AFRICUNIA: THIRD GENERATION BLOCKCHAIN CRYPTOCURRENCY SYSTEM https://africunia.com
AFCASH is the digital coin that will be created by AFRICUNIA BANK. It is important to know that AFCASH would not just be a CryptoCurrency, rather it will create an Ecosystem that will help bridge the gap between the fiat and the crypto universes and enable users globally, but especially in Africa, to help themselves. The development of AFCASH platform on top of a highly secure core Blockchain (using APCA), integrating it with the major decentralized technologies and creating use cases to demonstrate its ability in the financial services sector, it will help bring the mainstream currencies into the crypto universe. It will also unify all transactional aspects that are usually handled using the fiat currencies and provide multiple crypto-related services in one place. https://africunia.com. Blockchain Technology facilitates fast and low-cost transactions that are not controlled by any centralized source. While the economic gains of the current Blockchain Technology are without doubt indisputable, there are still challenges that must be addressed. These hurdles can be looked at from three perspectives: correctness, consensus, and utility. To address the problems of correctness, consensus, and utility, the proposed algorithm will apply the “Byzantine Generals Problem” that has already been explored to solve a myriad of computing problems. Much research has been done on protocols that achieve consensus in the face of the Byzantine errors. But much of the protocols have not fully addressed the problems of correctness, consensus, and utility. https://africunia.com. AFCASH technology is based on the AFRICUNIA PROTOCOL CONSENSUS ALGORITHM (APCA). The APCA will incorporate the following components: Server, Ledger, Last Closed Ledger and Open Ledger. The Bitcoin crypto was lauded for its massive potentials to circumvent the existing centralized banking systems. Bitcoin used the ubiquitous Blockchain Technology to facilitate the peer-to-peer transfer of funds thereby, eliminating third parties in the financial transactions. Because of its potentials in the financial sector, many tech enthusiasts proclaimed it as the future currency (because of its durability, divisibility, verifiability and value creation). https://africunia.com. Following the success stories of Bitcoin, other currencies began to spring up with each having its own specific consensus algorithm as a mathematical proof to back it up. Bitcoin crypto brought about solutions to the financial world, the Ethereum crypto sought to bring about solutions to programs called smart contracts. The exceptional role of these cryptos in the Fintech world has been recognized and taken into consideration by the FinTech companies. A number of technical reasons, such as the technology’s inaccessibility, overload of difficult terminologies and the usability hurdles continue to prevent the average internet user from taking advantage of cryptos, causing their slow adoption rate. Ideally, if a proper legal framework can be developed to guard against regulatory uncertainty, then perhaps it can act as a catalyst for adoption and use of these digital currencies and thus the birth of AFFRICUNIA BANK were established to narrow the gap between the conventional currencies and the crypto world. The AFCASH platform will incorporate the following components: APIs, EMIs, Commercial Banks and Digital Pass Technology. https://africunia.com. The structure of the fund may differ from one case to another. It will be run by a reputable legal counsel that will keep an updated review of what has been published. The public contributors will be allocated 50% of the AFCASHs. The company reserve will be assigned 30% of the AFCASHs. The remaining 20% of the AFCASHs will be allocated to the Founding Africunia Members and its advisors, partners, and campaigners as follows: 15% (Africunia Founders); 3% (Advisors & Partners); 2% (Campaigners). These funds would not be immediately tradable in order to continue motivating the core team after the distribution period. https://africunia.com. The roadmap in the process of actualizing a financial institution born from a Cryptocurrency will incorporate many different aspects ranging from development of the technology, testing and complying with regulatory regimes in various jurisdictions. 10th July 2017 to 1st January 2018 was the first milestone which was based on Research and development. The second Milestone started on 1st December 2017 and ended on 31st December 2017. This was the PRE-ICO sale. The third Milestone commenced on 1st January 2018 will end on 31st March 2018. This is the ICO sale and run through a period of 3 months. The fourth Milestone will be development of blockchain prototypes which will run through the 1st March 2018 to 31st March 2018. The fifth Milestone is the development of the blockchain beta version which will run through 1st April 2018 to 30th April 2018. The sixth Milestone will be the Testing of the ecosystem which will be commencing from 1st May 2018 to 21st May 2018. By the 31st of May 2018, the complete development of the blockchain technology will be finished that will lead them to their seventh milestone. On June 1st 2018 will be the launch of the blockchain and ecosystem which will be there Eight milestone. The solidification and expansion of the technology will be on June 2018 which will be there Ninth milestone. https://africunia.com. Bounty Campaign is a Public Relations campaign that is put in place by a company to facilitate promotion and dissemination of information by the Company’s supporters and advertisers in the social and public spheres. Under normal circumstance Bounty Campaign terminology is used in ICOs (Initial Coin Offerings) and CrowdFunding. Participants are rewarded with Tokens (CryptoCurrencies) which are on offer at the period of ICO. It is noteworthy stating that a reward fund volume to Bounty Campaigners is in the neighborhood of 1–2% of the total ICO funds and tokens sold. This means every campaigner can enroll in a Bounty Campaign and gets rewarded without bias. AFRICUNIA BANK will manage the AFCASH Cryptocurrency (AFCASH). They will issue tokens through an ICO for each fund. To invest in the firm, the shareholders will be required to buy the AFCASH tokens during the ICO. The AFCASH pre order ruined through 1st December 2017 and ended on 31st December 2017. AFCASH’s ICO started on 1st January 2018 and will run for 3 months up to 31st March 2018. After the ICO is over the tokens can be withdrawn from the ICO platform and participants will also have exclusive rights to the company's revenue, and they will begin to receive an immediate income stream from the first fund that will be created on the AFRICUNIA platform. https://africunia.com. They will allow participants to invest using some or all of the following methods: Direct Credit or Debit card purchase that will be available on the website. Using the NAIRA, USD, EURO, and POUNDS STERING, fiat currencies using Debit/Credit Cards and SWIFT transfer. Direct purchase on our website platform using the following cryptocurrencies:
TOKEN/COIN SYMBOL: AFCASH
TOKEN/COIN TOTAL SUPPLY: 500,000,000 (Five Hundred Million AFCASHs)
CIRCULATING SUPPLY: 500,000,000 (Five Hundred Million AFCASHs)
TOKEN/COIN PRICE: 1 AFCASH = $0.10 USD
UNSOLD TOKENS: Any unsold token will be burnt.
At the end each Financial Year, 20% of AFRICUNIA BANK’s Profit will be distributed among all Holders of our Token (AFCASH) based on each Holder’s Share of total amount of Tokens issued, and this will be automatically paid out to our Coin Users in their respective Wallets.
FOR MORE INFORMATION VISIT
https://africunia.com.
https://africunia.com/wp-content/uploads/2018/02/AFCASH-Whitepaper.pdf
https://www.instagram.com/africunia
https://youtu.be/SOfxwaB5b2U
https://plus.google.com/+AfricuniaBank
http://steamcommunity.com/id/africunia
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