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

[savon2k]

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.

Yeah agree - that "usd value" at the moment of deposit seems a total scam! It say's on the ico page that a have x.xxx BTC in escrow ,however they will , have to do reserch to find out accurate BTC time/value for each deposit and it'n not even gonna be near all the bonuses you got if gor on the first day of ICO. I hoped for bitcoin to crash to 800's , only so mobile go will have to pay us around 1.300$ in tokens anyway!
Otherwise litteraly this ICO looks more scammy every day - first problems with ico platform *(that with 50mil gathered , still not fixed) , then this "usd value" bull , now distribution.

I BET there will be problems with exchange listing!

[Drunkducker]

Ok good, i thought somthing was wrong with the numbers. I put up 6 eth they where around 215ish i got 985 mobilego. No matter how you do the math its a rip, 100m or 70m. It looks to me like a programmer done his math wrong in the calculation. .76 x 1xxx is a percentage. 1xxxx ÷ .76 is xxx units at 76 cents. Or i could be really sleep would someone help.

[oaks05]

Ok good, i thought somthing was wrong with the numbers. I put up 6 eth they where around 215ish i got 985 mobilego. No matter how you do the math its a rip, 100m or 70m. It looks to me like a programmer done his math wrong in the calculation. .76 x 1xxx is a percentage. 1xxxx ÷ .76 is xxx units at 76 cents. Or i could be really sleep would someone help.

you guys got to stop complaining seriously its all clearly detailed in the whitepaper u choose to deposit when you did i sent most of mine when game was at 1.10-1.15 dont hear me crying foul, and if you sent late into the ico it was time stamped at that price it was done fairly stop crying foul already.

[Drunkducker]

Ok i seen no indication in the white paper that they where going to average the tokens based on price swing it actually said the opposite. So my time stamp says i put in 1391 and i got 985 tokens. So please explain the math with numbers not words. Like  as in a formula im not concerned with bonuses or price swings. If i put in 100 bucks and moblie go was worth 25% less than a usd i would get 125 mobile go even if the next day my 100 bucks was worth 200. They counted usd and so am i. Can anyone explain the math simply please. Also please post the section of the white paper. Thank you

[Hhampuz]

Ok i seen no indication in the white paper that they where going to average the tokens based on price swing it actually said the opposite. So my time stamp says i put in 1391 and i got 985 tokens. So please explain the math with numbers not words. Like  as in a formula im not concerned with bonuses or price swings. If i put in 100 bucks and moblie go was worth 25% less than a usd i would get 125 mobile go even if the next day my 100 bucks was worth 200. They counted usd and so am i. Can anyone explain the math simply please. Also please post the section of the white paper. Thank you

No tokens have been distributed as of yet, so how can you say that you "got" 985 tokens? Or are you just basing all of this off of the "Estimated tokens" bar on the ICO dashboard? Because that makes no sense if so. Do you know what the word "Estimated" means?

Also, you are doing the math wrong. If 1 MGO = $0.75 then $100 is not 125 MGO.

[Drunkducker]

I like the estimated portion. And please put equation up for the math.

[Hhampuz]

I like the estimated portion. And please put equation up for the math.

Investment / Distributed tokens = Price per token. Your investment / Price per token = Your total amount of tokens.

$53,069,235/70,000,000 = $0.7581 (Price per token). $1391 (Your investment) / $0.7581 = 1834,85 Tokens.

Does that make sense to you? This would be the calculation without any discounts.

[Drunkducker]

Very good thats what i came up with 2 so at least i know "math".

[Hhampuz]

Very good thats what i came up with 2 so at least i know "math".

Excuse my language but what are you bitching about then? Don't care about any "Estimated" stuff dude. Do the math and make sure you receive what you are supposed to. The MGO team did not create the ICO platform, and it saw it's fair share of problems. Just relax and await distribution.

[Drunkducker]

Im waiting. Now the issue is documented and over explained and third party verified.

[Branduardi]

I've bought some of these tokens as well. Let's see how it goes...

[Drunkducker]

And if its a bug i sould get a bug bounty lol. I watch programmers do math wrong all day long.

[TeraBite]

There is little confusion with current calculation as above some people are complaining they got less tokens so that I also feel like that. I think this issue will get fixed very soon before this distribution get started. Mobilego is very big project with huge funds.

[Hhampuz]

And if its a bug i sould get a bug bounty lol. I watch programmers do math wrong all day long.

Who did the math wrong?

On the dashboard it never stated (Your FINAL amount of tokens will be exactly _insert_number_here_) Right? It said "Estimated Tokens" nothing else.

[Drunkducker]

Well there estimated amount of coins for me is wrongly estimated and i dont think thers a guy with a keyboard and a since of humor typing out random numbers. Or at least i hope not.

[Hhampuz]

Well there estimated amount of coins for me is wrongly estimated and i dont think thers a guy with a keyboard and a since of humor typing out random numbers. Or at least i hope not.

So you don't know math and you can't read? Interesting.

