The PropelCrypto Project: Financing Entrepreneurs Through the Power of Web3
The mission of the PropelCrypto Project is to empower entrepreneurs in Africa and beyond by developing decentralized applications (Dapps) aimed at facilitating investments in entrepreneurial ventures globally. This initiative seeks to enhance accessibility to financing for a wide array of entrepreneurs. To realize this objective, two distinct utility tokens have been created to serve as transactional currencies for two corresponding Dapps.
Introduction
As the third fastest-adopting continent in terms of cryptocurrency, Africa represents a unique opportunity for PropelCrypto to bring together African entrepreneurs and drive the project’s success. The project is designed to appeal to African entrepreneurs seeking economic freedom, prosperity, and opportunity to generate wealth.
To achieve its goal in Africa and beyond, PropelCrypto aims to build a strong community around the project, using marketing campaigns and taking advantage of the rising popularity of cryptocurrency on the continent.
In furtherance of its commitment to fostering entrepreneurship, PropelCrypto will introduce two (2) decentralized applications (Dapps) powered by the $PCR Token and $PCH Token. These Dapps will harness the capabilities of Web3 technology to support entrepreneurs in securing funding for their ventures, thereby facilitating the growth of their businesses. Additionally, they will play a pivotal role in driving widespread acceptance and utilization of blockchain and cryptocurrency.
Technical Details
Name
PropelCrypto / PropelCash
Symbol
PCR / PCH
Decimals:
18
Blockchain
Ethereum (ERC20), BSC (BEP20), Core DAO (ERC20) & Bitgert (BRC20) for PCR and Only BSC (BEP20) for PCH
Smart Contract Address for PCR
ERC20 Ethereum Chain: 0x264Cf2798c7Df1c86E5fe8164FE24aC7532bF624 (Total Supply 1,000,000,000 After Burn) - BEP20 Binance Chain: 0xba281683B7917eF27EBED6Dda2839632faDcCddd (Total Supply 1,000,000,000) - ERC20 Core Chain: 0xCD711F63eC3AF40B5650E469f74F1aa07B5da5c5 (Total Supply 1,000,000,000) - BEP20 Bitgert Chain: 0x6449b09b39c9E7686F00854e2b685A2724FDce2D (Total Supply 1,000,000,000)
Smart Contract Address for PCH
BEP20 Binance Chain: 0xFf8f18FDeEF6443cbF3E03d13FdAD86E3fE09E4B (Total Supply: 1,000,000,000,000,000)
Transactions
Wallet must have Ethereum for ERC20 - Ethereum Chain, BNB for BEP20 - Binance Chain, Core for ERC20 - Core Chain & BRISE for BRC20 - Bitgert Chain to pay transaction fees
Recommended Wallets
MetaMask, Trust Wallet, Coinbase Wallet
Roadmap For PCR Deployment
Phase 1
Project Launch and Initial Marketing (Q1 2023)
- Release the PCR token on the Ethereum blockchain
- Conduct an initial marketing campaign to build awareness of the project among African entrepreneurs and investors.
- Launch the PropelCrypto website and social media channels to provide information and updates on the project.
Phase 2
Community Building and Token Distribution (Q2 2023)
- Build a strong community around the project, using social media, online forums, and other channels to connect with African entrepreneurs and investors.
- Distribute the PCR token to early adopters and supporters, using a variety of strategies such as airdrops, bounties, ICO (Initial Coin Offering), and referral programs.
- Provide incentives for holding and using the PCR token, such as staking rewards and discounts on transaction fees.
Phase 3
Partnership and Ecosystem Development (Q3 & Q4 2023)
- Establish partnerships with African businesses, organizations, and government agencies to promote the use of the PCR token and build a strong ecosystem around.
- Develop a range of use cases and applications for the PCR token, such as payment systems, remittances, and microlending.
- Work with developers and entrepreneurs to build the two (2) decentralized applications (DApps) for the project.
Phase 4
Expansion and Mass Adoption (2024 and Beyond)
- Expand the use of the PCR token to other African countries, using a combination of online and offline marketing strategies.
- Continue to build partnerships and develop the PCR ecosystem, with a focus on creating value for users and driving mass adoption.
- Collaborate with other blockchain projects and organizations to promote the use of cryptocurrency in Africa and support the growth of the wider blockchain ecosystem.
Tokenomics
Token Distribution:
Team and Advisors: 20%
Early Backers and Investors: 10%
Reserve Fund: 10%
Public Sale: 60%
Token Utility:
Dapp 1 Powered by PropelCrypto Token:
- Payment currency to access the platform contents
- Educating entrepreneurs and any individual on fundamentals of blockchain
- Course completion gives access to Dapp 2 for entrepreneurs
Dapp 2 Powered by PropelCash Token:
- Payment currency for registration on the platform
- PropelCrypto Community Token
- Working with any project through incubation and assistance in fundraising leveraging Web3.
Token Release Schedule:
As per Initial Token Sale Schedule: IDO with specified terms and conditions.
Staking Rewards: Staking rewards structure, including ROI percentages and lock-up periods will be announced after listing.
Burn Mechanism:
Token burn mechanism will be implemented, where a portion of tokens used for staking rewards are periodically removed from circulation. This will help control inflation and increase scarcity, which will lead to increase in token’ value. Announcement will be made when such is scheduled.
Ecosystem Incentives:
Periodic incentives will be announced for entrepreneurs, and investors to participate actively in the ecosystem. This could include rewards, discounts, or governance rights.
Security Measures:
Implementation of rigorous security measures, including smart contract audits, bug bounties, and insurance, to protect token holders and the integrity of the platform will periodically be carried out.
Conclusion
Despite our good intention to promote entrepreneurship through this project, the token
sale does not constitute an offer of securities or a promotion, invitation, or solicitation
for investment purposes. The terms of the contribution are therefore not intended to be
a financial service offering document or a prospectus. The token offering involves and
relates to the development and use of experimental software and technologies that
may not come to fruition or achieve the objectives specified in the white paper. The
purchase of tokens represents a high risk to any contributor. Tokens do not represent
equity, shares, units, royalties, or rights to capital, profit, or income in the network or
software or in the entity that issues tokens or any other company or intellectual
property associated with the network or any other public or private enterprise,
corporation, foundation or other entity in any jurisdiction. Please make sure you read
our privacy policy.
For more details about our project kindly write to us at support@propelcrypto.com
PARTNERS
