KubitX, one of Africa’s pioneer exchanges secures seed funding from foreign investors as she prepares to launch its Pan-African token KBX.
The last 12 months have not been the best of market conditions, but the test of the character of a team is in how much they are able to accomplish with so little. It speaks a lot about what they can do with adequate backing financially and otherwise. Needless to over-flog this, it is not in doubt that the KuBitX team has shown its resourcefulness in getting 2 live products ready for market with limited funding.
Our native token (KBX) has generated so much interest within the community and among our project stakeholders. People in the Telegram community are probably used to (or are maybe even tired of) an endless barrage of the phrase “when trade Kbx?” Well, we expect to finally put an end to these repetitions in the coming few weeks.
For a while, the project had needed some operational funding to accelerate the progress and little wins being made from time to time. Recently we scored a home run. One that should make our efforts more visible to our stakeholders. KuBitX recently secured some operational funding from a seed investor. We expect this to impact our products go-to-market positively even as we begin to acquire users and volume for both our PROW and Exchange respectively. We expect this to impact the value we’re bringing to your precious KBX asset.
What is in store for KBX (and its holders)?
We delayed the listing of KBX because we were working on strategies to bring more utility to the token beyond the typical exchange discounts and crypto dust conversion. We decided to not list KBX under pressure but to do so when we have brought some of the value bringing plans close to completion. Today there are at least 5 ways in which we are bringing utility and adoption to KBX, some are reasons for you to guard your tokens and be patient as the ride continues. Let us briefly talk about these 5 utility bringers.
- Loyalty discounts on the PROW — users who pay their bills on the PROW using KBX now get a cashback reward. We believe this will incentivize grassroots users to buy, hold and use KBX more.
- Periodic raffles for KBX users on the PROW — top users of KBX qualify for periodic raffles where they stand to win cash, tokens, vouchers, and products from African businesses and merchants
- Fiat exit from the Exchange — Traders will be able to exit their crypto to the available fiat/local stable coin via KBX
- Staking for passive income — Users will be able to stake their KBX to earn periodic passive income
- KBX markets — Trade in KBX markets without transaction fees
- IEO airdrops for KBX holders
- Cashback rewards at merchant stores for KBX adoption in Africa — to foster adoption of KBX as a means of payment within Africa.
“When trade KBX?”
You are tired of hearing this question, but you are probably even more tired of hearing “very soon”. What can we say without giving too much away at this time? It really is closer than you can imagine, we will not just fuel speculation and consequent distraction by giving another date. For those who are looking to start trading, we will give a few days/hours heads up before we commence trading activities.
To wrap this up…
We cannot advise what to do with your tokens, we can only keep working to bring it more utility and adoption; more ways to ensure that our patient holders get rewarded for their faith in the project in the long run. We always welcome constructive criticism and contributions on how to make our dear project a success story. We wish to appreciate those who have stood up to defend the project at any opportunity, you are part of the reason we go every day in search of big wins for KuBitX.
It is your project.
Know it. Have it. Secure it. Protect it. Defend it. Support it.
Warm Regards from the KuBitX Team
Addis Ababa to host the Africa Fintech Summit
On November 21, leading innovators, investors, and policy makers from around the world will gather in Addis Ababa, Ethiopia, for the 4th edition of the Africa Fintech Summit (AFTS).
With participants who represent over $4.5bn in private equity and venture capital funding, the AFTS is the premier global initiative dedicated to financial technology in Africa. The bi-annual summit occurs each April in Washington, D.C., and each November in a different African city. The AFTS Advisory Board unanimously chose Addis Ababa as the 2019 host city in recognition of its rapidly growing economy, extensive infrastructure investments across the last two decades, and ambitious reform agenda that includes partial privatization of the national telecom monopoly and
ongoing liberalization of the financial sector.
“I am thrilled that this great event is coming to Addis Ababa,” said the Honorable Getahun
Mekuria (Dr.-Ing) Minister of Innovation and Technology, Ethiopia.
“And there is no better time than Nov 2019 for this Summit to come to Addis, to show to our policy makers the great economic impacts fintechs are bringing to other economies and to prove that our current sweeping digital reforms are absolutely correct.”
