WHAT IS AFRICOIN?
Africoin is a decentralized digital currency just like the popular Bitcoin BTC started by a team of Africa developer in Diaspora under the code name Africodelogic with the lead programmer from South Africa and Ghana.
Africoin as a digital money is an Internet-based medium of exchange distinct from physical notes or coins that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership.
Both virtual currencies and cryptocurrencies are types of digital currencies. Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an online social network.
WHY INVEST IN AFRICOIN?
Africoin AFC pre-launched few months ago with an opening price of $0.001 and today it is exchanging at $0.15 (Note this price may change). Bitcoin exchanged for $0.01 in February 2010 and today it is exchanging for over $900 converting a $100 investment in 2010 to more than $1,000,000.
To understand why investors, wealth seekers and speculators have been excited to be part of the Africoin dream; let us take a look at a similar project Bitcoin; how it started and where the price is today:
|Bitcoin value history (comparison to US$)|
|Date||Price for 1 BTC||Notes|
|Jan 2009 – Jan 2010||basically none||No exchanges or market, users were mainly cryptography fans who were sending bitcoins for low or no value.|
|Feb 2010 – May 2010||less than $0.01||On 22 May 2010, user “laszlo” made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC. User “SmokeTooMuch” auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found.|
|July 2010||$0.08||In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin.|
|Feb 2011 – April 2011||$1||Bitcoin takes parity with US dollar.|
|8 July 2011||$31||top of first “bubble”, followed by the first price drop|
|Dec 2011||$2||minimum after few months|
|Dec 2012||$13||Slowly rising for a year|
|April 11, 2013||$266||Top of a price rally, during which the value was growing by 5-10% daily.|
|May 2013||$130||Basically stable, again slowly rising.|
|June 2013||$100||in June slowly dropping to $70, but rising in July to $110|
|Nov 2013||$350 – $1250||From October $150–$200 in November, rising to $400, then $600, eventually reaching $900 on 11/19/2013 and breaking $1000 threshold on 27 November 2013.|
|Dec 2013||$600 – $1000||Price crashed to $600, rebounded to $1,000, crashed again to the $500 range. Stabilized to the ~$650–$800 range.|
|Jan 2014||$750 – $1000||Price spiked to $1000 briefly, and then settled in the $800–$900 range for the rest of the month.|
|Feb 2014||$550 – $750||Price fell following the shutdown of Mt. Gox before recovering to the $600–$700 range.|
|Mar 2014||$450 – $700||Price continued to fall due to a false report regarding bitcoin ban in China and uncertainty over whether the Chinese government would seek to prohibit banks from working with digital currency exchanges.|
|Apr 2014||$340 – $530||The lowest price since the 2012–2013 Cypriot financial crisis had been reached at 3:25 AM on April 11|
|May 2014||$440 – $630||The downtrend first slows down and then reverses, increasing over 30% in the last days of May.|
|Mar 2015||$200 – $300||Price fell through to early 2015.|
|Early Nov 2015||$395 – $504||Large spike in value from 225-250 at the start of October to the 2015 record high of $504|
|May – June 2016||$450 – $750||Large spike in value starting from $450 and reaching a maximum of $750.|
AFRICOIN ADVANTAGES AND FEATURES
Small total circulated coins – 50,000,000 coins
Easy convertibility from digital currency to fiat money.
Very large merchants base for spending your AFC
Fast growing ecosystem – AFC community growing at over 1,000 members weekly.
The Africoin AFC pre-launched at $0.001 per coin and it is expected to be listed at $1 per coin on major exchanges after the official launch in February 2017. Speculators and investors are already trading the currency for quick gains as the AFC community grows. At the moment the AFC has risen more than 2,000% within few weeks of pre-launch and this trend is expected to continue into mid-2017.
DIGITAL CURRENCY ADOPTION BY GOVERNMENTS
As of 2016, over 24 countries are investing in distributed ledger technologies (DLT) with $1.4bn in investments. In addition, over 90 Central Banks are engaged in DLT discussions, including implications of a Central Bank issued digital currency.
The Bank of Canada has explored the possibility of creating a version of its currency on the block-chain.
The Bank of Canada teamed up with the nation’s five largest banks — and the block-chain consulting firm R3 — for what was known as Project Jasper. In a simulation run in 2016, the central bank issued CAD-Coins onto a block-chain similar Ethereum. The banks used the CAD-Coins to exchange money the way they do at the end of each day to settle their master accounts.
A deputy governor at the central bank of China, Fan Yifei, wrote that “the conditions are ripe for digital currencies, which can reduce operating costs, increase efficiency and enable a wide range of new applications.”. According to Fan Yifei, the best way to take advantage of the situation is for central banks to take the lead, both in supervising private digital currencies and in developing digital legal tender of their own.
The Danish government proposed getting rid of the obligation for selected retailers to accept payment in cash, moving the country closer to a “cashless” economy. The Danish Chamber of Commerce is backing the move. Nearly a third of the Danish population uses MobilePay, a smartphone application for transferring money.
The Dutch central bank is experimenting with a bitcoin-based virtual currency called “DNBCoin”.
Government-controlled Sberbank of Russia owns Yandex.Money – electronic payment service and digital currency of the same name.
South Korea plans national digital currency using a Blockchain. The chairman of South Korea’s Financial Services Commission (FSC), Yim Jong-yong, announced that his department will “Lay the systemic groundwork for the spread of digital currency.”
In 2016, a city government first accepted digital currency in payment of city fees. Zug, Switzerland added bitcoin as a means of paying small amounts, up to SFr 200, in a test and an attempt to advance Zug as a region that is advancing future technologies. In order to reduce risk, Zug immediately converts any bitcoin received into the Swiss currency.
