Mobius Network raised $35 million in a token presale on Stellar, exceeding its $25 million goal. The smart contract platform plans to facilitate machine-to-machine micropayments and will launch its full ICO on January 18, 2018.
Mobius Network, a smart contract-based data platform, successfully concluded a $35 million token presale on the Stellar network, raising $10 million more than projected. The presale attracted 32,000 participants purchasing MOBI tokens exclusively with Stellar lumens. The company will cap individual purchases at 25,000 tokens to promote decentralized distribution. Mobius plans to use smart contracts to enable real-time machine-to-machine micropayments and automated transactions. The full ICO launches January 18, 2018, with the company expecting to sell 7.5 million tokens. This reflects growing interest in Stellar as an alternative to Ethereum for token sales.