What was the situation after the ICO? Did they promise to burn the rest of the tokens or did they announce the possibility for an IEO?
they stopped the ICO because the funds collected were few and chose to look for private investors, but I don't know why now they chose to hold the IEO
But I personally want to ask also whether the decision by stopping the ICO is the right decision or not and maybe only the team can answer it but I also want to see answers from others
Just like we have seen happened to some projects that organized ICO and yet switched to IEO, I think Mobu is also experiencing the same. He market seem not to be that favourable for ICO generally.
Also, Mobu has not been able to come out with reports on whether they got more private investors or not and I think with the decision to organize an IEO, it !eams they are in need of more investors for the fundraising.
Hi dear community,
We will raise capital via Entoro as mentioned and planning an IEO. The legalities for Entoro platform is a lengthy process, please remain patient.
We are in talks with various exchanges but trust us very few of them raise actual capital. We need to consider the liquidity afterwords and effect of price. We are acting in your best interest.
Also on the note of Yaros Belkin`s article, please see our factual response:
https://medium.com/@MOBU/factual-response-to-yaros-belkins-media-spectacle-b41bc9b37ba6Thank you for your understanding and patience
MOBU Team