All You Need to Know About #KureCoin Hub, the First Ever African Cryptobank
Kurecoin is a decentralized cryptocurrency built with proof of stake algorithm (PoS) offering the entire cryptocurrency community a seamless and secured mode of transactions for investors within the KureCoinHUB ecosystem and other major exchanges and also solve the challenges experienced by cryptocurrency users globally such as trading and exchange.
Being a self-service banking platform based on the Ethereum blockchain, it is currently the biggest cryptocurrency project in Africa.
— KureCoin (@CryptoKure) February 10, 2018
KureCoin, according to founder Tega Abikure was created as a much easier way to buy and sell thereby helping Africans rise above the poverty line.
Targeted at usage by even the average African, Kurecoin is aimed at using the Blockchain technologies to solve problems such as access to capital by creating a system of No collateral loans using your crypto assets; making use of the influence of easy transactions and exchange of bitcoin, Naira or other local fiat currency.
— Adegoke Pamilerin (@thepamilerin) February 12, 2018
Still on the Pre-ICO(initial coin offering stage) with just 12 days left before the sales end. After which, it will move onto the ICO(Initial coin offering) phase.
It also has plans to improve the Hub on its map with Post ICO, Distribution of Token, Listing on Major Exchange, web wallet launch and also its own Kure Blockchain(Smart contract).
On the ICO, Tega Abikure said,
“As an investor, my primary need is to get my money to work for me. An ICO offers the public that opportunity. This is a revolutionary ICO aimed at solving the problem of liquidating your bitcoin in order to access cash denominated in local or fiat currencies. We wanted to solve real a world problem, not just try to reinvent finance away from the traditional banking system.”
KureCoinHub has also restricted the maximum number of subscribers at the Pre-ICO to a limited number of people in order to provide an individual approach and maximum security for all the available resources. The maximum amount for crowd-sale has also be fixed for 60 000 ETH.
— KureCoin (@CryptoKure) February 8, 2018
The team believes this is what is needed to release a finished product backed by good marketing, legal organization and community management. KureCoinHub is also trying to tackle the global perception that Africans are fraudulent in nature with this move.
“We want Africans to know they can trust Africans; we want the world to know that there are African men who can be trusted. Our company is based in Lagos, Nigeria. We are always on all media platforms speaking to people about the need to do the right thing. ICO scam is not exclusive to Africa, it happens on every continent”, said Abikure.
If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.
Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.