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UTU – the first African Blockchain Startup to announce IDO on Binance DEX

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AE Ventures

PRAGUE / NAIROBI / VADUZ, LIECHTENSTEIN Sep 20 2019Æ Ventures, an investment company that provides initial funding, acceleration, and advisory support to blockchain projects, today announced that Starfleet graduate UTU Technologies, a Nairobi-based company building a trust infrastructure for the sharing economy on æternity blockchain, is launching an IDO (Initial DEX Offering) on Binance DEX.

UTUUTU will launch its IDO on Binance DEX at Æternity Universe One, the first conference dedicated to the Æternity Blockchain’s growing ecosystem taking place September 20-21, 2019 in Prague. While IDOs are a fairly new concept, they are growing in popularity due to their independent nature, as they are independent of Binance and are 100 percent self-organized by the token issuer. UTU’s decision to employ this new funding measure is rooted in the company’s core values of trust and innovation.

UTU delivers proprietary trust recommendations to decentralized applications with the aim to disrupt anonymous star ratings and reviews, which are the current standard for discerning trustworthiness of digitally contracted service providers. The goal is to transform the online services industry by tokenizing the acquisition of users and data and creating a safe space to securely store and govern data access while providing monetary incentives for endorsing trusted service providers. UTU’s technology runs on a graph database, powered by machine learning, that is adapted for each user’s unique preferences and trust model. Therefore, in operation, UTU’s API seamlessly serves up personalized recommendations for trusted service providers on sharing platforms to drive conversion, satisfaction, retention and viral acquisition.

UTU’s technology is particularly useful for establishing trust for P2P e-commerce, P2P lending, and online professional services. For example, fintech platforms can use UTU to evaluate credit risks with little or no formal data, helping them to better understand the correlational risk to their portfolio. Online professional services like content and copywriters can use UTU to build trust and relationships, therefore driving conversion up by 20 percent, satisfaction up by 10 percent and they can generate up to 30 invites per new user.

“From the onset, our mission has been to bring real-world trust to the digital world; and we believe conducting an IDO is the next step up toward expanding this vision,” said Jason Eisen, CEO of UTU Technologies.

UTU will also showcase its technology at this year’s Æternity Universe One conference. This milestone highlights UTU’s development since participating in Æ Ventures’ Starfleet Accelerator program where they received $200,000 USD in investment and went on to win the Startup World Cup at the Trescon Global AI Show.

“The Æ Ventures team is very proud of UTU’s success through our Starfleet accelerator program,” said Nikola Stojanow, CEO of Æ Ventures. “We share UTU’s vision of providing a safer, more trusted digital world, built around relationships; and we are happy to support their efforts to build a solid blockchain ecosystem in Africa.”

Disclaimer: This is a 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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Dash Donates 1,000 books to Campus BCAT

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Dash Donates

Lagos, February 24, 2020Dash, the top digital currency for payments and local adoption through ​Dash Nigeria, today announced the launch of a ‘Digital Cash Awareness Drive’ inclusive of distributing over 10,000 copies of ‘Digital is the Cash’ book across Nigeria, Ghana, Cameroon & Haiti in English and French languages.

1,000 copies will be donated to the ​Campus BCAT​, a project of ​CryptoTVplus​, to be distributed across 30 university libraries, BCAT clubs, & tertiary institutions in Nigeria.

Nathaniel Luz, Lead of Dash Nigeria, says this is in a bid to promote the knowledge and understanding of Digital Cash, in the barest non-technical terms possible to the mass of people. He said this is the third phase of the campaign with the previous two (2) producing ​Digital Cash academy​ in text and ​Pidgin English videos​.

Digital is the CashThe ​book​ tells the history of money, the global financial system and its failings, fintech applications, blockchain, and the need for digital cash. It teaches Digital Cash in an easy-to-understand way while portraying the advantages over the legacy financial system.

According to Tosin Miracy, Director of the Digital Cash Awareness Drive, the campaign is positioned to give proper awareness and education of digital currencies to the public and correct some false notions that have earlier prevailed.

