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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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5 Reasons to Trade Crypto CFDs as a Digital Asset Trader

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Crypto CFDs

CFDs (Contracts for Difference) are an investment vehicle that allows you to trade assets such as stocks, bonds, commodities or digital currencies without having to own the underlying assets. In this article, we explore five reasons why cryptocurrency traders should consider trading crypto CFDs instead of the underlying digital assets. 

Easy to Get Started

It is easier to get started with trading crypto CFDs instead of buying and selling actual cryptocurrencies. CFD trading simply involves signing up for a CFD trading platform, like Oinvest, and you can get started. There is no need to set up a cryptocurrency wallet or learn the technical ins and outs of securely storing cryptographic assets. The CFD trading platform handles all the technical aspects of buying, selling and storing digital assets.

Also, CFD trading gives you access to an extensive variety of markets that are not usually available to retail investors, all from one trading dashboard. CFDs let you speculate on the price movement of individual shares, indices, currencies, bonds, commodities, and digital currencies. 

Does Not Require Technical Crypto Know-How

Individuals who do not trade cryptocurrencies can easily enter CFD trading without fear of facing challenges due to technicalities. At the very least, trading cryptocurrencies involves understanding how the blockchain works and how to securely buy and store digital assets. 

These technical challenges can be alleviated by trading CFDs on cryptocurrencies instead. Trading profits are paid out in fiat currency. So, you do not need to concern yourself with storing cryptocurrencies in digital wallets. The threat of having your crypto stolen by a hacker is also alleviated. 

Crypto CFDs allow investors who are new to crypto to start trading in a beginner-friendly environment.

Crypto CFDs Enable You to Go Long And Short

Cryptocurrency CFDs

Image by Oinvest

CFDs enable traders to go long or short. You can make profits by speculating on price movements in either direction. You can potentially profit as the market rises or as the market decreases. This feature is not always available on cryptocurrency exchanges.

Many bitcoin exchanges do not enable users to short digital currencies and tokens. That is a shame because traders can use short positions to hedge their portfolios.

Moreover, shorting enables traders to bet on the price of bitcoin dropping. Given how volatile bitcoin is, this is something that (most) traders want to be able to do. 

You Can Trade With Margin

CFDs are leveraged products. In other words, you pay a small percentage of the total trade value to open your position. This is known as margin.

When trading there are two types of margins: initial margin and maintenance margin. The initial margin is required to open a position during a trade. The maintenance margin allows you to keep a position open after you have incurred costs that your deposit margin and account balance cannot cover. Without a maintenance margin, you will receive a margin call from your broker asking you to top up your account to cover the loss to keep your position open.

Margin trading is riskier than traditional trading. However, the availability of trading with leverage gives CFDs traders the possibility to potentially generate higher trading profits.

CFD Brokages Are Regulated

CFD brokers are regulated, making them safer to use than unregulated crypto exchanges. Regulated brokers are under strict regulatory guidelines that protect you, the trader. 

In light of the high number of crypto exchanges that have been hacked in the last decade, there is a strong argument for trading on regulated brokerages instead. Regulated entities are required to adhere to the highest standard of security, which means that your funds are safe. The same cannot be said for bitcoin exchanges.

Crypto CFDs provide an excellent alternative to buying and selling actual digital assets. CFDs enable you to receive all the financial benefits of trading crypto without the technical and operational risks involved in dealing with cryptoassets. This makes CFD trading an excellent choice for new crypto investors who have very little or no trading experience.

To start trading crypto CFDs today, sign up to Oinvest!

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Introducing the Reserve Stablecoin – A Stable Decentralised Currency for Africa

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Reserve

You have heard about Bitcoin, Ethereum, and thousands of other cryptocurrencies. A lot of us talk about how the price of cryptocurrencies are not stable and how it fluctuates every day, if not every minute. 2018 was the year for stablecoins and it seems like that is continuing.

A lot of investors and speculators were looking for a way to “park” their crypto holdings without converting to dollar/s in order to avoid taxes on capital gains. It worked for some investors until crypto to crypto conversions are taxed in countries like the U.S. However, stablecoins like Tether and MakerDao have been used beyond “saving us from crypto taxes,” but also to store wealth (value), without having to worry about the fluctuation in price.

What Are Stablecoins?

Stablecoins are a type of cryptocurrency that has their value pegged to another asset like fiat currencies, such as the United States dollar, other cryptocurrencies, precious metals or commodities. Fiat seems to be the most popular option in the marketplace right now, meaning one unit of a stablecoin equals $1.

Before we talk about Reserve Protocol, a stablecoin we believe is truly decentralised, we should mention what is happening in countries like South Sudan, Zimbabwe, Argentina, Turkey, and Brazil.

What is Happening in Those Countries?

A lot of people from the middle and poor class (even the upper-middle class, in a lot of cases) are losing the wealth they stored for decades in a matter of months to a few years due to poor economic performance and hyperinflation.

Their economy is failing day by day, but it is the individuals who are paying the price. How? Imagine if you can buy milk just for $3 (in your local currency) but next month the cost of milk rises to $4. That is a ~34% increase in just a month.

What if such a price effect is happening in every industry and every commodity in your country?

The meat you eat, the tomatoes you use for your salad, and even the sugar you use for your cup of tea are all rise up in price. ReserveYou basically lose the wealth you have saved in your currency. Your currency power to buy everyday goods becomes weaker.

It is even scarier to think that these people don’t usually have the power to protect themselves from currency depreciation, as they just don’t have the opportunity to buy foreign stable currency.

