Only 30% sold during ICO, how will the other 70% come into the circulation?
For every MCO token sold during ICO, there are also 2.33 other MCO tokens created that are in a lockup at launch. Founder/advisor (0.833 / 0.166 tokens) release after 3 mo, talent pay (0.333 tokens) comes in after 12 mo, project treasury reserve (1 token) may never be cashed in at all... |
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Watching. Very intrigued.
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Even by now the $53 million must have dropped to region like $43 million. I have to aks if the team is going to convert all this money into fiat or how do they plan to use them. The time the ICO was on alot of tokens were pumped and if the team don't hedge themselves well, the money might dropped significantly in value when correction starts
I would say the correction has already started. MobileGo ICO escrowed assets have lost 27.5% of their claimed ICO value in less than 72 hours. But there is no hedging allowed until MGO tokens are released and the assets come out of escrow. And speaking of "pumped" - GAME has dropped by 50% or so from its ICO-last-day peak.  |
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however I still do not understand how MGO should get near or pass the price of GAME since all the users on the store will 90% use GAME and nod MGO and the 10% buyback ye nice but still in my eyes it's more profitable to stick to GAME?
mobilego will be used for peer to peer betting thats alot bigger than you realize , as well as the decentralized marketplace where you can sell in game items and what not, even though game just had a block halving there are still new coins being mined everyday, mobilego no more coins being created hopefully that helps ya |
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With the current market, this coin is going to triple minimum, but likely touch/pass GAME's current value.
Dude. This is a zero-mining non-inflationary buyback-and-burn token going into a market with over a half billion potential immediate users.Smart contracts enabling gamer-on-gamer action with loser paying winner his entry fee = VEGAS, BABY.https://www.youtube.com/watch?v=dV1HSscPYSY |
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According to the ICO Whitepaper, 10% of MobileGo gaming platform profits are to be allocated to buyback and burn of MGO tokens.What about the other 90% of profits? Do MGO holders have an ownership claim to any of the remaining 90% of MobileGo gaming platform profits?
Good question. MGO holders do not have ownership of the remaining 90%, however if possible, greater than 10% of profit can go to buying back MGO tokens. 10% is our minimum. If the store becomes stable and more profitable, we may increase the amount of profit that goes to buy back. But the remaining 90% will go to further development, taxes, operational costs, and remarketing. "Gamers joining the MobileGo Gaming Platform after its release by July 30 will create a user profile upon signup. This profile will document their ongoing social status within the system, based on various factors including games played, referrals, and social interaction on the platform. Gamers using the MobileGo gaming platform may purchase in-game content from game providers using Gamecredits. Gamecredits may be acquired with credit cards and other local payment methods using a proprietary payment gateway on the Platform. The platform will allow unlimited deposits for purchase of Gametokens. In addition to using Gametokens for in-game purchases, gamers may also own and hold MobileGo (MGO) tokens. Gamers whose profiles show they hold MGO tokens are eligible for benefits including: (1) coupon discounts on Gamecredit purchases made on the platform; (2) private beta testing of new game releases by game providers; (3) possible special eligibility in centralized gaming tournaments set up by game developers on the platform to promote their games, with winners receiving Gamecredit prizes; (4) free entrance into VIP sponsored tournaments with real cash prizes; (5) decentralized gamer-to-gamer match play as well as tournaments set up by gamers on the platform using MGO tokens as entry fees / prizes and run using smart contracts; (6) access to a decentralized mobile gamer-to-gamer marketplace for virtual item purchases." @Jack - I've got lots of questions based on these Whitepaper sentences / phrases, but in this post I'll start with the obvious. Can a platform user get MGO tokens using credit cards and other local payment methods just like they are going to buy Gametokens, using the "proprietary payment gateway"? Will MobileGo need a financial services license to sell these tokens (either Game or MGO or both) in exchange for cash or local currency, and if so, what's the plan for getting that license and what country is it registered in? If you guys are NOT going to be the financial services provider to get MGO tokens to gamers, how WILL gamers be getting MGO tokens? |
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Congrats to MobileGo on a very successful ICO. Onward to victory for all those of us lucky enough to have participated.
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"Timestamping for value" and using that as a factor in calculating who gets how many tokens is not a good idea in any ICO.
