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Author Topic: [ANN] AFRI - OS PoS/DAG cryptocurrency - Distribution via Crowdsale + Bounties  (Read 1614 times)
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October 13, 2017, 11:58:29 PM
Last edit: October 31, 2017, 09:55:42 AM by africryptocurrency
 #1

AFRI: An open-source distributed ledger (PoS/DAG hybrid)

Due to personal reasons completely unrelated to politics this project will be abandoned. We would like the two users who have sent us btc and eth to contact us ASAP so we can return the funds by giving you the private keys.

Thank you everyone for having watched this project and asking questions.

BR, Lueji, Abdirrahim, Hassan


Logo

Hello everyone and welcome to the public beginning of a project that a small team of enthusiasts has been working on for the past 8 months. This announcement will serve to let community members become familiar with the project at a philosophical, design, and technical level, and will mark the beginning of the crowdsale for the public.

Who

We are three political activists, hacktivists, and coders, from three different African countries. We have been harassed, persecuted, jailed, and humiliated in our individual countries for trying to expose the existing political corruption, and the government manipulation of the national currencies. While some of you may be aware of the famous Zimbabwe’s one hundred trillion dollar note as an example of hyperinflation, the truth is that different levels of currency manipulation (to the sole detriment of its citizens) exist in both North-African and Sub-Saharan African countries. These examples include a strong collusion between banks and governments to use collected taxes for illegal and unhumanitarian enterprises, as well as altering the de facto supply in order to steal from savers.

Working in the project full time, and in the interest of transparency, are:

Lueji da Silva, Abdirrahim Galaid, and Hassan Maghrubi.

Part-time contributors to our pre-release code include Clóvis Viega, Keven Radke, and Juan Freire.

Anyone that wishes to help us code is encouraged to join our Github repository for our future wallet release. Having a bigger community of active contributors creates better and more useful code to meet our needs, and we look forward to all the suggestions put forth.

Why

While we have paid a price for our whistleblowing and exposure, we have learned many things. We have learned that everyone’s identity is precious and must be protected at all costs. And we have learned that whistleblowing only brings attention to the issue, but it does not undermine the existing infrastructure. Though we welcome and encourage the use of bitcoin and other cryptocurrencies in our respective countries, we also realize that they are not equipped with the necessary tools to triumph over the long term, and that these tools (such as scalability) may come too late for a great deal of people that see their wealth be stolen in front of them. Every year, month, day, even second that we can undermine the current system will be a victory in our view. Additionally, we aim to create a network for Africans by Africans to directly fight the Abuja Treaty (concerning the creation of an African single currency by 2023, and an African Central Bank by 2028), which will only make our citizen efforts to expose the corruption and manipulation less effective.

What

And this brings us to our project. Our project is called Afri, both short for Africa and the old Latin name for its inhabitants. Afri is a cryptocurrency for Africans and all those that wish to support our struggle. It is a PoS/DAG hybrid cryptocurrency, with an initial release as an android app. Each individual app on each user’s smartphone will work as an effective full node when connected to the internet. Users will be able to quickly and effortlessly send value regionally, nationally, and internationally, without any fees, while each app maintains a copy of the distributed ledger, which is shortened at regular milestones to save internet data costs and phone space on each user’s phone.

(Preview) Creating a seed in the Afri wallet (English)
(Preview) Creating a password lock in the Afri wallet (Portuguese)
(Preview) Afri wallet main page (Afrikaans)
(Preview) Afri claiming tab (French)

Shortly after the first release of the app, we will be releasing a Windows and Linux desktop wallet as part of our roadmap. These desktop nodes will work to maintain the bigger ledger size, enabling smartphone nodes to use lighter ledgers as more transactions are performed by the Afri network and user adoption increases.

In Afri, the DAG enables parallel validations without transaction fees and is easily scalable for a growing user base. At the same time, each participant in the network making a transaction also actively participates in the consensus by referencing three transactions directly, without the need for mining operations to delegate trust to. Instead of using PoW for each transaction, which would require more processing power in each user’s smartphone, this is instead replaced by PoS which uses randomization to look for the lowest hash value in combination with the size of the stake (which is public information in the network, and visible in-app to the users through a DAG explorer).

Since we have run several successful testnet pilots with over 100 nodes, and we are in the final stages of polishing and debugging the auto-node discovery feature that we coded, we are finally confident we can bring it to the public at a specific timeframe without major bugs or performance issues. However, we encourage all users to report bugs that they encounter once we release the alpha. All technical details on the inner workings of the Afri protocol will be released as open source code in our Github repository under an MIT license, and presented in our technical whitepaper, due for release on the 30th of November 2017.

