By:
Nikhilesh De
Smart contract-based data platform Mobius Network successfully concluded a $35 million token presale, the company announced Tuesday.
The turn-key software provider announced it had raised $10 million more than projected on sales of its MOBI token, which in turn is based on the Stellar network. After it launches, Mobius plans to develop its platform as a facilitator for smart contract-based micropayments.In a press release, the company noted that 32,000 participants registered for the presale, which took place through the end of 2017 and the beginning of 2018.
The full initial coin offering (ICO) will launch on Jan. 18, with the company expecting to sell some 7.5 million tokens.The company will limit each potential buyer to 25,000 tokens "to ensure a decentralized token distribution with as many people participating as possible," according to the release. Furthermore, buyers will only be able to purchase MOBI tokens using Stellar's lumen cryptocurrency.
Mobius chief executive David Gobaud said:
While the ethereum network has been more popular with companies launching token sales, some companies have recently looked to the Stellar network instead. Last month, mobile messaging startup Kik's chief executive Ted Livingston announced he was moving his company's kin token to Stellar due to congestion issues on ethereum.
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http://www.blockchaincompany.info/Francisco
Share your blockchain page with your employer, colleagues and friends. It demonstrates your professional awareness and competency of this revolutionary paradigm called the blockchain changing our world. It's free if you are a consumer user to curate on BC. Just Create your Account here in less than 3 mins!
Or Click " Create Account " above in the upper right corner. Instructions how to curate your blockchain page from information you discover on BC, is sent in your email after you sign up, so read it. It takes only a few minutes to curate your blockchain page. You can then track and share all the content you love or care about to enhance your knowledge of the blockchain and cryptocurrencies in general.
You can send message over our network, invite friends, your employer and colleagues to follow your Blockchain Page too! You might still be able to capture your ' first name " as a unique url for your blockchain page too! Like : http://www.blockchaincompany.info/robert We recommend you do this sooner as easy memorable BC urls will get snapped up quickly.
Going forward, you may also be entitled to free cryptocurrency tokens through airdrops with our partners and our own utility tokens. You may also get unique offers and discounts at any time in the future, once you are a user on our BC platform.
Blockchain is the Internet of Value...
you need to start participating today and be part of it!
Nikhilesh De
Smart contract-based data platform Mobius Network successfully concluded a $35 million token presale, the company announced Tuesday.
The turn-key software provider announced it had raised $10 million more than projected on sales of its MOBI token, which in turn is based on the Stellar network. After it launches, Mobius plans to develop its platform as a facilitator for smart contract-based micropayments.In a press release, the company noted that 32,000 participants registered for the presale, which took place through the end of 2017 and the beginning of 2018.
The full initial coin offering (ICO) will launch on Jan. 18, with the company expecting to sell some 7.5 million tokens.The company will limit each potential buyer to 25,000 tokens "to ensure a decentralized token distribution with as many people participating as possible," according to the release. Furthermore, buyers will only be able to purchase MOBI tokens using Stellar's lumen cryptocurrency.
Mobius chief executive David Gobaud said:
“The token purchases will help us fulfill our mission of connecting the existing internet and billions of people and devices around the world.”According to its website, Mobius will use smart contracts to facilitate real-time machine-to-machine micropayments, among other uses. According to a provided example, if a machine, or part of a machine breaks, a computer would automatically be able to bid for a replacement part and arrange for its delivery.
While the ethereum network has been more popular with companies launching token sales, some companies have recently looked to the Stellar network instead. Last month, mobile messaging startup Kik's chief executive Ted Livingston announced he was moving his company's kin token to Stellar due to congestion issues on ethereum.
Man and coins i
The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
Have breaking news or a story tip to send to our journalists? Contact us at [email protected].
Did You Know About This?
You can curate a Personal Blockchain Page right here on Blockchain Company ( BC ) like these 2 great user examples here:
http://www.blockchaincompany.info/Paula
http://www.blockchaincompany.info/Francisco
Share your blockchain page with your employer, colleagues and friends. It demonstrates your professional awareness and competency of this revolutionary paradigm called the blockchain changing our world. It's free if you are a consumer user to curate on BC. Just Create your Account here in less than 3 mins!
Or Click " Create Account " above in the upper right corner. Instructions how to curate your blockchain page from information you discover on BC, is sent in your email after you sign up, so read it. It takes only a few minutes to curate your blockchain page. You can then track and share all the content you love or care about to enhance your knowledge of the blockchain and cryptocurrencies in general.
You can send message over our network, invite friends, your employer and colleagues to follow your Blockchain Page too! You might still be able to capture your ' first name " as a unique url for your blockchain page too! Like : http://www.blockchaincompany.info/robert We recommend you do this sooner as easy memorable BC urls will get snapped up quickly.
Going forward, you may also be entitled to free cryptocurrency tokens through airdrops with our partners and our own utility tokens. You may also get unique offers and discounts at any time in the future, once you are a user on our BC platform.
Blockchain is the Internet of Value...
you need to start participating today and be part of it!