ImpalaCoin (ICM) — The Future of Trade and Banking in Africa and the Developing Market

Iim Rohimah
4 min readJan 6, 2019

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ImpalaCoin — ImpalaCoin is a cryptocurrency or digital currency that empowers Impala’s banks or financial networks. This project builds crypto banks which are trade and transactional financial inclusive. The main targets are informal paper cross-border trade, international SMEs, international supply chain support agencies and e-commerce businesses.

ICM uses POS-powered blockchain technology or proof of stake, where cryptocurrency networks can be distributed. This POS-based cryptocurrency creates the next block chosen based on random selection and wealth, namely stake (stake). The advantage, POS does not require power and high performance as in Bitcoin and Ethereum. However, ImpalaCoin can provide blockchain-powered Android POS so that it can launch trade activities such as buying, selling, and receiving crypto payments using both Mobile and card payments.

The Potential of the ImpalaCoin Project We Need to Know

Africa is a continent that is rich in human resources, talent, entrepreneurship, and mineral resources. In addition, it is also one of the fastest growing middle class in the world which is estimated to be around 350 million. But despite progress, Africa was burdened by a situation of poor economic leadership, difficult currency to convert and old colonial borders used for administration. Instead of being used as an economic market.

Banking penetration there and low insurance also affect 70 to 90% of people do not have bank accounts in Africa. This causes informal exchanges and the money transfer market to be constrained because of the potential for international trade to occur. This condition is also inappropriate when compared to the potential for large-scale transactions across borders.

Group Holding Company

Therefore, there is an urgent need to integrate all the countries in Africa above and bring them to the same intra-African financial and trading platform. ICM is building offline and online blockchain supported by digital banks or financial networks. This project will be the main foundation in building cross-border ecosystems in parallel and sustainable activities in developing crypto economies. ICM will also collaborate with other logistics players such as transportation, legal documentation for smart contracts, customs and tax authorities, warehousing, quality standards and certifications, fuel, and accommodation etc. ICM will be able to circulate in the ecosystem at least eight times before leaving as currency, making ICM the first currency that can be used in real life.

What is the Purpose of the ICM?

The objectives to be achieved by ICM are among others to transform, simplify and democratize transactional banking and banking trade in Africa and emerging markets. The target that can be achieved by ICM is to be a pioneer in cross-border trade cryptocurrencies, which enables international trade in the African continent and between Africa and its trading partners.

ICM Market Target and Potential

Potential is an important thing to know before cooperating with any company. In this regard, ICM has the potential to solve real global financial problems in Africa, including inflation from currencies, provide rural economies with access to global consumer and industrial goods, and encourage exports and savings in a stable currency.

The current annual trade value in intra-Africa is $ 1.2 trillion. As much as $ 600 billion in international remittances and $ 40 billion is part of Africa. In addition, there are 70% of borders across Africa and between Africa and international trade carried out by informal cross-border traders and SME traders. As much as $ 21 trillion in trade value in countries on the One Belt One Road trade route and $ 300 billion in annual international trade between China and Africa. As much as $ 30 trillion in cash trade in emerging markets, there are 690 million registered cellular money accounts, $ 1 billion in amounts processed through cellular money in a day, 338 million cellphone wallets in Africa, 73.2 million registered mobile money accounts in East Africa, and as much as 18 billion annual value of cross-border informal trade in East Africa.

Keistimewaan ICM untuk Dipertimbangkan

Ada banyak keistimewaan dan keunggulan ICM untuk dipertimbangkan oleh para investor cryptocurrency, di antaranya: sistem pemrosesan dan pengiriman pesan global, menyediakan solusi sumber tunggal untuk pemrosesan domestik dan internasional, menghilangkan biaya Hukum perdagangan dan Bank di Afrika, skalabilitas tinggi untuk semua jenis pembayaran, dompet multi mata uang universal yang dibuat di atas hub ICM, kontrak cerdas antara perusahaan di Cina dan Intra-Afrika, keandalan dan ketersediaan yang tak tertandingi, interoperabilitas real-time T-1 hari antara bank seluler dan IMT, mendukung volume tinggi, penanganan pembayaran kritis dan pengalihan pesan memungkinkan pemrosesan yang efisien dalam alur kerja yang sangat dapat dikonfigurasi.

Distribusi Token

Saat ICM mendapatkan lisensi perbankan regulasi, pemegang Token nantinyta dapat mengonversi Token mereka melalui penempatan pribadi di bawah aturan Mauritius Undang-Undang Jasa Keuangan. Ini adalah pembagian atau distribusi token ICM:

65% akan didistribusikan selama acara pembuatan token

25% untuk Tim, penasihat, dan mitra

7% untuk pengguna ICM Awal

3% untuk Program Bounty

Proyek ICM masih sangat terbuka untuk umum, sehingga pembaca dapat mengecek proyek ImpalaCoin sekarang juga melalui link-link berikut ini:

Website : http://impalacoin.network/

Whitepaper : http://impalacoin.network/wp-content/uploads/2018/11/white-paper-compressed.pdf

Penulis

Profile : https://bitcointalk.org/index.php?action=profile;u=843467

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Iim Rohimah

Iam a blogger, bounty hunter, and young lecture in Indonesia.