MOBU is the end-to-end solution for companies to in a user-friendly manner comply with the global security token market. MOBU is a competitive ecosystem/marketplace that implements a unique protocol standard called MOB20 which allows for a worldwide security token approval and investor protection. 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 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. 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. 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.
WHAT IS A SECURITY TOKEN (TOKENIZED SECURITY)?
If a crypto token derives its value from an external, tradable asset, it is classified as a security token. These tokens form part of an investment contract since the investors expect future profits in the form of dividends, revenue share and price rises.
WHY SECURITY TOKENS INSTEAD OF TRADITIONAL SECURITIES?
The tokenized security market is a 24/7 marketplace
Middlemen like banks are cut outFees are lower
Transactions are instantaneous
Investors all over the world have access
Small investors are able to participate (fractional ownership)
The market determines valuations
The service provider function is automated
Transparency leads to reduction in company corruption and manipulation
A security token start-up can be a legal, technical and regulatory nightmare.Different jurisdictions have different rules.Failure to abide by these regulations could result in costly penalties and could threaten to derail the whole project. Cryptocurrency developers are hesitant and unsure about all the procedures required when offering security tokens to the cryptocurrency community.There are many unauthorized investors and invalidated security tokens entering the blockchain space.
THE MOBU SOLUTIONMOBU’s decentralized organised ICO platform offers the following solutions:
*bridges the gap between the securities marketplace and the blockchain
*facilitates the release of compliant security tokens for all businesses that are backed by real assets wishing to raise capital on the blockchain
*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
*provides clarification and certainty to both the investor and the issuer in terms of expectations and rights
*restricts tokens to verified users:
*provides an ecosystem with a vetted tender process with strict criteria (rating system) for service providers in terms of track record, pricing, capital requirements, etc.
*deploys a network of authorization centers for KYC/AML compliance
*deploys a network of authorization centers for SEC approval for securities (reg CF, reg 504, reg 506(b), 506(c))
*deploys a network of authorization centers for a new standard “Know Your Supplier” (KYS) for due diligence (DD) compliance for legal providers, smart contract developers, KYC/AML providers and escrow providers
*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#ensures higher overall ROI for investors#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:#limiting certain sales to accredited investors#providing bank support in safe-keeping the proceeds of security token ICO funds in a decentralized escrow account#provides bank support to investors by partnering with commercial banks giving them the guarantee that banks will not block transactions when fiat money is converted into cryptocurrency
*creates a network of confidence and trust that will boost economic efficiency and incentivize community growth*implements technical specifications and applications like private investor portals/accounts
*provides legal support
*saves data during the validation process: allows records related to the security in question to be validated without validating all other blockchain data that is unrelated, thus reduces the validation from hundreds of gigabytes of data to a fraction of that amount
*creates a regulated environment where transaction costs are managed and kept market related
*allows voting rights and dividends in tokenised form for ICO`s
*prevents high-profile hacks by isolating the storage of each security offering
*enables a more efficient and scalable system
*ensures continuous liquidity and exchangeability for investors
1 Amazix https://www.amazix.com/
2 Belkin Marketing http://belkinmarketing.com/
3 Luna Labs http://lunalabs.tech/
4 TokenSuite https://tokensuite.io/
5 Cryptob2b https://cryptob2b.io/
6 AXIS Legal Counsel https://axislegalca.com/
7 Barnard INC Attorneys https://www.barnardinc.co.za/
MOBU DETAILSMOBU ICO
Details Token name : MOBU
Standard Price : 0.15 USD
TOKEN ALLOCATION:Team Tokens (frozen for 1 year) 12%Bounty 3%Advisors 4%Fundraising 80%Airdrop 1%TOTAL 100%PRE-ICO (Round 1)
Minimum pay 1 ETH
Permanent bonus 25%Duration 15 days
From 1 September 2018 11:00:00 UTC To 15 September 2018 11:00:00 UTC Softcap US $0 in ETH equivalent (total for all currencies)
Hardcap US $20 000 000 in ETH equivalent (total for all currencies).MAIN ICO (Round 2)Minimum pay 0.1 ETH or equivalent in BTC or FIAT
Fundraising ETH, BTC or FIAT
Bonus 20% – 0% Duration 60 days
From 1 December 2018 11:00:00 UTC To 31 January 2019 11:00:00 UTC Soft cap US $1 000 000 in ETH equivalent (total for all currencies)Hard cap US $35 000 000 in ETH equivalent (total for all currencies)