MOBU (MOBU) ICO
PastFeb 01, 2019 – Apr 30, 2019
MOBU is a platform for real businesses (security tokens).
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What is MOBU
The securities market is a multi-trilliondollar arena which remains virtually untouched in the blockchain space. Imagine unlocking that vast potential through a consolidated, enabling and self-regulating platform? Launching an ICO that offers a security token can be extremely challenging due to the magnitude of technical, legal and regulatory requirements and procedures. Failure to abide by these regulations could result in costly penalties and could threaten to derail the whole project.
Globally the issue around ICO government regulation is currently in a confused state of uncertainty with sometimes contrasting points of view. However, the general trend is towards recognition: recognition that security token ICOs have a place in the market and that progress will, therefore, need collaboration between government and industry. All signs point to 2018 being the year of government regulation, where the needs of investor protection and broader security token ICO participation are addressed.
MOBU offers a decentralized organised ICO platform to facilitate the release of compliant security tokens on the blockchain. Real businesses wishing to raise capital by issuing security tokens will build their ICOs on the MOBU platform. MOBU creates an abstract smart contract from which all security token ICOs will be extended. The MOBU abstract smart contract will contain the code that is required by the security token ICOs to conform to the MOBU ERC20 platform and the MOB20 standard to adapt to the ideas and requirements of MOBU. A regulatory friendly token is the only way to allow institutional money to enter the blockchain and a user-friendly platform for trusted ICO`s is the only way to allow nontech businessmen to participate in the blockchain.
MOBU introduces a new innovative method of escrow services to ICO`s. 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. These unique features ensure higher overall ROI for investors and creates a network of confidence and trust that will boost economic efficiency and incentivize community growth.
BUSINESS AND TEAM VISION
As the cryptocurrency market evolves, the global adoption of ICO fundraising structures has led to an explosion of new capital formation that has outpaced both the seed and venture capital investment markets. The 86 ICOs that were launched during the first term of 2018 were able to raise a mammoth amount of US $3,4 billion in total. The total costs of launching successful ICOs are a lot more cost effective in raising funds than IPOs. However, approximately 98% of these ICOs launched utility tokens.
The securities market is a multi-trillion-dollar arena which remains virtually untouched in the blockchain space. We know that a security token start-up can be a legal, technical and regulatory nightmare. MOBU is a decentralised organised ICO platform that facilitates the release of validated security tokens. There are several legal restraints when a security token is considered. When funds are being raised for a security token a KYC/AML process, a SEC 506 C reg D approval and an FSB CIS CAT 2 licensing in South Africa are required. Every country has different requirements in legislation in terms of this. By partnering with MOBU, cryptocurrency developers will be able to navigate the process with ease. Imagine unlocking that vast potential through a consolidated, enabling and self-regulating platform?
MOBU offers KYC, AML and SEC approval, innovative escrow services to ICOs, bank support to investors when fiat is converted to crypto and smart contract development, and facilitates all other processes needed to raise funds. MOBU’s user-friendly platform offers non-tech companies the opportunity to expand their horizons to launch security tokens with negligible fees, instant settlement times and round-the-clock trading.
As an organised ICO platform MOBU solves the problems of cryptocurrency developers who are hesitant and unsure about all the procedures required when offering security tokens to the cryptocurrency community. Various companies in industries such as mining, property development and retail will now get the opportunity to legally raise funds via MOBU.
When a security token is created and issued through MOBU, the token is programmed to verify who can buy and sell the token. The security token restricts token holders from trading to any address that has not passed the required verifications. With this baked-in restriction, decentralized and anonymously run exchanges will only be able to conduct trades to authorized participants. The restrictions provide issuers assurance that their tokens will only be held by authorized investors. This fundamentally changes the securities market. MOBU creates a network of confidence and trust that will boost economic and operational efficiency. It ushers securities onto a new decentralized secondary market with negligible fees, instant settlement times, and around the clock trading.
THE MOBU SOLUTION
MOBU is instrumental to this new wave of wealth creation. MOBU facilitates the release of compliant security tokens with ease and confidence for all businesses that are backed by real assets wishing to raise capital on the blockchain.
MOBU’s decentralised organised ICO platform offers the following solutions
restricts tokens to verified users:
introduces a new innovative method of escrow services to ICO`s:
introduces a “lockup” utility to MOBU tokens for service providers 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.
strengthens investor protection by:
DetailsPre-sales: Sep 01, 2018 - Sep 30, 2018
Public sales: Feb 01, 2019 - Apr 30, 2019
Token supply: 350,000,000
Total tokens for sale: 350,000,000 MOBU
Soft cap: 1,000,000 USD
Hard cap: 9,500,000 USD
LegalBlockchain Platform: Ethereum
Country limitations: United States
Token infoTicker: MOBU
Token standard: ERC20
Token price in USD: 1 MOBU = 0.15 USD
Accepted currencies: ETH, BTC, BCH, LTC, DASH, Fiat
Pre-ICO - 25%
ICO - 0-20%
80% - Fundraising
12% - Team (Frozen 1 Year)
4% - Advisors
3% - Bounty
1% - Airdrop
50% - Product and R&D
20% - Marketing
10% - Legal
10% - Operations
10% - Community & Ecosystem
Start of the Pre-ICO.
End of pre-sale.
ETH, BTC, BCH, LTC, DASH and FIAT (USD) will be accepted for pre-sale.
Main ICO commences.
Public ICO starts on this date.
Main ICO ends.
The main ICO will end.
ETH, BTC, BCH, LTC, DASH and FIAT (USD) will be accepted
Since Mobu is clearly a utility token it is easy to list on exchanges. Mobu will list on the exchanges above and will continue to list on other as the demand for the token grows.
The first beta version of MOBU is to be launced allowing security tokens.
Forex pamm account.
First Forex Percentage Allocation Money Management Account(PAMM) ICO on MOBU platform. MOBU will develop the first forex and crypto percentage allocation money management (PAMM) ICO on MOBUs platform and retain 20% of the authorised tokens to ensure that MOBU increases in value and that more resources are put into place to develop MOBU to its full potential. Blockchain was developed to prove data is real and this will be the first forex ICO that we are aware of. Blockchain Forex Managers will not be able to be dishonest about performance figures, management fees and assets under management anymore. This will ensure lower administration fees for investors.
Gold mining listed.
Gold Mining Company listing on Mobu. We have two signed letters of intents of a Chrome and Gold mining business wishing to tokenise their businesses and understand the cost saving involved and benefits of using blockchain.
Crowdfarming ICO on MOBU platform.
If MOBU raises US $20m: MOBU will develop the first crowdfarming ICO on MOBUs platform and will also retain 20% of the authorised tokens to ensure that MOBU increases in value and that more resources are put into place to develop MOBU to its full potential. The blockchain is used for information that needs to be exposed. We will effectively provide detailed information and statistics about land around the globe to the blockchain with technology like https://what3words.com. (Full KYC/AML, SEC approval, authorized investors)
Regulatroy friendly crypto exchange.
If MOBU raises US $30m or more: MOBU will develop a regulatory approved security token platform for MOBU tokens. This will give all investors the guarantee that all MOBU ICO`s can be listed on an exchange and that in this way liquidity will be ensured.y.
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