A new cryptocurrency focused on security called Mobilecoin would be the purpose of a collection round, which will be carried out by Binance Labs as an incubator for relevant Blockchain technology projects, demonstrating the faith it has in this new ICO project with a proposal based on security, Medium reported yesterday April 24.

30 million dollars as a goal for Mobilecoin through Binance Labs
Specifically, Binance Labs will hold a fundraising round that aims to raise 30 million dollars in digital assets, which has the purpose of promoting a new digital currency known as Mobilecoin, having as a strong base the security and privacy of the transactions.

Thus, Binance Labs would demonstrate the priority that it would give to said specific ICO as an incubator of technological projects related to Blockchain, seeing in Mobilecoin very strong points that are worth being promoted through the campaign of collection and financial investment. For example, according to the TechCrunch site Mobilecoin would be paramount for Binance Labs in a reciprocal working relationship.

Now, according to its characteristics and the people involved, we can observe the interest and priority that Binance Labs gives to Mobilecoin, being part of the Moxie Moulinsart project as the founder of the secure messaging application Signal as a technical assistant, as well as the legal adviser. Shane Glynn who would work for Google in 2010 and ensures that Mobilecoin is legal and compatible with cryptocurrency regulations.

In terms of the features sought, Mobilecoin would be a fast, scalable, reliable and safe digital currency to use, as well as operate in environments with limited client resources that could not keep secret keys for long periods of time, without meaning that it has to be waived to the control of funds and reliable payment processing services.

Source:

Binance