ICO of $39 million prefers Stellar to Ethereum!
Mobius Network opts for the Stellar Lumens platform for its ICO instead of Ethereum. According to CEO David Gobaud, you can already compare Ethereum with AOL or Myspace. Up to now, Ethereum was by far the most popular platform for ICOs, but recent problems are causing companies like Mobius Network to look for alternatives.
Mobius Network recently announced an ICO to collect $ 39 million. It is one of the larger ICOs of the last few months. It is also by far the largest ICO ever on the platform of Stellar Lumens. Mobius Network only accepts Lumens (XLM) in exchange for the tokens it issues via the ICO, called Mobi.
Mobius is convinced that traditional technology companies will integrate cryptocurrencies in the future and will switch to a decentralized web. Mobius wants to flourish like Stripe. Stripe made payment integration very easy just by writing a few lines of code. Stripe is one of the most popular, unlisted, technology startups.
Stellar is an undiscovered diamond!
The project first started on the Ethereum platform, but the second largest cryptocurrency in the world is struggling with problems; there are delays in the transactions due to the lack of scaling and the costs which varies a lot. This is why Mobius Network decided to switch to Stellar.
CEO David Gobaud said:
"We realized there was no way ETH could handle our technology. It was too slow, too expensive and too insecure. We see all a lot of other projects having immense problems "
My opinion
Stellar is going to grow massively this year, make sure you buy some before it's too late!
This is already my third article about Stellar Lumens in a very short time, it seems like the good news for this cryptocurrency just keeps on coming!
Check out my previous articles about XLM here:
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Disclaimer: I am not a financial adviser nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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MAXIDIGI
