This document introduces eDeposite, a proposed cryptocurrency aimed at decentralizing the African economy. It discusses challenges with cryptocurrency adoption in Africa, including high transaction fees, lack of banking infrastructure, and reluctance of merchants to accept cryptocurrencies. eDeposite aims to address these issues with a cryptocurrency designed specifically for the African continent and economic situation. Key aspects of eDeposite outlined in the document include its mining process not requiring powerful computers, nodes and merchants being Africa-based firms, and aiming for low volatility suitable as a store of value. The goal of eDeposite is to create an autonomous decentralized payment platform and develop a base for businesses in Africa using cryptocurrency.
Top 21 Decentralized Finance (DeFi) Projects - Executive SummaryMEDICI Inner Circle
In this research report, MEDICI analyzes the DeFi landscape and brings to you 21 of the best projects. The report highlights the rapid growth of DeFi globally, how COVID-19 has catalyzed its growth, and some of the most prominent projects working to disintermediate different facets of finance, viz. lending, decentralized exchange, payments and wallets, derivatives, and insurance.
The Pitch Deck (version 2) for Eliconn - a blockchain technology and fintech-approached company which provides services for Supply Chain Finance (SCF) in multiple areas.
ICO: a crash course on the revolutionary funding modelMukhtar Mussabetov
This document provides an overview of ICOs (Initial Coin Offerings), which are a new form of crowdfunding using cryptocurrencies. Some key points made include:
- ICOs have raised over $3 billion cumulatively for over 1,400 projects, with the average raising $14 million. Industries include technology, financial services, and real estate.
- An ICO combines concepts of crowdfunding, penny stocks, and IPOs but uses cryptocurrency tokens instead of shares, allowing startups to raise funds globally from individual investors.
- ICOs provide startups quick funding and investors liquidity, with more distributed ownership compared to traditional models. Location is also less important as
Blockchain For The Unbanked And UnderbankedWan Wei, Soh
This document discusses how blockchain technology can contribute to financial inclusion through decentralized finance (DeFi). It provides examples of how the unbanked can participate in global financial systems using the Interstellar app. Interstellar allows the unbanked to do things like send remittances for lower fees, tokenize assets, convert loyalty points to digital assets, and donate to charities with transparency. Recent milestones for Interstellar include partnerships, app releases, and proof of concepts with governments and companies to facilitate access to financial services for underserved populations.
This document analyzes the Islamic FinTech landscape in 2017. It identifies 103 FinTech companies across 24 countries that self-identify as being fully sharia compliant or offering sharia compliant products. The largest verticals are crowdfunding platforms (35%), banking software (18%), and payments, remittances, and foreign exchange (14%). The top locations by headquarters are Malaysia (18), the UK (16), Indonesia (15), the UAE (12), and the USA (11).
The document provides an agenda and overview of a workshop on understanding fintech. The workshop agenda covers 9 sessions that will discuss topics like e-payment systems, peer-to-peer lending, risk management, regulations, and future trends in fintech. The document also provides background information on key concepts in fintech, including defining fintech, categories of fintech systems, and the benefits of fintech for consumers, firms and countries. Examples of popular fintech systems in Indonesia are also mentioned.
China Internet Report 2021 by Edith Yeung at Web SummitEdith Yeung
5th Annual China Internet Report 2021 by Edith Yeung at Web Summit 2021. Download full report here > https://multimedia.scmp.com/infographics/china-internet-2021/
Leading blockchain and Web 3.0 venture capital firm Outlier Ventures published the Q3 report in its State of Blockchains series, which provides an overview into blockchain investment and market trends worldwide. The report reveals a range of insights into the market
Top 21 Decentralized Finance (DeFi) Projects - Executive SummaryMEDICI Inner Circle
In this research report, MEDICI analyzes the DeFi landscape and brings to you 21 of the best projects. The report highlights the rapid growth of DeFi globally, how COVID-19 has catalyzed its growth, and some of the most prominent projects working to disintermediate different facets of finance, viz. lending, decentralized exchange, payments and wallets, derivatives, and insurance.
The Pitch Deck (version 2) for Eliconn - a blockchain technology and fintech-approached company which provides services for Supply Chain Finance (SCF) in multiple areas.
ICO: a crash course on the revolutionary funding modelMukhtar Mussabetov
This document provides an overview of ICOs (Initial Coin Offerings), which are a new form of crowdfunding using cryptocurrencies. Some key points made include:
- ICOs have raised over $3 billion cumulatively for over 1,400 projects, with the average raising $14 million. Industries include technology, financial services, and real estate.
- An ICO combines concepts of crowdfunding, penny stocks, and IPOs but uses cryptocurrency tokens instead of shares, allowing startups to raise funds globally from individual investors.
- ICOs provide startups quick funding and investors liquidity, with more distributed ownership compared to traditional models. Location is also less important as
Blockchain For The Unbanked And UnderbankedWan Wei, Soh
This document discusses how blockchain technology can contribute to financial inclusion through decentralized finance (DeFi). It provides examples of how the unbanked can participate in global financial systems using the Interstellar app. Interstellar allows the unbanked to do things like send remittances for lower fees, tokenize assets, convert loyalty points to digital assets, and donate to charities with transparency. Recent milestones for Interstellar include partnerships, app releases, and proof of concepts with governments and companies to facilitate access to financial services for underserved populations.
This document analyzes the Islamic FinTech landscape in 2017. It identifies 103 FinTech companies across 24 countries that self-identify as being fully sharia compliant or offering sharia compliant products. The largest verticals are crowdfunding platforms (35%), banking software (18%), and payments, remittances, and foreign exchange (14%). The top locations by headquarters are Malaysia (18), the UK (16), Indonesia (15), the UAE (12), and the USA (11).
The document provides an agenda and overview of a workshop on understanding fintech. The workshop agenda covers 9 sessions that will discuss topics like e-payment systems, peer-to-peer lending, risk management, regulations, and future trends in fintech. The document also provides background information on key concepts in fintech, including defining fintech, categories of fintech systems, and the benefits of fintech for consumers, firms and countries. Examples of popular fintech systems in Indonesia are also mentioned.
China Internet Report 2021 by Edith Yeung at Web SummitEdith Yeung
5th Annual China Internet Report 2021 by Edith Yeung at Web Summit 2021. Download full report here > https://multimedia.scmp.com/infographics/china-internet-2021/
Leading blockchain and Web 3.0 venture capital firm Outlier Ventures published the Q3 report in its State of Blockchains series, which provides an overview into blockchain investment and market trends worldwide. The report reveals a range of insights into the market
The document discusses the development of financial technologies (Fintech) in Hong Kong. It provides updates on Hong Kong's growing Fintech sector, including the number of Fintech companies and startups operating in Hong Kong reaching over 600. It also discusses the government's efforts to support the Fintech industry through regulatory frameworks, funding programs, and partnerships between government organizations, universities, and private companies. The goal is to further develop Hong Kong's Fintech ecosystem and maintain its position as a leader in financial innovation.
LAToken is a platform that allows users to tokenize and trade real-world assets via cryptocurrency. It issues tokens linked to the price of publicly traded assets like real estate, art, and commodities. Cryptoholders can buy these asset tokens using cryptocurrency on the LAT platform. On a predetermined settlement date, LAToken buys back the asset tokens from holders at the current market price of the underlying asset. The platform aims to become a leading global marketplace for asset-backed tokens with a potential annual trading volume of $1.2 trillion by 2025.
The document discusses the new way of online investing. It defines investment as sacrificing something now for future gain. It outlines the principles of investment including diversification, risk and reward, and sticking to a plan. The document discusses how the internet allows investing in various assets like stocks, bonds, funds, and real estate easily and quickly without brokers. It lists advantages like independence and low costs, and disadvantages like reliability issues and lack of advice. Finally, it recommends the top ten investment websites.
ICO Pitchnight #1 by Catena Capital & Herdius and friendsBalazs Deme
The first ICO Pitchnight organized by Catena Capital and Herdius. Advice and learnings on already having done an ICO by Bricklock, on having already done an ICO in Germany by Herdius and planning on one by KYC solution Fractal.
8 factors why crypto currencies are here to stayFrank Schwab
User numbers and investments in cryptocurrencies and blockchain projects are increasing. In the Swiss crypto valley, 800 companies with 4,000 employees are working on the digitalization of assets. The regulators are also taking up the issue. In the digital age, cryptocurrencies are the next logical stage in the development of money.
