It is another opportunity to show-off those trading skills! Following the listing of NIRX on Naijacrypto.com, we are announcing the first NIRX trading competition which will offer traders the chance to win 40,000NIRX.
The competition is open to all traders on Naijacrypto with registration commencing on the 9th of May.
To compete, traders must register on naijacrypto.com and fund their account with a minimum of 100 NIRX(?).
Trading will be done over a 10-day period, at the conclusion of which, traders will be ranked with respect to their accrued profit over the time-period. The ranking prizes are outlined below:
The NairaX project represents an innovative solution to two perplexing problems in the global e-commerce space: transaction costs and volatility. Global e-commerce platforms have essentially created a “re-sale niche” which privileges extensive supply networks that deliver goods through various mediums to the final consumer.
This highly inefficient and expensive model has led to narrowing profit-margins and increased cost for both SMEs and consumers. The NairaX project offers a unique solution to this problem with an e-commerce model which leverages blockchain technology to significantly reduce arbitrage across various markets.
The volatility problem is a particularly sensitive one for SMEs which rely on stable forex markets for exchange of goods and services up and downstream the supply-chain.
The scale of the problem is graphically captured by the NGN-USD price chart. Inflationary policies, market forces and slump in oil-prices have all contributed to a relatively volatile naira which in turn has led to market-price inflations and now poses an existential threat to Nigerian SMEs.
NairaX proposes a solution to this problem with the NAIRX which is usable for e-commerce transactions (unlike traditional stable-coins) whilst maintain its fixed-ratio peg to the naira backed by NairaX’s in-house fiat reserves.
As evidenced by its performance from 2016 through 2020, the naira has endured an annual slump for the 5th consecutive year, thus underlining the necessity for businesses to adopt smart fiscal solutions to hedge against incessant depreciations. A fiat-pegged stable-coin, NIRX offers merchants and SMEs a medium of transaction protected from both fiat and crypto market volatilities.
The Naijacrypto Factor
In keeping with our long-held vision, Naijacrypto continues to support smart innovative projects across the African Fintech space and beyond.
Fostering strategic partnerships and relationships domestically and internationally remain key objectives on our agenda as we continue to promote ideals consistent with our core philosophy.
As Nigeria’s premier cryptocurrency exchange, the development of a transparent and competitive market which meets emerging challenges is both an organizational goal as well as a prerequisite for achieving sustainable development.
As we continue to strive to meet the needs of our community, we lay emphasis on unique partnerships which offer our users opportunities to exploit new solutions to lingering market problems. The NairaX project fills an important void in the global e-commerce space.
Africa Blockchain Developers Call (Series) Partners with CryptoTVPlus
As the new dawn sets on Africa with the coming together of several leading associations and organizations in the decentralized space, digital transformation becomes inevitable.
The Africa Blockchain Developer’s Call Series, in conjunction with the Africa Blockchain Institute as well as numerous blockchain associations and tech hubs across Africa, is delighted to announce her partnership with Crypto TV Plus.
Of all the industrial revolutions which the globe has experienced, the imminent fourth industrial revolution might just be the only one which Africa has the ample opportunity to participate in, decide what is to be consumed by its tech markets, and locally design the required solution(s).
However, there is a high probability that should the low existence of local content persist in the African tech space, this opportunity might be left hanging.
The ABDC Series, alongside a host of other African blockchain societies and tech hubs, seeks to train, groom, and nurture local African developers, for 3 months, in order to effectively prepare them for the booming tech labour market in the continent.
The program is set to feature insightful panel sessions, speeches from highly revered tech professionals, roundtable discussions with stakeholders, and pitches from African developers. With this initiative, accelerated digital transformation is hoped to be achieved.
The partners on this project also include the United Africa Blockchain Association, the Government Blockchain Association-Africa, Cameroon Blockchain Association, Pesabase in Kenya, Jelurida Swiss SA, Cabotec Solutions, and numerous world-class resource persons.
