TE Markets, a multi-faceted agency geared in the direction of altering the way forward for Africa for the higher has launched an ICO for its XTEMCoin. However is it actually going to do what it claims? Let’s take a look on the coin and what it presents.
Not Simply One other Coin
The world has been gripped in crypto fever for some years now. From an obscure techno fad to a full-blown economical and monetary revolution, digital tokens have shaken the very basis of conventional monies. The recognition has risen to an unprecedented degree in Africa and at this time, there are literally thousands of cash circulating available in the market. Inside this sea, the XTEMCoin differentiates itself by not being simply one other token, however the token.
The coin is being utilized in a number of completely different points, the foremost being the African Consolidated Alternate (ACEX) the place it’ll symbolize completely different monetary devices and subsequently, have precise worth. Not solely that, however the token may also be utilized in different TE Markets ventures, as defined by the CEO, Ian Mvula,
“Not like different cash, XTEMCoin isn’t just going to be a unadorned cryptocurrency however somewhat could have actual intrinsic worth as it is going to be synthetically listed to outlined commodities exchanges, Indices, Shares, Foreign exchange Cryptocurrencies and likewise benefit from the full credit score and may of T.E Markets Restricted and its varied tasks.”
XTEMCoin Use Circumstances
The XTEMCoin just isn’t an remoted token by TE Markets, nevertheless it ties into the a number of companies that the corporate represents:
The one-stop trade being constructed by TE Markets might be a pan African and multi-asset platform that may enable folks to purchase and promote shares, ETFs, bonds, foreign exchange, cryptos and commodities. The XTEMCoin might be used to create a single base asset in order that completely different monies and restricted liquidity may be prevented as soon as and for all.
A mineral and useful resource mining agency of TE Markets, it has already made nice advances in offers with a number of African nations. Staking XTEMCoin in Purple Planet will give buyers the power to earn income similar to dividends.
Actual property is a high-profit market nevertheless it requires some cautious investing. TE Properties is knowledgeable agency that individuals can faucet into by XTEMCoin and revel in larger revenue margins but profit from tax-efficient investments.
SMEs have at all times been excessive flyers however brief on money. TE Capital is a VC agency that invests in numerous organizations and startups that may revolutionize the business. Backed by the deflationary XTEMCoin, TE Capital can fund these and XTEMCoin holders can benefit from the tremendous progress income.
Africa has one of many highest charges for fiat remittance and that is the place the TPGS is available in to supply a streamlined, environment friendly technique to ship a reimbursement to family members in Africa. It’s collaborating with varied retailers to develop the attain of XTEMCoin to each nook of the continent.
Leveraging the facility of XTEMCoin as a cryptocurrency, TE Mirco Funding will accomplice with varied micro banking providers to supply low-income folks an opportunity to start out their very own companies and obtain monetary freedom.
Agent of Change
Africa’s economic system is on the restoration with estimates of a 3.1% GDP progress. The continent is an untapped potential of riches and these can solely be realized if an environment friendly system exists exterior the political and bureaucratic system. Happily, the XTEMCoin is simply the proper reply.
Based mostly on the environment friendly and quick Binance Sensible Chain, the deflationary token additionally leverages DeFi and presents completely different staking providers and a charges distribution of ACEX, providing larger income and on the similar time unifying the folks of Africa.
Picture by D Mz from Pixabay