Finance:AmbaCoin

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Short description: Cryptocurrency
AmbaCoin
AmbaCoin Icon.png
Official logo of AmbaCoin
Development
Initial release24 December 2018[1]
Development statusIn use
Websiteambacoin.io
Valuation
Exchange rateUS$0.25

AmbaCoin is the official cryptocurrency of the Cameroonian separatist entity of Ambazonia.[1][2][3][4] One AmbaCoin is worth 25 cents (USD), or about 140 CFA francs. It is said to be backed by the "rich natural resources" of the breakaway region.[1] The AmbaCoin was launched on in 2018 and the ICO was from December 2018 to 2019.[5] The Ambazonian Government claims that all profits go towards their independence struggle and humanitarian aid.[6][7]

References

  1. ↑ 1.0 1.1 1.2 Atabong, Amindeh Blaise. "Cameroon's Anglophone separatists have created their own cryptocurrency". https://qz.com/africa/1492745/cameroon-anglophone-separtists-create-cryptocurrency-ambacoin/. 
  2. ↑ "Ambacoin, la cryptomonnaie pour les séparatistes camerounais". 14 December 2018. https://www.lemonde.fr/afrique/article/2018/12/14/ambacoin-une-cryptomonnaie-pour-les-separatistes-au-cameroun_5397673_3212.html. 
  3. ↑ "Cameroun anglophone: l'AmbaCoin disponible à l'achat - RFI". http://www.rfi.fr/afrique/20190102-cameroun-anglophone-ambacoin-disponible-achat. 
  4. ↑ Jackson, Tom (7 January 2019). "December in Africa: Ghanian healthcare drones and Cameroonian separatist cryptocurrency". https://thenextweb.com/contributors/2019/01/07/december-in-africa-ghanian-healthcare-drones-and-cameroonian-separatist-cryptocurrency/. 
  5. ↑ "AmbaCoin a revolutionary cryptocurrency to assist the Ambazonian quest" (in en-US). https://ambacoin.io/. 
  6. ↑ "Cameroon rebels issue virtual currency to fund independence". https://www.aljazeera.com/news/2018/12/cameroon-rebels-issue-virtual-currency-fund-independence-181224172110496.html. 
  7. ↑ Finnan, Daniel (1 January 2019). "Cameroon separatists sell cryptocurrency as replacement for CFA franc" (in en). http://www.rfi.fr/en/africa/20190101-cameroon-separatists-sell-ambazonia-cryptocurrency-replacement-cfa-franc. 





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