Africunia providing Global Banking and Financial Services on the Blockchain
AFRICUNIA is introducing an innovative banking model that allows the use of digital currency without hurdles, risks and technical barriers linked with owning, transferring, and trading in crypto currencies and tokens. Open exclusively for investment during ICO, AFRICUNIA is a third generation closed-end fund that uses the AFRICUNIA BlockchainTechnology to create a peer-to-peer cryptocurrency called AFCASH.
OVERVIEW
AFRICUNIA is registered in the United Kingdom as AFRICUNIA LIMITED, providing Global Banking and Financial Services. The “CUNIA” in “AFRICUNIA’ comes from the Latin word “PERCUNIA” meaning “money” or “cash.” whereas “AFRI” is the abbreviated version of AFRICA. Therefore translated - AFRICUNIA means African Money or African Cash. In a nutshell, here is how AFRICUNIA intends to revolutionize aspects of tokenized investments:
- Providing instant, low-cost international payments by allowing conventional banks adopt the proposed Blockchain Technology just like SWIFT BIC.
- Assisting financial institutions to transfer money to international banks in real-time across diverse multi-layer networks.
- Ensuring a technology that complies with regulatory and security requirements.
- Implementing Digital Pass Technology that will serve as automation and digitalization system which integrates several industries to access financial and industrial services at a click.
- Developing the first Crypto-based POS (Point of Sale) System Developing a cost effective, seamless and easy to mine non browserbased and browser-based coin mining for simplicity.
- Projecting and enabling Internet of Value across global e-commerce
- Developing a Hybrid Technology that combines two systems in one, that is Proof-of-Work (POW) and Proof-of- Stake (POS) with proven high speed performance and intensified/elevated security
Developing SECURE WALLETS Systems (Offline Wallets, Online Wallets, Ultra Thin Smart Wallets) with high security and safe storage."AFRICUNIA" will be the very first Cryptocurrency launch out of Africa. This new banking platform will lead the way for the Global Banking System to bridge the gap between fiat and cryptocurrencies. Africunia is a virtual bank that will be issuing AFCASH using AFRICUNIA Blockchain 3.0 Technologies. It is well positioned to become an industry standard for seamless funds tokenization and management by leveraging its own Blockchain Technology. Africunia is registered in the UK as AFRICUNIA LIMITED to provide banking and financial services.
At the heart of Africunia’s mission is to bring about investment globalization, transparency and decentralization to the next level by leveraging Blockchain Technology.
Here are their primary value propositions:
• Offering The Best of Both Fiat and The Cryptocurrency World: The majority of tokenized investment platforms are either fully crypto-oriented or are pegged to some tradable assets such as gold or fiat currency. Africunia intends to create a platform that allows users to gain from both.
• Promoting Sustainable Investment of Funds: All the tokenized funds will be reviewed and approved by their legal advisors to make sure they are fully compliant with the existing laws and regulations.
• Developing a Standardized Platform: Africunia believes that this is the right time to launch industry standards for setting up the tokenized investment platforms.
• Enhanced Transparency: The tokenization of interests in funds, or shares in profits, provides accountability and transparency to the investment process.
• Scalable Fund Development: By using the Africunia platform, any approved investment manager can setup and run a tokenized investment fund without going through the pain and effort of developing the necessary IT and legal infrastructure.The AFRICUNIA
ROADMAP
10th July 2017 to 1st January 2018 : RESEARCH AND EXPERIMENT Researching and experimenting with the APCA will be our first step in the Africunia journey. Our developers will develop dummy prototype of Blockchain system based on APCA and test it for correctness, consensus, and utility. We are already researching and experimenting with the APCA and its application in Blockchain. This phase will run up to 1st January 2018.
1st December 2017 to 31st December 2017 PRE-ICO The AFCASH pre-order will open on 1st December 2017 and run for 4 weeks up to 31st December 2017. We are targeting a yearly supply of 1 Billion AFCASH tokens but ICO circulating supply of 500 Million AFCASH.
1st January 2018 to 31st May 2018 - ICO The AFCASH ICO will start on 1st January 2018 and run for 5 months up to 31st May 2018.
1st July 2018 to 31st July 2018 - DEVELOPMENT OF BLOCKCHAIN PROTOTYPES At this stage, we will develop a Blockchain prototype that will help to eliminate ambiguities and enhance accuracy with our AFCASH crypto. We expect this step to take 4 weeks and will run from 1st July 2018 to 31st July 2018.
1st August 2018 to 30th September 2018 - DEVELOPMENT OF THE BLOCKCHAIN BETA VERSION A beta version of our AFCASH cryptocurrency will be developed to help developers understand the ecosystem better as further ambiguities are eliminated. We expect this phase to take a maximum of 8 weeks.
1st October 2018 to 31st October 2018 - TESTING OF THE ECOSYSTEM We will test the system as a whole and ensure it is working properly and is interoperable with existing systems. This stage will take a maximum of 4 weeks and will run from 1st October 2018 to 31st October 2018.
1st November 2018 to 30th November 2018 - COMPLETE DEVELOPMENT OF OUR BLOCKCHAIN TECHNOLOGY We expect the complete Blockchain Technology to be finished by 30th November 2018.
1st December 2018 - LAUNCH OF THE BLOCKCHAIN AND ECOSYSTEM We hope to launch the Blockchain Ecosystem on 1st December 2018.
December 2018 - SOLIDIFICATION AND EXPANSION OF THE TECHNOLOGY After the launch on December 1, the project will undergo continuous maintenance and development to address all IoT, Machine Learning and big data concerns.
TOKEN STRUCTURE
GREAT BENEFITS AWAIT INVESTORS
AFRICUNIA platform will benefit both the crypto investors and fiat investors. Here are some of the benefits for the crypto investors:
- New opportunities to access the assets from the fiat universe without leaving the comfort of the crypto universe.
- Unprecedented diversification opportunities because of the low correlation between the fiat and crypto assets.
- Access to a broad range of investment opportunities that have a lower risk profile to complement and balance the existing speculative exposures.
Here are some advantages for the fiat-investors:
- Provision of higher net returns, thanks to cost-efficient structure of the tokenized funds
- Access to new classes of assets because of lower barriers for a fund set up and administration on the AFRICUNIA platform.