EXECUTIVE SUMMARY
The Blockchain is an undeniably ingenious invention and the good news
is we are developing one. Our Blockchain Technology will Decentralize
Every System, and would incorporate the following features: scalability,
flexibility, and usability. It would be expandable, would have SMART
CONTRACTS with provision for other Blockchain applications and
business startups to develop off our Blockchain. Africunia Blockchain
Technology will include browser-based ECOSYSTEM for simplicity and
adaptability. We are also developing Digital Pass Technology and most
importantly we will meet Security and USER EXPERIENCE (UX)
requirements. We are building something on the lines of a Security
Token (Digital Coin), which would have an additional layer, called the
legal layer in order to incorporate standardized banking KYC / AML
protocols, thus we are combining features and attributes of modern
banking with digital currency.
is we are developing one. Our Blockchain Technology will Decentralize
Every System, and would incorporate the following features: scalability,
flexibility, and usability. It would be expandable, would have SMART
CONTRACTS with provision for other Blockchain applications and
business startups to develop off our Blockchain. Africunia Blockchain
Technology will include browser-based ECOSYSTEM for simplicity and
adaptability. We are also developing Digital Pass Technology and most
importantly we will meet Security and USER EXPERIENCE (UX)
requirements. We are building something on the lines of a Security
Token (Digital Coin), which would have an additional layer, called the
legal layer in order to incorporate standardized banking KYC / AML
protocols, thus we are combining features and attributes of modern
banking with digital currency.
Since its launch in 2009, the Blockchain Technology together with its
underlying technologies has triggered tech and social revolution waves
that have sent ripples across a horde of industries. Today, it is not just
the financial sector that is using the Blockchain Technology, but other
industries such as Healthcare Providers, Insurance Companies,
Governments, and IoT. The applications using the Blockchain
Technology seems limitless.
underlying technologies has triggered tech and social revolution waves
that have sent ripples across a horde of industries. Today, it is not just
the financial sector that is using the Blockchain Technology, but other
industries such as Healthcare Providers, Insurance Companies,
Governments, and IoT. The applications using the Blockchain
Technology seems limitless.
One thing is for sure: the Blockchain Technology is here to stay
just as the internet has over the past two decades. But amidst the
hype about the Blockchain Technology and the digital currencies,
their adoption in the mainstream financial industry has been
disastrous.
just as the internet has over the past two decades. But amidst the
hype about the Blockchain Technology and the digital currencies,
their adoption in the mainstream financial industry has been
disastrous.
Already, several banks have started to develop a foolproof
methodology and standards that align the technology with responsible
innovation. In 2016, IMF and the World Bank held a conference that
was hosted by the U.S Federal Reserve where an estimated 90 Central
Banks committed themselves to researching into Distributed Ledger
Technology (DLT), the Blockchain and the digital currencies to create a
responsible digital currency.
methodology and standards that align the technology with responsible
innovation. In 2016, IMF and the World Bank held a conference that
was hosted by the U.S Federal Reserve where an estimated 90 Central
Banks committed themselves to researching into Distributed Ledger
Technology (DLT), the Blockchain and the digital currencies to create a
responsible digital currency.
INTRODUCTION TO AFRICUNIA.
(OUR VISION)
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. Mean translated - AFRICUNIA means African
Money or African Cash.
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. Mean translated - AFRICUNIA means African
Money or African Cash.
AFRICUNIA intends to bring investment globalization, transparency,
and decentralization to the next level by leveraging the ubiquitous
Blockchain Technology. AFRICUNIA offers a vision for the new
standard of tokenized investment platforms that will help to bridge the
gap between the fiat and the crypto universes. At its core, AFRICANIA
will focus on all aspects of tokenized investment vehicles ranging from
technology and infrastructure to legal compliance and the corporate
structuring. In a nutshell, here is how AFRICUNIA intends to
revolutionize aspects of tokenized investments:
and decentralization to the next level by leveraging the ubiquitous
Blockchain Technology. AFRICUNIA offers a vision for the new
standard of tokenized investment platforms that will help to bridge the
gap between the fiat and the crypto universes. At its core, AFRICANIA
will focus on all aspects of tokenized investment vehicles ranging from
technology and infrastructure to legal compliance and the corporate
structuring. 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.
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.
banks in real-time across diverse multi-layer networks.
• Ensuring a technology that complies with regulatory and security
requirements.
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.
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 non mine
browser-based and browser-based coin mining for simplicity.
browser-based and browser-based coin mining for simplicity.
• Projecting and enabling the Internet of Value across global e-
commerce
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
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.
Wallets, Ultra Thin Smart Wallets) with high security and safe
storage.
• It's very important to emphasize that our Blockchain Technology is
a multisystem Blockchain that combines bank to bank paper
money transfer like the current SWIFT / BIC system but instant,
peer-2-peer cryptocurrency transfer, Fiat / Forex / Coin
Trading / Exchange / Lending MarketPlace, Smart Contracts, Open
APIs, Artificial Intelligence (AI), Crypto-based Point of Sale (PoS),
Digital Pass Technology ALL IN ONE PLACE.
Furthermore,
a multisystem Blockchain that combines bank to bank paper
money transfer like the current SWIFT / BIC system but instant,
peer-2-peer cryptocurrency transfer, Fiat / Forex / Coin
Trading / Exchange / Lending MarketPlace, Smart Contracts, Open
APIs, Artificial Intelligence (AI), Crypto-based Point of Sale (PoS),
Digital Pass Technology ALL IN ONE PLACE.
