowd Support
Maximum 20% of holdings may be sold
in the first year and 30% on the following year.
No restriction thereafter.
CONCLUSION
In addition to the elite gamers at Golden Triangle junkets, there are many millions of
transactions carried out between players and online gambling sites each day, both in terms of
stakes being laid down and winnings being collected. Through Matrix Worlds Corps., we can
facilitate transactions that will be made quickly and directly without the need for an
intermediary such as a bank or a credit card company being involved. A win for both parties.
For the player, the anonymity of the exchange, not to mention the speed, are both very
appealing features. Plus, the low fee is obviously good news for online casinos, which may be
paying 5% to carry out some transactions, allowing it to plough more money into marketing,
new games, or better jackpots.
The global nature of online gambling is another very good reason for the use of Matrix Coin, as
opposed to more traditional fiat currencies. That is because there is no need to convert
currencies, which is something else that attracts bank fees and leaves buyers and sellers
exposed to variations in the exchange rate that could leave either, or both, out of pocket.
Conversely, the volatile nature of cryptocurrencies may also be one of the more attractive
aspects to players who, by their very nature, are not averse to taking a bit of a gamble. So, the
chances that their winnings could easily appreciate in value until the time is right to cash them
into a fiat currency is also a point in the favour of Matrix Coin.
Last, but not least, the fact that the blockchain is such a secure method of payment is obviously
very important at a time when data breaches and other security issues are very much on the
increase. Due to its decentralised attributes, it makes it virtually impossible to alter any data –
offering a protection against online fraud, so both the gambler and casino can rest assured.
Given the tremendous potential for MTC within the Golden Triangle and globally, this STO is
definitely an opportunity not to be missed.
Lee Gong Wu
INVENTOR & LEADER DEVELOPER
Lee Gong Wu is a researcher working on
cryptocurrencies, smart contract security and
distributed consensus algorithms. He is experienced
in building high performance multi-platform
applications. He is interested in building high
performance multi-platform applications. The open
source project which embraces decentralization of
mining pools in existing cryptocurrency.
Park Chong Ho
DATA ENGINEER
Park Chong Ho is a senior backend engineer and
OS system administrator. He is experienced in
building high performance for multi-platform in all
function of applications. Park Chong Ho is
interested in building higher performance of
applications. He has been involved in blockchain
technologies and cryptocurrency development
since early 2015 and is a lead engineer at the
Crypto Big project.
Edward Watson
Business Development Specialist
Edward Watson has spent over a decade driving
growth and awareness for both Fortune 200
companies and tech startups alike. He is one of
the best marketing and business developer in
advertising business industry. His results-
oriented approach has earned him multiple
industry awards. As an early and passionate
adopter of crypto, he uses extensive marketing
skill set to maximize the reach and success of
Matrix Worlds.
