As I understand it, Mobu will allow users to create security tokens which conform to regulations? And are these tokens only ERC20? I'm also wondering what else does the Mobu platform offer to users beyond that?
Hello Storeplex,
You are correct. A major benefit to using MOBU to launch security tokens is that regulations can be edited into the software, and easily updated to meet all existing regulations as well new requirements down the line.
These tokes will be ERC20 tokens, but will also use the MOB20 standard to adapt to the ideas and requirements of MOBU.
As for your last question there, MOBU offers its users vast resources and easy access to necessary services for buying and selling securities in its marketplace. Issuers can place bounties over the platform to tender services from developers and legal representatives, legitimate KYC providers can offer their services, escrow providers can be easily accessed, and the look of the market changes dramatically for contributors, who will be able to take their security tokens directly to an exchange and sell to a secure, approved individual. Banks will also connect to MOBU and offer crypto-to-fiat conversion for a fee charged in MOBU, diminishing barriers for non-crypto users and making money conversion more efficient.
I hope this answers your questions.
