Project Aims and Milestones

For our Coin Afriq to be a success, we have developed key aims to not only secure the long-term success of our cryptocurrency, but also provide Return of Investment to backs, and focus on scalability, growth, robustness and marketability.

1. Cultivate a community

Most digital currencies when launching require an enthusiastic and dedicated community that actively wants to see the project thrive and to participate in it as full members.

At present, we have already started to link our website and our mobile app to social media to leverage the power of the internet. By creating organic interest for Africans interested in web3, decentralized finance and digital currency, we can ensure a strong backing when launch date is reached. We will ensure a constant social media presence to ensure we connect with ordinary users who want to access digital finance. So far, we have started to target traditional social media platforms (Facebook, Instagram), in addition to those heavily involved in the crypto community (X, Telegram) as well as newer decentralized
social media sites such BlueSky.

2. Robust Market Strategy

While our website is already structured well to support search engine crawlers, we will be enhancing our Search Engine Optimization via quality inbound and outbound links, sitemaps, submissions to major search engines (Google and Bing) and using a set budget per month for advertising via Google, Meta, Bing and X using targeted advertising and payper-click strategies to ensure constant views on our webpage.

We are also adding email subscriptions via MailChimp on our website and app so users can be updated as the project progresses.

Once we have received our minimum require funding, we will grow our grassroots community backing via targeted advertising by the addition of dedicated digital asset marketers and organizations.

We will also continue to generate offline community interest by engaging in word of mouth and networking to ensure there is continuous support of this new venture.

3. Investing in User Education and User Experience

While at present our whitepaper, business plan and a basic “How It Works” guide exists, this might be somewhat technical for new users or users less technologically adept.

We wish to provide a dedicated section to walk users through the experience of signing-up, buying, selling and trading Coin Afriq, in addition to a guide for those to learn how to stake for validation.

Initially we will focus on using infographics, text and highlights, but will expand to including video as our funding grows for providing rich media.

We plan to make our website and mobile application easy to register with, verify and trade. Our website will feature a simple buying and selling section (similar to Bitcoin.org), where users who just want to transact can do so in their browser after signing up for their wallet (either our own Imali Digital Wallet or another wallet provider) using a third-party API that is
easy to integrate.

On our mobile application, we wish to offer the same simplicity, but with the benefits of staking included. We are building our mobile application to be cross-platform and cross
device with support for computers and their operating systems (Windows, macOS, Linux) and mobile phones (Android, iOS) using one codebase, removing the necessity for repeating code. To do this, we are using a cross-platform Rust and JavaScript framework
called Tauri v2. The benefits of this are that the application can be coded once and compile natively, saving development time. Because this automatically syncs to established software versioning pipelines like GitHub, we can ensure Continuous
Integration/Continuous Development.

4. Building Trust and Security

Cryptocurrencies are by their nature volatile, as initially they are not backed by tangible assets, nor centralized institutions such as states, central banks, etc. This can lead to skepticism towards entry, in addition to being a new technology.

To mitigate this, we wish to do our utmost to keep our liquid by binding our project to real life projects (such as the Africa Speed Rail project) and assets (such as precious metals and minerals).

By investing in high-value assets with scarcity, we can ensure the bond put in by users will always be rewarded, preventing the coin from dropping lower than the amount we set-out.

While our security systems are state of the art using contemporary systems in regard to cryptography (public-key encryption such as ED25519 and SHA-3 hashing), a constant
threat is the Quantum Computer. While most networks are nearly immune from standard computing attacks, Quantum Computers pose a risk even to well established networks such as Bitcoin and Ethereum.

While the National Institute of Standards and Technology in the US has yet to publish their final candidate for Post-Quantum Cryptography (PQC), we have already started to look into
adapting our ecosystem to meet this challenge.

What we have proposed is a hybrid system, where our traditional Elliptical Curve security acts against traditional binary computers, while protecting against quantum attacks using
PQS cryptography. We have decided to use a mix of CRYSTALS-Dilithium and our current Elliptical Curve cryptography (ED25519) to utilize an Ed25519-Dilithium5 hybrid signature scheme. This has already been tested at Ed25519-Dilithium2 (hybrid signature scheme) using CIRCL.

5. Staying Ahead with Innovation and Adapting

While indeed there are many existing blockchain systems, including the two most popular ones like Bitcoin and Ethereum, both do have drawbacks.

Bitcoin is or all intents and purposes only a blockchain for cryptocurrency. It does not lead to further innovation on its network. Validation is only done via solving complex
mathematical puzzles with no real-world value (Proof of Work). This often requires highly specialized equipment (ASIC machines) or many expensive high-end computers. In addition, Bitcoin is environmentally wasteful, generating electricity usage that is higher than some countries. This is a huge problem in Africa which is a developing region and already plagued by high electricity costs and frequent blackouts.

Ethereum is revolutionary, in that it allows the development of Decentralized Applications (dAPPs), Smart Contracts and the ability to generate new tokens, both fungible and non-fungible. Many new cryptocurrencies are actually on the Ethereum network. The problem with Ethereum is that it has a high entry barrier which is outside the purview of
most people in developing countries. This is especially true for validators wishing to stake their crypto-asset bonds in order to participate on the network. The stake-only metric is also a factor towards centralization, which not only can lead to validators having undue influence on Ethereum, but also creates a risk of a 51% attack, leading to network vulnerabilities.

A more pressing issue is that while neither Bitcoin nor Ethereum have ever been hacked, both use outdated security algorithms for traditional binary computers that can be hacked. Worse, both have yet to make a proposal for PQC as the threat of Quantum
Computing becomes ever more apparent.

Our system is, like Ethereum, not only a blockchain, but also an ecosystem featuring capabilities towards Fungible Tokens, Non-Fungible Tokens, Decentralized Applications, Smart Contracts and more. Where we differ is that our system has a much lower barrier for entry, in addition to ensuring a more democratic, fair and decentralized system for digital finance.

Where we differ from both is that we have already started to research and implement PQC technology, while being fully Byzantine Fault Tolerant. We are, unlike Bitcoin, not
vulnerable to Sybil Attacks or 51% attacks due to not relying on Proof of Work (PoW) consensus. Due to our use of smart contracts and a natively Byzantine Fault Tolerant
framework (Hyperledger), we are far more secure from attacks in comparison to existing leading blockchains and ecosystems.

Conclusion

To accomplish our present goals and provide a fully working Minimal Viable Product (MVP) we are actively looking for investors and backers for our venture. We plan to make this a Return on Investment (ROI) for funders that will be paid back over a 5
month period. In addition, we will also add coins to the value of the investment that willlead to a higher ROI as the coin is traded on various exchanges and markets.

We are also ready for investors who are keen on this project to buy-in and be part of our organization. We have available 10% of our company shares. We are setting the buy-in price to be R1 000 000.00 per share. We wish not only to attract investors who want to join us on this exciting project but also work with them and leverage our technology with their experience and knowledge.

We heartily thank you for taking the time to read this page.