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Topic: [ANN] MOBILEGO Crowdfund [$53 Million] - Decentralized Mobile Gaming Solutions - page 350. (Read 406984 times)

hero member
Activity: 896
Merit: 553


Because 100 m tokens in total yet only 70m for this crowdsale...so the amount of CURRENT NOT TIMESTAMPED value invested into the crowdfund will only be for 70/100m...i believe that's


So if investors think that one token out of 70m is worth .60+ cents (why else would they invest) then naturally it IS worth that.

After the crowdsale the price of the remaining 30m tokens equals whatever price the crowdfund settled at current value, because that's clearly the value we, the market, have agreed upon otherwise if we didn't we wouldn't have invested for A SHARE OF 70m tokens with a pot of like 42m and growing.


It could be wrong but considering the 30m tokens aren't part of this funding (other than some of the bounty) I don't understand HOW they can be taken into account when determining the price currently.

What the problem here is conflicting info and that info being nonsensical.  if we aren't entitled to invest into the other 30 million coins through the ICO, then why would we count them into the equation of how much money is raised towards the 70 million investors are entitled to donate to?

Jack confirmed on slack, its based on 70M
sr. member
Activity: 350
Merit: 250
http://cointedtoken.com/
I'm such a math amateur (I can't even remember long division) but my logic feels sound regardless if Jack misthought in the beginning of the posts.

If we as investors aren't technically entitled to ANY of the 30million reserved then why would you count it in the 70% we are entitled to through donations? It makes zero sense because every investment would then be going towards 30% they can't touch. Whereas the 70% are available for us and thus the total investment would be logical market value...which is then applied to the 30% that they reserved for themselves because clearly the market (with an availability of 70% total coins) decided the value
member
Activity: 98
Merit: 10
Love the different crews/tech surrounding this project. Ethereum / Game Credits / Incent / Waves ... This will be huge!
sr. member
Activity: 350
Merit: 250
http://cointedtoken.com/


Because 100 m tokens in total yet only 70m for this crowdsale...so the amount of CURRENT NOT TIMESTAMPED value invested into the crowdfund will only be for 70/100m...i believe that's


So if investors think that one token out of 70m is worth .60+ cents (why else would they invest) then naturally it IS worth that.

After the crowdsale the price of the remaining 30m tokens equals whatever price the crowdfund settled at current value, because that's clearly the value we, the market, have agreed upon otherwise if we didn't we wouldn't have invested for A SHARE OF 70m tokens with a pot of like 42m and growing.


It could be wrong but considering the 30m tokens aren't part of this funding (other than some of the bounty) I don't understand HOW they can be taken into account when determining the price currently.

What the problem here is conflicting info and that info being nonsensical.  if we aren't entitled to invest into the other 30 million coins through the ICO, then why would we count them into the equation of how much money is raised towards the 70 million investors are entitled to donate to?
newbie
Activity: 4
Merit: 0
have you guys read the number 5 yet?
what is the problem here ?



Frequently Asked Questions:

(For more FAQs, visit our website: https://mobilego.io/frequently-asked-questions/)

1. Is there a minimum amount needed to be raised?

MobileGo has no minimum. Our mobile game store with hundreds of games will launch regardless of any amount raised. It has been in development for several years and we will continue development regardless of the funds outcome.

2. Is there a maximum amount for the crowdfund?

There is no hard cap set for the MobileGo crowdsale. MobileGo is unique in that it is creating a large marketing fund for the GameCredits Mobile Store which will be released Q2 of 2017. 10% of all profit from the Mobile Store will be used to buyback and burn tokens from investors. The more money raised, the larger the marketing fund which means millions more gamers, which means larger profits and buyback.

3. How long does the MobileGo crowdsale last?

Exactly one month from April 25th to May 25th.

4. Are there any discounts for early investing in MobileGo?

We do have a discount schedule. The schedule is:

1st week: 15% discount on all currencies + 7% discount for investments made with GAME

2nd week: 10% discount on all currencies + 7% discount for investments made with GAME

3rd week: 5% discount on all currencies + 7% discount for investments made with GAME

4th week: Only a 10% discount on investments made with GAME

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 100,000,000 MGO to get .05 USD per token. If we raise 10,000,000 USD the price per token would be .10 USD.

newbie
Activity: 4
Merit: 0

@jack could you explain this please?why when you calculate you always divide by 70m but in your post at page 1 you said divide 100m.thanks




I think you guys have a mistake here right
Thats mean devide by 100m not 70m like you all guys think
Back to page 1 of this topic.post of jack said :


Quote
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 100,000,000 MGO to get .05 USD per token. If we raise 10,000,000 USD the price per token would be .10 USD




@jack could you explain this please?why when you calculate you always divide by 70m but in your post at page 1 you said divide 100m.thanks
legendary
Activity: 1526
Merit: 1012
The biggest and most successful ICO in history congratulation to them team and all investors. I hope this coin will get succeed to take place on Polo on the time of launch because very huge community involve in it and future of this coin is looking very bright.
hero member
Activity: 532
Merit: 500
I think you guys have a mistake here right
Thats mean devide by 100m not 70m like you all guys think
Back to page 1 of this topic.post of jack said :


