Mobu ICO: Blockchain System For Creating Compliant Security Tokens
Mobu is a decentralized platform, as well as an end-to-end solution that makes it possible for ICOs to release compliant security tokens through the blockchain. It seeks to address the difficulties that are associated with releasing an ICO accompanied by a security token because of technical, legal, and regulatory requirements.
The Mobu platform is able to make this a possibility through its blockchain-based solution. The solution is able to eliminate any worry that cryptocurrency developers may have pertaining to the procedures that must be followed when looking to offer a security token.
Mobu ICO Details
Token Type: ERC-20
Token Soft Cap: 1,000,000 USD
Token Hard Cap: 35,000,000 USD
Token Price: 0.15 USD (with a twenty percent bonus dependent on the participation date)
Token Sale Date: 1st December 2018
Token Last Sale Date: 31st January 2019
Mobu Development Team
The team behind the development of the Mobu platform is one that covers various professional fields, with all the participants being well-versed with blockchain. For instance, its CEO Juan Engelbrecht has vast experience on stocks and equities in the South African market, having worked with the Johannesburg Stock Exchange in the past.
Apart from working with stocks, and equities and being in possession of a cost accounting management degree, Juan also happens to be one of the earliest supports of the blockchain infrastructure. Over the years, he has worked tirelessly to try and combine his various passions. He also has a very high appreciation for decentralized technology.
Another member of this team is Paul Pelser, the CFO. Paul has a double commerce degree. He is also a chartered accountant with vast experience working as an auditor with one of the biggest manufacturers in South Africa.
The Problem to Be Addressed by Mobu
Mobu seeks to address the challenges that are associated with the creation of security tokens, in addition to any other digital assets that can be used as security tokens. The issue is quite serious, given the fact that it can be very difficult for a developer to produce a compliant token when they are not well-versed with the framework to be used.
In addition, there also exists a number of legal complications that are likely to interfere with the security tokens. This can be very restrictive, considering that this is a valuable industry, but one, which has unfortunately been ignored by blockchain.
How Will Mobu Resolve this Issue?
Mobu will provide a solution that seeks to address the root of the problem. This will be done by launching a platform that can be used to introduce security tokens. Mobu will provide all the expertise that is required to handle all kinds of laws and regulations, such as guaranteeing token compliance.
Apart from assisting cryptocurrency companies and developers to launch their security tokens, the platform will also be providing additional benefits, e.g., providing developers with direct, and unrestricted access to verified, and fully compliant investors. It will also limit the number of securities that can be traded by the investors through the use of smart contracts.