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Invest in Africa’s Billion Dollar Next Generation Wireless 4G Internet Technology

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Cajutel launches ICO

Swiss-owned telecom startup Cajutel has launched its initial coin offering (ICO) as it seeks to provide countrywide access to Internet services in Guinea-Bissau and neighbouring West African countries.

The project is being led by CEO Andreas Fink, who has worked in the telecom industry for over two decades in countries such as Iceland, Switzerland, Guinea-Bissau, and Guinea. His vision for Cajutel is to digitally transform West Africa by connecting people to high-speed, reliable and affordable Internet.

Empowering West Africa Through High-Quality Internet

Presently, there are few mobile network operators in Guinea-Bissau that offer low-quality Internet and usually at a high cost. Some parts of the country even lack the basic amenities of living and technology. This is a result of years of under-investment in infrastructure and technology, and poor strategic planning. This has made it difficult for people to connect with others. Hence, there is a pressing need for telcos to bridge the gap between local communities and the outside world.

Cajutel looks to solve this by building the infrastructure that will support more than 1.7 million customers in remote areas with the solar-powered high-speed Internet. According to the project’s whitepaper, the company requires an investment of $30 million to establish itself in Guinea-Bissau and Guinea. An alternative would be a minimum of $12 million to slowly build its presence in Guinea-Bissau.

For more information on Cajutel and its mission, watch the recent interview with CEO Andreas Fink.

How to Participate in the Cajutel ICO

An initial coin offering (ICO) is a new method of fundraising that involves the sale of digital tokens in exchange for other cryptocurrencies such as bitcoin (BTC) or ether (ETH). This allows innovative new startup projects to raise funds from the cryptocurrency community while contributors have the possibility to receive a high return on investment if the project succeeds and the newly issued digital token increases in value.

Investors can participate in the Cajutel ICO by purchasing Cajutel tokens (CAJ). Cajutel tokens (CAJ) are ERC20 tokens that run on the Ethereum blockchain. You can buy CAJ tokens by sending ETH directly to the smart contract wallet address listed on the Cajutel ICO website. Make sure when you send your ether (ETH) that you use an ER20-compatible Ethereum wallet such as the MyEtherWalletThe token sale will be running until November 18, 2017.

For more details on how to contribute to the Cajutel token sale, read the instructions here.

Token Sale Details

The token sale, which commenced on August 18, 2017, will be held in five stages. The first two stages will offer 10,000 tokens each for sale with the prices set at 0.05 ETH and 0.075 ETH respectively. The next three phases will offer 100,000, 200,000 and 400,000 tokens for sale at 0.10 ETH, 0.15 ETH and lastly 0.20 ETH.

As part of the ICO process, the company had authorised the sale of 720,000 tokens to ICO participants, out of the 780,000 newly created tokens. The rest of the 60,000 will be used on bounties and to cover advertising expenses.

The maximum limit on CAJ tokens has been set on 1,780,000 tokens with 1,000,000 being retained by the company. Each CAJ token will represent one share in the company and will also act as share certificates conferring the same rights as any stock to the owner including dividends. This means the value of a CAJ token is tied to Cajutel’s underlying assets and earnings.

Cajutel

Cajuel plans to use the ICO funds to set up the initial network and cover operating losses for the first year until the point it can generate enough revenue to offset its expenses. Also, installed network capacity in the region is low and cannot match the high number of customers. Therefore, the central exchange can’t bear the burden of numerous phone devices resulting in poor transmission and network inefficiency. This means Cajutel will be quick to respond to changes in the market due to a lean operating model giving it a competitive edge over large telcos who are encumbered by slow processes.

Cajutel has the potential to transform Africa’s telecom landscape, especially through strategic partnerships with other telcos, computer vendors, kiosks just to name a few. Investors have a chance to part of a truly revolutionary idea.

If you want to partake in Cajutel’s ICO and become a token holder, you can contribute to the Cajutel ICO here.

“This is a sponsored post. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. Bitcoin Africa Ltd. is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in the sponsored post.”

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Digital Asset Evolution – the Long Hard Road to Stablecoins

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Digital Asset Evolution

You may often hear about cryptocurrency rates rise and fall, changing rates sharply within a single day. Lack of reliability and trust are the main reasons why digital assets have not yet come to worldwide adoption. Stablecoins has been developed to change this situation.

Obviously, cryptocurrencies had been invented and designed to ensure fairness, transparency, and decentralisation, to protect users from unfair regulation and interference by financial institutions, which makes financial transactions costly and burdensome.

That’s why the idea and forthcoming decision of creating special digital assets, that would be free of the burden of price fluctuations, being tied to more reliable assets have long been in the air.

The Key to Stability?

Stablecoin volatility is much lower than other cryptocurrencies since their price is directly dependent on the rate of the real asset. This creates new opportunities in the development of the cryptocurrency industry and digital assets.

Moreover, stablecoin has a real chance to be used as a global currency that can’t be influenced by the government or the banking system’ actions.

