Mobius closes its pre-ICO on $30m


Blockchain technology developer Mobius has closed its pre-ICO on more than $30m.

The token sale saw 32,000 participants to the pre-ICO, and due to the high demand forced the company to turn away over $10m in token sales. In order to still allow people to get involved with the pre-sale, accredited investors are able to contribute to a SAFE, which gives an investor shares. SAFEs have a minimum of $1m, and must close before the ICO ends.

Camp One Ventures has invested into Mobius through a Safe.

Camp One Ventures principal Robert Claassen said, “We view the SAFE instrument as a means of obtaining an early equity stake in the business in a simple flexible form. As venture investors we of course like to benefit from the appreciation of any coins or tokens held by the company, but more importantly, we look to partner with the company to take advantage of business opportunities that arise as a result of sponsoring innovative blockchain protocols.”

Mobius is a blockchain protocol that helps to connect consumer applications to the blockchain economy. The platform is able to integrate any token with existing apps, and can connect data and smart contracts on the blockchain.

The application can also be used to integrate in-app payments, and machine-to-machine micropayments.

Later in the year, Mobius is looking to launch a decentralised data marketplace and proof of stake oracle protocol. The oracle protocol connects data to the blockchain, and allows data transmissions with tokens and transfers through smart contracts.

Earlier this week, Telecoin closed its ICO on it $25m hard cap, with the company selling 250 million Telecoins. The platform connects mobile networks with consumers, helping to drive the global remittance market.

Copyright © 2018 FinTech Global

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