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Revolutionary GShare App Will Lead To Global Adoption Of MobileGo (MGO) Tokens

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Although many crypto traders have suffered tremendous losses in 2018, there are still reasons to be optimistic about the future.  There have been many readers suggesting that we are in the midst of an altcoin apocalypse.  It’s very possible that many coins won’t survive this downturn.  Traders should be spending a lot of their time researching to identify the most promising projects for 2019 and beyond.  One token that appears to be gaining steam is MobileGo (MGO).  The development of the GShare application will be the primary driver for global adoption of the MGO token.

GShare Application

MobileGo’s team recently developed GShare; an application capable of increasing MGO token adoption. GShare allows users to earn virtual currency by renting a computer’s power.  So, in a way, using GShare is fairly similar to cryptocurrency mining.  Within the platform, users will be able to control computer resource utilization.  While the application is still in public beta testing, users will only be able to earn virtual coins for purchases within Xsolla products.  But, in the future, the GShare team expects significantly more redemption opportunities.

The app is focused on attracting gamers so that they can obtain free items.  Once gamers earn the virtual currency, it can be exchanged for different items such as tournament entrance fees, games, in-game purchases, and much more.

GShare Gold is the name of the virtual currency that can be earned by gamers.  This virtual currency can be used as a participation fee on GShare’s competitive platform.  After winning a tournament, gamers can then opt to receive their prizes in GShare Gold or MGO tokens.  This will certainly be a prime opportunity for mainstream adoption of the MGO token.

Advantages of GShare

The GShare application has several advantages which will certainly go a long way toward increasing adoption of MGO tokens.  Those advantages include:

  • Simplicity
  • Virtual Currency Offers Many Redemption Opportunities

The team was very cognizant of the fact that simplicity would be a big factor in attracting many users.  Both the earning application and the competitive platform will use the same username and password.  In an age when consumers are inundated with random usernames and passwords for all their different devices and websites, being able to access both the app and the platform from a single user profile will prove extremely beneficial.

In addition to the simplicity being offered, the many different uses for the virtual currency will prove attractive.

Lack of Competition

There are other platforms that exist in the market which allow users to earn virtual currencies and buy items such as games and computer equipment.  The problem is the great difficulty and time commitment necessary to earn products as simple as a computer mouse.  The earning rate is so little on some platforms that gamers could spend up to 12 months trying to earn enough currency to purchase a little item such as a computer mouse or printer.  It simply doesn’t make sense to spend that much effort to come away with such an inconsequential product.

GShare will transform this industry and likely cause many dissatisfied gamers from other platforms to come join one of the fastest growing gaming platforms in the world.

Growth of the Gaming Industry

There are instances when projects have the right vision but are simply too early or too late to really take advantage of it.  Fortunately, in the case of MobileGo and GShare, their timing is just right.  Newzoo, a well-known market researcher, is estimating the global gaming market to grow from $137.9 billion in 2018 to over $180.1 billion by the year 2021.

That type of growth will lead to more gamers entering the market.  And as GShare continues to develop and enhance their application, new users will likely be joining in droves.  The famous line from Field of Dreams sums up the situation well: “If you build it, they will come.”  Yes, gamers will definitely come.

Conclusion

GShare continues to make inroads in an industry that is in need of change.  The built-in advantages of the platform, the Xsolla partnership, and the industry’s predicted growth all lead to an avalanche of positive developments.  As global recognition of MobileGo and GShare increases, MGO tokens have the potential to be synonymous with gaming.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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