H.E. Fitsum Arega, Ethiopian Ambassador to the US, added:
“I am very much pleased to welcome Africa Fintech Summit delegates to the continent 's political capital and a nexus of global events, Addis Ababa. Ethiopia's commitment to Pan-African economic growth and integration is evident from its founding membership of OAU/AU, its offer of visa-on-arrival to all African travelers, its ratification of the African Continental Free Trade Agreement (AfCFTA) last April, and by its flag-carrier Ethiopian Airlines, which connects 61 African cities to more than 120 destinations worldwide. Ethiopia is well positioned to welcome global travelers for the Africa Fintech Summit.”
“In addition, the country’s renewed focus on digitizing the broader economy and driving greater financial inclusion through innovation, there is no better time to host the Fintech Summit in Ethiopia,” the Ambassador added.
The AFTS is organized by Dedalus Global, an investment and communications advisory focusing on emerging markets and emerging technologies, and by Ibex Frontier, an investment consultancy and route-to-Ethiopian-market advisory.
“We are extremely proud to bring AFTS to Ethiopia, the 2nd most populous nation in Africa that is at the inflicting point of digitalization, as e-commerce and financial inclusion are of prime focus both by the Government and the tech sector. We look forward to welcoming global investors and Fintech eco-system players with warm Ethiopian hospitality,” said Zekarias Amsalu, Founder & MD of Ibex Frontier.
This past April, the AFTS in Washington, D.C. hosted 200 entrepreneurs, bank executives, policy makers, and corporate influencers from over 20 countries. Past AFTS speakers include Jim Ovia, Founder and Chairman of Zenith Bank; Clinton Townsend, Director, Global Fintech at Visa; Olugbenga Agboola, Co-Founder and CEO of Flutterwave; Tayo Oviosu, Founder and CEO of Paga; Andi Dervishi, Chief Investment Officer at IFC; and Worku Gachou, Managing Director for Africa, OPIC.
The AFTS Addis Ababa will focus on the future of banking, mobile money growth and integration, policy and regulation, blockchain, digital identity, remittances, and financial inclusion. Strategic partners for the Summit include the Corporate Council on Africa, the US State Department, the US-Nigeria Council, the Congo Business Network, and PeaceTech Lab.
Figure 1 Zekarias Amsalu, Founder and Managing Director of IBEX Frontier LLC, and Leland Rice, CEO of Dedalus Global LLC, signing an MoU to jointly organize and execute the Africa Fintech Summit in Addis Ababa on November 21, 2019.
A limited number of delegate passes for the AFTS Addis Ababa are now on sale. To learn more or to register, visit http://africafintechsummit.com/.
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.
EmpowermeEOS Partners with Prospectors.io to Empower Teens and Youths in Africa
History is filled with many gold rushes and stories of how countries and individuals became wealthy because they “struck gold”. Prospectors.io game is based on these stories. It is an online real-time multiplayer economic strategy game built on EOS. In Prospectors, you basically play to mine gold or build tools or render services in order to earn gold/PGL tokens. The earnings from the game are real money and can be converted to cash.
Prospectors.io is partnering with EmpowermeEOS to empower young people in marginalized communities in Africa. The Prospectors organization will provide assistance in the form of in-game assets, which will enable students of the program to work and start businesses in the game to earn income. Earning the PGL token will also provide an ongoing source of passive income by means of a daily dividend reward paid to all PGL holders who “stake” their tokens. The team’s communication manager has provided mentoring and education to the students about the many opportunities the game provides.
EmpowermeEOS is a social enterprise that leverages on EOS Technology and Community to empower teens and youths. One of the ways EmpowermeEOS is doing this is by giving phones to youths in marginalized communities, helping them to earn EOS based tokens and mentoring them to become civic leaders and EOS ambassadors in their communities.
EmpowermeEOS is passionate about extending the boundaries of EOS to marginalized communities in Africa thereby facilitating the mass adoption of EOS. Onboarding new users to EOS is a benefit to the entire network. EOS is going to be a truly global community that supports financial inclusion and banks the unbanked.
The EmpowermeEOS program is designed in such a way that the students are mandated to give back to the EOS community by sponsoring one protegee after their time in the program with the same measure of education, mentorship or sponsorship that they have received. Doing so creates a ripple effect such that a single student-sponsored into the program can affect many lives. Each person only has to help one person by empowering them with education, mentorship or sponsoring their education. If everyone empowers just one person who then empowers another person, if we can keep up this circle, then this world would be changed significantly for the better.
