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Past-ICO Review: Mobius

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  • Eric Eissler
    ⭐ Features

    Stellar Lumens powered DApps that can integrate Blockchain ecosystems, is an anomaly and similar among many other projects out there

Past-ICO Review: Mobius
Cover image via u.today

ERC20, ERC20, ERC20, that’s pretty much all you hear these days when you are looking at altcoins. It seems as if 90 percent of all new altcoins are built on Ethereum. It makes sense when you get down to the bottom of it; smart contracts are the way to go, you can do so much with them, why would you build on anything else? Right? Well, Mobius is taking a different approach: it is built on Stellar Lumens, the “non-profit” rival to Ripple also known as XRP.  The overall goal of Mobius is to integrate the Blockchain ecosystem into DApps and has three major product offerings: DApps, Oracles, and Smart Markets. Let’s dive into the financials before going deeper.

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Financials

Mobius raised $39 mln in 24 hours between Jan. 18 and 19, 2018 with a token price of $0.16 USD per MOBI. MOBI entered the public market at $0.38 on Jan. 19, 2018. It hit it’s all-time high of $0.45 two days later before entering into a slide down the current all-time-low of $0.03. The market cap has sunk down to $11.8 mln and daily trade volumes are around $105,000. It has a circulating supply of more than 330 mln with a total supply of 887 mln tokens.

Team

Cyrus S. Khajvandi- COO & Founder

Khajvandi has a background in development and working with data via Python. He briefly worked at Oracle on Middleware before setting his sights on opening his own companies Incentru and then Mobius.

David S. Gobaud

A developer at heart, Gobaud has more than 15 years of experience working at many high-profile companies such as Google. His formal education spans computer science, business and law.

Monis Rahman-  Head Research Scientist

Rahman is also a developer with much academic experience at Stanford. He has a PhD in Computational Mathematics from Stanford and spends much of his work time in research and development.

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Tech talk

The Mobius API provides a universal interface for accepting any Blockchain token. The Mobius API simplifies the current token developer process by providing a modern and easy to use REST API that returns JSON and uses secure webhooks to alert developers of incoming token transfers.

Risks and concerns

At first glance, it appears as if Mobius is trying to do everything all at one time. The roadmap includes an off-chain token scaling solution, proof of stake Oracle protocol, DApp store, and cross chain connectivity. Each of these projects is a huge undertaking and there are projects that deal specifically in that one area. The lack of focus on one particular element is going to divert the team’s attention. Another odd bit is that the project runs on the Stellar Blockchain, which is an anomaly among altcoins.

Since Mobius has a rather very broad scope, it competes with many other Blockchain projects in some way, such as Status, Decentraland, and District0x for the DApp store; Chainlink and Gnosis and others on the Oracle side. As mentioned before, competition is growing and it’s fierce to compete with others and competing for token holders money.  

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About the author

Eric Eissler is based in Chicago and works in higher-education administration and finance. He is a freelance writer covering blockchain technology, fintech, cryptocurrency, the oil and gas industry, and international politics.

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Bitcoin’s Domination May Rise According to One Analyst

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  • Vladislav Sopov
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    Famous analyst PlanB published an interesting chart showing the four stages of Bitcoin’s market dominance. It appears that he predicts hard times for the altcoins!

Bitcoin’s Domination May Rise According to One Analyst
Cover image via u.today

With the last days of 2019 right around the corner, analysts and traders are getting the audience pumped for 2020 forecasts. The third Bitcoin (BTC) halving and Ethereum's probable migration towards its Proof-of-Stake (PoS) consensus will be hot topics for the crypto community. Prominent trader PlanB decided to surf this wave by showing BTC's dominating traction.

Four Stages for Dominance

In the historical chart, PlanB has revealed one of the most important indicators of the crypto world - Bitcoin's market capitalization. This indicator shows the ratio of BTC's market capitalization to the capitalization of all other cryptocurrencies tracked publicly by the available services (4000+ coins). This is used as a sign of comparative demand for altcoins and BTC.

Bitcoin Dominance Historical Chart
Image by: https://twitter.com/100trillionUSD/status/1203012308513017856

Plan B showed the four stages of BTC's dominance, in which the graph is slipped vertically (bottom line indicates 100% BTC market dominance). The first stage, which lasted before April 2017, showed that BTC's dominance was more than 90%. The second stage (April-September 2017) showed that the figures were between 70% and 90%.

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Bitcoin Dominance Reaches 55 Percent, Sets Its New High This Year

Bitcoin Dominance Reaches 55 Percent, Sets Its New High This Year

The third and the fourth stages repeated twice from September 2017 to the present day. In the early days of 2018, the indicator was at an all-times-low of 35%. Now, the graph is about to re-enter BTC's second stage with a 70+% dominance.

Altcoin Annihilation?

PlanB surrounded his picture with the ironic hashtag #altcoinannililation. Therefore, PlanB interpreted this traction as bad sign for the altcoins. It should also be said that some of commentators in PlanB's open thread suggest that the four-stage cycle was launched by the previous BTC halving of July 9, 2016.

Furthermore, we can see that BTC's high price correlates with its low market dominance. With that said, the publication by PlanB forecasts an extremely bearish start for 2020.

Recently, BTC advocate Tuur Demeester claimed that the price of BTC will drop one more time to $5,000. This level will be reached due to the capitulation of "weak" investors prior to the long bull rally.

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About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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