“We’ll focus on regulators, financial institutions, student clubs, tertiary institutions and libraries that are accessible to the public. It’s our belief that by donating 10,000 copies worth $100,000 across 4 countries and 2 languages, we’ll increase the reception of individuals and organisations towards digital currencies”.

Miracy also stated that translation of the book into French is ongoing with plans to translate the book into Spanish other languages in order to reach more nations of the world.

Applications for free copies of ‘Digital is the Cash’ book can be made ​here​.

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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Blockchain Africa Conference 2020 Announces Binance as a Premier Sponsor

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Binance Sponsor

Bitcoin Events is pleased to announce Binance as Premier Sponsor of the Blockchain Africa Conference 2020

Binance, the world’s largest crypto exchange by daily trading volume, is expanding its operations in Africa and is a proud sponsor of the Blockchain Africa Conference 2020. Binance was founded by CEO Changpeng Zhao (CZ) in 2017 and is now the top global trading platform for over 100 cryptocurrencies.

At the Blockchain Africa Conference 2020, Binance will detail its expansion efforts into South Africa as well as its projects and initiatives with the Binance Charity Foundation.

“Binance is proud to be open for business in South Africa, which is one of the most exciting markets for crypto,” CZ said.

BinanceThe company’s first expansion on the African continent was in Uganda in 2018 when it opened the first fiat-crypto exchange with trading pairs with the Ugandan Shilling. Binance also partnered with a global payment technology company allowing Nigerians to purchase BTC, BUSD, BNB with Naira (NGN) with debit and credit cards.

“Binance is dedicated to increasing the freedom of money and the advancement of blockchain technology. The African continent is a major part of this mission – where millions are unbanked but remain innovative in their use of technology. The Blockchain Africa conference is leading conversations around cryptocurrency and blockchain technology in Africa and Binance is keen to communicate with key industry stakeholders and thought leaders in Africa to jointly promote technology evolution in this new era across the continent,” he added.

See You at the Blockchain Africa Conference 2020 in Johannesburg!

<< REGISTER NOW for the Blockchain Africa Conference 2020 >>

Disclaimer: This is a 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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Terrabit Enables Web Staking for CREDIT Token Holders

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TerraBit

JOHANNESBURG, South Africa, Feb. 15, 2020 — Leading South African blockchain company Terrabit has announced the launch of web staking for its digital currency credit (CREDIT) to enable anyone with an internet connection to earn staking rewards.

TerraBit

Terrabit is a South African cryptocurrency exchange that offers fiat-to-crypto services in five African countries. The trading platform features all major coins and pays 100% of fees to users through referral. At Terrabit’s core, it offers users a decentralised digital payment solution and a hybrid PoW/PoS blockchain, CREDIT.

Terrabit provides CREDIT holders with a range of exchange options, zero transaction fees, and fast payments. Additionally, the company provides a staking platform and wallet, MiniPOS, which offers the most straightforward and rewarding CREDIT “mining” solution available on any digital device.

Now, CREDIT holders can also stake their tokens online to earn up to 100% staking reward per annum via Terrabit simple-and-easy-to-use web staking platform. This enables anyone with an internet connection to earn staking rewards when holding CREDIT.

CREDIT web staking features include:

  • Web-based CREDIT staking up to 100% per year
  • Profit is paid hourly
  • No lock-in period
  • 5 level referral
  • Easy-to-use

Daniele Marco Ronchese, founder of TerraBit and creator of CREDIT, said: “We are delighted to introduce web staking as a service to CREDIT holders as a new and convenient way to earn staking rewards.”

“Cryptocurrency staking has traditionally involved a complicated technical setup that has acted as a barrier to entry for the average investor. With our new web staking offering, we can empower all digital currency investors – big and small – to start earning staking rewards simply by holding their tokens on our secure online platform.”

To learn more about Terrabit, CREDIT and web staking, visit www.terra-bit.io.

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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