Share this article
$35 Million: Smart Contracts Platform Mobius Completes ICO Presale
Smart contracts provider Mobius has successfully raised $35 million in a token presale based on the Stellar network.
By Nikhilesh De
Updated Sep 13, 2021, 7:21 a.m. Published Jan 9, 2018, 2:00 p.m.
Make us preferred on Google
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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 image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
How a 'perpetual’ stock trick could solve Michael Saylor’s $8 billion debt problem
The bitcoin treasury firm is using perpetual preferreds to retire convertibles, offering a potential framework for managing long-dated leverage.
What to know:
- Strive upsized its SATA follow on offering beyond $150 million, pricing the perpetual preferred at $90.
- The structure offers a blueprint for replacing fixed maturity convertibles with perpetual equity capital that removes refinancing risk.
- Strategy has a $3 billion convertible tranche due in June 2028 with a $672.40 conversion price, which could be addressed using a similar preferred equity approach.
Top Stories
