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Topic: [ANN] MOBILEGO Crowdfund [$53 Million] - Decentralized Mobile Gaming Solutions - page 425. (Read 406984 times)

full member
Activity: 232
Merit: 100
Rubic stays cubic
Maybe I will invest some into MobileGo after all. I hope that the ecosystem does not take too long to kick in.
legendary
Activity: 3038
Merit: 6194
Meh.
Solid stuff Jack!

As you know I've been supporting GAME for a while now and I got super excited when you announced this (hence why this is the campaign I chose to support). As per usual you respond to all questions and worries with absolute confidence which only makes you and the rest of the team more credible each day that passes by.

Keep going strong, I have a good feeling about this possibly exploding later this year/early next year. Very glad to take this journey with one of the most competent dev teams in all of crypto!

-Hhampuz
sr. member
Activity: 630
Merit: 252
Are GameCredits and MobileGo the only two currencies allowed in the Game Store?

I see Waves is partnering with MobileGo, does that mean that other currencies may be allowed?

If not what would Waves bring to the platform?
GAME and MobileGo are the only currencies in the store. They are both designed and tailored directly to fit the needs of the gaming world. Our payment processing system for gamecredits can handle up to 70,000 transactions a second, allowing it to scale with the needs of the entire gaming industry.
sr. member
Activity: 545
Merit: 254


So 10% of all PROFIT from the gamecredits mobile store goes to buying back and burning MobileGo ?

When will the store make profit ?

How do WE know, that the store made profit and you bought back MobileGo ?

It depend on raised money how much funds they have for developers I think the whole procedure will be transparent. This project has trusted dev team they already a lot of money to develop this system.

But it's not a percentage of the raised capitel!  They're only gonna invest 10 % of the PROFIT.  That's a big difference.

and this is exactly the problem of current ICO. if you want intelligent investors to join you, you need to highlight how profit is made and how you gonna make them money.

otherwise you just get some degenerated daytraders, in my opinion.
The problem is you haven't read the whitepaper. How the store makes profit is clearly described.

The Mobile Store makes profit on 10% of all in-game sales and game sales. That means every time someone buys an in-game item from a developer or purchases a developers game we get 10%. We make profit the exact same way google play and apple do, which is literally over 50 billion dollars in revenue a year. Our profit model is not complicated, and it is stated in our whitepaper.
Great numbers Jack. If MobileGo can take only 1% of that it will be awesome.
sr. member
Activity: 436
Merit: 250
Quick question for the development team....

Are there any plans to include the "Permissions Required" by games on the "More Information" pages on the website ?

As a user who often downloads new games for the kids, I'm amazed how many apps/games require permissions which they should not need.
Would be great to identify, and even filter out, those apps before download.

Along the lines of this, but included in the details of each game page...
http://www.pewinternet.org/interactives/apps-permissions/
sr. member
Activity: 630
Merit: 252


So 10% of all PROFIT from the gamecredits mobile store goes to buying back and burning MobileGo ?

When will the store make profit ?

How do WE know, that the store made profit and you bought back MobileGo ?

It depend on raised money how much funds they have for developers I think the whole procedure will be transparent. This project has trusted dev team they already a lot of money to develop this system.

But it's not a percentage of the raised capitel!  They're only gonna invest 10 % of the PROFIT.  That's a big difference.

and this is exactly the problem of current ICO. if you want intelligent investors to join you, you need to highlight how profit is made and how you gonna make them money.

otherwise you just get some degenerated daytraders, in my opinion.
The problem is you haven't read the whitepaper. How the store makes profit is clearly described.

The Mobile Store makes profit on 10% of all in-game sales and game sales. That means every time someone buys an in-game item from a developer or purchases a developers game we get 10%. We make profit the exact same way google play and apple do, which is literally over 50 billion dollars in revenue a year. Our profit model is not complicated, and it is stated in our whitepaper.
newbie
Activity: 6
Merit: 0
When will be determined price of invested BTC, WAWE, ETH and GAME in USD? On moment when you receive transactions or when ICO end?
sr. member
Activity: 322
Merit: 250
The ICO time is coming,maybe we can buy some game coin Grin
sr. member
Activity: 437
Merit: 250
sooo, we dont know yet what will be the first price ICO for each token ?

This ICO dont have fixed price. How much money will be collected from this will depend price of this coins.
sr. member
Activity: 477
Merit: 250
sooo, we dont know yet what will be the first price ICO for each token ?
legendary
Activity: 927
Merit: 1000
Am I assuming correctly that if gamecredits are used to buy in the first week there is a 22% discount?
legendary
Activity: 1188
Merit: 1001
mobile go almost started , my Game are waiting (some of them not all)
legendary
Activity: 1764
Merit: 1000


So 10% of all PROFIT from the gamecredits mobile store goes to buying back and burning MobileGo ?

