AFRIDEX EXCHANGE: A VIRTUAL CONSORTIUM FOR BLOCKCHAIN PROJECTS IN AFRICA & BEYOND

AFRIDEX Techlabs Ltd
3 min readFeb 14, 2022

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April 2021 witnessed the birth of the Afridex Project. Our journey to the Afridex dream was conceived from a crypto telegram Community group founded by Oluwatosin Gbenga.

Lit by a desire to deploy a community-based Exchange and proffer solutions to the practical challenges within the crypto industry, Afridex is set to defy the hydra-headed challenges facing tokenization and listing of Africa-based blockchain projects in global Exchange platforms with a view to providing a veritable platform where blockchain products and start-ups in Africa can easily be tokenized and listed.

The landmark in our journey to the Afridex dream attained fruition following the successful raise of $63,000 from members of the telegram community. The process proved to be exciting, so we continued.

After 6 months of working with our technical team and partners to deploy the Afridex Exchange, we surmounted impending challenges and are finally set to launch the Afridex Exchange, a one-stop tokenized Exchange for products and start-ups.

BEYOND THE HORIZON OF A P2P PLATFORM

Afridex Exchange will emerge as the first in Africa to list the number of cryptocurrencies it currently has being Bitcoin, USDT, BNB & ETH. Possessing the capacity to list all ERC-20 and BEP-20 tokens, our market differentiation features include:

  • The first virtual consortium for Africa-based blockchain start-ups, products, and businesses
  • Highly affordable listing charges as an incentive to encourage start-ups to come to the blockchain mainstream
  • A Next of Kin function that guarantees transfer of crypto assets to registered next of kin
  • Multilingual crypto transaction function
  • High-security architecture.

Others will include spot trading as well as providing affordable transactional charges. Having a great deal of impact to be made, that’s not all.

WHY DID WE BUILD THE AFRIDEX EXCHANGE?

The towering limitations on African blockchain products, start-ups, and businesses as it relates to their inability to get listed on global Exchange platforms spurred the Afridex Exchange dream; one that envisaged the creation of a platform for the tokenization of products and startups by ensuring that Africa-based projects are easily listed. Our Exchange will come to be a frontline in determining the credibility of an African project for investment purposes.

WHAT ARE $AFDT TOKENS?

$AFDT is the Afridex governance token. Other than the obvious price appreciation angle, other reasons you should hold the AFRIDEX token include:

  • There would be a 50% discount on transaction fees for users who use the AFDT token to pay their transaction fees
  • The AFRIDEX exchange would host launchpads, IDO’s and IGO’s for innovative, disruptive, and groundbreaking new projects, and only holders of the $AFDT token would be able to participate in these product launch events.
  • $AFDT holders would have access to a portion of the profits from the AFRIDEX exchange in the form of dividends distributed to token holders in proportion to their holdings
  • $AFDT holders would also be able to have a say in the affairs and the strategic direction of the AFRIDEX ecosystem through the governance structure
  • $AFDT holders would also be eligible to earn various airdrops, bonuses, and giveaways provided by the AFRIDEX ecosystem.

To purchase $AFDT tokens, sign up via https://afridex.org/sign-up

INVESTMENT OPPORTUNITY WITH AFRIDEX

To meet our Twenty Thousand (20,000) active users target, we are raising Five Hundred Thousand Dollars ($500,000). As such, we’re open to investment funding. To invest with Afridex, you can forward a mail to investment@afridex.io or contact us on Twitter.

We’re eager to explore the potential of the Afridex dream with you. Come, let’s build the future of finance together!

Exchange is LIVE via https://www.afridex.io/

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AFRIDEX Techlabs Ltd

A Defi Blockchain Company, using decentralized solutions to revolutionize finance in Africa.