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RE: Owning Company Securities On the Blockchain Introducing Mobu 205 Steem Dollars Writing Contest- My Entry
Good morning @cryptouno
You mind if i ask you some question?
MOBU seem to be one of very few ICOs that are completly launched as security token. I wonder why. Wouldn't it be better to come up with some utility to their tokens and launch ICO as a utility token?
And also how will they maintan the price? Does MOBU offer Masternodes or POS to attract hodlers? If I cannot use those tokens and on top of that if there is no POS/masternodes introduced into their structure ... then what would make price go up or at least stay on stable level?
Great post. Upvoted already.
Yours
Piotr
Hey @crypto.piotr I am posting this here as well. I hope that it is informative.
These are excellent questions. Their goal is to create a NASDAQ ecosystem that is fully regulated and runs on a blockchain. The token is for companies that want to reach out to investors using an immutable technology. The value will be derived from at what price the token is being traded at on exchanges. Confirmed exchanges are Coinexchange, Cryptopia, GETBTC, HitBTC, IDEX, LIVECOIN, and YoBit. Please never use YoBit it is a horrible exchange with high fees. These are some exchanges that will open trading do they have goals to get listed on more exchanges. The value will also depend on businesses adopting the token to offer to investors. I read the whitepaper(https://www.mobu.io/assets/mobu_whitepaper.pdf?80172489074) and there was no mention of their Masternodes or if people would be able to run a node and mine. They are in the ICO phase and have have outlined how their token will operate. If the community could download, run nodes, and mine that will secure the network and create digital jobs. Mobu contracts are SHA-256 encrypted so it is only logical that they would need people to run nodes and mine data to secure their network. At the moment their roadmap does not mention their plans for their nodes. If you would like you can send them a tweet at https://twitter.com/MobuICO. I think community ran nodes is an excellent idea and with SHA-256 people with miners can just jump in.
hi again @cryptouno
small advise: try to use enter every now and then to make it easier for readers to go through your valuable comments :)
Yours, Piotr
Ok will do.It does look clumped together.