Quote
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 100,000,000 MGO to get .05 USD per token. If we raise 10,000,000 USD the price per token would be .10 USD







I've wondered about this too. But more recently Jack has been using the 70 million figure as the reference point for determining value. So I'm inclined to think it's correct. If it's not, I'm sure Jack will weigh in and explain.
sr. member
Activity: 343
Merit: 250
I was wondering is it very late now to invest in this project? I was thinking to invest tomorrow but need to get hold of some funds first, they are stuck in the blockchain or is it too late now?
You have 21 hours to make your decision. Crowdsell is still open and there is 10% discount available if your invest through GAME. Already raised $41 million and plenty of time left to reach $50 million,just waoo
newbie
Activity: 4
Merit: 0
I think you guys have a mistake here right
Thats mean devide by 100m not 70m like you all guys think
Back to page 1 of this topic.post of jack said :


Quote
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 100,000,000 MGO to get .05 USD per token. If we raise 10,000,000 USD the price per token would be .10 USD
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
I was wondering is it very late now to invest in this project? I was thinking to invest tomorrow but need to get hold of some funds first, they are stuck in the blockchain or is it too late now?
hero member
Activity: 896
Merit: 553
Hi Jack,

I just did a quick calculation. I deposited to get the 22% discount. With my calculation I am only getting 15%. is the difference coming from the bitcoin price increase?

thanks

April 25th purchase
BTC price   $1,258                    A   
Game credits price   $0.00075   B   
Amount of GAME tokens   5005   C   
Total Game in $   $4,722.22            A x B x C   D
            
current MGO tokens   23686   A   
current MGO price   $0.23            B   
Total MGO in $   $5,447.78             A x B   E
            
   15.36%   E / D - 1   


Yes, exactly. And also keep in mind that all the investors who invested in the crowdsale before the end of the first deadline we also getting the same weighted discount as you, so it was a wash.

Thanks for responding. Great ICO. Huge potential

Updated i have 14032 tokens now at $0.59 = $8,278.88. Wow thank you for all the late investors. Keep going people. In dollars i'm up so that's great. We didn't lose out with the Bitcoin price

75% gain
newbie
Activity: 40
Merit: 0
how much price for 1 token in BTC?

Well, I think 0.4 USD


.56 or so actually.

Total Crowdfund  (even though it fluctuatess) / 70,000,000 so last I checked it was like around 38 ehich 38/70= .54


So even if you go down by 2000 tokens, the price isn't just going up relative to tokens "lost" it's going up relative to funding gained. What I'm trying to get through to people is because of how much money is insanely flying into this project, you're ALREADY making gains if you just took advantage of the bonuses! Maybe in the beginning that 5 or 10% didn't seem like anything but as more and more investors flood it begins to start equating to savings of up to 50% on your tokens.....

Thank you big, crazy money investors for seeing the future here. With your large, crazy investments I'll hopefully be a crazy whale next year too 😎😋



Actually as far as I understand the price for investor is better and could not be calculated so easily because the total fundings of the ICO are calculated by the value of coins in real time and only deposits are timestamped. This ICO is successful also partly because the BTC/ETH/GAME have risen so greatly in May.

Did I get that right? @ Jack Kuvake

What do you mean "the price is better for the investor" if you look at current value of crowdfund divide by total tokens you get the current approximate value...

Whether or not you take advantage of the discounts is up to you and therefore relative, but as it stands that person asked what a btc would buy them, and you told them they're currently around .4, which witho it any discount isn't correct, based on the current value.

It doesn't matter what our investments are time stamped at as it pertains to current market value of the tokens. You see no matter how cheaply you managed to cost average by hodling or discounts whatever the amount the ICO has received reflects current value of the till...

So what at 40m value added up would be like 56 cents a coin or something? So if you used game it'd average to 50 cent a token

I believed that total funds collected are not timestamped but rather calculated as their current market valuation which would be far greater than sum of invested money because the cryptomarkets have seen pretty high rise in May. But yeah, you're right in your calculations because as Jack pointed out the total funds are not calculated by the current market value as I assumed before.
sr. member
Activity: 350
Merit: 250
http://cointedtoken.com/
41,531,000÷70,000,000= .59

So if you look at how many btc and eth are still going up relative to game, people clearly aren't taking advantage of the discounts.

So if you did take advantage you're literally watching the value of your tokens in the market increase with every non-discounted investment from new comers.

The market has spoken and taken the coin from a speculative like .26 to a fair market .59 right as it stands currently. Clearly if people are willing to keep throwing capital in at $42m invested/70m tokens then to them the price of 42/70= ~.60 is clearly worth it to the market!

I've put in capital consistently in since week 1 and thus even when I invested in at a value of ~.40 I used discounts and proper hodling that my average was lower than current "intrinsic" value.

