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Saturday, 15 December 2018

Southern Cameroonians (Ambazonia) Launches AmbaCoin CrytoCurrency

One AmbaCoin which is worth $25 cents and 140 CFA.
The anglophone technocrats and swift developers are on the go to launch the first Crytocurrency AmbaCoin in west and Central Africa. The cryptocurrency is said to be built by a group of separatists of the "Federal Republic of Ambazonia" or Southern Cameroona who are striving a new nation in Africa.

The Federal Republic of Ambazonia is a region in Africa which is self-proclaimed by Anglophone Cameroonians. These separatists are striving Southern Cameroonians who want international recognition as Africa's newest nation.

AmbaCoin - Africa's New Cryptocurrency For Ambazonia And The World

Quartz Africa recently pinpoint that the pre-sale for AmbaCoin has already been conducted until November 10, 2018 and out of the 100,000,000 tokens, almost 20082 cryto bonds of AmbaCoin has been distributed. Following the sale, its public offering is scheduled to organize on December, 24, 2018.
During the presale, one AmbaCoin is valued at $25 cent (140 CFA franc). Just like other tokens, AmbaCoin is an ERC20 crypto token, built on Ethereum blockchain. Furthermore, the developers sees more potential in AmbaCoin and ensure it is built with features like confidentiality, transparency and low cost transaction cost.

Chris Anu the Secretary for the Federal Republic of Ambazonia posted a sample of cryptocurrency bond on his social media wall "We are getting there folks".

The Cameroon's English speaking secessionists are planning to create a local fiat currency. AmbaCoin website says that such traditional fiat will be used to back the new cryptocurrency, AmbaCoin.

The aim behind the AmbaCoin in Ambazonia is to access the resources and wealth within the region by using AmbaCoin bond than the Francophone-led government CFA. With this mission, developers created the crypto bond of their new token in order to raise capital and increase "Ambazonia" economy.

AmbaCoin Dev Team said "A good number of Ambazonians in the diaspora and stakeholders who want to see a prosperous Ambazonia are unable to help provide direct foreign investment to the governing council".

If exchanges are made with the CFA and the AmbaCoin is sold very high in a different country, there will be a possibility that an economic crisis will hit Cameroon's economy. Note that AmbaCoin like bitcoin, Ethereum, Litcoin, Lumen, BitcoinCash, e.t.c ... use the internet technology where no one can stop its functioning.

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