EOS is a blockchain operating system that is designed to be very flexible, to accommodate millions of transactions per second and to be very user-friendly. On April 21st, 2018, at 10:00 pm W.A.T, the first-ever EOS Meet-up will take place at 19A, Ogundana Street, Off Allen Avenue, Ikeja, Lagos, Nigeria.
It will bring about the dawn of a new era where programmers will have more incentive to build decentralized applications because it would be easier to do so given that the EOS software would provide a backbone that is fortified with a vibrant community, and a constitution and good governance structure. The EOS software would be free to use, unlike Ethereum which costs gas. All that is required to build on the network is a stake which would grant them access to the network. If you own 1% of the network, you have access to 1% of the computational power, 1% of the bandwidth, and 1% of the network storage. EOS would be super fast given the horizontal parallel scalability feature.
This is the third project that is being spearheaded by Dan Larimer. Dan Larimer, is the visionary creator of Bitshares and Steem who has earned the reputation of creating decentralized applications that are actually scalable and usable. Steem and Bitshares alone already perform more transactions per second than Ethereum and Bitcoin (check blocktivity.info to confirm this claim).
Dan has gotten wisdom and experience from creating Steem and Bitshares, now he is building EOS to be better and bigger than his two previous projects. EOS will be a general multipurpose platform for creating decentralized applications like Steem and Bitshares.
The EOS blockchain would be launched on the 1st of June and right now the third version of the EOS test net Dawn 3.0 is live. The EOS token distribution (ICO) has been going on for eleven months now. It will end on June 1st and then contributors would have their EOS ERC-20 tokens swapped for the precious EOS tokens. EOS uses the Dutch Auction method and investors place a bid for 2,000,000 EOS tokens distributed daily. The token distribution was designed to last for a year to ensure a fairer ICO where everyone gets a chance to participate and to prevent a situation where the whales just come and scoop up most of the tokens in a bid to dumb them on later investors.
The EOS tokens give bandwidth access to EOS holders to participate in the network and to vote for block producers and it is also the key to enjoy some delicious airdrops from DAP such as EOS DAC, Everypedia, EOSvibes, e.t.c.
The EOS meet-up is organized by Tojukaka who is very passionate about cryptocurrency and Blockchain technology! He is a cryptocurrency trader, investor, and EOS Nation Ambassador. He is supported by an awesome team of EOS enthusiast in Nigeria. He believes and lives to see a day when poverty and fear are eliminated from the world through education.
It is supported by block producer candidates: EOS cafe and EOS Nation and a vibrate team of EOS enthusiast here in Nigeria. It is rumoured that they are building an EOS sponsored facility that will enable them train the youths to be blockchain developers.
Block producers in the EOS Ecosystem are the equivalent of miners in Bitcoin. Just like miners, they validate transactions and secure the network. Unlike Bitcoin, however, EOS uses a Delegated Proof of Stake(DPOS) Consensus Algorithm where block producers which are elected by the community (through staked weighted voting), take turns to produce blocks every 0.5 seconds.
If you want to attend the first-ever EOS Meet-up in Lagos Nigeria, you can register by clicking on the link below. https://www.eventbrite.com/e/eos-meetup-tickets-45149506389
Blocktech Women Conference 2019- Showcasing Africa’s Women In Blockchain
There has never been a conference like this! Women are taking the center stage in the blockchain industry all across the Atlantic and back home in Africa, be a part of this fully loaded Educative series.
Blocktech Women Conference-2019 -the first female-driven blockchain conference in Africa built to reposition the mindsets of all female players in the blockchain industry has been put together by the Blockchain Association of Ladies BAL. It has never been this big and it would be held on Friday, 12th April 2019 at Virginrose Resorts, Victoria Island, 8 am prompt.
The Blocktech Women Conference 2019
The Conference is billed to educate and train attendees on various aspects of blockchain technology; Women And Blockchain, Digital Assets Trading, Blockchain In Public & Private Sector, Blockchain In Supply Chain, Blockchain Application Programming & Coding, Personal & Business Branding, among others. Attendance is free for all and open to both males and females.