Zum zugehörigen Artikel in deutsch: https://www.it-finanzmagazin.de/8-faktoren-kryptowaehrungen-zukunft-100524/
An overview of Thailand's Fintech landscape and investment opportunities, presented by Paul Ark (Managing Director of Corporate Venture Capital at Digital Ventures) at the Next Money Asia Fintech Finals on 30 Jan 18.
Innovate Finance’s 2017 VC FinTech investment landscape provides investors, startups and the wider FinTech ecosystem the data to understand trends and capital flows as the FinTech market evolves. Overall figures suggest that the UK has had its best year on record and was a global leader in terms of capital invested and deal volume, second only to the US.
State of Blockchains 2019: Green shoots of adoption emerge from 2018 crypto c...Outlier Ventures
Leading blockchain and Web 3.0 venture capital firm Outlier Ventures published the 2018 Q4 report in its State of Blockchains series, which provides an overview into blockchain investment and market trends worldwide. The report highlighted multiple key trends including increasing user adoption and data showing the decline in ETH price isn’t due to ICO sellers
MEDICI’s new ‘Africa FinTech Report 2020’ is a deep-dive into the sector; it analyzes segments, funding patterns, M&As, partnerships, and countries, and offers perspectives that have been drawn out of regulatory, economic, and market dynamics.
This document summarizes developments in financial technology (FinTech) and Stockholm's position as a leading FinTech hub. It notes that Stockholm has over 97 FinTech companies, generating over 14 billion SEK in revenue and employing over 5,800 people. Major FinTech segments in Stockholm include payments, lending, wealth management, and cryptocurrency. Emerging technologies like blockchain, peer-to-peer lending, and crowdfunding are disrupting traditional banking models. Stockholm is well-positioned to become a global FinTech leader due to its supportive environment, entrepreneurial talent, and enabling regulatory framework.
This document summarizes a 2nd Fintech Meetup event in Japan. It defines fintech as financial technology and discusses opportunities in banking, payments, lending, and other fintech areas. The global fintech industry has received over $7 billion in funding. While Japan has sophisticated technology consumers, its fintech industry is still early-stage, with opportunities for new entrants and growth. Issues discussed include expanding collaboration with incumbent players and moving towards a more risk-based regulatory approach. The meetup aims to expand the fintech industry through information sharing and support.
Hidden champion- Korea (Fintech Asia forum 2015)Richard Song
Fintech Asia Forum 2015 was co-hosted by Yozma, Marvelstone & Life.SREDA held 22/May 2015.
News articles:
http://www.venturesquare.net/tag/fintech
http://platum.kr/archives/38877
1. ICO funding reached $6.3 billion in Q1 2018, surpassing the total of $4 billion for all of 2017. Some predict the rise of second-generation ICOs.
2. The average cost of launching an ICO is between $100,000 and $500,000 due to technology development, marketing, and regulatory compliance.
3. Early investors in promising ICOs have seen returns as high as 50,000% but there is also risk of losing investments to outright scams.
Outlier Ventures Investment in Blockchains report by Research Analyst Joel John and Partner & Head of Research Lawrence Lundy.
The report provides an overview into blockchain investment and market trends in 2019. According to the report, $23.7 Billion has been raised by 3738 blockchain companies since 2013.
Early stage fundraising high in count, but follow on rounds few and scarce. Blockchain startups have raised finance in multiple forms including ICOs, debt, direct investments and crowd-funding. However, discounting a handful of exchanges and wallets, there hasn’t been an application that has broken through to mainstream adoption, yet. This definitely isn’t for lack of capital. The challenge is more about expertise and guidance at early stages, especially when it comes to areas unique to Web3 such as token design.
This document discusses how "SMART" investment, which refers to online or digital investment, is growing in popularity in India and its impact on the economy. It provides an overview of common types of SMART investments like stocks, mutual funds, and life insurance that can now be purchased online. The rise of online investment platforms has eliminated intermediaries and their associated costs, allowing individual investors to more directly manage their investments. This trend is fueling innovation and economic growth in India as more people and money become involved in the financial system through digital tools and platforms.
Coin token ico really only have one utility — to act as simple stores of value with limited-to-no other functionality. By “simple” value, I mean value not represented or manifested through a variety of dynamic functions. Tokens are a completely different breed all together. They can store complex, multi-faceted levels of value. Forget everything you know about bitcoin and pre-mined coins and that entire ilk of tech, Ethereum tokens are generated by a Smart Contract System (SCS), are highly programmable and have multi-functionality because of it. They transcend being just a coin, and through their array of functions become something much more — “tokens”. Technically, they are not “offered”, they are “generated”. Probably the most accurate phrase of what’s going on during an Ethereum token launch is to describe it as a “Token Generation Event”, but I’m not sure TGE has the same flare as ICO. Nevertheless, a coin does one thing, and a token can do many things
This document discusses SMART investment, which refers to online or internet-based investing that allows direct order placement without brokers or intermediaries. It provides examples of areas where SMART investing is popular in India, such as mutual funds, insurance, and stock trading. The document also outlines the benefits of SMART investing for both investors and the economy, such as lower costs, greater returns, and increased GDP. It concludes by noting recent trends that indicate growing SMART investment in India, including new online investment portals and reforms to KYC procedures.
BITHASHEX OÜ IS CUTTING EDGE FINTECH COMPANY THAT
EXPERTLY COMBINES PEER-TO-PEER AND OTC EXCHANGE
FOR TRADING, EXCHANGE AND EDUCATION ON A ROBUST
PCI DSS COMPLAINT DECENTRALIZED PLATFORM.
This document provides an overview of blockchain, FinTech, and cryptocurrency. It discusses digital currency and how most traditional currency is now digital. It also discusses cryptocurrency and how Bitcoin was the first cryptocurrency. The document outlines some benefits of digital currencies like faster international transfers and boosting global remittances. It also discusses some potential risks like security issues and volatility. It provides basics on FinTech and emerging technologies transforming financial services. It maps out the global FinTech landscape and trends and discusses local FinTech players and investments in Indonesia.
1. Blockchain technology has seen remarkable growth in Africa, with countries like Nigeria and Kenya showing strong adoption rates of Web3 platforms.
2. Web3 allows for more financial inclusion and transparency through applications like secure identity management, remittances, voting systems, and supply chain management.
3. Africa is poised to be a leader in the digital asset landscape through clear regulation and adoption of crypto and blockchain, which supports widespread Web3 adoption and startup growth.
5 Ways Digital Currency is Revolutionizing the Financial World.docxSurendra Gusain
Digital currency is a term that is familiar to some people and unfamiliar to others. But if you aren’t aware of it, you must get familiar with it because it has the potential to change our view on money. The recent rise in Ethereum (ETH), Bitcoin (BTC), and various other cryptocurrencies that exist in digital format only, has led global national banks to research the working of these national digital currencies. So, in today’s blog, we will shed light on the topic “5 Ways Digital Currency is Revolutionizing the Financial World” So, without wasting further time let’s get started!!
Cryptocurrency and Defi : Bridging the gap for financial inclusion.TebogoMichaelManakan
Summary:
Cryptocurrency and DeFi are transformative technologies that aim to bridge the gap for financial inclusion. Cryptocurrencies are digital currencies that operate on decentralized blockchain networks, offering fast, secure, and low-cost peer-to-peer transactions without the need for intermediaries. DeFi, built on blockchain, replicates traditional financial services without relying on banks, providing global accessibility, lower barriers, financial empowerment, reduced costs, privacy, security, and financial innovation. Despite challenges, these technologies have the potential to revolutionize finance, empowering individuals with financial autonomy and access to a borderless financial system, ultimately fostering a more inclusive and equitable financial landscape.
The document discusses the development of financial technologies (Fintech) in Hong Kong. It provides updates on Hong Kong's growing Fintech sector, including the number of Fintech companies and startups operating in Hong Kong reaching over 600. It also discusses the government's efforts to support the Fintech industry through regulatory frameworks, funding programs, and partnerships between government organizations, universities, and private companies. The goal is to further develop Hong Kong's Fintech ecosystem and maintain its position as a leader in financial innovation.
