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The 10 Most Famous Traders Of All Time

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The careers of the world’s most famous traders are colored by both triumph and tragedy, with some exploits achieving mythological status within the industry. The dramatic and varied stories of the most famous traders have made compelling material for books and movies.

Themes of boldness, adventurism and ambition run through the lives of the 10 most famous traders selected for this designation by Investopedia. Short selling securities is a tactic many of these individuals share.

The top 10 are listed below in chronological order of their birth dates. All but the first two are still alive. Most of the historical material is from Wikipedia.

Jesse Lauriston Livermore

Jesse Lauriston Livermore, an American who lived from 1877 to 1940, shorted the stock market crashes of both 1907 and 1929 and was worth $100 million at his peak.

He began his trading career at 14 by posting stock quotes for Paine Webber in Boston.

Livermore would write down calculations about future market prices and later check them for accuracy. He began to put money on the market by making a bet at a “bucket shop,” an establishment that took bets on stock prices but did not buy or sell the stock.

The bucket shops eventually banned him for winning too much money. He moved to New York City and began trading in legitimate markets. This led him to devise new rules to trade the market.

He created a working philosophy for trading securities that emphasizes increasing the size of one’s position as it moves in the right direction, then cutting losses quickly. He said his lack of adherence to his own rules was the reason for his losses after making his fortunes in 1907 and 1929.

In 1907, he noticed a lack of capital existed to buy stock. He predicted a sharp drop in prices with speculators forced to sell by margin calls and lack of credit. Without capital, there would be no buyers to absorb the sold stock, driving down prices. He took advantage of this situation and bought stocks at depressed values. After the crash, he was worth $3 million.

Livermore was worth $100 million in 1929 following a similar scenario to 1907.

It was never clear what happened to his fortune, but he lost it all by 1934. It is believed he turned prematurely bullish and bought stocks and commodities long before the market bottomed in the summer of 1932.

He committed suicide in 1940.

William Delbert Gann

William Delbert Gann, a finance trader who lived from 1878 to 1955, used market forecasting based on geometry, astrology and ancient mathematics. His technical tools included “Gann angles” and the “Square of 9.” He wrote a number of books.

Gann started trading when he was 24. He reportedly believed in the religious and scientific value of the Bible. He was also a Freemason, to which his knowledge of ancient mathematics is attributed. He also studied the ancient Egyptian and Greek cultures.

In his book, “The Basis Of My Forecasting Method,” published in 1935, Gann described the use of angles in the stock market.

Calculating a “Gann angle” is equivalent to determining the derivative of a certain line on a chart. Each geometric angle divides time and price proportionally.

Gann called the most important angle the 1×1 or the 45-degree angle, which represented one unit of price for one unit of time. By drawing a perfect square and then a diagonal line from one corner of the square to the other illustrates the angle, which moves up one point per day.

There is no consensus whether Gann made profits by his own speculation.

George Soros

George Soros

Born in Hungary in 1930, George Soros is the chairman of Soros Fund Management, one of the most successful hedge funds. He earned the moniker, “The Man Who Broke the Bank of England” in 1992 after short selling $10 billion worth of pounds, earning a $1 billion profit. In February 2017, his worth was estimated at $25.2 billion.

He began his career by working at merchant banks before launching his first hedge fund in 1969. He started his second hedge fund in 1970.

His studies of philosophy led him to apply Karl Popper’s General Theory of Reflexivity to capital markets. He claims this theory provides a clear view of the fundamental/market value of securities, asset bubbles and value discrepancies for use in swapping and shorting stocks.

Soros’ fund was later renamed the Quantum Fund based on Werner Heisenberg’s principle of quantum mechanics.

By 1981, the fund grew to $400 million when a 22% loss and substantial redemptions by some investors cut it in half.

In 2011, Soros said he had returned funds from outside investors’ money and invested funds from his $24.5 billion family fortune due to changes in U.S. Securities and Exchange Commission disclosure rules. The fund had at the time averaged over 20% per year compound returns.

In 2013, the Quantum Fund made $5.5 billion, the most successful hedge fund in history. Since its inception in 1973, the fund has generated $40 billion.