Specifications

PoS/DAG Hybrid (no minting)
4 000 000 000 (Four billion) total unending supply
Initial release: Android app only
Max app size: 50MB
Max DAG size stored in user’s phones: 0.5GB
Estimated peak network synch time during use: 18Mbit/s. We estimate an average user connection time of 60-150 seconds, with the app synching to the network only when user prompted.

Distribution

As pseudonymous participants and contributors in other well-known cryptocurrency projects over the last 2 years, we would like to think we have learned which distribution methods work best for each project. While we are fans of PoW mining as a concept, we believe it is not the most sustainable and practical system for distributing coins to our target user. As such, Afri will have no mining or minting of any kind, and the genesis block containing all of the coins (4 billion) will be distributed in the following way:

49% of coins (1 980 000 000) will be sold in a crowdsale starting 14th October 2017 19:00 UTC. More details below.

49% of coins (1 980 000 000) will be distributed via bounties to promote the adoption, code, and design of Afri. More details below.

2% of coins (40 000 000) will go to the founders, distributed among the three: 10 000 000 for each, with the remaining 10 000 000 to be sold in the first exchange listing and donated to the Plateforme de Protection des Lanceurs d'Alerte en Afrique (African Whistleblower Protection Platform). We also encourage you to donate to them for their amazing effort in protecting us and other whistleblowers in the past.

Additionally, all Bitcoin, Ethereum, and Litecoin collected during the crowdsale will be distributed, alongside the remaining Afri coins, as an extra incentive for users to participate in the several bounties we have planned. More details in the Bounty section.

Crowdsale:

The objective of the crowdsale is two-fold: reward investors and traders for their trust in the project at an early stage, while using the funds collected to reward users through the bounty system to develop the network and community.

The crowdsale begins 24h after this post has been submitted and will last until the 31st of December 2017. The equivalent number of coins per investment is distributed in three phases:

1st phase: 14th October – 20th November: 800 000 000 Afri at a rate of 1 Afri = 0.0001 USD (cryptocurrency equivalent*). Should there be more funding than the initial valuation, the Afri will be distributed at a different rate proportional to each investors’ stake.

2nd Phase: 21st November – 10th December: 700 000 000 Afri at a rate of 1 Afri = 0.00015 USD (cryptocurrency equivalent*). Should there be more funding than the initial valuation, the Afri will be distributed at a different rate proportional to each investors’ stake.

3rd Phase: 11th December – 31st December: 480 000 000 Afri at a rate of 1 Afri = 0.0002 USD (cryptocurrency equivalent*). Should there be more funding than the initial valuation, the Afri will be distributed at a different rate proportional to each investors’ stake.

*We define cryptocurrency equivalent as the rate of USD to your cryptocurrency of choice (bitcoin, ether, or litecoin) at the market value in Bitfinex exchange on the timestamp at which your transaction is received in the Afri crowdsale wallet, expressed in the equation: Claimable Afri = (USD rate of your cryptocurrency * number of cryptocurrency units sent) / equivalent crowdsale phase price. For example, if 1 BTC = $5000 when you send your bitcoin transaction, and you send 0.01 BTC during the first crowdsale phase, then you will receive 5000*0.01/0.0001 = 50 000 Afri.

As mentioned above, if there is more funding than the initial valuation, we will have a proportional reward, wherein:

Claimable Afri = (Total Afri supply in the respective phase / USD rate of each cryptocurrency * number of cryptocurrency units sent) * (USD rate of your cryptocurrency * number of cryptocurrency units you have sent).

We have made what might seem like a “low” valuation since we prize the utility of the network we will create more than the monetary incentives we (founders) could gain from it, so our bounty system was made with the minimum viable investment possible in mind to kickstart it.

Crowdsale Official Addresses:

1st Phase now live! 14th October 19:00 UTC - November 20th 19:00 UTC | Total Afri: 800 000 000 | Rate: 1 Afri = 0.0001 USD (cryptocurrency equivalent*)

BTC address (no bitcoin cash!):
(We are considering limiting crowdsale through bitcoin during the month of November so that users can claim both bitcoins in the upcoming bitcoin segwit2x fork)

ETH address:

LTC address:

Claiming your Afri

During our alpha release (scheduled for the 31st of November 2017), users will be able to automatically collect their Afri by selecting the cryptocurrency they used in the crowdsale and placing their wallet address in the “Claim” tab (see image preview in French) of the wallet. Because of this, it is crucial that you remember the wallet address from which you sent your bitcoin, ether, or litecoin. If you, for example, place a bitcoin address in a litecoin claim, the system will not recognize the action, and your tokens will not be lost. Simply select the correct cryptocurrency and wallet address and try again. If you are still facing issues please send an e-mail to africryptocurrency at gmail dot com where you include: 1) your wallet address, 2) the transaction, 3) Txhash, and 4) block number so we can troubleshoot the issue.