LAToken is a platform that allows users to tokenize and trade real-world assets via cryptocurrency. It issues tokens linked to the price of publicly traded assets like real estate, art, and commodities. Cryptoholders can buy these asset tokens using cryptocurrency on the LAT platform. On a predetermined settlement date, LAToken buys back the asset tokens from holders at the current market price of the underlying asset. The platform aims to become a leading global marketplace for asset-backed tokens with a potential annual trading volume of $1.2 trillion by 2025.
The document discusses the new way of online investing. It defines investment as sacrificing something now for future gain. It outlines the principles of investment including diversification, risk and reward, and sticking to a plan. The document discusses how the internet allows investing in various assets like stocks, bonds, funds, and real estate easily and quickly without brokers. It lists advantages like independence and low costs, and disadvantages like reliability issues and lack of advice. Finally, it recommends the top ten investment websites.
ICO Pitchnight #1 by Catena Capital & Herdius and friendsBalazs Deme
The first ICO Pitchnight organized by Catena Capital and Herdius. Advice and learnings on already having done an ICO by Bricklock, on having already done an ICO in Germany by Herdius and planning on one by KYC solution Fractal.
8 factors why crypto currencies are here to stayFrank Schwab
User numbers and investments in cryptocurrencies and blockchain projects are increasing. In the Swiss crypto valley, 800 companies with 4,000 employees are working on the digitalization of assets. The regulators are also taking up the issue. In the digital age, cryptocurrencies are the next logical stage in the development of money.
Zum zugehörigen Artikel in deutsch: https://www.it-finanzmagazin.de/8-faktoren-kryptowaehrungen-zukunft-100524/
An overview of Thailand's Fintech landscape and investment opportunities, presented by Paul Ark (Managing Director of Corporate Venture Capital at Digital Ventures) at the Next Money Asia Fintech Finals on 30 Jan 18.
Innovate Finance’s 2017 VC FinTech investment landscape provides investors, startups and the wider FinTech ecosystem the data to understand trends and capital flows as the FinTech market evolves. Overall figures suggest that the UK has had its best year on record and was a global leader in terms of capital invested and deal volume, second only to the US.
State of Blockchains 2019: Green shoots of adoption emerge from 2018 crypto c...Outlier Ventures
Leading blockchain and Web 3.0 venture capital firm Outlier Ventures published the 2018 Q4 report in its State of Blockchains series, which provides an overview into blockchain investment and market trends worldwide. The report highlighted multiple key trends including increasing user adoption and data showing the decline in ETH price isn’t due to ICO sellers
MEDICI’s new ‘Africa FinTech Report 2020’ is a deep-dive into the sector; it analyzes segments, funding patterns, M&As, partnerships, and countries, and offers perspectives that have been drawn out of regulatory, economic, and market dynamics.
This document summarizes developments in financial technology (FinTech) and Stockholm's position as a leading FinTech hub. It notes that Stockholm has over 97 FinTech companies, generating over 14 billion SEK in revenue and employing over 5,800 people. Major FinTech segments in Stockholm include payments, lending, wealth management, and cryptocurrency. Emerging technologies like blockchain, peer-to-peer lending, and crowdfunding are disrupting traditional banking models. Stockholm is well-positioned to become a global FinTech leader due to its supportive environment, entrepreneurial talent, and enabling regulatory framework.
This document summarizes a 2nd Fintech Meetup event in Japan. It defines fintech as financial technology and discusses opportunities in banking, payments, lending, and other fintech areas. The global fintech industry has received over $7 billion in funding. While Japan has sophisticated technology consumers, its fintech industry is still early-stage, with opportunities for new entrants and growth. Issues discussed include expanding collaboration with incumbent players and moving towards a more risk-based regulatory approach. The meetup aims to expand the fintech industry through information sharing and support.
Hidden champion- Korea (Fintech Asia forum 2015)Richard Song
Fintech Asia Forum 2015 was co-hosted by Yozma, Marvelstone & Life.SREDA held 22/May 2015.
News articles:
http://www.venturesquare.net/tag/fintech
http://platum.kr/archives/38877
1. ICO funding reached $6.3 billion in Q1 2018, surpassing the total of $4 billion for all of 2017. Some predict the rise of second-generation ICOs.
2. The average cost of launching an ICO is between $100,000 and $500,000 due to technology development, marketing, and regulatory compliance.
3. Early investors in promising ICOs have seen returns as high as 50,000% but there is also risk of losing investments to outright scams.
Outlier Ventures Investment in Blockchains report by Research Analyst Joel John and Partner & Head of Research Lawrence Lundy.
The report provides an overview into blockchain investment and market trends in 2019. According to the report, $23.7 Billion has been raised by 3738 blockchain companies since 2013.
Early stage fundraising high in count, but follow on rounds few and scarce. Blockchain startups have raised finance in multiple forms including ICOs, debt, direct investments and crowd-funding. However, discounting a handful of exchanges and wallets, there hasn’t been an application that has broken through to mainstream adoption, yet. This definitely isn’t for lack of capital. The challenge is more about expertise and guidance at early stages, especially when it comes to areas unique to Web3 such as token design.
This document discusses how "SMART" investment, which refers to online or digital investment, is growing in popularity in India and its impact on the economy. It provides an overview of common types of SMART investments like stocks, mutual funds, and life insurance that can now be purchased online. The rise of online investment platforms has eliminated intermediaries and their associated costs, allowing individual investors to more directly manage their investments. This trend is fueling innovation and economic growth in India as more people and money become involved in the financial system through digital tools and platforms.
Coin token ico really only have one utility — to act as simple stores of value with limited-to-no other functionality. By “simple” value, I mean value not represented or manifested through a variety of dynamic functions. Tokens are a completely different breed all together. They can store complex, multi-faceted levels of value. Forget everything you know about bitcoin and pre-mined coins and that entire ilk of tech, Ethereum tokens are generated by a Smart Contract System (SCS), are highly programmable and have multi-functionality because of it. They transcend being just a coin, and through their array of functions become something much more — “tokens”. Technically, they are not “offered”, they are “generated”. Probably the most accurate phrase of what’s going on during an Ethereum token launch is to describe it as a “Token Generation Event”, but I’m not sure TGE has the same flare as ICO. Nevertheless, a coin does one thing, and a token can do many things
This document discusses SMART investment, which refers to online or internet-based investing that allows direct order placement without brokers or intermediaries. It provides examples of areas where SMART investing is popular in India, such as mutual funds, insurance, and stock trading. The document also outlines the benefits of SMART investing for both investors and the economy, such as lower costs, greater returns, and increased GDP. It concludes by noting recent trends that indicate growing SMART investment in India, including new online investment portals and reforms to KYC procedures.
BITHASHEX OÜ IS CUTTING EDGE FINTECH COMPANY THAT
EXPERTLY COMBINES PEER-TO-PEER AND OTC EXCHANGE
FOR TRADING, EXCHANGE AND EDUCATION ON A ROBUST
PCI DSS COMPLAINT DECENTRALIZED PLATFORM.
This document provides an overview of blockchain, FinTech, and cryptocurrency. It discusses digital currency and how most traditional currency is now digital. It also discusses cryptocurrency and how Bitcoin was the first cryptocurrency. The document outlines some benefits of digital currencies like faster international transfers and boosting global remittances. It also discusses some potential risks like security issues and volatility. It provides basics on FinTech and emerging technologies transforming financial services. It maps out the global FinTech landscape and trends and discusses local FinTech players and investments in Indonesia.
1. Blockchain technology has seen remarkable growth in Africa, with countries like Nigeria and Kenya showing strong adoption rates of Web3 platforms.
2. Web3 allows for more financial inclusion and transparency through applications like secure identity management, remittances, voting systems, and supply chain management.
3. Africa is poised to be a leader in the digital asset landscape through clear regulation and adoption of crypto and blockchain, which supports widespread Web3 adoption and startup growth.
5 Ways Digital Currency is Revolutionizing the Financial World.docxSurendra Gusain
Digital currency is a term that is familiar to some people and unfamiliar to others. But if you aren’t aware of it, you must get familiar with it because it has the potential to change our view on money. The recent rise in Ethereum (ETH), Bitcoin (BTC), and various other cryptocurrencies that exist in digital format only, has led global national banks to research the working of these national digital currencies. So, in today’s blog, we will shed light on the topic “5 Ways Digital Currency is Revolutionizing the Financial World” So, without wasting further time let’s get started!!
