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Blockchain FHM (Pty) Ltd has launched the Initial Coin Offering (ICO) for SAFCOIN, an exclusive African cryptocurrency that aims to make investment in digital currency easy and understandable for all. world in Africa.
will be made available exclusively to South Africa during the course of the ICO. This gives South Africans the opportunity to invest in SAFCOIN during the lucrative start-up phase, before the remaining 5 million crypto are listed on an exclusive exchange, as well as on cryptocurrency exchanges African and global, in October. At the same time, chips purchased during the ICO will be migrated to coins.
"Blockchain cryptocurrency is a confusing and unfamiliar concept for many Africans, which prevents widespread adoption, "says Neil Ferreira, director and co-founder. founder at FHM. "With SAFCOIN, we hope to educate more people about the benefits of cryptocurrency and help them understand how and where to trade, so that they can be part of the global revolution of digital currency and the world of digital currency. history of cryptocurrency in Africa. "
SAFCOIN reference program
SAFCOIN ICO Token investors will receive a unique referral link that they can share with others. For each sale made using their link, they will earn 5% commission, which can be used to purchase additional chips. For 20 tokens sold using their link, investors will earn one token in commission.
All tokens will be stored in a blockchain wallet, which will be secured by public and private keys.
Tokens will be migrated to the SAFCOIN cryptocurrency when it opens up to world trade.
More than just a crypto-currency
Lack of knowledge of crypto currency in Africa meant that Africans were losing opportunities to invest in start-up currencies like Bitcoin when the rush to electronic money began in 2010.
By opening the OIC to the South- Africans, FHM hopes to increase levels of awareness and education among ordinary South Africans
Opportunities will be created by shopping malls and mining stations that will be established across the continent to allow miners to operate and trade in SAFCOIN. ] A curre ncy for Africa
"Our goal is to see SAFCOIN become a widely accepted form of payment for the entire African trading community ", explains Ferreira . "We want to boost African trade and simplify cross-border payment processes between countries by eliminating red tape and large transactions."
The South African e-commerce business figure is expected to rise to $ 3.131 million in 2018.] Compound annual growth rate of 13.7% to reach $ 5.239 billion in 2022. D & D Here, the penetration of e-commerce users is expected to reach 43.8%, up from 34.8% in 2018.
More than 400 e-commerce companies have indicated that they will accept SAFCOIN as a payment, while FHM continues to engage with other retailers.
** FHM (Pty) Ltd is a registered member of the World Blockchain Association.
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