Why GameCredits/MobileGo seem to be a typical pump and dump coin?
Disclaimer: This is an article from my own perspective, it might not be correct and you should do further due diligence.
If you have not read the article by juanchoverd on why GameCredits (GC) and MobileGo (MGO) is a mere scam, you should:
https://steemit.com/cryptocurrency/@juanchoverd/why-i-think-mobilego-and-gamecredits-is-a-scam
Here are some reasons to reinforce the claim:
1) Ridiculous amount of Clash of Interest
Sergey Sholom is CEO of Datcroft and GameCredits, there is no independent board member on GC to prevent a bias decision to benefit Datcroft. Pixel Wars by Datcroft released on their gaming store have an absurd deal, GC will advertise Pixel Wars for free and not get a cent more except for the 10% fee. Datcroft will keep 90%.
Alex Migitko is COO of GC, MGO and Appmarka. Appmarka is a platform where developers will upload games before going on GC's gaming store but there is no transparency how much it cost GC to use Appmarka. It is basically a walkover tender given to Appmarka. Does Appmarka have the merit of a competitive pricing or a ridiculous one? We will not know.
Deals and benefits might had been handle to friends/relatives/close associates rather than pure merit. Maxim Sholom (Sergey Sholom's brother) work in Datcroft and GC as well.
2) Who are the developers?
GC claim that have 100 over people working in four countries. I found less than five people linked to GC on Linkedin.
3) No substantial update since MobileGo's ICO.
All communication is via a 20 years old college student - Jack Kuveke. All GC/MGO staffs have disappeared from the radar. This reflex their professionalism to a certain extend.
The updates given by Jack Kuveke are very shallow and have no depth.
https://twitter.com/jack_kuveke
https://gamecredits.com/blog/1
4) GC's gaming store had only two games added for months.
They promised a thousand games on the store by end of 2017, but they have less than 100 games. This is the typical over-promise and under-deliver illness for most startups.
5) Sergey Sholom is actively retweeting and liking GC hype tweets on his personal twitter account
For a CEO to do that, it is very unprofessional. He even liked a tweet that came from a HYIP (High Yield Investment program-
Ponzi ) user.
Conclusion:
In short, GAME/MGO might be shitcoins just pretending to offer an alternative solution to game developers/gamers.
Their true agenda is to pump and dump and get involve in the ICO hype (MGO). If you are speculating the price, feel free to go ahead however if you are investing in what they are selling, it is highly recommended not to touch this even with a ten foot pole.
Here are the people involve so they won't have a second chance to damage the cryptocurrency ecosystem in future:
Sergey Sholom
Maxim Sholom
Vesselin Peev
Nikola Djoke
Chafik Abdellaoui
Bok Khoo
Stefan Crnojevic
Jack Kuveke
We've actually said this many times. Appmarka IS the platform of the GameCredits store. Our developers built it. It's the same team. How much did it cost to use? About a million dollars, which is what we openly said it took to develop.
Oh and here are just a few of the people working on our team. You can easily recognize faces: [img]
[/img]
Also no regular updates is false. Are you subscribed to our newsletter? We gave a development rundown of everything we're working on about 2 weeks ago. Including new products. Here's that: http://mailchi.mp/gamecredits.com/gamecredits-and-mobilego-development-rundown-98
Why does my age matter? I've had more success in the cryptocurrency world than 90% of people out there. I also work 7 hours a day 7 days a week, and that's pretty evident in all that I do. Vitalik built Ethereum when he was my age. Oh and on top of all of what I've done in the working world, my school track record is impeccable. You want to see my transcript? I'm SURE (sarcasm) that puts people off.
This post basically condemns two projects leaving out critical info like the newsletters we've been putting out frequently. You think keeping our mouths relatively quiet until we have updates is what projects do to pump? If a project wants to pump their coins with the kind of funding we have we need only promote massively on social media and via press releases. It's not rocket science. But have we done that? No. Please tell me why a project that is just a pump and dump wouldn't invest resources into that sort of fake hype constantly.
You're clearly bias and have a bad taste in your mouth about our company. The problem with the cryptocurrency space is that anyone can give an opinion on how to run a business. Why should anyone listen to you? What's your track record? The people on our team have built businesses work millions. Why should anyone listen to you?
All I can tell you is that you'll end up eating your words. See you in a couple months.
it does not work that way. You have a lack of understanding on company structure. You work remotely, and have no idea what is going on.They might be making use of your inexperience to commit fraud. You should be aware of conspiracy charges in the US. Good luck.
Who are you? What is your real name? Mine is Jon Comer. I am easy to find. So is my address.
Stop hiding behind a "yourwhisper" avatar name. All this article seems to do is make a case for why you didn't buy before the recent rise and are butthurt because you might have missed the boat.
Jack has a perfect understanding of company structure, unlike your understanding of English and punctuation. At any rate, be a man, step up and tell us who you are. Lets have an open discussion. Stop hiding.
FYI readers. Jon Comer is CMO of GameCredits. You may judge how professional they are by now. ; Picking a fight instead of rebutting on article.
"Was" the CMO of Gamecredits. I don't currently work with either project. Get it correct, please. Who ARE you?
Obviously someone who is afraid to show themselves. So on one end you have a group of people who are transparent and open and on the other end we have you, some anonymous person who doesn't even have the current basic up to date understanding about the projects you are spouting off about.
Who should all 15 readers of your article believe?
If you are here to rebut on the article, stay. If not, leave.
The article is shit. It is utter shit. It's 100% wrong in every assessment. Did I rebut it enough to stay?
The onus is on you. The team owes you zero explanation. Get on a plane, fly to one of the offices, sit down with the team there, take a tour, meet with the founders. You can do all these things. Then come back and write an article based in reality. Then I and everyone else will respect whatever you have to say.
You can't rebut the article because they are facts. Hence you behave like a thug and throw threats around. Shame on you for such behaviour.
The most honest project and you are speaking like this.Real project with real product, what is wrong with you?Check this out: http://markets.businessinsider.com/news/stocks/Hyperledger-Gains-10-New-Members-1002568981 You should think why we are there!Game is on, and you cannot do nothing against it!
Also. I forgot to mention. A substantial portion of revenue from Datcroft games on the store is going to GShare our non-profit. This has been on the store for about a month: [img]
[/img]
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STOPNice post! I will follow you from now on.