Why Silver Will Be The Greatest Transfer Of Wealth In Human History

A Must Watch Video

This is why AfriCoin Silver Cryptos is the most powerful investment in the world! We encourage you to purchase as many Silver Cryptos as possible! The time is almost here. Think about it, you have the opportunity to own an investment product that's a double winner. As the price of silver rises to $10,000 per Troy ounce, so does your spendable AFC.

Silver - A Days Pay

Watch This Video and learn how 1 tenth of a Troy ounce of SILVER is worth a day's pay.

Why You Want Cryptocurrency As Part Of Your Financial Holdings

The Original AfriCoin Is Coming Back

Greetings to you all!

AfriCoin was hacked 3 years ago and we are just getting our credentials back. If you see any other AfriCoin currencies out there, do not work with them. They are not the real thing! We are coming back with the AFC Watches as well as real AFC Silver coins. Please stay tuned, we are now coming back! The updated desktop AfriCoin Wallet is ready for download: CLICK HERE

AfriCoin Trading Guide

Introduction:

The AfriCoin Network has launched it's AFC trading site. The following information will express our trading goals and provide you with a step-by-step guide to getting setup and ready for trading.

Industry Issues:

By now most of you have heard about the Mt. Gox heist. You may also notice that new trading sites are entering the ring and boasting about their safe, sophisticated and secure trading technology. In the opinion of AfriCoin, the theft taking place in this new space, has nothing to do with secure technology. The problem at hand is plain and simple; site owners and employees working for the site owners can't help themselves.

In the world of fiat money, when a banking institution is robbed, there is FDIC insurance to recover your loss. Keep in mind, fiat money is printed by the government when they feel like it. With digital currency, there is no such recourse. The result, is you are responsible for the safe keeping of your digital coins.

Our AfriCoin trading site is a bare bones structure, designed with no bells and whistles. This was done on purpose. No one should become comfortable or feel safe and secure inside of any trading site. Get in, make your trades and get out.

With AfriCoin, we recommend a simple process. After your account is setup and your online wallet is created, the following should be the way you handle your transactions:

1. Plan your trading activity on paper before you transfer funds or coins to your account wallet.

2. Right before transferring coins to your account, make sure to generate a new wallet address. This should be done for each trading session.

3. Transfer your coins and execute your planned trades.

4. After completing your trades, immediately transfer your online wallet contents back to your personal desktop wallet.

Keep in mind that the steps listed above is for trading on the official AFC trading site.

AfriCoin trading concept and goal:

Acquire, hold and spend; sell in emergencies 

Acquire - Stage 1. The first step in making an investment in AfriCoin, is to acquire AFC. This can be done in three ways; purchasing via the AFC trading site with bitcoin, purchasing AFC via the AfriCoin Shopping Network and mining.

Hold - Stage 2. Cryptocurrency is a new innovation in computer science and software engineering. Just like early investors of IBM, Apple and Microsoft; you are betting on cryptocurrency becoming the biggest hit since the internet. When examining the Bitcoin block-chain,  its clear that many early adopters that still have their coins are now millionaires.

With AfriCoin, we are suggesting that you hold your investment as long as possible. Fiat currency is unsustainable and cryptocurrency is the wave of the future.

Spend -Stage 3 is where you begin to spend AFC on goods and services with participating merchants. Remember, once you reach this stage, you will want to achieve a favorable balance of trade. That means that you want to earn more AFC than you spend.

Sell - During the first two stages: acquire and hold; you only want to sell if you are in a state of emergency. Keep in mind the goal for AfriCoin is to establish a financial ecosystem. So be strong in holding your position. You want to "hold" until employers and merchants in your life, are paying with; and accepting AFC.

Strategic Investment Path - (SIP)
What we know is key:

• Supply
• Supply Rate
• Trading Cycle
• Starting Trade Value
• Investment Goal Agreement (IGA)

Supply - AfriCoin has a maximum coin production of 17 million AFC; to be minted over a 140 year period.

Supply Rate - AfriCoin AFC will be released on a scheduled basis. The initial phase of production is, 50 AFC released per every 10 minutes. For the sake of the 24 hour trading cycle, the initial supply rate is 7,200 AFC per day.