Following the launch of the first series of the ABDC, applications shall be declared open on the 15th of August, for junior, frontend, UI/UX, and backend developers to submit entries for a chance to be selected for the remote 3-month Pan-African bootcamp.
The program presents an invaluable opportunity for African developers to build solid connections, engage with relevant stakeholders in the African tech space, and acquire the requisite skills for dominating the tech market. It is a program that promises to be insightful. For more information on partnership and sponsorship opportunities, contact us at email@example.com and visit www.abdcseries for more general updates.
“The vision is simply to create an enabling environment to onboard blockchain developers, equip them with the necessary support and encouragement and provide them with various opportunities of either self-sustenance or employment in the space after the 3 month program.”
CryptoTVPlus is the most trusted source on Crypto and Blockchain Technology Media. The No. 1 Crypto Media firm in Africa providing up-to date news, interviews, research reports, Marley analysis, innovative programs etc amongst which is it’s Campus BCAT program designed to bring crypto awareness to millions of African students.
HouseAfrica.io Partners NMRC For Property Title Authentication and Verification System Powered by Blockchain
Abuja – July 22, 2020HouseAfrica.io – a blockchain startup focusing on real estate, today signed a partnership agreement with Nigeria Mortgage Refinance Company (NMRC), to deploy a digital land/property title authentication and verification system called Propvat.com.
The system will make it possible for individuals and organizations – including Financial Institutions – to authenticate, validate or confirm the value of any Property or Land across Nigeria and ultimately improve the amount of mortgage financing transactions in Nigeria.
NMRC made the announcement on Twitter ahead of the Virtual Abuja International Housing Show..
Speaking on the partnership, Taofeeq Olatinwo who is head of ICT and Business Process Operations at NMRC said, “ NMRC is delighted to partner with HouseAfrica in solving the land titling issues to strengthen the housing market in Nigeria.”
Also speaking on the Partnership, Nnamdi Uba, Co-founder and CEO of HouseAfrica.io, explained that the partnership will unlock a lot of opportunities for Nigerians.
“The partnership will help to unlock trapped assets and capital in residential real estate valued at over 300-900billion USD. and then wealth creation through increased access to credit and growth in mortgage penetration by as much as 3% – 5% of GDP over a 5-10-year period (subject to increased adoption and user rates).”
On his part, Ndifreke ikpoku, Co-Founder and COO at HouseAfrica said “The partnership is another milestone for us, the Nigerian real estate space and blockchain family.“
The company is currently onboarding Lawyers and Estate Valuers on the portal at Propvat.com.
The Nigeria Mortgage Refinance Company (NMRC) was licensed on February 18, 2015 to promote delivery of affordable housing to Nigerians through mortgage refinancing.
HouseAfrica.io is a real estate focused start-up headquartered in Nigeria, leveraging emerging technologies like Blockchain to make property transactions secure, transparent and affordable.
In 2019, the startup won the “Best African Blockchain Startup at the 2019” at the AfricArena Conference – Fantom Blockchain Challenge and was also amongst the elven startups selected for the AfriTech accelerator 2019 cohort.
Name: Uba Nnamdi.
CHIJI14XCHANGE: Nigerian Based Exchange Firm Unveils its Brand Ambassadors Cute Abiola and Williams Uchemba
Chiji14xchange as the brand name might hint is a prominent exchange firm that runs an online platform created for the exchange of Bitcoin and Gift Cards. Chiji14xchange is based in Nigeria and provides services across Africa. It is a major player in the cryptocurrency trading landscape by connecting users in possession of digital currencies or gift cards to trade with live agents on the platform who will process their transactions.
On Friday 17 July 2020, Chiji14xchange officially signed Uchemba Williams and Cute Abiola as its brand Ambassadors to represent the brand through advertising, marketing, and promotional campaigns that will support the creation of more awareness of the brand.
