The Digital Bank of Africa (DBA)

What Is The Digital Bank of Africa?

DBA Network is a crypto blockchain network of DafriBank Limited. The organization overss the management of DafriBank’s crypto blockchain related projects such as its governance token DBA, DeFi project and DafriExchange. The DafriBank is a Division of DafriGroup PLC.

DafriBank: Also known as The Digital Bank of Africa, is a borderless digital bank specifically built as an electronic payment gateway system and will provide financial services and inclusion to the African market. It will provide all of the traditional banking services and much more.

DafriExchange: DafriExchange is set to become one of Africa’s most loved cryptocurrrency derivatives exchanges with its jaw-dropping low fee.

DafriTechnologies: DafriTechnonogies is dedicated to developing world-class software solutions in response to different challenges in the tech industry.

DafriEstate: DafriEstate Ltd will be the first indigenous African real estate company that will accept cryptocurrencies including DBA tokens for its services. DafriEstate recently celebrated its first multimillion-rand mega acquisition located in the South African province of Mpumalanga, a 5600 square meters of vacant land.

OMAHA Hotels: This hospitality subsidiary of DafriGroup PLC. is the first luxury hotel chain in Africa to accept cryptocurrency.

Royal IVY: is a leading African premier lifestyle brand focusing on top-grade quality human hair extension and will expand to other services including spa treatment, skincare, weight loss program, etc.

DafriAir: DafriAir is a soon to be launched futuristic crypto-friendly airline that will offer travellers the opportunity to pay for trips using popular cryptocurrencies including DBA tokens. It will also explore other blockchain-based solutions to airline services.

The Digital Bank of Africa Unique Features

The project will also expand to have a wallet, Crypto Exchange, and other use-cases. The DafriBank is set to offer DeFi (Decentralized Finance) through Native Token (DBA), allowing holders the opportunity to earn higher returns on their assets.

DafriBank Limited has one of the most useful, advanced, and robust digital banking system designed to be a gateway to many platforms and businesses, empowering people from all walks of life to embrace the technological revolution of Blockchain and invest in cryptocurrencies. Contained within the DBA network are the DafriWallets and DafriExchange with its highly sophisticated trading engines and advanced dashboard as well as other important use-cases. By targeting the untapped, high potential demographics for their inclusion in the Cryptocurrency market, our goal is to become one of the most diverse banking solutions and digitized businesses for everyone. We aim to achieve this through DBA token powered DafriBank that will provide regular digital banking services that fully embraces a blockchain solution.

Roadmap

Q4 2019

·  Idea Conception

·  Define market segments

·  Estimation of development cost

Q1-Q2 2020

·  Project feasibility

·  Preliminary Research

·  Team structuring

·  Business Development and Logistics

·  First Investor Donations to the tune of $5 million

·  Legal processes

Q3 2020

·  DafriBank Digital Banking system development

·  DafriExchange Web & Mobile App development

·  Development of DafriPay

·  DafriEstate expansion and land acquisition

Q4 2020

·  DafriExchange open for public trading

·  DBA Token Internal sales month 1 begins.

·  DafriBank Digital Banking system pre-registration begins

·  The development of the DeFi application begins

Q1- Q3 2021

·  DBA Token Internal sales end.

·  Listing of DBA on Tier 1 exchange platforms.

·  Launch of DafriBank iOS Mobile App

·  Start of DafriBank 1 million customer campaign begins.

·  Development of DafriNative Wallet with DApp Integration

·  OMAHA hotel Mthatha open for bookings

·  DafriBank final testing and release to the public

·  Release of DafriPay for public use

Q4 2021

·  DafriBank ATM card rollout

·  Integration of DeFi Lending Protocol to Dafri network

·  End of vesting period and commencement of 3% monthly token release to investors

·  OMAHA hotel Limpopo open for bookings

·  The development of acquired landed properties begins

Q1- Q4 2022

·  DafriBank commercial banking license application submission to CBN with N25 billion down payment. DafriBank Nigeria headquarters construction begins

·  DBA adopted as the main currency across all DafriNetwork

Q1 – Q4 2023

·  The launch of DafriChain, The expansion of OMAHA Hotels into West Africa

·  Preliminary Research of DafriBlockchain University of Africa (DBUA) begins

·  Preliminary Research of DafriPrivate Hospital begins.

·  The establishment of DafriSport Academy in 3 major African football countries., token burn

·  The process of establishing DafriAir begins

The Digital Bank of Africa Token Economy

TBA

Detailed Token Metrics

Token Distribution

Token Sales

Our much-awaited Token sales will take place over 7 months beginning in February 2021 and concluding in September 2021 with 10 million tokens allocated for sale each month. We have adopted a unique token sales model that ensures equal opportunity for every class of investors from low-income investors to wealthy investors with no one having an unfair advantage.

In our token sales model, each investor’s funds as specified in the designated application form will be spread across the 7 months duration of the token sales. This implies that each investor is mandated to buy the same dollars-worth of DBA tokens for 7 months at the different price points. Investors can opt to pay in full for the 7 months or commit to a part payment made monthly. The price point for each month is shown below:

Month 1 — → $ 0.01 token

Month 2 — → $ 0.02 /token

Month 3 — → $ 0.04/ token

Month 4 — → $ 0.08/ token

Month 5 — → $ 0.16/ token

Month 6 — → $ 0.32/ token

Month 7 — → $ 0.64/ token

In addition to the application form, all prospective investors will be required to undergo a whitelisting process that includes KYC (Know Your Customer) and AML (Anti Money Laundering) and fulfil other criteria we deem necessary.

Token Distribution

Starting at the beginning of the token sales, all purchased DBA tokens will be locked in a smart contract and remain unavailable for transfer, withdrawal, selling, purchasing, or swapping for 13 months which concludes 6 months after the end of our private sales.

Subsequently, the DBA smart contract system will commence a gradual token distribution with a 3% monthly release of an Investor’s total allocation distributed over 33 months. During the lock-up period, investors will be able to view their total purchased token and total monthly allocation on their dashboard on the DBA platform. Once token distribution commences, every investor will have the option of accumulating the tokens in his DBA wallet or using the tokens at his/her discretion. Additionally, an investor can move the available funds in the DBA wallet to our DeFi system to earn profits.

Token Release Schedule

Updating…

Partners & Advisors

Team Members