The above-listed wealth of information will be delivered by are our renowned speakers; Reggie Middleton, Founder, Disruptor-in-chief and CEO of Veritaseum (USA), Lorna M.Johnson, CFO at Advanced Family Care Medical Group Inc (USA), Alakanani Itireleng, Founder at Satoshi Centre (Botswana), Genevieve Leveille, Founder at AgriLedger (Jersey), Maureen L. Murat, Principal at Crowdie Advisors (USA), Linus Kingdom, Managing Editor at eBlockbuzz (Nigeria), Heaven Bereket, Founder at Bambino Foundation (Sweden), Lindsay Nuon, CEO at Women of Color In Blockchain (USA),Lucky Uwakwe, CEO at SABI Exchange (Nigeria), Doris Ojuederie, Founder at Blockchain African Ladies (Nigeria), Nathaniel Luz, Executive Director at Cheetah Africa (Nigeria), Faith Obafemi, Blockchain Lawyer (Nigeria), among others.
That’s not all. The Veritaseum (USA) representatives will be on the ground at the Conference to train attendees on trading digital GOLD via the Blockchain. To get the training started, Veritaseum will be distributing about $17,000 worth of its VeGold asset to attendees who had already completed their KYC verification on the VeGold trading platform; https://dapp.veritaseum.com.
This freebie serves as support to the African woman. However, it is important for prospective attendees to get their KYC done and approved prior to the event to avoid unforeseen inconveniences. Queries about KYC Verification should be sent to https://t.me/joinchat/EytLU00P2FaVJTJ2sgApuQ
We are also pleased to inform you that representatives of SisiBox Period Subscription Package will be distributing 50 packs of their Combo Sanitary packs to 50 attendees at the Conference. SisiBox Lady Sanitary is designed to provide quality anion sanitary napkins for women at the lowest cost possible via the Blockchain technology while raising financially empowered and entrepreneurial driven ladies in the continent and beyond.
To qualify for the free Sanitary packs, prospective attendees are required to register via the link below and thereafter give out their personal link to friends for registration: https://sisibox.com/blockwoman. The top 50 attendees with the highest referrals will each receive the SisiBox Combo Female Sanitary.
The 2019 Blocktech Women Conference team will be waiting to welcome you at Virginrose Resorts, Victoria Island, Lagos on April 12, 2019.
Contact: Doris Ojuederis, Senior Convener, Blocktech Women Conference +2348095973066 – firstname.lastname@example.org
Kudi Exchange is Live in Beta Testing
What else makes Kudi Exchange special? It is the first and only exchange in West Africa to offer a U.S. Dollar backed stable coin through our co-marketing partnership with Gemini
This is big news for Ferrum Network because we built and launched a world-class exchange and payments product on a seed budget.
But it is even bigger news for the people of West Africa who for the time first time can purchase a U.S. Dollar backed stable coin with fiat and send fiat currency peer-to-peer instantly with no third-party intermediaries. We are proud to introduce Kudi.Exchange — A Digital Currency Exchange + Peer-to-Peer Payments App with U.S. Dollar Stability.
It’s a Fiat Gateway, But Runs on the Ferrum Network
What is Kudi.Exchange? It is a fiat-to-crypto exchange + mobile payments app based in Nigeria that runs on top of our network. With Kudi, users can buy digital assets directly with fiat. It is the fastest, lowest cost and most advanced digital currency exchange in Nigeria.
Why Nigeria? Nigeria is a massive crypto market. It has the 7th highest BTC volumes in the world, 1st in Africa, highest Google searches in Africa for “bitcoin”, a population of 200 million with 50% under the age of 35, and an existing financial system that is ripe for disruption.
Competing exchanges that offer far less regularly achieve $5 million USD in monthly volumes. With such a large market with low incumbent competition, we look forward to offering this product to millions of customers.