In EOS there is going to be many opportunities for people to earn a living by using EOS based applications. EOS VC is investing over 500 Million Dollars into EOS based games. “Play to earn” is the new trend in the blockchain gaming industry. There is a lot of money in this industry and without a doubt, EOS based games are going to be a very potent source of income for gamers. As the EOS blockchain provides a more reliable infrastructure that gives gamers true ownership of their digital assets, a feeless platform where traders can conveniently trade their digital assets and the integrity and decentralized nature of blockchain technology, this new model of “play to earn” will quickly become not just only a trend but also a standard.
Prospectors.io will greatly benefit EmpowermeEOS as the community would be able to earn some income by playing the game. Beyond the ability to earn from the game, Prospectors.io is a perfect educational tool for EmpowermeEOS students because it would teach them how money and cryptocurrency works, the basic principles of economics and commerce and basic accounting. During the course of the game, the students would learn to strategize, effectively manage resources, coordinate themselves and trade and cooperate with other players.
Click to learn more about EmpowermeEOS
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About the Author
Toju Kaka, is the Africa Community Manager for BOS and an EOS Nation Ambassador working to facilitate the adoption of EOS in Nigeria. His newest venture EmpowermeEOS is a social enterprise that is helping marginalized young people earn EOS based tokens.
KubitX: Improved Liquidity and Local Debit Card Support
If you are following our progress you will have noticed that we are already implementing an “Instabuy” feature that will allow you to buy crypto over the counter using your local debit cards, wherever you are in Africa and the world. We will be starting off with Bitcoin. The global lottery communities will love this one. Not only the lottery folks but users of platforms like Luno, Remitano etc will also finally have a cheaper and quicker alternative for purchasing and storing their preferred crypto, especially as they can start trading with it right away on the exchange without having to pay the usual withdrawal fees!
Our payment gateway integrations will make this seamless, quicker and more convenient. Pay all kinds of bills using KBX and enjoy cash-backs!
KuBitcoin is ready for the world
The wait is over. KBX will be available for buying and trading on the exchange on 15 June 2019 from 15 hrs GMT. It has been a long time coming and we have been preparing the vehicles to help it go mainstream through real-life adoption and solid utility cases.
Once trading of KBX commences, we will make it available for direct purchase on our PROW app. People will be able to use KBX to pay for their utility bills, flights, cable and internet subscriptions and a host of many other e-commerce products and services. Users who choose to pay using KBX will get discounts in the form of cash backs on every transaction! Plus top KBX users will qualify for our periodic user raffle draws where they stand to win crypto, gift vouchers and real-life products from Business partners in Africa and beyond.
Not only that, our ambassadors will start onboarding real-life merchants who will start accepting KBX for payments too for a chance to participate in an airdrop program. The merchants, customers, and ambassadors will start to earn passive income from this initiative whenever a transaction is done using KBX via the PROW app. The utility of and therefore the demand for KBX will keep increasing as we onboard more users.
Now is the time to hold your precious tokens dear, and secure them jealously 🙂 To ensure that you can grow them while holding them, a staking platform is already in development to enable you to earn interest when you hold KBX for long periods.
In the coming weeks, we will start organizing crypto meetups in cities in Africa where we showcase our current products and how they interplay to make the life of the common man and crypto enthusiast easier, so we can expect gradual traffic increase. We will also be focusing more on liquid projects so that the exchange only has quality options for our dear customers. If you know any such quality project, please do not hesitate to reach out to email@example.com with details of the project. You may also ask them to fill this form.
THE BIRTH of An African Blockchain Focused on Consumer Loyalty: BMCToken(BMCT)
Digital financial inclusion for Africa is beyond being a consumer of technology. For Africa to have a stake in the Digital space, we should begin to think about creating models, blueprints and strategies that are conceived from Africa to solve Africa’s immediate problems.
Trying to force adjustment to adopt models, blueprints and concepts that never factored Africa in its design will lead to digital colonization. The facts are clear, as we journey through that roadmap, you’ll begin to experience: Anxiety, reasons to stop, longing for other better models because your interest was not in the picture.
