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MGO Token Could Surge After New Payment API Release

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Although February delivered a brief glimmer of hope to crypto traders after BTC surged above 4,000, the euphoria was short-lived.  It appears as though the bear is here to stay for at least the foreseeable future.  Despite the challenging times, there are projects that continue to deliver in the face of adversity.  One very promising company that I have covered before is MobileGo (MGO).

Introduction to MGO Token

MGO is a smart token that could usher in a new era in the gaming industry.  The token’s purpose is to gamify the eSport platform and incentivize gamers for loyalty and participating through rewards.  The team at MobileGo continues to work on establishing strategic partnerships and alliances (such as with Xsolla), expanding its global reach, and making games available to everyone around the world.

The token has several inherent benefits.  For gamers, it will help facilitate peer-to-peer match play and decentralized tournaments, serving both as a match reward and an entrance fee.  Additionally, MGO token owners will have an opportunity to generate additional discounts good toward purchasing in-game content.

Game publishers and developers will also reap the benefits of the MGO token.  Game publishers have the option to be paid in MGO, which has several major advantages of traditional FIAT, including the speed of processing payment requests.

Team Just Released a New Payment API for Developers

One of the things I like most about MobileGo is its relentless pursuit of greatness.  The team continues to align with strong partners and develop enhancements to their platform.  And that is certainly the case after the release of its first open source and complete API.  This API can be utilized by game publishers in order to both accept and distribute payments in MGO tokens.  It can even be integrated directly into games so that MGO can be used as a direct payment method.  That is an absolutely huge development!  All of the code can be found at MobileGo’s official GitHub account.

This new open-source payment API will provide developers and gamers with more options, improved usability, and cost efficiency when using MGO as a payment method.  MobileGo is currently in discussions with several parties regarding the possibility of using the new payment API on their platforms.

Another interesting aspect is that MobileGo can provide developers with a custom API that can be used to increase the fee behind a transaction.  Developers can use that extra fee to fund a specific cause, such as a charity.  If this feature is utilized, a portion of the total transaction cost will be forwarded to the charity of choice.

Ethereum Network Fees Can Be Paid in MGO Tokens

A potential jackpot for MGO is that Ethereum network fees (GAS) can be paid in MGO tokens thanks to the new open-source payment API.  In order to best illustrate how the math works, an example is probably best.  If a gamer makes an in-game purchase totaling 100 MGO tokens, the fee comes out to be 1 MGO.  In this case, the developer would receive 99 MGO after the 1 token fee is paid.  If the gamer covers the fee, then the gamer would end up spending 101 MGO tokens and the developer would receive 100 tokens.

When comparing that cost to the traditional GAS cost of using Ethereum, it is a huge cost saving.  For one transaction it may not seem like a lot but it certainly adds up over time.  It’s another perfect example of why MGO is likely to gain significant adoption within the gaming community.

Just as a word of caution, it’s important to note that the examples of fees and payments presented here are dependent on the ETH network and do not reflect the current/previous/future situations.  They are used solely to provide a clear explanation of the API mechanism.

Increased Transparency Through Official GitHub

Due to the rapid speed at which MobileGo is developing and growing, the team has released its official GitHub.  This account will be used to increase the transparency of all the company’s projects.  Up to this point, the following projects can be found on the company’s GitHub:

  • Metamask Integration – For users with Metamask accounts and do not wish to add custom contracts, this application will show the MGO balance.
  • Payment API with standard ETH fee.
  • Payment APIs that change the fee from ETH to MGO for simplicity and usability.

As the team at MobileGo continues to develop new projects, users can expect additional developments to also be listed on the company’s GitHub.  A few examples of things to look forward to include:

  • eSports platform (built on top of the smart contract)
  • Integration of the Payment API with the MGO Store (coming soon)
  • Smart contract for decentralized matchmaking in tournaments

The above are just a few examples of what is expected in the near future.

Conclusion

MobileGo continues to be a shining example of what is possible in cryptocurrency.  Although the team is excelling at every turn, users should feel free to contribute any ideas they might have to the GitHub.  And in an effort to incentivize community activity, MobileGo expects to launch a bounty program that will reward contributors in the near future.  There is a famous African proverb “it takes a village to raise a child.”  Well, in this case, it takes a community to build something great and MobileGo is on the verge of doing just that.

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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

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Why Tron (TRX) Price Won’t Remain Low for Long

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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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