An ideal stablecoin must withstand significant market volatility, should not be extremely costly to support, have decent scalability, support privacy, and decentralisation, and be transparent for trading and arbitrage transactions. Such features can ensure maximum acceptance of stablecoin in the real world.

How Do Stablecoins Work?

1xBitThe stablecoins role in the market is just almost the same as in fiat currencies case. They can serve as a means of exchange, calculation or storage of capital. Their value is tied to traditional assets in a 1:1 ratio.

ST’s are divided into 3 main groups according to the method of rate stabilising. It can be:

  • Fiat-collateralised (pegged to fiat currency);
  • Crypto-collateralised (pegged to crypto);
  • Non-collateralised (the stablecoin rely on an algorithm generated mechanically which can change the supply volume if needs be so as to maintain the stablecoin’s price which is pegged to an asset).

However, what cons and pros define the stablecoin and it’s worldwide hot topics?

Stablecoin Benefits

  • Always stable

The main and known advantage of stablecoins is what it looks like from the asset group name – stability. The rate fluctuations of such coins are not significant.

For example, Tether or USDT rate during last years ranged only between $0.92 and $1.05. Occasional drops were associated with strong crypto market fluctuations.

  • Rate dependence

When using the stablecoins, a user can be sure that the goods purchased or sold to them for cryptocurrency will not radically change in price due to the rate volatility, which may well occur during operations with conventional cryptocurrency.

  • Low volatility

Stablecoin is several orders of magnitude lower than that of other cryptocurrencies since their price directly depends on the rate of the real asset. This turns their tokens into a means of payment that can be used to make payments in everyday life. Besides, their reliability is an additional incentive to spend them, and not keep them in the piggy bank.

Stablecoin Disadvantages

  • Dependence on digital assets

In some cases, stablecoin can be tied to other crypto assets. This may create severe issues due to the fact that all other digital assets can be volatile, thus – not reliable for different purposes.

  • Third party presence

Truth is, the very essence of stablecoin does not correspond to the philosophy of cryptocurrency, which lies in full anonymity and decentralisation since it depends on the traditional financial institutions of countries whose currencies are secured.

There are some more minor cons present, but the numerous advantages greatly outweigh it.

Stablecoin Projects Nowadays

BitcoinDuring the years passed since the first stablecoin was accepted by the cryptocurrency market, many similar assets appeared. At the moment, there had been many projects, aimed to create perfect stablecoin. The most popular nowadays are Tether (USDT), which holds 9th place in market cap with $3 billion, USD Coin (USDC), TrueUSD (TUSD), Paxos Standard Token (PAX), Gemini Dollar (GUSD), DAI MakerDao (DAI), STASIS EURS (EURS), Digix Gold (DGX) and others.

Stablecoin acceptance is growing steadily and in different fields – money transfers, means of payments for goods & services – that also goes for platforms, which provide sport betting services. One of such platforms, known for its reliability and convenience – is 1xBit.

The popular service provides many features: professional and quick client feedback, double checking of winnings and bets using 20 crypto assets. Now platform also supports most popular stablecoins –  Tether, USD Coin, True USD, and PAXOS Standard Token, which have been carefully chosen by 1xBit to be utilised on the gambling platform for users convenience and overall reliability.

Betting with stablecoins, one can play and be sure that his prize will not go down in rate over time.

Disclaimer: This is a paid sponsored post. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.

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A Secure Cryptocurrency Wallet for Your Smartphone

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Totalcoin wallet

TotalcoinTotalcoin is a secure cryptocurrency wallet, that combines features of a Bitcoin exchange and a Bitcoin wallet, which makes it an extremely useful app for digital currency users. This app allows people from Africa to safely store and transfer their cryptocurrency, buy and sell Bitcoin for cash using multiple payment methods as well.

Key Features of the App:

  • Wallet — Deposit and withdraw various cryptocurrencies. Totalcoin charges no fees for cryptocurrency transactions. All you have to pay is a blockchain fee, that is calculated automatically and depends on the current congestion of the Bitcoin blockchain.
  • Trade — Buy BTC with cash and gift cards or sell Bitcoin. Totalcoin charges a 1% fee for any transaction.
  • Exchange — Exchange Bitcoin for various popular cryptocurrencies and vice versa. Totalcoin charges a 1% fee for any transaction.
  • Cryptocurrency charts, technical analysis tools;
  • Instant transactions between Totalcoin wallets;
  • Detailed transaction history;
  • USDC and USDT stablecoins, that can protect you from Bitcoin price drops;
  • Support for Nigerian naira and other African currencies.
  • Integrated customer support service.

Which cryptocurrencies does Totalcoin support?

As of May 2019, Totalcoin supports the following cryptocurrencies:

  • Bitcoin
  • Ethereum
  • Ripple
  • Bitcoin Cash ABC
  • Litecoin
  • Tether
  • USD Coin
  • And many other popular cryptocurrencies.

The list is regularly updated with new cryptocurrencies in line with demand from users. Developers plan to add support for ERC-20 tokens, which would make Totalcoin a way much popular and useful app.

