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Kowala Launches Andromeda, the Alpha Mainnet of Its USD-Pegged Stablecoin

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Nashville, TN – September 4, 2018 – Kowala, a stablecoin protocol designed to track the value of fiat currencies by robotically minting and burning its coin supply in accordance to user demand, announced the launch of Andromeda, the alpha version of their blockchain mainnet. Following stress testing and debugging of Andromeda, Kowala anticipates the release of its beta mainnet version, Boötes, in Q3 of 2018. With the Boötes mainnet launch, kUSD stablecoin mining will be initiated as will trading of kUSD on cryptocurrency exchanges.

Kowala CEO Eiland Glover said: “Andromeda signals the start of a new era of stablecoins, one in which users won’t have to put their faith in cash and gold reserves, the continuous growth of crypto markets, or, most importantly, the whims of a government, in order to maintain a price-peg. Our decentralised stablecoin solution makes the Kowala protocol the most trustless anti-volatility project on the market and offers unparalleled monetary liberty, especially to those living in inflationary economies.”

KowalaThe Kowala Protocol is a two-token system, and with the launch of Andromeda, the non asset-backed stablecoin project initiates the distribution of the protocol’s first mining tokens, mUSD. While the primary token of the project is a kUSD, the stable-payment token designed to algorithmically track the value of the U.S. dollar, mUSD enables miners to stake nodes in the system and earn block rewards in the form of the stablecoin, kUSD. Proof of ownership of a minimum number of these mCoins (currently 30,000) is a requirement for mining the associated kUSD stablecoin. With this launch, early investors are set to receive their mUSD mining tokens.

The Andromeda launch is the culmination of months of hard work by Kowala’s core team of software developers, and includes a sophisticated smart-contract-based system orchestration, a name proxying system, and lighting-fast block generation and settlement, as well as other system infrastructure that lays the groundwork for the full stability mechanisms and the oracle system to be featured in the upcoming Boötes launch.

“With the distribution of our mCoins, we come even closer to fulfilling the promise of the original Bitcoin whitepaper and creating the infrastructure that this industry needs to go mainstream. Andromeda brings an unprecedented level of decentralisation to the stablecoin class, allowing users of the kUSD to forgo the centralisation problems that have plagued the space for years. Such a system will allow node operators around the globe to have ownership of a money supply mechanism that keeps the stablecoin within its target range around one dollar, without that money supply being locked in a vault controlled by a small handful of c-suite executives,” Glover concluded.

For more information, visit https://www.kowala.tech/.

*Readers should do their own due diligence before taking any actions related to the company, product or service. 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 press release.*

Press Releases

CURES Token – Addressing the Inefficiencies of Healthcare Landscape

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According to research, the healthcare industry is speculated to reach $9 trillion by the year 2020. With this progression, there has been a significant rise in the costs of healthcare services as well. Factors such as an increase in aging population, advances in medicines, rising costs, contribute to this looming crisis that healthcare domain presently deal. It has become imperative to take adequate measures to address the cost issues, or else in the coming year’s healthcare would be deemed as unaffordable in many countries, especially nations

CURES Token is an extensive healthcare ecosystem that has leveraged blockchain technology to address the aforementioned impediment and make quality care accessible to all. The fundamental objective of CURES is to streamline the global healthcare system and empower patients, healthcare providers, and medical equipment suppliers. To accomplish the same, it has extended six essential platforms that work towards streamlining healthcare services and make them effective and accessible to users.

Security Token Offering

’Electronic Health Records’ is one of the important platforms within the CURES ecosystem. The team is working to offer a profitable opportunity to its supporter where they will be able to maximise their returns. Additionally, the EHR platform will be supported by STO. Investors who will take part in the upcoming Security Token Offering can claim shares of the CURES Token and its profits. The profits will be rewarded to token holders participating in STO from dividends along with capital gains generated from the overall company’s growth.

Fundamental Platforms of CURES Token

The operations of CURES Token centres around six pillars that include:-

  • Electronic Health Records (EHR)

EHR enables patients to gain full control over their respective medical data, thereby ensuring easy access to medical consultations worldwide. Furthermore, it also helps in subduing stress in the healthcare centre by reducing long visiting lines of patients. Patients can also monetise their data and sell them to medical institutions for research and survey purposes. Additionally, the platform has leveraged blockchain technology to decentralise the data storing system, thereby ensuring patients of maximum security of their valuable data.

