Post
Topic
Board Tokens (Altcoins)
Re: [ANN] MOBILEGO Crowdfund - LARGEST Crypto Crowdsale In History
by
Jack Kuveke
on 25/05/2017, 15:32:17 UTC
@Jack -

According to the ICO Whitepaper, 10% of MobileGo gaming platform profits are to be allocated to buyback and burn of MGO tokens.

What about the other 90% of profits? Do MGO holders have an ownership claim to any of the remaining 90% of MobileGo gaming platform profits, which would directly boost MGO value as a growing asset?  If not, who will own that profit and what is an estimated breakdown on where it will go and what it will be used for?

How will MGO holders receive ongoing information on the number of gamers registered on the platform, how much they have spent there, operational costs and profits, and amounts of MGO burned from the 10% profit set-aside?

Finally, is there an estimated launch date for the MobileGo gaming platform?  Still by June 30 as stated in the Whitepaper?

FYI, some interesting articles that influenced my decision to buy into the MGO ICO...

https://qz.com/469099/the-chinese-mobile-gaming-market-is-already-huge-and-will-only-get-bigger/

https://www.techinasia.com/4-facts-china-mobile-gaming

http://www.proelios.com/report-predictions-for-the-global-games-market-2013-2017/

http://www.whatsonweibo.com/game-time-5-must-knows-chinas-mobile-gaming-market/

https://www.statista.com/statistics/467160/forecast-of-smartphone-users-in-china/

https://newzoo.com/insights/articles/global-games-market-reaches-99-6-billion-2016-mobile-generating-37/

Good question. MGO holders do not have ownership of the remaining 90%, however if possible, greater than 10% of profit can go to buying back MGO tokens. 10% is our minimum. If the store becomes stable and more profitable, we may increase the amount of profit that goes to buy back. But the remaining 90% will go to further development, taxes, operational costs, and remarketing.

As for how you will get information. Our goal is to list daily user signups and amount spent in the store right on our website. Sergey has spoken about this process in a couple videos and in our livestreams. We also will display and keep track of the MGO that has been bought and burned in the same area on our website. When we get closer to launching the store, which we estimate between June and July, we'll be releasing details on where exactly this information will be available for investors.