What is
ZIMBOCASH?
ZIMBOCASH is sound money for the nation of Zimbabwe.
Zimbabwe is a country in Africa that is entering its second hyperinflation. With rampant money printing, prices are rising, stores are emptying and people are desperate for an answer.
ZIMBOCASH is the solution. It’s a cryptocurrency system where the supply of money is fixed. All Zimbabweans who sign up are allocated with ZIMBOCASH and are incentivised to make transactions.
ZIMBOCASH is going viral in a country with 17 million citizens. We are establishing an on-the-ground network of people making payments in day to day trade, with reference to a listed market price.
In a world where most countries are printing money on a large scale, ZIMBOCASH is demonstrating another way. With sound money, we can see Zimbabwe's fortunes transformed.
ZIMBOCASH (known in short form as ZASH) is a decentralised currency for Zimbabwe. Our broader goal is to establish a decentralised currency that is fixed in supply but available to all Zimbabweans. Zimbabwe is a country in Southern Africa that has an extremely weak currency and banking system – having suffered in hyperinflation and economic malaise. We want to see the economy of Zimbabwe transformed with sound money. The goal is for trust to be restored in the money and banking system. ZIMBOCASH is based on a decentralised blockchain – a revolutionary technology that enables a fixed supply of money and a reliable payments system. We have issued a total of 4.5 billion ZIMBOCASH tokens, built on the TRON decentralised platform. These tokens will only be allocated to Zimbabweans when they register. The amounts available for each subscriber halves every three months. If members introduce others, they can earn more. People from other countries will be able to purchase ZIMBOCASH on the secondary market on an exchange.
ABOUT ZIMBOCASH (ZASH)
TRON NETWORK decentralised platformThere are 4.5 billion ZASH tokens created on the TRON Network, using a TRC-10 smart contract. The Protocol uses a Distributed Proof of Stake (“DPOS”) algorithm for processing transactions. The algorithm enables fast, decentralized and cost-effective transactions that are scalable for an entire nation.
Bank-level security for Wallet InfrastructureOur online wallet infrastructure supports the Zimbabwean allocation process. Zimbabweans who join will be able to make transactions from this wallet infrastructure. Non-Zimbabweans can use the offline wallet infrastructure provided by the TRON Network. The online ZIMBOCASH wallet allows people to make payments to one another with multi-factor authentication.
SECONDARY EXCHANGE MARKETWhile the ZIMBOCASH team do not provide or guarantee any additional secondary market listings, large international cryptocurrency exchanges will be listing ZIMBOCASH given the huge network potential in Zimbabwe's economy. Keep posted on Coin Market Cap for further details.
ZIMBOCASH BLOCKCHAIN INFRASTRUCTURE The ZIMBOCASH blockchain is based on the latest cryptographically secure technology at the time of launch. Our goal is to provide a secure, decentralized and scalable token system. Our approach is to focus on developing a great User Experience on both the online wallet system and the decentralized token platform. Our goal is to scale the launch on the technology that best suits the stage of scaling we are in. We will initially start with TRONbased token. Depending on the analysis of the user metrics, we would then look to issue a primary blockchain that will enable mining to be paid for in ZIMBOCASH, and hence remove the need for a third party switching of decentralized hosting fees. Why TRON? The TRON protocol is one of the largest blockchain operating systems worldwide. It is highly scalable, has high throughput, and is able to support a wide range of decentralized applications in its ecosystem.
The TRON Network has the capacity to clear 2 000 transactions per second. It uses a Delegated Proof-of-Stake (DPoS) consensus algorithm in which 27 super representative (SRs) produce blocks for the network. TRON provides users with 25 free transactions per day. TRON has recently issued BTT tokens to the entire 100 million BitTorrent subscriber base. This provides a great example of a scalable token that has a wide user-base which can facilitate transactions at scale. In contrast with many other proof-of-work cryptocurrencies, TRON is scalable, fast, and cheap. In contrast to other proof-of-stake cryptocurrencies, TRON does not charge an account creation fee, which is a key consideration in establishing a viral national movement. Further details can be found at
https://tron.network/static/doc/white_paper_v_2_0.pdf Rather than adopt an inflation model to pay for block processing fees, the total number of ZIMBOCASH coins will be fixed and rather a transaction fee model will be implemented by a transaction fee of 0.3%
THE ZIMBOCASH TENANTS
ZIMBOCASH has the power to be the solution to Zimbabwe’s money problems and to be a force of real wealth creation for an entire nation. We are excited to be creating the future and, in the process, to restore to Zimbabweans what has been lost. ZIMBOCASH IS RESTORING WEALTH We are restoring the wealth of people
ZIMBOCASH is capitalizing on the power of the network of Zimbabweans coming together to create wealth.
RESTORING TRUSTZIMBOCASH is a trusted decentralized fixed-base currency and banking system. It is based on the best practice, next-generation, cryptocurrency technology. No longer is Zimbabwe money subject to devaluation because of money printing. Zimbabweans have the freedom to transfer ZIMBOCASH to others locally and internationally.
RESTORING INTERNATIONAL PAYMENTS With international exchanges, ZIMBOCASH is a means for freely making international payments – with conversion into well-known cryptocurrencies.
RESTORING ZIMBABWEAN PRIDE ZIMBOCASH is a uniquely Zimbabwean brand.
ZIMBOCASH is only issued directly to Zimbabweans. People from other nations will need to purchase it directly from Zimbabweans on the exchange.
ZIMBOCASH restores Zimbabwean sense of dignity.
RESTORING ZIMBABWE IN GLOBAL LEADERSHIP We believe ZIMBOCASH has the ability to pioneer a movement for sound-money across the nations. No other country in the world can successfully implement a localized cryptocurrency. The ZIMBOCASH cryptocurrency has the capacity to catapult Zimbabwe as a global leader in cryptocurrency banking and finance
MEDIA & PUBLICATIONS :VIDEO CNBC Video Interview:
https://www.cnbcafrica.com/videos/2019/03/04/how-blockchain-can-be-used-to-fix-zims-currency-woes/SABC News Video Interview:
KykNet Video Interview:
ARTICLES :BRAND NEW (May2020):
https://cointelegraph.com/news/inflation-busting-cryptocurrency-zimbocash-receives-listing-on-bithumbhttps://ayo.news/2020/05/22/zimbocash-bithumb/https://allafrica.com/stories/202005220060.htmlPREVIOUS:
https://cryptobriefing.com/zimbocash-digital-currency-zimbabwe-hyperinflation/https://cryptobriefing.com/zimbocash-digital-currency-zimbabwe-hyperinflation/https://africablockchainmedia.com/news/zimbocash-determined-to-bring-alternative-money-to-zimbabwe/2020/02/12/https://www.techzim.co.zw/2020/05/zimbocash-lists-cryptocurrency-token-sets-sights-on-the-crumbling-zw/PODCASTS :Spotify:
https://open.spotify.com/episode/2LQPgwfTalzMnCiYg1mQ72TechCentral:
https://techcentral.co.za/behind-zimbocash-the-cryptocurrency-its-backers-hope-will-help-save-zimbabwe/87951/
Topic: [ANN] ZIMBOCASH - The first on-the-ground cryptocurrency network for a nation (Read 446 times)