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di November 24, 2021 0

DafriBank-The Multipurpose African Bank

DafriBank.

As blockchain and crypto expertise have been at the forefront of the next industrial revolution in recent times, Africa has made concerted efforts to ensure inclusion in the dialogue. As an African multipurpose financial institution with more than 1 million clients worldwide, DafriBank presents the venture of the African Digital Finance institution (DBA) and aims to make it Africa's number 1 digital currency.

Introducing DafriBank

DafriBank is an African multipurpose financial institution exploring immediate and higher-end options for saving, generating funds, handling buyer and corporate cash anytime, anywhere. Standard banks are finding it difficult to handle demand from trendy digital-focused companies, which has limited their progress. DafriBank overcomes this weakness by offering a typical digital banking company that may be fast, secure, and cost-effective. Its aim is to democratize monetary enterprises, bring individuals out of the spiral of the standard banking system, and encourage individuals and companies to stagnate and prosper in the international financial situation.

More than 1 million clients worldwide use DafriBank for similar purposes with no hidden fees, smooth security features, easy payments, and no delays. DafriBank supports personal accounts other than corporate accounts. Non-public financial savings accounts are accounts that serve clients' deposits towards monetary security and peace of mind, and corporate accounts help clients deal with their daily banking and special business needs such as investing, blocking free 3rd round transactions, financial saving purposes, and fast transactions worldwide.

DafriBank Aims for Africa's No.1 Crypto Bank

Statistics from Google Tendencies have revealed that African countries are all consistently ranked in the top 20 countries worldwide in cryptocurrency-related searches, demonstrating the huge potential of crypto in Africa.

But the reputation of the cryptocurrency and blockchain technology options in Africa while the laudable one leaves a lot to be desired. To encourage wider adoption of nascent technologies namely blockchain and cryptocurrencies, examples of extra progressive uses must be put forward to disrupt many additional industries.

DafriBank is a DBA, a cryptocurrency setup to realize its elite position as Africa's premier cryptocurrency due to the increasing variety of uses made specifically for Africans. DBA was specifically created to behave instead of foreign money used throughout the DafriBank ecosystem to help its customers take advantage of trendy instruments similar to blockchain and cryptocurrencies to streamline banking processes. The token was later adopted as a governance token for financial institutions. In addition to having a say in the future choices of financial institutions, buyers can vouch for a DBA and get curious.

Growing with agency perception

DafriBank has the agency's perception and dedication to providing an empowering, enabling, and accessible digital society, without leaving anyone behind. In this changing world, he seeks to absorb the traditions of connectivity, digital expertise, and relative products that can help close the digital divide. DafriBank also has a basic perception that there is energy in connectivity and digital companies to strengthen economic capabilities.

DafriBank (DBA) IEO Project 

This financial technology company is Africa's largest digital entrepreneur-focused bank and is the flagship brand of DafriGroup PLC, a publicly-traded company founded in South Africa, the UK, Botswana, Nigeria, and the Comoros Island.

DafriBank became the first bank in Africa to offer its business accounts a built-in Merchant API which has attracted global household names such as Bittrex Global, IQ Option, XM Global, Deriv LTD (formerly known as Binary.com) Exness Brokers, Globex360, FXCM Brokers, Fresh Forex, and ChainEX just to name a few.

We recently signed a strategic partnership agreement with one of the largest commercial banks in (Nigeria) to co-brand and offer MasterCard credit & Debit cards that can be used on a global scale. We have partnered with Circle, a global financial technology company, the second-largest USDC Stablecoin issuer, and are in the process of bringing Credit & Debit card payments into our system.

The DBA token is currently trading on CoinMarketCap at $11.5 per token with a diluted market cap of $1,144,957,338 with an ATH of $34.38 and a low of $10.49.

