Introducing The DBA Network
DBA Network is a crypto blockchain network of DafriBank Limited. The organization overss the management of DafriBank’s crypto blockchain related projects such as its governance token DBA, DeFi project and DafriExchange. The DafriBank is a Division of DafriGroup PLC.
The DBA Network will make further announcements as new participants and partners are added to its network.
Here’s brief information of all of DafriGroup’s current and future businesses that will accept DBA tokens.
DafriBank: Also known as The Digital Bank of Africa, is a borderless digital bank specifically built as an electronic payment gateway system and will provide financial services and inclusion to the African market. It will provide all of the traditional banking services and much more.
DafriExchange: DafriExchange is set to become one of Africa’s most loved cryptocurrrency derivatives exchanges with its jaw-dropping low fee.
DafriTechnologies: DafriTechnonogies is dedicated to developing world-class software solutions in response to different challenges in the tech industry.
DafriEstate: DafriEstate Ltd will be the first indigenous African real estate company that will accept cryptocurrencies including DBA tokens for its services. DafriEstate recently celebrated its first multimillion-rand mega acquisition located in the South African province of Mpumalanga, a 5600 square meters of vacant land.
OMAHA Hotels: This hospitality subsidiary of DafriGroup PLC. is the first luxury hotel chain in Africa to accept cryptocurrency.
Royal IVY: is a leading African premier lifestyle brand focusing on top-grade quality human hair extension and will expand to other services including spa treatment, skincare, weight loss program, etc.
DafriAir: DafriAir is a soon to be launched futuristic crypto-friendly airline that will offer travellers the opportunity to pay for trips using popular cryptocurrencies including DBA tokens. It will also explore other blockchain-based solutions to airline services.
About the DBA tokens
The DBA tokens will be launched via a Security Token Offering set to commence on November 2nd, 2020 with 70 million tokens up for sale. The aforementioned use cases will ensure a steady rise in the value of the DBA tokens. Please note that funds raised during the STO are not to raise start-up capital since DafriGroup private investors already funded the project to the tune of $5 million. The STO is designed to allow the token holders to have a stake and influence in the DBA Network.