Soros built a large position in pounds sterling for months leading up to September 1992. He recognized the unfavorable position of the United Kingdom in the European Exchange Rate Mechanism. On September 16, 1992, his fund sold short more than $10 billion in pounds, profiting from the government’s reluctance to raise its interest rates or float its currency.

The U.K. withdrew from the European Exchange Rate Mechanism, which devalued the pound. Soros’s profit was estimated at over $1 billion.

James Rogers, Jr.

James Rogers, Jr., born 1942, is the chairman of Rogers Holdings. He co-founded the Quantum Fund along with George Soros in the early 1970s. He is known for his correct bullish calls on commodities in the 1990s.

In 1964, Rogers joined a Wall Street firm where he learned about stocks and bonds. In 1998, he founded the Rogers International Commodity Index. In 2007, the index and three sub-indices were linked to exchange traded notes under the banner, Elements. The notes track the total return of the indices as a way to invest in the index.

In February 2011, he started a new index fund focusing on leading companies in metals, agriculture, mining, and energy sectors as well as those in the alternative energy space.

Richard J. Dennis

Richard J. Dennis, born in 1949, became successful as a Chicago-based commodities trader. He reportedly built a $200 million fortune in 10 years from his speculating. With partner William Eckhardt, he co-created the mythical Turtle Trading experiment.

He began as an order runner on the Chicago Mercantile Exchange trading floor at 17.

To circumvent a rule requiring traders to be at least 21 years of age at the MidAmerica Commodity Exchange, he worked as his own runner, hiring his father to trade in his stead in the pit.

He profited as he bought successively new weekly and monthly highs in the inflationary markets of the 1970s, a time of global crop failures.

Dennis held positions for longer periods than most traders, riding out short-term fluctuations.

When a futures trading fund he managed suffered major losses (estimated around $10 million) in the U.S. stock market crash of 1987, he quit trading for several years.

He managed funds for a period in the mid and late 1990s, but closed these operations following losses in the summer of 2000.

Paul Tudor Jones II

Paul Tudor Jones II was born in 1954 and is the founder of Tudor Investment Corporation, a leading hedge fund. He gained notoriety after making around $100 million from shorting stocks in the 1987 stock market crash.

His cousin, William Dunavant, Jr., CEO of one of the world’s largest cotton merchants, introduced him to a commodity broker who hired him and mentored him trading cotton futures.

The Tudor Group investment strategies include growth equity, discretionary global macro, quantitative global macro (managed futures), quantitative equity market neutral and discretionary equity long/short.

Predicting Black Friday 1987 allowed him to triple his money during the event due to his large short positions.

While the hedge fund industry standard is 2% per annum of assets under management and 20% of the profits, Tudor Investment Corporation charges 4% per annum of assets under management and 23% of the profits.

Forbes Magazine in 2013 listed him as one of the 40 highest-earning hedge fund managers.

John Paulson

John Paulson, born 1955, runs the hedge fund Paulson & Co. He made $4 billion in 2007 using credit default swaps to sell short the U.S. subprime mortgage lending market.

Paulson started his career at Boston Consulting Group in 1980 researching and advising companies. He worked at Odyssey Partners, Bear Stearns and eventually Gruss Partners LP, where he was a partner. He founded his own hedge fund in 1994 with $2 million and one employee. By 2003, the firm had $300 million in assets.

The firm specializes in “event-driven” investments — i.e., in mergers, acquisitions, spin-offs, proxy contests, etc. Such events involve merger arbitrage, described as waiting when one company announces it’s buying another, buying the target company’s shares, shorting the acquirer’s stock, and then earning the differential between the two share prices when the merger closes.

In 2010, he set another hedge fund record making nearly $5 billion in a single year.

In 2011, he made losing investments in Bank of America, Citigroup and the China-Canada listed company, Sino-Forest Corporation.

Steven Cohen

Steven Cohen, born 1956, started SAC Capital Advisors, a hedge fund focused primarily on equities.

After school at Wharton, Cohen took a Wall Street job as a junior options arbitrage trader at Gruntal & Co. in 1978.

