Certified START IDO: Meet Kamari a DeFi solution for 1.2 billion people and growing…
$KAMPAY aims to become the leading digital currency of Africa, the continent on which the 21st century will be built.
Certified START is quickly becoming an exclusive club, reserved only for the best and most promising projects to come through the STARTER launchpad.
Mercor Finance is the first platform to make algorithmic trading available to everyday traders, VEST is the first cross-chain unlimited token and liquidity locking service and, now, we welcome Kamari.
Every Certified START IDO is hand-picked, highly vetted, and all team members are KYC’d to ensure only the most genuine and promising projects are inducted.
In conjunction with our partners at Assure DeFi, every element of the business is analysed, from technical capabilities to business and team evaluation, marketing and audit, to tokenomics.
Kamari isn’t your typical cryptocurrency, it’s a sophisticated project with one of the most compelling use cases in all of crypto, a DeFi project that has been built from the ground up to serve a highly populous and specific group of people.
“We are not at the planning stage, we are ready to engage a whole continent”
Led by a core team of highly experienced lottery gaming executives, technologists, veterans of the crypto space, and influencers in Africa’s blockchain community, Kamari Limited, founded in 2018, is a real-world business with genuine distribution channels through National lottery licenses.
Now, let’s understand what Kamari is here to do, and how it plans to become the leading digital currency of an entire continent…
What is Kamari?
The continent of Africa represents a largely untapped market and presents a huge and unique opportunity for cryptocurrency to deliver greater financial inclusion.
Africa’s population is set to double to 2.5 Billion people in coming decades, with GDP across the continent anticipated to grow 10–20x. However, there are huge infrastructure problems to be solved to facilitate this growth.
Blockchain has a unique opportunity in the developing world to become the underlying financial infrastructure.
This will be faster, more adaptable, vastly more efficient, and more cost-effective than traditional banking. Today, African consumers and businesses are rapidly turning to bitcoin and cryptocurrencies because of transferability, low fees, and the investment opportunity of holding these often more secure assets compared with local currencies.
A multi-faceted solution
The Kamari solution is spearheaded by three key products, Kamari Wallet, KamPay, and Kamari Lotteries.
In bringing a new currency to the continent, Kamari takes a high-level perspective not only of the market but on how to capture significant market share. For the benefits of a trans-national African currency to be realized, there must be strong incentives that drive adoption.
Kamari combines a simple, powerful and effective medium of exchange with a proven user adoption strategy.
The Kamari Wallet is a multi-currency mobile and desktop client, with a built-in messaging application, which can store BTC, ERC-20, and BSC tokens. A minimalist interface conceals an array of powerful functions for more advanced users while allowing for quick setup and mastery for beginners.
This makes it easier for users who are new to cryptocurrency to be onboarded, while providing all the power of a full non-custodial wallet, including the ability to import and export private keys.
Available on the Google Play and App Store for download, the mobile Kamari Wallet displays wallet balances for BTC and KAMPAY on the app’s home screen upon installation.
The Kamari Wallet will enable its users to engage with the Kamari ecosystem via a smartphone, desktop or other smart devices to:
- Buy cryptocurrency — For users who have access to existing financial services, the Kamari Wallet will enable the purchase of cryptocurrency including $BTC, $ETH, and $KAMPAY directly within the application.
- Earn cryptocurrency — The Kamari Wallet is designed to provide financial access to as many people as possible, including the unbanked. The Kamari platform will provide a number of ways for users to earn their first $KAMPAY for completing tasks and challenges set by various applications. These will be disbursed from the community growth fund, with strict provisions in place to prevent the system from being gamed. This will ensure that tokens are made available to users who have a genuine interest in interacting with the Kamari ecosystem and becoming long-term supporters of its community.
- Messaging — Messaging is a key component of the Kamari Wallet. It enables anyone to connect and communicate with fellow Kamari users through encrypted chat. Messaging is fully integrated into the Kamari Wallet, enabling users to share their wallet address in one click and to send payments without needing to exit the messaging application.
Smarter, safer, and cheaper remittance. KamPay sits between the merchants and the consumer to facilitate trade and commerce powered by the blockchain.
What are the advantages of using KamPay for organisations?
- Lower fees for merchants and consumers versus using traditional centralised financial payment systems such as WorldPay or VISA.
- Trustless, automated settlement functionality using smart contracts.
- An easier and more efficient way for governments to collect tax revenue.
KamPay will allow safe, secure and large-scale participation in the digital economy across Africa, with low technical and transactional barriers to participation.
Kamari will allow participation in a number of African lotteries with a view to creating and developing a pan-African lottery. This will allow Kamari to adopt a model which offers significant prizes, with instant win games and major jackpots thanks to high participation.
The ultimate goal of Kamari is to explore the pooling of lotteries across most African countries to open up bigger prizes and more frequent drawings.