YES, that is what is happening in a lot of countries in Africa, Latin America, and even Europe. What if there is a currency that can save you from losing your wealth? That is where Reserve Protocol comes in.

Introducing Reserve Protocol, the stable currency that is pegged to the dollar and soon to other assets, possibly including treasury bills, bonds, etc. At Reserve, we are excited to work with a team of entrepreneurs who are working to protect YOUR money.

We are also backed by the most successful Silicon Valley investors and companies including but not limited to PayPal founder Peter Thiel, YCombinator president Sam Altman, and Coinbase Ventures.

“With millions of financially displaced people watching helplessly as their wealth evaporates by the day, stablecoins can empower inflation-ravaged populations with the monetary constancy of the developed world. In distressed economies, stablecoins enable citizens to seamlessly migrate their wealth and savings into asset-backed digital currency accessible on their mobile phones.

Circumventing transaction monitoring by local banks, a widely adopted stablecoin ecosystem disables the financial surveillance capabilities of corrupt regimes. With a skillfully deployed stablecoin, people and businesses can transact peer-to-peer, using electronic money with more intrinsic and predictable value than their distressed local currencies.” Robb Henshaw, Reserve Advisor.

How Does Reserve Work in Simple Terms?

Reserve Protocol uses an app that connects to the blockchain which, through a smart contract, keeps the price of RSV (our stablecoin) token pegged to a dollar. An end user that is willing to exchange his money for a stablecoin just logs into the app and via pressing a few buttons gets RSV tokens for his national currency.

As RSV price is always stable, an individual is protected from all of the price movements and other inflation-related problems. When users want to spend their money to buy something, he or she can easily exchange RSV back to the national currency.

We are very excited that we will soon launch our mobile app to help you purchase Reserve dollars on the African continent. We have launched a bounty program to reward early adopters like you with Reserve tokens that are worth $500 in total.

Please join our bounty program by visiting our Telegram channelWhatsApp groupFacebook page, and Twitter. It should only take 30 seconds of your time. Please share our article on Facebook, Twitter, and other social media to increase your chances of winning the prize.

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 Safer and More Secure Alternative to Paxful to Buy Bitcoin In Nigeria CoinCola

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CoinCola

Bitcoin trading has become a phenomenon in the financial landscape since the creation of the cryptocurrency in 2008. Due to the potentials of Bitcoin as a currency and an investment, the cryptocurrency has gained popularity in Nigeria.

However, due to the problems that the country has faced in the past regarding cybercrime, it is difficult to get Bitcoin directly from local currency on most central crypto exchanges. This has given rise to decentralised exchanges where buyers and sellers meet to transact in Bitcoins and other digital assets.

Paxful is the most popular platform for Nigerians

The most popularly used platform for purchasing cryptocurrency is Paxful. The platform which was launched in 2015 provides an environment for buyers and sellers to interact and make transactions.

Paxful

Paxful has Become a Haven for Scams

Although Paxful provides a simple and easy platform for trading, it has gained a tainted reputation in the past few years. 

One major problem that Paxful has suffered in recent years is the accusations of scam by users on the platform. Paxful does not do much on its security as the platform has become overrun with scammers.

Paxful forum is filled with several comments from users about how funds have been missing from users wallets with no reason offered by Paxful. There have been accusations of buyers using chargeback scams whereby transactions would be made via PayPal.

When the Bitcoin or Gift card purchase is made, the buyer will open a dispute on PayPal reversing the transaction, thereby robbing the seller of his money and also stealing the digital asset on offer. These problems keep up mounting, but Nigerians have continued to transact on the platform due to lack of a viable alternative.

However, this is set to end with the arrival of Hong Kong-based Bitcoin trading platform CoinCola. The reputable exchange platform has rolled out its services to Nigerians as it looks to take a major share of the market.

CoinCola

How Does CoinCola Compare with Paxful?

CoinCola implements similar features with Paxful as it is an OTC (Over the Counter) exchange that allows buyers to sellers. Sellers can also exchange digital assets such as gift cards for Bitcoins and vice versa. Users can also buy Bitcoins from other sellers on the platform.

This looks similar to Paxful, but where CoinCola stands out is in terms of security. The HongKong bases platform takes the security of users seriously and is considered as one of the safest OTC exchange platforms.

There are little to no cases of scams on the platform with several positive reviews about CoinCola regarding its services.

CoinCola Uses Real Name System to Prevent Scams

CoinCola utilises a unique Real Name System for traders to avoid scams; with this system, the trader would have to fill his/her entire information to be able to receive payments.

This way, it becomes difficult for a seller to scam a buyer because if a dispute is filed, the seller would be unable to access funds.

CoinCola

Coincola Has An Excellent Customer Support System

CoinCola has a responsive customer support system which provides quick solutions in the cases of disputes. Some randy sellers have also been removed from the platform due to the proactive intervention from customer support.

CoinCola Escrow Prevents Chargeback Scams

Also, CoinCola escrow system is designed in a way that buyers are unable to use chargeback scams on sellers. This is because the funds deposited via escrow cannot be returned to the buyer unless there is a case of a dispute.

Conclusion

CoinCola a perfect alternative to Paxful for Nigerians. With this platform, you can buy bitcoin safely in Nigeria without worrying about scams. 

BONUS: Buy Bitcoin in Nigeria and Get 0.0001 Bitcoin Bonus Instantly!

CoinCola Bonus

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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