DAFRI Exchange is Africa’s most trusted, secure, and reliable crypto exchange. Besides trading capabilities, it provides a lot of advanced features, like real time market information, advanced charts, fast deposits, mobile apps, etc.
Now it has presented a unique opportunity to invest in DBA token at very attractive price during their STO (secure token offering). This is a long term investment, and not a “make quick bucks” thing.
The STO has started couple of months ago and will last for 7 months, so there are 5 months still left (to be precise, at the time of this post there are 21 days left in the third month).
The distribution price started at $0.01 at month 1, and doubles every month. Currently, it’s month 3, hence the price is $0.04. The projected price when it goes life is $1.
The caveat is that this is a long term investment. You will invest equal amounts over the course of the remaining 5 months. The vesting period is 13 months, and then the 3% monthly token release starts.
Example
If you invest $100 now, $20 will be invested for the remaining months, and you get the following amount of tokens:
Month 3: 500 ($0.04 per token)
Month 4: 250 ($0.08 per token)
Month 5: 125 ($0.16 per token)
Month 6: 62.5 ($0.32 per token)
Month 7: 31.25 ($0.64 per token)
Total: 968.75.
The post-STO price is $1, so you almost 10x your investment. However, you will only start receiving 3% each month for 33% after the 13 month lock-up period ends. This will be about 29.3 tokens per month.
If by that time the price will go, let’s say to $3 (not unreasonable assumption), you will be getting almost $100/month for 33 months for you initial $100 investment.
Not bad at all!
How to Invest
To invest, you need a participation number. I do not recommend to add any funds before you get the
Here is what you need to do:
1. Register (no money needed)
2. Click on “Investment” tab (you will see a message, that you can close):
3. You get to this form:
4. Click on “Don’t Have?” You will see a form that you need to fill in. It’s pretty straight forward. The only tricky question is Next of Kin, but you can put yourself, and just write “Self” in “Relationship” field.
5. It will take several hours before you get the number.
6. When you get it, you need to login to the exchange again, then fund your account. You can fund with FIAT currency, but it is much faster to fund with BTC, ETH, or USDT if you have them in your digital wallet. (See below how to fund with cryptocurrency).
7. Once your account is funded, you click on that investment tab again, enter your participation number, select the currency to pay with, and enter the amount.
8. Hit “Begin Purchase”.
Congratulations! You invested in DBA.
How to fund your account with crypto.
- Go to “Wallet” tab.
- On the left side select crypto you want to use (make sure you select “Deposit” option). You should see something like this with the deposit address and QR code:
3. Now you need to send funds to this address.
4. If you’re using a mobile wallet, you select the crypto, then hit “Send”, enter the amount, and then scan the QR code.
5. If you’re using a browser, you can copy the deposit address, and paste it in instead of scanning the code (the other steps are similar).
If you do not have a wallet yet, you can get one easily. For US residents, the best way is to either use Coinbase or BinanceUS. Note, however, that Binance has 10 days lock down period on withdrawals. On Coinbase I was able to send ETH right after I bough.