His first day on the job, he made an $8,000 profit. He would eventually make the company around $100,000 a day.

In 1992, Cohen launched SAC Capital Partners with $20 million of his own money. By 2009, the firm managed $14 billion in equity.

On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager.

Cohen was not directly named in the 2012 indictment.

A civil case against Cohen was settled in January 2016. The agreement prohibits him from managing outside money until 2018.

The hedge fund itself pleaded guilty to similar criminal charges in a $1.8 billion November settlement that required it to stop handling investments for outsiders.

David Tepper

David Tepper, born in 1957, is the founder of the successful hedge fund Appaloosa Management. He is a specialist in distressed debt investing.

For the 2012 tax year, Institutional Investor’s Alpha ranked Tepper first, for earning $2.2 billion. In 2016, he earned $1.2 billion, making him the world’s fourth highest earning hedge fund manager.

After earning his MS in 1982, he took a position in the treasury department of Republic Steel in Ohio.

In 1984, he was recruited to Keystone Mutual Funds in Boston, and in 1985, Goldman Sachs recruited him for its high yield group. Within six months, Tepper became the head trader on the high-yield desk, focusing on bankruptcies and special situations.

He started Appaloosa Management in 1993.

In 2001, he generated a 61% return focusing on distressed bonds.

In 2005, he began focusing on Standard & Poor’s 500 stocks. He makes significant gains investing in companies such as Mirant, Conseco, Marconi and MCI.

In 2009, his hedge-fund earned about $7 billion by buying distressed financial stocks and then profiting from the recovery of those stocks.

Nicholas Leeson

Nicholas Leeson, born in 1967, is a rogue trader who caused the collapse of Barings Bank. He served four years in a Singapore jail, but later bounced back to become CEO of Galway United, a football club.

Following school, his first job was as a clerk with a private bank, Coutts. He then moved to Morgan Stanley in 1987 for two years, then to Barings.

In 1992, he became general manager of a new futures markets operation in the Singapore International Monetary Exchange.

Barings Bank allowed Leeson to remain chief trader while also being responsible for settling his trades, jobs usually done by different people. This made it easier for him to hide his losses from his superiors.

At the end of 1992, the account’s losses surpassed £2 million, which expanded to £208 million by the end of 1994.

The beginning of the end occurred on 16 January 1995, when he placed a short straddle in the Tokyo and Singapore stock exchanges, betting the Japanese stock market would not move overnight. But an earthquake hit early in the morning on January 17, sending Asian markets into a tailspin.

Leeson fled Singapore in February. Losses reached $1.4 billion, twice the bank’s available trading capital. Following a failed bailout attempt, Barings was declared insolvent in February.

Leeson was arrested in Frankfurt and extradited to Singapore.

He pleaded guilty to two counts of deceiving bank auditors and of cheating the Singapore exchange, including forging documents.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.9 stars on average, based on 8 rated postsLester Coleman is a veteran business journalist based in the United States. He has covered the payments industry for several years and is available for writing assignments.




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MGO Token Is Now the Preferred Currency for Game Publishers

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The last few years in the crypto markets have been like riding a roller coaster.  There was period of pure euphoria, mainly during 2017.  And, now, we are stuck, perpetually it seems, in a period of doom and gloom.  It’s unclear when things will turn around.  Because of the bear market that appears to have no end in sight, many cryptocurrency projects will likely fail during the next few years.  Bearing that in mind, it would behoove traders/investors to start researching projects that have a high probability of real world adoption.  One project that appears to be making all the right moves is MobileGo (MGO).

Increased Adoption of MGO Token

There is no doubt that gaming has been a global phenomenon for years.  Video games, computer games, multi-gaming experiences, and e-sports have all been woven into the fabric of society.  And while typical financial analysis focuses on the growth of the industry, game developers are the ones who make everything possible.

One of the largest platforms that game developers now belong to is Xsolla.

Xsolla offers significant advantages that include the following:

  • A pay station that accepts more than 700 payment types from more than 200 countries.
  • Industry leading fraud protection.
  • A partner network that assists publishers with growing their respective businesses.
  • An extremely popular store where gamers can purchase in-game goods, subscriptions, and currencies.

