The African continent is home to an ever-growing cryptocurrency community. After all, the cryptocurrency markets can now be accessed globally at the click of a few buttons. Many projects have come up over time in the continent, but there has been less and less interaction with the community.
However, as the years go by and blockchain technology penetrates more people, the more desire to interact and innovate. This has led to several projects with a foreseeable future in the crypto sphere.
Here are the latest crypto projects with a prosperous future from African developers.
1. SMC DAO
The decentralized autonomous organization, coined by Sir Maspy, is set to become one of the most valuable digital communities in the world with various products and services within the digital economy.
The value of the project is that they put God in the middle of everything with love for humanity. The DAO has two coins under its wings;
Wikicat Token
DefiTiger Token
2. WikiCat Coin
Wikicat (WKC) is a unique deflationary token with limited supply and high demand. Unlike other meme coins, WKC has an auto-burn mechanism. It burns 1% on each transaction which makes it scarce over time.
Additionally, WKC has been audited by FAIRYPROOF and SOLIDITY FINANCE and currently has 36,226 holders addresses and still growing. In the past month, WKC has done over 2000%. Amazing, right?
Besides, its ownership has been renounced, meaning it belongs to the community.
Wiki Cat was created with a supply of 1,000 Trillion WKC tokens.
30% (300 Trillion WKC) was immediately sent to a dead wallet, never recovered, while the remaining 70% (700 Trillion WKC) was sent to Pancakeswap for public purchase.
3. DTG
DTG is a decentralized meme asset driven by a community of DeFi enthusiasts with a unique love for felines.
The coin has a maximum supply of 1,000,000,000,000,000 tokens with an initial burn of 300,000,000,000,000. The coin is a drive to support the care and conservation efforts of Bengal Tigers, whose numbers in the wild are dropping drastically. This pushes the community towards its reserve.
The community behind the project remains intact, with a future and the possibility of even doing 1000x.
4. Afroconomy
Afroconomy is a platform that seeks to transform the landscape of Inter-border payments (hereon referred to as IBPs) around Africa.
Afroconomy has a native token – the Afroconomy Token (AFC), which has a versatile range of uses, including buying goods, promoting products and services, and paying for subscriptions.
There are 1,000,000,000 AFC tokens, although 12% of this was burned at launch. 9% is reserved for community rewards, while 7.5% is allocated to the team.
Afroconomy’s roadmap runs from Q1 to Q4 2023 and comprises intense and high-paced development to ship the complete product before the next full-fledged bull run.
Read the whitepaper here.
Final Thoughts
Cryptocurrencies, although revolutionary, should be viewed as volatile and speculative assets.
However, when approached risk-averse, some of the best African cryptocurrency projects offer a number of core benefits compared to traditional financial instruments.
Since they are relatively new projects, we can hope for a massive increase even in profits for early investors.
Comentários