“It is with much pleasure we formally announce the appointment of Uchemba Williams and Cute Abiola as the new Chiji14xchange Brand Ambassador,” said the Founder and CEO of Chiji14xchange, Odum Chijioke John.
“As cryptocurrencies develop over the next ten years, they can become part of everyone’s lives, solving many of the issues currently associated with existing authorized currencies as the adoption of Bitcoin and other cryptocurrencies will lead to financial inclusion, economic growth, and financial freedom. This partnership is set to help so many people embrace this development especially in Nigeria,” he added.
Uchemba Williams, is a famous Nollywood actor, movie producer, model, comedian, philanthropist, entrepreneur, motivational speaker, and television personality with a distinctive panache.
Cute Abiola on the other hand, also known as Lawyer Kunle is an Entertainer, a popular Instagram comedian known for his unique and outstanding performance.
They are both delighted to join the Chiji14xchange team and believe they can impact the brand by embracing and portraying the concept and the technologically advanced features of the Chiji14xchange platform and how it can help individuals trade easier and faster at their comfort zones.
“Apart from being the No. 1 exchange firm in Nigeria, we at Chiji14Xchange understands that our audience are young trendsetters and so is Williams Uchemba and Cute Abiola fans, bringing Williams and Cute Abiola in as part of the team is a welcome development from all of us at Chiji14Xchange.” said the Chiji14xchange Sales / Marketing Manager, David Obisesan.
“As cryptocurrencies develop over the next ten years, they can become part of everyone’s lives, solving many of the issues currently associated with existing authorized currencies as the adoption of Bitcoin and other cryptocurrencies will lead to financial inclusion, economic growth, and financial freedom. This partnership is set to help so many people embrace this development especially in Nigeria”
Chiji14xchange has proven to be a driving force in the development of the Cryptocurrency trading system as the platform is has been adopting the use of some financial integrations and technologies as well as effective PR strategies and are going further in creating more advanced and beneficial cryptocurrency trading systems including affiliate systems.
Roqqu Achieves 10k Users Milestone
We at Roqqu, (a Nigerian-based cryptocurrency wallet providing its users with the fastest route between fiat and crypto) are pleased to announce that we have just reached a new milestone of Ten Thousand Users in our quest to bring a massive adoption of cryptocurrency in Nigeria and Africa at large.
About a month ago when we sent out our last Press Release we made our mission clear among other facts. In the article we also pointed out that we are currently experiencing an exponential growth in the last quarter since our launch.
It is a clear fact that cryptocurrencies and blockchain technology are still in their infancy in countries like Nigeria and other 3rd world countries. This being the fact; we, announcing a milestone of Ten Thousand Users (10,000) in the first eleven months of our launch is indeed a remarkable feat of which over 50% of such growth took place in the last two months. We must also stress that this feat was reached with zero marketing budget.
In spite of the spike in the request for our services by thousands of users, we will not fail to stress that we, as a team are still committed to our vision of bringing cryptocurrency adoption to the masses in Nigeria at the speed of light and best rates obtainable.
Above all these, we are committed to bringing our users more satisfaction by introducing new features as requested by customers through our consensus system. As of the date of this publication, we have successfully listed about twice the number of tokens we had when we launched last July.
We acknowledge the fact that it is because of our steady commitment to services and transparency in delivering the core values of blockchain technology that our customers choose us over our counterparts in the industry and we plan on keeping up with the quality of our services even with our growth now and in the future.
Roqqu is pleased to announce this growth and we urge all of our customers to stay with us as we promise to bring more ground-breaking news to their doorsteps in the coming months. It has been a great and exciting journey so far and we are more than confident to assert that we are ready to scale.
Roqqu is the easiest way to buy, sell and accept cryptocurrencies.
Our vision is to help Africans benefit from the innovation that Blockchain technology provides.
Our mission is to provide the easiest onboarding process into Blockchain for all Africans.
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