African Token Zynecoin Announces Official Website Launch in English, French and Japanese
A cryptocurrency designed to improve Africa's economic standing, the Zynecoin token supports African innovators and entrepreneurial ecosystems as well as humanitarian initiatives. With a built-in fee-split mining auto-allocation, the token guarantees that a percentage of the rewards is contributed directly to state treasury funds and NGOs.
"Africa was the birthplace of humanity. We want to return to Mother Africa, our source of sustenance,"
A Centralized System Lacking Transparency and Hindering Growth
Zynecoin's main focus is to solve the major obstacles that the African market is facing. Although Africa is a rich and bountiful continent that possesses huge potential, this is likely to remain untapped if current conditions do not change.
The centralization of monetary systems has led to a serious lack of funding for startups, not to mention the high risk perception with regards to both lending to and investing in African entrepreneurs. The continent's large informal economy has also resulted in pervasive tax evasions. All of these have led to a general aversion to funding African startups and innovative entrepreneurs struggle amidst such negating circumstances.
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Zynecoin Solution: A Three-Pronged Approach
Through a three-fold approach, Zynecoin, its blockchain protocol WETHIO and its incubation center, Zynecoin Academy, have been established to work collectively and support economic development, drive technological innovation and improve Africa's market standing throughout the continent.
As a cryptocurrency, Zynecoin overcomes borders and can reach out to global investors. Powered on its own Blockchain WETHIO in a decentralized ecosystem, Zynecoin's innovative model improves transparency, security and enables smoother cross-border transactions.
The word 'Wethio' means 'exchange' in Wolof as the African blockchain is a protocol that is globally accessible. WETHIO also incentivizes collaborative PoS (Proof of Stake) mining in the hopes of encouraging widespread adoption amongst miners everywhere.
Simon Delmas, Zynecoin.io
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Cecilia Wong, yourPRstrategist.com