$DBA is built under the Binance Smart Chain Protocol (BEP20) to make it highly scalable for users. Smart contract address 0x1006ea3289b833b6720aaa82746990ec77de8c36

Token Details

 

IEO

Ticker

DBA

Latoken

Token Protocol

Other

Project Website

https://www.dafribank.com

ProBit

Project Industry

Commercial Bank

Token supply for session

1993131

P2PB2B

Token Price in USD

1.8 USD

Minimum Purchase Amount in Tokens

1 DBA

 

Minimum buy amount in contribution currencies

ü  0.00003143 BTC

ü  0.00041621 ETH

ü  1.8 USD

ü  5.33017471 XLM

ü  1.8 USDT

Legal

Registration country: South Africa

Office address: 35 Mozart Lane Midrand, Forte Complex, Johannesburg, South Africa, 1685

Digital Bank of Africa Roadmap

Q4 2019

ü  Idea Conception

ü  Define market segments

ü  Estimation of development cost

1.       Q1-Q2 2020

ü  Project feasibility

ü  Preliminary Research

ü  Team structuring

ü  Business Development and Logistics

ü  First Investor Donations to the tune of $5 million

ü  Legal processes

Q3 2020

ü  DafriBank Digital Banking system development

ü  DafriExchange Web & Mobile App development

ü  Development of DafriPay

ü  DafriEstate expansion and land acquisition

Q4 2020

ü  DafriExchange open for public trading

ü  DBA Token Internal sales month 1 begins.

ü  DafriBank Digital Banking system pre-registration begins

ü  The development of the DeFi application begins

Q1- Q3 2021

ü  DBA Token Internal sales end.

ü  Listing of DBA on Tier 1 exchange platforms.

ü  Launch of DafriBank iOS Mobile App

ü  Start of DafriBank 1 million customer campaign begins.

ü  Development of DafriNative Wallet with DApp Integration

ü  OMAHA hotel Mthatha open for bookings

ü  DafriBank final testing and release to the public

ü  Release of DafriPay for public use

Q4 2021

ü  DafriBank ATM card rollout

ü  Integration of DeFi Lending Protocol to Dafri network

ü  End of vesting period and commencement of 3% monthly token release to investors

ü  OMAHA hotel Limpopo open for bookings

ü  The development of acquired landed properties begins

2.       Q1- Q4 2022

ü  DafriBank commercial banking license application submission to CBN with N25 billion down payment. DafriBank Nigeria headquarters construction begins

ü  DBA adopted as the main currency across all DafriNetwork

Q1 - Q4 2023

ü  The launch of DafriChain, The expansion of OMAHA Hotels into West Africa

ü  Preliminary Research of DafriBlockchain University of Africa (DBUA) begins

ü  Preliminary Research of DafriPrivate Hospital begins.

ü  The establishment of DafriSport Academy in 3 major African football countries., token burn

ü  The process of establishing DafriAir begins

For more information about DafriBank, you can visit the official website. Some of the information we present is also sourced on the DafriBank website. You can check details about investing in DafriBank.

DafriBank [DBA]

DafriBank official website:

Ø  https://www.dafribank.com/

Ø  https://twitter.com/DafriBank?s=09

Ø  https://www.facebook.com/DafriBank/

Ø  https://t.me/DBATalk

Ø  https://www.instagram.com/dafribank/

Ø  https://www.linkedin.com/mwlite/company/dafribank-limited

Ø  https://www.dafribank.com/investor-relations


Author: 0x74042476676A95a5B13B515293cd37f979b07F82


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di August 14, 2020 0

Defi Burst: YAM Token Market Capitalization Drops Near Zero After Founder Claims He 'Failed'


Yield growers excited about the recent decentralized finance (DeFi) project, Yam Finance, got a rough resurgence after the token's value plunged to near zero. Developer Yam Finance discovered a major flaw in the rebasing contract and at 4 a.m. ET, co-founder Brock Elmore tweeted that he regrets having "failed."

On Wednesday, more than $ 500 million was funneled into the DeFi Yam Finance project. More than $ 120 million continued to flow after developers discovered a bug in the smart contract. After the bug announcement, the value of the YAM token dropped significantly as the token touched an all-time high of $ 167.66 per token. At the time of publication, tokens were only valued at $ 0.97 per YAM.

The token was launched on Tuesday and almost immediately a large amount of crypto was thrown onto the yield farming platform. The token is supposed to maintain its value in USD by using an elastic supply inspired by the Ampleforth DeFi project.

Many people complained that the codebase was not audited and raised flags for specific individuals in the community. The bugs found were terrible and resulted in additional YAM being printed during the rebasing period.

