Table of Contents
1. Abstract
AfriX (AFX) is a revolutionary digital currency designed specifically for Africa's growing digital economy. Built on principles of accessibility, transparency, and community empowerment, AfriX provides a decentralized platform for peer-to-peer transactions, fair mining opportunities, and financial inclusion across the continent. With a fixed supply of 1,000,000 AFX tokens and an accessible mining system, AfriX aims to democratize digital finance in Africa.
2. Introduction
Africa's digital economy is experiencing unprecedented growth, yet millions remain excluded from traditional financial systems. AfriX addresses this gap by providing an accessible, transparent, and secure digital currency that empowers individuals to participate in the global digital economy.
Our platform combines three core pillars:
- Accessible Mining: Fair distribution through time-based mining
- P2P Marketplace: Direct peer-to-peer trading with local payment methods
- Community Growth: Platform that rewards user adoption and participation
3. Tokenomics
Total Supply
1,000,000 AFX
Mining Interval
5 Hours
Base Mining Rate
0.15 AFX
Mining Halving
Post-Halving Rate
The fixed supply of 1,000,000 AFX ensures scarcity and value preservation. As the supply depletes through mining, the remaining tokens become increasingly valuable, incentivizing early adoption and long-term holding.
4. Mining System
AfriX employs a time-based mining system that rewards consistent participation rather than computational power, making it accessible to everyone regardless of technical capabilities or resources.
Mining Mechanics
- Base Reward: 0.15 AFX every 5 hours
- Halving Event: Post-halving reward of 0.1 AFX
- Fair Distribution: Time-based rewards for consistent participation
The mining system encourages long-term participation and community growth through accessible participation mechanisms.
5. P2P Marketplace
The AfriX P2P marketplace enables direct transactions between users without intermediaries, supporting local payment methods and ensuring liquidity across the platform.
Key Features
- Support for M-Pesa, Airtel Money, and bank transfers
- Escrow protection for secure transactions
- Rating system for trust and reputation
- Flexible pricing based on market dynamics
- Real-time trade matching and notifications
6. Security & Privacy
Security is paramount in the AfriX ecosystem. We employ industry-standard practices and cutting-edge technologies to protect user assets and data.
Security Measures
- Row-Level Security (RLS) on all database tables
- Encrypted authentication with Supabase
- Escrow protection for P2P trades
- Rate limiting and abuse prevention
- Regular security audits and updates
7. Future Development
AfriX is committed to continuous innovation and expansion. Our development roadmap includes enhanced features, strategic partnerships, and broader ecosystem integration.
View Full Roadmap →Ready to Join AfriX?
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