PesaPepe (PEP) token has been created to foster understanding and adoption of cryptocurrency in Africa. The name has been carefully chosen to rise curiosity. The two words Pesa and Pepe have been taken from the Swahili language spoken by over 120 million people in Africa. Pesa means money and Pepe means electronic. So the name assumes a currency that exists in digital form.Swahili language is spoken in East Africa. The east african community has six countries (Tanzania, Kenya, Uganda, Rwanda, Burundi and South Sudan). Swahili is taught in many institutions of higher learning across Africa and outside Africa in Russia,China, India, Japan, Korea, Iran, Germany, France, England and Italy. So the name can be well understood outside Africa too. 40% of the total supply of the token will be obtained by Proof of Learning (POL). Class sessions on blockchain technology and cryptocurrencies will be conducted for at least six hours, starting with students and business people across the continent. On completion of the training each participant will be awarded PEP tokens. The value of one PEP token is set at $1. This value has been reached based on the intended reward per hour of class instructions that each participant will get. A reward of $1 per hour in PEP tokens will be given to every individual who participates in face to face class training on blockchain technology. This is enough incentive to drive people to learn about the technology that is revolutionizing our lives. Some of our instructors have agreed that 100% of their payments for the job be paid in PEP. It is a rule that our instructors must accept at least 20% of their pay in PEP currency. This gives PEP its value in real world use. Anyone knowledgeable in blockchain technology is invited to contact pesapepe.org to apply for a position of instructor in his/her area.
The program could later expand to other third world countries outside Africa but the main focus is Africa.
NO ICO, NO FREE AIRDROPS. We did not conduct an ICO (Initial Coin Offering) to raise funds to carry out the project. Everything is self funded. We have only reserved a percentage of tokens for the project team. We will also not do free airdrops of PEP. The token is primarily intended to be rewarded in small amounts to those who are willing to learn and adopt cryptocurrency especially in the third world where cryptocurrencies are almost unknown, not only among people of a lower class but among many college graduates as well. To those who attend training we will do airdrops from time to time. The necessary requirement to receive an award is to attend training for at least 6 hours. Each hour equate to 1 PEP.
PEP has a total supply of 900,000,000 tokens.
40% to be distributed to individuals taking part in face to face blockchain and cryptocurrency classes
25% will be listed on exchanges at a discount of 30% , that is at $0.7 to enable those already familiar with blockchain and cryptocurrencies to acquire the token. The proceeds from the sale will be used among other things for the following:
1. Cost of gas (in ETH) for the distribution of reward tokens on the Ethereum network
2. Payments of expenses that can not be paid in PEP currency for operations of the continent-wide educational programs.
3. Advertising and promotion of PEP through T-shirts, flyers, radio advertisements etc.
4. Payment of listing fees in exchanges
15% will be reserved for payments in PEP currency including instructor salaries
13% will be reserved to be given away to as incentive to merchants who will agree to accept PEP payments in their businesses.
The founder takes 2%
5% is reserved for the rest of the team
We are not intending to have a referral program at the moment. Should the need arise in the future we will use some of the reserved tokens for that purpose. We are aiming to use other means of advertising including those mentioned in number 3 above.
PEP Trading Through Mobile Payments
We will collaborate with cryptocurrency traders across the continent to facilitate trading of PEP with fiat currencies through mobile payments that are available at almost every corner of the continent. This will help eliminate the need of buying another currency such as Ethereum or Bitcoin in order to buy PEP.
The value of PEP
Although the initial value of PEP is set at $1, as the awareness and demand increases and merchants start accepting PEP payments the value will grow beyond $1. PEP will be the most widely known of all cryptocurrencies in Africa.
PEP Education Program Benefits
• For those who have never heard about blockchain or cryptocurrencies, it will impart new knowledge and open a world of endless opportunities.
• It will open a new opportunity in cryptocurrency trading as a new business that does not require a big amount of capital to start and can be done from anywhere.
• An optional certificate of attendance signed by an instructor will be offered at a low fee which can open a door to secure a job in blockchain-based businesses.
Check PEP on Etherscan: https://etherscan.io/token/0x61630fd1f65a7b72af8e9faa6e2646080131f501
We are on social media as well BUIT THAT IS NOT THE BACKBONE OF THE PROJECT. We are aiming to be simple for an average person who has never heard or is not using the social media channels. So anyone judging PEP for its popularity in social media is TOTALLY WRONG! We are conducting face to face instructions for cryptocurrency across Africa. We have seen tremendous success reached by mobile payment platforms like M-Pesa in Africa. It has been built to be easily used by anyone. There is no need to get in deep about the technology behind it. Now almost everyone owning a mobile phone is using such a payment system. PEP project want to be simple. For those interested to know more about blockchain technology we will include links and materials to broaden their understanding.
What Problem Does PesaPepe (PEP) Project Solve?
There are so many tokens out there. Why should you consider joining PEP? Is it different in any way?
Well, like many other tokens based on Ethereum blockchain, PEP is an ERC20 token. ERC is short for Ethereum Request for Comments. It is a set of rules followed by all tokens on the Ethereum network. The number 20 simply refers to the issue number (improvement proposal number 20). ERC20 tokens can be used as currency, company shares, can represent an asset such as a house , and can be used to represent almost anything on the Ethereum blockchain. There are thousands of ERC20 tokens. If you like, you can learn more about Ethereum, ERC20 tokens and Smart contracts in the section of our website https://www.pesapepe.org/learn-cryptocurrency
PEP is a currency token but created with one main goal. To help the widespread knowledge and adoption of cryptocurrency. Many tokens being created are targeted at those who already have an idea about cryptocurrency and blockchain technology. Those who are not aware of this revolutionary technology are left behind. This is a problem that PesaPepe project wants to solve. Blockchain technology must come to everyone, regardless of their educational backgroung. The project aims to bring the idea to the community that is still in darkness, in an easy to understand way. We are not aiming to teach them all the technical aspects of the Blockchain technology. We are aiming to convey a general understanding that will bring about mass adoption of Blockchain. We are aware that there are many resorces available for free for people to learn about cryptocurrencies and blockchain technologyon their own. But learning this technology by oneself has proved to be a daunting task for beginners. We tested this over time, directing people to resources that are available online but the result was disappointing. To make this happen the project gives incentives for participation in face to face instructions led by our instructors. One PEP token will be rewarded per each hour spent in the class. As the value of PEP token is initially set to $1, that equates to $1 per hour spent in the class. Participation is free. We do not charge fees. All expenses are paid by the project. This is another reason that people will be willing to learn about cryptocurrency. For those who are already familiar with blockchain technology and have no need to attend training sessions but want to own PEP tokens, we are constantly listing PEP on exchanges. Keep checking this page on our website https://www.pesapepe.org/exchanges.
A currency token is useless if it can not be spent anywhere. After we have reached a large number of individuals, we will then start partnering with both in-store and online merchants to bring the concept and convince them to accept PEP for the products and services they offer. This will enable consumers to transact at a fraction of transfer cost.
Our philosophy in carrying out this project is and will remain to be SIMPLICITY. This has been a major problem and a barrier to adoption of cryptocurrencies. We want people to be able to use this technology in a simple way they use their smartphones. After someone has attained that then he is free if he wish to gain a deeper understanding, to consult plenty of sources available or do an advanced course in blockchain technology. We will be listing these resources on our website for those interested.Follow PesaPepe On Social Media