ICO

STXA Africa ICO — Decentralised Ridesharing and E-commerce Platform

STXA is a project that is aimed to create a number of improved solutions targeting the African continent. The project will develop blockchain-based solutions to ridesharing, online shopping, and utility bill payments.

By utilizing blockchain technology for proof and simple transactions, STXA could with its platform exponentially reduce fees that normally would incur due to the number of middlemen and payment processors involves.

Features

Crypto Bank

The project states in their whitepaper that they are able to meet the regulatory demands that are required for establishing their own bank/acquiring an existing bank. If this falls through the project will be able to provide a number of benefits to SXTA holders such as free SXTA-fiat exchanges, easy token-fiat conversion, and more!

Debit Card

The SXTA debit card will allow users to spend SXTA on all stores that accept Mastercard.

Earning

Although SXTA is a standard ECO-20 token, it will allow users to earn additional tokens by participating in activities in the SXTA Ecosystem. In addition to this users will get the benefits of big discounts to the offered services by purchasing with the SXTA token.

SXTA ICO

The SXTA ICO token sale is planned to launch Q3 and the funding will be fully finished by Q1 2021.

The token sale details are as follows:

  • Token Price: 0.01-0.05 USD
  • ICO Tokens For Sale: 120 million (1 billion total supply)
  • Softcap: 3 million USD
  • Hardcap: 12.7 million USD
  • Accepted ICO contribution currencies: Bitcoin (BTC) and Ethereum (ETH)

The SXTA ICO will be split into three parts.

  1. Private sale
  2. Presale
  3. Main ICO sale

Partnerships

The whitepaper states a number of proposed partnerships that would use the SXTA token currency.

Shiprite

Shoprite is Africa’s largest grocery chain. They have 886 outlets in 17 countries across Africa, the Indian Islands and southern Asia. The company’s head office is located in the Western Cape Province of South Africa. Shoprite holdings are listed in South Africa, Namibia and Zambia.

Jumia

Jumia is an online marketplace in Africa that offers products within the electronics and fashion industry among others. It has partnered with more than 50,000 local African companies. The marketplace launched in 2012 in Lagos, and the company currently has a presence across more than 10 African countries.

Total

Total is a producer and supplier of oil, natural gas and low-carbon electricity. It is active in over 130 countries with over 100,000 employees.

Innoson

Innoson Vehicle Manufacturing is a Nigerian automobile and bus manufacturer.

Other Proposed Partners

Other proposed partnerships include Mastercard (partnership for the SXTA Debit Card), Dangote Group and Paystack.

Conclusion

The STXA project is an ambitious project that aims to bring a range of solutions to the African continent. The SmartEX Ecosystem brings the first locally decentralized rideshare and e-commerce platform built and optimized for the African Market.

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