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.

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:


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.

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

Yes, you can send from any exchange, since we are storing on a cold storage wallet with multi-sig (each founder has a key).

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).

That is correct, yes.

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.

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.

We have already disclosed the core code contributors in the interest of transparency. You can find them in the original post.

We don't understand the nature of this request, what is the purpose?

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.

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

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.

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.

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.

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.

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.

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.

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.