The last point is probably the most important as it relates to this article.  When gamers make purchases, such as in-game purchases, the developers are rewarded with earnings.  And, in order to run their businesses successfully, they are able to withdraw those earnings.

Until recently, the only option was a traditional FIAT withdrawal, such as USD or EUR.  But that is all changing thanks to MobileGo’s native currency, MGO.

Why are Developers Selecting MGO for Withdrawals?

During the last few weeks, game developers and publishers that utilize the Xsolla platform have begun selecting MGO as their preferred withdrawal method.  The current expectation is that MGO will account for roughly 30% of Xsolla’s monthly volume in the near future.  With Xsolla’s monthly turnover nearing $100 million, this would be a massive development.  This begs the question of why the sudden rise in MGO’s popularity.

Cryptocurrency, specifically MGO, offers several advantages over traditional FIAT payments.  With FIAT, it normally takes quite a bit of time for developers to actually receive their payments.  Occasionally, this burdensome process can drag out for weeks to months.  This is critically important as some developers are responsible for running large companies.  The earnings, on a platform like Xsolla, need to be withdrawn in a timely manner in order to pay employee salaries, purchases necessary technological equipment, meet rent and loan obligations, etc.  Therefore, waiting for weeks on end to receive earnings isn’t going to work.

Additionally, FIAT withdrawals are normally subject to significant transaction fees and commissions.

When one factors all that in, it’s not really a surprise that MGO is quickly becoming the currency of choice for game developers.  MGO payouts are faster, cost-efficient, extremely secure, and very simple to use.  Once funds are received, the withdrawal process is as easy as a few mouse clicks.  MGO tokens can be sent to most cryptocurrency wallets that are ERC-223 integrated.  Another option is to withdraw the tokens direct to crypto exchanges such as Bitfinex and Bitforex.

As soon as the MGO tokens are received, users are in full control of them.  The tokens can then be converted to popular cryptocurrencies such as ETH, BTC, USDT on exchanges that support MGO tokens, or swapped directly for FIAT currencies.

Conclusion

The past 12 months have certainly been a depressing time for many.  A lot of traders have lost money and many crypto executives have seen their projects fail.  And although quite a few projects will face the same fate, one that won’t is MobileGo.  As MGO continues to see increased adoption within the development and gaming communities, it’s very likely that the token price could see a significant increase as well.

Disclosure:  Chris Matthews owns MGO tokens.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Lite.IM Surpasses Facebook In Race To Support Cryptocurrency Compatible Messenger

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Since the early part of 2018, crypto traders have been bombarded with bad news.  Hacks, broken promises, and overall lack of enthusiasm have resulted in huge losses.  But more than that, some promising cryptocurrencies just haven’t survived.  As traders look to the future, they should begin looking at projects that have the potential to disrupt industries and take them to the next level.  One company that has the potential to accomplish that is Zulu Republic (ZTX).

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  The company’s stated mission is to advance the development of decentralized technologies, to promote human rights and empowerment around the globe, and to reduce the global digital divide.

Well the company is off to a great start with the development of Lite.IM.

What is Lite.IM? 

Lite.IM is a project aimed at expanding global cryptocurrency adoption.  With Lite.IM, users can send, receive, and manage Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and the company’s native currency (ZTX), on Facebook Messenger, Telegram, and SMS (in the USA and Canada).  To get started managing these cryptocurrencies on the aforementioned platforms, users simply need to send a text-based command to the Lite.IM bot.  The commands are as follows:

Telegram:  @LiteIM_bot

Facebook Messenger:  @lite.im

SMS (USA and Canada only):  760-LITEIM-0

Competition with Facebook

On December 21st, 2018, Facebook announced that it was developing its own stable cryptocurrency that users would be allowed to exchange through its popular chat service, WhatsApp.  But while Facebook’s initial approach will target users based in India, Lite.IM is open to everyone in the world.  Further, Zulu Republic has previously mentioned that they expect to announce support for WhatsApp in the next few weeks.  It certainly appears as though Lite.IM has the upper hand here.  And that is before even addressing Facebook’s obvious privacy concerns.

