Megatech helps solve Africa’s and the world’s energy problems, by utilizing blockchain technology, MGT provides token holders with financial rewards on solar fields owned by the company. The first field, called project Beta, is a 60MW solar farm and will include 100MWh of state-of-the-art storage technology to ensure maximum profitability and the opportunity to sell green renewable energy at peak rates to blue-chip listed entities; that have already signed commitments for offtake.
In addition, 40% of financial benefits from the current project and any future pipeline projects will go to the MGT(PTY) LTD custodian business. The fiduciary director independent manages the MGT(PTY) LTD for token holders that participate in the performance-staking program.
The Yellow Card
Justin Poiroux and Chris Maurice founded Yellow Card in 2016. Their goal was to allow Africans, both at home and overseas, to use their local currencies via mobile money, bank transfers, or cash.
In Nigeria, the startup launched officially in 2019. It has more than 35,000 merchants. The company is said to have received over US$165,000,000 in cryptocurrency remittances alone in 2020. The startup also launched its South Africa operations and Botswana operations. It raised seed capital of $1.5m to start services in Kenyans Cameroon and Kenya.
You can instantly purchase and sell Bitcoins, Ethereum, or Tether with the Yellow Card at the most competitive rates and without any fees.
Founded in 2014, Stellar is an established blockchain network that aims to “bank the unbanked”. Africa is a particular beneficiary of this initiative, as many Africans do not have financial access.
Stellar wants to create an infrastructure in Africa to connect the people with the financial system. Stellar is already able to conduct fast, reliable and scaleable transactions. Stellar transactions take as little as 4-5 seconds, no matter where sender or recipient are located.