Trading Cycle - 24 hour day.

Starting Trade Value (STV) - After monitoring the cryptocurrency market, AfriCoin has carefully set the starting AFC trading price at $10 per AFC.

Investment Goal Agreement (IGA) - An IGA is a non-binding agreement between AfriCoin AFC investors and the AfriCoin Open Source Society (AOSS). IGA functions as an agreed upon stated plan of action; for acquiring, holding, spending and selling AFC; for the purpose of sound investing, designed to minimize the effects of value volatility.

Basics of Supply and Demand

With a supply rate of 7,200 coins per 24 hour trading cycle; an STV of $10; and, a demand of 7,200 coins within the trading cycle, means that the supply has met the demand. The result is that the trading price will stay at $10 per coin.

If the demand doubles in the next trading cycle, so will the trading price. The same would be true if the demand was cut in half; the trading price would drop down to $5 per coin.

So with AfriCoin, you now know that 7,200 is the number to base your trading decision on. Do you see in the future, that the demand for AFC will exceed this mark? If so, acquire your coins on a regular basis and hold. Your job during this stage is to acquire, hold and spread the word! The only way to reach and surpass 7,200 is that a lot of people have to know about it and get in. 

AfriCoin is a new cryptocurrency and part of the investment goal agreement, is to acquire AFC at the starting trade value and hold, hold, hold. Unless you're in a state of emergency, don't sell your AFC for less than the STV. The potential and possibility of acquiring AFC now and then 30 million people come in after you, is great! But first, we have to secure our bets.

Do to the new IRS rules and regulations, the AfriCoin trading platform will be unavailable until the 1st of May 2014. Both mining and trading of AFC or any cryptocurrency has been greatly effected by this legal development. AfriCoin Network want's to make sure that we all stay in complete legal compliance. CLICK ON THE LINK BELOW:

One of the most important question concerning taxation and cryptocurrency has been answered by the office of Associate Chief Counsel (Income Tax & Accounting).  

If you have any questions about our AFC trading process or view point, leave your posts below.

Thank you!

Return to AfriCoin.Info

AfriCoin Cryptos

21st Century Investment Product! An effective way of securing your investment in AfriCoin cryptocurrency, is to hedge your bet by backing your AFC with real .999 silver. The AfriCoin Open Source Society is proud to introduce:

AfriCoin Cryptos

AFC backed by real .999 silver rounds. AfriCoin Cryptos is, 1 AFC connected via a serial number to 1 Troy oz of .999 real silver rounds. This fine product can be secured in your safe or can be deposited into an IRA account. 

How Is This Possible?

Did you know that precious metals such as gold, silver, platinum and palladium are eligible to be placed into an IRA?

Not all silver and gold products can be placed in an IRA investment account, and it is important you know the requirements set by the Internal Revenue Service (IRS).

Below you can view some of the more popular silver products that are IRA approved: 

Approved IRA Silver Products:

• American Silver Eagle coins
• Australian Silver Kookaburra coins
• Austrian Silver Philharmonic coins 
• Canadian Silver Maple Leaf coins
• Mexican Silver Libertad coins, and
• Bars & Rounds with a purity of at least .999 fine Silver, produced by a manufacturer that is ISO 9000 Certified. (AfriCoin Cryptos is produced by an ISO 9000 Certified manufacturer).

AfriCoin Cryptos will be available for "pre-order" purchase by Tuesday, April 15th 2014. Check back here for updates and new information. Each Cryptos coin will include the silver spot price, manufacturing cost and AFC price.

Why AfriCoin Is Saying, "Silver Is The New Gold." 

Potentially The Greatest Investment In Human History!

If you have the stomach for it, the video below gives you the big picture of what we as humanity have created, developed and nurtured. We are now moving into the next evolutionary stage of financial systems. We as humans create with good intentions; however, we are soon compromised by our physical needs and psychological needs for power.

Survive The Financial Crisis Crash - Buy Vat-free / Vat-free Silver

If you have any questions, post them below and we will try and answer your questions to the best of our ability.

