What is Dafribank?

widgun (27)in #dafribank • 3 years ago

Dafribank is a unique digital bank and operates under a more modern system under the umbrella of digital and upgraded technology to meet up with the latest trends. On the bank’s platform users can find features that will help them manage and improve their finances. It has combined the system of banking with cryptocurrency trading to deliver something different and new. The bank reaches out to areas where ordinary conservative banks, these areas are remote and probably suffering from one crisis or the other.

Token distribution

At the beginning of token sales, DBA tokens that were purchased are locked in a contract and restricted to transfer, purchasing, withdrawal, swapping and sales. This extends to 13 months and it concludes the 6 months of private sales under Dafribank. The DBA contract commences gradually with a monthly release of 3% out of the investor’s total allocation which will eventually be distributed over 33 months. During the period of lock-up investors will have access to view on their dashboard the total token that was purchased and the total monthly allocation. At the commencement of token distribution, all the investors will have an option to either accumulate their tokens or use them at their discretion.

Payment structure

Investors have the option of selecting different payment structures depending on the one that soothes their needs however without an initial payment there will be no access granted to the presales. All the investors in the DBA society will be offered an opportunity at different price points when the presales are ongoing. The payment method is an automated and customized one.

DBA Network

This is a crypto blockchain network under the umbrella of Dafribank. The network oversees the management of Dafribank’s crypto blockchain and projects related to its governing token DBA. Dafribank is a one of a kind project for people living within the shores of Africa and across its borders, a lot of Africans living abroad have found this medium to be quite beneficial to everyone using, it is not restricted to Africans alone. It does not harbour any form of discrimination for opening accounts unlike what people face with some traditional banks.

User friendly

Dafribank provides a portal or platform that is user friendly and allows ease of access you can transfer funds just by knowing the email the receiver used to register which is easy and convenient. The funds' transfer doesn’t take time no matter the currency you are dealing with, there is no room for panic because the person receives it almost immediately. The transaction charges are way cheaper than any other and it deals with different currencies.

Conclusion

Dafribank is no doubt trying to be a game changer in the banking sector in Africa and across its borders, the reason it is tagged a borderless banking system. The bank has made itself reliable and prominent in over 180 countries and you will find itself in the most remote of areas, this has made life easier for low income earners living in the suburbs. The software application it makes use of on its portal is quite accessible and easy to use.