We Successfully Completed our ICO. Now What?

AFROCHAIN
4 min readDec 12, 2018

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Next stage: listing on external exchange and Building our decentralised platform AFRODEX.

We did it, folks. We successfully completed our Public Token Sale of AFR, and we couldn’t have done it without you — our incredibly supportive community. From the entire team here at Afrochain, we’d like to thank you for being part of this journey.

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.

Token Distribution

Users who participated in the public sale received tokens automatically through the smart contract, and private sale participants have already received their tokens. Those who participated in Bounty and selfdrop will receive their reward AFR tokens within the next 60 days.

What’s next for AFROCHAIN?

As promised, we plan on working tirelessly to deliver the best platform for the African market.

In the coming months, you can look forward to the initial stages of the official Afrodex platform launch. We’ll also plan on upgrading the website to make it more iteractive for our community. So buckle up, Afromates! It’s gonna be a fun ride.

We want to make sure you’re all up to speed on the progress we’re making, so make sure to follow us on our social media platforms:

Twitter : https://twitter.com/afrochain_afr

Telegram : https://telegram.me/afrochannel

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

Afrocoin (AFRO) is creating a worldwide, Distributed, trust and reputation solution that shall work seamlessly with mobile money gateways on the Ethereum blockchain riding on the smart contracts technology.

3.1 Worldwide transferable trust and reputation system

The Afrocoin system is designed in such a way that whenever a transaction is made, the system, that is, the blockchain, will record aspects of the transaction including time, receiving and sending wallet addresses, warranty conditions, delivery time and such other required information to safeguard the integrity and trust of the system. To achieve this, confidential information will only be available to authorized users in a designed user interface. Based on those facts, Customers and Merchants will be able to register, resolve claims and rate each other, etc. when a transaction occurs, claim recorded, resolved/unresolved based on the purchase details recorded when the purchase was made, review written, etc., the smart contracts will automatically change the trust level for each of the parties involved.

3.2 Payment solutions through Mobile gateways

With the aid of the Ethereum blockchain one can make payments with 1 step & 1 fee, which results in accepting payments at an economical fee. After integration with Afrochain, Merchants will be able to: — Use our Distributed trusted and reputable system. Accept Ethereum based tokens. Accept mobile payments. Exchange cryptocurrency to their locally acceptable fiat currency.

3.3 To enable African Economies to be blockchain tech equipped. The Afrochain platform only allows Merchants t o e n g a g e i n a t r u s t f u l Distributed global economy. It also provides a platform for Merchants to reach the growing digital asset economy through our payment solution. With the growing need for blockchain technology, Afrocoin (AFRO) will be the launch pad for easily accessible blockchain technology that will be easily integrated in both private and government economies in Africa.

3.4 Mobile payments There has been a huge shift in mobile payments. According to Mobile Payments World, the number of in-store mobile payment users in the U.S. is predicted to reach 150 million by the end of 2020 — which will represent 56% of the consumer population at that time. Juniper Research estimates that in 2016, U.S. Consumers bought $47.6 billion of physical goods via remote mobile payments. These figures represent countries which enjoy proper digital infrastructure and monetary stability. The same cannot, however, be the case for the billions of people who live in countries which do not enjoy such infrastructure, and where monetary stability is a problem such as South Sudan, Zimbabwe,Nigeria, Mali, Uganda, and Cameroon and many other African countries. It is then only reasonable to come up with payment systems and solutions for populations who do not otherwise enjoy access to stable environments for financial transactions, otherwise known as “the unbanked people of the world.”

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