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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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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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