At the moment, most digital tokens issued during the ICO are not securities, since the issue of tokenized shares entails the implementation of strict rules and regulations established by the securities regulator (SEC).
In traditional markets, from a legal point of view, a security can be considered a title of property rights, and also as movable property. Meanwhile, from an economic point of view, a security is a representative of capital.
At present, the tokenization of securities entails certain difficulties: launching ICO on tokenized shares is a rather difficult task due to the need to carefully work out a whole range of technical, legal and regulatory requirements. As a result, most ICO projects avoid issuing security tokens and sell conventional digital coins (“utility tokens”) during crowdsale, the value of which is not backed up, and also does not give any rights to its owner to participate in the activities of the blockchain startup.
And even if some blockchain projects do go through many complicated procedures to confirm their reputation, there is still no thorough and general approach to this issue. This is the problem that the creators of the MOBU project aim to solve.
What is Mobu?
MOBU is a comprehensive solution designed to resolve all technical, financial and regulatory issues for companies conducting ICO, and helps in organizing for companies that issue their own tokens. If companies do not have enough tools and experience to issue tokens, then MOBU will provide everything necessary. This approach helps to bridge the gap between the traditional securities market and the blockchain.
To increase liquidity of tokens, access to trade and participation in ICO will be granted only to accredited investors, which will increase the investment attractiveness of tokens and ensure the protection of investors’ funds.
MOBU plans to deploy its own network of authorization centers to meet the requirements of KYC / AML and SEC. Service providers, developers and ICO projects will undergo rigorous testing and must meet all MOBU criteria. The project supports issuers and investors, and also creates conditions to simplify all necessary procedures that they need to pass through.
Despite the presence of several players on the market, the competition for the MOBU startup is healthy, since the securities market, including private capital, debt, derivatives and venture finance, has a huge capitalization and is just beginning to migrate to the world of blockchain and digital currencies. Also, due to the fact that the problem of releasing security-tokens is quite relevant, the MOBU ecosystem should be very much in demand in the market
MOBU ICO will be held in two stages: presale (September 1–15, 2018) and main crowdsdale (from December 1, 2018 to January 31, 2019).
Website: https://mobu.io/
Whitepaper: https://mobu.io/assets/mobu_whitepaper.pdf?80172489074
Telegram: https://t.me/mobuCHAT
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4795544
