MOG - 100% transparent and fair gambling based on Blockchain.
Hello everyone, how are you today ? Back again with me, please have a pleasure while reading this article.
As you may already know all cryptocurrencies are powered by the blockchain technology and all transactions are performed on blockchain in a very secure and properly maintained environment. Every business is based on transactions. But these transactions are often routed through third-party intermediaries like banks, lawyers, and brokers? which can make processing time-consuming and expensive.
Blockchain technology has the potential to reduce the role of middlemen, dramatically speeding up multi-participant transactions and lowering costs, while ensuring all parties are protected. People, businesses, machines, and algorithms would be free to transact and communicate with one another in a frictionless way. This is the promise of Blockchain.
About MOG
MOG (Massive Online Gambling) is the first online gambling company to operate and fully licensed to raise funds by ICO. An initial coin offering (ICO), also known as a digital token sale or
crowdsale, is a way of raising funds from the public for the development
of a product outside of the traditional financial world. Usually
products are blockchain-based technologies, but the crowdsale model is
increasingly being used for other kinds of projects as well.
Online gambling monster online games are available online. The first online casino was launched in 1994, this means we have had 24 years without much innovation in the gambling industry. Yes, there is a new game that is launched all the time, but this is new skin on the old game machine.
Online gambling monster online games are available online. The first online casino was launched in 1994, this means we have had 24 years without much innovation in the gambling industry. Yes, there is a new game that is launched all the time, but this is new skin on the old game machine.
Online gambling is actually a dinosaur, not a business that utilizes the incredible technology that exists today. MOG has a different approach. We want to change the brave gambling world. We offer fair and transparent gambling. We remove the land from online games, why for example poker online on tables of 10-12 people? Most gambling companies have 96% for their players, and they return 50-70%.
MOG lit a fixed fee of 5% for most of our games, and 5% on marketing, which means 90% back to the players. This is not a theoretical salary, this is what goes back to the player for every game. We have chosen to start with the lottery game as this is the key to becoming the largest online gambling company in the world.
MOG is building its business on trust. With our new platform, we are hoping to become the most trusted online gambling company in the world.
Vission
The vison of MOG (Massive Online Gambling (MOG) B.V.) is to transform the online gambling industry by introducing a totally new gambling concept. We believe that being the first company which reinvent online gambling and by putting the players first could enable us to become the Google/Facebook of gambling.
Our goal is that by 2025 we will become the largest online gambling company in the world, with a possible valuation of more than $10 billion.
MOG Concept:
1. Online Gambling Reinvented
Most gambling companies, even crypto gambling, base their games on old land based gambling concepts with its limitations. MOG is different, we use today’s technology to create new and unique games, based around our revolutionary gambling concept.
2. Fair And Transparent
With us you never play against the house, all our games are between players only. We generate our earnings from a fixed fee per round, 5%, which mean that we pay back more than any other gambling business (both traditional and crypto gambling companies).
3. Licensed (Legal) Gambling
MOG is a fully licensed gambling company, which acquired its license in November 2016 (Curacao Gaming Authority #1668/JAZ). We believe that players prefer to play with licensed gambling companies, as this adds an extra layer of trust.
MOG is a fully licensed gambling company, which acquired its license in November 2016 (Curacao Gaming Authority #1668/JAZ). We believe that players prefer to play with licensed gambling companies, as this adds an extra layer of trust.
Lotto Poker
Lotto Poker is a combination of poker and sweepstakes, contrary to a standard lottery that you can not select with your number, this is allocated, in the same way as cards are handled in poker. Players are divided into groups of up to 100 000 tickets, each group always has one winner.
The winner of the round then competes for the grand prize in the final round. Half of the tickets will win a free ticket for the next draw.
Quick Draw Poker
Quick Draw Poker
Quick Draw Poker is the largest poker table in the world, in its first version. Each ticket is handled by hand, the best hand wins the round. Like Lotto Poker 50% tickets get free tickets, free round tickets are played straight after the initial round, and the game keeps running until all free tickets are played.
MOG Market
Online gambling is simply land based casino games made available online. The first online casino was launched in 1994, this mean we have had 24 years without much innovation in the gambling industry. Yes, there are new games being launched all the time, but these are mostly new skins on old game engines. Online gambling is in fact a dinosaur, not a business which take advantage of the incredible technology available today.
MOG has a different approach. We want to change the world of online gambling. We offer fair and transparent gambling. We remove land based limitations from online games, why should for example online poker be limited to a table of 10-12 people? Most gambling companies claim to have a payback of 96% to their players, when in reality they pay back 50-70%. MOG charge a 5% fixed fee for most of our games, and 5% towards marketing, which mean 90% is paid back to the players. This is not a theoretical pay-out, this is what we return to the players for every game round.