Bounties:

Afri is a bounty driven cryptocurrency, and we aim to use bounties as an economic incentive to grow the use and features of the network. The bounties are not time limited and will be granted on a first-come first-served basis. If the crowdsale results in higher than expected funds, then these will be distributed proportionally across all the bounties.

Wallet/Code Bounties (Total: 500 000 000 Afri)

• Free 250 000 Afri in each of the first 1000 wallet downloads (total 250 000 000 Afri);
• Porting the wallet code to iOS 11 (total 100 000 000 Afri proportionally divided by the relative number of github commits and our interpretation of their impact, to prevent abuse, + $10 000 from the crowdsale divided in equal parts through bitcoin, ether, and litecoin);
• New wallet features and network optimizations (up to 10 proposals, total of 150 000 000 Afri available to distribute between these 10 proposals at the joint judgement of the three founders, + $10 000 from the crowdsale divided in equal parts through bitcoin, ether, and litecoin).

Language Bounties (Total: 350 000 000 Afri)

While we will release our initial alpha with 5 available languages (English, French, Portuguese, Afrikaans, and Modern Standard Arabic), we are looking to include 31 more languages over the next months and perhaps even years. The translation work to be done concerns only the GUI, and the rewards will be distributed in three different phases based on the relative number of speakers of those languages. The base GUI file will be released in English in our github repository following the release of the alpha wallet (30th of November 2017). Below you can read the target languages and rewards:

1st phase languages: Hausa, Yoruba, Oromo, Fulani, Amharic, Igbo, Malagasy, Somali, Berber, and Swahili.

1st phase rewards: 20 000 000 Afri + $2000 from the crowdsale (divided in equal parts through bitcoin, ether, and litecoin) per Language (total 200 000 000 Afri)

2nd phase languages: Shona, Akan, Zulu, Kinyarwanda, Chewa, Kirundi, Mossi, Xhosa, Tigrinya, and Gikuyu

2nd phase rewards: 10 000 000 Afri + $1000 from the crowdsale (divided in equal parts through bitcoin, ether, and litecoin) per Language (total 100 000 000 Afri)

3rd phase languages: Tshiluba, Umbundu, Tswana, Kongo, Sesotho, Lingala, Luganda, Northern Sotho, Dholno, Mauritian Creole, and Ndebele.

3rd phase rewards: 5 000 000 Afri + $500 from the crowdsale (divided in equal parts through bitcoin, ether, and litecoin) per Language (total 50 000 000 Afri)

Google translations will not be accepted. Language submissions will be handled manually by us, so make sure you provide your bitcoin, ethereum, and litecoin public addresses when submitting your request so we know where to send your rewards if you are accepted and when you do deliver the translation.

Design Bounties (Total: 300 000 000 Afri)

We will reserve 100 000 000 Afri + $10 000 from the crowdsale (divided in equal parts through bitcoin, ether, and litecoin) to reward a new logo design to replace our current one should a community vote with over 1000 votes decide on an alternative logo. The remaining 200 000 000 Afri + $20 000 from the crowdsale (divided in equal parts through bitcoin, ether, and litecoin) will be distributed to several GUI design proposals as well as for new wallet/app option arrangements, should a strong case be presented as to why said changes would optimize the user experience. Failing to achieve both these goals, the Afri and equivalent USD will be used as rewards for Other Bounties (see below).

Community Bounties (Total: 200 000 000 Afri)

50 000 000 Afri + $5000 from the crowdsale (divided in equal parts through bitcoin, ether, and litecoin) will be distributed between the first five websites where:

1.   Afri’s general, technical, and ideological information is presented in a fair way;

2.   Links are provided in the website to this bitcointalk thread and our github repository for the official download links;

3.   The website itself hosts the official download files and commits to keeping them up to date (as a prevention against our github repository getting seized by malicious actors).

4.   The website should have the information in English, French, and Portuguese at the very minimum.

50 000 000 Afri + $5000 from the crowdsale (divided in equal parts through bitcoin, ether, and litecoin) will be distributed to the first 10 videos that explain what Afri is under 3 minutes, in English, French, Portuguese, Afrikaans, and one or more Northern-African languages (each video only needs one language, subtitles in the other target languages are encouraged).