  • HAPP Store (App store for health apps)

Within this platform, users can access various health apps in order to help improve their overall well-being. Presently, the network has its ‘Vision – Software for the Colourblind’ app ready-to-be-purchased via CURES Token. It is being endorsed by various medical, educational and academic institutions. The app is also backed by globally reckoned organisations that include Ministries of Education and the European Parliament. 

  • Health Assurance Platform

This platform extends future contracts concept that covers both specific contracts and generic contracts. Health Assurance Platform enables Medical Service Providers (MSP) to offer their medicare services to patients at discounted prices, in order to gain a competitive edge in the marketplace.

  • Marketplace and Trust Review Platform

Before selecting a healthcare centre, patient today perform extensive research online to ensure safety, cost-effectiveness, quality, etc. Marketplace and Trust Review Platform has built a decentralised trust review system that verifies transaction through blockchain and enable only genuine and verified recipients of the healthcare service to post reviews.

  • Trading Platform

It is a sales channel for Medical Equipment Suppliers (MES) that enables them to sell products directly to hospitals, clinics, patients and other traders. This direct platform will eliminate the need for middlemen, thereby eliminating long supply chains and reduce product costs.

  • Charitable Trust Fund

It is a dedicated legal entity, which is financed by 5% of the token supply and voluntary contributions of token users. It acts as a funding instrument for charitable projects in order to develop the healthcare systems in remote regions.

CURES Token – Extending a Decentralised Healthcare System

CURES TokenWith an aim to make healthcare services effective, affordable and accessible, CURES Token has created an extensive ecosystem based on blockchain technology. By decentralising the core operations, the ecosystem has allowed healthcare centres to extend quality and affordable medical care services to patients in unique and innovative ways.

CURES Token is offering up to 20% bonuses for every contribution. Participate Here

Invite-a-friend for weekly ETH rewards: Participate Here

Stay tuned for updates:

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Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. 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 press release.

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Announcing CoinFest Nigeria 2019

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CoinFest Nigeria 2019
Images by CoinFest

A two-day event bringing together hundreds of bitcoin and blockchain advocates in Nigeria and across Africa. CoinFest is a global cryptocurrency conference that is held simultaneously in the same week across different cities around the world to celebrate cryptocurrency.

CoinFest Nigeria 2019 is scheduled to be held on the 4th of April 2019 to the 5th of April 2019 and will be taking place in the city of Port Harcourt, Nigeria.

Promoting Cryptocurrency Adoption

Coinfest NigeriaThe CoinFest initiative was started in 2013 by some bitcoin enthusiasts in Vancouver, Canada, who saw the need to educate the growing numbers coming into the space as well as promote the adoption of cryptocurrency all around the globe.

Interestingly, Nigeria is one of the few African countries that are witnessing an increased interest in the area of blockchain and cryptocurrency.

With the growing numbers of investors, traders, developers, and entrepreneurs, CoinFest Nigeria has positioned itself as a platform that connects these people in ensuring that the potentials and opportunities in crypto and blockchain is being leveraged upon.

CoinFest was brought to Nigeria by Kayode Babarinde, an Associate Fellow of the Cryptographic Development Initiative of Nigeria (CDIN), with the aim of laying the path towards a Decentralized Nigeria.

2019 edition is set to be even bigger, as the conference is set to hold for 2-days, unlike the previous ones which held for only one day. There are not many conferences in Nigeria that focus more on cryptocurrency education; CoinFest Nigeria is one of those events you don’t want to miss at all.

Headline speakers who will be speaking at the event are; Professor Nii Quaynor, Director at Blockchain Academy, Ghana Dot Com Limited; Dr. Jane Thomason, Founder, Blockchain Quantum Impact; Oliver La Rosa, CEO, Globiance, and Chairman, European Chamber of Commerce for Distributed Ledger Technology and Crypto Currencies; Ernest Mbenkum, Founder of Cameroon Blockchain Business Council, and Founder of OASIS Africa Innovation; and Armand Ngueti, African Lead, Government Blockchain Association.

The event is packed with educative talks on crypto and blockchain, insightful panel discussions, product pitch, informative sessions, networking opportunities, and blockchain and cryptocurrency exhibitions, amongst other wide range of activities.

Attendance for CoinFest Nigeria 2019 is FREE but requires registration at the event page: https://www.eventbrite.com/e/coinfest-2019-tickets-53679533931 .

