The Top 3 African Blockchain Projects
October 06 2022 - 12:46AM
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Megatech Megatech helps solve Africa’s and the world’s energy
problems, by utilizing blockchain technology, MGT provides token
holders with financial rewards on solar fields owned by the
company. The first field, called project Beta, is a 60MW solar
farm and will include 100MWh of state-of-the-art storage technology
to ensure maximum profitability and the opportunity to sell green
renewable energy at peak rates to blue-chip listed entities; that
have already signed commitments for offtake. Furthermore, 40% of
all financial gains realized from this project and future pipeline
projects will vest in the MGT (PTY) LTD custodian company which
fiduciary directors independently manage on behalf of the token
holders who participate in the performance staking program. Yellow
Card Yellow Card was founded in 2016 by Chris Maurice and Justin
Poiroux with the idea of enabling Africans at home and abroad to
buy and sell cryptocurrency using their local currency via bank
transfer, cash, and mobile money. The startup was officially
launched in 2019 in Nigeria where it has over 35,000 merchants and
was said to have processed more than US$165 million in crypto
remittances in 2020 alone. That same year, it expanded operations
to South Africa and Botswana and raised $1.5m seed funding to
launch its services in Kenya and Cameroon. Yellow Card is the
easiest way to buy and sell Bitcoin, Ethereum and Tether instantly
at the best rates with zero fees. Stellar Founded in 2014, Stellar
is an established blockchain network that aims to “bank the
unbanked”. This is especially important in Africa, where citizens
still do not have access to core banking and financial services.
This is why Stellar is looking to build an infrastructure
throughout Africa that will connect people to the financial system.
With that said, Stellar already has the network in place to
facilitate fast, efficient and scalable transactions. For example,
irrespective of where the sender and receiver are located, Stellar
transactions often take less than 4-5 seconds to confirm
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