After the project developer realized the codebase couldn't be saved after trying to lock down 160,000 YAM, the developer found the smart contract was bullshit. In the early hours of the morning on Thursday, Yam Finance co-founder Brock Elmore tweeted about the situation. Elmore said:
"I'm sorry everyone. I failed. Thank you for the insane support today. I'm sick of sadness."
A number of well-known ETH supporters told Elmore the project was a good endeavor. "You're giving the community something unique to experiment with - thanks," tweeted Anthony Sassano.

The Yam Finance project is still one of the most trending conversations on social media and crypto-related forums. Crypto entrepreneur Bruce Fenton discussed the DeFi token situation on Thursday and said: "Your DeFi tokens are trash."

"They're not a good form of money," added Fenton. “You don't own the company. There is no right to income. There is no real income. The government is nothing without rights. Bullshit - often driven by the same comedians who got rich in ICOs. Few understand this. "

However, not everyone agrees with Fenton's observations regarding the DeFi token.
"There are no such corporate holdings as applicable to ANY utility token or 'coin currency'," Trustswap CEO Jeff Kirdeikis responded to Fenton's tweet. "You guard the gates of what 'has value' here by saying only security tokens have value? General. Owning BTC also doesn't give you ownership in the company or income… A lot of people understand this," added Kirdeikis.
Remember: Any information you read about YAM proposals or actions should be verified through posts by @yamfinance on Twitter and Medium. If and when we support other channels such as Discord, this post will be updated with the relevant links.
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di July 24, 2020 0

Build the Internet of Finance

Avalanche is an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains.

Avalanche Blockchain project raised $ 42 million in sales of public tokens

The Avalanche Blockchain project, spearheaded by computer science professor Cornell Emin Gün Sirer, raised $ 42 million in public token sales last week.

The amount was collected in less than 4.5 hours on July 15, AVA Labs announced on Wednesday. There are 72 million Avalanche tokens (AVAX) available for sale, and investors from 100 countries reach all of them. Some funds also come from Genesis Ethereum addresses.

"It's clear that the market really wants a project of this caliber," said John Wu, president of Ava Labs. "The success and speed of the Avalanche sale is a testament to the quality of our project and its impact on institutional finance and decentralization."

The funds have been collected by the Avalanche Foundation and its affiliates. AVAX tokens will be distributed to investors when the Avalanche mainnet is launched, which is expected to air at the end of August.

The token is not currently listed on any crypto exchange, but will be available for trading in the future, AVA Labs said.

The sale of public tokens brought the total amount of AVA funds to date to $ 60 million. Last month, the project raised $ 12 million in private token sales and previously raised $ 6 million from leading venture companies, including Andreessen Horowitz (a16z).

The AVA network claims to outperform Ethereum 2.0 when it is launched. Sirer recently told The Block that the network will be able to achieve not only a higher throughput (the number of transactions a network can process per second) but also lower latency (the time needed for a node to agree that a transaction is valid).

TOKEN SALE: 15 JUL – 15 JUL

Ticker : AVAX
Token type : OWN BLOCKCHAIN
ICO Token Price : 1 AVAX = 0.50 USD
Fundraising Goal : $9,450,000
Total Tokens : 720,000,000
Available for Token Sale: 4.72%

Warning! Digital Asset Trading is a high-risk activity. Digital Asset Prices are very volatile, where prices can change significantly over time. Please use extra consideration in making the decision to buy or sell Digital Assets. Coin Crypto Asia does not force users to buy or sell Digital Assets, as investments, or for profit. All Digital Asset trading decisions are independent decisions by users.
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di December 20, 2019 0

Alliance Data Systems Corporation


The Alliance Data Systems (ADS) Corporation appears to be in difficult waters because the company is plagued by high debt levels, rising operating costs, losses from the Epsilon divestment, a weak-performing Card Service segment, and others affecting the industry.

Within a year, the company had lost nearly 43% of its market capitalization, which now amounts to $ 5.1 billion. Over the years, this stock has fallen 26.9% from the value of industry growth of 44.1%. This stock price depreciation looks more serious considering the performance of other players, such as Visa Inc. V, Discover Financial Services DFS, and Mastercard Incorporated MA, which respectively jumped 40.6%, 46.6%, and 56.9%, at the same time frame.

