MOBU 205 Steem Dollars Writing Contest- My Entry
In this 21st digital world of Cryptocurrency and blockchain varsity which seems to be spreading its availability across the continents with its efforts to be as flexible and durable as possible, whereby the cryto tokens happens to get more universally acceptable because of its benefits. These tokens is still not without it's own major problems that are being faced by the developers. While many Crypto Token projects have delivered on their objectives during the ICO stage, others have done wholefully bad. Therefore, it is of great necessity for prospective investors to be able to identify the kind of tokens to invest their resources on.
What are Utility tokens:
User's tokens and digital coins represent the payment of the future which individual or companies worldwide can key into at this present times and era, this tokens are what serves as investments which are nurtured until it is matured and they are not restricted or limited by federal government laws that governs securities converting the tokens into units that can be purchasable.
If a crypto token derives its value from an external, tradable asset, it is classified as a security token and becomes subject to federal securities regulations.
Note: This utility token is different from a security token simply because unlike the latter, it is limited by federal securities regulations which gains its reputation from being traded as assets externally. An example of an Utility Token is the Byteball which seems to be gaining a lot of attention in the crypto world presently, but hey! that's not why we are here of course so as to not derail from the major point.
There is need for investors to make sure they are aware that their resources are being managed and used by competent teams who transforms it into what the future needs. Naturally, to know if an investment is going to spring forth profitable result, it is majorly due to the team behind its existence, their plans which are are geared towards the implementation of the project makes it imperatively successful.
Now, one needs to ask this major questions if you plan on investing in profitable Tokens and the cryptocurrency world in general to be sure the investment doesn't go down the drain.
- Does the Team stands well in respect to having a good record and reputation?
- Can they deliver on what they promised in their investment portfolio?
-Is their plan of distribution well strategise? - Have the teams had any achievements in time past?
- Which qualities do their advisers and partners have?
*These questions among many others need to be answered to be sure of what one is investing in. For the purpose of this paper, i can tell you that there is a team that can be asked this questions and you will find them well qualified and certified for your investment, and they are called MOBU!
MOBU being a decentralised blockchain platform which seeks to be different from other blockchains because unlike others, MOBU tends to solve various issues in a multi-trillion-dollar securities market, It is a platform whose ICO is used for launching compliant security tokens.
According to the MOBU Whitepaper, the token allows value created in the system to be captured by the system itself. Just as almost all countries have their own currency, requiring these transactions to be in MOBU sets up incentives to remain in the system.
MOBU'S TEAM
MOBU's vision is majorly aimed at connecting validated investors and security tokens ICOs without making use of the middlemen. Its unique features among many others includes restrictions of tokens to verified users by deploying a network of authorization centers for KYC/AML compliance, introduction of a new innovative method of escrow services to ICO's, strengthening investor's protection by various means.
The Mobu's team offers KYC, AML and SEC approval, bank support to investors when fiat is being converted to crypto and smart contract development, facilitating all other processes that are needed to raise funds. Mobu's platform also tends to offer non-tech companies various opportunities that are available in order to expand their businesses by launching security tokens. The platform solves the problems being faced in the crypto-world by developers who are still ignorant and uncertain about all the ways which are required when offering security tokens to the Digimoney world, giving them various opportunities to legally raise funds via Mobu's.
One thing is certain about the Mobu's platform is that with the team being head by Juan Engelbrecht among other competent individauals backing it up, by the year 2020, the project will definitely become a great investment which everyone would want to be a part of, so i will urge every prospective investors to not stand on the sideline at this point but to put in all resources and be sure that your investment is in safe hands.
To Know more about the network, Visit the following resources:
Mobu Website
Mobu whitepaper
Mobu Medium
Mobu https://twitter.com/MobuICO
Mobu LinkedIn
Mobu Team
"This is my entry for the sponsored writing contest organized by @monajam. You can find the contest here"
https://steemit.com/contest/@monajam/205-steem-dollars-writing-contest-mobu
Good morning @pholarinwha
You mind if i ask you some question?
MOBU seem to be one of very few ICOs that are completly launched as security token. I wonder why. Wouldn't it be better to come up with some utility to their tokens and launch ICO as a utility token?
And also how will they maintan the price? Does MOBU offer Masternodes or POS to attract hodlers? If I cannot use those tokens and on top of that if there is no POS/masternodes introduced into their structure ... then what would make price go up or at least stay on stable level?
Great post. Upvoted already.
Yours
Piotr