[Betterman]

Ok good, i thought somthing was wrong with the numbers. I put up 6 eth they where around 215ish i got 985 mobilego. No matter how you do the math its a rip, 100m or 70m. It looks to me like a programmer done his math wrong in the calculation. .76 x 1xxx is a percentage. 1xxxx ÷ .76 is xxx units at 76 cents. Or i could be really sleep would someone help.

you guys got to stop complaining seriously its all clearly detailed in the whitepaper u choose to deposit when you did i sent most of mine when game was at 1.10-1.15 dont hear me crying foul, and if you sent late into the ico it was time stamped at that price it was done fairly stop crying foul already.

Actually, the allocation method was neither contained in the white paper, nor contained on the ICO web page. If they clarified  the method on the ICO webpage, there would be less complaint about this.

The Storj tokens which adopted the time stamped method did state it clearly on their ICO pages and their coins have a definite USD value. Therefore the investors could use a different pattern to invest, they could invest a portion of their bitcoin at the beginning and invest the remains at the end. However, the mobilego tokens omitted the information which is so important to investors, and it is really unfair to the early investors who thought it would be using a normal method to distribute the tokens.

If it was a real-world IPO, the company would be conceived as a deceiver. Hiding important information from the investors would result in a class action lawsuit.

In this specific case, I suggest that all the early investors should at least argue with the project team, Cause their method is really lack of good reasoning point, both in theory and practice.

[ratatatat]

So all the new ico-trash comes without specs in the ann even?

Maybe i'm too old for this ...

Tell me, where would i want to look if i wanted to know blocktime of this "blockchain"?
Inflation?

Where is all the data that matters?

[Hhampuz]

Ok good, i thought somthing was wrong with the numbers. I put up 6 eth they where around 215ish i got 985 mobilego. No matter how you do the math its a rip, 100m or 70m. It looks to me like a programmer done his math wrong in the calculation. .76 x 1xxx is a percentage. 1xxxx ÷ .76 is xxx units at 76 cents. Or i could be really sleep would someone help.

you guys got to stop complaining seriously its all clearly detailed in the whitepaper u choose to deposit when you did i sent most of mine when game was at 1.10-1.15 dont hear me crying foul, and if you sent late into the ico it was time stamped at that price it was done fairly stop crying foul already.

Actually, the allocation method was neither contained in the white paper, nor contained on the ICO web page. If they clarified  the method on the ICO webpage, there would be less complaint about this.

The Storj tokens which adopted the time stamped method did state it clearly on their ICO pages and their coins have a definite USD value. Therefore the investors could use a different pattern to invest, they could invest a portion of their bitcoin at the beginning and invest the remains at the end. However, the mobilego tokens omitted the information which is so important to investors, and it is really unfair to the early investors who thought it would be using a normal method to distribute the tokens.

If it was a real-world IPO, the company would be conceived as a deceiver. Hiding important information from the investors would result in a class action lawsuit.

In this specific case, I suggest that all the early investors should at least argue with the project team, Cause their method is really lack of good reasoning point, both in theory and practice.

I was here prior to the ICO going live. I invested during the first day of the ICO going live and I invested on the last day before closing.

During all this time I knew exactly what I was getting myself in to. I knew that investments were timestamped. Jack was in here every day telling people just that too. And it was in the whitepaper.

If you are going to invest money, you should take the time to at least glance through the whitepaper. Otherwise you will always be on the receiving end of a beating.

Nobody should argue about this fact with the team, they've made it very clear ever since the start that this was the method that were to be used. I guess that these days where people who basically did nothing but get lucky to be inside of a pump and earn some money think they are entitled to so much.

[stereotype]

Ok good, i thought somthing was wrong with the numbers. I put up 6 eth they where around 215ish i got 985 mobilego. No matter how you do the math its a rip, 100m or 70m. It looks to me like a programmer done his math wrong in the calculation. .76 x 1xxx is a percentage. 1xxxx ÷ .76 is xxx units at 76 cents. Or i could be really sleep would someone help.

you guys got to stop complaining seriously its all clearly detailed in the whitepaper u choose to deposit when you did i sent most of mine when game was at 1.10-1.15 dont hear me crying foul, and if you sent late into the ico it was time stamped at that price it was done fairly stop crying foul already.

Actually, the allocation method was neither contained in the white paper, nor contained on the ICO web page. If they clarified  the method on the ICO webpage, there would be less complaint about this.

The Storj tokens which adopted the time stamped method did state it clearly on their ICO pages and their coins have a definite USD value. Therefore the investors could use a different pattern to invest, they could invest a portion of their bitcoin at the beginning and invest the remains at the end. However, the mobilego tokens omitted the information which is so important to investors, and it is really unfair to the early investors who thought it would be using a normal method to distribute the tokens.

If it was a real-world IPO, the company would be conceived as a deceiver. Hiding important information from the investors would result in a class action lawsuit.

In this specific case, I suggest that all the early investors should at least argue with the project team, Cause their method is really lack of good reasoning point, both in theory and practice.

I was here prior to the ICO going live. I invested during the first day of the ICO going live and I invested on the last day before closing.

During all this time I knew exactly what I was getting myself in to. I knew that investments were timestamped. Jack was in here every day telling people just that too. And it was in the whitepaper.

If you are going to invest money, you should take the time to at least glance through the whitepaper. Otherwise you will always be on the receiving end of a beating.

Nobody should argue about this fact with the team, they've made it very clear ever since the start that this was the method that were to be used. I guess that these days where people who basically did nothing but get lucky to be inside of a pump and earn some money think they are entitled to so much.

So so true.