Africunia Bank platform has announced the launch of its Initial Exchange Offering (IEO) on AZBIT Exchange and VINDAX Exchange.
A statement by the management of the bank Tuesday said Africunia Blockchain Digital Bank is a 100% fully digital open bank based on Blockchain Technology 3.0.
It is a new and unique financial institution that offers not only traditional banking services related to the opening of savings and current accounts, issuing of debit & credit cards, loans, and forex exchange services.
It also provides innovative banking services such as bank-to-bank transactions, interconnecting the world of traditional finance and cryptocurrency startups.
It is a coming-of-age semi-decentralised network that allows developers to leverage Sidechains and Smart Contracts to build scalable block chains.
The platform has an ecosystem offering users access to a decentralised global market, which is poised to impact many sectors.
Its Sidechain model allows for the development of independent dApps, facilitating customisation, infinite scalability, never seen before transaction speeds per second, and a significant departure from high network fees, thereby providing multiple benefits for the users.
Its protocol has been designed to make it convenient, secure (military grade), and seamless for all stakeholders.
The AFCASH Coin is the native coin to Africunia Blockchain and it is used for transaction fees, money remittance fees, staking, lending, delegates, and rewards, all delivered in its ecosystem. The AFCASH Coin will be available on international exchanges. The first round IEO supply is capped at 5 million where 1 AFCASH = $0.25 and active pairs include EXL/BTC/ETH/USDT. In the second and third rounds of IEO, AFCASH will be priced at $1 & $2, respectively.
