RATE Group | For just R70, you can join Africa’s cryptocurrency rush
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For just R70, you can join Africa’s cryptocurrency rush

02 Aug For just R70, you can join Africa’s cryptocurrency rush

Posted at 10:50h in Cryptocurrency News by

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Sales of SAFCOIN, an exclusive African cryptocurrency, opened this month, giving South Africans an opportunity to invest in tokens before the rest of the world.

During the Initial Coin Offering (ICO), 500 000 SAFCOIN tokens will be made available to investors with a valid South African bank account, for just R70 per token.

In October, the remaining 5 million crypto coins will be listed for sale on local and international cryptocurrency exchanges, as well as on an exclusive SAFCOIN exchange, when the price of the coins is expected to increase. At the same time, all valid tokens will be converted into tradeable coins.

Neil Ferreira, director and co-founder at blockchain company FHM, says SAFCOIN aims to make cryptocurrency investment easy and understandable for average South Africans, from the curious dabbler to the serious investor. 

“We want to make cryptocurrency trading as accessible as possible, to as many Africans as possible,” says Ferreira. “So it was crucial that…

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