What is Annoying Data Alliance?


After delivering solid performance in the past few years, the Card Services segment has held grim performances during the first nine months of 2019. Revenues from this segment have fallen due to high royalty payments to retailers associated with new clients. In fact, the company's Loyalty One segment has not been able to meet expectations lately due to a decrease in both the euro and the Canadian dollar relative to the US dollar and a decrease in revenue due to the outsourcing of additional prize inventory. During the first nine months of 2019, revenue from Card Services and Loyalty payments decreased by 1% and 6% from year to year.

The company has reported slow results. Adjusted net earnings per share missed Zacks Consensus Estimates in the last three quarters.

Data Alliance also faces challenges in the retail customer base, mainly because the credit card business is labeled private-dominant. The company has been serving mall-based traders for years. However, retailers are struggling because of fierce competition from online entities. Instead, the company penetrated new industries such as travel and beauty products.

This took a significant step in 2019, which unfortunately has a negative effect on its performance. For example, he sold the Epsilon business in July 2019, which is a marketing service company that provides end-to-end integrated marketing solutions. Revenue contributions from this segment represent 27% and 29% of total 2017 and 2018 revenues. This action only made the problem worse. Although this step has been taken by the company to focus on high-growth leads in the market and ROI Card-driving Services segment, it still remains a concern for the company.

In fact, Loyalty One business that has poor performance can also be divested to target business lines that are more profitable because it has provided a small synergy for the company.

For 2019, the company expects adjusted core EPS in the range of $ 16.75 - $ 17, the midpoint of showing a 3.5% decline from last year's reported figures. This projection is provided by the company after considering Epsilon divestment, anticipating Dutch tenders and reducing costs at the company's location.

The company has also experienced an increase in expenditure levels over the past few years due to higher operating costs and increased general and administrative costs. Total operating costs increased by 40.2% in the last five years. In the first nine months of 2019, operating costs rose 5.7% to $ 3.1 billion. Increased costs may weigh on company margins going forward.

Long-term debt from Alliance Data is also a concern, which has risen 43% in five years. As a result, interest expenses more than doubled in the same time period. The interest earned now stands at 2.3, far lower than the industry average of 23.3, which reflects its inefficiency to repay debt. The company has grappled with a high level of debt, which has led to greater financial risk.

With more than 60% of Canadian households collecting prize miles, the AIR MILES Prize Program strengthens its position as Canada's main coalition loyalty program. If the actual redemption by the AIR MILES Prize Program is more than expected or if there is an increase in costs associated with redeeming the AIR MILES prize miles, profitability is likely to be hit. In addition, the AIR MILES prize miles issued are directly proportional to the AIR MILES prize miles available for future redemption. This, in turn, might reduce income. AIR MILES issued fell 4.3% and 0.4% respectively in 2017 and 2018. In the first nine months of this year, the same thing dropped 0,2% year on year.

Corrective Steps Taken


The company has developed a cost reduction plan, which is expected to result in additional cost savings of more than $ 100 million for 2020.

Even though ADS has witnessed an increase in its retail base and although ADS has a big advantage over its label credit partners such as banks and the private sector, analysts are still worried. The new management team is turning the company into a technology-oriented private-enabled credit card company.

It has also formed alliances to strengthen portfolios and maintain customer loyalty. For example, it was chosen to provide a joint brand credit card service for Sony, which is likely to increase customer loyalty and increase digital engagement. In October, the company's card service business signed a long-term agreement with Lands' End to provide co-brand and private label credit card services.

Can the Stock Stage return by 2020?


The company's shares have lost 16% in the past three months, underperforming an industry increase of 3.6%.

The current year's scenario does not look encouraging for companies that currently have Zacks # 4 (Selling) Rating. Zacks Consensus estimates for 2019 revenue are likely to undergo a downward revision, showing a 25.6% decline from the figure reported the previous year. The consensus sign for revenue is expected to move 27.9% to the south in the same time period. In addition, the long-term growth rate is 11.7%, lower than the industry average of 13.7%.

Therefore, investors must wait and see how the stock prices in the coming months.
Resource: finance.yahoo.com

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