50 000 000 Afri + $5000 from the crowdsale (divided in equal parts through bitcoin, ether, and litecoin) for the first 10 video tutorials on downloading and getting started using Afri, as well as claiming one’s Afris from the crowdsale, with no time limit, in English, French, Portuguese, Afrikaans, and one or more Northern-African languages (each video only needs one language, subtitles in the other target languages are encouraged).

25 000 000 Afri + $2500 from the crowdsale (divided in equal parts through bitcoin, ether, and litecoin) for the creation of an active though unofficial reddit, twitter, telegram, slack, and facebook communities, with the rewards being distributed proportionally based on metrics such as daily views, comments, upvotes, posts, etc after one month of the community page being created.

25 000 000 Afri + $2500 from the crowdsale (divided in equal parts through bitcoin, ether, and litecoin) for newspaper/magazine/flyers/tv advertisements referencing Afri in whatever African country they are displayed.

Other bounties (Remaining Afri)

The remaining Afri from either the difference in funding phases or an extra source of funding will be allocated for two uses. Half will be to reward Afri/Fiat exchanges in Africa only. The funding will be distributed through the first 3 exchanges that are created in the form of free Afri to the first 100 users that sign up in each exchange. The second will serve to reward bug bounties after the end of the crowdsale and user feedback of app use for one month.

Roadmap:

November 2017: Crowdsale 1st phase (14th October – 20th November), Crowdsale 2nd phase (20th November – 10th December), release of Afri Android wallet v0.1a in our public Github (30th November), release of the Afri Technical Whitepaper (30th November).

December 2017: Crowdsale 3rd phase (10th December – 31st December), beginning of the bounty claims (15th December), release of Afri Android wallet v0.2 & Windows desktop wallet (20th – 30th December), target for bounty-funded websites, communities, videos, and 1st phase language translations to be completed (31st December).

January 2018: release of Linux desktop wallet (15th – 30th January), target for iOS release (15th January), target for bounty-funded 2nd phase language translations to be completed (31st January). Target for the first Afri/BTC or Afri/Eth exchange.

March 2018: Release of multi-platform wallet v1.0 with new bounty-funded design features (28th February). Target for the first bounty-funded Afri/Fiat exchange in Africa and exposure in African traditional media.

July 2018: Target for 80% of all bounties to have been awarded. Target release of multi-platform wallet v2.0 with additional features such as cloaked channels where two users can send value anonymously while other users cannot publicly find the sending/receiving addresses as well as the amount transferred.

August 2018 - onwards: Network optimization and taking on user feedback to improve the network and decide future features.

Final Notes: We are extremely happy for the hard work the team has put during these months, and the extraordinary results we have achieved. However, our ultimate goals should be very clear for all the cryptocurrency community and our users:

1)   Develop a scalable and easy to use cryptocurrency for Africans;

2)   Upgrade the protocol to the extent possible;

3)   Ensure its decentralization in the nodes (through our consensus protocol) and in the availability of the code (to prevent censorship).

As such, once we the founders are happy with Afri’s development, we will not see a need to build layers on top of the Afri network, unless there is a clear and unmistakable demand by its main target users. We will still be available to the extent possible to help others wishing to build these layers, but it will not be on top of our individual founder priorities. Additionally, we hope to keep this bitcointalk thread and our github repository as the main and official sources of information concerning Afri development and updates. We hope you are as excited about Afri as we are!

P.S. We have been approached by some members asking for Afri before the crowdsale. We would like to be clear that no Afris will be sold outside of the crowdsale period or distributed in other way other than by the bounty system, so please stop asking. Thank you.
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October 14, 2017, 12:20:57 AM
 #2

So. where is Wallet?
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October 14, 2017, 12:25:07 AM
 #3

this seems like a nice project and i will certainly keep an eye on this one for developments!  Good luck Dev!

..Stake.com..   ▄████████████████████████████████████▄
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..PLAY NOW..
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October 14, 2017, 12:28:35 AM
 #4

Is there any link for the Wallet?
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October 14, 2017, 12:36:07 AM
 #5

So. where is Wallet?

The wallet is not released yet, it the alpha wil be released in our Github repo on the 30th of November. This is because we are still fixing the code for the auto-node discovery, which will ensure each node stays connected to the network without the user having to manually search for nodes every so often.
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October 14, 2017, 12:40:40 AM
 #6

Project looks interesting, might throw some ETH next week. I found the bounty system a bit confusing, if I understand it correctly bounty claimers get both the Afri + the equivalent in crypto? Seems like a double reward

"We will create a civilization of the Mind in Cyberspace. May it be more humane and fair than the world your governments have made before." - A Declaration of the Independence of Cyberspace. John Perry Barlow. Davos, Switzerland. February 8, 1996
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October 14, 2017, 12:45:03 AM
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Is there any link for the Wallet?

