MobileGo Distribution and Exchange Trading. Newsletter #27
MobileGo Distribution and Exchange Trading Update
MobileGo Distribution Update
On the MobileGo dashboard you can now enter the address you would like to have your MGO sent to.
You have three options. One, you can enter an ETH address to receive MGO as an ETH token. Two, you can enter a Waves address to receive MGO as a Waves asset. Three, you can enter one ETH address and one Waves address and receive 50% MGO as a ETH token and 50% as a Waves asset.
Initially both of these exchanges will be trading the MGO ETH asset token not the Waves MGO token. You may want to keep this in mind when deciding whether you choose ETH or Waves MGO assets.
We are currently in preparations with several other large exchanges and expect to have announcements regarding those listings in the upcoming days.
Our goal is to have have both the MGO Waves and the MGO ETH tokens available for trading on public exchanges. However, it is up to each exchange to decide whether they want to list the MGO Waves token, the MGO ETH token or both.
We cannot provide any guarantees or promises about which token will have more public exchange access. However, given the attraction of ETH tokens currently, we expect the MGO ETH token will have larger access to trading platforms for the foreseeable future.
Please note, the Waves MGO token trading will be available on the Waves decentralized asset exchange found within the Waves lite client.
As stated in the whitepaper, MGO Waves assets and MGO ETH assets have the ability to be swapped 1 to 1. This technology was originally developed by 3rd party developers. Upon further inspection, we feel the current blockswap technology has potential vulnerabilities and potential attack vectors.
Therefore, we are in the process of upgrading this technology to make it more robust. This upgrade may take a month or more. During this time you will not be able to swap MGO Waves and ETH assets.
Please keep this information in mind as you decide which type of asset you want to be initially distributed to you.
In the dashboard you can now put your Waves address to receive your Incent token bonus. This bonus will be issued within the next 7-10 days. You can enter either a Waves wallet address or an Incent exchange address for claiming this bonus. Your Incent bonus will be based on the amount of MGO that you received.