Everything you need to know about the DBA token sales
The DBA is a native token by DafriBank Limited, the new pioneer digital bank outlet headquartered in South Africa. Several use cases will exist for DBA and starters will include DafriBank, DafriExchange, DafriEstate, DafriWallet, DafriAir, OMAHA Hotels Ltd., and many more.
Note: DafriBank is already funded to the tune of $5 Million through our private investors. The purpose of this token sales is not to capitalize our project but to create an opportunity for the general public to have an early stake in the DBA Network.
The following is a quick guide to help you invest in our upcoming STO (Security Token Offering)
Token sales start and End date: February 15, 2021 — September 15, 2021
Token Name: Digital Bank of Africa
Token Symbol: DBA
Maximum Supply: 100 million DBA tokens
Initial Price: $0.01 DBA
Minimum Contribution Amount: $10 per month
Token Sales and Distribution
Token Sales
Our much-awaited Token sales will take place over 7 months beginning in February 2021 and concluding in September 2021 with 10 million tokens allocated for sale each month. We have adopted a unique token sales model that ensures equal opportunity for every class of investors from low-income investors to wealthy investors with no one having an unfair advantage.
In our token sales model, each investor’s funds as specified in the designated application form will be spread across the 7 months duration of the token sales. This implies that each investor is mandated to buy the same dollars-worth of DBA tokens for 7 months at the different price points. Investors can opt to pay in full for the 7 months or commit to a part payment made monthly. The price point for each month is shown below:
Month 1 — → $ 0.01 token
Month 2 — → $ 0.02 /token
Month 3 — → $ 0.04/ token
Month 4 — → $ 0.08/ token
Month 5 — → $ 0.16/ token
Month 6 — → $ 0.32/ token
Month 7 — → $ 0.64/ token
In addition to the application form, all prospective investors will be required to undergo a whitelisting process that includes KYC (Know Your Customer) and AML (Anti Money Laundering) and fulfil other criteria we deem necessary.
Use our DBA calculator here to see how much your investment amount will earn you over time in DBA.
Token Distribution
Starting at the beginning of the token sales, all purchased DBA tokens will be locked in a smart contract and remain unavailable for transfer, withdrawal, selling, purchasing, or swapping for 13 months which concludes 6 months after the end of our private sales.
Subsequently, the DBA smart contract system will commence a gradual token distribution with a 3% monthly release of an Investor’s total allocation distributed over 33 months. During the lock-up period, investors will be able to view their total purchased token and total monthly allocation on their dashboard on the DBA platform. Once token distribution commences, every investor will have the option of accumulating the tokens in his DBA wallet or using the tokens at his/her discretion. Additionally, an investor can move the available funds in the DBA wallet to our DeFi system to earn profits.
Payment Structure During The Presales
Investors will have the options to select one of two payment structures — monthly deposits or One-time deposit. Access to the presale will not be granted without an initial deposit.
Every investor in the DBA community will be granted equal opportunity to invest at the different price points during the presale. This means each investor’s budget will be spread equally across the 7 months duration of the STO. Use our investment calculator to check your projected DBA token allocation for your desired investment budget.
Other terms and conditions apply.
Exchange Listing
In addition to listing on DafriExchange, the application and processing for listing on several exchanges including tier 1 exchanges will begin in the months after the STO from the 8th Month. We will target exchanges with high trading volumes that will support many trading pairs with DBA token. Listing Announcements will be made on our official website.
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