Not yet. Check our Github and this thread on the 30th of November. That's our timeline for finishing and testing the last part of the code.
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October 14, 2017, 12:52:35 AM
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Project looks interesting, might throw some ETH next week. I found the bounty system a bit confusing, if I understand it correctly bounty claimers get both the Afri + the equivalent in crypto? Seems like a double reward

Yes it's a double reward. The objective is to give a monetary incentive to deploy user adoption, community support, useful learning materials, essentially all of the infrastructure required for future users to be able to learn about Afri in the language of their choice, to use it in the language of their choice, to be able to trade it, and to be able to use the wallet and the network without any problems.
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October 14, 2017, 02:45:14 AM
 #9

dont you think it's too hard for africa to use cryptocurrency ?
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October 14, 2017, 03:33:34 AM
 #10

PoS/DAG hybrid cryptocurrency
transaction fees 0?
There is no reward of pos?
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October 14, 2017, 07:41:06 AM
 #11

dont you think it's too hard for africa to use cryptocurrency ?

We understand that is the general international perception of Africa, and we are happy to be the first project to prove this perception wrong. Before starting, we looked into this issue since it would be pointless if there was a marginal smartphone use in Africa or if the software required a level of skill beyond a normal smartphone user.

We actually found that there are currently almost 300 million smartphone users in Africa, with a projection of 930 million users by 2021. This means that currently there are more smartphone users in Africa than in the United States of America for example (230 million), though the type of smartphone being used is vastly different.

It's one thing to have many potential users, but the other side of your question is how easy it is to use. This is ultimately what made us change our approach from a traditional PoW cryptocurrency to a PoS/DAG hybrid, since PoW would develop mining facilities, and would create a distinction between users and miners. We put a great effort into ensuring that each user is a node in itself, and that the node operation runs in the background of the app, accessible to advanced users but not a requirement for normal day-to-day use.

Considering also that the average smartphone in Africa has less internet connectivity speed, processing power, and disk space, than the average U.S.A. smartphone, this created some interesting design limitations. This is part of the reason why we have included in our roadmap to create desktop wallets to be run as full nodes so as to decrease the load required in the smartphone apps. Also, while we haven't added it as an official roadmap target, we have brainstormed about a future use case of incorporating SMS service on top of Afri, so that users can send Afri to each other via text message in traditional cellphone networks, and the user's Afri app does the PoS and relays the information to other full nodes.

Lastly, we tackle this question through the GUI, the design choices, the starting available languages, and the bounty system for languages. The more African languages we can provide at the start and in the first few months the easier it will be for our target user to use the app. As you might know, however, there are many languages in Africa, so we expect some translations to take some months or even years before being ready to be added to the app and desktop wallets.
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October 14, 2017, 07:49:23 AM
 #12

PoS/DAG hybrid cryptocurrency
transaction fees 0?
There is no reward of pos?

Correct, there will be no transaction fees (spamming the network will actually increase the network speed since each transaction made needs to verify at least three previous transactions in the backlog), and no reward for the PoS. The PoS is a design trade-off between PoW, since we believe that even if we had low-difficulty PoW this would increase the app size and speed considerably in our target user's smartphone.
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October 14, 2017, 07:49:48 AM
 #13

Today is the day when crowdsale is going start and I will be watching what kind of response this gets. Of course idea is solid and looks interesting that is the reason to hand around this to follow the progress continuously. I will try to participate at later point.
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October 14, 2017, 08:05:02 AM
Last edit: October 15, 2017, 04:23:35 AM by kalunomics
 #14

Alas, something representing Africa. Reserving Igbo translation

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October 14, 2017, 08:19:12 AM
 #15

Do you have a website?
No escrow?
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October 14, 2017, 08:43:14 AM
 #16

Do you have a website?
No escrow?

Since we are overwhelmingly coders, we didn't make the website our personal priority. We think those better suited to design websites should take charge, which is why we have allocated a decent sum of Afri and equivalent cryptocurrency collected in the crowdsale as a bounty for the first 5 websites that people create. You can find more information in the Design Bounties area.

We have had one member offer escrow via DM, but we are waiting for more offers before we decide.
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October 14, 2017, 01:03:46 PM
 #17

I want to watch the real-life video of the team member
africryptocurrency (OP)
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October 14, 2017, 07:02:17 PM
 #18

1st Phase of the crowdsale is now live

Specifics: 14th October 19:00 UTC - November 20th 19:00 UTC | Total Afri: 800 000 000 | Rate: 1 Afri = 0.0001 USD (cryptocurrency equivalent*).

