[ANN] MOBU - The Security Token Protocol and Licensed Security Token Exchange

[kokliko]

This project is not very effective because they only want to raise capital. There is no real work before they have money. Investing in it is a huge risk because they can do nothing.

[dabenko]

This project is not very effective because they only want to raise capital. There is no real work before they have money. Investing in it is a huge risk because they can do nothing.

I agree with you 50%, but don't underestimate MOBU, because they have many communities in it,
26 thousand followers on Twitter make MOBU strong, I hope MOBU can be consistent

Mobu team has been giving under date, although not on daily basis. At least that is better than some projects that disappeared without any. This simply shows their commitments to an extent.
They have also got plans to raise funds for development, through a different means, since ICO was not working for the project.

[qwe9]

Pecunio leads South African Exchange MOBU’s investment round. The all equity deal is priced at 1.27 Mio USD, putting MOBU’s value roughly at 21 Mio USD valuation.
https://medium.com/pecunio/pecunio-leads-south-african-exchange-mobus-investment-round-fb2f3b2b40dc

Whats this mean? Some fund invested 21 mln usd in Mobu? Is this mean that they almost covered hard cap already? Hardcap were 35 mln and more than 3 mln they raised already on pre-sale. So its almost 25 mln in total already?

Yes, we are not getting complete clarity on this situation about how much they raised through the crowd sales and private but now they are concentrating on IEO, we don't know how long they will continue the sales?

Dear Community,

We will disclose final numbers after fundraising period which we expect may last another 3 months at most.

Here is an exciting article released by Reuters:
https://www.reuters.com/brandfeatures/venture-capital/article?id=129989

regards
MOBU team

More than a year, now, again it is going to take another 3 months to get clarity on this, i don't why you people are kept dragging the things. Your main intentions are to raise money or do you have any strong developments team?

For such a long time? Wouldn't it be a liar?

[erikalui]

They have disabled replies in their telegram groups which looks suspicious and now they don't bother to update us regarding the bounty distribution nor are active on this thread. Have lost hope to receive anything from this project.

[futureofeth]

They have disabled replies in their telegram groups which looks suspicious and now they don't bother to update us regarding the bounty distribution nor are active on this thread. Have lost hope to receive anything from this project.

I hope we should forget about the company then, as long as the company is open for discussion we won't face any problems. But after many people are not happy with the current situation, then we will move to another best company out there.

[marjil]

Hello everyone. This project was due to go live and get a listing of the token on exchanges at July 2019. The team decided it was a good idea to postpone the listing and the distribution of tokens which was then supposed to happen in October 2019. But since July 2019 the team have not informed the community, the investors or the bounty users of any issues, but the project has remained quiet with no updates at all from the team. What is happening with the project, the token listing, the bounty and the investors money? Can someone from the team please respond to the mobu community to update us? We are keen to continue to support the project, many of us who invested in it believed in it, and we continue to support it and wish the best for it, but we would apprecaite updates to inform us of the progress.

[ChrisPop]

Hello everyone. This project was due to go live and get a listing of the token on exchanges at July 2019. The team decided it was a good idea to postpone the listing and the distribution of tokens which was then supposed to happen in October 2019. But since July 2019 the team have not informed the community, the investors or the bounty users of any issues, but the project has remained quiet with no updates at all from the team. What is happening with the project, the token listing, the bounty and the investors money? Can someone from the team please respond to the mobu community to update us? We are keen to continue to support the project, many of us who invested in it believed in it, and we continue to support it and wish the best for it, but we would apprecaite updates to inform us of the progress.

I have got back from them on Twitter. It looks like they are looking to "secure" the funding by January 2020. They have stated they'll reward the investors with extra tokens for the delay, not sure about the bounty token though - waiting a reply on that. It would be best for them to post an official update on their medium and/or here on the ANN thread.

[marjil]

Hello everyone. This project was due to go live and get a listing of the token on exchanges at July 2019. The team decided it was a good idea to postpone the listing and the distribution of tokens which was then supposed to happen in October 2019. But since July 2019 the team have not informed the community, the investors or the bounty users of any issues, but the project has remained quiet with no updates at all from the team. What is happening with the project, the token listing, the bounty and the investors money? Can someone from the team please respond to the mobu community to update us? We are keen to continue to support the project, many of us who invested in it believed in it, and we continue to support it and wish the best for it, but we would apprecaite updates to inform us of the progress.

I have got back from them on Twitter. It looks like they are looking to "secure" the funding by January 2020. They have stated they'll reward the investors with extra tokens for the delay, not sure about the bounty token though - waiting a reply on that. It would be best for them to post an official update on their medium and/or here on the ANN thread.

Thanks for replying. It seems that there has been a further delay to January as you say, much later than planned, with the whitepaper milestones not being reached as a result. Yes it would be good if they provided an update to their investors, bounty marketeers and their community in general. The bounty is overdue by quite some distance and I am sure the followers, the MOBU community etc. would welcome some news of developments.

[ChrisPop]

Thanks for replying. It seems that there has been a further delay to January as you say, much later than planned, with the whitepaper milestones not being reached as a result. Yes it would be good if they provided an update to their investors, bounty marketeers and their community in general. The bounty is overdue by quite some distance and I am sure the followers, the MOBU community etc. would welcome some news of developments.

I have received a response about the bounty tokens as well - that we should expect them around the end of February. I don't mind the delay even if obviously it would have been better without it, as long as they get the funding and develop their project accordingly. Africa is definitely unchartered territory and is full of potential. If MOBU does this right there could be an abundance of opportunity and growth potential awaiting for us.

[marjil]

Thanks for replying. It seems that there has been a further delay to January as you say, much later than planned, with the whitepaper milestones not being reached as a result. Yes it would be good if they provided an update to their investors, bounty marketeers and their community in general. The bounty is overdue by quite some distance and I am sure the followers, the MOBU community etc. would welcome some news of developments.

I have received a response about the bounty tokens as well - that we should expect them around the end of February. I don't mind the delay even if obviously it would have been better without it, as long as they get the funding and develop their project accordingly. Africa is definitely unchartered territory and is full of potential. If MOBU does this right there could be an abundance of opportunity and growth potential awaiting for us.

They didn't do very well from the last crowdsale but did get funding from other means. They also seem to be seeking more funding privately and/ or through partnerships. It's a massive project potentially and I think I originally read in the whitepaper that Africa is a key region they want to bring digital banking to. I've read that in whitepapers of several projects but no project has yet to capitalise on this region. Thanks for replying about the bounty information. I'm not bothered about delays either, but some updates once in a while show us, the community and followers, that we haven't been forgotten. When we don't hear anything then we feel neglected. Unfortunately many projects fall into this type of behaviour and there's usually not a great deal we can do about it. Anyway, hopefully, at least, there will be some proitive developments on this project in the coming two or three months that we will hear about!