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Meet the Boss – Exclusive Interview with MOBU CEO Juan Engelbrecht

juan engelbrecht mobu ceo interview

MOBU is a decentralized platform for companies to launch their own security tokens easily with their suite of ICO solutions.

Companies using MOBU can be confident in the compliance of their tokens as the team has ensured that MOBU-based tokens conform to all the standards needed for them to be compliant and legal.

Aside from that, MOBU will also offer important services like integrated KYC, AML, and SEC approval processes along with other features such as escrow services and investor protection. By using the blockchain and smart contracts, MOBU aims to cut down on excessive costs and paperwork that complicate the company-investor relationship as well as removing the reliance on intermediaries in settling transactions.
We recently sat down with MOBU CEO, Juan Engelbrecht, to have a chat with him about the project as well as learning more about his thoughts and insights.

Hello there, Juan! Thanks for joining us today. Can you tell us more about MOBU?

Hi there and thank you for the opportunity to discuss this exciting fintech venture. Similar to how HTTP protocol defined the internet and ERC20 standard protocol defines a set of commands that a token should implement for its basic functions as transferring tokens and inquiring the balance and supply of various ETH addresses the MOB20 standard protocol will revolutionize the securities market! We will make it possible that non-tech businesses and institutional money can flow to the blockchain in a legal, compliant and user-friendly manner.

Tell us about how you came up with the idea of MOBU.
Did you personally face a problem within the industry or do you think there is a gap in the market for MOBU to fill?

Yes, as just mentioned we launched an ICO called zabercoin and realized how difficult it can be but also gained the experience and partners to execute a successful security token. The cryptocurrency market is currently around 230 Billion USD and the security token market is around ONLY 200m USD. The Gold market cap is roughly 8Bn USD, Stock markets worldwide are around 80 Trillion USD, Real Estate is around 220 Trillion USD. We are currently a mere speck on the landscape. Security tokens haven`t even begun yet, I promise you!

mobu-features

What do you think is the biggest problem MOBU will solve and why is it important to solve?

Mainly two things. The first would be solving the current legal, technical and regulatory nightmare it is to launch a compliant security token. The second is to create a trusted marketplace of vetted ICO service providers to ensure lower fees and better quality of ICO services. If MOBU raises 30m USD we will also develop the first decentralized security token exchange which will ensure a secondary trading market for all MOB20 compliant security tokens.

The increasing popularity of security tokens is a welcome to many investors. However, a common complaint among investors is that some security token ICOs are launched just for the sake of having an ICO and to gain a large amount of funds.
Does MOBU play a role in ensuring that all ICOs based off the MOBU platform are high quality or does the platform not interfere with this aspect at all?
Was the investor protection features (the platform’s unique escrow services, bank support, etc.) provided to counteract the possibility of low-quality security tokens?

Yes as this is much needed in the ICO environment.

Editors Pick: Mobu ICO

Speaking of escrow, what was the decision in giving investors the ability to exit the ICO if the team does not meet expectations?

How does the team determine whether or not a company has not delivered on its promises; is it based off community feedback or is it based off the goals and roadmaps promised by the company during the ICO?
Can you give us more details on how the pro-rata distribution works for investors?

Good question. This will be on an individual investor basis. If John invests 2 ETH in project X and project X tries to run away with the money John can request a refund. Project X will never have access to 100% of the capital on day one but be remunerated on a small monthly percentage on total money raised. If John realizes this 2 months after ICO and project X received 2% per month he will receive 96% of his initial 2 ETH back in theory.

In the whitepaper, it mentions that “premium” features can be accessed with the use of MOBU tokens. If possible, could you shed some light (or hints if giving full details is not possible) on what those features are?
Will there be any more additions to the MOBU token’s use cases in the future?

In the Mobu ecosystem the token issuers(real future companies on MOBU) post bounties to get service providers, Developers earn MOBU tokens for creating smart contracts, KYC providers pay MOBU tokens to join the network/ecosystem, Investors pay MOBU tokens for KYC process, legal representatives and escrow providers earn MOBU tokens for offering services. Mobu additionally will steel bank partnerships to ensure FIAT can easily be converted to crypto all around the world and MOBU tokens can be earned worldwide. Furthermore, Lockup utility will ensure scarcity of MOBU tokens!

An interesting goal of MOBU is the development of a Forex and Crypto Percentage Allocation Money Management (PAMM) ICO.
This system is the first of its kind in the industry and many may not even know what it does so if it’s possible, could you explain what the PAMM is?
Does the system provide any advantages to the MOBU platform or its users?

Percentage allocation money management. The forex market is the largest market in the world and trades 5 Trillion USD per day. Currently, fund managers don`t compare apples with apples when marketing their funds in terms of AUM, Fund performance and fund fees. Blockchain technology is made for information that needs to be exposed and this will allow transparency in this industry.
Does the system provide any advantages to the MOBU platform or its users? Yes, as it creates demand for Mobu tokens and ensures more usage.

While working on the project, what’s something that you believed to be true for a long time until you found out that you were wrong, or if you don’t like the dichotomy of right versus wrong, what’s something significant that you have really changed your mind about over time?

Blockchain technology is the most revolutionary technology of our century and it took me some time to understand the use cases of it.

As the company grows, it is inevitable that the team will be catering to a community of thousands, maybe even tens of thousands, which is a challenge.
How will the team prepare for this and ensure that the community remains satisfied with the project?

We have partnered with the number one ICO PR firm in the world, Amazix. They were PR firm for one of largest ICO`s in history called Bancor and clearly, there are no issues in terms of community. We feel comfortable with their experience and support.

What do you think is the biggest challenge or obstacle MOBU will face? How do you plan to tackle that challenge?

People don’t like change and security tokens will replace conventional shares. This will take time.

What do you think is the most important aspect to focus on in increasing the adoption of MOBU in the future?

Ensuring the support of a strong community which we luckily have and ensuring we keep them up to date with progress. Also showing businesses the practical benefits of tokenizing their companies.

Can you express one personal opinion of yours about the blockchain? It doesn’t matter if it’s negative or positive, we just want to hear your thoughts on it.

Blockchain is used to cut out middlemen and used for information that needs to be exposed like audit trails and voting systems. Information that can be transparent and immutable.

Finally, what other personal goals (besides your career) do you have in life? Is there anything else in life you want to achieve?

Well, I believe in a balanced life and still, want to climb Kilimanjaro and visit a few countries in the world like Norway to see the northern lights. For now, it is only MOBU MOBU MOBU!

That concludes our Interview with Juan Engelbrecht

More Interviews to come

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