A reasonable concern should not be treated as a FUD. From my point of view, there is really a big hole in this "time stamped" method. I also pointed out the evidences. But I thought you might not read my replies carefully, which are reasonable from any point of view.

Hope all the 70 million tokens are well distributed to all the investors.But who knows, it is hard for one investors to calculated their own tokens, especially when the "time stamped" method is so complicated.

Do you speak English? The question should be " did you invest"!

OF course, I did invest more than 10 BTC, and that is why I really care about the transparence and trustworthiness of the team.

As for the mess the ICO had brought to us, I would rather have the choice to withdraw my investment.

Did you invest, as a very passive aggressive douchebag!

Obviously, even you did invest, the small amount did not really make any difference!and that is why you are not concerning the fairness of the distribution.

Totally agree with you. Apparently, Hhampuz is an advocate of the team.

The distribution method is definitely bad and untrustworthy, even if they said they had stated it in the white paper.

For a successful IPO, the most important thing are trustworthiness and transparence.

You could use a time-stamped method, however, you should indicate the price at the same time, just like Storj did. The investors could figure out their coin amount easily and no dispute would arise.

Or you could just use a bitcoin or Ether alignment method, and the investors could figure out the coin amount easily.

For the method the Mobilego chose to use, the investors have to rely on the calculation of the development team.

Why should a decentralised project rely on a centralised calculation?

Are the team really trustworthy?

For me, the time stamped method is just a trick they played on us. IF the price of the coins goes up, they will take the profit from the early investors. The problem is , if the price goes down, are they able to compensate the shortfall of the devaluated coins? Of course they will not. The only thing they could do is moving value from investors to them.

That is to way, no matter how the price goes, they would easily make money from the information asymmetry.

This ICO is really a disaster to many investors. I did not know who invented the "time stamped valuation" methods. Maybe Mobilego team invented this bull shit??

It is really unfair to most of the investors. If you sell something to the customers, at least you should gave them some goods when they pay you. That is fair and no matters how the goods are devaluated or appreciated because the title of the goods is transferred at same time.

However, for this bull shit ICO, you did not receive anything when you invested real money into it. For any other similar ICO, they have a fixed ratio to Bitcoin or Ether and you do not worry about the outcome. Even for storj's new ICO who use time-stamped valuation, they gave a real USD price for their token and you could figure out how many coins you would get at day one and it will not decrease despite other's purchase.

I truly worried about the motivation to do ICO like this. The team could make it simple and easy. But they choose the most difficult method.

For any one who works in financial industry, if you counter party deliberately make some product complicated, they are trying to exploit you or play tricks on you.

Hope the team is not a bullshit and could work out some real product. That is the only way the investors will not lose their money.

If you had put real money in this project, you would have find the information from their newsletters easily.

From their official newsletter sent into your mail box, you could find the following facts.

1 BY 4th May, they have collected 10m USD, when the prices of BTC,ETH,WAV and GAME are under 1600 USD, 90 USD,  0.8 USD and 1 USD, respectively.

2 BY 9th May, they have collected 13m USD, when the prices of BTC,ETH,WAV and GAME are under 1800 USD, 100 USD,  1 USD  and 1 USD, respectively.

3 BY 16th May, they have collected 18.5m USD, when the prices of BTC,ETH,WAV and GAME are under 1900 USD, 100 USD,  1.5 USD  and 2.2 USD, respectively.

4 BY 3pm UTC 24th May, they have collected 53m USD, when the prices of BTC,ETH,WAV and GAME are under 2400 USD, 230 USD, 2.9 USD  and 3.6 USD, respectively.

The total amount of BTC is 9,918, the total amount of ETH is 37,037, the total amount of WAV is 1,578,629 and the total amount of GAME is 6,741,175.
 
Considering the low amount of ANS collected, we can deliberately omit it.

From the above information, it is hard for me to trust the valuation of the total coins at close is based on time stamped value.

Actually, I have more than 10 years of financial work experience. Posting more articles does not make you an experienced person. Only one's ideas make sense.It seems you are a reluctant goof and do not have the ability to  consider.

Please stop bluffing us.I will calculate the current value of all the coins they collected and that is far less than your 70m USD declaration.

