Re: [ANN] MOBILEGO Crowdfund - LARGEST Crypto Crowdsale In History

Hi everybody,

I have a question : when I deposit BTC how is calculated my $ input ? I mean it's calculated at the end of the ICO ?
Let's say I put 1 btc, how is calculated my shares ?

The amount of MGO tokens you get is determined by:

(your_investment_in_USD) / (total_investment_raised_in_USD) * (70,000,000 tokens).

Your investment is converted into USD *at the time of the deposit*... not at the end of the ICO.

As more funds are raised, (total_investment_raised_in_USD) gets bigger, the amount of tokens you get will decrease. A decreasing amount of tokens does not mean you are "missing out" on anything. Rather, it means the value of each token increases.

Ok but how the amount of $ is calculated? Based on what?

I mean, I bought some GMC at a certain price xxx BTC. So, my guess is, the math will be done this way:

At time T (wich we don't know; the next day of the ICO may be?) 1 GMC will have certain value in BTC(average of the day, I guess), the BTC at the same time will also have a value in $ (average of the day too).

So, if I am right, let say that 1 GMC = 0.0012 BTC and 1 BTC = 1800$ therefore the 1 GMC = 1800x0.0012= 2.16$ Seems ok to you?

Now, let say I invested 100 GMC => 216$ and the ICO has reached 25.000.000$ according to your formula I should get:

216 / 25.000.000*70.000.000 = ~0 Huh

There is something wrong with this formula.

It would work better like this 25.000.000/256=97656,25 ==>> 256$ is = to 1/97656.25th then 70.000.000/97656.25= 716.8 MGO Seems more realistic to me but I am speculating here.

Also, this doesnt take the bonuses in count so I should get x% more than the 716.8 MGO.

Could someone of the crew clarified this by explaining how it will be calculated?

Ok, you're confused. 25,000,000/(divided by) 70,000,000 not multiplied by.So that equals about 35 cents per mobilego. 216$/.35 ~ 620 MGO. Discounts aren't calculated into that calculation, only on our portal. Also, discounts are proportional, meaning you get proportionally more than later investors.

See this blog post explaining: https://mobilego.io/mgo-total-calculated/

Also the $ value of all coins is based on the $ value the time you send your coins based on blockchain timestamps. We use Brave New Coins API for this. If you send 100 GAME and GAME is worth 1.05$ we base your investment as 105 dollars using blockchain timestamps. The total amount raised is also based on the time each coin is received by us so investors get the fair amount they should receive.