When will the store make profit ?

How do WE know, that the store made profit and you bought back MobileGo ?

It depend on raised money how much funds they have for developers I think the whole procedure will be transparent. This project has trusted dev team they already a lot of money to develop this system.

But it's not a percentage of the raised capitel!  They're only gonna invest 10 % of the PROFIT.  That's a big difference.

and this is exactly the problem of current ICO. if you want intelligent investors to join you, you need to highlight how profit is made and how you gonna make them money.

otherwise you just get some degenerated daytraders, in my opinion.
sr. member
Activity: 336
Merit: 250
GET IN - Smart Ticket Protocol - Live in market!


So 10% of all PROFIT from the gamecredits mobile store goes to buying back and burning MobileGo ?

When will the store make profit ?

How do WE know, that the store made profit and you bought back MobileGo ?

It depend on raised money how much funds they have for developers I think the whole procedure will be transparent. This project has trusted dev team they already a lot of money to develop this system.

But it's not a percentage of the raised capitel!  They're only gonna invest 10 % of the PROFIT.  That's a big difference.
legendary
Activity: 3178
Merit: 1054
its about to start Smiley i know they don't have minimum but if they can collect about 5M its definitely worth investing.  gamecredits already is making it up, mobilego will also make it.  don't have twitter and facebook bounties?
sr. member
Activity: 441
Merit: 250


So 10% of all PROFIT from the gamecredits mobile store goes to buying back and burning MobileGo ?

When will the store make profit ?

How do WE know, that the store made profit and you bought back MobileGo ?

It depend on raised money how much funds they have for developers I think the whole procedure will be transparent. This project has trusted dev team they already a lot of money to develop this system.

I think that at least $ 10 million will be collected, otherwise I will be surprised.
full member
Activity: 232
Merit: 100
Rubic stays cubic
and how does the token get its value? is there profit sharing? share buyback? or just trade value?
Buyback and burn. And as the coin becomes adopted by more and more gamers demand will increase.

perhaps I missed it, but where is this mentioned?

It looks like value will increase after 2 rounds e,g, 6 months.

The decision I am sitting with is whether to buy now and wait for 6 months, or buy in the market from people not willing to wait for 6 months.
legendary
Activity: 1750
Merit: 1004


So 10% of all PROFIT from the gamecredits mobile store goes to buying back and burning MobileGo ?

When will the store make profit ?

How do WE know, that the store made profit and you bought back MobileGo ?

It depend on raised money how much funds they have for developers I think the whole procedure will be transparent. This project has trusted dev team they already a lot of money to develop this system.
sr. member
Activity: 336
Merit: 250
GET IN - Smart Ticket Protocol - Live in market!
I understand the idea that MobileGo is aiming to bring gamers by offering new features to GameCredits store. However I would like to ask how investing in this ICO will bring the profit to investors? Namely GameCredits will be the only currency accepted to buy games and pay for the ingame content that's indicates the price of GC to go up if the project succed. But What will make the MobileGo price to go up?Running Smart contracts they support? If running smart contracts will be expensive that will not attract gamers, so MobileGo supposed to stay cheap.

I am thinking of buying some, but reading this post it looks like mobilego is used to get money to boost gamecredits? Is the goal to boost gamecredits? How long in future does it take for demand to grow in mobilego? It looks like a long time and that gamecredits is actually the coin to buy into.
Well this isn't true.

MobileGo is used for three main smart contract based gaming technologies. A peer to peer virtual item marketplace, player run wager tournaments, and player to player wager matchplay. These are billion dollar industries in the PC gaming world, but no solution for the mobile industry exists.

However, MobileGo demand will increase quite quickly. 10% of all profit from the gamecredits mobile store goes to buying back and burning MobileGo. The decreasing supply and added demand when the gaming technologies launch will certainly effect its price quicker than you think. The more money raised, the more gamers to the store through intense marketing, more gamers means more revenue which is then used to buy and destroy mobilego from investors.

Please watch this short video for an understanding of how MobileGo and GAME exist symbiotically: https://www.youtube.com/watch?v=a_saWJKtOS8&t


So 10% of all PROFIT from the gamecredits mobile store goes to buying back and burning MobileGo ?

When will the store make profit ?

How do WE know, that the store made profit and you bought back MobileGo ?
legendary
Activity: 1526
Merit: 1003
That is mentioned at the very first page of the topic where in section of Q&A is said that 10% of the amount of total raised funds will be used constantly to buy back from the investors and that will be burnt periodically. Having no minimum threshold will make it attract for investors as tokens will be on the go. That is nice part of this to make it valuable.
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