Security tokens may become a main stream in a short term because utility tokens didn't show the real mass adoption while a long time that they exist, but honestly i'm doubting that this platform and these people can do this with a high quality.
May be you are right. But all this security tokens must have approval from SEC? Which type of tokens Mobu? Security as well?
Mobu will be a utility token, but the platform will be used to launch security tokens
Can you explaine how their can issue security tokens? Does they have approval from some regulators like SEC for issued security tokens or they going to get lisence for this? And why they are not a security tokens? As far as I know different between utility and security tokens in allow from SEC etc.
MOBU will support Reg S, Reg D, and Reg A+ compliant security token offerings, and with the incorporated ability to select experienced legal council across multiple jurisdictions within the platform, token issuers can be sure they can create compliant security tokens within their local jurisdiction. The MOB20 protocol will create a set of rules that govern the issuance of security tokens, and program them into smart contracts on the ethereum blockchain so they are transparent and immutable.
Seems security tokens is a new mainstreem branch in crypto... Can you explaine what means Reg S, Reg D, and Reg A+ ? MOBU projects wil help future projects in law question with creating security tokens? MOBU tokenholders will be able to invest in this project with MOBU tokens? They will have some discounts?
Hi there! The MOBU token is the core utility token that powers the MOBU system.
The MOBU platform will consist of:
Companies/Issuers - those who wish to sell security tokens
Developers - to create or review ICO contracts for security tokens, they will earn MOBU but are locked up for a minimum of 3 months after the end of the ICO
KYC Providers - validates participants. They pay to join the platform and earn from validating participants.
Investors - individuals or institutions wishing to buy or trade security tokens, they are required to pay fees to KYC providers for verification but once verified, they will be filtered out to the ICO they are qualified to participate in.
Legal Representatives/Lawyers - paid in Mobu to tender issuance and are selected by the issuer to take responsibility for the issuance.
Banks - to convert fiat to crypto and to act as escrow providers
These are all in the whitepaper, I suggest checking it out. Here's the link: https://mobu.io/assets/mobu_whitepaper.pdf
As for the regulation questions, here's a good site to learn about it: https://www.investopedia.com