The current prices of BTC, ETH, WAVE, ANS, GAME are around 2400, 230, 3.6, 1.3, 2.6, respectively.

Coins            Amount Collected        Price (USD)             add-up(USD)
BTC                   9,918                       2,400                    23,803,200
ETH                 37,037                          230                      8,518,510
WAV              1,578,629                        3.6                      5,683,064
ANS                 136,487                        1.3                         177,433
GAME            6,741,175                        2.6                     17,527.055

TOP-UP                                                                          55,709,262

The current value of all the coins is 55.7m USD, comparable to the 53m USD they declared at the close of the funding.

The Fact is so simple, but most of the investors did not take it serious.

The distribution phase should be transparent to all the participants. That is where the investors have confidence in. IF somethings begins like a scam, It can not end up in success.

Are the team capable to provide a sheet like I just did? It will prove itself in that way.

In this case, we need a breakdown of the total value. It seems unlikely to add up all the coins to 53m USD if not using the last day price. As you know, the price of bitcoin and ether at the beginning of the ICO is as 50% as that at the close. not to mention that games is only 30%. If I am not wrong, I remember that they have already collect 12m USD before the huge rise of all the coins. That is to say at least one half of their coins are collected at the 30%-50% of the close price. It is hard for me to believe that the value of the other half of the coins equals 41m USD, even based on the last day price.  It is really a simple math problem but you never look into it.

Meanwhile, I can not believe they already got the time stamped valuation because ,as they said, the distribution was under an audit , which was in order to get the time stamped number correct.

can you answer me a simple question? How did the team calculate the total value of all the coins they collected? On a time stamped basis or on the last day price basis? It is really make huge difference. Cause if they calculate the value on the last day price basis, but distribute the tokens on a time stamped basis, they would exaggerate the Denominator and shrink the Numerator, therefore a mismatch should occur.

I do not know you are an advocate of the development team. Could you please send us a link to the white paper? I really can not find what you said in the white paper, and lost of ppl had already invested a lot of coins before the team made it clear.

In this case, if the total ICO value is based on the last day price of the crypto coins they collected, and the distribution is based on the time stamped value, the total amount of the tokens distributed to all the investors would far below 70m. That is to say, the development team will steal the difference from the early investors, even through they have already get 30m for free.

Actually, the allocation method was neither contained in the white paper, nor contained on the ICO web page. If they clarified  the method on the ICO webpage, there would be less complaint about this.

The Storj tokens which adopted the time stamped method did state it clearly on their ICO pages and their coins have a definite USD value. Therefore the investors could use a different pattern to invest, they could invest a portion of their bitcoin at the beginning and invest the remains at the end. However, the mobilego tokens omitted the information which is so important to investors, and it is really unfair to the early investors who thought it would be using a normal method to distribute the tokens.

If it was a real-world IPO, the company would be conceived as a deceiver. Hiding important information from the investors would result in a class action lawsuit.

In this specific case, I suggest that all the early investors should at least argue with the project team, Cause their method is really lack of good reasoning point, both in theory and practice.

Congratulations on the total funds collected. However, I though the token allocation is totally wrong.

please find below the information included in the Frequently Asked Questions

--" 5. What is the price per MobileGo token?

MobileGo's price per token will be determined by the amount invested divided by the total number of coins. So, if we raise 5,000,000 USD you divide that by 70,000,000 MGO to get .071 USD per token. If we raise 10,000,000 USD the price per token would be .1428 USD."

As the team successfully collected 53,069,235 USD, the price of each token should be 0.7581 USD.That is simple calculation.

However, how could they collect 53m USD? It is illegal to do a IPO through Legal tender without the supervision from the SEC in most countries. They actually get the money though cryptocurrency, That means 53m USD equals 9,918 Bitcoin Plus 37037 Ether Plus 6,741,175 Game plus 1,578,629 Wave plus 136,487 Ans, we just do a little bit research into the historical price of these coins and find out that only if the prices of the different coins were based on the last day of the ICO(25 May 2017), could they top up the value to 53m USD. That is to say,The token allocation should be based on the last day evaluation of the coins collected from the investors, rather than time stamped evaluation.

One simple word. we are all funked by the omnipotent development team. They are so greedy and change the calculation deliberately to exploit most of the early investors.