Cryptocurrency and Defi : Bridging the gap for financial inclusion.TebogoMichaelManakan
Summary:
Cryptocurrency and DeFi are transformative technologies that aim to bridge the gap for financial inclusion. Cryptocurrencies are digital currencies that operate on decentralized blockchain networks, offering fast, secure, and low-cost peer-to-peer transactions without the need for intermediaries. DeFi, built on blockchain, replicates traditional financial services without relying on banks, providing global accessibility, lower barriers, financial empowerment, reduced costs, privacy, security, and financial innovation. Despite challenges, these technologies have the potential to revolutionize finance, empowering individuals with financial autonomy and access to a borderless financial system, ultimately fostering a more inclusive and equitable financial landscape.
Cryptocurrency And NSE Stock Market: A Comparative Data AnalysisIRJET Journal
This document analyzes and compares data from the top 25 cryptocurrencies and stocks traded on the National Stock Exchange (NSE) of India. It plots graphs of factors like volatility, market capitalization, and prices over different time ranges for cryptocurrencies and NSE stocks. The goals are to help investors understand the behavior of these investment options, determine which are trending or declining, and decide where to invest. The document finds that cryptocurrency markets experience more volatility and fluctuations than stock markets, but also have potential for higher returns. However, cryptocurrencies lack intrinsic value and regulation. The analysis aims to provide Indian investors insights into both markets to help them make informed investment decisions.
📚 Discover the World of Cryptocurrency: Join our comprehensive crypto course to unravel the secrets of digital currencies and blockchain technology! 🚀
Are you intrigued by the revolutionary world of cryptocurrencies and eager to unlock its potential for financial freedom? Our crypto course is designed to provide you with a solid foundation in this rapidly evolving space.
🔍 What to Expect:
Through engaging lectures and hands-on exercises, you'll gain a deep understanding of popular cryptocurrencies like Bitcoin, Ethereum, and other altcoins. Our expert instructors will walk you through the mechanics of blockchain, smart contracts, and decentralized finance (DeFi) applications, empowering you to navigate this new financial landscape confidently.
💡 Key Topics Covered:
- Introduction to Blockchain Technology: Learn how blockchain works, its underlying principles, and its implications across various industries.
- Cryptocurrency Fundamentals: Explore the mechanics of different cryptocurrencies, their uses, and how they differ from traditional fiat currencies.
- Secure Wallet Management: Discover best practices for safeguarding your digital assets and avoiding potential pitfalls.
- Trading and Investment Strategies: Acquire essential skills for analyzing market trends, executing trades, and managing risks.
- Navigating the DeFi Ecosystem: Dive into the world of decentralized finance, exploring lending, yield farming, and liquidity provision.
- Future Trends and Innovations: Get insights into the latest developments and emerging trends shaping the crypto landscape.
🎓 Who Should Attend:
Our course is suitable for both beginners and enthusiasts looking to expand their knowledge in cryptocurrencies and blockchain. Whether you're an investor, entrepreneur, or simply curious about the future of finance, this course is designed to cater to your needs.
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Upon successful completion, you'll receive a recognized certification, validating your newfound expertise in the crypto space.
Join us on this exciting journey to embrace the decentralized future and make informed decisions in the ever-evolving world of cryptocurrencies! Enroll now and stay ahead in the digital currency revolution! 💫
The document provides an overview of the FinTech market in Africa, including economic, demographic, and FinTech trends. It discusses factors driving FinTech adoption such as Africa's growing and youthful population, limited banking infrastructure, and increasing mobile and internet penetration. It also profiles the key FinTech markets of Egypt, Kenya, Nigeria, and South Africa, noting their populations, GDPs, and other financial inclusion metrics. The report indicates these countries are expected to see strong economic growth through 2027.
We are positioning ourselves to revolutionize the way Africa discovers, purchases and uses Cryptocurrency and Blockchain assets. Cryset is looking to bring Cryptocurrency and Blockchain assets closer to Africa.
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Top Features of Cryptocurrency app development nimbleappgenie
Cryptocurrency apps may still be in the early stages of rising in the global business landscape but have momentum. Cryptocurrency trading has opened more business opportunities for cryptocurrency app developers, miners, and traders.
Check it Out- https://bit.ly/3uzpPfV
This document summarizes a book about decentralized finance (DeFi) and the future of finance. It discusses how DeFi poses a challenge to the current centralized financial system and offers potential solutions to its problems. The current system suffers from centralized control, limited access, inefficiency, lack of interoperability, and opacity. DeFi aims to build on open-source financial tools using blockchain technology to create sophisticated products with minimal friction and maximum value for users. It argues DeFi will eventually replace most centralized financial infrastructure by being more inclusive and allowing anyone to benefit from financial innovations through low or flat fees.
This document provides an overview of cryptocurrency in Uganda, including:
- A brief history of currency evolution and the development of cryptocurrency since 2009.
- The pros and cons of cryptocurrency compared to conventional currency.
- Why many governments are hesitant to embrace cryptocurrency due to concerns over control, illegal activity, and consumer protection.
- Uganda's current stance of not banning cryptocurrency but warning citizens due to lack of regulation and investor protection.
- Recommendations that Uganda should take a cautious approach by not recognizing cryptocurrency as legal tender but warning citizens and developing policies and laws to address risks from digital financial technologies.
Cryset is building a multi-cryptocurrency trading platform and online payment solution for Nigeria to make cryptocurrencies more accessible and useful. Their trading platform will allow users to easily exchange a variety of cryptocurrencies for local currency with low fees. Their payment solution will enable online merchants to accept cryptocurrency payments directly. Cryset aims to solve the problems of limited cryptocurrency exchange options and lack of use cases for spending cryptocurrencies in Nigeria. They have conducted a successful proof of concept and are working to launch their full platform to capitalize on the growing Nigerian cryptocurrency market.
Akkord works on cryptocurrency trading platform.We aim to be most trusted and result oriented team in field of cryptocurrency trading by serving with extreme proficiency.
We desire to be proven the best out of all the customers have experienced by now.
Our experienced team will cater to their all financial needs.
“Exploring Blockchain, Bitcoin and Other Digital Currency Platforms Versus the Traditional and Evolving Financial Landscape”
15-17 February 2017 ● Southern Sun OR Tambo International, Johannesburg
“LIMITED SPECIAL OFFER: Book 3 Delegates and get the 4th free
The document provides an overview of cryptocurrency and related concepts:
- Cryptocurrency is a digital currency that uses encryption to function as both a currency and virtual accounting system without a central authority.
- Key events in the development of cryptocurrency included research in the 1980s laying the foundation for blockchain and the 2008 introduction of Bitcoin.
- Core concepts discussed include mining, which uses computational power to validate transactions; decentralization, where transactions are verified across a network rather than by a central entity; and wallets for storing cryptocurrency.
- Other topics covered involve anonymity in transactions; blockchain as the underlying technology; and the growth of cryptocurrency popularity and markets over time alongside trends like decentralized finance and non
The Professional’s Guide to Navigating the Cryptocurrency Landscape.docxmechabullcom
At its core, cryptocurrency is a digital or virtual form of currency that leverages cryptography for security. Unlike traditional currencies, cryptocurrencies operate on decentralized networks based on blockchain technology. This decentralized nature ensures transparency, immutability, and resistance to censorship.
World First Cryptocurrency with Decentralized Multiple Platformsikramrahhali
We would like to give an overview between the Daatty Coin and Bitcoin. Bitcoin was launched about 11 years ago.It went through enormous amount of skepticism.
And as early as two to three years ago, the entire financial markets were very questionable about Bitcoin. A lot of people reputed it as a fraud,but the situation now has changed,especially when the billionaire hedge fund investor invested between one and two percent of his worth net in Bitcoin assets.
Daatty Coin was launched three months ago and within a short amount of time it reached impressive results.
One of the most important reason why you should invest in Daatty Coin is because we are the first multi platform having decentralized projects for all needs. Our decentralized projects are:
-Payment system
-Digital shopping
-Internet
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-Cloud Storage
-Freelance Platform
-Learning App
-Messenger
-Video Conferencing App
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-Social media networking
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-Professional Services
We also have a strong networking behind the brand and believe time will come when more people will start using our cryptocurrency and multi decentralized platform. Once we become popular our price and volume will grow exponentially.
