Every once in a while there comes a revolutionary technology that changes the way organizations work. The internet was a major boon to the technical world -- for the first time in the history of human kind, internet has made it possible for people to connect with each other seamlessly. Connectivity ushered in a new era in the world of information and technology. Similarly, like the internet, blockchain is another revolutionary game changer that is changing the way how data and value is transferred using the internet. The blockchain provides a transparent, secure and decentralized way for exchange of information through the internet.
Based on the blockchain platform, a number of cryptocurrencies have been created to address some of the problems faced by the current technical industry. Cryptocurrencies have revolutionized the financial space with the first such digital token that can transfer information over the internet without there being any scope for fraud or hacking. Bitcoin was the first cryptocurrency. Thousands more have followed since, each with its unique set if properties and features.
The Problem:
All the cryptocurrencies are launched through an Initial Coin Offering wherein investors can invest their money in the project and in turn own a fixed number of coins. However, many organizations have started misusing the real use of Initial Coin Offerings and often end up looting the investors of their hard earned money. This practice needs to be checked and ICOs has to be regulated by a decentralized body. The main aim here is to keep a check on each of the Initial Coin Offerings through a well defined controlling body that can be trusted upon by the normal investors.
The Solution:
The Mobu Project aims to solve all the problems associated with the ICOs. It will act as an independent body that will monitor ICOs that are launched through its platform. All the ICOs will be tested, analyzed and rated by in-house as well as external auditors as well as reviewers. Audience can use this precious information to evaluate their investment decisions. This will push the cryptocurrency market from the fringes of the society to the mainstream adoption by financial institutions. This will also address the issues of theft that ICOs are known for and have received negative attention in recent times.
The team and the ICO:
The team leading the project aims to fund the initial development, maintenance and general outreach through an Initial Coin Offering (ICO). Investors can buy the official token by participating in the ICO. The token will be used for all transactions performed across the ecosystem. Investors can exchange their tokens for other cryptocurrencies through major exchanges. The token is based on the Ethereum blockchain and is a standard ERC 20 token. Investors can claim their share of profit from the mining pool through a small investment in the Initial Coin Offering (ICO).
The team has multiple years of experience across several sectors. The board of advisors to the project bring in world class strategy to the project. Together, the team can easily deliver on what it has promised. It will usher in an era of unprecedented growth in the already booming cryptocurrency and blockchain space.
Conclusion:
The Mobu Project will change the face of the initial Coin Offerings forever. This will benefit not only the investors but also the blockchain space as a whole. It will put cryptocurrencies in the limelight -- attracting institutional financial money into the projects. I truly believe that this is one of the top projects to watch out for in the blockchain space in 2018!
Website- https://mobu.io/
Whitepaper- https://mobu.io/assets/mobu_whitepaper.pdf
Published By- Kishan748
BtalkProfile- https://bitcointalk.org/index.php?action=profile;u=1027561