As countries across the globe begin to adopt crypto into their financial systems, the continent of Africa is anticipating the launch of a brand new crypto asset that will go live on November 3.
Afrostar aims to become the united digital asset of Africa. It is hoped that the asset will be trusted across the entire continent and that eventually, it will become one of the biggest cryptocurrencies in the world.
What is Afrostar?
The Afrostar project is a developer of online tools and dApps, designed specifically for crypto investors. The project will introduce a new cryptocurrency, a crypto trading exchange, a P2P exchange platform and its own NFT platform. This will all be available through an Afrostar app.
The project’s native coin is AFRO. It is hoped that the adoption of this coin will make it possible to trade between any Afro country and that Africans will be able to invest in the currency and the platform to generate returns.
The Afrostar blockchain will enable African citizens to create dApps and will make blockchain-based services readily available across Africa.
A spokesperson for the project has said, ““We are proud to announce the revolutionary Afrostar platform to be launched in three phases. The African continent is the future leader of the world, and we want to do our bit to make it possible.”
The three phases of the Afrostar project include:
- Phase 1: Launching the Afrostar crypto token
- Phase 2: Launching the AFRO coin and blockchain
- Phase 3: The exchange and NFT platform will begin to operate
Will Afrostar be a success?
The native coin of Afrostar, AFRO, has a recent daily trading volume of over $2 million- according to data from CoinGecko.
The development of the Afrostar project comes at a time when Africa sits in the top 3 ranks for crypto adoption across the globe. The digital currency market in Africa is one of the fastest growing in the world and the new project will offer a range of highly desired features to Africans.
At the beginning of development, there were already 0.5 million potential Afrostar customers. The team behind the project are highly experienced with decades of business experiences and have already launched a strong marketing campaign that has boosted interest in the project.
Can anyone invest in Afrostar?
While the Afrostar project has a strong African focus, people around the globe will be able to use the app and invest into the Afrostar token. The more people that use the app, the higher the price of the token will be.
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