INTRODUCING MOBU: SECURITY TOKEN AND ICO REVOLUTION PLATFORM | 205 Steem Dollars Writing Contest- My Entry

in #crypto6 years ago (edited)


This is my entry for the sponsored writing contest organized by @monajam. You can find the contest here.
mr donnest2.png

INTRODUCTION

The crypto world in recent time have become successful in the business world, aviation, academic, health and banking sector. Tons of blockchain technologies rolled out programs that aimed at eliminating real life issues.

Many used the bitcoin’s open sourced protocol, while others were different in their origin and setup. The beauty of blockchain technologies is in their reward system, you don’t spend time using them without getting value of them, hence the token system seen in most blockchain technologies

These tokens are assets that clearly represent the value and market capitalization of the company. To further explain this, token is a reward system a blockchain technology can use to sustain and engage its users, it can also be used as a stake in a blockchain technology

Some tokens if not all can be used as a means of payment across different online and recently offline stores. Tokens however became so valuable in the blockchain technology that its use cannot be over emphasized.

Often times when a token is being created by a blockchain technology, it distributes it in the form of ICO (initial coin offering). The essence is usually to market the product, make the public aware of it and also offering value as well.

Since tokens can easily be created, you could notice how fraudulent many projects hinged under it have become. SEC ( Securities and Exchange commission), a body that controls financial profession activities, secure transactions and monitor trading in general stepped in, they stepped in to avoid and reduce fraud and deceit of any kind.

Their rules however was not favorable to a whole lot of companies, some of these rules includes:

  • Extensive KYC and AML validation status

The Know your customer verification (KYC) is one way they use to check mate and know individuals behind the program, and also validate their reputation in the blockchain process. Recently, money laundering through the use of blockchain technologies have become a thing of worry. Since little restriction is placed on funds transfer using the blockchain, SEC uses a flow system verification before a token is being set up.

  • Checks on transfers which must be dependent on the investor, volume of transactions, and others. This has frustrated a whole lot of technologies that have malicious ideas

These checks, verifications led to the establishment of SECURITY TOKENS

SECURITY TOKENS

Security tokens are secured financial investments subject to the rules and regulations of the governement. In other words, they are tokens that meet the SEC standards.

Before a security token is made available for use, it usually becomes registered during the ICO of the blockchain technology and participants by rule and cohesion are expected to abide by these rules
Security tokens are like investments and investors profit from it whenever there is an appreciation in the market value.

UTILITY TOKENS

Utility tokens are a bit different from the security tokens, they are usually used as capitals for development of a blockchain projects. They are basically not investments when compared to the security tokens , they could be regarded as App coins or user coins.
Utility tokens are required for the maintenance and running of the blockchain projects, they are used to pay for network fees and also optimize network load

ADVANTAGES OF SECURITY TOKENS

  • Reduced and subsidized fees
  • Broad investors
  • Less risk of fraud and deception by institutions
  • Large and easy market reaches.

DIFFERENCE BETWEEN THE SECURITY TOKENS AND UTILITY TOKENS

Security tokensUtility Tokens
Security tokens are used to transform companies liability into a token represented on the blockchainUtility tokens are used to pay for network fees, optimize network load and fund development projects
Security tokens are usually established for investments and are profit orientedUtility tokens are basically not for investements, they just fuel the blockchain
Security tokens meet up with the SEC requirements and are subject to government regulationWhile utility tokens are clearly established without the mandate and requirements of SEC

INTRODUCING MOBU AND ITS ROLE IN THE ESTABLISHMENT OF SECURITY TOKENS AS WELL AS SOLIDIFICATION OF ICO RELEASE PROJECTS

donnest images.jpg
Mobu is a decentralized, smart contract platform that will facilitate the release of security tokens during ICOs. It has incorporated KYC, AML facilities that will ensure smooth and hitch free set up processes by users, Mobu has eliminated the existence of third parties and ensures direct relationship between users.

There exists fees reduction scheme aimed at helping intending ICO projects. This blockchain is established in a such a way that even people with little knowledge and experience can easily find value in it.

It ensures the presence of middle men is limited. More so, Top notch trust and confidence can be seen by the use of Mobu through the security tokens, fear of fraudulent ICO launch is being eliminated and only authorized investors are permitted to participate and use the blockchain.

ICOs with funds issues can pitch their tent on the Mobu blockchain and get to benefit from the amazing riches of the platform

WAYS Mobu WILL STABILIZE THE BLOCKCHAIN AND RESOLVE PROBLEMS THEREIN

  • Elimination of middle men
  • Reduction of fees for developers
  • Enhanced trust and confidence through its verifications\
  • Ensuring safety of the interests of investors
  • Establisment of tokens to engage and benefit users.

MOBU TOKENS]

MR DONNEST.jpg
MOBU has a token that is built on the ERC20 Standard, this token can be exchanged for in other blockchain technologies

Like I mentioned earlier, the token serves as a reward system for users of the technology, which will benefit all participants.

There also exists a referral reward system for institutions and people who can bring in ICO intended developers.

Airdrops have been mapped out alongside bounty programs, indeed mobu is out to revolutionize the blockchain technology

MEET THE TEAM

road map.jpg

ROAD MAP

meet the team.jpg

CONCLUSION

I believe the fraudulent ICOs being experienced will be resolved by this platform, security tokens from all looks of things will be greatly adopted

Just as the presence of middle men are eliminated, trust and confidence is assured therein. Also, the incentive it offers users as regards cost of set up has set MOBU high on the charts, with time, they can only get better and fully dominate.

Reference
All images were sourced from

Mobu Website and

Mobu Whitepaper

VIDEO

Sort:  

great token and i hope it will help to reduce ico scam and our crypto industry will touch the moon and change the world : )

Congratulations @donnest! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - The results, the winners and the prizes

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Good morning @donnest

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

@donnest, I'm waiting for the continuation of the topic

Congratulations, This Post was upvoted using the Steemjet Community Account By the Steemjet Curation Team.
Keep publishing quality posts using the steemjet tag to earn curation rewards.
QmVTbUtJQWGgP4isf1naKkfiMuSF7ekbfedvv4Pqmm6wXM.png

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Donnest from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Coin Marketplace

STEEM 0.22
TRX 0.28
JST 0.042
BTC 104621.15
ETH 3895.38
SBD 3.29