For all our coin holders we will be offering a free access to our decentralized multi platform based on the quantity of the coin possessed. We guarantee a safe ROI for all our investors willing to join the Daatty Coin community. Exchanges between DTC and other major cryptocurrencies will be available,but as soon as you sell the DTC token all your benefits are lost and transferred to the new owner.
The rewards are huge.If you invest 100 thousand dollars, you would be lucky if you are going to make eight to 10 percent on an annual return basis unless that amount is invested in Daatty Coin and the returns could be exponentially higher in a less amount of time.
The risk is proportional because the price can go down but can also grow its value far more than it was before and this is a phenomenon that is going to continue.Digital currency is the way the whole world is evolving. We want you to take part of this evolution with us before it is too late,because from our side there will be hard work to achieve our goals.For more info about our projects you can visit us at https://daattycoin.com/
The world of Fiat currencies are old, outdated, not enough hard currency money
supply and mismanaged by its current governments (Currency Wars) and now starting to
cause Social unrest, this is only the beginning and trying to get ahead of and prevent this
very serious situation from getting really out of hand. The world has experienced Global
Financial Crisis (2008 -2013), Central Banks disorder = Major Social disorder & unrest. In
this paper, we present a survey on crypto currencies, merits of crypto currencies compared
to fiat currencies and we then compare different crypto currencies that are proposed in the
literature. Finally, we propose different requirements that should be satisfied by crypto
currencies to replace Fiat Currencies.
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E deposite transforming african digital economy through blockchain technology
1. Page | 1
EDEPOSITE
Decentralizing African Economy
V 1.0
Title 1
Table of contents, 1
Disclaimer 2
Abstract 3
1. Introduction 4
2. Summary of the project 5
2.1 Cryptocurrency Market in Africa and Challenges. 5
2.2 eDeposite An Exclusive Solution 6
2.2.1 Aim 6
2.2.2 Business Model 6
2.2.3 Unique Selling Proposition 6
2.2.4 eDeposite Fact 7
2.2.4 i. Name 7
2.2.4 ii. Divisibility 7
2.2.4 iii. Mining Process 7
2.2.4 iv eDeposite Public Ledger 7
2.2.5 ICO Funds 9
3. The Blockchain Security 9
4. Nodes 10
2. Page | 2
4.1 Transaction Authorization 11
4.2 Verify the impeccability of Nodes 11
5. Merchants 11
5.1 Functions of Merchants 12
5.2 Benefits for Merchants 12
6. Exchangers 12
7. Mining structure 13
8. Fork of eDeposite 13
9. eDeposite ICO 14
9.1 ICO REWARD SYSTEM 14
9.1.1 Early Bird General Bonus 14
9.1.2 Individualized Marketing Reward System 16
9.1.3 Airdrop Reward Earning Strategy 18
10.Contributors 19
11.eDeposite Road Map 22
12.References for further reading 23
DISCLAIMER
By participating in this ICO, the subscriber fully accepts the risks associated to token
security, the possible negative economic results. Finally, the purchaser declares he has
conducted his due diligence according to the law to which he subscribes. Therefore,
subscribers are aware of the absence of any legal action against this company. Purchase
of the eDeposite token grant user the ability to use the coming eDeposite use cases on their
platform services. No other rights are transferred upon the ICO. Precisely, the company’s
only obligation is to distribute the eDeposite token under the conditions defined in this
Whitepaper. During the ICO, the company or her contributors may not be held liable for
any loss incurred by the user if account is not properly handled by the user.
3. Page | 3
Abstract
The paper started its argument with why Africa should join the
rest of the world in building financial systems on blockchain. The
research probes why Africa is lagging in the adoption of
cryptocurrency, the challenges militating the cryptocurrency
market in Africa and presented an overall solution in simplified
terms. Although, some statistical report have indicated a high
level of African’s interest in cryptocurrency, thus, leading to
some researchers conducting a theoretical investigation into the
conflict between the interest and the adoption rate of
cryptocurrency but failed to recommend a practicable solution.
This paper also pointed that the late adoption of the internet on
the continent resulted to slow technological growth. Here, we
demonstrated that cryptocurrency can be simplified to suit the
current technological state without compromising security
standards. In conclusion, we were able to prove that Africa is the
most promising continent that needs cryptocurrency innovation
to catch up with the current economic and technological
renaissance and that Africa needs her own indigenous
cryptocurrency suitable for her economy, or else she will
continue to locked her funds in cryptocurrencies used in
developing foreign economies.
4. Page | 4
1. Introduction:
The etymology of the word eDeposite is from “electronic“ and “deposite”. As the world advances
more of its activities on the internet, such as communication, entertainment, education, etc, all
these are made across borders with little or no intermediaries2
, therefore, financial activities can
also be performed on the internet the same way. There is also a need to keep assets online and
enjoy it as it appreciates. At eDeposite we believed the entire process of banking online should
be easier, cheaper, and secure. We are committed to creating a digital currency system that allows
financial transactions to be performed transparently across borders with lesser transaction fees
and also serve as store of value, this type of payment can only be achieved through blockchain
technology.
When a financial system is built on a peer-to-peer decentralized system, providing immutability,
guaranteeing autonomy, providing maximum security, bypassing the unnecessary financial
intermediaries that increase the cost of the transaction. It is nothing beyond cryptocurrency. No
doubt the crypto-industry is booming globally and Africa is joining the race. It is becoming more
attractive especially to investors who want to maximize profit in a short time. Other problems
cryptocurrency solve includes; the speed of transactions and borderless ability, hence, making it
an instrument capable of becoming a perfect global payments system.
Researches have shown that Africa is one of the most promising continents in cryptocurrency
adoption. This is because most African nations share common economic issues ranging from
high inflation rates and volatile currencies to financial issues such as capital controls and a lack
of banking infrastructure, all these create a fertile ground for an alternative like a cryptocurrency
that is positioned to become the ideal antidote to these challenges1
.
How long do we continue to allow a few individuals to control, benefits & determine the value
of our funds? Under the guise of centralized & secured by the government?
Hurry up to invest in the first Cryptocurrency to decentralize African economy.
Few tokens are available!
5. Page | 5
2. Summary of eDeposite
2.1 Cryptocurrency Market in Africa and Challenges.
Cryptocurrency enables one to bypass intermediaries and remain independent from traditional
financial institutions.(3)
However, only a few managed to become a commonly used monetary
asset. Merchants and service providers in Africa are often very reluctant in accepting
cryptocurrency payments as it involves additional risks of exchange losses and regulatory issues.
Also in conducting financial transactions online, there is no need to visit a bank before
one can bank on the internet, unfortunately, the reverse is the case here in Africa, another
annoying thing is spending more money to transact online. In Africa, high cost and low speed of
transaction is an issue as traditional money transmitting service charge as high as 9% on $200(1)
.
Despite warnings from most African governments against cryptocurrency, the adoption rate
continues to increase as more enlightened businesspersons continue to give it a second thought,
the reason is not far from its potential benefits and the dire need for an alternative to poor financial
services offered by African banks. Although the adoption rate is still inversely proportional to
the interest level. Several factors could be responsible for the low adoption such as; cumbersome
registration processes, the presence of Mobile Money, identity verification required, the silence
of legislation, technical jargons is also holding some Africans back such as; Nodes, Private key,
Public Address. Hashing, mining, etc.
On the other hand, African legislators are yet to make a stand (4)
due to; limited merchant
adoption, few available use cases in the continent such as DApps, IoT, collectibles,
programmable money, etc, thereby leaving many of its holders few options of usage and they
finally resort back to exchange back to fiat. Besides, the resources required to join as a technical
participant are expensive or not accessible. Roughly about only 0.2% of the over 10,000 bitcoin
and ethereum nodes resides in Africa and almost all are in South-Africa3
. Moreso, there is yet no
meaningful mining activity in Africa1
. As at December 2020, there are currently about 7000
cryptocurrencies in the world(6)(7)
and less than the 1% that originated from Africa are still not
addressing these problems.
One of the reasons why Africa is lagging technologically was her late adoption of the
internet when it was booming in the late ‘90s. How long do we need to hold ourselves down
against development? Remember, America’s Bitcoin, Switzerland’s Ethereum and Singapore’s
Tron are already penetrating into Africa’s economy, now the UAE29
is planning to launch theirs.
