HTTP defined the internet — MOB20 defines security tokens
Similar to how the HTTP protocol defined the internet, MOBU developed the MOB20 standard protocol that defines a set of commands that a security token should implement.
MOBU is an ERC20 utility token and built on the Ethereum platform. MOBU’s transaction costs and speed will be the same as the Ethereum network which is almost instantaneous! The ERC20 protocol defines a set of commands that a token should implement. It is a technical specification with basic functions such as the transfer of tokens and enquiry of the balance and supply of tokens. In the past it was more complex to support trading for Token A to talk to Token B.
Similar to how the $80 billion USD Ethereum platform simplified the process of launching a utility token, MOBU will simplify the process of launching a compliant security token. The MOB20 standard is the technical specification of a compliant security token and can be compared to a stamp of approval, quality or standard. If a security token is issued on the MOBU platform it will meet all the requirements of the MOB20 standard. This standard can be seen as a set of rules that governs a compliant security token ensuring that the standard of the token will be recognised all over the world.
Security tokens are the most lucrative of all 3 types of tokens as they represent ownership of underlying assets and the opportunity to receive dividends which represent REAL VALUE. Security tokens have not even touched $200 million USD in the blockchain space.
The $80 Trillion USD securities market is coming to the blockchain and MOBU is ready!!
Some Key features of the MOB20 standard:
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