I do not defend MGO / but, let's face it. In September / October 2018, everyone who took MGO on sale, had a chance to exit without a loss to FIAT. Yes, from 2017 the opportunity to get Bitcoin forks was missed, a ride on the rise in ETH prices, and so forth. But who prevented all MGO buyers from fixing a part of their investments in June 2017? The price went up to $ 2.55 / No need to blame the team for not fulfilling promises. They owe nothing to themselves except themselves. They set a goal and fulfilled it. The fact that you and I believed them was our problem. But, I repeat, MGO gave at least three chances to get out - on 2017, in January 2018 and in October 2018.
I support every word.
I agreed with you about MGO token price. Anyone could have made some profit with it like you said but that is not the scam. The scam is what they've done.
They create a token (MGO) based on a whitepaper (cost is almost zero) and they sold most of them for FIAT, BTC, GAME and WAVES , they raised $53 million and then they didn't do anything that promised.
They funded different projects, they donate money (laundering money?),they stopped GAME development (GAME blockchain was attacked and half millions coins were stollen because of this), they didn't pay to some of their employees and the list continues...
Then they changed the whitepaper
https://ipv.nl/uploads/brochures/MobileGo-Whitepaper.pdf, You can see the changes here
https://www.cryptoground.com/mobilego-white-paper adding a special company in Singapore to it, among another changes.
This fund is primary owned by the MobileGo Foundation to be furtherly transferred to a special company incorporated in Singapore as a separate entity and solely independent ownership structure.
And then they transferred all the money to Singapore.Ran away with all
They changed this part as well:
6. Obligation to Determine If Purchaser Can Purchase MGO in Purchaser’s Jurisdiction
The initial sale constitutes the sale of a legal software product under European law. This product sale is conducted
by MobileGo Foundation, a company operating under European law. It is the responsibility of each potential
Purchaser of MGO to determine if the Purchaser can legally purchase MGO in the Purchaser’s jurisdiction.
To:
6. Obligation to Determine If PurchaserCan Purchase MGO in Purchaser’s Jurisdiction
The initial sale constitutes the offer and sale of a software product under law of Singapore.This product sale is conducted primary by MobileGo Foundation, to be furtherly transferred to a special company operating under lawof Singapore. It is the responsibility of each potential Purchaser of MGO to determine if the Purchaser can legally purchase MGO in the Purchaser’s jurisdiction.
To avoid European laws.
There are more facts that make this MGO a scam if you need more evidences to see it clear