The Afrocoin Vision
Our Vision: Democratizing Bullion Investment
Our Why
The invention of decentralized systems like blockchain represents more than just technological advancement. It has made possible the practical implementation of social theories that were previously purely theoretical. Through fractional ownership and tokenization, we're breaking down the traditional barriers that have long restricted access to precious metal investments.
At Afrocoin, we haven't adopted blockchain simply because it's an emerging technology. Rather, we embrace it because we believe in its core principles of decentralization and trustless architecture. By combining these principles with our Bancor contract system, we're creating a future where bullion investment is both secure and accessible to all.
Our vision extends beyond just providing a trading platform - we're building an ecosystem where smaller investors can participate equally alongside traditional market players, while maintaining the fundamental value proposition of bullion as a store of value. This is what we mean by true financial inclusion.
Tokenization and Blockchain
Our Bancor process transforms physical precious metals into digital tokens that represent direct ownership shares. Unlike speculative cryptocurrencies, Afrocoin tokens are 100% backed by physical precious metals. Here's how it works: The Afrocoin minter, equipped with AI and advanced image processing, captures detailed photographs of the physical metals. These images and metadata are then submitted to independent blockchain verifier network implementated in hyperledger. Once authenticity is confirmed, smart contracts mint the corresponding tokens. Regular audits are conducted to ensure ongoing compliance and asset protection. For more technical details, please refer to the Afrocoin white paper.
Bancor process flow
Our robust security framework ensures asset integrity through:
- Creation of 3D asset images and documentation verification
- Digital processing and unique hash generation
- Blockchain-based verification network
- RFID tagging with tamper-evident technology
This comprehensive system is supported by regular third-party audits and multi-party verification requirements to maintain the highest standards of security and trust.