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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

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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