Should there be more funding than the initial valuation, the Afri will be distributed at a different rate proportional to each investors’ stake.

We are also considering limiting crowdsale through bitcoin during the month of November (1st - 30th) so that users can claim both bitcoins in the upcoming bitcoin segwit2x fork.
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October 14, 2017, 07:13:14 PM
 #19

Is this coin only for african people ?
Because all language is an african continent language only

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africryptocurrency (OP)
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October 14, 2017, 07:20:37 PM
 #20

Is this coin only for african people ?
Because all language is an african continent language only

This coin is targetted for African users mainly, but it is of course free to use for international users. Since the target user is African, the bounty rewards are aimed at developing African language translations. However, if other international users wish to volunteer and make their own translations of the wallet (Slavic languages, Nordic Languages, Asian languages, etc) they are free to do so once we release the software on our repository
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October 15, 2017, 02:38:41 AM
 #21

The project looks really good and will be successful on the market.
Expect further progres.
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October 15, 2017, 02:42:26 AM
 #22

POS/DAG is good.But unfortunately, Africa does not have a digital currency market at the moment.

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africryptocurrency (OP)
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October 15, 2017, 10:23:38 AM
 #23

POS/DAG is good.But unfortunately, Africa does not have a digital currency market at the moment.


We understand how someone would believe this.

However, Africa has smartphones, and Africa has currency problems. There is a demand for something that can protect value for Africans when faced with aggressive government monetary policies created to steal value. The fact that Africans use mostly smartphones and cellphones is not so much a limitation, but it's an important fact when deciding which type of cryptocurrency would best suit that target group. This is why we agree with you that POS/DAG is a good solution for this problem.
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October 15, 2017, 11:40:24 AM
 #24

I want to watch the real-life video of the team member
Would that be possible?
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October 15, 2017, 12:02:34 PM
 #25

Would that be possible?

We don't understand the nature of this request, what is the purpose?
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October 15, 2017, 12:15:37 PM
 #26

I think this is a good project, and Hopefully will be able to make countries whose currency inflation could be better.
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October 15, 2017, 12:49:09 PM
 #27

Would that be possible?

We don't understand the nature of this request, what is the purpose?
You can get the investor's trust.
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October 15, 2017, 01:22:08 PM
 #28

You can get the investor's trust.

We have already disclosed the core code contributors in the interest of transparency. You can find them in the original post.
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October 15, 2017, 02:20:21 PM
 #29

I have a soft spot for DAGs. Missed the original IOTA sale so I'll be entering this one. Good luck to the team!
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October 15, 2017, 02:31:17 PM
 #30

However, Africa has smartphones, and Africa has currency problems. There is a demand for something that can protect value for Africans when faced with aggressive government monetary policies created to steal value.

While I doubt you'll make a dent in the African political and monetary system (at least in the short term), I do support the existence of alternatives, and bitcoin's slow transaction times or IOTA's centralization isn't gonna cut it

PS: if AFRI does catch on, should we start saying "To the Craddle!" instead of "To the Moon!"?  Grin get it? Africa, the craddle of humanity?  Cheesy
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October 15, 2017, 03:02:26 PM
 #31

Awesome project, but why is the crowdsale lasting such a long time (3 months)?
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October 15, 2017, 03:19:46 PM
 #32

Awesome project, but why is the crowdsale lasting such a long time (3 months)?

This decision was chosen in order to give enough time for people to read about the currency here and to participate. While we would have preferred to hold a year long crowdsale like EOS, we also would like to start building AFRI in other ways through the bounty system beforehand, and the bounty system is funded by the crowdsale. So 3 months seemed like a good compromise to us.
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October 15, 2017, 03:33:10 PM
 #33

Trust project with best roadmap and good team.

I think i will inverting.

Thanks Dev!

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October 15, 2017, 03:40:35 PM
 #34

If the wallet is not released yet ("The wallet is not released yet, it the alpha wil be released in our Github repo on the 30th of November.") so when the tokens from 1st phase of sale that is ending on 20th November will be distributed?

"1st Phase of the crowdsale is now live

Specifics: 14th October 19:00 UTC - November 20th 19:00 UTC | Total Afri: 800 000 000 | Rate: 1 Afri = 0.0001 USD (cryptocurrency equivalent*)."



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October 15, 2017, 04:08:53 PM
 #35

If the wallet is not released yet ("The wallet is not released yet, it the alpha wil be released in our Github repo on the 30th of November.") so when the tokens from 1st phase of sale that is ending on 20th November will be distributed?