Buy and sell Bitcoin on Totalcoin:

You can buy and sell Bitcoin using various popular partner payment methods:

  • Zenith Bank, First Bank of Nigeria, Access Bank and other popular African banks;
  • iTunes, Google, and Amazon gift cards;
  • Western Union.
  • Moneygram;
  • Other methods;

How to buy BTC on Totalcoin:

  1. Go to the «Trade» section and find available offers.
  2. Choose an ad. By tapping an ad you can find all necessary information, such as user rating and terms of the deal.
  3. Send money using payment details provided to you by the seller. If the deal is through gift cards, you must send the claim code of your card or a picture of it.
  4. Confirm your payment by tapping the button. If your payment is valid, you will receive Bitcoin to your Totalcoin wallet.

totalcoinEvery deal has a chat, where parties can discuss any problems and questions. You can open a dispute if you did not receive Bitcoin or money. Totalcoin moderators solve disputes in a fair manner.

To summarise, Totalcoin is a valuable mobile app for cryptocurrency users. This app is useful for newish digital currency users and for experienced traders. Totalcoin is a versatile app, that combines features of a cryptocurrency trading platform, Bitcoin exchange, and a multi-currency wallet.

You can download the app on Google Play and App Store or visit the official Totalcoin website.

Disclaimer: This is a paid sponsored post. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.

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6 Reasons Why You Need to Use Bitcoin for Online Casinos

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Use Bitcoin for Online Casinos

Online casinos have become an increasingly popular platform for gambling fans in recent years, and more people than ever before are enjoying the casino environment from the comfort of their own home. From more traditional card games, such as blackjack, to online video slot games, such as Mega Moolah, online gambling platforms have something for everyone to enjoy.

Recently the development of the cryptocurrency bitcoin has been prevalent across internet payments and transactions, and online casinos are no exception. While some online casinos have received criticism for using bitcoin for payments, the online gambling business is a legitimate and legal business that is enjoyed by many. Here are six reasons why you need to use bitcoin for your online casino payments.

Increased Privacy

Use Bitcoin for Online CasinosPrivacy is very important to online casino users, and they may choose to keep their hobbies private and not want to share their personal details with an online platform. While reputable online casinos are safe and secure platforms, many online users still wish to stay anonymous. This is what makes using bitcoin a great choice for an online casino.

Bitcoin offers a pseudonym feature which means you can use an online casino without using your real name or address that is connected to your bank account details that you would be required to enter when you make a deposit or withdrawal.

While there is nothing wrong with using reputable online gambling sites as a form of entertainment, often being a fan of gambling can cause you to be judged by other people, as in some cases people automatically assume that you have an addiction. Therefore, bitcoin offers you the chance to enjoy your hobby judgement free!

More Secure

One of the main reasons why bitcoin has become so popular is because it is one of the most secure digital currencies currently available on the internet. This is if you use and store it correctly, of course. You may be tempted to store your bitcoin in an online wallet on your smartphone or device, but this can cause bitcoin to become less secure.

Due to the increased privacy that using bitcoin has to offer you, you can use online casinos in a more secure way. If the online casino you are using is hacked or has a data breach, then your PayPal and bank account details are at risk. However, by using bitcoin as a payment method, you can rest assured that your details are protected by strong passwords and private keys.

Instant Payouts

The whole aim of using online gambling platforms is to win money! Therefore, if you are lucky enough to win, then you want to be able to withdraw your winnings as soon as possible. While most reputable online casinos allow for transfers within a few working days, you can speed up this process by using bitcoin payments.

Transactions using bitcoin can be confirmed within minutes, and at the most just a few hours, so it is no surprise that more people are using bitcoin for online casino transactions.

Cost-Effective

There have also been claims to suggest that bitcoin is a cheaper and more cost-effective option when making online payments. Often when using online bank transfers or credit cards you can be charged additional transaction fees that are much more expensive than the bitcoin charges.

Often you can lose a percentage of your winnings by the time you have paid the transaction fees, so it is no surprise that bitcoin has become a popular alternative.

Optimised for Online Gambling

Bitcoin PredictionsBitcoin was founded and created by the internet and to be used on the internet, so using a digital currency makes a lot of sense. Bank cards and transfers are a relatively new technology that has only been developed because of the development of the internet. Therefore, sometimes these transaction options are slow and costly, but bitcoin offers a more effective alternative.

Bitcoin is optimised for online transactions as it allows for increased privacy, quicker payouts, and added security.

Bitcoin Bonuses 

Using bitcoins can be beneficial to both the user and the online platform as it can save time and money for everyone. Therefore, online casinos often offer additional bonuses and promotions for those who use bitcoin payments. These bonuses often include additional turns, more betting credits, and high bonuses. Most of the UK’s online casinos offer incentives to use bitcoin for your online transactions with them. By enjoying these bonuses, you can enjoy more for less.

With the development of the online casino platforms available to gambling fans, there are also innovative technologies such as the use of bitcoin to make your online experience a lot more convenient.

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