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Bitcoin Press Release: MOBU is launching an all-in-one platform that enables blockchain developers to develop and issue security tokens, legally, compliantly and with ease.
July 17th, 2018: A majority of tokens issued through initial coin offerings (ICOs) are not securities; this classification of digital coin comes with some rather strict regulations which if not managed properly, can cause damage to the issuers project in a number of ways.
Traditionally securities are financial instruments that bear some monetary value and are considered as stocks, representing rights to ownership or part of a company. Tokenizing those assets comes with some difficulties - launching an ICO that offers a security is challenging due to the technical, legal and regulatory requirements. As a result, ICO operators tend to stay clear of issuing security tokens.
MOBU is offering a solution that takes on these challenges because there are significant advantages to security tokens, and furthermore, it is expected that they will dominate the blockchain market in 2027, especially if sufficient regulatory frameworks are in place.
Businesses who wish to issue security tokens will build their ICOs on the MOBU platform; MOBU bridges the gap between the securities marketplace and the blockchain, and it facilitates the release of fully compliant security tokens for all businesses backed by real assets.
Furthermore, it creates an ‘abstract smart contract’ from which all security ICOs will be extended; this contract is coded to allow for these ICOs to conform to the MOBU ERC20 platform and MOB20 standard.
The MOBU token is a utility token that powers the MOBU ecosystem, it’s an open protocol token, which can be freely bought and sold on supporting exchanges. The tokens are utilized by users of the platform which include but are not limited to ICO issuers, Developers, KYC Providers, Investors and Legal Representatives.
Visit the Website: https://www.mobu.io/
Read the Whitepaper: https://www.mobu.io/assets/mobu_whitepaper.pdf?80172489074
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Last modified (UTC): July 31, 2018 9:38 PM