ICO Analysis: MOBU
Published on November 11, 2018
By Joshua Larson
Proof:
https://hacked.com/ico-analysis-mobu/TeamMostly from South Africa, 12 members of the management team are listed. As a whole, they seem good, but not great. Here are a few that stood out.
Juan Engelbrecht Founder/CEO. Also founded Zaber (a large South Africa crypto farm) in 2015. He spent 2 years as Director at Khalifa Capital. Has been Director at Evolve Fund Managers since 2013.
Paul Pelser CFO. He spent 17 years as an accountant for PSP Pelsar Accountants. He has been the owner of Pregal Mining for the last seven years,
Paresh Masani Blockchain/security engineer. He spent three years as Mobile Platform Exec Director at Goldman Sachs, London. Senior Director at Thomson Reuters and ETX Capital.
A total of 12 Advisors, and two are from Realstart.com, a custom software development company. At least six of them are ICO experts and three are blockchain enthusiasts.
VerdictThis is an extremely attractive project andnd it looks like the hype/demand for this token is there. They already raised $3 million in the pre-sale, and are asking for just $6.5 mill more in the public sale.
Being a front-runner in the cryptocurrency space has proven to be a beautiful thing. When we asked CEO Juan Engelbrecht, who is your nos 1 and 2 competitors, he named Securitize and Polymath. Polymath has a $75 million market cap.
Risks Pretty much crickets in their GitHub. Twelve followers. -1
No MVP out yet. They provide this video of what the MVP will look like, though. -1
Non-accredited investors from the US are banned from using the platform. This is the opposite of a risk but gets a minus nonetheless. -1
Their Blockchain Engineer, Paresh Masani (Goldman Sachs and Barclays) is a stud. But the rest of the team and advisors seem pretty average. -1
At this point in time, no major exchange is going to list the security tokens birthed from MOBU. When asked about this in Telegram their CEO said, LA token has a security token exchange division. Also, MOBU is securing equity stake in an operational stock exchange. GBAX and Tzero will also have security token exchanges available soon. -0.8
Growth Potential They already have a Chrome and Gold mining business signed up to tokenize through MOBU. +2
The $9 million hard cap leaves all kinds of room for gains.+3
120 million tokens is all there will ever be; 100% of them will be sold in the ICO. +1
MOBU will develop a First Forex Percentage Allocation Money Management Account and will retain 20% of the authorized tokens to put back into the development of the MOBU Platform.+2
From the company: MOBU token will be available on most exchanges such as Bancor but have already been approved by COINEXCHANGE, CRYPTOPIA, IDEX, GET BTC, HitBTC, LIVECOIN and YoBit.net.+2
Although most of these reviewers have lost credibility over the last year, their strong scores prove the hype train around this project is real. +2
DispositionWe usually dont cover ICOs post-pre-sale, but this one is an exception because its still an attractive deal. The pre-sale bonus was 25%, and if you are fortunate enough to get into this crowdsale the bonus will be 20-25% depending on how early you get in. After that, the sky is the limit for MOBU. 7.2/10
Investment Details Symbol: MOBU
Platform: Ethereum
Total Supply: 120,000,000 (120m)
Presale: 25% bonus. ended Sept 15 Soft Cap reached
Public Sale: 5-20% bonus. Dec 1st- Jan 30th (or until cap is reached)