Hi guys.
Today I would like to write an article about one of the crypto projects Im involved in that I feel has great potential for the future. This project is called Zimbocash. Now what is Zimbocash?
Zimbocash (Zash) is Zimbabwe’s first cryptocurrency for Zimbabweans by Zimbabweans and its comes at a time in Zimbabwe’s history where we have no currency at all and live in a hyperinflationary environment earning very little (for more background read my article My Crypto Journey
https://read.cash/@viczwa/my-crypto-journey-a-zimbabwean-story-c4aee902
The ZASH project.
The zimbocash project as mentioned above is one designed by Zimbabweans. It isn’t known who the founder is but the spokesperson for ZASH is Philip Haslam,an economic adviser and speaker who trained as a Chartered accountant in South Africa. He is also the author of the book “When money destroys nations.” His goal is to influence multinational monetary policy with sound economic reform. This gives an indication as to why the project is dear to him.
Zimbocash is a decentralised crypto currency for Zimbabweans with the goal of establishing for Zimbabweans trust in the money and banking system.
The founders of zash are largely looking to establish a currency which (thanks to decentralisation) cannot be inflated or hoarded by corrupt politicians which were the fundamental causes of the destruction of the Zimbabwean dollar which at its peak traded at 1:1 ratio with the British pound. As such the main goal around the project is to put money into the hands of the average Zimbabwean and through sound principles establish a healthy financial ecosystem in Zimbabwe by allowing Zimbabweans to trade with it internally, building its value by increasing its demand which will foster international confidence and rebuild Zimbabwe’s international trading networks.
I remember comments from my last article where I was asked to about the crypto atmosphere in Zimbabwe. Well the project is new to Zimbabweans and over 95% of Zimbabweans don’t know what a decentralised currency is let alone a cryptocurrency which provides a unique challenge in getting Zimbabweans to understand it but as you’ll read in the whitepaper which I’ll provide through my referral link, the details of the project are written in a very simplified manner.
So to ensure that the crypto lands in the hands of Zimbabweans, the project was divided into airdrop phases where at each stage, simply registering would earn you an airdrop. The first stage which began late 2018 saw subscribers earning 100 000 zash (Of which I’m also a beneficiary) and the subsequent stags saw halving of this amount every 3 months. The goal was and is to get zash into the hands of 7.2 million Zimbabweans by the end of 2020.
The project was also divided into 4 major milestone phases, 3 of which have passed which have seen zash rise in value from 0 in the first phase to a high of $0.004411 which it reached 128 days ago. Multply that figure by 100 000 to see what my zash balance equated to in USD!!!! I know you guys must be wondering how that could possibly be and how incredulous the first airdrop was.
The all time high can be explained by the fact that zash wallets in Zimbabwe at that time were enabled to send and receive. A few moths before that, zash was listed on Bithumb global where the founders had begun trading it and it then came to life!! Currently zash’s price has dropped to $0.002334 as currently in Zimbabwe the wallets ( which have been very simplified to make usage for Zimbabweans as uncomplicated as possible) are going through security upgrades hence there is no movement of zash in Zimbabwe. This means as soon as we begin using our Zimbabwean wallets, expect the price to soar back to $0.004411 and double. The security upgrades are expected to be completed in October which presents a profit making opportunity for anyone looking to make a score.
As zash is listed on bithumb, you guessed it, you can get your own share of zash by buying at the current price, As Zash is a TRC20 token, it can be strored in a tron wallet.
8m2dat
Zash is here to stay as the founders are committed to bringing a currency which Zimbabweans can call their own for the first time in over a decade. Owning zash therefore isn’t just owning a crypto but actually owning the Zimbabwean currency. There is a lot of room for growth.
For more information on zash you can check zash out on CoinGecko
https://www.coingecko.com/en/coins/zimbocash
Victor Signing out
Why Zimbocash? There is Bitcoin Cash.