Swiss Federal Railways, government-owned railway company of Switzerland, sells bitcoins at its ticket machines.
The Chief Scientific Adviser to the UK government advised his Prime Minister and Parliament to consider using a blockchain-based digital currency.
The chief economist of Bank of England, the central bank of the United Kingdom, proposed abolition of paper currency. The Bank has also taken an interest in bitcoin. In 2016 it has embarked on a multi-year research programme to explore the implications of a central bank issued digital currency. The Bank of England has produced several research papers on the topic. One suggests that the economic benefits of issuing a digital currency on a distributed ledger could add as much as 3 percent to a country’s economic output. The Bank said that it wanted the next version of the bank’s basic software infrastructure to be compatible with distributed ledgers.
The National Bank of Ukraine is considering a creation of its own issuance/turnover/servicing system for a block-chain-based national cryptocurrency. The regulator also announced that block-chain could be a part of a national project called “Cashless Economy”.
WHAT CAN I BUY WITH AFRICOIN?
You can use your Africoin to pay for major Airline tickets, book hotels, pay for Cable TVs (DSTV, GOTV, MyTV Africa etc.) after its official launch in February 2017.
You can also use it to pay for movie tickets, shop online for items like mobile phones, computers, clothing, furniture etc. Major tech vendors like Microsoft, Dell, and Amazon etc. will be accepting Africoin as a payment option for their goods and services.
HOW DO I MAKE MONEY WITH AFRICOIN?
Holding some thousand units of Africoin AFC is a sure way to get out of poverty and become a multi-millionaire over a period of 6months or a year. This trend has been replicated severally and this is Africa’s chance to also produce several millionaires from the digital currency experience.
To create wealth, buy at least 1,000 AFC and hold for a while (6-12months) for none traders while for speculators or investors, buy hundreds of thousands of AFC and sell step-wisely as the price increases. At this pre-launch stage, you can purchase AFC blocks at almost the #Genesis price of $0.01(N5) per coin. AFC blocks are in multiple of 50,000 coins (units).
Africoin is currently traded in several exchanges and speculators are pushing the price higher daily and the AFC community is growing helping to push the demand for the limited 50million coins higher. Prices are expected to climb above $10 before the end of 2017. Buying a block of AFC now for just about $500 will be valued for over $500,000 before the end of 2017. Only visionary investors can see this while the opportunity is open.
AFRICOIN QUICK START
Step 1: Account Creation:
To get started, visit http://africo.in and signup or visit an Africoin partners’ office near you and they will take you through the process.
Step 2: Buying Africoin:
Once signed up, a digital wallet will be created for you. Your digital wallet holds all your Africoins. You are expected to fund your wallet using any of the Africoin exchangers near you. A unit of Africoin AFC is officially valued for about $0.15 per coin. Send a mail to firstname.lastname@example.org to purchase your Africoins.
Step 3: Track Price Movement:
Once your wallet is funded, you are ready to make profits from price movements. You can constantly track the official AFC price from https://africo.in or from your social group on WhatsApp, Facebook or from other members who are well updated.
Step 4: Taking Your Profit:
Assuming you bought 100,000 AFC at $0.001 per unit for $100. When the price grows to $0.02, your investment would have risen to $2,000 from the initial $100 invested. This implies a $1,900 profit made. To take out this profit, you simply contact an exchanger and convert your AFC coins back to money (fiat). The dollar value (or money in your local currency) will be paid to you directly to your bank account by the exchanger.
HOW DO I BUY AFRICOIN
You buy Africoin through exchangers. You are expected to pay in your local currency to the exchanger while he will in turn credit your wallet with Africoin. The price per unit changes regularly and because of the relative scarcity of the AFC at the moment prices are spiking. The average rate exchangers are selling the AFC at the moment is within this range $0.15 – $0.149.
You can also buy Africoin from members who have Africoins and are willing to sell to you. At the moment all 40,000,000+ coins are already distributed across the Africoin community.
During this pre-launch stage, you can buy Africoin Blocks for far less the current market price if you are a networker and can distribute the coins quickly. AFC blocks come in 100,000 units. An AFC block can be purchased from exchangers for as low as $0.005 per coin. For further details, send an email to email@example.com
You can purchase AFC directly from Africoin at the official rate of $0.15 per coin by sending a Bitcoin payment to the address below (These prices may change):
GENESIS BLOCKS PURCHASE
You can also purchase a #Genesis block at the genesis prices below:
10,000 AFC block cost $750. Pay to Bitcoin address: 1FLgrKHFPJz8RPJjpnziitQdV5BUo6sZAH
25,000 AFC block cost $1000. Pay to Bitcoin address: 1FLgrKHFPJz8RPJjpnziitQdV5BUo6sZAH
50,000 AFC block cost $1500. Pay to Bitcoin address: 1FLgrKHFPJz8RPJjpnziitQdV5BUo6sZAH
You need to send us your username or email and full name after making payment for your Africoin units. Your AFC wallet will be credited within 3hrs of receiving credit.
Send notification to firstname.lastname@example.org and also copy email@example.com.
You can also buy Africoin through your country’s national and state representatives for Africoin. You are expected to pay in your local currency to the Africoin while he will in turn credit your wallet with Africoin. The price per unit changes regularly and because of the relative scarcity of the AFC at the moment prices are spiking.
HOW DO I SELL (EXCHANGE) MY AFRICOIN?
To sell your coin, you simply exchange it through any of the crypto-currency exchange platform AFC is listed on. After the Official launch of Africoin this February, AFC will be listed in several cryptocurrency exchanges around the world. You can also transfer AFC to other members using the Transfer button.
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