[ANN] MOBILEGO Crowdfund [$53 Million] - Decentralized Mobile Gaming Solutions

[Jack Kuveke]

i wonder, if the token will be distributed to WAVES and ETH then do devs create the same amount of token in both? so there will twice the amount of tokens?, and then what?, burn the rest which werent distributed?

I asked that myself, too. I came to the conclusion that they will create the complete amount which will distributed on both chains. After complete distribution, they have two options. Either they burn the rest (usually works if you send coins / tokens to genesis block) or allow cross chain transaction. You both chains need to hold the complete amount and burning is no option.

This process is entirely explained in our whitepaper. Only 100 million coins can be accessed at any given time. 100 million on both blockchain. If 40 million are distributed to eth wallets and 60 million to waves. 60 million eMGO tokens are locked in eth smart contracts, and 40 million wMGO are locked on the waves platform.

[soloasi]

i wonder, if the token will be distributed to WAVES and ETH then do devs create the same amount of token in both? so there will twice the amount of tokens?, and then what?, burn the rest which werent distributed?

I asked that myself, too. I came to the conclusion that they will create the complete amount which will distributed on both chains. After complete distribution, they have two options. Either they burn the rest (usually works if you send coins / tokens to genesis block) or allow cross chain transaction. You both chains need to hold the complete amount and burning is no option.

This process is entirely explained in our whitepaper. Only 100 million coins can be accessed at any given time. 100 million on both blockchain. If 40 million are distributed to eth wallets and 60 million to waves. 60 million eMGO tokens are locked in eth smart contracts, and 40 million wMGO are locked on the waves platform.

ok, i get it, but how do you know which way users will set? (WAVES or ETH), you will wait for every user to set they wallets on the ICO daschboard and then create the WAVES token?, or maybe you already created the 60 million tokens on WAVES and you distribute from there, but in case there are more users asking for their tokens on WAVES what would happen?

[temmuz]

My page is constantly like that. Is the situation normal?

[Hhampuz]

i wonder, if the token will be distributed to WAVES and ETH then do devs create the same amount of token in both? so there will twice the amount of tokens?, and then what?, burn the rest which werent distributed?

I asked that myself, too. I came to the conclusion that they will create the complete amount which will distributed on both chains. After complete distribution, they have two options. Either they burn the rest (usually works if you send coins / tokens to genesis block) or allow cross chain transaction. You both chains need to hold the complete amount and burning is no option.

This process is entirely explained in our whitepaper. Only 100 million coins can be accessed at any given time. 100 million on both blockchain. If 40 million are distributed to eth wallets and 60 million to waves. 60 million eMGO tokens are locked in eth smart contracts, and 40 million wMGO are locked on the waves platform.

ok, i get it, but how do you know which way users will set? (WAVES or ETH), you will wait for every user to set they wallets on the ICO daschboard and then create the WAVES token?, or maybe you already created the 60 million tokens on WAVES and you distribute from there, but in case there are more users asking for their tokens on WAVES what would happen?

Reading comprehension??

He just said that 100M has been created on both chains, but they'll only ever have access to a TOTAL of 100M combined. So it could very well be that 69M Tokens goes to Waves and 31M to ETH or vice versa.

[tex83rb]

My page is constantly like that. Is the situation normal?

they are auditing the funds so its normal.

for me too the situation is that

[Rumhurius]

same here.
YAY

Overfounded af anyways.^^

[Hhampuz]

same here.
YAY

Overfounded af anyways.^^

Please do tell me how it is overfunded? How can it even be overfunded? Only in terms of your profit decreasing? I'd say that the success of the project comes first.

[soloasi]

Reading comprehension??

He just said that 100M has been created on both chains, but they'll only ever have access to a TOTAL of 100M combined. So it could very well be that 69M Tokens goes to Waves and 31M to ETH or vice versa.

yep, sorry, my bad, all clear now.

[nathalie20]

i wonder, if the token will be distributed to WAVES and ETH then do devs create the same amount of token in both? so there will twice the amount of tokens?, and then what?, burn the rest which werent distributed?

I asked that myself, too. I came to the conclusion that they will create the complete amount which will distributed on both chains. After complete distribution, they have two options. Either they burn the rest (usually works if you send coins / tokens to genesis block) or allow cross chain transaction. You both chains need to hold the complete amount and burning is no option.

