[ANN][PRIVATE SALE] AFROCHAIN - The First Decentralized Blockchain for Africa.

AFROCHAIN

The First Decentralized Blockchain for Africa|DECENTRALIZED| |ANONYMOUS| |SECURED| |TRANSPARENT|

V. 1.0 | Q3 - 2018

WEBSITE | WHITEPAPER | TWITTER | | TELEGRAM | MEDIUM |

DISCLAIMER!TRADING OR SAVING DIGITAL ASSET IS A VERY HIGH RISK ACTIVITY. DIGITAL ASSET PRICE IS VERY VOLATILE, WHERE PRICES CAN CHANGE SIGNIFICANTLY OVER TIME. PLEASE USE EXTRA CONSIDERATION IN MAKING DECISIONS BEFORE BUYING, TRADING, SAVING DIGITAL ASSETS, AS AN INVESTMENT OR ACTION PROFIT MAKING. ALL TRADING DECISIONS, BUYING AND SAVING DIGITAL ASSETS ARE THE RESPONSIBILITY AND INDEPENDENT DECISION BY THE USER.THIS WHITE PAPER IS INTENDED TO PRESENT RELEVANT INFORMATION TO POTENTIAL AFROCHAIN TOKEN (AFR) PURCHASERS (PURCHASER) IN CONNECTION WITH THE PROPOSED GENERATION AND SALE OF AFROCHAIN TOKEN (TOKEN ISSUANCE), INCLUDING INFORMATION ABOUT THE UNDERLYING SOFTWARE APPLICATION AND BLOCKCHAIN PROTOCOL USED TO CREATE AND DISTRIBUTE AFROCHAIN TOKEN (AFRO SMART CONTRACT) AND THE AFROCHAIN ECOSYSTEM (TOGETHER WITH THE AFRO SMART CONTRACT, THE AFRO PLATFORM). THE INFORMATION CONTAINED IN THIS WHITE PAPER IS NOT INTENDED TO BE EXHAUSTIVE AND THE STATEMENTS INCLUDED IN THIS WHITE PAPER ARE NOT INTENDED TO CREATE A CONTRACTUAL RELATIONSHIP. NOTHING IN THIS WHITE PAPER SHALL BE DEEMED TO CONSTITUTE A PROSPECTUS OF ANY SORT OR A SOLICITATION FOR INVESTMENT, NOR DOES IT IN ANY WAY PERTAIN TO AN OFFERING OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION. THIS DOCUMENT IS NOT COMPOSED IN ACCORDANCE WITH, AND IS NOT SUBJECT TO, LAWS OR REGULATIONS OF ANY JURISDICTION, WHICH ARE DESIGNED TO PROTECT INVESTORS. CERTAIN STATEMENTS, ESTIMATES AND FINANCIAL INFORMATION CONTAINED IN THIS WHITE PAPER CONSTITUTE FORWARD-LOOKING STATEMENTS OR INFORMATION. SUCH FORWARD-LOOKING STATEMENTS OR INFORMATION INVOLVE KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES WHICH MAY CAUSE ACTUAL EVENTS OR RESULTS TO DIFFER MATERIALLY FROM THE ESTIMATES OR THE RESULTS IMPLIED OR EXPRESSED IN SUCH.

EXECUTIVE SUMMARYAFROCHAIN is the first blockchain for Africa. It is the first step toward building a free economy for everyone, giving back the power in the hands of the people of Africa and Africa diaspora. An entire ecosystem is to be built on the AFROCHAIN blockchain. AFROCHAIN native coin is called Afrochain Token (AFR), a Afrochain Token suitable for African-market usage in line with its vision to provide access to financial services for everyone. Users will be able to their own project on the Afrochain mainet. The Afrochain ecosystem will enable users to have access to education, payments, exchange, trading and investing, and lots more.With about 250 million immigrants in the world sending over $600bn to support their friends and families back home every year, the remittance business is at the middle of all the transactions, a significant source of funding for many individuals and families across the world. However Immigrants face two significant challenges when executing cross-border and local money transfers:   - CostThe cost of remittances is punitively high. Transferring money via banks and traditional international money transfers operators could cost from    7-12% of the value transferred.   - Visibility   Over 40% of remittances are intended for specific uses like food, clothing, medicine, school fees or utility bill payments. Senders want to ensure Afrochain platform connects senders directly to the merchants that serve their recipients’ basic needs back home. A new token, Afrochain token (AFR) will enable senders to purchase digital vouchers (AfroGifts) that can be delivered to billions of their recipients across the wo