Press Release

The need for data security, legitimization and authentication of important aspects of Africa’s economy, demography and system cannot be over-emphasized. It is true that in Africa, potential industries are prone to certain shortcomings, such as dishonest transactions, and are in dire need of new ways to plug the loopholes thereby increasing general productivity. 

In light of the above, Afen exists. Afen is a solution to problems of three key sectors within the African Continent namely: real estate, arts and education.

Real estate 

In this sector, Afen has identified the rigors in the exchange of properties between seller and buyer. The increase in activity of intermediaries, issues of documentation authenticity and other complexities heavily affecting the industry will become a thing of the past with Afen pioneering the integration of blockchain technology to solve these problems. Details are provided in the company’s white paper

Arts

African art has gone through several unfavorable phases in the course of its history. In recent times, the industry has been faced with newer problems affecting contemporary African artists. Afen’s infusion of blockchain technology with art will help African artists and their artwork transfer digital ownership of original art creations, which will in turn increase the value of African art. Afen has created a platform for artists to upload and sell their art in the form of nonfungible tokens on the Binance smart chain. This will provide an available marketplace with access to a wider range of art lovers, opening the African art market to credible investors. 

More details are found in the company’s white paper.

Education

Africa continues to showcase unprecedented interest in technology with a focus on cryptocurrency, which is recognizable through statistics of crypto transactions. Afen recognizes the potential that this holds for the future. This insight accounts for Afen’s decision to contribute to the growth by empowering students with an interest in the adequate learning tools and environment to pursue a career in blockchain technology. The awards upon completion will be transferred as NFTs. 

Details can be found in the company’s white paper.

Afen is set to achieve these through government backing, having secured an endorsement letter from the Nigerian Tourism Development Corporation. The Afen community continues to grow with over 5,000 followers on Twitter and other community members on Telegram. 

Successful token sale

Afen’s public sale on the Julswap platform saw a huge buy-in on April 20, selling out in less than five minutes after it opened. The initial DEX offering began at 10:00 a.m. UTC. The public sale took place two days after the private sale. Afen revealed via its communication channels that it had outdone itself in the private sale as well.

The Afen token boasts unique utilities:

  • Staking and staking rewards over time. 
  • Cashback for Afen token holders on transactions ranging from 1% to 2% returns. 
  • Discounted fees on NFT payments using the Afen tokens.
  • Educational incentives.
  • Discount on fees for real estate listings on Afen.
  • Referral tokens to be shared for each person referred. 

Afen secures another government endorsement

Right after successfully selling out the Afen token in less than five minutes, Afen secured another government endorsement from the Plateau State Information and Communication Technology Development Agency by the Plateau state government in Nigeria, joining the endorsement by the Nigerian Tourism Development Corporation. Afen’s chain of endorsements reaffirms the company as the first government-backed NFT project. 

To keep up with Afen, follow us and join our communities on our social media. 

Twitter: https://twitter.com/Afenblockchain?s=09

Telegram: t.me/afenblockchain

Website: https://afengroup.com

White paper:  https://afengroup.com/whitepaper/

Instagram: https://instagram.com/afenblockchain

Telegram announcements: t.me/afenupdates

This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

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