This process is entirely explained in our whitepaper. Only 100 million coins can be accessed at any given time. 100 million on both blockchain. If 40 million are distributed to eth wallets and 60 million to waves. 60 million eMGO tokens are locked in eth smart contracts, and 40 million wMGO are locked on the waves platform.

ok, i get it, but how do you know which way users will set? (WAVES or ETH), you will wait for every user to set they wallets on the ICO daschboard and then create the WAVES token?, or maybe you already created the 60 million tokens on WAVES and you distribute from there, but in case there are more users asking for their tokens on WAVES what would happen?

Reading comprehension??

He just said that 100M has been created on both chains, but they'll only ever have access to a TOTAL of 100M combined. So it could very well be that 69M Tokens goes to Waves and 31M to ETH or vice versa.

Congratulations Jack for your patience.

Remember guys if all is ready Jack will tell us. Let's wait the team realizes the idea MobileGO

Regards

[Zechis966]

i wonder, if the token will be distributed to WAVES and ETH then do devs create the same amount of token in both? so there will twice the amount of tokens?, and then what?, burn the rest which werent distributed?

In case you don't speak English 1st language or are cryptonoob...you gotta at least GLANCE at the whitepaper.

It says I think that basically there will be 200 million total, 100 million for each chain, with only 100 million accessible at any point, on ETH and WAVES...

So it's a smart contract that locks the unused tokens in other words if there are 100 million tokens in each chain and everyone decides they ONLY WANT ETHER chain then all 100 million WAVES MGO will be locked. If someone decides they want the waves chain instead, they send eth MGO to smart contract which will lock it, say 50 mil, in the ETH chain and release 50 mil in the Waves chain

I don't have the paper up on screen but I'm pretty sure thats how they bridge 2 chains, they create the supply on BOTH chains and lock away the portion that is free on the opposite chain

[nathalie20]

Jack - I just saw the DEX waves bug. How do I get a coin if I want to be away from this platform and away from the etherum? is it possible ?


https://bitcointalk.org/index.php?topic=1387944.msg19299626#msg19299626

https://bitcointalk.org/index.php?topic=1387944.msg19299856#msg19299856

[soloasi]

i wonder, if the token will be distributed to WAVES and ETH then do devs create the same amount of token in both? so there will twice the amount of tokens?, and then what?, burn the rest which werent distributed?

In case you don't speak English 1st language or are cryptonoob...you gotta at least GLANCE at the whitepaper.

It says I think that basically there will be 200 million total, 100 million for each chain, with only 100 million accessible at any point, on ETH and WAVES...

So it's a smart contract that locks the unused tokens in other words if there are 100 million tokens in each chain and everyone decides they ONLY WANT ETHER chain then all 100 million WAVES MGO will be locked. If someone decides they want the waves chain instead, they send eth MGO to smart contract which will lock it, say 50 mil, in the ETH chain and release 50 mil in the Waves chain

I don't have the paper up on screen but I'm pretty sure thats how they bridge 2 chains, they create the supply on BOTH chains and lock away the portion that is free on the opposite chain

woooooow., take it easy, - Mr. I borned knowing everything and didnt have a single mistake on my whole life -, a sorry isnt enough as i can see.

i will "glance" the whitepaper again then.

[Zechis966]

i wonder, if the token will be distributed to WAVES and ETH then do devs create the same amount of token in both? so there will twice the amount of tokens?, and then what?, burn the rest which werent distributed?

In case you don't speak English 1st language or are cryptonoob...you gotta at least GLANCE at the whitepaper.

It says I think that basically there will be 200 million total, 100 million for each chain, with only 100 million accessible at any point, on ETH and WAVES...

So it's a smart contract that locks the unused tokens in other words if there are 100 million tokens in each chain and everyone decides they ONLY WANT ETHER chain then all 100 million WAVES MGO will be locked. If someone decides they want the waves chain instead, they send eth MGO to smart contract which will lock it, say 50 mil, in the ETH chain and release 50 mil in the Waves chain

I don't have the paper up on screen but I'm pretty sure thats how they bridge 2 chains, they create the supply on BOTH chains and lock away the portion that is free on the opposite chain

woooooow., take it easy, - Mr. I borned knowing everything and didnt have a single mistake on my whole life -, a sorry isnt enough as i can see.

i will "glance" the whitepaper again then.

you always make mistakes learning these things...I invested in the DAO without knowing much about cryptos...if you're going to put money that could otherwise buy food you gotta at least read into the project, not just what bitcointalk and some bloggers say. This is money man!

[Phroneo]

A silly question but when you say token will be "locked" to ETH or Wave, what does taht mean practically? We can't transfer them to Eth/Wave later?