6. Page | 6
“No doubt, Cryptocurrency has come to stay, the big question remains how long will
Africans continue to grace foreign brands?”
2.2 eDeposite An Exclusive Solution
eDeposite is a devised solution to address these fundamental issues and takes into account the
challenges and problems faced by the Africans in adopting cryptocurrency. An instrument
capable of becoming a perfect global payments system.
2.2.1 Aim
To unify Africa by creating an autonomous
decentralized payment platform suitable for the
continent’s economy with low volatility. A currency
suitable to serve as a speculative asset and also for the
exchange of values. To develop a sound base where
individuals or corporate entities can develop
businesses on and around. With eDeposite, a closed
community like a university can build a community-
based app that can be used by all the members of that community to perform their daily
transactions using the eDeposite token.
2.2.2 Business Model
Investors’ hope should have risen as they have entrusted us with their funds, therefore, value
needs to be given, and their funds need to appreciate. Our plan is to operate a
Business2Business model, creating a manifold of use cases to increase value, support the
establishment of more advanced eDeposite tokens that can be extensively used for utility
purchases.
2.2.3 Unique Selling Proposition
Considering the economic situation and technological advancement level of the African
continent, the complete system is designed to fit into this level without compromising security
7. Page | 7
standards and has also fashioned out a way to improve this standard progressively. This is
evident in some processes such as mining that do not require sophisticated computers or
powerful mining rigs before new coin tokens are produced. The number of transactions
performed by verified merchants will be cryptographically converted to new coins. Moreso,
nodes and merchants are mandatorily Africa based firms because they share a fraction of the
infrastructural charges on every transaction. Volatility is a problem feared by merchants, this
will be addressed by issuing a level of protection to merchants, through partnership and
creating a stablecoin18
exchanging market for merchants. The currency has the economic
ability to serve as a utility asset that can be used to make purchases anywhere on the continent.
2.2.4 eDeposite Fact
i. Name: eDeposite simple means electronic deposit. The smaller unit is called Pesa,
Pesa is translated as money in Swahili language Africa most spoken language.
ii. Divisibility: 1eDT = 10000000000000000 Pesa = 1016
African Population by 2100 = 4.6billion
African Tribes = 3000
No. of Countries in Africa15
= 55
The product of the above is rounded up to quadrillion.
4600000000*3000*55 = 759000000000000 to 1s.f 10000000000000000
We assume that by 2100, every African citizen is expected to own 1eDT
iii. Mining Process
New tokens are mined when 1000 transactions are performed through a verified
merchant. These new coins will be incubated in cold storage for 365¼days. The
incubation period is the waiting period that determines the validity of these
transactions.
iv. eDeposite Public Ledger
eDeposite ledger is very simple to interpret because they are displayed in simple
language.
8. Page | 8
1. It is a "General public ledger" that shows all successful transactions and the public
addresses that received them.
2. Both the sender and receiver’s identities are not shown. The part of the recipient's
public address that will be shown may keep changing based on the owner’s privacy
choice, This is to enhance security of the system.
3. Account-holders can choose the type of privacy level for their account.
4. The public ledger shows the number of new tokens mined every second & the
addresses they belong to.
5. The ledger also displays the total number of tokens in the system
6. It also shows all the transactions performed within the last 7days.
9. Page | 9
2.2.5 ICO Funds
It is imperative to detail how token funds will be used. Funds raised during the ICO will be
managed in the following ways.
85% Assets backing the currency(5)(20)
7% System maintenance
3% Administrative
5% Infrastructure Setup
eDeposite is an asset-backed currency(19)(20)
, where investors’ funds are been valued and
structured to ensure a continuous appreciation in value of the coin. We have a structure to
backup eDeposite funds with the large mineral deposits in Africa, stable international fiat
currencies, a growing number of African MSME such as; the African Fintechs, Agriculture,
Manufacturing, Transportation, Real Estate, and most importantly focusing on human capital
development5
.
3. The Blockchain Security
eDeposite is running on a hybrid blockchain system. This is a combination of both private
and public blockchain systems, The network participants can only join after the existing
ICO Funds
Assets backing the currency System maintenance Management welfare Infrastructure
10. Page | 10
participant approve their application. Before any transaction can be processed, it requires
a multi-signature13
, there must be a consensus among all nodes. It must have been
validated by all active nodes & declared true T. Once a transaction enters the system, the
request is instantly redistributed to all the active nodes for validation. These nodes are to
declare the transaction True T. or False F., by declaring a transaction True, a signature is
appended on the transaction, if all nodes declare a transaction to be True (T), the
transaction is processed and recorded on each node’s explorer and also on the public
ledger. In a situation a transaction is declared False F. by a single node the transaction will
remain pending till the next hour and revalidated by all the nodes, if the same transaction
is declared F again by
the same node, the
transaction will be re-
postponed till the next
hour, this transaction
will keep getting
postponed till another
node declare it F or all
the nodes declares it
T. If up to 25% of all
the live node declares it false, the transaction is automatically canceled and recorded on a
separate ledger for fraud investigation. For every transaction, all nodes will verify the
origin of the sender’s balance from his last 10 transactions, this is to check the legitimacy
of the sender’s balance before allowing it to proceed.
4. Nodes
Nodes are the highest participants(25)(26)
of the system every country in Africa has a node
representative. Nodes are interested firms who have met up the signup requirements and has
been assigned an ID. IDs are issued alphabetically based on the order of joining the system.
Nodes are lettered AA, AB, AC AD….AZ.. Nodes are saddled with some basic
11. Page | 11
responsibilities such as serving as a watchdog for the entire system, existing nodes approve
the new incoming nodes, verify the activity of co-nodes, and validates transactions. Only 55
nodes are allowed to operate on the system at a time. A Node can only communicate with the
system using their registered IP during sign up. In a situation when a node wishes to change
her IP, she is made to go back and reapply till the existing nodes approve her. To prevent
conspiracy, Nodes’ identities are not revealed to other nodes. Nodes get some incentives for
performing these tasks. The commissions given to nodes are gotten from the fraction of the
infrastructural fee on transactions.
4.1 Transaction Authorization
Nodes authorizes transactions by validating the sender and recipient’s public address,
sender’s present balance will be confirmed, and the originality of the sender’s balance,
is also verified by checking through the last previous 10 transactions. All these are
performed by the nodes and a consensus16
must be reached before the transaction is
approved and recorded on each node’s ledger17
.
4.2 Verify the Impeccability of Nodes
Protect the system and ensure Nodes and Merchants are not being compromised. At
an interval of 1570 seconds, a node performs routine checks to verify the transparency
level of other nodes to ensure they haven’t been compromised.. The invigilating node
does this by checking the settings, parameters, IP configuration, records, server
properties, and the number of false transactions detected by all nodes including itself,
this is to ensure no node has been compromised. After this, the invigilating node passes
the invigilating baton to the next node. This becomes a daily routine for all the nodes.
5. Merchants
Merchants are corporate participants through which users can sign-up and create a new wallet.
Merchants also create extended services or exchange token for goods and service. There are
two categories of merchants, verified and unverified merchants. Through verified merchants,
users can create wallets, while unverified merchants offer exchange of token for services. The
requirements of becoming a verified merchant is evidence of incorporation in the country of
residence. Some state jurisdiction includes registration with the Corporate Affairs
Commission, Deposit Insurance Permit, Central Bank License, Security Exchange
Commission, etc. These are all to ensure the protection of user’s funds. Merchants can add
12. Page | 12
more signup requirements in addition to the required ones by the system known as the Know
Your Client (KYC), these are based on the category of users they intend to target, for example,
some merchants may request a means of identification such as Voter’s card, BVN, SSN,
National ID, International Passport or to upload a photo. It is better for users to sign-up
through these merchants due to their flexibility. For example, some merchants may offer an
account recovery process for their members. Unlike nodes, merchants can change their IP
they use in connecting to the central system. But they will first need to send a notification for
this. Merchants only communicate initiated transactions to the Transaction Receiving System
(TRS), this is where they dump all their
transactions.
