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If you've been in the cryptocurrency space for a year, I'm sure you've heard about ICOs. These are investment vehicles using crypto that has raised funds of hundreds of millions of dollars for various projects. The main problem of the ICOs was the unregulated nature of their offers, which eventually led to numerous scams and failures. As a result, a new trend is emerging: STOs or security token offers.
As with ICOs, STOs allow interested investors to contribute to a project. However, the biggest difference is that STOs are highly regulated and the platforms that issue these securities must comply with stringent rules. In addition, not everyone can participate in an STO. As a general rule, the person must be a qualified investor and must also pbad the KYC audit before disbursing funds.
As with ICOs, there are different delivery platforms for OCTs. Among the most notable are Polymath, TokenIQ, Securitize, Swarm and many others. It is here that MOBU intervenes. MOBU is a platform for issuing security tokens that will allow companies seeking to operate an STO to execute it in accordance with regulatory standards. The best thing about MOBU is that they connect to the ERC20 token standard, which has already proven itself. According to their white paper:
"The MOBU abstract intelligent contract will contain the code required by the STOs to comply with the MOBU ERC20 platform and the standard MOB20 protocol to adapt to MOBU's ideas and requirements."
The particularity of MOBU is that the platform for issuing security tokens manages its own STO – STOception! By contributing to their STO, we bet essentially on the success of the platform. By investing in the STO, MOBU tokens will be returned. According to the white paper, token revenue will come from various fees billed by the platform for trading and trading on the platform. In addition, five confirmed issuers have already subscribed to MOBU.
To participate, one must be a qualified investor and pbad the KYC audit, as for most other OCS. The minimum investment required is 1 ETH, which is quite low compared to other STOs. The STO began on February 1, 2019 and will begin on April 30, 2019.
Originally appeared on STOCryptoList
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