"1st Phase of the crowdsale is now live

Specifics: 14th October 19:00 UTC - November 20th 19:00 UTC | Total Afri: 800 000 000 | Rate: 1 Afri = 0.0001 USD (cryptocurrency equivalent*)."


The Afri from the first phase of the crowdsale is claimable once the wallet is released. Since the Afri is only claimable automatically in the wallet, and useable in the wallet, there is no other way to send users their Afri. Given that we are confident in our ability to finish the code in that timeline, this will not be an issue.

However, we have not excluded the possibility that there can always be unforeseen problems with the code (critical bugs that can affect the network), and we have discussed what to do if the wallet release needs postponing, in order to protect users' Afri. If such event occurrs, we will create an ERC20 token to distribute manually to users while we finish the wallet release. This ERC20 token could be added to exchanges and traded publicly while the wallet development is finished, and once the wallet is completed users could then exchange the ERC20 Afri token for the real DAG/PoS based Afri coin directly in the wallet.

So basically: we are working on finishing the wallet in time, but we have a backup plan should there be any problems.
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October 15, 2017, 04:16:40 PM
 #36

If the wallet is not released yet ("The wallet is not released yet, it the alpha wil be released in our Github repo on the 30th of November.") so when the tokens from 1st phase of sale that is ending on 20th November will be distributed?

"1st Phase of the crowdsale is now live

Specifics: 14th October 19:00 UTC - November 20th 19:00 UTC | Total Afri: 800 000 000 | Rate: 1 Afri = 0.0001 USD (cryptocurrency equivalent*)."


The Afri from the first phase of the crowdsale is claimable once the wallet is released. Since the Afri is only claimable automatically in the wallet, and useable in the wallet, there is no other way to send users their Afri. Given that we are confident in our ability to finish the code in that timeline, this will not be an issue.

However, we have not excluded the possibility that there can always be unforeseen problems with the code (critical bugs that can affect the network), and we have discussed what to do if the wallet release needs postponing, in order to protect users' Afri. If such event occurrs, we will create an ERC20 token to distribute manually to users while we finish the wallet release. This ERC20 token could be added to exchanges and traded publicly while the wallet development is finished, and once the wallet is completed users could then exchange the ERC20 Afri token for the real DAG/PoS based Afri coin directly in the wallet.

So basically: we are working on finishing the wallet in time, but we have a backup plan should there be any problems.

Thank you for that answer.
If i understand correct, if everything will be ok wallet will be released 30th of November and in this same moment coins from phase 1 of crowdsale will be distributed. If something with wallet will be wrong at 30th of November you will distribute token? Right?


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africryptocurrency (OP)
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October 15, 2017, 04:25:49 PM
 #37

Thank you for that answer.
If i understand correct, if everything will be ok wallet will be released 30th of November and in this same moment coins from phase 1 of crowdsale will be distributed. If something with wallet will be wrong at 30th of November you will distribute token? Right?

That is correct, yes.
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October 15, 2017, 04:54:35 PM
 #38

i agree that POS/DAG is a good solution for this problem! for aggresive government monetary
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October 15, 2017, 07:38:50 PM
 #39

Interesting ann! Waiting for wallet and news.
Good luck, dev Smiley
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October 16, 2017, 03:36:00 AM
Last edit: October 16, 2017, 03:50:45 AM by kamiyama
 #40

1 Afri = 0.0001 USD (cryptocurrency equivalent*)

(cryptocurrency equivalent*)
Which exchange's price is the base?
bitfinex?

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October 16, 2017, 04:16:24 AM
 #41

1 Afri = 0.0001 USD (cryptocurrency equivalent*)

(cryptocurrency equivalent*)
Which exchange's price is the base?
bitfinex?



I have the same question.
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October 16, 2017, 04:26:02 AM
 #42

Can i sent money from Bittrex Exchange to your wallet ?


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October 16, 2017, 05:30:09 AM
 #43

1 Afri = 0.0001 USD (cryptocurrency equivalent*)

(cryptocurrency equivalent*)
Which exchange's price is the base?
bitfinex?




I have the same question.

From the original post:

We define cryptocurrency equivalent as the rate of USD to your cryptocurrency of choice (bitcoin, ether, or litecoin) at the market value in Bitfinex exchange on the timestamp at which your transaction is received in the Afri crowdsale wallet, expressed in the equation: Claimable Afri = (USD rate of your cryptocurrency * number of cryptocurrency units sent) / equivalent crowdsale phase price. For example, if 1 BTC = $5000 when you send your bitcoin transaction, and you send 0.01 BTC during the first crowdsale phase, then you will receive 5000*0.01/0.0001 = 50 000 Afri.

