TE Markets, a diversified company focused on improving the future of Africa, has launched an ICO for its XTEMCoin. But will he really do what he says? Let's take a look at the token and the functions it provides.
More than just another coin
The world has been in a crypto boom for several years. From little-known technological fads to full-scale economic and financial revolutions, digital tokens have shaken the foundation of traditional currencies. Today, its popularity in Africa has reached an unprecedented level. , There are thousands of coins circulating in the market. In this ocean, XTEMCoin is different in that it is not just another token, but a token.
There are several different ways of using coins, mainly the African United Exchange (ACEX), which will represent various financial instruments and therefore have real value. In addition, the token will also be used in other TE Markets businesses, CEO Jan Mwula explained:
"Unlike other coins, XTEMCoin is not only a pure cryptocurrency, it will also have real intrinsic value, because it will be comprehensively indexed on certain commodity exchanges, indexes, stocks, and foreign exchange cryptocurrencies, and it will also enjoy TE The full reputation and power of Markets Limited. and her various projects".
Examples of using XTEMCoin
XTEMCoin is not a separate token of TE Markets, but it is associated with several businesses represented by the company:
Universal Exchange, created by TE Markets, will be a multi-asset pan-African platform that allows people to buy and sell stocks, ETFs, bonds, foreign exchange, cryptocurrencies, and commodities. XTEMCoin will be used to create a single underlying asset in order to avoid currency differences and limited liquidity once and for all.
Red planet - TE, a mining and resource extraction company. On the market side, he has made considerable progress in dealing with several African countries. Betting on XTEMCoin on the Red Planet will give investors the opportunity to generate profits in the same way as dividends.
TE attributes - Real estate is a lucrative market, but it requires careful investment. TE Properties is a professional company, and people can connect through XTEMCoin and get higher returns, but they can still benefit from tax-efficient investments.
Tai Chuang Capital - Small and medium-sized enterprises have been very successful, but they are short of money. TE Capital is a venture capital company that invests in various organizations and startups that have the potential to revolutionize the industry. With the support of deflationary XTEMCoin, TE Capital can provide them with funds, and XTEMCoin holders can benefit from the growth.
TE payment gateway - Africa is one of the countries with the highest wire transfer fees. This is where TPGS comes in. It provides an optimized and efficient way to send money to relatives in Africa. The company has cooperated with various merchants to expand the reach of XTEMCoin to all corners of the African continent.
TE Small Grant - Using XTEMCoin as the power of cryptocurrency, TE Mirco Funding will cooperate with various micro-banking services to provide low-income people with opportunities for entrepreneurship and financial freedom.
The African economy is recovering, and GDP is expected to grow by 3.1%. The African continent has a wealth of untapped potential, which can only be realized if there is an effective system outside of the political and bureaucratic system. Fortunately, XTEMCoin is the correct answer.
Based on the efficient and fast Binance smart chain, deflation tokens also use DeFi, and provide a variety of ACEX betting and commission distribution services to bring African people together while providing higher returns.