You take your known timestamped value invested (as best as you have saved/remember) and divide by tokens...so when you invested say 5k with proper discounting say you've got 12k tokens currently, that would avg out to you having paid .42c per token, when you take current market value of tokens ~42/70 (can drop the millions) you end up with .60

I'm really bad at math but I know my capital and I couldn't believe how promising this was seeing 18m passed (beat ether) and then 30m passed and 40m passed....

It literally means the easiest gains most of us have ever gotten just by investing through discounts while many others (myself too for a few investments!) didnt bother the hassle.

People who properly invested for max discounts might be looking at a .40 average paid at the end of the ICO while the token might have an already market value of like .65
sr. member
Activity: 350
Merit: 250
http://cointedtoken.com/
how much price for 1 token in BTC?

Well, I think 0.4 USD


.56 or so actually.

Total Crowdfund  (even though it fluctuatess) / 70,000,000 so last I checked it was like around 38 ehich 38/70= .54


So even if you go down by 2000 tokens, the price isn't just going up relative to tokens "lost" it's going up relative to funding gained. What I'm trying to get through to people is because of how much money is insanely flying into this project, you're ALREADY making gains if you just took advantage of the bonuses! Maybe in the beginning that 5 or 10% didn't seem like anything but as more and more investors flood it begins to start equating to savings of up to 50% on your tokens.....

Thank you big, crazy money investors for seeing the future here. With your large, crazy investments I'll hopefully be a crazy whale next year too 😎😋



Actually as far as I understand the price for investor is better and could not be calculated so easily because the total fundings of the ICO are calculated by the value of coins in real time and only deposits are timestamped. This ICO is successful also partly because the BTC/ETH/GAME have risen so greatly in May.

Did I get that right? @ Jack Kuvake

What do you mean "the price is better for the investor" if you look at current value of crowdfund divide by total tokens you get the current approximate value...

Whether or not you take advantage of the discounts is up to you and therefore relative, but as it stands that person asked what a btc would buy them, and you told them they're currently around .4, which witho it any discount isn't correct, based on the current value.

It doesn't matter what our investments are time stamped at as it pertains to current market value of the tokens. You see no matter how cheaply you managed to cost average by hodling or discounts whatever the amount the ICO has received reflects current value of the till...

So what at 40m value added up would be like 56 cents a coin or something? So if you used game it'd average to 50 cent a token
sr. member
Activity: 630
Merit: 252
ANYONE KNOW WHEN MOBILEGO WILL BE OUT ON EXCHANGES ? (POLO  Wink)

?
Sign up for our newsletter and wait. We will let everyone know via newsletter.
newbie
Activity: 24
Merit: 0
ANYONE KNOW WHEN MOBILEGO WILL BE OUT ON EXCHANGES ? (POLO  Wink)

?
legendary
Activity: 1764
Merit: 1000
ICO ending soon... you guys got enough money to make this an outstanding success Smiley
sr. member
Activity: 630
Merit: 252
how much price for 1 token in BTC?

Well, I think 0.4 USD


.56 or so actually.

Total Crowdfund  (even though it fluctuatess) / 70,000,000 so last I checked it was like around 38 ehich 38/70= .54


So even if you go down by 2000 tokens, the price isn't just going up relative to tokens "lost" it's going up relative to funding gained. What I'm trying to get through to people is because of how much money is insanely flying into this project, you're ALREADY making gains if you just took advantage of the bonuses! Maybe in the beginning that 5 or 10% didn't seem like anything but as more and more investors flood it begins to start equating to savings of up to 50% on your tokens.....

Thank you big, crazy money investors for seeing the future here. With your large, crazy investments I'll hopefully be a crazy whale next year too 😎😋



Actually as far as I understand the price for investor is better and could not be calculated so easily because the total fundings of the ICO are calculated by the value of coins in real time and only deposits are timestamped. This ICO is successful also partly because the BTC/ETH/GAME have risen so greatly in May.

Did I get that right? @ Jack Kuvake

Yes it is based on timestamp. So all of the funds we have raised are based on the value of the coins when they were sent to us. The total is also based on when we received funds, not their value now.
newbie
Activity: 40
Merit: 0
how much price for 1 token in BTC?

Well, I think 0.4 USD


.56 or so actually.

Total Crowdfund  (even though it fluctuatess) / 70,000,000 so last I checked it was like around 38 ehich 38/70= .54


So even if you go down by 2000 tokens, the price isn't just going up relative to tokens "lost" it's going up relative to funding gained. What I'm trying to get through to people is because of how much money is insanely flying into this project, you're ALREADY making gains if you just took advantage of the bonuses! Maybe in the beginning that 5 or 10% didn't seem like anything but as more and more investors flood it begins to start equating to savings of up to 50% on your tokens.....

Thank you big, crazy money investors for seeing the future here. With your large, crazy investments I'll hopefully be a crazy whale next year too 😎😋



Actually as far as I understand the price for investor is better and could not be calculated so easily because the total fundings of the ICO are calculated by the value of coins in real time and only deposits are timestamped. This ICO is successful also partly because the BTC/ETH/GAME have risen so greatly in May.

Did I get that right? @ Jack Kuvake
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