Furthermore,
AFRICUNIA BLOCKCHAIN TECHNOLOGY will give users the
choice to choose to mine AFCASH in any modern web browser
and or none web browser (hardware) in a hybrid combination of
Proof of Work + Proof of Stake algorithm. We think this sums up
the massive "machine" we are developing.
choice to choose to mine AFCASH in any modern web browser
and or none web browser (hardware) in a hybrid combination of
Proof of Work + Proof of Stake algorithm. We think this sums up
the massive "machine" we are developing.
We intend to bridge the gap between these two worlds while
taking the advantages of both worlds. Here are our primary values
propositions:
taking the advantages of both worlds. Here are our primary values
propositions:
THE CRYPTOCURRENCY INFRASTRUCTURE
It is a fact that the 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.
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.
At best, these hurdles can be looked at from three perspectives:
correctness, consensus, and utility.
correctness, consensus, and utility.
a) Correctness
The distributed system should be able to differentiate between a valid and
a fraudulent transaction. In the conventional fiduciary settings, this work
should be done by institutions and cryptographic signatures that
guarantee that a transaction is indeed coming from the institution that it
is claiming to be coming from. However, in the decentralized systems,
there is no such trust, as the identity of all the members in the network are
anonymous.
The distributed system should be able to differentiate between a valid and
a fraudulent transaction. In the conventional fiduciary settings, this work
should be done by institutions and cryptographic signatures that
guarantee that a transaction is indeed coming from the institution that it
is claiming to be coming from. However, in the decentralized systems,
there is no such trust, as the identity of all the members in the network are
anonymous.
b) Consensus
Consensus helps to achieve a single global truth in the face of a
distributed accounting system. For instance, a malicious user can make
two concurrent transactions with only enough funds in their account to
cover each transaction individually, but not both together. In such a
case, the transaction will be valid, but the whole network is not aware
of both transactions.
Consensus helps to achieve a single global truth in the face of a
distributed accounting system. For instance, a malicious user can make
two concurrent transactions with only enough funds in their account to
cover each transaction individually, but not both together. In such a
case, the transaction will be valid, but the whole network is not aware
of both transactions.
c) Utility
By utility, we mean the usefulness of the distributed payment system,
which in most cases, simplifies to the latency of the network. For instance,
a decentralized system that is both correct and in consensus but which
takes one year to process the transaction is of course not useful. At best, a
high utility system that incorporates levels of computing power to offer
correctness and consensus.
By utility, we mean the usefulness of the distributed payment system,
which in most cases, simplifies to the latency of the network. For instance,
a decentralized system that is both correct and in consensus but which
takes one year to process the transaction is of course not useful. At best, a
high utility system that incorporates levels of computing power to offer
correctness and consensus.
THE ICO STRUCTURE
AFRICUNIA BANK will manage the AFCASH Cryptocurrency
(AFCASH). Being a tokenized investment, AFRICANIA BANK 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 will open on 1st December 2017 and run up
to 31st December 2017. We are targeting creating 100 Million AFCASHs.
(AFCASH). Being a tokenized investment, AFRICANIA BANK 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 will open on 1st December 2017 and run up
to 31st December 2017. We are targeting creating 100 Million AFCASHs.
AFCASH's ICO will begin on 1st January 2018 and 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 have exclusive rights
to the company's revenue, and you can begin to receive an immediate
income stream from the first fund that will be created on the
AFRICUNIA platform.
to 31st March 2018. After the ICO is over the tokens can be withdrawn
from the ICO platform and participants will have exclusive rights
to the company's revenue, and you can begin to receive an immediate
income stream from the first fund that will be created on the
AFRICUNIA platform.
HOW TO PARTICIPATE IN THE ICO
We will allow participants to invest
methods:
We will allow participants to invest
methods:
• Direct Credit or Debit card purchase that will be availed on the
website.
website.
• Using the NAIRA, USD, EURO, and POUNDS STERING fiat
currencies using Debit / Credit Cards and SWIFT transfers.
currencies using Debit / Credit Cards and SWIFT transfers.
• Direct purchase on our website platform using the following
cryptocurrencies:
BITCOIN
(BTC)
ETHEREREUM
(ETH)
RIPPLE
(XRP)
LITECOIN
(LTC)
DASH
(DASH)
$ € £ ₦
DOGECOIN
cryptocurrencies:
BITCOIN
(BTC)
ETHEREREUM
(ETH)
RIPPLE
(XRP)
LITECOIN
(LTC)
DASH
(DASH)
$ € £ ₦
DOGECOIN
Here is how the tokens will be divided:
• The public contributors will be allocated 50% of the AFCASHs.
• The company reserve will be assigned 30% of the AFCASHs. The
reserve will form part of the company's source income after the
distribution
period and will be allocated on a partial basis among the direct
contributors and the core team of the business where necessary.
reserve will form part of the company's source income after the
distribution
period and will be allocated on a partial basis among the direct
contributors and the core team of the business where necessary.
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.
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.
TOKEN DETAILS
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
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
SHARING REVENUE: At the end of 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 Coin Users in their
respective Wallets. In other words, you are entitled to AFRICUNIA
BANK's revenue. Consider this as a PASSIVE INCOME.
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 Coin Users in their
respective Wallets. In other words, you are entitled to AFRICUNIA
BANK's revenue. Consider this as a PASSIVE INCOME.
ROADTOMAP
For more details please contact the link below:
FACEBOOK :https://www.facebook.com/africunia/
WEBSITE :http://www.africunia.com/
TWITTER :https://www.twitter.com/africunia/
ANN THREAD :https://bitcointalk.org/index.php?topic=2847593
MEDIUM :https://medium.com/@africunia
GITHUB :https://github.com/africunia
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