Africa has always been known as a dumping ground; we have always been the receiving continent and the testing ground for models, technology etc. However, with the next Quantum revolution that is happening, Africa must rise up to her challenges and embrace indigenous Technology as a medium to fix these problems.
The Beepmagnet International group proudly brings you a gift. As part of our contribution to Africa, we have invested Time and resources to develop the 1st native consumer loyalty blockchain known as BMCT Block-chain; this is our contribution and gift to Africa. Its architecture was built to fix some of the challenges facing us in Africa. We are hopeful that this will position Africa as a creator and contributor to the blockchain space.
It started as a vision to evolve traditional loyalty points into decentralized blockchain loyalty reward. This gave birth to the 1st native consumer loyalty blockchain supported by 11 use cases. BMCT team have been working for the last 4 years to set a standard in the blockchain space.
To successfully deliver this vision, the following must be put in place:
- a goal
- the technology
- the community
- the marketplace for global exchange
- the Road map.
We are excited yet humble to say that we have been able to put these variables together, hence we are making this press release.
Beepmagnet group through BMCT blockchain sets the standard of consumer loyalty reward. We have taken the traditional consumer loyalty and reward solution into blockchain technology. we are no longer an idea based project or a white paper project. We have crossed all these phases and have metamorphosed as a standard for Africa.
We are calling on Africans to support and join in the consolidation of the Roadmap to position Africa in this disruptive technology adoption era. Below is how far we have come
- BMCT native blockchain is a hybrid, combining the following algorithm: POW /POS/master-Nodes.
- MCT real-time explorer is live. It records and captures all transaction on the blockchain and has been running our Master Nodes for 7 months now.
- We have developed a 72 seconds confirmation speed on the network
- We have developed 11 use cases with 4 to be released in 2019/2020
- We have created a model that consumes the largest consumer loyalty to sustain the demand of BMCToken.
- We have developed the first FMCG product known as SisiBox that is integrated into the blockchain to give blockchain consumer loyalty.
- We have positioned our strategy to attract women into blockchain through our consumer loyalty reward as they use our products.
- We have developed a medical consulting application to support medical tourism and blockchain loyalty reward. The application is known as MobDoctor, which aims at bringing together Africans who need medical consulting care with the option to negotiate the medium of payment through BMCToken.
- We have also developed an application that will connect global merchants who are interested in the African market with recognition of our application model as a medium to distribute equity share on the Master Node by using the application. The application also supports consumer loyalty as a medium to earn BMCToken.
The following applications support BMCT blockchain.
- Sisibox web/mobile application
- QtradeAi web application
- BMCtoken android and iOS wallet application.
- QDiscount android application.
- Mob games web application.
We believe in community support and contribution. BMCT project never DID an ICO and BMCToken or Equity share on the Master Node can only be earned when you subscribe to products and service that supports BMCT blockchain or You buy the BMCT from the exchange where it is listed. Equity on the Master Node is given as a gift or bonus for supporting the BMCT blockchain project as we have 6 more milestones to achieve on our road map.
As part of our commitment to the BMCT community, we promised to get BMCT listed in 4 exchanges between 2019/2020.
We are excited to announce the listing of BMCtoken (BMCT) on 2 exchanges
We are currently integrating in a decentralized exchange. We will update the community as soon as this is live.
It is time to be part of the movement, we are calling on 1000 BMCT Advocates to train them so they are equipped to pass on the vision and roadmap to others. To be part of the BMCT Advocates, follow the instructions below:
- Subscribe to our newsletter
- Register with Sisibox www.sisibox.com
- Download Sisibox android application @sisibox on play store
- download BMCToken Android Wallet or BMCT iOS Wallet.
- Like us on social media @Bmctoken.
To secure your Future with BMCT blockchain as a community member I strongly recommend you do the following and in the future, you will be happy with the generational wealth and freedom that your decision today will bring as an advocate of this vision for yourself and those around you.
> Secure at least 0.1 % Equity on the Master-Node by subscribing to QtradeAI Master-Node training packages.
> Secure 100 BMCT in your Android or iOS wallet to benefit from the staking rewards of the blockchain for 100 years.
With BMCT, Loyalty is value.
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