Let's demystify crypto and web3 in Africa

$38.59 crowdfunded from 3 people

$54.14 received from matching pools

50%
average score over 2 application evaluations
Promoting blockchain education in Africa by providing news, monitoring industry players, writing educational articles, conducting school meetups, mentoring developers, and engaging with government for well-informed regulation.

If they say that crypto is meant to unbank the unbanked, then Africa is a great place to start. Unfortunately without education, a lot of people are going to be left behind. We want to change this narrative.

The Problem

Misinformation spreading on the African continent in regard to what the blockchain is, how crypto works and finally what web3 is has created distrust amongst people and in turn is going to slow down the adoption of this technology.

Time and time again we hear people say "Do Your Own Research DYOR" but quite frankly if a vast majority of people in this part of the world have the time and resources to gain knowledge about the traditional financial systems, how can one expect them to start investing time to learn extensively about this emerging technology when even people in more advanced countries like the US such as the SEC chair don't fully understand how to classify if an asset like Ethereum is a security or a commodity.

The Sats Solution

A one-stop centre where you can learn about what is happening in the crypto industry, how cryptocurrencies, blockchain and web3 work and even raise requests for us to help you DYOR.

As Satsdaily, we have realized that the blockchain is a technology that Africa cannot evade. We have therefore set out to demystify what it is.

How we are doing this

  • Providing relevant news of worldwide significance to Africans so that they are up to date with the current developments in the industry.

  • Monitoring players trying to penetrate the African space and warning people if we notice any red flags.

  • Providing educational articles that can help our readers to learn about the industry.

  • Hosting meetups in schools to teach young people about various concepts of the industry.

  • Mentoring upcoming developers and helping them find resources that can help them build in this industry such that there are more use cases for crypto.

  • Engaging with key government stakeholders to inform them about the industry, the risks and benefits and direct on formulating better regulatory procedures.

Let's demystify crypto and web3 in Africa History

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