Return to AfriCoin.Info

SECTION 2. BACKGROUND

SECTION 2. BACKGROUND 

The Internal Revenue Service (IRS) is aware that “virtual currency” may be used to pay for goods or services, or held for investment. Virtual currency is a digital representation of value that functions as a medium of

exchange, a unit of account, and/or a store of value.

In some environments, it operates like “real” currency -- i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance -- but it does not have legal tender status in any jurisdiction.

Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as “convertible” virtual currency. Bitcoin is one example of a convertible virtual currency. Bitcoin can be digitally traded between users and can be purchased for, or exchanged into, U.S. dollars, Euros, and other real or virtual currencies. 

For a more comprehensive description of convertible virtual currencies to date, see Financial Crimes Enforcement Network (FinCEN) Guidance on

the Application of FinCEN’s Regulations to Persons Administering, Exchanging, or Using Virtual Currencies

(FIN-2013-G001, March 18, 2013).

Any questions or comments? Enter below:

Click here for SECTION 3 (not ready yet)

IRS Notice 2014-21

To get started, you should get your own copy of IRS Notice 2014-21. You can do that now by clicking here.

Now that you have your own copy, lets move forward with covering the Q&A. Each section will be posted and open for questions and feedback. AfriCoin will submit your questions to the right party listed in SECTION 5. DRAFTING INFORMATION. Once we receive the answers, they will be posted where the question was asked. There will be some of you that have a great deal of knowledge in this area. I say, move on to a section that's more interesting or stay and help others that need your input.

Notice 2014-21 

SECTION 1. PURPOSE

This notice describes how existing general tax principles apply to transactions using virtual currency. The notice provides this guidance in the form of answers to frequently asked questions.

There it is. Does anyone have any questions or comments about section 1? This is important stuff and it will be of great benefit to stay ahead of the curve.

Click here for SECTION 2. BACKGROUND

Return To AfriCoin.Info 

AfriCoin Wallet QT

 

 

Welcome to AfriCoin, the Open Source Society

 

AfriCoin QT (Desktop Digital Wallet)

The AfriCoin QT is a digital wallet and allows you to make financial transactions with other AfriCoin Society users. The AfriCoin wallet provides you with the ability to store your AFC and keep track of your balance, so that you can send and receive AfriCoin AFC. It's as easy as sending and receiving email. Before you get started, you will want to read some important information first. AfriCoin was developed from the cryptocurrency trail blazer, Bitcoin! 

Bitcoin is here to stay and AfriCoin leverages Bitcoin technology to provide its services. If you are new to cryptocurrency and have little to no knowledge of the program, click here to gain the important knowledge you will need. While you are learning about the Bitcoin wallet and  how it works, follow their steps, download the Bitcoin QT and install.

This is important because AfriCoin trading transactions are accomplished by trading Bitcoin for AfriCoin. By learning from the creators of Bitcoin, you will have no problem in comprehending AfriCoin.

If you are already versed in Bitcoin, you may click the link below to reach and download your AfriCoin QT wallet.

AfriCoin QT

Return to AfriCoin.Info

AfriCoin Source Code

 Welcome to AfriCoin, the Open Source Society

The AfriCoin developers used Bitcoin to create AfriCoin. Two years ago, a developer in Africa created the first form of AfriCoin and for whatever reason, did not complete it. Five month ago, the AfriCoin developers recreated new code for the coin and its now available.

We welcome you to join in on creating new applications for AfriCoin. Wallets, ATM machines, cold storage devices; whatever your heart desires and mind creates, we can't do it without you.

Immediate Needs:

• Wallet QT for the Mac
• Mining client for the Mac 
• Smart Phone wallet

 Click Here For AfriCoin Source Code

Back to AfriCoin.Info 

What Is AfriCoin?

AfriCoin is a peer-to-peer digital currency developed from an open-source code known as, "Bitcoin Technology." AfriCoin uses a technological protocol to manage payment transactions between users around the world. AfriCoin transactions take place online and operates with no central authority or banks. AfriCoin is open-source code and is available for developers to build and create peripheral applications.

• AfriCoin has a maximum of 17 million coins to be minted over a 140 year period.
• Decentralized ledger currency
• SHA-256 proof-of-work
• blocks every 10 min
• difficulty adjustment 2016 blocks
• Initial Reward 50 coins per block
• Market Cap: data not available yet
• Launch Date: November 3rd, 2013 

AfriCoin, LLC, is a company that serves as the administrative installation for AfriCoin digital currency. The AfriCoin payment system and digital currency (AFC) is open source; and is held and owned by it's users.