Faster Speeds, Lower Costs
How do we achieve millisecond transactions at lower cost than our competitors? Simple — the backend of Kudi.Exchange is running on the Ferrum Network — a high-speed interoperability designed for low cost financial applications. This means users can buy/sell/send digital assets faster and for less network fees than other exchanges.
The Only Exchange In West Africa to Offer U.S. Dollar Stable Coin
What else makes Kudi.Exchange special? It is the first and only exchange in West Africa to offer a U.S. Dollar backed stable coin through our co-marketing partnership with Gemini
Like many emerging markets, the demand for U.S. Dollars in Nigeria is high, but physical dollars are difficult and costly to obtain. Now for the first time, Nigerians can access digital U.S. Dollars through an app. They can rest assured those assets are backed by a fully-regulated trust company, Gemini.
Our market tests indicate that demand for a U.S. Dollar stable coin is incredibly high, and we are proud to offer our customers easy access to this critical safe haven asset.
It’s Also An Instant Peer-to-Peer Payments App
Perhaps the most exciting aspect of Kudi has nothing to do with cryptocurrencies. Remember — the market for people who deal only in fiat is far larger than those interested in digital currencies.
Therefore, Kudi also functions as a peer-to-peer mobile payments app for instant fiat money transactions. Our customers can now send Naira to each other instantly with no banking intermediaries at a fraction of the cost of a traditional bank app.
How is this possible? The Kudi.Exchange mobile wallet also doubles as a payments app. Users simply deposit their Naira into the app, enter the address of the recipient, and “send”. Customers can also send money to non-customers through their phone number or What’s App number, and the recipient will be prompted to download the app to receive the money. Since this all runs on Ferrum Network tech, the Naira is transferred in milliseconds, and it never goes through a third-party.
Normal banking apps in Nigeria can take up to 24 hours to send money, and charge fees on everything from minuscule transactions to using cellular data! With Kudi, users can now send Naira instantly peer-to-peer at a fraction of the cost. We are now talking to merchants who are interested in using this app to replace costly point-of-sale system, and who want to incorporate a fast, cheap, mobile payment solution.
More Transactions = More Burned Tokens
What does all of this mean for token holders? Well for now the exchange is running on a limited private Mainnet. But when the full Mainnet goes live in a few months, users will be spending FRM tokens for every transaction. Remember: every transaction that runs on the Ferrum Network burns FRM tokens.
With thousands of Nigerians sending Naira to each other, and buying/selling digital currencies, this will have an immediate positive impact on the Ferrum Network ecosystem.
In other words, Ferrum Network will be the first project with users, daily transactions and network utility on day 1 of main net launch.
Designed to be Replicated in other Markets
Finally, the best part is that this solution is not limited to one country. The technology is designed to replicated. We can easily import this solution to other emerging markets, and partner with existing exchanges who want to incorporate a U.S. Dollar stable coin and instant peer-to-peer fiat payments. And since it all runs on the Ferrum Network, the more we expand, the more it benefits the ecosystem.
Thank You to Everyone Involved
We want to thank TLG Ventures for being the driving force behind Kudi.Exchange. We also want to thanks all of our pilot users who are making sure the product is as great as it can be — you know who you are. Finally, we want to thank the Ferrum Network community for sticking with us since the early days. We could not have done this without you.
Coming Up Next
Since Kudi is still in the pilot, we will be sending weekly traction updates on our progress. You’ll also get updates on specific aspects of Kudi, including our user acquisition strategy, and expansion into other countries and other services (e.g. merchant point of sale).
Of course all of this is leading up to a token sale (details to be released soon) so YOU can get involved in Ferrum Network!
An Overview of SaBi Exchange
SaBi Exchange happens to be the most advanced centralized Cryptocurrency Exchange in Africa. Find out more in this review by cryptowisser.
