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Amazonia is a self-declared state consisting of the English-speaking portions of Cameroon. These Cameroonian separatists have previously launched their cryptocurrency called AmbaCoin. And a recent report by an African local media indicates that they are selling AmbaCoin as a substitute for the CFA franc (a name of two coins backed by the French treasure that is used in parts through the countries of Western and Central Africa).
AmbaCoin to dissociate the ambassador from the CFA
Here is the official statement by Frank Enoanyi Abange, who appeared as the director of the Ambacoin project and resides in the US state of Ohio. He says that ambazonia is independent; we can not pursue a French colonial currency. Frank explains it;
"AmbaCoin's idea was to get away from the CFA – we do not see the CFA franc as a legitimate currency for Ambazonia"
Previously, Coingape reported that the official sale of Ambacoin Crypto tokens was scheduled for December 24, 2018. The token was further offered for sale in exchange for 25 cents. However, the token seemed to have passed pre-sales and 30,000 tokens were issued on the first day of 2019.
An anonymous group of South Cameroon launches AmbaCoin Criptovaluta#Cameroon #Cryptocurrency https://t.co/2KXAA21ZOv
– CoinGape (@CoinGapeMedia) December 12, 2018
Funding of humanitarian aid through AmbaCoin
AmbaCoin aims to provide humanitarian aid to those affected by the conflict in the English-speaking regions, raising up to 250 million US dollars. The idea behind the development of one's currency is to dissociate the ambassador from the Central African Franc (CFA) and to start the "Amazonian" economy.
AmbaCoin is a decentralized public blockchain and cryptocurrency for the New Nation Ambazonia. The ICO AMBA is a government bond contract supported by rich natural resources in the territory and a policy of repurchase by the Treasury, a post-independent ambassador supported by all the political parties in Ambazonia.
Interested fans in AmbaCoin can simply visit the dashboard on their official website and are free to use Crypto or fiat to purchase AmbaCoin. Once the user completes a transaction, it will be transformed into an Ethereum digital wallet, as the currency is based on the Ethereum ERC-20 token. Furthermore, the transactions will be completed through the "Ethereum intelligent contract".
In addition to the Federal Republic of Ambazonia, there are several countries that focus intensively on their digital currency. Likewise, Venezuela was often in the bulletin with the exaggeration of its token & # 39 ;, Iran is advancing to create a national cryptocurrency supported by Rial and other nations including Tunisia , Senegal and many others are in line.
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Cameroonian separatists to dissociate from the CFA, selling AmbaCoin with a new concept for replacement
Description
Cameroon The English-speaking is the determined separatists who are seeking independent recognition of the independent state that has previously launched its own cryptocurrency called AmbaCoin. And a recent report by an African local media indicates that they are selling the crypt of AmbaCoin as the replacement of the CFA France (a name of two coins guaranteed by the French treasure to be used in parts through the countries of Western and Central Africa).
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tabassum
Publisher name
Coingape
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