AFRICUNIA

Hi friends, let me let you in on an incredible news, it's AFRICUNIA - A 100% Fully Digital Crowdfunded Open Bank Based on The Blockchain Technology 3.0

PREAMBLE

The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Africunia, a platform that offers banking services using the Blockchain technology that has been developed in such a way, resulting in better and more revolutionary banking services.

ABOUT AFRICUNIA

"AFRICUNIA Blockchain Digital Bank would be a new and unique Financial Institution that would offer not only traditional banking services related to opening of savings & current accounts, issuing of debit & credit cards, loans and forex exchange services but also will provide innovative banking services such as bank-to-bank transactions, interconnecting the world of traditional finance and cryptocurrency startups." - This quote was gotten from the Africunia Website - https://africunia.com

Still hazy on the details? Check out the break down below..

In case you were wondering, the main objective of this project is to develop a new standard for tokenized investment that will act as a catalyst of bridging the gap between the fiat and cryptocurrencies. It will be the 1st African Crowdfunded Open Bank and it would have its own digital currency called AFCASH which is open for purchase during the Initial Coin Offering (ICO).

So, it is only safe to say that The AFRICUNIA BANK project is going to be a 100% fully Digital Bank - a digital bank based on the concept of Decentralised Ledger Technology - Blockchain. The new and unique Financial Institution is going to offer not only traditional bank services such as opening of savings & current accounts, issuing of debit & credit cards, loans/lending, exchange but also would interconnect the world of traditional finance and cryptocurrency Startups.

Pretty exciting stuff huh? There's more!

The Solution

AFRICUNIA knows the challenges of the economy and it is bringing a new kind of bank which operates on the digital currency based on the blockchain technology. They are trying to bridge the gap between the traditional banking and the digital currency. Creating solutions for the banks to invest in the right cryptocurrency is one of the core missions of the platform.

Before we go any further, please check out this video presentation to get acquainted

The Features

Here are some of the primary features the Blockchain Technology and Digital Bank Ecosystem:

APIs

EMIs

Commercial Bank license

Digital Pass Technology

Internet of Things (IoT)

Big Data

Applied Artificial Intelligence (AI)

Credit & Debit Cards

Lending/Loans

Savings, Current & Checking Accounts

Decentralised Ledger Technology

Smart Contracts

Instant and scalable transactions therefore over-the-counter and Point of Sale (POS) payments will be a cakewalk and as easy as ABC

Others are;

Sustainable investment in the tokenized funds which is fully compliant with all the laws

Transparent Investment Platform based on the accountability and blockchain technology

Varied class of investment options on the platform with low cost of entry

AFRICUNIA PROTOCOL CONSENSUS ALGORITHM(APCA) to solve the computing problems

AFCASH is the value exchange mechanism on the platform which will bridge the gap between the fiat currency and cryptocurrency

Digital Pass Technology for the security of the data stored on the AFRICUNIA Banking platform

The AFRICUNIA Technologies

To live inside the constraints of Traditional Banking, they will make probably essentially the foremost of API (Authorized Payment Institutions) hence employing the proper criteria of innovation and services.

The foundation of AFRICUNIA BANK is capital spent increasing has been adjusted to the purchase increase in turn maximizing revenue return.

Additionally, so a lot as the technology safety is involved our network layout is decentralized. Thus, instruments attach information garage safety and encryption mechanism of folks or businesses.

Processing of Information is Automatic by a technique of utilized AI algorithms.

Blockchain Technology will revolutionize the situation that is digital. It has the capability to interrupt businesses, but particularly the banking industry, and create processes secure more democratic and productive. There’s a challenge and people expect payment processing in real time, although in this era all payments have been made. Transferring funds is not just about transferring funds out of one from lender to another or from A to B. To guarantee satisfaction of receiver and sender, payment needs to be validated through an intermediary such a Correspondent Banks or Central Banks which suggests settlement can take rather a long time, oftentimes about two or more times for national obligations and 3 to 5 business days for global payments.

As said earlier, AFRICUNIA is inside the activity of executing AFCASH — a crypto — predicated on AFRICUNIA Protocol Consensus Algorithm (APCA) to shield the contemporary troubles of correctness, consensus, and usefulness the show protocols have partially solved. Again, the aim is to create a benchmark for investment that can work as a catalyst of bridging the hole among cryptocurrencies and the fiat.

Why Choose Blockchain?

They designed this platform to run using blockchain technology as the platform development platform. Since it's inception, blockchain comes with a fast and secure online transaction offering and is compatible with all types of data and cryptocurrencies. Blockchain technology uses a system, where each transaction is recorded and can not be changed forever, so transactions can be maintained and the likelihood of data fraud reduced. Blockchain is intrinsically resistant to the modification of the data involved. Blockchain is a growing list of notes, called blocks, connected and secured by cryptography. Each block usually contains a hash pointer as a link to the block, time stamp and data from previous transactions.

The Benefits

For Investors:

New opportunities to access assets from the fiat universe without leaving the cryptographic universe to be consoled.

Unprecedented diversification opportunities due to the low correlation between fixed and cryptographic assets.

Access to investment opportunities that can reduce the risk profile to complement and balance existing speculative exposures.

For Fiduciary Investors:

Provision of higher net returns, cost-effective for structures of tokenized funds

Access to new asset classes due to the lower barriers for a prepared fund and administration in the Africunia platform.

Now, I guess it's time to give you the details about investment.

Stay tuned!

Token Details

Token Symbol: AFCASH

Token Supply: 1,000,000,000 AFCASH

Total ICO Supply: 500,000,000

Circulating Supply: 1,000,000,000 AFCASH

Token Price: 1 AFCASH = $0.10 USD

Unsold Token: All UNSOLD TOKENS have been underwritten by MAINSAIL TRADING LTD (DUBAI) and IBB INTERNATIONAL HOLDINGS LIMITED (MALAYSIA) and would be taken over by the Financial Group.

