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.
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:
- 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.
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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
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Cryptocurrency vs. Blockchain Technology
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…