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.