MobileGo (MGO) is an ERC20 compliant token. It is designed to incentivize the participation, loyalty, and involvement in the Gamecredits ecosystem. In this article, we will give you a detailed MobileGo Review (MGO coin).
Gamecredits is a mobile gaming store. And its default cryptocurrency is GAME, also often called as Gamecredits in reference.
MobileGo helps to implement Ethereum smart contracts in the Gamecredits platform. And it also enables the Gamecredits platform to develop decentralized gaming contests as well as one-on-one peer to peer match play.
First, a Gamer’s social status will be assessed based on games played, referrals, and other interactions on the platform. Once the Gamer attains certain levels of social status, he will be rewarded with MGO coin.
Moreover, as soon as the Gamer acquires a specific amount of MGO coin, he will be eligible for coupon discounts for purchases made with Game credits (GAME), will be given free entry to VIP tournaments, and will be invited to test games that are in private beta. Plus, the MGO coin holders can host decentralized tournaments. The players control such tournaments and will have witnesses to check the authenticity and governance.
MGO Coin ICO
The MGO initial coin offering (ICO) was held between 25 Apr to 25 May. And a whopping 106 million USD was received. The MGO price during the token sale was 0.76 USD.
And, at the time of writing, the MGO price is 0.6075 USD, according to CoinMarketCap.
In regards to growth potential, it seems not worth to have participated in the MGO token sale. However, the MGO coin addresses the needs of the Gamers well; since the Gamecredits platform already features about 300 games. And it is expected to include more 1000 games in the near future.
Apart from that, the MobileGo tokens will be burned by conducting buyback programs using a portion of the profits made. This, in turn, may increase the value of MGO coin in the long-term as the circulating supply is just 100 million coins.
Disclaimer: This article is for information purposes only and should not be considered as investment advice.