Why a $39 Million ICO Chose Stellar Over Ethereum

That's how Mobius Network co-founder and CEO David Gobaud explains why his startup ran its initial coin offering on the Stellar network instead of ethereum, the most popular blockchain for token sales. Mobius announced Thursday that it has raised $39 million in the ICO - one of the larger recent token sales and the largest by far on the Stellar platform. According to Mobius, the sale hit its $39 million hard cap after only two hours, selling 35 percent of the total 888 million mobi tokens. After beginning its project on ethereum, Mobius switched to Stellar, the protocol created by Ripple co-founder Jed McCaleb.
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