Kamari already has existing state lottery licenses for Cameroon, the Central African Republic, Sierra Leone, Gambia, Zambia, Chad, and Guinea, representing an adult population of over 55 million people. Immediate plans include the acquisition of licenses in Niger and Liberia.
To drive user acquisition and increase user lifetime value, Kamari will feature its associated products and games on a number of websites and in many physical retail stores and kiosk locations. These efforts will promote mass adoption and engagement both online and offline.
For lottery participation to be available to as many people as possible, it will be necessary for tickets to be available for purchase in-store using conventional point of sale (POS) systems.
As a multi-purpose currency and utility token, $KAMPAY will have a broad range of uses.
In addition to use cases that will be accessible upon the launch of the Kamari platform, further utility will be gained as the number of applications that integrate the $KAMPAY token grows.
Initial use cases include:
Trading fees: A P2P exchange, which will enable African citizens to swap BTC and tokens including $KAMPAY with one another, will charge a 1% fee for every completed trade. Fees will be deducted in $KAMPAY and placed in a treasury for platform improvements. Buyers are protected by both the multisig escrow wallet and by the KAMPAY tokens that the seller has elected to lock up as collateral.
Membership tiers: Users who lock KAMPAY tokens for a predefined period of time will be entitled to one of three membership tiers, Silver (1,000 KAMPAY), Gold (2,000 KAMPAY) and Platinum (5,000 KAMPAY).
Tokens that are locked for at least three months will be entitled to a membership tier commensurate to the stake for the duration of that period.
Privileges include enhanced reputation and a membership profile badge that will add trust from the perspective of other platform users. In the case of the Kamari P2P exchange, this will include placing members’ listings prominently at the top of the page, increasing their level of business.
Verification: To fully access certain products and services, including trusted trader status on the P2P exchange, users are required to stake a fixed amount of $KAMPAY tokens in order to create an account.
The same provision is enforced for buyers who wish to purchase in excess of a fixed threshold of cryptocurrency at a time. The verification stake is returned to the user over upon completion of a certain number of trades e.g., 100 positively rated trades.
In addition, KAMPAY can be staked within Kamari Wallet’s messaging application for users who wish to elevate their trust level, such as when serving as an escrow agent.
Identification: One of the biggest challenges faced by the unbanked in Africa is obtaining the necessary documentation for accessing digital services, including open finance. Through staking tokens as a bond, users can access a range of financial services and can leverage these to build up their social credit score, opening the door to additional products and services as their trust level grows.
Lending: $KAMPAY token-holders will enjoy access to lending and borrowing services, including the ability to stake KAMPAY in exchange for stable coin and fiat currency loans.
Microloans are a crucial means of bootstrapping small African businesses, but many entrepreneurs are denied access to financial services due to lack of credit history or documentation. With the Kamari platform, lenders can allocate capital to meritorious projects of their choosing and earn a fixed sum on their investment. Borrowers, meanwhile, can leverage the reputation they have accrued within the Kamari ecosystem to obtain capital over a fixed period.
The maximum supply of $KAMPAY: 1 billion.
Team and advisor tokens are locked for 12 months with monthly vesting for the following 12 months. 20% of Private Sale tokens (sold at $0.012) are unlocked with 10% per month unlocked for the following 8 months. Public sale tokens will be fully unlocked.
All BNB raised in the public sale (to be sold at $0.015) will be added to the liquidity pool on PancakeSwap V2, using START Vesting.
Meet the team
A fully doxxed and star-studded team of experienced professionals, Kamari combines a number of individuals who have worked in advisory roles to the UK and African governments, listed a number of companies on the London Stock Exchange, built multiple multi-million dollar businesses, and served as a communication consultant to the Ethereum Foundation and DEVCON1.
Chris Cleverly, CEO
Barrister Chris Cleverly, chairman of numerous listed entities and founder of Trafalgar Chambers, holds the title as the youngest head of chambers in the last century. He is passionate about Africa and the need for mechanisms to empower Africans to help themselves. His passion led to his role as an advisor to a number of governments both the UK and those in Africa as well as launching a $1billion Africa50 fund with the African Development Bank. He has listed a number of companies on the London Stock Exchange. Chris is also a regular presenter on TV and radio and a contributor to newspapers and magazines.
Raymond Sze, Co-Founder
Raymond Sze is the managing director of Solocas, a global gaming company. He is a serial entrepreneur with an eye for strategic marketing and a passion for e-gaming. Raymond brings over a decade of business experience from the e-gaming industry to Kamari, some of which includes his time as CEO to a global gaming company.
Dov Marcus, COO
A passionate Crypto investor since 2012, with a deep understanding of marketing and business development, over the past few decades Dov Marcus has built many successful multi-million businesses as an entrepreneur and as an investor. These businesses are focused online and offline, from direct retail marketing to online service provider indexes.
