SAFCOIN, Africa’s first Proof of Work (POW) cryptocurrency coin, which launched exclusively to South African buyers in 2018, has unveiled plans to go global with its listing on HotBit, one of the world’s leading cryptocurrency trading platforms.
News report on the plans indicated that the list date had bee scheduled for 8-9 September 2021
As the first local cryptocurrency to be offered to the global market and with only 10 million coins available and 8.7 million already circulating, the listing by the first POW coin in Africa on the HotBit platform is expected to give international investors the opportunity to own a native African cryptocurrency.
SAFCON is driven by a core purpose: to make investing in crypto easy, accessible, and understandable for everyone in Africa.
Over the past four years of its debut, SAFCOIN has achieved many firsts for the South African crypto market in three years, including the issuance by Blockchain company FHM (Pty) Ltd an Initial Coin Offering (ICO) for 500,000 and the launching of bespoke, decentralised blockchain mainnet, built using a Scrypt algorithm; the centralised SAFCOIN Exchange; and SAFCOIN Wallets on Android and iOS.
In 2019, the company also launched SA’s first “plug-and-play” SAFCOIN mining opportunity, allowing new, small, and start-up miners to earn a passive monthly income by mining SAFCOIN as well as the SAFPay, a secure payment gateway that facilitates transactions with very low – or no – transaction fees and no middleman.
Last year, the cryptocurrency firm expanded its operations to Nigeria and Uganda and launched MobiJobs, Africa’s first blockchain-powered micro jobs platform that connects businesses and gig economy workers across Africa and the SAFCOIN pool mining programme.
SAFCOIN has also this year launched Cryptovalley, an e-commerce platform powered by it and SAFPAY that allows small businesses to sell and pay for products with crypto and with the planned listing on HotBit platform next week, the company will become the first locally founded digital currency to list internationally with HotBit debut.
Commenting on the firm’s increasing presence in the global cryptocurrency trading space, the Chief Executive Officer (CEO), Neil Ferreira, enthused: “SAFCOIN really is Africa’s pride. It’s been amazing to watch our vision come to life, and it keeps growing from strength to strength, connecting and empowering more Africans across the continent every day.”
Ferreira pointed out that the owners never intended SAFCOIN to be ‘just another cryptocurrency’ but wanted to demystify crypto for the man on the street and provide him with tools and resources to participate in the digital currency revolution.
According to him, the ultimate goal was to see SAFCOIN become a widely and globally accepted form of payment that in turn boosts African trade and simplifies cross-border payment processes. With the HotBit listing, it seems nothing can stop SAFCOIN’s growth and impact.
He expatiated: “There’s a lot more to cryptocurrencies than just profiting from it. “Individuals can be empowered, marketplaces can be opened, cross-border trade can be supported, and social and economic growth can be stimulated. This is why SAFCOIN was created: to help people while also empowering them to help themselves.”
The SAFCOIN project, first launched in 2018 by founders Neil and Michela Ferreira, together with Tony Ferreira, is a pioneering venture tailored to the increased need for broad-based digitisation on the African frontier.
SAFCOIN in itself is more than just a cryptocurrency and boasts within it an extensive network of functions united under the SAFCOIN umbrella.
Over and above its accolade as the first Proof-of-Work cryptocurrency on the continent, the SAFCOIN eco-system has been developed to accelerate Africa’s small -to medium businesses and freelance participation in a global economy.
