AFCASH PUBLIC SALES/INITIAL EXCHANGE OFFERING (IEO)

AFRICUNIA is a decentralised, distributed, adaptive, open socio-technomical financial ecosystem with properties of self-organisation, scalability and sustainability where healthy competition and collaboration among diverse businesses, people and entities prevail.

 

Our business model is anchored on a free, open source and distributed software platform that is based on internet technologies and which is designed to solve the problems of the unbanked and financial exclusion, empower the less privileged ones, enable individuals, businesses, SMEs and large enterprises to efficiently and more effectively create, integrate and provide services in both real world and in the software sphere.

 

The long-term goal is to cater to the growing needs of domestic and international money transfer and bank account management by both the elites, the literates and illiterates and more especially for the unbanked. Essentially the main goal is to offer hassle-free money transfer services with affordable transaction fees.

 

MEET AFCASH

AFCASH is the digital coin that was created by AFRICUNIA BANK. It is essential to point out that AFCASH would not just be a Cryptocurrency, rather it will create an Ecosystem that will help bridge the gap between the fiat or paper money and the crypto universes and enable users globally, but especially in Africa, to buy and sell daily commodities across marketplaces using AFCASH.

 

The AFCASH Token will unify all transactional aspects that are usually handled using the fiat currencies and provide multiple crypto-related services in one place. The list of potential features of the platform will be infinitely extended and will continue expanding as the platform evolves.

 

We envision AFCASH to be:

 

#1: A Global Community

AFCASH will be used by a diverse group of people and skill sets such as governments and government agencies, financial organizations, ministries, banks, venture capitalists, individuals, celebrities and bloggers uniting to realize the vision of a borderless financial system.

 

#2: A full Token based system

AFCASH will be supported by a cryptographic Blockchain network akin to ETHEREUM and Ripple Protocol Consensus Algorithm (RPCA), but running on an APCA (AFRICUNIA Protocol Consensus Algorithm). The AFCASH’s APCA will ensure correctness, consensus, and utility of Blockchain transactions

 

#3: A champion of Privacy

User’s privacy will top of our priority when designing and implementing AFCASH. We do understand that anonymity has been one of the major reasons why the mainstream financial institutions cannot adopt cryptos. Therefore, our system will be implemented based on KYC/AML protocols that financial institutions can trust. Using the KYC/AML protocols, AFRICUNIA will verify users before allowing them to access their accounts on the AFCASH platform. For instance, registering a new account by a user will involve filling in the email address and full personal details—elements that are not present in cryptos. The App will then send a confirmation through e-mail where the user will be required to verify the link before he/she can access the account.

 

#4: A leader of Security

We understand that security is a major concern for all users. Therefore, we will incorporate cryptographic and security protocols throughout the development of AFCASH to guarantee that user expectations are met.

 

The acceptable levels of security in AFCASH platform will ensure the following:

 

  Consensus mechanisms

  Encryption of data

  Network configuration

  Component configurations for scalability.

  

The AFCASH platform will incorporate the following components:

  APIs

  EMIs

  Commercial Banks

  Digital Pass Technology

 

The public sales of AFCASH Token will start on the 11th of July 2022 and ends on the 18th of July 2022.