KamPay is not just another digital token—it's an empowering movement aimed at the heart of Africa's economic landscape. Launched on June 6, 2021, KamPay seeks to democratize financial access by leveraging a robust network of local partners. Through its native utility token, KamPay offers a seamless gateway to a plethora of products, services, and entertainment. Imagine a digital wallet that simplifies transactions, a lottery system that fuels local economies, and micro-lending initiatives that support farmers—all powered by KamPay. This is more than a token; it's a beacon of financial inclusion and innovation across the continent. Ready to explore what KamPay has to offer? Read on.
What is KamPay?
KamPay is a digital utility token designed specifically for the African market. It aims to drive mass adoption through a network of local partners, empowering a new generation of people to access a wealth of products, services, and entertainment. The KamPay token is built on the Binance Smart Chain (BSC) network, ensuring fast and low-cost transactions.
Key Features of KamPay
- KamPay Wallet: A multi-currency mobile and desktop client that allows users to store, send, and receive various cryptocurrencies, including BTC, ERC-20, and BSC tokens.
- Ecosystem of Partners and Retailers: A network of local partners and retailers that accept KamPay for various transactions.
- Lottery Ecosystem: A unique lottery system with local operators, providing a significant use case for the token in the gaming industry.
Tokenomics and Distribution Model
KamPay has a total supply of 1 billion tokens, with 409,090,982 tokens currently in circulation. The token distribution model is designed to ensure a fair and transparent allocation among various stakeholders.
Token Distribution
- 2% Public Sale (Initial Distribution Offering - IDO): 100% of which is locked in liquidity.
- 20% Private Round: 20% release upon the first month, and then vesting by 10% each month.
- 20% Team Tokens: Locked for 12 months from the 6th of June 2021.
- 10% Advisory Tokens: Locked for 12 months from the 6th of June 2021.
- 13% Treasury: Reserved for future use.
- 15% Ecosystem: To support the growth and development of the KamPay ecosystem.
- 20% Production Partners and Marketing: To fund marketing efforts and partnerships.
Vesting Periods and Lock-ups
The token distribution model includes specific vesting periods and lock-ups to ensure long-term commitment from various stakeholders:
- Private Round Tokens: 20% released in the first month, with the remaining 80% vesting monthly over eight months.
- Team Tokens: Locked for 12 months from the 6th of June 2021.
- Advisory Tokens: Locked for 12 months from the 6th of June 2021.
The Team Behind KamPay
The KamPay team comprises experienced professionals with diverse backgrounds in law, online gaming, business development, and entrepreneurship. Their collective expertise ensures the successful execution of KamPay's vision.
Core Team Members
- Chris Cleverly (CEO): A barrister by profession and the youngest head of chambers in over a century. He is a founding member of the Made in Africa Foundation and a COINTELEGRAPH author and thought leader.
- Ray Sze (Co-Founder): With over 15 years of online and gaming experience, Ray is a seasoned investor and operator in Sub-Saharan Africa.
- Dov Marcus (COO): An entrepreneur, business development expert, and investor with multiple multi-million pound ventures.
Notable Advisors
- Justin Donohugh: A seasoned professional with experience in the gaming industry.
- Kingsley Pungong: An expert in business development and strategy.
- Alan Lau: A respected advisor with a strong background in finance and technology.
- HRH Oheneba Yaw Otchere: A notable advisor with a royal lineage and a keen interest in technology and innovation.
Where to Buy KamPay
KamPay is currently available for trading on several platforms, including PancakeSwap, QuickSwap, HotBit, CoinsBit, and CoinTiger.
- BEP20 Token Address: 0x8e984e03ab35795c60242c902ece2450242c90e9
- Matic Polygon Address: 0x39fc9e94caeacb435842fadedecb783589f50f5f
Market Data
As of the current date, KamPay has the following market statistics:
- Current Price: $0.0010
- Market Cap: $427,999.03
- 24h Price Change: 0.55%
- 7d Price Change: 142.22%
- 30d Price Change: 32.62%
- 24h High: $0.0011
- 24h Low: $0.0010
- All-Time High: $0.0382 (2023-11-28)
- All-Time Low: $0.0001 (2023-06-29)
- Circulating Supply: 409,090,981.92
- Total Supply: 1,000,000,000.00
The Purpose and Utility of KamPay
KamPay is designed to address specific challenges and opportunities in the African market, such as the strong growth of African economies, increased mobile phone coverage, inadequate banking facilities, and a strong demand for lotteries.
Key Use Cases
- Payment Token: KamPay serves as a payment token within an existing ecosystem with clear demand, particularly in the lottery gaming sector.
- Banking Solution: KamPay addresses the challenge of inadequate banking facilities by providing a digital currency solution that can be easily accessed and used through smartphones.
- Lottery Ecosystem: KamPay is part of a lottery ecosystem with local operators, providing a unique use case for the token in the gaming industry.
- KamMobile SMS Crypto: Expanding its utility and use cases through SMS-based crypto transactions.
Unique Features and Benefits
KamPay stands out from other tokens due to its unique features and benefits:
- P2P Exchange: Allows African citizens to swap Bitcoin and other tokens, including KAMPAY, with one another. This exchange charges a 1% fee for every completed trade, which is deducted in KAMPAY and placed in a treasury for platform improvements.
- Membership Tier System: Users who lock KAMPAY tokens for a predefined period are entitled to
