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July 7, 2023

Tokenized Projects in Africa 2023

Tokenized Projects in Africa 2023

Today, we cover the chapter 3, Tokenized Projects in Africa, of EMURGO Africa 2023 Q1 Report.

Blog posts related to EMURGO Africa 2023 Q1 Report:
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Token Projects on Coin Market

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In summary, there are 20 tokenized projects identified in Africa.

Among 20 tokenized projects in Africa, 7 are utility tokens of fintech companies, 4 are cryptocurrency projects, 2 represents decentralized exchange protocols, 2are royalty of software development companies. Others include mining, advertisement, retail, game, and NFT.

Among 20 projects, 7 are on Ethereum blockchain, 6 are on BSC, 2 are launched on Cardano blockchain, 2 are on Stellar blockchain (2 are both on Ethereum and BSC). Other blockchains include Bitcoin, Polygon, Tron, Lite Coin Fork, and Ellcrys.

By analyzing their token price change over time and tokenomics, only Empowa ($EMP) has grown its token price so far. However, we need more time to know the robustness because its launch was only around a year ago.

Note that the results in this report are all pure quantitative results by author's own research and have nothing to do with an investment advice. All data used in this report are available in this spreadsheet. You are free to refer the data set.

You can read below according to your interests for more detailed information and data. 👇🏾🙂💡

Table of Contents:

  1. Tokenized Projects in Africa
  2. Price Change over Time
  3. Tokenomics
  4. Data Set

1. Tokenized Projects in Africa

Figure 1 below shows the tokenized projects in Africa. There are 8 projects from Nigeria, followed by 6 from South Africa. Other projects are from Kenya, Senegal, Zimbabwe, CAR, UAE, UK, and Netherlands.

Figure 1. Tokenized Projects in Africa

Figure 2 below presents the type of business of 20 tokenized projects in Africa. Among 20 tokenized projects in Africa, 7 are utility tokens of fintech companies, 4 are cryptocurrency projects, 2 represents decentralized exchange protocols, 2are royalty of software development companies. Others include mining, advertisement, retail, game, and NFT.

Figure 2. Type of Business of Tokenized Projects in Africa

Figure 3 below shows the blockchain used by those 20 tokenized projects in Africa. Among 20 projects, 7 are on Ethereum blockchain, 6 are on BSC, 2 are launched on Cardano blockchain, 2 are on Stellar blockchain (2 are both on Ethereum and BSC). Other blockchains include Bitcoin, Polygon, Tron, Lite Coin Fork, and Ellcrys.

Figure 3. Blockchain Used by Tokenized Projects in Africa

2. Price Change over Time

Table 1 and 2 below show the start price of the tokens and the relative current price to the start price of the tokens of the tokenized projects in Africa. Among the projects whose token prices are available on CoinMarketCap, only Empowa ($EMP) has grown its token price so far. However, we need more time to know the robustness because its launch was only around a year ago.

Table 1. Token Price Change of Tokenized Projects in Africa I

Table 2. Token Price Change of Tokenized Projects in Africa II

Note that the results in this report are all pure quantitative results by author's own research and have nothing to do with an investment advice. All data used in this report are available in this spreadsheet.

3. Tokenomics

Table 3, 4, and 5 represent tokenomics of each project based on the public sale information: public sale value, public sale supply, public sale price, current price, share of tokens for public sale, and share of tokens for the team. There is quite a bit of variation in public sale supply, price, and current price. Most cases have not been successful in terms of the growth of token price. Since the number of tokenized projects in Africa is still very small, more cases and data are required to examine the driver of the success of the tokenization projects.

Table 3. Tokenomics of Tokenized Projects in Africa I

Table 4. Tokenomics of Tokenized Projects in Africa II

Table 5. Tokenomics of Tokenized Projects in Africa III

Note that the results in this report are all pure quantitative results by author's own research and have nothing to do with an investment advice. All data used in this report are available in this spreadsheet.

4. Data Set

The figures and tables are generated using this spreadsheet that I made using data from the CoinMarketCap and online research. You are free to refer the data set.

Hope you have enjoyed this chapter of EMURGO Africa 2023 Q1 Report! For downloading the full report, you can visit this page.

Thank you very much for reading this article! I strongly wish that blockchain technology will bring the brighter future of this world 😌💙

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EMURGO Africa invests and supports local Web3 projects in the region to adopt Cardano’s decentralized blockchain technology to build socially impactful solutions.

As a regional entity of EMURGO, the official commercial arm of Cardano, EMURGO Africa also runs a local Cardano accelerator in Africa, Adaverse, which accepts applications year-round.

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