INTRODUCTION
The digital world is evolving, with technological advancements and new innovations that pops up every day. The blockchain is richly saturated with different technologies of trading and digital currency storage. This has however reduced to relevance of FIAT currencies as most of the transactions done online is handled with the domestic cryptocurrency tokens like the bitcoin and the ethereum. Meanwhile, digital platforms and ICOs are launched every day. Record has it that the first quarter ICO launch in 2018 raised about %3.4 billion in total. The ICO system was able to realise that much because of the cost effectiveness, compared to the IPOs. Even with the figures mentioned, there are still a whole lot of money untapped in the security market. These financial lock up in the security market is due to the technical and legal difficulties that accompany security token start up. The several legal constraints and other challenges that accompany security token start up have gained the attention of a reputable number of veteran technologists who have come together to establish a platform to unlock this opportunity with ease. Do not worry, I will tell you all about MOBU.
MOBU EXPLAINED
MOBU is a decentralised ICO platform that anchors the issuance of security tokens. The platform aims at relieving the ease of the numerous legal constraints in starting up a security token. With the different regulations of different countries like KYC and SEC 506 C reg D approval and other protocols like FSB CIS CAT 2 licensing in some countries in Africa, it becomes very tiring in security token fund raising. MOBU however offers a partnership which will enable cryptocurrency developers to be able to pass through the process with utmost convenience. This initiative however unlocks opportunities as the system is self - regulated.
OTHER BENEFITS OF MOBU
The MOBU decentralised ICO platform is designed to bring lots of benefits to cryptocurrency developers and to the digital world at large. Some of these benefits are outlined below:
MOBU CLOSES THE GAP BETWEEN THE SECURITY MARKET PLACE AND THE BLOCKCHAIN
MOBU aims at building a bridge that is robust enough to link the security market place and the blockchain. The decentralised organised ICO platform offers a variety of solution to cryptocurrency developers. The system however offers assurance and certainty to the investors and the issuer when it comes to rights and expected returns.
MOBU CARES ABOUT YOUR SECURITY
Security tokens that are issued through MOBU is programmed in a way that it verifies the eligibility of buyers and sellers of tokens. The system places a restriction on addresses that are not verified, restricting token holders from doing transactions with unverified addressed. This however leaves the tokens of participants in the hand of authorised investors. All these are done in order to provide ease, speed and convenience in trading, even with a very cheap fee.
WHY MOBU? WHY SECURITY TOKENS? WHY NOT THE GOOD OLD WAYS?
The technological advancements in the digital world have influenced the cryptocurrency market and have also caused a huge evolution over the years, some of the reasons why it outweighs the old fashioned system is discussed below:
MOBU IS CHEAPER AND ELIMINATES INTERMEDIARIES
However, MOBU is a tokenised security system and the tokenised security market that is designed to boost the traditional financial market in numerous ways. The platform offers lower fees as the system is decentralised and eradicates the middle men like bankers and also the services of lawyers as the system is embedded with smart contracts and operation automation.
ZERO FINANCIAL MANIPULATION
The system however gives no room to manipulation which is often done by some financial institutions. The system is automated and has a very minimal human influence. With the automated smart contracts, it becomes really difficult for a third party to have any influence in financial deals,
CONCLUSION
MOBU aims at bringing the security market place and the blockchain together, integrating security, ease and convenience in the issuance of security tokens. This is another development in the cryptocurrency industry and the digital world at large. The MOBU platform aims at opening up opportunities in order to tap into the untouched security market which is virtually untouched in the blockchain space.