CoinFest Nigeria is further boosted with the overwhelming support of blockchain and crypto-focused initiatives; Cryptographic Development Initiative of Nigeria (CDIN), PwC, SureRemit, CryptoBates (UK), XendBit, Bitmama, Humaniq, and more. This year, CoinFest Nigeria is receiving leading supports from Government Blockchain Association, Genesis Block Africa, and Nigeria Blockchain Alliance.

For more information, sponsorships and exhibitions, contact +234 90 3487 3881, info@coinfestng.org.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. 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 press release.

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Connect Coin – Bringing an Effective Change in the Global Payment System

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The online mode of payment has enabled people across the world to pay and transfer funds easily, without the barrier of any geographical restriction. Within a digital transaction, consumers merely have to confirm the purchase and the payment is processed in no time. However, there are some critical pitfalls that keep people from harnessing optimum benefits out of electronic means of payment transfer.

Essential Setbacks Associated with Fiat Currency Transfers

  • Instability in Value of Fund

With passing years, the value of fiat money tends to depreciate, leading to inflation pressure because of higher import prices and increased export demands. It generates a critical issue for businesses with small capital and restricts them to be a part of the global market.

  • Lack of Exposure to Banking System

Even in this era of globalisation, merely 41% of the global population own bank accounts. More than half of the world population still cannot transact or trade beyond their physical boundaries.

  • Lack of Security

Fiat money transactions are always vulnerable to online fraud as the same card (debit or credit) can be used by anyone to make payment without adequate authorisation. Additionally, to complete an online transaction, users have to submit their personal information, thereby increasing the chances of identity theft.

CITL- Aiming to Transform the Global Payment System

Connect CoinCryptocurrency International Tanzania Limited (CITL) is a private limited liability company located in the United Republic of Tanzania. The company intends to transform the existing global payment system and money transfer by allowing users to make payments using a single dedicated cryptocurrency. Additionally, the company has also addressed the precariousness associated with cryptocurrencies as well as fiat currency and integrated blockchain technology to develop a decentralised and stable token known as Connect Coin (XCON).

Connect Coin (XCON)

Connect Coin is a standard ERC-20 Ethereum-based coin developed with an objective to ‘Connect the World’ by simplifying the online mode of payment and money transfer worldwide. XCON envisions empowering merchants by rendering them secure, efficient and blockchain-based payment system known as Connect Pay to showcase and advertise their products and services. The company has developed an extensive global Connect Marketplace that enables consumers and merchants from around the world to participate in trading activities using Connect Coin.

Connect Coin Solutions

Connect Coin offers the following solutions to its buyers and sellers:-

  • Transfer at Lower Cost:

Blockchain technology enables Connect Coin to eliminate middlemen, who are primarily responsible for high transaction fees. With Connect Coin, users can transfer funds immediately at a lower cost.

  • Multi-Currency Mobile Wallet:

CITL offers multi-currency wallet that allows cryptocurrency users to store crypto-tokens, exchange cryptocurrencies, and execute real-time fund transfer.

  • Transparency in Transactions

Blockchain’s confirmation mechanism along with transaction recording system does not allow users to double book or double spend and ensures that the entire process is organised and transparent.

  • Maximum Data Security

Within blockchain, transaction order is completed by dividing it into blocks and connecting those blocks into a chain. This helps in avoiding the chances of data tampering in the transaction process and guarantees optimum security.

Connect App

Connect App enables users to deposit, send, and receive Connect Coin from other users in real-time. The app also facilitates users to pay for goods and services to merchants worldwide who accept Connect Coins. Through this app users will be able to:-

  • Safely store their purchase coins
  • Obtain flexible and easy way to use their acquired coins
  • Enjoy low fee transactions
  • Pay for goods and services seamlessly 

Connect Coin – Making Online Payment Hassle-Free for Users

CITL is a private limited liability company that aims to revolutionise the global payment system and make it more efficient and secure for users. It has developed a dedicated token, denoted as Connect Coin that allows users to buy and sell products and services from any part of the world using this single coin. Additionally, the integration of blockchain further ensures that the fund transfers are executed efficiently, transparently, and securely.

Learn More about Connect coin on  https://connectingcoin.io/

Telegram : https://t.me/CONNECTCOIN

Facebook : https://www.facebook.com/connectingcoin

Twitter : https://twitter.com/connectingcoin

Instagram : https://www.instagram.com/connectingcoin/

Youtube : https://www.youtube.com/channel/UCpOMai74r0oMTwHKFzXHdTw

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. 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 press release.

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