5.1 Functions of Merchants
i. Merchants also serve as a gateway
for users to transfer coins into other
eDeposite wallet addresses.
ii. Merchants offer a more
comprehensive signup process and
Map a Wallet Address to a particular
user.
iii. They further add more security
features to the user’s wallet.
iv. They offer extensive services suitable for their members other than fund transfer
v. They raise disputes on behalf of any user
vi. They offer an account recovery process
5.2 Benefits for Merchants
i. They own every new token added to the system during mining.
ii. They have a share of the transaction charges.
iii. They also charge users an extra fee per transaction.
6. Exchangers
13. Page | 13
Although our plan to contribute to African’s cashless mission by creating diverse use cases to the
extent of eliminating the need for cash, yet we can’t still overrule out the need for physical cash.
Africa has a cash driven-economy(9)(10)
. Our vision is to bring cryptocurrency to the grassroots.
Apart from being enlisted on global exchanger websites such as coinmarketcap and coingecko.
We will roll out local verified exchangers across the continent. They will convert eDeposite coins
back to fiat currency. The requirements for being a local exchanger is similar to that of a
merchant. Exchangers have to be registered as a corporate organization in their country.
7. Mining structure
When there will be demand for new coin tokens,
at this point there will be a need to add more
blocks to the system. The system will
automatically count the numbers of incubated
coins and convert them into new blocks, after
which they are added to the merchants’ wallet.
With this, we hope there will always sufficient
cash in the system otherwise a fork will be
required(11)(12)
.
8. Fork of eDeposite
This is an upgrade to blockchain system8
. To correct any anomaly, fix technical issues,
debugging, or change protocol rules. This is essential to furtherance transparency, increase
security of the system, and to enhance the aim of achieving a complete decentralized system. The
upgrade may also include a change in infrastructural charges, network participant’s ratios12
, etc.
14. Page | 14
9. eDeposite ICO
eDeposite ICO comes differently from the popular ones, it has taken into consideration the basic
information needed by investors to know about the project as described in the White Paper. The
ICO is an investment opportunity for smart investors and there is an advantage for the early
investors to earn more during this period. Every existing member gets a fraction from the 10%
bonus assigned to new users. For every new wallet activated, ten percent (10%) of the amount of
token purchased on this wallet will be shared among all existing members in ratios of their wallet
balances, this is regarded as an early bird bonus.
9.1 ICO REWARD SYSTEM
9.1.1 Early Bird General Bonus
Rules
i. A wallet can only be credited once during any bonus sharing time, meaning
a wallet can only receive from a general sharing bonus, referral bonus, or
coin token purchased directly into a wallet.
ii. The bonuses earned are not considered in subsequent calculations.
Example 1;
Mr. A signed up as the first user with 5eDT
Mr. B joins the system and activates his account with 20eDT
Now, Mr. A will get an additional 0.4eDT into his bonus wallet
This is because there are just 2 people in the system,
10% of Mr. B’s 20eD = 2eDT
There are 2 users in the system,
Mr. A 5eDT
Mr. B 20eDT
Sharing ratio = 20:80
15. Page | 15
Therefore, from 2eDB allotted bonus, Mr. A will get 0.4eDB bonus
Example 2;
Let assume there are 4 users in the system with a total of 200eDT in the following
proportion, and a new user Mr. E just activated his wallet with 50eDT
Mr. A 40eD
Mr. B 55eD
Mr. C 60eD
Mr. D 45eD
The 10% bonus gotten through the new user will be shared in using their ratio
Thus, having the calculation to be
Mr. E’s 50eD wallet activation will attract 10% = 5eDB
Mr. A’s 40eDT = 16%
Mr. B’s 55eDT = 22%
Mr. C’s 60eDT = 24%
Mr. D’s 45eDT = 18%
Mr. E’s 50eDT = 20%
5eDB bonus will be shared among all members but only the 4 old members will receive the
bonus members in the following ratio.
16:22:24:18
Mr. A’s 40eD = 0.8eD
Mr. B’s 55eD = 1.1eD
Mr. C’s 60eD = 1.2eD
Mr. D’s 45eD = 0.9eD
Mr. E’s 50eD = 1eD ------- This will be discarded
16. Page | 16
9.1.2 Individualized Marketing Reward System
Considering the short duration of the ICO, the mainstream media can only create awareness, but may
not guarantee new members’ signup. Irrespective of how detailed a white paper or TV jingle is,
people will still require a mouth-mouth interaction to fully understand the project. Word of Mouth
(WOM) solves the problem here. We, therefore, believe the reward is due for those who have taken
time to do what other forms of media cannot do, by earning token bonuses for their effort rather than
rewarding other forms of media. The reward for this is 5% of the number of tokens the new user is
purchasing. This marketing technique is to complement the early bird reward strategy.
Example 3;
Mr. A as the first user has 5eDT
Mr. B joins signed up using Mr. A’s referral link and activates his account with
20eDT,
Bonus from 20eDT is 2eDB
50% of 2eDB is 1eDB
Now, Mr. A will get additional 1eDB into his bonus wallet
Example 4;
Let assume there are 4 existing users in the system with a total of 200eD in the
following proportion, and a new user Mr. E just activated his wallet with 50eD using
Mr. A’s referral link.
Mr. A 40eD
Mr. B 55eD
Mr. C 60eD
Mr. D 45eD
Mr. E 50eD ----- New wallet
17. Page | 17
Here, Mr. A will get 5% while the remaining 5% will be shared among all members
using their ratio.
Thus, having the calculation to be
Mr. E’s 50eD wallet activation will attract 10% = 5eD
Mr. A’s 40eD = 16%
Mr. B’s 55eD = 22%
Mr. C’s 60eD = 24%
Mr. D’s 45eD = 18%
Mr. E’s 50eD = 20%
Mr. A will get a referral commission of 50% from 5eD equal to 2.5eD
The remaining 2.5eD will be shared as follows
16:22:24:18:20
Mr. A’s 40eD = 0.4eD ----------- This will be discarded
Mr. A’s ref Bonus = 2.5eD
Mr. B’s 55eD = 0.55eD
Mr. C’s 60eD = 0.6eD
Mr. D’s 45eD = 0.45eD
Mr. E’s 50eD = 0.625eD ----------- This will be discarded
18. Page | 18
9.1.3 Airdrop Reward Earning Strategy
For a cost effective ICO marketing, Airdrop system is most suitable14
reward system such that users
are compensated based on their contribution to the campaign. The table below shows how much
token is paid for each promotional activity.
Activity Value in eDT
1. Facebook post 0.0001154789
2. Facebook page post comment 0.0001398552
3. WhatsApp Status Post Text 0.0001005468
4. WhatsApp Status video Post 0.0009248693
5. WhatsApp Status Image Post 0.0005241156
6. Telegram membership 0.0005987565
7. YouTube Video Comment 0.0009384198
8. LinkedIn 0.0007245854
9. Graphics 0.0149529529
10. Video production 0.1384841898
11. Blog Post 0.2999526618
12. Twitter followers 0.0050005141
13. Twitter Retweet 0.0004102246
14. Instagram Followership 0.0004246554
15. Instagram Retweet 0.0054545155
16. Twitter Hashtag usage 0.0001358118
17. Comedy Skits 0.0531841841
18. Facebook Page invite 0.0005452167
19. eDeposite Review 0.0052841887
19. Page | 19
10. Contributors
For a successful cryptocurrency to survive beyond its founders, the creation doesn’t stop at
developing only a blockchain system, rather, developing sustainable businesses around it. To
increase our chances of success, eDeposite contributors comprises experienced professionals
from across the spectrum, from academic, finance, technology, business to the world of
blockchain and crypto currencies. Few of the contributors are listed below.
Komolafe Israel28
: A degree holder in Educational and Instructional Technology from the
University of Ilorin Nigeria and a Master Degree from Nelson Mandela Metropolitan
University, South Africa. Israel has been privileged to visit many other African countries and
this has made him to identify the common economic issues battling African states and also
assisted him in contributing immensely to this project, in completion of his master’s program,
he developed a software that will assist teachers in administering classified questions based
on various examination standard, this software (Q-GEN) was later commercialized and it
became a masterpiece tool in schools in southwest Nigeria and was also welcomed by the
Kaduna State Ministry of Education.
