At first, it was bitcoin. The revolutionary decentralized peer 2 peer digital currency that fundamentally disrupted the financial industry. The cryptocurrency was faster, cheaper and more secure to operate than any other in the world. Then came Ether with its Ethereum blockchain platform. This platform essentially allows others to create their own chains that run off the main net, giving a Launchpad to start their own tokens.
With the ability to easily create tokens and distribute them, using the Ethereum main net to piggyback, hundreds of platforms came into the market. Each with a unique idea, claiming to be the next big thing that would become the de facto choice of crypto in the future. With hundreds of coins and tokens in the market, it essentially became a cutthroat game.
MOB20 is the MOBU token. This token creates a value that is used within the Mobu platform itself. This is a very crucial point since this means that the MOBU token cannot be used as a means of value exchange outside the platform. Essentially, the MOBU token is a utility token, only facilitating the activities within the MOBU ecosystem.
The token will be available for a standard price of USD 0.15 per token with a soft cap of USD 1 million.
The MOBU EcoSystem
The MOBU platform consists of seven distinct entities, all working together to create the architecture of the platform:
Based on these, the economics of the platform is very straightforward: An issuer proposes an ICO, Legal Representatives fill in tenders to handle it. Issuer selects the best tender and the security goes into ICO stage.
An investor wishing to buy the securities must first go through a KYC verification. This is a one time process and does not require repetition. A validated investor then can buy the security tokens. The investment money can come directly from approved banks.
After the securities have been bought, they can be held for coupon/dividends or traded with other credited investors.
In all these, the MOBU token plays an important part by being a utility token that can be used to buy and trade securities on the platform, thereby bringing the traditional methods of floating and trading securities into the digital blockchain age.
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