Although I love trading cryptocurrencies as much as anyone, I’m far more interested in analyzing the impact that blockchain technology can have on the business landscape. After all, blockchain’s potential was the main catalyst behind the surge in trading volume last year. While many industries will be forever changed through blockchain applications, the gaming industry will be the focus of this article.
The first thing my parents would think of upon hearing the word “gaming” is Nintendo. And while video games do make up a considerable percentage of gaming sales, the industry has grown far beyond that. Several years ago, ESPN aired an episode of E:60 that went inside the world of professional video game competitions. One team, Dota2, was on a quest for a piece of an $18.4 million tournament prize pool. Yes, $18.4 million for people who play games. Since then, the industry has grown beyond anyone’s wildest imagination. And one company, MobileGo, appears to be taking full advantage of that opportunity.
MobileGo’s MGO token is an Ethereum based ERC223 token that was developed to usher in a new era in the world of internet gaming. The company’s main goal is to turn MGO into the world’s leading currency for the more than 2.6 billion gamers that currently exist. It is expected that mass adoption will occur as game developers continue to grow their businesses.
One step in the right direction is the recent announcement that Xsolla began accepting MGO for its PC and mobile games partners. Although developers are creative souls at heart, one of the main motivations to develop groundbreaking games are the royalty payments that come with it. With this move, developers will be able to participate in the future crypto boom by accepting royalty payments in cryptocurrency, MGO.
In an effort to make the end goal of mass adoption more likely, MobileGo has also pursued major exchange listings. Those listings include GateCoin, BitForex, HitBtc, Bitfinex, and DigiFinex. Together with the Xsolla agreement, MobileGo may become a household name in the gaming industry soon enough. It’s evident that all of this news is currently being reflected in the token price.
During a time when the majority of cryptos are in freefall, MGO is bucking the trend. The token is showing significant strength in the face of a general market decline. This is a sign that knowledgeable traders are backing the token in anticipation of future developments. One development that has already taken place is the introduction of GShare.
The company recently developed GShare which is an innovative way for gamers to earn GShare Gold. GShare Gold can be earned by simply running an app. This app will run in the background while users continue to use their computer as they normally would. In addition to running the GShare app, gamers can also earn Gold coins by entering various tournaments that are offered. As the earned coins add up, gamers will be able to use them towards tournament entry fees.
So how do GShare Gold coins connect to MobileGo’s traded currency, MGO? MGO tokens can be earned by winning tournaments which are entered with GShare Gold coins. The good news is that GShare offers an incredible variety of tournaments so, users can identify the games they feel give them the best chance for success. As a gamer’s success grows, so too will their MGO token balance. This balance of MGO tokens can then be used for in-game purchases or traded on one of the many exchanges where MGO is currently listed.
MobileGo is still in the early stages so success shouldn’t be expected overnight. But as the gaming industry continues to grow, and MobileGo continues to make significant technological advancements, the MGO token is likely one that belongs in everyone’s crypto portfolio.
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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Can Libra help the crypto industry to reach new heights?
The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.
What is Libra?
Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.
Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.
The development of…