Understanding Afrocoin (AFR)

Learn about fractional ownership of precious metal coins

What is Afrocoin (AFR)?

Afrocoin (AFR) represents a 1% ownership share in physical bullion assets, specifically precious metal coins. Each AFR token is backed by and directly linked to real precious metal coins through smart contracts.

For example, if an investor holds 10 AFR tokens of a Kruggerand 1oz gold coin, they effectively own 10% of that physical gold coin. This ownership is secured and verified through smart contract.

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Creating New Afrocoins

What is Minting?

Minting is the process of creating new Afrocoins. Each digital Afrocoin is backed by real, physical precious metals, ensuring genuine value behind every token.

minting

How It Works:

  1. 1
    Physical Verification

    Trusted dealers submit physical precious metals for verification

  2. 2
    Digital Processing

    Assets are digitized using advanced imaging and security protocols

  3. 3
    Token Creation

    Smart contracts mint AFR tokens, creating a secure digital representation

Want to learn more? Check out our detailed guide on the Afrocoin vision.

How to Buy Afrocoin

Afrocoin tokens are ERC1155 tokens created through our secure Bancor process. You can easily purchase these tokens using our decentralized liquidity pools, which enable community-driven pricing and fair market access.

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Purchase Process

  1. 1
    Create Account

    Sign up or sign in to your existing account

  2. 2
    Select Token

    Choose your desired Afrocoin token

  3. 3
    Payment Method
    • • ERC20 Tokens: Use supported tokens from your wallet
    • • ZAR: Purchase through our payment gateway (converts to USDC)
    • • AFR: Trade using your existing Afrocoin tokens
  4. 4
    Complete Purchase

    Enter amount, review quote, and confirm transaction

Want to understand our pricing? Check out our detailed guide on Afrocoin pricing.

Key Benefits

Fractional Ownership

Own a portion of precious metal coins

Blockchain Verification

Secure and verifiable ownership

Easy Transfer

Simple ownership transfer process

Transparent Tracking

Clear view of underlying assets

Lower Entry Barrier

More accessible precious metal investment

Smart Contracts

Automated and secure transactions

Knowledge Check

Question 1 of 5

What percentage of ownership does one Afrocoin (AFR) token represent in a physical bullion asset?

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