This core team will work with a number of industry experts to maximize Kamari’s potential.
Prince Hassan Kimbugwe of Uganda
Kimbugwe is a renowned entrepreneur and philanthropist.
Prince. Kimbugwe’s vast wealth of experience in sectors such as renewable energy, real estate, and fintech will be invaluable to Kamari’s growth not only in Uganda but also all across Africa and Europe. The Prince has a vision of bringing technological advances which will accelerate the Region’s growth.
The Prince’s part in the development of the Made in Africa Foundation raised $2bn with the African Development Bank. He introduced mobile money platforms to Uganda in 2007 and has been at the forefront of banking the unbanked in Africa ever since.
His Royal Highness Oheneba Yaw Otchere of Ghana
HRH Oheneba Yaw Otchere is an accomplished businessman with an extensive portfolio and network across Africa and beyond. His business interests include gold, steel, mining, construction, among many others. He’s got an entrepreneurial spirit and serves the Royal Ambassador to the King of Ashanti, His Royal Majesty Otumfuo Osei Tutu II.
In working together, Kamari will benefit from his expertise, guidance, and connections to advocate for the KamPay solution across the continent. Initially, the key project that we will collaborate on is his Accra Eco-Park Project located in Accra, the capital of Ghana. This ambitious Eco-tourism project spans 563 acres and, upon completion, will include the development of both commercial and residential facilities along with a first-of-its-kind Eco-Themed amusement park. The site will create over 30,000 new jobs and is projected to have 2 million visitors a year. Kamari enters the picture as a technology partner, offering our wallet as a way to provide seamless experiences for visitors, as well as increase KamPay’s userbase.
Addison is a new technology communications and marketing specialist, with extensive experience building communities around blockchain, and B2B and B2C applications.
Throughout 2015, he served as a communications consultant to the Ethereum Foundation and DEVCON1. Since then, he has gone on to help build some of the most recognizable blockchain brands including Binance, Zilliqa, Kyber Network, Beam, Ren, Perlin, and many more.
Simon Webster has 20+ years of experience of in successfully delivering commercial, marketing and media strategies to some of the world’s leading brands, including e-gaming.
Previous roles include Commercial Director at both English Premier League Football Clubs Leeds United and Everton. Simon is the CEO of the Intelligent Sports Group, which has for over 10 years successfully managed the commercial, media and marketing portfolios of a number of globally recognizable brands and rights holders, including professional international sports athletes and Premier League Football Clubs.
Kingsley is an entrepreneur and investor with vast experience in starting and running businesses in Africa. He serves as CEO of Rainbow World Group, a diversified Holding company with interests in sports, media, trading, telecoms and gaming.
Kingsley previously worked in the Washington DC office of the sports and media management company Wasserman Media, before transferring to the London office where he directed the firm’s Africa strategy. Kingsley holds a bachelor’s of Laws (LLB Hons) and is an alumnus of the Wharton School of Business, University of Pennsylvania.
Alex Lightman is a globally renowned blockchain industry entrepreneur, advisor, writer and keynote speaker. He is the founder of Token Communities Ltd., chairman of NextHash and Blockchain Commodities Exchange. Lightman wrote the ONE whitepaper for Brock Pierce to give away $1 billion as well as the crypto whitepapers for Fast Telecom ($6 billion a year revenue), Verity, Decentric Media, Ultimo Hombre, CobaltCoin, LithiumCoin, and GraphiteCoin.
He has won four global awards for technology and a national award as one of America’s ten most innovative educators. His undergrad was at MIT where he created his own major in Enterprise Engineering within the Dept. of Civil and Environmental Engineering and his graduate school was at both Harvard’s Kennedy School of Government and MIT’s Sloan School of Management.
Certified Start date: 18:00 UTC 3rd June, 2021
Guaranteed Allocation: Yes, 10 minutes. First come first served 18:10 UTC.
Direct Link: https://bscstarter.finance/#/pool/107
Softcap: 200 BNB
IDO price: 0.0000426 BNB/Token
Listing price: 0.0000482 BNB/Token
Liquidity allocation: 100%
Liquidity locked: 180 days
PancakeSwap listing time: 13:00 UTC 6th June, 2021
KYC whitelist is required to take part in the Kamari IDO: https://gleam.io/xOtPU/kamari-kampay-whitelist-campaign
✉️ Telegram: https://t.me/BSCstarter
🐦 Twitter: https://twitter.com/BSCstarter
🔊 Announcements: https://t.me/BSCstarter_announcements
🚀 START Contract: https://bscscan.com/token/0x31d0a7ada4d4c131eb612db48861211f63e57610
The #1 and most active community-oriented token presale platform for #BinanceSmartChain $START https://BSCstarter.finance