Virtual Nation Builders (VNB), a Web3 know-how firm, has launched COWRIE, a world-first community-based empowerment, gifting, and utility cryptocurrency that promotes inclusion and uplifts South African communities.
Named after the cowrie shell, the primary type of forex in Africa, COWRIE was launched on 18 July 2022 to commemorate Mandela Day and Nelson Mandela’s birthday.
It goals to safeguard the South African crypto neighborhood by providing a a refund assure on all tokens purchased throughout the Initial Coin Offering (ICO) VIP Sales Offering.
The initiative affords full refunds on purchases made throughout the ICO VIP Sales Offering, payable between 24 September 2022 and September 2049.
Token provide shall be locked in a Smart Contract and vested over 27 years – the size of time that Nelson Mandela spent in jail for opposing South Africa’s apartheid system.
Maurice Crespi, CEO of VNB, says: “We wanted to strip away the barriers to entry with a crypto that drives inclusion by benefitting not only the buyer but also their community. Through COWRIE, we want to dispel the misconception that crypto is esoteric and only for the wealthy and tech-savvy. We plan to use it as a vehicle for the upliftment of South African communities in a democratised and transparent fashion.”
VNB expands crypto portfolio with FHM, Safcoin acquisition
VNB lately acquired crypto and blockchain firm FHM (Pty) Ltd, creator of Africa’s first cryptocurrency, Safcoin.
VNB is 30% owned by Schindlers Si Attorneys, a number one blockchain regulation agency whose authorized experience enhances VNB’s tech and digital know-how and FHM’s specialist blockchain and cryptocurrency expertise. The mixed companies intention to champion and assist their shoppers’ digital wants within the Web3 revolution.
Neil Ferreira, co-founder and CEO of FHM and Safcoin says: “The My COWRIE project has been 18 months in the making. We are extremely privileged to have been educating ourselves in the crypto space so that we can be involved in this world-first initiative.”
Web3-driven philanthropy
VNB lately made headlines with the report sale of the world’s first heritage non-fungible token (NFT) of Nelson Mandela’s warrant for arrest. The NFT raised R1.9 million ($130 000) in an public sale to assist fund the Liliesleaf Museum Heritage Site.
“The sale gave a glimpse of the possibilities offered by the digital realm through virtualisation. The opportunities that blockchain enables and its applications are no longer limited to finance. The use of blockchain – and specifically smart contracts – can be applied in various industries, including community upliftment and business efficiency,” says Crespi.
“We believe that by harnessing the power of blockchain technology and connecting it to real communities, we can facilitate socio-economic development. This is enabled by the full transparency, autonomy, verifiability, incorruptibility, and trust made possible through blockchain technology,” says Ferreira.
Every yr on 18 July, an allocation of COWRIE shall be gifted to The Community Upliftment Trust, which was established to uplift grassroots communities.
The advantageous print:
- Only 1.4 billion COWRIE tokens shall be equipped. Locked and launched over 27 years.
- The ICO VIP Sales Offering will solely be obtainable to folks with a legitimate South African ID.
- The ICO VIP Sales Offering begins on 18 July 2022 and ends when the restricted VIP Sales COWRIE are bought out.
- COWRIE shall be launched internationally in This fall 2022.
- The minimal funding is R18 for 30 COWRIE (R0.60 every)
- The COWRIE affords 5% referral fee throughout the VIP Sale Offering
- The COWRIE affords up to 15% in rewards for holding COWRIE.
To purchase COWRIE and study extra about The Community Upliftment Trust and the mission’s initiatives, go to https://mycowrie.org/.
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