Built on Ethereum
Every dZAR is backed by another asset of value. Our collateral portfolio is diversified, allowing multiple assets to guarantee the value of each dZAR.
Decentralised token swaps between dZAR & ETH/ERC-20 tokens, thus your digital assets are always in your possession.
dZAR tokens can be purchased using a credit or debit card from the following supported African countries:
South Africa, Kenya, Namibia, & Nigeria.
Convert fiat Rands via a credit/debit card and receive Digital Rand (dZAR) tokens into your Ethereum wallet. Newly minted tokens will be created directly into user's wallets.
Redemptions from Digital Rand (dZAR) into Ethereum and then deposited into a trusted South African exchange, and then withdrawn into fiat Rands to a SA bank account.
Swap Digital Rand (dZAR) 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 (dZAR) 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
Representing a basket of all African Stablecoins that can be used throughout the 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 (dZAR) 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