We have chosen to start with lottery games as this is the key to become the world’s biggest online gambling company. $110 billion total turnover spent on land based lotteries will move online in the next 5 to 10 years, why stand in line to purchase a lottery ticket when it can be done instantly online? Lotteries also have poor pay-outs, in most cases 50%, with MOG returning close to double it is obvious where people will want to play.
MOG Benefits
Tokens holders will receive a profit share from the MOG revenue, 10% paid quarterly. They will also receive one free ticket per token for our Jackpot games, which are planned to run quarterly and a Grand Prize Jackpot to be held annually.
Our players have to spend 5 euro to get the same value, which mean that purchasing a 0.5 euro token represent a significant value when it comes to the Jackpot draws.
In addition, MOG Token holders are entitled to one ticket for Jackpot draws that will be held every three months and Grand Prize Jackpot that will be held yearly. For every MOG token owned player will get one ticket for these grand draws. A successful token campaign will give us quarterly Jackpot prizes of 100 000 euro, and an annual prize of 1 million euro.
In addition, MOG Token holders are entitled to one ticket for Jackpot draws that will be held every three months and Grand Prize Jackpot that will be held yearly. For every MOG token owned player will get one ticket for these grand draws. A successful token campaign will give us quarterly Jackpot prizes of 100 000 euro, and an annual prize of 1 million euro.
Token Sale
What are Token? A token is a digital asset that is sold to the public during an ICO campaign, usually you pay in a cryptocurrency, such as ETH, or sometimes in a fiat currency (EUR/USD). Unlike a cryptocurrency, tokens usually are not a mean of payment, instead tokens often have some kind of right, for example a right to receive a part of the business revenue.
Tokens are not equal to shares. Once an ICO campaign is completed, the tokens can be released on an exchange, where they can be traded and fluctuate in value, like any other cryptocurrency.
MOG has opened the token sale to the public and invites interested parties to support the project and help us fund the development of our innovative gambling platform. Tokens will be allocated according to the following schedule:
Of the 15 million tokens to be sold, cost allocation is set to:
MOG has opened the token sale to the public and invites interested parties to support the project and help us fund the development of our innovative gambling platform. Tokens will be allocated according to the following schedule:
- 15 million tokens will be offered for sale during the fundraising (75%)
- 2 million tokens are held in reserve for future unknown costs. Locked for 12 months (10%)
- 3 million tokens will act as prize pool guarantees. Locked for 24 months (15%)
Of the 15 million tokens to be sold, cost allocation is set to:
- 15% campaign costs and bonuses
- 10% online marketing over the next 24 months
- 35% development
- 40% jackpot for the first 2 years
Token Issuance
Token Allocation
Token Information
- Token Name: MOG
- Token Sale Date : January 19th and will end on March 31st
- Total Token Allocated : 20 million tokens
- Token price: 0.5 euro
- Token Issued: 20 million tokens
- Token Available: 15 million tokens
- Minimum: No minimum
- Maximum funding: 7.5 million euro
- SoftCap: There is no soft cap
- Tokens will generate rewards based on the company’s revenue
- 10% MOG revenue profit share, paid quarterly
- 1% lottery market share equals 5 million per year
- Token holders will receive tickets for the Jackpot draws
- Free tickets for life in MOG Jackpot draws
- Quarterly and annual prizes, up to one million euro
- Token will be listed on exchanges: by middle of 2018
RoadMap
Conclusion
MOG is an untraditional gambling company. Our background is not gambling, which is probably why we are able to make such an innovating approach to gambling. Neither are we your typical token issuance project, which often are ideas at a very early stage.
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Conclusion
MOG is an untraditional gambling company. Our background is not gambling, which is probably why we are able to make such an innovating approach to gambling. Neither are we your typical token issuance project, which often are ideas at a very early stage.
We are a fully operational business, our first games have already been launched, we have already started changing the world of online gambling.
MOG believes that transparency is the most important thing in online gambling. Our new platform is going to be fully transparent with the help of blockchain technology.
MOG believes that transparency is the most important thing in online gambling. Our new platform is going to be fully transparent with the help of blockchain technology.
For More Information:
Telegram: https://t.me/mog_tokensale
Twitter: https://twitter.com/mog_ico
Facebook: https://www.facebook.com/MOGBV/
Medium: https://medium.com/@mogico
ANN: https://bitcointalk.org/index.php?topic=2946518
Twitter: https://twitter.com/mog_ico
Facebook: https://www.facebook.com/MOGBV/
Medium: https://medium.com/@mogico
ANN: https://bitcointalk.org/index.php?topic=2946518
Created by:
JuiceAnnabel
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1718302
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