"205 Steem Dollars Writing Contest- My Entry"

in #busy6 years ago (edited)

This is my entry for the sponsored writing contest organized by @monajam. You can find the contest here: https://steemit.com/contest/@monajam/205-steem-dollars-writing-contest-mobu

FIRSTLY I WOULD LIKE TO EXPLAIN SOME THINGS TO ALL OF YOU! :)

WHAT IS A SECURITY TOKEN ?

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A security token is a portable device that authenticates a person's identity electronically by storing some sort of personal information.
it is subjected to federal securities regulations and there value is derived from external sources(like exchanges) and thus is considered as an investment!

SECURITY TOKEN VS UTILITY TOKEN

SECURITY TOKEN:

  1. Ownership rights
  2. subjected to federal securities regulations
  3. With an expectation of profits
  4. Investment of money
    EXAMPLE: POLYMATH

UTILITY TOKEN:

  1. No ownership rights
  2. not subjected to federal securities regulations
  3. with an expectation to satisfy needs through a company’s product or service
  4. not designed to be an investment
    EXAMPLE: FILECOIN

WHAT PROBLEMS ARE FACED BY SECURITY TOKEN ISSUERS?

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As every ico is focused on increasing the price of their tokens, the buyers of these tokens consider it as an investment and thus making these ico's to be viewed as securities.
As all ico's are not regulated, they can be severely fined as a penalty and the project might even get derailed by SEC for this fact.

MOBU - THE FUTURE OF SECURITY TOKENS!

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MOBU is a self-regulating decentralized platform for launching security token ICOs.As an organised ICO platform MOBU offers a complete blockchain solution about all the procedures required when offering security tokens to the cryptocurrency community.
Mobu smart contracts will be utilized on Ethereum but can also be used on other blockchains.

BUT HOW IS MOBU ADVANTAGEOUS?

  1. MOBU offers KYC, AML and SEC approval and thus comes under regulation and can't be havily fined like other ico's in near future.

  2. By being regulated, it offers bank support to investors which is really a revolutionary thing in crypto world!

  3. MOBU also offers escrow services which means will allow the investors to exit the ICO after the crowdsale and get refunded if the project does not workout or follow the roadmap as stated! thus being a great platform to trust and invest in ico's andmaking it much less risky!

  4. Security tokens created and issued in Mobu platform can be traded on decentralized exchanges only by verified and authorized users, thus providing maximum security to both the investors and the token issuers.


these are some of the well discussed points of mobu.
wanna know more about MOBU?
here is the site link: https://www.mobu.io/
whitepaper: https://www.mobu.io/assets/mobu_whitepaper.pdf?80172489074
medium: https://medium.com/mobu-io
twitter: https://twitter.com/MobuICO
linkedin: https://www.linkedin.com/company/mobuico
icobench: https://icobench.com/ico/mobu/team

SOURCES USED :-)
https://www.mobu.io/
https://www.google.ca/
.
did you liked my post? do upvote and follow, it really helps :)
WISH YOU SUCCESS

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thank you for commenting :)

You have written a very good article....hope you will win the contest.

thanks a lot for this wish my man :)

great article brother. Keep sharing good content like this.

thanks my man, i will surely do ! :)

Can you give some more info about security thing?

for sure, i am gonna make another post on security tokens and it's function and how it can be hacked very soon!
thanks for commenting :)

Great piece of work, @jatinkkalra

But I need to ask you some question?

So far it seem that MOBU is 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! :D

Yours
Piotr