MobileGo is a dual-blockchain token that will “gamify” the GameCredits Mobile Store which currently has over 300 games from 150 different developers. The MobileGo token will be the first dual-blockchain asset ever issued, as users will be able to transfer it seamlessly between the Ethereum and Waves blockchain. This is achieved by using locked wallets and smart contracts. MGO will be used to implement decentralized features on the GameCredits Moblie platform through Ethereum and Waves.
MobileGo held its ICO on April 25, 2017. The ICO token supply represents 70% of the total token supply, so there was a total of 70,000,000 tokens available at the offering. The ICO raised a total of $53 million. The ICO ended on May 24, 2017.
Token Reserve Split (30%):
30% retained by the MobileGo Foundation for crowdsale marketing, mobile platform partnerships, employee expansion and future development over the next 5 years. These tokens will be held in a multi-signature wallet.
From the 30,000,000 tokens reserve, a minimum of 50% is going towards direct marketing for gamer installs. 20% for development of decentralized virtual marketplace, decentralized gamer vs. gamer match wagering, and decentralized tournament environment. Up to 30% retained for legal, payment processing float, future development related to gamification of the mobile gaming platform and expansion related to marketing.
MobileGo ICO campaign featured the following bonus structure.