GENERAL INTRODUCTION OF ABJCOIN
Nigeria and Africa at large are faced with difficulties as to import/export of goods and services, and also limitations as to payment means. The Abjcoin Cryptocurrency provides an end to end means for traders, business men, institutions, and individuals to carry out borderless trade with limitations and payment barriers. We serve as a decentralized payment processors and trade market. This is an open source, peer-to-peer, community driven decentralized cryptocurrency.
CURRENCY TRADE MARKET
Abjcoin connects to several fiat currencies, as we provide a fiat currency trading market. All Abjcoin users will be able to trade it for over 30 fiat currencies and get direct withdrawal to local bank account. This serves as a settlement house for everyone and engineers merchants acceptance because Abjcoin is a cash at hand.
E-COMMERCE
Abjcoin also provides a global electronic commerce marketplace where anyone from anyone in the world, can buy and sell varieties of products without a third party, and get paid instantly in Abjcoins. This removes trade restrictions and barriers , as you are allowed to trade as much as you can and your store is promoted by the marketplace.
SMART TRADE CONTRACT
As we provide borderless trade, the need arises for parties to sign in contracts that is admissible as evidence before carrying out their trade. The Abjcoin blockchain will provides the means for parties to sign in written electronic admissible evidence into the blockchain that can be verified by anyone anywhere in the world. The content of the contract will show in the blockchain with a unique hash, and anyone with the hash can ready and verify
PHASE(1) AUGUST-OCTOBER 2017
This is the Core phase of AbjCoin Blockchain. This includes developing AbjCoin Core software for windows, Linux and other operating systems, Setting up Block Explorer, Mining pools , and mobile device applications. AbjCoin will be available for mining through Proof of work at this early stage, and continuously on Proof of stake.
PHASE(2) NOVEMBER-DECEMBER 2017
This is the exchange and trade phase of Abjcoin. It involves Developing AbjCoin Auto Trader and Exchange to Fiat Currencies in Africa. List AbjCoin in 3 major international exchanges , Coinmarketcap and E-commerce payment plugin integration . On-board merchants accepting AbjCoin payment for both online and ofline stores all around the world.
PHASE(3) 2018
Integrate into banking institutions for faster and global payments, and implement ABJCOIN ATMs. AbjCoin operations will be extended to developing African Countries, to enable borderless payments and limitless international trades. Blockchain technology application across Africa.
PHASE(4) 2019
This is the institutional and smart contract phase of Abjcoin blockchain. This involves setting of the African blockchain Institute of learning where individuals are trained by professionals to provide blockchain based solutions. This is our own way of fostering the knowledge of blockchain in Africa. The Abjcoin blockchain will also be used for smart trade contacts , were both parties can sign a legal admissible evidence into the blockchain.
I love this idea! Africa has some internal problems, and it also has some external ones through involvement with international financial institutions. I've always thought blockchain technologies could help with sustainable, democratic investment in and the growth of Sub-Saharan Africa. I'd love if you would read the couple articles I have on my page about African Agribusiness and International Investment in Africa. Blockchain has the potential to create a sustainable world if we use the democratization of information to inform our perspectives in a way that will guide us to benefit the world without causing harm to the little guys. Can't wait to see where your project goes!
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