Mobius only accepting Stellar in token sale |

Mobius only accepting Stellar in token sale

Peter Terlato 18 January 2018 NEWS

Residents of Alabama, Connecticut, Hawaii, New York, Vermont and Washington are unable to participate.

Mobius, stripe for blokchain, launched its official token sale today, with over 53,000 people registered.

The Mobius public token sale is scheduled to begin on January 18, 2018 at 9:00 a.m. PST via Mobius’ website.

There’s two simple steps to complete before engaging in the Mobius (MOBI) sale.

  1. Join the whitelist and submit your identification information.
  2. Have Stellar Lumens (XLM) ready to use for payment in a wallet where you control the private key so your payment is sent immediately and not delayed by a third-party such as an exchange.

Mobius allows existing applications to quickly and easily incorporate cryptocurrency to the blockchain.
The aim is to provide a seamless integration of blockchain in Apps and for cross-chain payments.

Given that sales can only be made using Stellar Lumens, the XLM to MOBI purchase ratio will be finalized the day of the sale due to current XLM volatility. Mobius said it will likely be in the range of 1 XLM = 2 to 4 MOBI.

Tentatively, the minimum purchase per buyer is 25 MOBI. The maximum number of MOBI per buyer is 25,000.

Mobius warned buyers that “MOBI is not an investment” and that tokens are only for use in the DApp Store.

The DApp store allows developers from around the world submit their apps for sale.

The developers also warned that the sale was being targeted by fraudsters with fraudulent domains. Mobius reminded all participants to double check that they are logged on to the official company website.

Alabama, Connecticut, Hawaii, New York, Vermont and Washington residents are unable to participate.

Mobius claims it is the equivalent of stripe for blockchain, assisting developers to add any token into existing apps and connecting these apps or data logs to smart contracts on the blockchain. The company also has a universal proof of stake oracle protocol (patent pending) which will connect real-world data to blockchain.

The protocol will also allow smart devices to share resources and make payments, while reducing the load for the end user and enabling machine-to-machine (M2M) micropayments as a result of low transaction costs.

Cryptocurrency security platform tZERO will assist in KODAKCoin’s initial coin offering (ICO) later this month.

Explore the complexity of cryptocurrencies beyond the hype using our informative and helpful guide.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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