Blockchain Africa: Building a decentralised economy/DGDP for 1.5 billion people

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  • Humanity Node Protocol pays its users in cryptocurrency for doing simple tasks for the community
  • Africa will have the opportunity to build its own technology eco-system by serving the needs of its own society
  • Each angel network will be sponsored with a minimum US$10,000 worth of Humanity NFTs

Many African start-ups have found it hard to bag investors at all levels which can result in businesses that take the life of an entrepreneur’s dream too long to actualise or die.

While it is inevitable that many will cease to exist, much more needs to be done to link African businesses with the necessary capital and the mentorship they need.

To plug this gap is Humanity Node Protocol, a blockchain-based platform which is working to eradicate poverty in Africa through community service. Humanity Node Protocol pays its users in cryptocurrency for doing simple tasks for the community.

Read: The Humanity Node Protocol: Register to earn, invest, redeem crypto for cash

The platform was launched in 2019 and now has more than 100,000 people as its members, spanning from Nigeria in West Africa to Kenya in East Africa.

The current usage of non-fungible tokens (NFT) technology creates a unique smart contract on-chain that ensures there is no directly swappable counterpart for the NFT which makes it unique. This is the same for the Humanity Node Protocol.

Fungibility is the key component. No two tasks are the same and no two talents of people are the same.

“The unique opportunity here is that Africa will have the opportunity to build its own technology eco-system by serving the needs of its own society,” said Joel Plasco, Co-Chairman of the Humanity Angels Club.

To push Africans further and faster, Humanity Node Protocol is creating an angel mentor network in each African country. In this plan, there will be two pairs of angel mentors creating a network of four established business people.

Recruitment is currently ongoing as Humanity seeks 2-person-teams which will have a cumulative of 100+ teams continent-wide.

To start the networks off, each angel network will be sponsored with a minimum US$10,000 worth of Humanity NFTs. From these, the team collects 4 per cent royalty of the NFT which is priced at the market value.

Plasco adds, “By mentoring new African businesses and having Angels involved, many of the African start-ups will have the opportunity to learn what it takes, from previously successful ventures and apply that knowledge for the betterment of the communities they serve. This is Africa deciding its own destiny.”

What the Angel Network teams do:

The Angel Network teams assign the NFTs to people in their country and mentor them to grow their businesses and skills. Depending on the success of the teams, they get to split 1 per cent of the royalties of the NFTs in the country. They also become eligible for lifetime royalties.

All country Angel Mentor teams will get an opportunity to compete for a US$100000 grand prize which will go to 10 teams through the African Startup League (ASL).

The ASL is an annual startup competition aimed at funding 10,000 sustainable new start-ups that solve real-world problems in Africa.

A healthcare worker attending to a mother and her child. For community tasks, Humanity Node Protocol pays its users in cryptocurrency for doing simple tasks for the community. [Photo/ Red Matter Capital]
The African Startup League (ASL)

The African Startup League (ASL) is a partnership between Humanity Node Protocol and the Exchange New service, Web3Africa, Heart Lotto, Adanian Labs, Global Startup League and Humanity Equity holders.

ASL is a unique startup studio platform where we connect entrepreneurs with strategists, creatives, engineers, community, and capital to design, build and launch exponential organisations that aim to make people’s lives better.

The goal is to gather and share resources to help build and speed up the next 10,000 great blockchain-based companies that focus on helping people.

Early investors get an opportunity to invest in ASL-winning start-ups. Even though positive investments are not secret, Africa Startup League pipelines are the best way to reduce risk.

“We don’t just know our portfolio companies, we also keep track of them from the time they are just ideas to the present. At every stage of development, from the Minimum Viable Product (MVP) to seed rounds and beyond, all Humanity NFTs have the chance to get investments,” said Barney Barrow, Co-Chairman of the Humanity Angels Club.

Humanity NFTs

Humanity NFTs, which are part of the Africa Startup League’s Humanity Node Protocol, are also the nodes for a decentralised startup studio that focuses on building companies that help meet the first eight UN Sustainability Goals.

A startup studio is a place where companies are built over and over again. With their infrastructure and resources. Startup studios improve the chances of a startup’s success and help it grow and develop in the best way possible.

Our Startup Studio is decentralised because each of the 300,000 Humanity NFTs serves as a resource for the Startup Studio on its own, without any central control. Even though they are separate, they will coordinate, organise, de-organize, and re-organize themselves based on what is best for the project at that time. There isn’t a single person who can stop a project. Instead, there are 300,000 doors to enter.

Africa Startup League and Humanity NFTs bring together members of the community, experts, investors, and start-ups to build companies that matter and should exist because they make the world a better place for everyone.

ASL and Humanity NFTs bring together members of the community, experts, investors, and start-ups to build companies that matter and should exist because they make the world a better place for everyone.

The Africa Startup League is the first project of Humanity Nodes Protocol and the world’s first decentralised community-powered company builder for start-ups that want to make the world a better place. ASL will assist entrepreneurs and investors in various ways. It will give those in the community greater chances to work together in ways that benefit society.

ASL’s decentralised platform is built on Binance’s smart chain. The associated smart contracts will ensure that everyone who uses the system gets paid enough. One of the main goals of ASL is to build a network of experts who can help the Humanity NFTs release projects that are beneficial for business and help society.

Humanity NFTs will receive shares and tokens in the companies they help build, meanwhile the ASL will connect mentors to angels creating a unique members’ club where ideas become actualized.

Read: African Startup League: Competition for funding over 10,000 startups every year

I have 10 years of experience in multimedia journalism and I use the skills I have gained over this time to meet and ensure goal-surpassing editorial performance. Africa is my business and development on the continent is my heartbeat. Do you have a development story that has to be told? Reach me at njenga.h@theexchange.africa and we can showcase Africa together.

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