If there is more funding than the initial valuation, we will have a proportional reward, wherein:

Claimable Afri = (Total Afri supply in the respective phase / USD rate of each cryptocurrency * number of cryptocurrency units sent) * (USD rate of your cryptocurrency * number of cryptocurrency units you have sent).
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October 16, 2017, 05:36:13 AM
 #44

Can i sent money from Bittrex Exchange to your wallet ?

Yes, you can send from any exchange, since we are storing on a cold storage wallet with multi-sig (each founder has a key).
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October 16, 2017, 05:51:31 AM
 #45

ICO, crowdsale, bonus... more and more ... with no real product from developers yet ... all is loans from users or "investors" ...
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October 16, 2017, 05:56:36 AM
 #46

P.S. We have been approached by some members asking for Afri before the crowdsale. We would like to be clear that no Afris will be sold outside of the crowdsale period or distributed in other way other than by the bounty system, so please stop asking. Thank you.
BTC address: 12sC3zQur5Sb2qTEyQKe2giyFvNCv8Kt8L
0 BTC

ETH address: 0x0ae45423800fc4f61962e650115faf8ef51c94c3
3.561307082 Ether

LTC address: LTok92KY3GE4zaYLgyojmkY9EsPBQaTQUb
0.0 LTC

Ummm....
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October 16, 2017, 07:23:34 AM
 #47

BTC address: 12sC3zQur5Sb2qTEyQKe2giyFvNCv8Kt8L
0 BTC

ETH address: 0x0ae45423800fc4f61962e650115faf8ef51c94c3
3.561307082 Ether

LTC address: LTok92KY3GE4zaYLgyojmkY9EsPBQaTQUb
0.0 LTC

Ummm....

As you can see by the transaction timestamp, this ether was sent after the crowdsale began on the 14th of October at 19:00 UTC
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October 16, 2017, 07:25:55 AM
 #48

Hi, I'm interested in designing a logo for this coin. Let me know how to proceed with this. You can check my service ANN thread here if interested,
Thanks.

https://bitcointalk.org/index.php?topic=2185853

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October 16, 2017, 08:36:48 AM
 #49

Hi, I'm interested in designing a logo for this coin. Let me know how to proceed with this. You can check my service ANN thread here if interested,
Thanks.

https://bitcointalk.org/index.php?topic=2185853

Hello, as you can see we have a current logo. If you want to create an alternative logo please place it in this thread and our Github repository (you can find the original logo vector file in our github as well). As we mentioned in the original post:

Quote
We will reserve 100 000 000 Afri + $10 000 from the crowdsale (divided in equal parts through bitcoin, ether, and litecoin) to reward a new logo design to replace our current one should a community vote with over 1000 votes decide on an alternative logo.

So only after we have an established community with over 1000 members will there be a vote on replacing the existing logo, and if your proposal is the one that is accepted will you be elligible for the bounty reward. It may take some months until all these conditions are met.

Make sure you read our original post in detail so you can get some inspiration for a new design if you still want to participate.
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October 21, 2017, 01:10:03 PM
 #50

While I doubt you'll make a dent in the African political and monetary system (at least in the short term), I do support the existence of alternatives, and bitcoin's slow transaction times or IOTA's centralization isn't gonna cut it

Whether there will be any political impact or not remains to be seen. But there should at least be an alternative available for those willing to bypass the current system.
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October 31, 2017, 09:54:39 AM
 #51

Due to personal reasons completely unrelated to politics this project will be abandoned. We would like the two users who have sent us btc and eth to contact us ASAP so we can return the funds by giving you the private keys.

Thank you everyone for having watched this project and asking questions.

BR, Lueji, Abdirrahim, Hassan
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October 31, 2017, 09:57:07 AM
 #52

Where can I find wallet?
do you provide any airdrop??
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October 31, 2017, 10:00:15 AM
 #53

PM'd

"We will create a civilization of the Mind in Cyberspace. May it be more humane and fair than the world your governments have made before." - A Declaration of the Independence of Cyberspace. John Perry Barlow. Davos, Switzerland. February 8, 1996
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October 31, 2017, 01:06:54 PM
 #54

I can confirm I have received my funds back via private key

"We will create a civilization of the Mind in Cyberspace. May it be more humane and fair than the world your governments have made before." - A Declaration of the Independence of Cyberspace. John Perry Barlow. Davos, Switzerland. February 8, 1996
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