Upcoming ICO: Introducing Mobu

Mobu will, on December 1, launch the pubic round of its highly anticipated ICO (initial coin offering), during which it hopes to raise as much as $9.5 million.

Upcoming ICO: Introducing Mobu

ICO details

Mobu ICO

What is Mobu?

Mobu offers a decentralised organised ICO platform to facilitate the release of compliant tokenized securities in the blockchain space.

Mobu is an ecosystem that implements a unique Mob20 standard protocol to ensure the protection of both investors and ICO issuers.

By this offering Mobu creates a more competitive ICO services pricing environment which complies with Sec and all regulations including Kyc and Aml.

By introducing a new innovative and unique method of escrow services to ICOs, investors are able to exit the ICO after the crowdsale on a pro-rata basis if the ICO issuers do not adhere to their roadmap or goals.

A ‘lockup’ utility to Mobu tokens for service providers will be introduced to access services, rather than spend the tokens.

This creates scarcity of supply in the market and increases the demand and intrinsic value of the Mobu token.

Lockups can be used by investors to determine the intrinsic value of the Mobu token.

Mobu targets a strong growth area in the market and in the same way will the Mobu platform grow, evolve and develop.

Mobu considers several ways to apply this “lockup” utility of ICOs: Service providers, premium services and ICO issuer referrals.

What Mobu says

MOBU is a next generation user-friendly smart contract and all-in-one platform for real businesses (security tokens).

Launching an ICO that offers a security token can be extremely challenging due to the magnitude of technical, legal and regulatory requirements and procedures.

As an organised ICO platform MOBU offers a complete blockchain solution to expand the horizons and solve the problems of cryptocurrency developers who are hesitant and unsure about all the procedures required when offering security tokens to the cryptocurrency community.

  • Website: https://www.mobu.io
  • Headquarters: Pretoria, Gauteng
  • Year founded: 2018
  • Company type: Public Company
  • Company size: 2-10 employees

For more info on the Mobu project, please refer to the whitepaper

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