There are currently over 15 cryptocurrency exchanges in Africa with about five centralized cryptocurrency exchanges in Nigeria. However, among these exchanges. SaBi Exchange happens to be the most advanced centralized Cryptocurrency Exchange. SaBi Exchange was launched 10 March 2019. It was founded by Lucky Uwakwe and Peter Huang. Lucky Uwakwe is a graduate of Nicosia University in Cyprus and has earned a Masters Degree in Cryptocurrency and Blockchain Technology. He is the current Ambassador of Dash Cryptocurrency to Africa, Founder of Cheetah Africa and a citizen of Nigeria.
SaBi Exchange is based in Abuja Nigeria.
The exchange is powered by Huobi Cloud and has the same security and liquidity features as Huobi. SaBi Exchange has partnered with Huobi to deliver outstanding crypto trading services to the region. According to the review from cryptowisser. It has not been able to verify the details of the Huobi partnership with SaBi Exchange and as such investors are advised to read this partnership details with caution. SaBi Exchange allows cryptocurrency deposits and fiat deposits on its platform with limitations.
US citizens aren’t allowed to deposit fiat currency into the platform while some listed countries are allowed to deposit fiat currency. The countries allowed to deposit fiat currency on SaBi includes China, South Korea , Canada, Russia, Britain, India, Australia, Switzerland, Brazil, Taiwan, NewZealand, Singapore, Vietnam, Nethaland, Hongkong, Nigeria, Indonesia, Philippine, Cambodia, Middle-east, Malaysia, Myanmar, Turkey. Fiat deposits through Wire Transfers and Card Deposits are allowed using Qiwi, Paytm, Paynow etc. However, Cryptocurrency deposits are allowed by users worldwide.
Trades And Fees
Aside from the normal trade features, SaBi offers four types of trades. They include OTC-trading, Margin, Exchange and Leveraged Trading. The OTC-trading feature of Huobi Exchange comes under the following currencies—USDT, BTC, ETH and EOS. SaBi Exchange offers 2x to 5x leverage. The leveraged trading features are available on 41 trading pairs out of the 240+ trading pairs available for regular exchange trade. It also offers 0.20% trading fees on both makers and takers which is slightly below the normal 0.25% fee charged by other exchanges worldwide. It charges a withdrawal fee of 0.0005 BTC. The withdrawal exchange fee charge is approximately 40% lower than the global exchange fee charge.
SaBi uses the Huobi security protocol “Huobi Cloud” to secure its platform against hack attempts. It equally shares the Huobi liquidity to ensure a liquid trading platform for its users. The exchange platform boosts of speed and faster transactions on trading of cryptocurrency on its platform. Fiat deposits are available through wire transfer and debit cards with a good security feature ensuring the safety of users account details in Nigeria. Fiat deposit can also come through Paynow, Paytm, Qiwi, IMPS, UPI or Interac e-transfer on the platform. SaBi has developers with over 6 years of experience working with Huobi and Huobi Cloud.
SaBi Exchange to Recommence IOST Trading
The IOST Mainnet switch has been accomplished , SaBi Team will recommence the withdrawals of IOST on 14th March 2019.
After the IOST, Mainnet is launched, SaBi will no longer support the deposit and withdrawal of old IOST coins and you can only deposit and withdraw the new coins.
Please make sure that you use the deposit and withdrawal address of the IOST main-net for transactions.
– SaBi Team updates her customers
IOST Community Update
We have so much planned for the run-up to Mainnet launch, and Testnet v2.0 will be a vital step in that plan. Developers and projects can now prepare for DApp launches on this final Testnet version, which will then migrate onto Mainnet in February.
This was a statement made by IOST team on their Medium handle regarding the then intedned Testnet and Mainnet Launch which ha been successfully implemented.
Adding more in the Press Release, the team mentioned that last year, they released their first Developer Bounty programs, which coincides with the run-up to Mainnet to make sure they bring in as many developers as possible who are interested in working with and contributing to the IOST ecosystem.
Additionally, IOST released a series of articles which gives a complete overview of the IOST network, protocol and ecosystem. The first in this series were details about IOST’s consensus mechanism and decentralized committee election process .
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