What is AFROCHAIN Project?

What is AFROCHAIN Project?

AFROCHAIN is the first blockchain for Africa. It is the first step toward building a free economy for everyone, giving back the power in the hands of the people of Africa and Africa diaspora. An entire ecosystem is to be built on the AFROCHAIN blockchain.

AFROCHAIN native coin is called Afrochain Token (AFR), a Afrochain Token suitable for African-market usage in line with its vision to provide access to financial services for everyone. Users will be able to their own project on the Afrochain mainet. The Afrochain ecosystem will enable users to have access to education, payments, exchange, trading and investing, and lots more.

AFROCHAIN Vision:

To use Blockchain Technology to improve the lives of Africans and African friends. To banks that do not have bank accounts by giving them access to financial services through education and equipping individuals and traders with tools and access to the Afrochain ecosystem.

Why AFROCHAIN ?

Practices and challenges of cryptocurrency in Africa 

Large-scale adoption in Africa, however, is still slow. Awareness, education and user experience are some reasons why the take-up is taking time. Switzerland and Singapore are both successful countries with strong currencies, and as such have nothing to lose by embracing Fintech and cryptocurrency. Countries with high inflation and currency controls in place seem to be paranoid about the rise of crypto currency. However, similar to the Internet, it is difficult to ban and/or control.

Afrochain token (AFR) cryptocurrency technology empowers both consumers and producers in all industries with an independent, decentralized banking solution. 

Consumer Advantages: 

● Decentralized: The servers are decentralized and distributed into various servers which connected to a single network.

● Anonymous: With Afrochain (AFR), you don't have to provide your personal information or credit card info. This secures your privacy rights against the legal whims of future administrations and makes identity theft virtually impossible.

● Secured: Afrochain (AFR) is protected by next generation cryptography - beyond current military standards. This ensures that no one, including state actors, can unilaterally transfer your funds.

● Transparent Everyone can view the transaction history on the AFROCHAIN Blockchain here on the Etherscan Block Explorer .

What does the Afrochain Platform offer?

The various services provided by the Afrochain Platform via Coins (AFR) along with Etherium’s Smart Contract blockchain system, enhance the Afrochain ecosystem, create solutions for Africa and other users. Some of these services are categorized as.

• A system of trust and reputation that can be transferred throughout the world

This system is designed and developed to fulfill the service aspect to the user when making transactions, Blockchain will record all things or information that is carried out on the transaction. all information can only be accessed by users. Smart contracts greatly increase the trust of users involved in this project.

• Payment solutions through the Mobile gateway

Afrochain, along with Etherium Blockchain, allows users to create a mobile payment system uses a distributed system Afrochain by exchanging digital currency into fiat currencies can be received by a local.

• To enable the African economy to include blockchain technology.

The Afrochain platform globally will develop a digital platform for payment solutions. aims to allow users to easily make various payments or transactions. With Blockchain will change the entire African economy

• Cellular payments: There has been a major shift in cellular payments.

Estimates of the number of mobile payment users in US stores reached 150% in 2020. And in 2016, consumers have reached $ 47.6 purchase of physical goods long distances. some countries can not enjoy infrastructure with monetary stability, such as Africa, it is only available to users who do not have access rights stable and dynamic transaction. Afrochain believes that blockchain can change all that. simplify the entire experience of buyers and sellers. Integration of third-party applications will be added in time, with the goal of creating a complete and efficient ecosystem, which is preparing a new generation of users to e-commerce. AfroWallet Ethereum will be integrated into the Escrow system.

Roadmap:

Q 2 - 2018

- Recruitment.

- Feasibility Studies to help teams connect to exchange information on a PoS network.

- Whitepaper preparation. Website & wallet development.

Q 3- 2018

- Launch AFROCHAIN Website, DdoS Attack Protection.

- Presale Program 7,500,000 million coins will be sold.

- Marketing push & technical support, Development Security improvement

Q 4 - 2018

- ICO Program Initial Coin Offering (ICO): 18,750,000 million coins will be sold.

- Launch AFRO-DEX Platform Development (AFRO-DEX is Decentralized Digital Asset Platform for ERC20 token Exchange.)

- Launch AFRO STAKING Platform, AFRO Staking Platform is New Ecosystem for Increase Value and Demand of AFROCHAIN Token. Get 10% Affiliate Bonus, 10% Staking Bonus every 15 Days, it mean your passive profit is 20% monthly. 

Q 1 - 2019

- Processing Listed on external exchange and Coinmarketcap.com Development of a prototype device & Preparation for card issuance

- Launch Afro Marketplace

- Configuration and support customer helpdesk

Q 2 - 2019

- Start Development of Nilechain on the AFROCHAIN blockchain. Nilechain is an ecosystem that will be focus on improving the quality of life of African communities and its people. Through the Nilechain foundation, funds raise will help build water projects all across Africa, Solar electricity for all, bringing clean water to homes, and building Schools and Shelters.

- Launch Nilechain Foundations. Building infrastructure of the African continent, Water projects.

- Technical and legal fulfillment of the project, as well as creating partnerships with business partners.

- Target Asian, Europe, Africa market, Korean, Japan, Thailand, Malaysia, Russia, Greece. 

Q 3 - 2019

- Launch AFROPAY, Payment platform

- Start Developing the interface for Web Wallet, Android and IOS on the AFROCHAIN Mainet.

Q 4 - 2019

- Launch of AFROCHAIN Mainet.

2020 - 2022

- Improve on Network security, New website Design. New age of the AFROCHAIN Blockchain.

Token Sales Detail:

Name Token: AFROCHAIN  

Symbol: AFR  

Max Supply: 75M AFR  

Total Supply: 26,250,000 AFR (Pre ICO & Public ICO)  

Hardcap: 11,250 ETH ($ 5,625,000)  

Softcap: 3,750 ETH ($ 1,875, 000)  

Exchange Rate – Pre Sales : 5000 AFR = 1 ETH ($ 0.1 / AFR)  

Project protocol: ERC20 ETHEREUM Platform  

Target Price December / 2018: $ 10 / AFR  

Update: August 1, 2018

Token Distribution

Available for Private Sales: 7,500,000 AFR  

ICO General Sales: 18,750,000 AFR  

Detained for Teams & Developers: 11,250,000 AFRs (Locked)  

Reserved for Future Development: 18,750,000 AFR Intended  

for Marketing Gifts: 18,750,000  

Total Available AFR Token: 75,000,000 AFR

For more information:

website: https://afrochain.co/

Whitepaper: https://afrochain.co/AFROCHAIN_WHITEPAPER.pdf

Telegram: https://telegram.me/afrochannel

Medium: https://medium.com/@afrochain.dev/afrochain-private-sale-ae8544d0e166

Bitcointalk: https://bitcointalk.org/index.php?topic=4886741

GitHub: https://github.com/afrochain

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373