MOG B.V. to Use Ethereum Blockchain for a Revolutionary Online Gambling Platform
The new MOG platform will use an innovative approach to the gambling industry by introducing Smart Contracts based on Ethereum Blockchain. The "house" will take a fixed fee per game and a fee for marketing. The rest of the funds will stay in the prize pool, to be paid back to the winners. Besides that, the odds can go down to maximum of 1:100,000. When that ratio is reached, the odds remain the same, even if there is a drastically higher number of players in the game.
The new MOG platform will use an innovative approach to the gambling industry by introducing Smart Contracts based on Ethereum Blockchain. The game concept is based on the "house" taking a fixed fee per game and a fee for marketing, the remaining funds (in most cases 90%) are left in the prize pool, to be paid back to the winners. The first game launched, Lotto Poker, have a maximum odds of 1:100,00 no matter how many players take part in the game. This is truly a game changer for lotteries, where the odds often are in the tens of millions to become a main prize winner.
To ensure high returns to token holders, MOG will distribute quarterly payouts of 10 percent of the company’s profit. That means that of whole MOG’s revenue, 10% will be distributed to token holders, every three months, starting from January 2019. In January 2019, 10% of the entire revenue in 2018 will be paid out to the token holders.
The maximum amount that can be raised during an token sale campaign is 7.5 million Euros. A total of 20 million tokens will be created, and 15 million tokens will be offered for sale during the fundraising (75%). Price of one MOG token is 0.5 euro. Of the 15 million tokens to be sold, expense allocation will be:
15% campaign costs and bonuses
10% online marketing over the next 24 months
35% development
40% jackpots for the first 3 years
The company’s goal is to get the token listed on the most popular exchanges by the middle of 2018.
"We believe that online gambling needs to be reinvented. And hope this unique business model that uses ‘power of the many’, transparent and fair gambling will help us change it for the better. We aim to become the world’s largest online gambling company by 2025. I know that is ambitious, but the industry is now ready for innovations and MOG is the perfect facilitator for that,” said MOG B.V. CEO Eric Zuckermann.
You can learn more about the project in the MOG Whitepaper.
About MOG: Massive Online Gambling (MOG) B.V. is a fully licensed and regulated online gambling company. They launched their first game in December 2016. MOG is a fully operational business, and their current platform is branded as Explosive Gambling.
Related links:
Website: https://ico.mogbv.com/
Whitepaper: https://goo.gl/ymmLVt
Telegram Channel: https://t.me/mog_tokensale
Telegram Chat Group: https://t.me/MOG_chat
Twitter: https://twitter.com/mog_ico
Facebook: https://www.facebook.com/MOGBV/
Medium: https://medium.com/@mogico
BitCoinTalk ANN: https://bitcointalk.org/index.php?topic=2946518
BitCoinTalk Bounty: https://bitcointalk.org/index.php?topic=2946509.0