Built on Ethereum
Each ZAR token is backed either by South African Rand or Ethereum. For customers with SA Rand bank accounts, 1 ZAR can always be redeemed for R1.00 through a standard KYC process.
Decentralised token swaps between ZAR & ETH/ERC-20 tokens, thus your digital assets are always in your possession.
USD / ZAR Limit Orders
Trade between ZAR & USDC, a dollar stablecoin, from your wallet without the need to deposit tokens.
Month-end attestations to verify the entire supply is consistent with ZAR in reserve accounts.
Deposit fiat Rands via EFT and receive Digital Rand (ZAR) tokens into your Ethereum wallet. Newly minted tokens will be created directly into user's wallets.
Redemptions from Digital Rand (ZAR) to fiat Rands from reserve accounts to a SA bank account, simply by sending ZAR tokens to our redemption Ethereum address.
Swap Digital Rand (ZAR) tokens into Ethereum or many ERC-20 tokens and visa versa. Metamask, Ledger, Trezor & dApp mobile wallets accepted.
Add liquidity depth to our Digital Rand (ZAR) exchange pool and earn 0.3% commission fees in relation to your holdings.
Under consideration, but not limited to:
- Botswanan Pula
- Moroccan Dirham
- Zambian Kwacha
- Sudanese Pounds
Decentralised limit order trading against ZAR as the base pair:
- BWP / ZAR
- MAD / ZAR
- ZMW / ZAR
- SDG / ZAR
Representing a basket of all ZAR pairs that can be used throughout the African continent where the fiat currency is unstable and access to banking facilities is limited.
The end-goal is to seamlessly allow South African's the ability to convert fiat Rands into Digital Rands. Once an individual has received the Digital Rand (ZAR) tokens into their Ethereum Wallets, they would be able to:
Hold onto the tokens as a hedge to falling digital asset prices
Exchange the token into Ethereum or many ERC-20 tokens via a decentralised exchange
Send tokens as a means of payment
Transact for goods & services
Add liquidity depth in order to earn commission fees