Hammed Obasekore (22)(23)
. A vast web developer who has both local and international
experience, a Ph.D. researcher in the school of Robot and Smart Systems Engineering at
Kyungpook National University, in Daegu. Korea. Hammed bagged his MSc. in
Mechatronics and Robotics Engineering from Egypt-Japan University of Science and
Technology (E-JUST) Egypt under the program supported by Pharco & co. His Bachelor’s
degree was in Mechanical Engineering from the University of Ilorin, His desire for bringing
technology to Africa made him have an interest in this project and he is currently researching
in Deep Reinforcement Learning implementation for social/intelligent robots. His
contribution is to research and set minimum technological standards for this project.
Mohammed Ibrahim: Ibrahim is a Computer System and Network Engineer, with a
background in Geo-physics. Ibrahim has an expanse knowledge in identifying and
locating earth minerals in African soil. Combining his computer knowledge with
geophysics, he is a perfect resource person for this project as the currency is to be backed
with various African earthly minerals.
Akintomiwa Opemipo: is an accomplished software developer with over ten (10) years’
experience in application development. He is outstanding in every stage of the life cycle
20. Page | 20
of software development including design creation, coding, debugging, testing, and
maintenance. He is an expert in devising innovative and tailored solutions to assist
businesses to achieve their goals in a variety of industries. He is very proficient in several
programming languages including Rust, Python, Typescript, Ionic, Cordova, Kotlin, PHP,
JavaScript, MySQL, C/ C++, SASS, etc. Akintomiwa is the lubricant for this project.
Oladipo Olalekan David21
: is a Senior Lecturer at the School of Economic Sciences,
North-West University, South Africa and a research associate at the Faculty of Informatics
and Management, University of Hradec Kralove, Czech Republic. David has conducted
panel research on forty-six African countries to measure the casual-effect of the
relationship between telecommunication infrastructure, economic growth and
development. His aim is to determine how telecommunication infrastructure promotes
economic growth and standard of living in Africa. With his wealth of experience, he will
be leading a team of Economic experts in actualizing the vision of this project.
Yusuf Folawiyo(24)(25)(30)
: Yusuf is a homegrown Engineer with a versatile knowledge in
Java programming, this skill assisted him in developing a microcosm for this
cryptocurrency project which was a milestone on the eDeposite roadmap. In 2019, Yusuf
decided to deepen his knowledge in IT by proceeding to the Federal University of
Technology, Minna, Niger State to obtain a master’s degree in Telecommunication
Engineering. As the CEO of system Technologies30
, an IT firm that focuses on payment
systems, and embedded systems25
. Although he is not erudite in blockchain technology,
his contribution in using java to develop mobile demo apps which were used as sandboxes
gave us a clearer picture of what the entire system will be. He was a significant contributor
to this project.
Badejo Ridwan27
: Badejo began his academic career at the University of Ilorin, Nigeria, and
proceeded to the University of Warwick United Kingdom to obtain a Master’s degree in
supply chain and logistics management. His proficiency in business management qualified
him to work with the British American Tobacco Company (UK), as a Global Portfolio
Optimization staff. Badejo is earnest about the success of this project as he will be
contributing his skills and international connections for this mission to be accomplished.
21. Page | 21
Zelibe Samuel Chiabom(31)(32)
: Zelibe is a PhD holder in Mathematics and presently a
mathematician at the Federal University of Petroleum Resources Effurun, Delta State, he has
carried out researches on many areas including transportation33
. As part of our mission to
backup eDeposite with mineral deposits in Africa and also have transportation as one of the
use cases. Zelibe is such an indispensable contributor, he will be developing mathematical
models for sustaining the blockchain system and contributing to the transportation use case.
Having an expert from the first and only University of Petroleum in Africa34
is a great
privilege to eDeposite.
Barrister Isa Oladimeji Umar: Umar Oladimeji is a legal practitioner with a Master degree
in law from the University of Ilorin with 15 years in practice. A Principal partner at (IOU
Chambers, Ilorin) where he oversees an eloquence of lawyers with diverse areas of law
working with him. Umar has traveled to various countries of the world such as the United
Arab Emirate, India, United Kingdom, and some Caribbean countries. With his experience in
local and International law, he will be leading the legal unit of eDeposite project consisting
of tech lawyers with a focus on blockchain, and other emerging technologies.
David U Enoch35
: David is an author(36)(37)
, IT tutor and blockchain developer with over 10
years of experience in software development. He studied elements of Artificial Intelligence,
advanced courses from the University of Helsinki and Reaktor. He is proficient in several
programming languages including Solidity, python, JavaScript, PHP and the major developer
of the Pie Frameworks. He is a certified Cyber Security expert, Networking (CISCO) and
IoT. He is currently the Head of Academics at Aptech, a mentor at Faster Capital38
and
founder at Netserver Africa Digital Hub39
.
Abraham Agu40
: Agu is a trained mechanical engineer, and an experienced digital marketing
consultant with vast experience in digital strategy, social media marketing, content marketing,
local SEO, Email marketing, etc. As a content writer and email copywriter, he has been a part
of very successful blockchain projects. A pan-African to the core who believes in building
Africa and increasing her contribution to the rest of the world. He has gracefully headed a
number of content marketing teams and content development for some organizations.
Faith Obafemi41
: Faith Obafemi is a tech lawyer with a focus on blockchain and emerging
technologies43
. She is a 2021 Tech Policy Fellow at the Tony Blair Institute, Research Fellow
at the African Academic Network on Internet Policy (AANOIP)42
, a Decentralized Justice
22. Page | 22
Fellow with Kleros, where she is researching on the implementation of the African
Continental Free Trade Agreement (AfCFTA) on the blockchain. A facilitator at Africa
Blockchain Institute (ABI), “Blockchain for Legal Professionals” course. She participated at
Blockchain Week Workshop Lagos, African Women in Tech 2018 Nairobi, BlockTech
Women and CoinFest sponsored events. She has been featured in Legal Business World, an
international magazine for lawyers, CoinDesk, Fortune, an Italian Magazine; Coin Rivet,
Africa Legal, Yahoo Finance44
, etc. She is on the list of top 20 African blockchain influencers
to follow on Twitter in 201945
. She is also on the list of top 50 African LegalTech Innovators
202046
. She is the Legal Consultant to this project.
Bolajoko Maryam Mashood47
: (CFA, ACA, AAT): Maryam is Chartered Financial Analyst
with an in-depth experience in financial planning, analysis, reporting and strategy
development for commercial and investment banks. A Chartered Accountant and an
Associate Accounting Technician with interest in financial and transactional advisory roles
in organization with ambitious goals. With her experience in finance and accounting, she will
be the consultant to the finance and account unit saddled with the responsibility for overseeing
all finance functions of eDeposite projects preparing a perfect Profit Plan, Forecast
Projections & explore new Use Cases for the eDeposite project in accordance with
International Financial Reporting Standards.
23. Page | 23
eDeposite Road Map
1. April 2018: eDeposite Demo Launched
eDeposite Demo V1 designed with Java was launched and tested on a dedicated server. The
demo was presented at the Senate building to the Vice-Chancellor University of Ilorin.
2. March 2019: eData Mobile App was created as a sandbox: eData App was developed as
a sandbox to test the efficiency of the eDeposite system. 3 more Sandboxes were rolled out
to test the connectivity strength and processing speed of the system, 4 successful transactions
were processed per second while 11 unsuccessful transactions were discarded.
3. October 2019: New Model released (Fantasy Prototype)
eDeposite was completely transferred to blockchain technology system, merchants were
deployed and transactions were performed by the general public.
4. April 2021: Adding Network participants & Integration of Nodes: Design and execution of
crypto development hubs across the continent. Publishing software for nodes and
integration across the continent.
5. June 2021: Rolling out of use cases.
6. November-December 2021: ICO Tokens Presale
7. November 2021: Collaboration/Partnership: eDeposite will partner with various
organization.
8. December- March 2022: Verifying Local Exchanger.
Creating a webpage to list all verified local exchangers across the continent. This is to control
ripping those who wish to convert eDeposite coins back to fiat currency.
9. April-June 2022: Open Source, Release of Code on Stack Communities and Commissioning
ICT Capacity Building Centers across Africa. The open-source model is a decentralized
software-development model that encourages open collaboration
10.July 2022: Trading Platform: eDeposite will be added to the crypto trading platform to
create more investment opportunities for coin owners.
11.August 2022: API Gateway Release for Mass Integration
12.Further Development and introducing more online uses of eDeposite
24. Page | 24
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