XinFin Introduces TradeFinex in Africa, Will Announce ICO Soon

Jayanand Sagar | August 12, 2017 | 10:34 pm

XinFin Introduces TradeFinex in Africa, Will Announce ICO Soon

Jayanand Sagar | August 12, 2017 | 10:34 pm

XinFin, the Ethereum driven permissioned Blockchain network has announced the successful completion of its Africa awareness drive. Held across three nations — Botswana, Zambia, and Kenya, the drive was focused on familiarizing buyers, sellers, and financiers to the new TradeFinex platform.

The awareness drive and the following announcement about the launch of Internet of Things (IoT) projects were made in the latest press release. According to the release, the event at Botswana went on from 28th June until July 5th, 2017, while the Zambia program went on from 18th to 23rd July and the one in Kenya from 31 July to 1st August 2017.

The Africa Community Manager, Afrikanus Kofi Akosah Adusei was quoted in the releases stating,

“Infrastructure deficit in Africa is over 90 Billion dollars annually, and it has a lot to do with inefficiencies in trade and finance practices. Also, the fact that global trade and financing is still a loosely connected process tied to several risks. XinFin’s XDC token is a community driven digital asset designed to hedge risks in global trade and finance. Our upcoming TradeFinex platform will see a great participation from businesses in Africa.”

The company’s IoT projects are set to be implemented across Asia. One of the projects, as stated by XinFin includes the solar power plant in India. The project will be using the XDC platform to trade generated energy back to the grid. In addition to the solar project, the platform is also working on implementing IoT enabled transaction for garbage handling machines.

In the same release, the Head of Marketing at XinFin Alex Mathbeck said,

“We wish to make XinFin a fundamentally driven business platform that enhances the value and has real products to offer around the time of its ICO, which will be announced in a short while.”

With the ICO dates yet to be announced, Alex has mentioned that all the proceeds from the crowdsale will be used to fund its revolutionary projects while meeting all the required regulatory requirements.

Early bird investors can gain exclusive access to the XDC tokens much before the ICO. Those participating in the pre-sale and crowdsale can do so by using XinFin ewallet.

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