The 1st time blockchain adoption is happening on a whole continent - Africa.πŸ‘€ Global trade ($33T market in 2024) is one of the most broken + inefficient systems: βœ…οΈ Frauds βœ…οΈ Too many papers βœ…οΈ $25B wasted in payment TXs fees That's why African Continental Free Trade Area launches public infrastructure for trade, powered by @iota. This will help save time and costs, generate more gains, cut border clearance... It's also worth mentioning big Web2-3 partners: World Economic Forum + Tony Blair Institute + IOTA Foundation... I think this is massive because governments are involved = more credibility and trust.πŸ” This will create deflationary pressure + value accrual for $IOTA holders: πŸ”·οΈ More usage β†’ more fees β†’ more tokens burned or locked Now the most interesting part to me - $IOTA has: -> No VC unlocks -> β‰ˆ 50% of all IOTA is staked & off the market With institutional adoption, it's inevitable token demand will spike, so should price. I'm happy to see a reputable blockchain like IOTA being adopted in real-world infrastructure, as this shows crypto space is capable of solving big problems. Real assets tokenization is finally happening and IOTA is here to power it after 9 years of development.πŸ‘‡
Africa is the future of global trade 🌍 Led by @AfCFTA, in partnership with @IOTA, @WEF & @InstituteGC, ADAPT is building a public digital infrastructure connecting Africa with seamless cross-border trade, instant payments & secure digital identities. One network. All of Africa.
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