Cryptocurrency startup Safcoin will bear an Preliminary Alternate Providing (IEO) this month, adopted by a world itemizing in June.
The startup introduced the providing on 13 Could
The IEO comes much less then three years after the cryptocurrency was based by South African entrepreneurial trio Michela, Tony and Neil Ferreira.
The Safcoin IEO will happen place on 26 Could and it’ll then listing on 3 June.
Cryptocurrency on the African continent
Safcoin was launched in 2018 is predicated in Hartenbos.
That very same yr, Safcoin ran an Preliminary Coin Providing (ICO) that raised R4-million from over 6 000 members. The startup offered 20 000 tokens.
Previous to launch, Safcoin mined 5 million tokens for use as a part of a buyer loyalty or reward programme. The startup plans to mine 5 million extra and it generates income by charging a 2% transaction charge.
The crypto startup operates a cell pockets whereby customers can entry the trade and make funds.
In March, Safcoin launched a blockchain platform referred to as MobiJobs.Africa. The platform serves as a market for gig staff and companies in Africa to attach.
Cryptocurrency trade platform P2PB2B will host the providing.
Established in 2018, P2PB2B has over 200 cryptocurrencies and boasts a $438-million 24-hour quantity commerce.
Featured picture: Dmitry Demidko through Unsplash