Token Distribution

"THE FUND STRUCTURE

Definitely the fund structure will keep changing depending on the opinion made by legal our counsels. However, at this time 50% of AFCASH will be allocated to public contributors, 30% will remain the Company and Foundation reserve for projects development and for funding Social & Ecological projects. Fifteen percent (15%) will be reserved for Founding Members, 3% for the Advisors and Partners while the remaining 2% will be channeled towards distributions to our Bounty Campaigners.

THE SHARING REVENUE

At the end 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, and this will be automatically paid out to our Coin Users in their respective Wallets. In other words, you are entitled to AFRICUNIA BANK’s revenue. Consider this as a PASSIVE INCOME." - This quote was gotten from the Africunia Website - https://africunia.com

ROADMAP - From the Africunia Whitepaper - https://africunia.com/wp-content/uploads/2018/02/AFCASH-Whitepaper.pdf

Milestone 1: 10th July 2017 to 1st January 2018

RESEARCH AND EXPERIMENT

Researching and experimenting with the APCA will be our first step in the Africunia journey. Our developers will develop dummy prototype of Blockchain system based on APCA and test it for correctness, consensus, and utility. We are already researching and experimenting with the APCA and its application in Blockchain. This phase will run up to 1st January 2018.

Milestone 2: 1st December 2017 to 31st December 2017

PRE-ICO

The AFCASH pre-order will open on 1st December 2017 and run for 4weeks up to 31st December 2017. We are targeting a yearly supply of 1 Billion AFCASH tokens but ICO circulating supply of 500 Million AFCASH.

Milestone 3: 1st January 2018 to 31st May 2018

ICO

The AFCASH ICO will start on 1st January 2018 and run for 5 months up to 31st May 2018.

Milestone 4: 1st July 2018 to 31st July 2018

DEVELOPMENT OF BLOCKCHAIN PROTOTYPES

At this stage, we will develop a Blockchain prototype that will help to eliminate ambiguities and enhance accuracy with our AFCASH crypto. We expect this step to take 4 weeks and will run from 1st March 2018 to 31st March 2018.

Milestone 5: 1st August 2018 to 30th September 2018

DEVELOPMENT OF THE BLOCKCHAIN BETA VERSION

A beta version of our AFCASH cryptocurrency will be developed to help developers understand the ecosystem better as further ambiguities are eliminated. We expect this phase to take a maximum of 8weeks.

Milestone 6: 1st October 2018 to 31st October 2018

TESTING OF THE ECOSYSTEM

We will test the system as a whole and ensure it is working properly and is interoperable with existing systems. This stage will take a maximum of 4weeks and will run from 1st October 2018 to 31st October 2018.

Milestone 7: 1st November 2018 to 30th November 2018

COMPLETE DEVELOPMENT OF OUR BLOCKCHAIN TECHNOLOGY

We expect the complete Blockchain Technology to be finished by 30th November 2018.

Milestone 8: 1st December 2018.

LAUNCH OF THE BLOCKCHAIN AND ECOSYSTEM

We hope to launch the Blockchain Ecosystem on 1st December 2018.

Milestone 9: December 2018

SOLIDIFICATION AND EXPANSION OF THE TECHNOLOGY

After the launch on December 1, the project will undergo continuous maintenance and development to address all IoT, Machine Learning and big data concerns.

AFRICUNIA BANKING ROADMAP

Milestone one: $2 Million

AUTHORIZED FINANCIAL PAYMENT SERVICES

Diverse Payment Services

Acquiring SWIFT Membership

Obtaining API License

EBA Clearing & Payment Systems (EURO1, STEP1, STEP2, MyBank)

Person to Person Payments & Loans

Investment Portfolios

European Payments Council RuleBooks and SDD Collection

Milestone two: $3 Million

eMONEY SERVICES

EMI License

Foreign Exchange (FX)

Capital loans for consumers

Acquiring Payments and Card Issuance

Milestone 3: $6 Million

COMMERCIAL BANK

Bank License

Crypto-based Point of Sale (PoS)

Debit Cards

Credit Cards

Current Accounts

Savings Deposits

Open API Applications

Card Memberships

Milestone four: $10 Million

DIGITAL PASS TECHNOLOGY

Hybrid Blockchain Technology (Browser-based Prove of Work & Prove of Stake)

Offline/Online/Ultra Thin Smart High Security Wallets

AML / KYC Protocols

Big Data Technology

Applied AI

Internet of Things (IoT) Technology

eSignatures

eSeals

Milestone five: $25 Million to $50 Million

SMALL AND MEDIUM SIZED ENTERPRISE FINANCIAL MARKETPLACES

Insurance & Brokerage Services

CrowdFunding

Venture Capital Funding in BioTechnology & ICT

Private Equity Funding

Small Business Funding and Loan Matching Services

Fiat FX & Cryptocurrency Exchange/Trading

Milestone six: $50 Million to $100 Million

CROWDFUNDING/VENTURE CAPITAL FUNDING/INSURANCE & BROKERAGE SERVICES

If we are able to realize funds above $50 Million we will use same to capitalize on Venture Capital investments and SMEs funding as well as investment on Insurance and Brokerage services.

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://africunia.com/

Whitepaper: https://africunia.com/wp-content/uploads/2018/02/AFCASH-Whitepaper.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=2847593

Facebook: https://www.facebook.com/africunia/

Twitter: https://twitter.com/africunia/

Telegram : http://t.me/africunia

Bounty: https://bitcointalk.org/index.php?topic=2875357.0

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035