What is MobileGo?
MobileGo is a mobile gaming platform that has cryptocurrency at its core. The crypto mobile gaming store also enable in-app store purchases. It is a dual blockchain cryptocurrency that uses Waves and Ethereum. The dual blockchain functionality enables users to transfer tokens between the Ethereum and Waves blockchains via BlockSwap technology. MobileGo tokens are used to gamify GameCredits mobile gaming store. Gamers with MobileGo tokens win rewards such as discounts and free sponsored tournament entries. They can even engage in peer-to-peer match play and organize decentralized gaming tournaments. The platform aims to combine mobile game popularity along with the benefits of cryptocurrency. GameCredit’s Mobile Store has more than 300 games by 150 different developers.
History of MobileGo
GamesCredit announced peer-to-peer smart token MobileGo in February 2017 following which it was launched later in the year. MobileGo was launched in order to expand and compliment GamesCredit Mobile Store market potential.
Features of MobileGo
The MobileGO token will be used to provide many important features to Gamecredits Store based on smart contracts. MobileGo token holders get incentives such as:
- Reward discounts to purchase in-game content from GameCredits
- Free entrance into VIP gaming tournaments with real cash prizes
- Access to new games released in the game store via private beta
The market capitalisation of MobilGo as of April 2018 was $39,558,867. The price of 1 MobileGo coin at the time of writing this article was $0.403543.
Where to buy MobileGo?
A total of 100 million MobileGo tokens are available out of which 70 million were released via crowdsale. The remaining 30 million were retained by the MobileGo Foundation. MobileGo currency is listed on several exchanges like Qryptos, Liqui, HitBTC, Tidex, Gatecoin, QBTC and others.
It is not possible to mine MobileGo coins.
Risks involved with investing in MobileGo
It must be noted that cryptocurrencies are digital and are prone to hacking. The crypto market is highly volatile and involves several risks. It is not possible to predict and determine the rise and fall of MobileGo currency. Hence, it is advised to invest in mutual funds instead as it is a more safer option.
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