Johannesburg - The Initial Coin Offering (ICO) for SAFCOIN, an exclusive African cryptocurrency that aims to make digital currency investment easy and understandable for everyone in Africa, is ending soon.
A total of 500 000 SAFCOIN tokens are available exclusively to South Africans during the ICO, which ends on October 31. This gives South Africans an opportunity to invest in SAFCOIN during the lucrative start-up phase, before the remaining 5 million crypto coins are listed on an exclusive African exchange.
At the same time, tokens purchased during the ICO will be migrated to coins for trading with African countries.
More than just a cryptocurrency
The lack of cryptocurrency knowledge in Africa meant Africans lost out on opportunities to invest in start-up currencies like Bitcoin, Litecoin and Ethereum when the electronic money rush started in 2010. If you had invested just $100 (R1 390) in Bitcoin back in 2010, you would now enjoy dividends of $75 million (R1 billion)!
By only opening the ICO to South Africans, SAFCOIN hopes to raise awareness and education levels among ordinary South Africans.
One currency for Africa
"Our goal is to see SAFCOIN become a widely accepted form of payment across the entire African online trading community," says Neil Ferreira, director and co-founder at blockchain company FHM and co-founder of SAFCOIN. "We want to boost African trade and simplify the cross-border payment processes between countries by eliminating red tape and bulky transaction processes.
"The SAFCOIN team are extremely excited to see the fruition of the project and working hard behind the scenes to make the cryptocurrency and the accompanying developments a success."
South African e-commerce revenue is expected to reach $3.131 million in 2018, growing at a compound annual growth rate of 13.7% to reach $5.239 million in 2022. By then, e-commerce user penetration is expected to hit 43.8%, from 34.8% in 2018.
The SAFCOIN team are extremely excited to see the fruition of the project and working hard behind the scenes to make the cryptocurrency and the accompanying developments a success.
SAFCOIN has been launched as part of a larger movement to create an impetus for a continent-wide digital currency - much like the Euro, for Africa. With the increase in the use of SAFCOIN, we anticipate creating a versatile e-commerce industry throughout Africa, such that a larger business and economic impact is made in terms of efficient transactions, greater economic co-operation between participant countries and consumer safety vis-a-vis the payment process.
During the Initial Coin Offering (ICO), 500 000 SAFCOIN tokens will be made available to investors with a valid South African bank account, for just R70 per token.
"We want to make cryptocurrency trading as accessible as possible, to as many Africans as possible," says Ferreira. "So it was crucial that our platform was easy to use, secure, and that the tokens were affordable. For the price of a takeaway meal, South Africans can be part of the growing cryptocurrency movement."
How to register:
You can become a cryptocurrency investor in under 10 minutes. Here's how:
- Visit https://safcoin.co.za
- Register for free as a new user
- Select "Buy Tokens Now"
- Read through and accept the terms & conditions
- Select the number of tokens you'd like to buy, at R70 each
- Choose a verification method - email or text message - and enter the one-time password that will be sent to you
- Pay quickly and securely with i-Pay or direct EFT/Cash deposit
- That’s it. You're officially a cryptocurrency investor!
Ferreira says cryptocurrency is here to stay, as a store of wealth and as a revolutionary payment processing system with the ability to facilitate easy, affordable cross-border payments.
First SAFCOIN call centre opened in Garden Route
To assist interested investors who are unfamiliar with cryptocurrency trading, SAFCOIN opened its first South African call centre on the Garden Route in the Western Cape. The call centre will offer education and support services on cryptocurrency trading, online purchasing and cryptocurrency transferring across the continent. Support is currently offered in English, isiZulu, isiXhosa and Afrikaans, with plans to add more official languages in future.
SAFCOIN core values
- Passion: We are a very passionate country. Passionate about sport, passionate about culture and passionate about money.
- Appreciation: Appreciate each other. Appreciate each other's culture. And appreciate the opportunity.
- Simplicity: Keeping things simple. To the point
- Trust: Trust in each other. Believe in South Africa. Trust in the opportunity
- Ubuntu: I am because you are. SAFCOIN is because South Africa is. South Africa is because Africa is.
The world has never worked like this. Cryptocurrencies are the future and Bitcoin is proof that it works.
For more information and to secure your SAFCOIN tokens, visit www.safcoin.co.za.
To see the company White Paper, visit https://safcoin.co.za/static/images/Whitepaper.pdf.
Safcoin is a registered member of The Blockchain Association of Africa.