DBA is a local token of DafriBank Limited, the new pioneering digital bank based in Africa. The Digital Bank of Africa Project is an online banking project and transactions will be done with local tokens (DBA). The project will expand its spread by also having a wallet, Crypto Exchange and other use cases. DafriBank aims to provide decentralized finance through Native Token (DBA) and plans to offer its holders the opportunity to earn a higher return on their assets.
DafriBank Limited is aimed to be a gateway to many platforms and businesses in its design. It has many advanced and renewed features such as usability, advanced and robust digital banking systems. It also has highly sophisticated trading engines and an advanced dashboard. There are also other important use cases, DafriWallets and DafriExchange. Digital Bank of Africa has set out to make unused but high-potential demographics one of the most diverse banking solutions and digitized businesses for all. DBA token – backed DafriBank, which will provide digital banking services, is fully embracing a blockchain solution and with it they plan to achieve their goals.
The DBA Network
DBA Network is a crypto blockchain network owned by Dafri Bank Limited. The company deals with the management of projects of crypto blockchains such as DBA tokens, DeFi project and Dafri Exchange. The DBA Network plans to make more disclosures to its network, including new members and partners.
Dafri Exchange strives to become one of Africa’s most popular cryptocurrency derivatives exchanges at an affordable price. Dafri Exchange plans to become one of the affordable crypto currency exchanges in the same way.
DafriEstate Ltd is poised to become the first indigenous African real estate company prepared to accept DBA tokens and all other cryptocurrencies for its services. DafriEstate recently celebrated its first multimillion-rand mega acquisition located in the South African state of Mpumalanga.
Information About DBA Token
DBA tokens are launched through a Security Token Offering, with 70 million tokens going on sale on November 2, 2020. The total supply of DBA tokens is 100 million and its circulating supply is 10 million. February 2021 Active ICO Price is $ 0.01. DBA token with a current price of $ 0.02 and a high current market value contributes to significant developments in the fields of Digital Banking, Central Stock Exchange, Hoteliers, Media and Real Land.
What the company targets in 2019 presenting the concept of idea, define market segments, estimating development cost has been performed successfully.
In the second quarter of 2020, developments such as project feasibility, preliminary research, team building, business development and logistics, initial investor donations of $ 5 million were made.
In the third quarter of 2020, DafriBank Digital Banking system, DafriExchange Web and Mobile Application, DafriPay was developed and DafriEstate was expanded by purchasing land. With the 4th quarter of 2020, DafriExchange is open to trade publicly. In addition, DBA Token sales, DafriBank Digital Banking system pre-registration and development of the DeFi application started.
In the first half of 2021, the DBA Token sale has ended. DBA Token listed in Tier 1 charts. The DafriBank iOS Mobile Application was launched and the DafriBank 1 million customer campaign was launched. DafriNative Wallet ‘was developed with DApp Integration and OMAHA Hotel Mthatha started to take reservations. Also, DafriBank was made public and Public use of DafriPay has been liberalized.
The goals planned for the end of 2021 include distribution of DafriBank ATM cards, integration of the DeFi Lending Protocol into the Dafri network, and a monthly 3% token distribution to investors.
Currently, the overall planning for 2022 includes the submission of the DafriBank commercial banking license application to CBN with a down payment of N 25 billion and the start of construction of DafriBank Nigeria headquarters. Also, the DBA Token will be accepted as the main currency in the entire DafriNetwork.
The DBA’s plans are ready for 2023 today. The plans started with the launch of DafriChain, the opening of OMAHA Hotels to West Africa, the start of the Preliminary Study of the DafriBlockchain African University (DBUA), the start of the Preliminary Study of the DafriPrivate Hospital, the establishment of the DafriSport Academy in 3 major African football countries, and it continues with the process of establishing DafriAir.