Afri Union Coin

About Afri Union Coin

AUC users can freely purchase and use AUC coins, which will be a new common digital currency in Africa, and Afri Nation Token (ANT), which can be exchanged with AUC at a fixed rate, through exchanges and AUC Wallet. Using AUC remittance service, however, sending money can be done anywhere anytime using mobile devices with a much lower fee.

Exchange's Key currency Feature and Dividend Policy

Basic Benefit Governance

AUC EcoPlayer

An AUC EcoPlayer is anyone that has an account with AfriHub. Users with a Diamond account will be liable for the AUC Rebate Transaction Reward Program.

AUC Rebate Transaction Reward Program

The AUC Rebate Transaction Reward Program is a way for active AUC traders to receive a portion of their transaction fees as a rebate in the form of free AUC.

Effects

Tiering system

An EcoPlayer will have the ability to upgrade their account up to 4 tiers (Silver, Gold, Platinum, Diamond). Where Silver is automatically held for just opening an account with AfriHub, Gold unlocks greater monthly limits after provision of additional personal documentation, Platinum removes transaction limits after providing full KYC and personal information and Diamond allows for the AUC Rebate Transaction Rewards after maintaining a monthly minimum of AUC transactions.

Ecoplayer Rebate

If an EcoPlayer has achieved a Diamond account status then ultimately all AUC trades will be at a reduced overall fee as a portion of the total fee paid will be refunded in AUC to the EcoPlayer.

AUC Rebate Transaction Reward Program

The AUC Rebate Transaction Reward Program functions in the sense that the more a user trades AUC with AfriHub the more real value they retain overall. Simply put, the more transactions conducted the more free AUC will be received as rewards.

What will it do?

Payment

AUC has its own AUC-WALLET, a mobile-based application, which can store every ANT issued in Africa and other digital assets. Users can download the application on their mobile devices. AUC-WALLET is provided with enhanced security and convenience features to allow users to easily buy ANT and make online and offline payments with it.

Remittance

If a sender who doesn’t reside in Africa wants to transfer money to Africa, he or she has to personally buy AUC from exchanges using AUC-WALLET. If both a sender and a recipient reside in Africa but in different countries, the sender has to exchange the ANT of his or her country to the AUC before sending it to the recipient. The sent AUC will be exchanged to an ANT of the recipient’s country and given to the recipient.

Exchange

Exchanges will be established in five African countries starting from South Africa in order to use and expand the usage of AUC and ANT. Offline exchanges as well as online ones will be opened across Africa to embrace users who were previously excluded from financial services. It will fundamentally improve the quality of life of African residents who hadn’t benefitted from financial services.

Exchanges

Exchanges will be established in five African countries starting from South Africa in order to use and expand the usage of AUC and ANT. Offline exchanges as well as online ones will be opened across Africa to embrace users who were previously excluded from financial services. It will fundamentally improve the quality of life of African residents who hadn’t benefitted from financial services.

Media

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Distribution

Distribution

Sale
50%
Reserve
20%
Core
17%
Bounty
13%

Budget plan

Business infrastructure
45%
Development
30%
Operations & Marketing
25%

Founder

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Block A 1st Floor, Edenburg Terraces, 348 Rivonia Blvd, Rivonia 2128 Johannesburg - South Africa

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