[Zechis966]

A silly question but when you say token will be "locked" to ETH or Wave, what does taht mean practically? We can't transfer them to Eth/Wave later?

no its like if 60 mil of the 100 want it on ETH chain and 40 mil on WAVES then only 60 mil will be free-flowing on the eth chain, with 40 million locked on that chain, and 40 mil free on Waves chain with 60 mil locked

[Phroneo]

A silly question but when you say token will be "locked" to ETH or Wave, what does taht mean practically? We can't transfer them to Eth/Wave later?

no its like if 60 mil of the 100 want it on ETH chain and 40 mil on WAVES then only 60 mil will be free-flowing on the eth chain, with 40 million locked on that chain, and 40 mil free on Waves chain with 60 mil locked

Haha sorry, I though myself technically savvy but I don't know what that means. So if 40 want it on ether 40 becomes "free-flowing" on there and 60 become "locked"? What do those two terms mean?

[Betterman]

same here.
YAY

Overfounded af anyways.^^

Please do tell me how it is overfunded? How can it even be overfunded? Only in terms of your profit decreasing? I'd say that the success of the project comes first.

Congratulations on the total funds collected. However, I though the token allocation is totally wrong.

please find below the information included in the Frequently Asked Questions

--" 5. What is the price per MobileGo token?

MobileGo's price per token will be determined by the amount invested divided by the total number of coins. So, if we raise 5,000,000 USD you divide that by 70,000,000 MGO to get .071 USD per token. If we raise 10,000,000 USD the price per token would be .1428 USD."

As the team successfully collected 53,069,235 USD, the price of each token should be 0.7581 USD.That is simple calculation.

However, how could they collect 53m USD? It is illegal to do a IPO through Legal tender without the supervision from the SEC in most countries. They actually get the money though cryptocurrency, That means 53m USD equals 9,918 Bitcoin Plus 37037 Ether Plus 6,741,175 Game plus 1,578,629 Wave plus 136,487 Ans, we just do a little bit research into the historical price of these coins and find out that only if the prices of the different coins were based on the last day of the ICO(25 May 2017), could they top up the value to 53m USD. That is to say,The token allocation should be based on the last day evaluation of the coins collected from the investors, rather than time stamped evaluation.

One simple word. we are all funked by the omnipotent development team. They are so greedy and change the calculation deliberately to exploit most of the early investors.

[onetoc]

same here.
YAY

Overfounded af anyways.^^

Please do tell me how it is overfunded? How can it even be overfunded? Only in terms of your profit decreasing? I'd say that the success of the project comes first.

Congratulations on the total funds collected. However, I though the token allocation is totally wrong.

please find below the information included in the Frequently Asked Questions

--" 5. What is the price per MobileGo token?

MobileGo's price per token will be determined by the amount invested divided by the total number of coins. So, if we raise 5,000,000 USD you divide that by 70,000,000 MGO to get .071 USD per token. If we raise 10,000,000 USD the price per token would be .1428 USD."

As the team successfully collected 53,069,235 USD, the price of each token should be 0.7581 USD.That is simple calculation.

However, how could they collect 53m USD? It is illegal to do a IPO through Legal tender without the supervision from the SEC in most countries. They actually get the money though cryptocurrency, That means 53m USD equals 9,918 Bitcoin Plus 37037 Ether Plus 6,741,175 Game plus 1,578,629 Wave plus 136,487 Ans, we just do a little bit research into the historical price of these coins and find out that only if the prices of the different coins were based on the last day of the ICO(25 May 2017), could they top up the value to 53m USD. That is to say,The token allocation should be based on the last day evaluation of the coins collected from the investors, rather than time stamped evaluation.

One simple word. we are all funked by the omnipotent development team. They are so greedy and change the calculation deliberately to exploit most of the early investors.

I must admit, i was a bit disappointing to hear the MobileGo tokens were calculated at the submitted price, not at the end of the ESCROW holding period.

There are a lot of people who would only have a fraction of what they could / should have if they invested early.

Maybe 4 weeks was too long of an ICO?

History has proven that crypto projects can generate $millions in just a few seconds, such as $BAT which raised 45 million in ETH in 45 seconds...................................... Down side is, 7 people own 40% of the supply.

[noa06]

Related to the tokens distribution, will you be able to use a Wave adress from the android app. ? Or you have to use a laptop version of the wallet to get the token like Eth ?

[thepo1m]

I think it is better the team do test distribution just like ICONOMI and Encrytotal team both did, this help solved alot of problem that occur during distribution.