Archbishop Sam Zuga, the mind behind the primary African Cryptocurrency, Zugacoin has shed extra lights on the distinction between it’s Membership registration, Presale and ICO.
According to the favored cleric also referred to as Archbishop Dr Sam Zuga (Jehovah’s Field Marshall), Zugacoin which is meant for use to alleviate unemployment in Africa, additionally guarantees to be probably the most costly forex on the earth.
He likened the the processes of buying ZUGACOIN to that of a buying landed properties in an already constructed property. He stated,
“ZUGACOIN itself is like I built an Estate of 1million houses with water and light but not furnished. ICO (Initial Coin Offering) means, the day that I want to start selling the houses in that Estate which the price will depend on the Exchange rate on the day you want to buy. But Exchange rate of Dollar as at the time of advertising the property was $40,000 (Dollars), equivalent to N21million (Naira). But as Naira has kept falling before Dollar, the price keeps rising.”
On Presale of Zuga coin he states, “PRESALE is whoever is interested in buying any of the houses before the actual date of public sales. By this time, the actual price has been divided into 100 times less and you are paying to buy the whole flat with only one portion.”
Archbishop Sam Zuga additionally maintained that MEMBERSHIP REGISTRATION is like when he introduced that whoever that should reside within the property ought to include all their furnishings.
“The quantity of your furniture will determine the number of rooms that would be given to you. If the quantity of your furniture is enough to fill a whole flat, you will be given a whole flat, if it’s only for one room, you will be given only one room.”
In conclusion, the philanthropic Man of God added, ” if anybody just isn’t within the space to take part in any of the free or backed supply, the proprietor will promote the entire property to at least one investor from any a part of the world. That new proprietor can enhance the worth the way in which he selected or use on the aim he likes, however won’t ever tamper with the already occupied residences.”
Zugacoin’s ICO begins on 1/12/2020 as presales and membership registration closes on 30/ 11/ 2020