I understand the idea that MobileGo is aiming to bring gamers by offering new features to GameCredits store. However I would like to ask how investing in this ICO will bring the profit to investors? Namely GameCredits will be the only currency accepted to buy games and pay for the ingame content that's indicates the price of GC to go up if the project succed. But What will make the MobileGo price to go up?Running Smart contracts they support? If running smart contracts will be expensive that will not attract gamers, so MobileGo supposed to stay cheap.
I am thinking of buying some, but reading this post it looks like mobilego is used to get money to boost gamecredits? Is the goal to boost gamecredits? How long in future does it take for demand to grow in mobilego? It looks like a long time and that gamecredits is actually the coin to buy into.
Well this isn't true.
MobileGo is used for three main smart contract based gaming technologies. A peer to peer virtual item marketplace, player run wager tournaments, and player to player wager matchplay. These are billion dollar industries in the PC gaming world, but no solution for the mobile industry exists.
However, MobileGo demand will increase quite quickly. 10% of all profit from the gamecredits mobile store goes to buying back and burning MobileGo. The decreasing supply and added demand when the gaming technologies launch will certainly effect its price quicker than you think. The more money raised, the more gamers to the store through intense marketing, more gamers means more revenue which is then used to buy and destroy mobilego from investors.
Please watch this short video for an understanding of how MobileGo and GAME exist symbiotically:
https://www.youtube.com/watch?v=a_saWJKtOS8&tSo 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 ?
