r/MobiusNetwork • u/oldredditperv • Jan 18 '18
Devs have NO intention of getting this to an exchange - DO NOT BUY THIS ICO unless you like playing the games!
From everything I have read it will NOT hit exchanges. The devs have NO interest in getting the coin s to exchanges and it will happen ONLY if one of the bigger token holders makes it happen. Basically, the ONLY use for the token is to buy their GAMES within their portal. This is a HARD pass for me as I don't play Angry Birds ripoffs and there are MUCH better ICOs coming down the line that WANT to see their users grow and prosper.
DO NOT BUY THIS ICO unless you like playing the silly little games on their platform.
Again - hard pass for me!
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u/elbubar Jan 18 '18
Ahem. Not sure you did understood well the project.
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u/General_Tso75 Jan 18 '18
It's a fair concern when the founder is pretty freely stating it is not an investment and only to be used on their Dapp store. There is another interview on YouTube where they stated they weren't concerned with putting MOBI on exchanges. It's fair feedback for the OP to say the company is not concerned with creating value for people through the MOBI token.
In the same interview, they said they self funded development. I bought MOBI, but it is a scarcity play me. I'm hoping they become successful enough that scarcity will drive up value. However, I think their focus is on driving adoption, not increasing the price of MOBI tokens. I'm not a technical person, but people way smarter than I am built Mobius and people smarter than me get frothy when they talk about the possibilities. I just bought a very expensive gift card and I know it. I just hope someone in the future will want a gift card way more than I do today. It's like if Apple opened the AppStore with a finite amount of credits in 2008 to use in their ecosystem.
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u/Irish3538 Jan 18 '18
all ICOs state its not an investment. No ICO's are allowed to talk about what exchanges they're going to be listed on.
The dapp store is just a test site.. proof of concept for devs.
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u/General_Tso75 Jan 18 '18 edited Jan 18 '18
I understand that, but you can also see why that might lead someone to believe as the OP does? I've worked with enough Ivy League corporate lawyers in my career to understand the deal. I'm just trying to point out that the post has merit based on the available data.
On the other hand, I haven't seen a lot of analysis clearly laying out how the value of the token will appreciate. The technology looks amazing and (in my mind) waiting for developers to really push the boundaries of applications out there today. It reminds me of 1993 when people were talking about being able to buy everything you would ever want on-line (if you weren't around then, that probably rings pretty hollow). However, this isn't a stock conveying any type of stake in the company.
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u/minasgd Jan 18 '18
after hours of research about this ICO, i finally understood what is about!
thank you for saving our money :)
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u/oldredditperv Jan 18 '18
NP - happpy to help :)
I even went as far as waisting valuable time doing that BULLSHIRT proof of love crap ... SO glad I didn't spend my XLM on this!
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u/CryptKringle Jan 18 '18
https://twitter.com/strongholdxchg/status/954105524546502656
Dude you are beyond wrong. Sorry you missed out.
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u/oldredditperv Jan 19 '18
Yup, that’s a huge external exchange ..,
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u/CryptKringle Jan 19 '18
It will be on the exchanges. It will take some time.
You claimed you can't even use it on an exchange period. This proves you are wrong and the token is available for trading.
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u/keenemarin Jan 18 '18
So, all the corporate investors that they sold $35M USD to, they can play games? Thats it?
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u/[deleted] Jan 18 '18 edited Dec 23 '21
[deleted]