When it comes to cryptocurrency, privacy and security have always been two issues at the forefront.  Given the rough year that Facebook has had in that regard, users must certainly be forgiven if they have trouble trusting the social media giant.  In September, 2018, Facebook announced that an attack on its computer network had exposed the personal information of nearly 50 million users.  Apparently, the hackers were able to exploit a feature in Facebook’s code to gain access to user accounts.  Even prior to this announcement, Facebook was already under Congressional scrutiny over revelations that a British analytics firm obtained access to private information from nearly 87 million Facebook users.  Not to mention Facebook’s rumored involvement with Russian election meddling.  Suffice it to say, it has been a tumultuous year for Facebook.

And while users may have concerns trusting Facebook’s ability to handle cryptocurrency data, they shouldn’t have those same concerns with Lite.IM.  Private keys are RSA encrypted with the user’s password.  Lite.IM will never ask for that information nor will it be stored.  Because of this, no third party will ever have access to that valuable information.

Conclusion

The truth of the matter is that Facebook is an absolute giant and has grown at an extraordinary rate since its initial public offering.  Facebook has hired some incredible talent, from executive positions to marketing to development.  And while one should never count them out, I simply wouldn’t be able to trust them with all of the recent issues.  Perhaps in time, after regaining the public’s trust, users could once again look to Facebook as a leader.

Fortunately, users have another strong and dependable option.  Lite.IM will allow users all over the world to manage popular cryptocurrencies via their favorite messenger platform.  Users should continue to stay tuned for future developments.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Product Owner Interview – GShare Has Potential To Increase Adoption Of MobileGo (MGO) Tokens

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In early December, I wrote an article on why investors should be paying attention to MobileGo (MGO).  Exploding popularity of the gaming industry and an impressive partnership agreement with Xsolla led to a surge in MGO’s token price.  In addition, the team of MobileGo created an application, called GShare, that has the potential to significantly increase MGO token adoption.

What is GShare?

GShare essentially allows users to rent the power of their computers to earn virtual coins.  These coins can then be redeemed later for several gaming options including tournament entry fees.  Through this platform, a user can control the amount of computer resources that are used throughout the process.

Although GShare is currently only at the public beta testing stage, virtual coins can still be earned by making purchases for Xsolla products.  But, according to Igor (the product owner of the GShare app), the goals are much more global than just Xsolla.  Fortunately, I was able to land an interview with Igor and asked him about the goals, benefits and upcoming upgrades of the project.

Interview

What is the mission and vision of the project?

Igor:  Ok, the mission and vision are basically to enable anyone, with the focus group being gamers, to easily obtain free stuff.  For example, for simply sharing their time and computing power, users can come away with games, in-game items, and eSports tournament tickets for free.

What is the advantage of this application as compared to other earning tools in the gaming industry?

Igor:  The main advantage is simplicity.  Thanks to the partnership with Xsolla, another important advantage is being able to use the virtual currency to buy games and make in-game purchases.  In the future, I expect that users will be able to earn items directly within the application.  While there are other programs available in the market that allow users to earn virtual currencies, typically users must spend a long time, sometimes up to a year, to earn enough virtual currency to purchase a basic product like a keyboard.

The general idea of GN Gold (GShare currency) is that we will eventually have an entire ecosystem that will support it.  In the future, we fully expect there to be a deep integration between game publishers and being able to use GShare directly to get different items – this is the first step to earing free items outside of the games.   We hope to separate ourselves from competitors by forming more direct integration with the games themselves.

What is the actual development status?  As far I know it’s still in beta test mode.

Igor:  Yes, we can say it is a public beta test.  But it is available.  Anyone who registers in GShare can download and use it.  The test mode is available for the first 500-1000 users of the platform.  This will help our team to identify and fix the bugs.  At present, our internal version is 0.9.17.

If I remember correctly, there was a recent upgrade.  Is that accurate?

Igor:  Yes, it actually happened a few days ago.  Next week, we plan to upgrade the version by adding additional languages including English, Russian, Chinese and Korean.  After that, the plan is to add Spanish and Japanese in the near future.

Are there any other upgrades you are expecting soon, perhaps in the next couple of months?

