Africunia - Digital Bank Offering Traditional Banking Services Using Blokchain Technology

Since its launch in 2009, Blockchain Technology along with the underlying technology has sparked a wave of technological and social revolutions that have sent ripples in industrial gangs. Today, not only is the financial sector using Blockchain technology, but other industries such as Healthcare Providers, Insurance Companies, Government, and IOT. Applications using Blockchain Technology seem unlimited.

One thing is certain: Blockchain technology is here to stay like the internet for the past two decades. But amidst the hype about Blockchain Technologies and digital currencies, their adoption in the mainstream financial industry has been a disaster. Already, some banks have started developing very easily the methodologies and standards that align technology with responsible innovation. In 2016, the IMF and World Bank held the conference hosted by the U.S Federal Reserve where it was estimated that 90 Central Bank committed to researching distributed ledger Technology (DLT), Blockchain and digital currencies to create responsible digital currency

What is Africunia?

Africunia is a World Bank Africunia Open 100% Full-Full-Digital Bank based on Blockchain Technology.

Africunia as a new and unique Financial Institution not only offers traditional banking services such as savings & checking accounts, debit & credit card issuance, foreign exchange loans and services but will also provide innovative services such as bank-to-bank. transactions, the interconnection of the traditional financial world and the startup of cryptocurrency.

Bank Africunia will be a full-fledged digital bank accessible everywhere, 24/7. It will function like a conventional bank, but it will not host any branch or physical front office

Technology

To stay within the limits of conventional banking, we will use the API (Authorized Payment Agent) for using appropriate service and innovation standards.

The base of AFRICUNIA BANK is an increase in capital invested according to customer development which in turn maximizes profit. In addition, as far as technology security is concerned, our network architecture is decentralized.

Therefore, data storage, cryptographic encryption and security mechanisms for the identification, authentication and authorization of individuals or corporations are linked by the instrument. However, data processing is done automatically using the applied AI algorithm

Fund Structure

The fund structure may vary from case to case. Although it will evolve as new information becomes available, this book will be run by a prominent legal advisor who will continue to update reviews of what has been published.

Here's how the token will be shared:

Community contributors will be allocated 50% of AFCASHs.
Company reserves will be awarded 30% of AFCASHs. The reserves will form part of the company's revenue source after the distribution period and will be partially allocated between the direct contributors and the core business team if necessary.
The remaining 20% of AFCASHs will be allocated to Founding Africunia Members and their advisors, partners and campaigners as follows: 15% (Africunia Founders); 3% (Counselors & Partners); 2% (campaign interpreter). These funds will not be immediately traded to continue to motivate the core team after the distribution period.

Structure Token

Token/coin symbol: afcash
Token/coin total supply: 500,000,000 (five hundred million afcashs)
Circulating supply: 500,000,000 (five hundred million afcashs)
Token/coin price: 1 afcash = $0.10 usd
Unsold tokens: any unsold token will be burnt

Basic Structure

Surely the structure of the fund will continue to change depending on the opinions made with our legal advice. However, currently 50% of AFCASH will be allocated to public contributors, 30% will remain the Company's reserves and Foundation for project development and to fund Social and Ecological projects. Fifteen percent (15%) will be reserved for Founding Members, 3% for Advisers and Partners while the remaining 2% will be distributed to distribution to our Bounty Campaign.

Income

At the end of each Financial Year, 20% AFRICA BANK Profit will be distributed among all Token Holders (AFCASH) by each Shareholder for the total number of Token issued, and this will be paid automatically to Coin User in it. each wallet In other words, you are entitled to AFRICANIA BANK income. Think of it as PASSIVE REVENUES.

Our value

Our main goal is to become the industry standard and one-stop shop to set up a token fund, regardless of whether the fund is invested in the universe or crypto nature