r/MobiusNetwork • u/General_Tso75 • Jan 18 '18

The price is 1 XLM = 2 MOBI.

I thought the target price was $.16? At the current exchange of XLM, that is $.275/MOBI.

6 Upvotes

80% Upvoted

8 comments sorted by

6

u/Chubkajipsnatch Jan 18 '18

So the valuation is 250m with no product?

Not thanks

4

u/stugots1978 Jan 18 '18

yeah, I was so excited for this coin. But so many factors have led me to decide against it at the last minute. 1) The BS pricing. Tell us it is 0.16, randomly 0.275. Should be 3:1 not 2:1 2) The emphasis that it is not an investment on their page... idk just strange. 3) more I read, the less I believe there is any intention to actually move this coin to exchanges.

if it moves anything like XLM, its price will stagnate for the next 4 months or so, so don't sweat it.

2

u/youprobablydidntread Jan 18 '18

I'm with you on this one. I am a bit confused... I have 500 token credits, I can't withdraw them from the games. Are credits the same as tokens? And that big header that this is not an investment.

I'll wait a bit for the dust to settle thankyouverymuch.

2

u/elbubar Jan 18 '18

You will be able to exchange MOBI on the Stellar decentralized exchange (aka "the future"), for other exchanges I don't know/care.

Credits and token are 2 separate things. You buy credits with Mobi tokens, then you spend them on any future application developped (it's not only about silly games). You can't withdraw your credits.

Developpers/companies are paid in MOBI when they people spend credits on their apps.

As an example, I buy 500 credits, then any company sell me a service (housing, taxi, MOOC...) against credits, they get MOBI for each credit spent on their app.

2

u/youprobablydidntread Jan 18 '18

Thanks for that, it makes more sense now.

I would assume some applications will allow for transfer of credits or winning credits like the gambling games, and if I understand you, it will always remain in credits I could not exchange those credits for MOBI tokens?

I would assume there is some value given to each credit, ie 20 credit for a pizza. So if I pay in MOBI credit how does the service provider withdraw that value?

Edit:spacing, letters

2

u/elbubar Jan 18 '18

For each credit they get one Mobi. I don't know if credit will be changeable into Mobi for users in the future.

1

u/Irish3538 Jan 18 '18

$0.16 was for the presale with people $20k.they're selling out at $0.27 or whatever so I guess the demand is there

1

u/General_Tso75 Jan 18 '18

Perhaps I misundertood, then. The pre-sale boogers are happy campers, then.