Igor:  I think that the first noticeable change will be some type of boosting feature.  After performing certain actions or tasks, users will see an increase in their GShare Gold earning rate.  An example of a boost might include increased earning power for two hours.  We expect to begin working on this feature on Monday although I don’t expect it to be completed until February at the earliest.

How is GShare currently interconnected with other products?  Are there any upcoming changes in this respect?

Igor:  Right now, there are no direct connections except that a user can spend GShare Gold on the competitive platform.  A user’s GShare Gold is used as a participation fee.  If a gamer wins a tournament, they will have the option to receive their prize in either MGO tokens or GShare Gold currency.

As far as I know, both products (the earning app and competitive platform), use the same username and password.  Is that true?

Igor:  Yes, they do.  All products of the ecosystem will be easily accessed via a single user profile.  So, we will focus mostly on integrating with games and allowing game-publishers to integrate with us.  In this way, users can directly spend GShare Gold within the games or use the currency to get items directly.

Okay, are there any technical requirements before someone can run the GShare App?

Igor:  I wouldn’t say there are any specific requirements.  Since gaming already requires significant computing power, it’s fair to say that most gamers will already have the necessary hardware to run the app.

I just want to clarify one thing.  As I understood it, the eSports platform is now used mainly for casual games?

Igor:  Yes.  The eSports platform now targets casual gamers while GShare is targeting more of a core gamer audience.

What are the limitations and how can someone know whether they should use GShare?

Igor:  At the moment, that’s a very difficult question to answer given that we’ve only just launched the beta.  During this test period, we hope to learn more about whether an average gaming machine with an average GPU will be enough to earn users some profit.  Although I can say that even laptops with just CPU are able to earn something right now.  It’s also important to remember that the boosting feature, in which development will begin shortly, will play a pivotal role here.

What are the future goals for GShare?

Igor:  For me, the goals are like most other technology businesses – stability and scalability of the application.  Certainly, we hope to make the experience as pleasurable for the users as possible.  Avoiding bad experiences, like application crashes, are of paramount importance.

Some of the team will be working constantly on improving the algorithms, stability and scalability, fixing bugs, and making small fixes in the background.  In the near term, the priority is certainly to finish earning item features, testing it, and getting as many game publishers as possible.  The boosting feature is also very important.

Does GShare have the potential to change the gaming industry in the long-term?

Igor:  Well, the company’s long-term goal is to do good things.  We hope that all these products and GShare will be able to support the community and create strong social values.  Users can choose to interact within the framework of a thematic platform.  An example of that would focus on how a gamer’s view is changing.  This is not just about gaming but allowing people to use their computer for many things while not having to make any effort to go outside.

…. and what’s the scope of the project?

Igor:  Well, for me personally, the scope is to provide as much profit for users as possible.  It would be great if people could run the application overnight while earning a few dollars.  That would really be something.

What are you doing to increase awareness of the GShare Application?

Igor:  Our team is working on that right now.  In January, we expect to begin introducing the app to the Chinese and Korean markets.  In addition, we are negotiating with partners.  Word of mouth among gamers will also play a big role.  That, of course, will depend on the quality and success of the beta.

This will be my final question.  What role do you play in this project?

Igor:  Well, when I came to the company, they wanted me to lead the core.  Prior to joining, I was a product manager for the core team in my previous role.  The previous role afforded me a lot of experience but, for me, it had become a bit tiresome and uninteresting.  It was really about the things that the ordinary user doesn’t see, and I was dealing with all the back-end.

This project is different.  It sounds like “Oh, we haven’t go these” – now you do!  Right now, I’m trying to figure out ways to give the end users as many benefits as possible.  I spend a lot of my time ensuring a good user experience.

Chris:  Igor, thanks so much for taking the time to give me an interview.

Igor:  You’re welcome.  Feel free to contact me anytime if you have more questions.

Although GShare is still in the initial stage of development, the potential is certainly there for a bright and meaningful relationship between gamers and publishers.  As awareness increases, there is a strong possibility that adoption of MobileGo (MGO) tokens will also increase.

Disclosure:  Chris is long MGO tokens.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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