What is MOG?
Massive Online Gambling (MOG) B.V., hereafter referred to as MOG, is fully licensed and regulated to offer gambling by the laws of Curacao under the Curacao Gaming Authority license number 1668/JAZ. The company obtained its license in November 2016 and launched its first game December 2016 under the brand Explosive Gambling.
The vision of MOG is to transform the online gambling industry by introducing a totally new gambling concept. We want to offer 100% transparent and fair gambling based on Blockchain. Due to transparency, the payouts will be higher than on any other platform. The ‘house’ takes a fixed fee per game; we also charge a fee for marketing, the rest stay in the prize pool and will be paid back to the players for each round played. There is also always a winner in our games.
Our concept is built around the ‘power of many’. The more people who play the better and more rewarding our games become. But contrary to most other games, our games don’t necessarily become any harder to win as the number of players grows bigger. Traditional lotteries are a good example, the more tickets sold, the worse the odds become. But this is not the case with our lottery, Lotto Poker, where the odds are a maximum of 1:100 000, no matter how many players participate.
Token Sale Details
With a vision to create a fair and transparent gambling business, where the player’s interest
comes first, it was a natural step to add blockchain and to use token issuance as a fundraising tool to enable MOG to change the online gambling world.
20 million tokens to be issued, 15 million available for the campaign.
Tokens will be built on the Ethereum platform, ERC20 compliant.
Tokens will generate rewards to holders based on company’s revenue - 10% of company’s revenue will be paid to token holders quarterly, from January 2019.
The revenue from entire 2018 will be distributed in January 2019.
Token holders will be awarded tickets in MOG Jackpot draws.
Our token sale will be held according to the following schedule:
Start date - January 19th, 2018
End date - March 31st, 2018 (earlier if all tokens have been sold)
Start od development phase - March 2018.
Minimum funding goal for ICO (Soft cap) - none, we are a fully-operational company
Maximum funding goal for ICO (Hard cap) - 7,5 million Euro
Initial price per MOG coin - 0.5 Euro
Token will be listed for public trading on exchanges, middle of 2018.
Token Allocation
When it comes to token allocation, the following applies:
- 20 million tokens will be created.
- 15 million tokens will be offered for sale.
- 3 million tokens will act as prize pool guarantees. Locked for 24 months
- 2 million tokens will be held in reserve for future unknown costs. Locked for 12 months.
Out of 15 million tokens sold, funds will be allocated according to the following schedule:
- 40% jackpots for the first 2 years
- 35% development
- 15% campaign costs, bounties and bonuses
- 10% online marketing over the next 24 months
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Token Distribution
Tokens will be distributed in two ways. Tokens purchased with FIAT will be issued after the crowd sale has ended, and tokens purchased with Ether will be issued instantly (beginning March 1st, as we have a few deadlines to clear out in regards to the ongoing gambling development before we can launch this update). As soon as the data is verified tokens will be allocated. Since token holders already have registered to take part in the ICO we expect the allocation process to be fairly quick.
Our goal is to get our token listed on the popular exchanges by the middle of 2018, to enable token holders to trade the MOG tokens. We expect the tokens to have a significant upside, but it is important to keep in mind that our projects have a long-term plan, and that the token price is set by the holders and not by MOG.
Profit share will be paid quarterly to token holders. The date of the payout will be communicated. In order to receive the payout, the tokens will have to be returned to the MOG wallet, or any other wallet which supports the payout.
First payout will take place January 2019 where all four quarters of 2018 are paid together.Thereafter MOG will distribute the profit share on a quarterly basis.
The roadmap
The team
Questions?
If you have any questions, feel free to contact us in our Telegram Chat - https://t.me/joinchat/FvzOGQ_dg3B_Hp_Nlfsyrg or by email at - marketing@mogbv.com
Thank you for reading, and we are here to answer any questions you may have! Looking forward to hearing from you!