If bitcoin price dropped then you wouldn't be saying that would you? Sure I would still say that. Once you donate your single BTC to an ICO, you should no longer care whether or not all other BTC in the world goes up OR DOWN. Because they WILL do one or the other, if not both. Instead, you have decided not to allow your single BTC to participate in that market for the next few weeks. The act of donating a BTC should imply a decision not to cry if the value of all other BTCs in the world then go up while your donated BTC is locked in an ICO for weeks. Your focus should be on ICO token launch.The act of donating a BTC should imply a decision not to gloat if the value of all other BTCs in the world then go down while your donated BTC is locked in an ICO for weeks. Your focus should be on ICO token launch.If you still feel a need to cry OR GLOAT, then you are not fully emotionally committed to your act of donation to the ICO. You are exhibiting doubt. You are still connected to the ongoing market outside of the ICO. You are looking for personal reassurance and personal validation from a situation that does not care about you. You should not do that. It leads to a lot of emotional stress in a situation where you no longer have any control. You have given your control to the devs. Trust them. Why else did you enter the ICO? It is hard enough to get your emotions under control when making a cold, logical decision on whether or not to invest in an ICO and its devs. In the MGO ICO, the devs have made achieving that emotional control harder by introducing an element of "timestamp for value". That means you are still thinking about the value of your BTC both before and after your donation. This is a huge distraction that serves no useful purpose. It is just a psychology trick, to make you feel "safer" about entering the ICO. I say again, all donated BTC have the same equal value - their value on the day escrow is over and the devs can access them. I say again, giving some donators more MGO tokens than others just because they donated their BTC on a "lucky day of peak BTC value" is not fair. I say again, whatever....let's do this. Instead of concentrating on BTC donation price and the outside BTC market, you should instead be concentrating on the MGO launch price. MGO is what you own now, not BTC. Do I practice what I am preaching here? Boy, it's mighty hard to do..... |
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i will agree, when we invested ...is our choice..if price was down we would say how smart we are  I am coming to the game late here, and it really doesn't matter what I think. What really counts is the ICO Terms, which outlines "timestamping for value". However, I never miss an opportunity to say what I think, whether it matters or not. Everything below is IMHO.... "Timestamping for value" and using that as a factor in calculating who gets how many tokens is not a good idea in any ICO. The BTC that are donated to this ICO have exactly the same value whether they are donated early or whether they are donated late in the crowdfunding campaign. That value is determined on the day in the future when BTC are released from escrow and the devs can first lay hands on them. Every single BTC on that escrow release day has the same value. On escrow release day, there are not some BTC that will be "more valuable" and others that will be "less valuable". So why should some of the donators receive more MGO than others for the donation of any particular escrow release BTC? The problem here is that everybody wants to see their "invested value" protected. This is not logical thinking. The very act of investing a BTC coin in this ICO is cutting it off from the very exchange system that provides a swing in its value. By investing in an ICO, you are saying "I don't care what this BTC will be worth tomorrow, up or down, if I keep it. I want to take a shot on the future and take it off the market and invest in this ICO. My BTC I am surrendering will have no value whatsoever to me again until launch many weeks from now". And on that launch date, all investors who took an equal risk by taking their BTC off the market for weeks should receive an equal proportion of compensating tokens at launch. ICO devs are wrong when they worry about "protecting a donator's invested value" as a criteria in structuring an ICO. Protecting investors should not be a major concern - taking actions to produce a token of value should be the primary concern. Even the "15%/10%/5%" weekly reward system should be thought of as trying to generate early buzz for advertising, not as "investor protection" to compensate donators for locking their BTC up for weeks. But as I said up front, what really counts is the ICO Terms, which outlines "timestamping for value". Like everybody else, I'm now wishing I had held my BTC for a few more days before plunging it into this ICO. But whatever. Let's do this. |
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there is one way to squeeze more coins out of the ICO. Buy GAME and sit on it until the end of the ICO. I predict a run up of GAME as people flood in at the last moment and use GAME for the 10% discount. So you buy GAME now, wait for it to pop and then transfer your GAME to the ICO closer to the end date.
Only do this if you can withstand a drawdown in the price of GAME, but no risk no reward right.
@Jack ^^^. Told you so. As I said to you privately and as I now say publically, I believe MobileGo should implement price averaging on GAME in the last 72 hours of this ICO. If you run the numbers on the worst case scenario I postulated to you privately, this could be a real problem. |
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I left my MobileGo crowdsale dashboard window open overnight and it has filled up with literally hundreds of the green tabs stating my Founders Club Member ID. Also, my donation was repeated over and over and over at the bottom of the page. Now that I've reloaded, I'm not seeing anything for the total raised at the lower right corner of the page, altho all other areas have reasonable entries. However, I notice the dashboard currency totals lag behind the front page statistics shown at mobilego.io. Is there any data for how much of each currency was donated by the end of each bonus level? For example, I did this spreadsheet on the Lisk ICO a year ago....something equivalent for MGO would be a nice gesture towards transparency. https://docs.google.com/spreadsheets/d/1j1sOFyPa3ZPr6QuG7pzuJtw9DHy4BNuoWw5Iu9N9MiQ/edit#gid=0 |
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Is there a lockup period for the 30M tokens being held back by devs or will MGO (is that the token symbol?) launch with all 100M tokens available?
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Just joined this ICO with BTC, my donation is at 12 confirmations, still not showing up on the crowdsale site. What is the typical time for a new donation to register and show up on the dashboard?
GggggggooooooooooOOOOOOOOOOOOOOO MobileGo !!!
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Sadly that USA is one of the most hypocrite places in the world (on the macro level)
Sadly, +1. Yet some of the nicest and best individuals on this planet. What a country. |
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I still didn't get why ICONOMI changed their original plan of distributing dividend to buyback. If Taas can pay dividend, why can't ICONOMI?
ICONOMI has become concerned about getting in trouble with the American SEC as an unregulated security. Many think poloniex will not list ICN because of this. So the devs changed from dividends to buyback-and-burn to distribute profits. This will make ICN increasingly rare. TaaS has yet to distribute a dividend. They may change plans too. |
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0.00045 and beyond coming up...  |
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Comment on Reddit from Jani: jani8x: We 100% agree on that and working on that. Prioritisation is clear. Nevertheless - compare ICONOMI's transaparency with other projects and you will see we are setting new standards here. And once again, thank you for your clearly stated expectations - we will meet them. Fantastic news. And congrats on becoming a crypto millionaire with your ICN Mal. The rest of us aren't far behind you! Thanks! We are all just getting started on our trip to da moooooonnnnnn 
I... AM... HODLING !!! |
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Comment on Reddit from Jani: jani8x: We 100% agree on that and working on that. Prioritisation is clear. Nevertheless - compare ICONOMI's transaparency with other projects and you will see we are setting new standards here. And once again, thank you for your clearly stated expectations - we will meet them. |
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Bazinga! ICN is trading above 0.000425 now.
> $0.78 = NEW USD ATH !!!
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