Magazine, Making Money, Keith Kersting; FinTech Researcher and Oduwa Investor
Why did I buy more Oduwa coin, beyond the ICO stage? Simple, the purpose behind the OWC coin is both noble (helping five African nations to be participants in a local-to-international economic transaction market), and a potential powerhouse for cryptocurrency investment/trading (for the same reason). My initial trust in the Oduwa coin, began with its cryptocoins’ structure. It has its own Main Net, a third independent blockchain trading platform; separate from Ethernet or Bitcoin it can become stable without their exchange market tug-and-pull of forces. It has a security of “smart contract” that insures against loss bringing trust instead of volatility’s fear of losses. It has no fees within its independent exchange and has an access to “regular” fiat assets. That was enough for myself to grab a number of OWC coin.
Then I pondered “scalability,” and listened to the latest news. Five African countries: Ethiopia, Ghana, Kenya, Nigeria and South Africa will be introduced to the African Decentralized Coin (A.D.C.), a crypto coin permanently set at 1USD = 1ADC, for a stable conversion factor to rate and include. This inclusion to a world exchange is not only democratizing, it is marvelous. Local residents in these African nations have a choice between a national bank, quite nearly the only choice before, to a cryptocurrency coin, alternative asset exchange. People can peer-to-peer exchange monies, through Oduwa coin, without fees at all. They’ll easily be able to give money to family, or friends; or, more significantly, begin networks of localized employment and market goods and services.
I was admittedly surprised to learn, reading a research paper, that telecommunications and Internet access is flourishing in African countries, to an amazing extent reaching rural and practically deserted locales. There are many in Africa who reached out straight from village to 21st Century mobile devices. Personal banking and electronic money, via mobile devices, like smart phones or tables, is no stranger there.
A financier, I am not, yet I recall some economics. Supply and Demand is not difficult to perceive between local Africans and no fees from OWC coin financial transactions. Zero fees has to be a demand over any localized bank in the area.
The real eye-opener is the scale of opportunity, because of the magnitude of the numbers of people, who are capable of seeing this Oduwa coin exchange as a welcomed traditional-financing alternative adoption.
Who wouldn’t want to buy, sell, transact, participate in speculative exchange, pay for goods-and-services, all with out fees, real-time instant transaction time. Plus, their stored OWC assets, increasing in value, makes those individuals “their own bank.” This holds true, also, for anyone participating in OWC asset building.
The Supply of Oduwa coin is finite. Like the original Bitcoin, only 21 million ODUWA Coins will ever be “mined” into the independent Oduwa blockchain main net. At this writing only 16 million of the 21 million are left available. The supply is already becoming scarcer. When each OWC coin is bought, the value of all the other coins increases by a minutia. When larger quantities of OWC are bought, a single OWC rises in greater value (currently $2.01 USD before official hitting the open exchange).
If significant numbers of populations begin to buy OWC, the value will skyrocket. Of course that is a subjective description, yet look at populations more concretely.
Populations of the ODUWA Kingdom – five African nations introduced to ADC/Oduwa coin
Ethiopia = 107.534 million people
Ghana = 29.5 million people
Kenya = 50.95 million people
Nigeria = 195.875 million people
South Africa = 58.397 million people
And again, there will be never more than 21 million OWC. Only 16 million coins available makes a supply scarcity. A simple graph to give a visual scale –
Of course, not every person will buy OWC, nor would the crypto coin be evenly spread across the population if they did. Yet, for the potential to be visualized, look at the combined totals.
That is 442 million inhabitants of the sphere of influence of the ODUWA Kingdom, and a refresh on the financial inclusion into larger economic market. With only 21 million OWC to limit supply, that is 21 persons per coin. Of course, that is a ridiculous ratio, because it does not begin to give a realistic economic picture. My “C” in Economics can deliver better than that, especially now I am in CryptoResearch.
The truth is that there are 16 million ODUWA coins available that will connect to Oduwa-run African Decentralized Currency, ADC; and that consistently equating as 1 ADC to 1 USD. If 10 percent of the Oduwa Kingdom residents participate, that is 44 million people (not including open participants worldwide). Each person could get just over a third of a OWC, if it was evenly spread out (not how real economy pans out).
These ratios cannot predict price values, nor are they intended to do so. Although when 1 ADC stays at 1 USD, 1 OWC will eventually scale up into the thousands. That, I believe is reliable to say, it is just a question of “how soon?” Hang on for Dear Life, HODL, because I really believe it is going to be a roller-coaster ride, that on the long curve will be bouncing uphill for years, consistently. There should be office pools to guess how long it takes for 1 OWC = 1,000 ADC. Then, the next 1,000 ADC up. I quietly tingle in anticipation to watch when 442 million people in Africa start to onboard to using Oduwa coin and ODUWA Exchange.