AfriCoin, LLC also serves as a brand for smart-phone cases, apparel, watches, jewelery, sun glasses, T-shirts, caps and hats. We even have a bottle of AfriCoin Wine. All AfriCoin, LLC merchandise will be offered with a discount in the form of AFC added to your wallet.

Mission Statement:

AfriCoin is an International organization designed to strengthen the cryptocurrency industry; by providing smart, sound and reasonable competition to the marketplace.

Objective:

Our objective is to accomplish our mission. The reasoning behind our objective, resides in the structural conditions of alternative cryptocurrencies in the marketplace. If you examine the properties of said coins, you realize that most (not all) have altered the program in ways that:

1. Makes it easier to mine, and

2. Provides an abundant number of available coins

Here at AfriCoin, we believe that knowledgeable investors could recognize why alternative coins aren't trading at impressive levels as Bitcoin; and may place some blame on - traveling to far beyond the Bitcoin formula. This possible reality could be corrected, by exploring alternative coins that are positioned in close proximity of Bitcoin. Click here to examine the different alternative coins.

Bitcoin is still in it's early stages. To stray away from what is already proving to be a successful product would be premature and risky. You would be reinventing a wheel while the original is still developing. AfriCoin developers decided to investigate the name, Satoshi Nakamoto and found that most references state:

Satoshi means - clear-thinking or wise. Naka can mean, inside or relationship. Moto is used to describe the origin or the foundation. Put it all together and you get, “thinking clearly inside the foundation.” Therefore, by following the spirit of Satoshi Nakamoto, AfriCoin is thinking clearly inside the foundation.

AfriCoin hopes to improve the volatility of crypto-currency by providing investors with an alternative product to help diversify their holdings.

ICO - Initial Coin Offering:
AfriCoin launched it's mining client on November 3rd 2013. MAS AfriCoin, network founder; noticed that the first coins being minted were flowing out like a fire hose. He contacted the Senior programming engineer in Chile' to find out what was going wrong. The answer he received was, "there's no problem. That's how it works initially; compliments of Bitcoin."

MAS AfriCoin immediately researched this aspect and found a few articles that lead to the explanation. One article on motherboard.vice.com states the following:

In January of 2009, Satoshi Nakamoto started mining, creating what is known as the “genesis block.” Bitcoin v0.1 was released six days later. By year-end, over 32,000 blocks had been added to this original block, producing a total of 1,624,250 bitcoins. Since all transactions are public on the blockchain, we know that only a quarter of those bitcoins have ever changed hands, leading some to speculate that Satoshi could be sitting on a stash of roughly one million bitcoins. (click here for full article).

MAS AfriCoin did the math:
1,624,250 BTC x 75% = 1,218,187.50 BTC - represents what he is still holding
The current value of Bitcoin when this blog was published was $1,200 per coin.
1,218,167.50 BTC x $1,200 = $1,461,825,000

MAS AfriCoin expressed that all of the Internet noise around "pre-mining" was a farce, brought on by angry individuals that missed the biggest opportunity in the history of the world! Since AfriCoin is "thinking clearly inside the foundation," MAS AfriCoin started the first Industry ICO - Initial Coin Offering.

MAS AfriCoin decided, instead of mining solo for a million coins or more, he thought to create a 120 day coin roll out. An offering that allows early AFC adopters to share in the pre-mining stage. Additionally, knowing that most people have a hard time investing in something, "non-physical," MAS AfriCoin introduced a branded, physical product to attach to the offering. A $120 wrist watch called, AfriCoin Investor. Once the watch is purchased, the owner receives their AfriCoin wallet; a deposit of 120 AFC, and is granted pre-mining rights for 120 days.

Topics to come:

• AfriCoin Perspective
• Intrinsic Value
• Utility
• Investment / Transition
• Security
• Merchantability
• The AfriCoin Eco System
• Open Source Code / R&D

Check back here periodically for available updates. Click here to return to: AfriCoin Website