Africunia Financial institution platform has introduced the launch of its Preliminary Alternate Providing (IEO) on AZBIT Alternate and VINDAX Alternate.
A press release by the administration of the financial institution Tuesday mentioned Africunia Blockchain Digital Financial institution is a 100% absolutely digital open financial institution primarily based on Blockchain Expertise 3.0.
It’s a new and distinctive monetary establishment that gives not solely conventional banking companies associated to the opening of financial savings and present accounts, issuing of debit & bank cards, loans, and foreign exchange alternate companies.
It additionally supplies modern banking companies resembling bank-to-bank transactions, interconnecting the world of conventional finance and cryptocurrency startups.
It’s a coming-of-age semi-decentralised community that enables builders to leverage Sidechains and Sensible Contracts to construct scalable block chains.
The platform has an ecosystem providing customers entry to a decentralised international market, which is poised to impression many sectors.
Its Sidechain mannequin permits for the event of impartial dApps, facilitating customisation, infinite scalability, by no means seen earlier than transaction speeds per second, and a major departure from excessive community charges, thereby offering a number of advantages for the customers.
Its protocol has been designed to make it handy, safe (army grade), and seamless for all stakeholders.
The AFCASH Coin is the native coin to Africunia Blockchain and it’s used for transaction charges, cash remittance charges, staking, lending, delegates, and rewards, all delivered in its ecosystem. The AFCASH Coin might be obtainable on worldwide exchanges. The primary spherical IEO provide is capped at 5 million the place 1 AFCASH = $0.25 and energetic pairs embrace EXL/BTC/ETH/USDT. Within the second and third rounds of IEO, AFCASH might be priced at $1 & $2, respectively.