RE: MOBU|| A Decentralized and Organized ICO Plaform - 205 Steem Dollars Writing Contest- My Entry
Hi buddy! :) Amazing review @ced000
from the legal perspective, there's been a very thin and obsure line between what security and utility tokens are
Indeed it's a pain in the ass and causes so much headache. ...
Good to see you taking part in this contest as well.
Please allow me to ask just few 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?
Upvote on the way!
Yours
Piotr
Good day sir Piotr, MOBU is not launching a security token but an ICO Platform that runs on a utility token to facilitate the release of regulations compliant security tokens. This is essential because real assets value can now be transfer to the blockchain, fractionalized and denominationalized... Assets such as houses, cars, real estates e.t.c
To increase value, MOBU implements this "lockup" utility mechanism to make MOBU utility token scarce and increase in value.😏
Cheers
Sir Piotr😏