Hi everyone,
My name is Alex, and I used to be the Gamecredits COO up until the beginning of March. As you already know, I have left the company, and, most importantly, have no stake in Gamecredits/MobileGo, as well as in any other cryptocurrency. Now that I’m out of the project, I want to offer an objective take on the whole story, so here’s how I see it.
Let me start with an apology though. I admit that we didn't perform quite as expected in the course of the ICO, and I firmly believe that we've been unnecessarily optimistic when preparing the offering. We didn't expect the crypto bull run, but that’s exactly what happened. The regulators have been warning about the apocalypse the crypto explosion could bring, and the companies were getting scared of attending problems — as a result, all hell broke loose, and meanwhile our whole model was based on running a proper platform where all the partners, developers and businesses could benefit from the value that cryptocurrency brings — immediate value exchange, cross-border transactions, smart contracts, and so on.
Basically our road-to-market heavily depended on the partners we would manage to acquire in order to get the currency widely adopted. In the new reality we had to build away from being too crypto-oriented, and that was the purpose of GNation.
Because the governments control regulators who, in turn, have the power to regulate the cryptocurrency markets, a lot depends on the governments. Out project had a lot to offer: proprietary game platforms, promotion of the IT industry, independence from Google and Apple’s monopoly, and so on. Everyone would be better off, including, of course, our community, since that would bring exposure and usage to our products and digital assets.
And that's why Sergey was working so much with the UN. You should understand that it had nothing to do with charity as you imagine it (like, I don't know, giving money to someone) — it was about working on game-related projects with the UN and the governments around the world. We have provided this information to the community managers (along with some other materials that would have made the whole thing more transparent), and published it on Sergey’s social media accounts, but in the end, it was the community managers’ decision whether or not to publicize this information.
I can just say that Sergey was extremely successful, especially in an environment like that, where usually you get a simple meeting set "after 6 months" — and he went in with zero support and connections. Also Sergey was extremely good at securing many important high level partnerships, the details of which I can’t disclose, but you’ll learn about them when the moment is right.
The so-called "side projects" also had an important role for the future of the whole ecosystem. The crowdfunding platform mostly oriented towards games that would be fair and transparent. The digital identity project, secure and independent from any of the major players. Their creation made a lot of sense. Now these projects are my sole responsibility, and GNation was compensated for all the expenses it incurred to develop them up until the split — and we ev
n paid some extra money, simply because we agreed that would only be fair.
And it's always been a fair environment. And that's why I find the recent statements coming from some people so disturbing. Jack was never mistreated. You can pretty much see it yourself from his statements, which are quite emotional, but also quite misleading. For instance, how can you pay taxes if you have no taxable income? I’m not going to go into any other details, because I respect the privacy of all parties, but I just wanted to point out this discrepancy in his accusations.
Now, let's talk about some other events. Like the April "revolution," when a group of developers came out and said that they don't like the way I and my team run the company, and that they can definitely do it better. It wasn't easy, of course, but I have accepted it. Moreover Sergey accepted that as well. He obviously trusted them and their ability to deliver things much better than under the previous management — and that's a bold move for a CEO. And I do respect that.
I have little knowledge of what happened next. Seems like a group of people organized another “revolution” later on, and formed GC Foundation. Which would have made sense in the end of the day – the community and the currency itself would have been better off with multiple teams providing services based on the same blockchain. But, again, like I said — I have very little knowledge of the situation after I moved away.
I do still follow Gamecredits price graph, mainly because it has become my obsessive habit over the last few years. And it doesn't look good, especially recently. Yes, we’ve had our good times and bad times before, but never did the price fall so steeply. Probably my biggest mistake was a strong opposition to paying exchange listing fees, and GNation is changing that now — just few weeks ago I have helped them fill out the application form for listing both MobileGo and Gamecredits on one of the top exchanges (yes, they are listing Gamecredits as well, even though they could skip doing it and wait and see how the new foundation will take care of things). They never abandon their work, and as for me — I truly respect that. They've never been involved with trading or pump and dump schemes, but only worked towards the goals that we all had set for ourselves.
In the end of the day, yes, Sergey and Maxim may not be the easiest people to work with, but that's because they are challenging themselves and people around them on a daily basis. But that doesn't make them "scammers," and that's the main point that I wanted to make. I personally couldn't keep up with the pace that they set, so I stepped down, and new people stepped up to the plate to do the job. Did they succeed? That's not for me to decide.
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