Noones media join is an interactive meetup with key web3 media platforms in Africa geared toward showcasing what Noones is constructing. The Media join session led by Frisco d’Anconia, featured Ray Youssef and Nnamdi.
Ray Youssef the founding father of Noones started the session by sharing his imaginative and prescient and advocating for African unity. His primary insights are that extra regulation is just not going to resolve African issues. Overregulation stops commerce and creates poverty and makes the cycle worse.
What ails Commerce in Africa?
- What we want are a decentralized platforms, educated inhabitants
- Schooling –enabling individuals to know key facets akin to 2 issue authentication, conserving your individual cash secure
- We will’t commerce with one another; make it simpler to commerce with one another. That is financial apartheid; the invisible barrier that creates hindrances that prohibit commerce amongst totally different individuals. That is attributed to excessive prices and complex processes.
- We don’t assist one another; there are such a lot of entrepreneurs in Africa however individuals don’t wish to companion with one another to construct nice stuff. A rising tide raises all ships.
Ray envisages Noones media Join as a about optimistic, inspiring setting that allows individuals to assist one another. Small groups of inspiring builders that unfold that can convey fast change throughout Africa.
Noones Mission & token launch
Noones media join additionally hinted that the corporate can be making personal token launch in Q1 of 2025. Criticizing lots of the present tokens for his or her revenue distribution methods, advocating for a peer-to-peer mannequin that promotes shared success.
Nnamdi additionally emphasised on Noones imaginative and prescient of leveraging crypto to serve the below banked throughout Africa. That is by creating an interconnected ecosystem the place Africans can commerce
Noones provides- monetary instruments(app), safe setting for individuals with no formal banking expertise
Africa remittance downside: providing different with blockchain resolution
- Increasing into decentralized finance
- Native token shall be used as a remittance rail & cross border commerce
Questions from media attendees
- How will Noones assist African entrepreneurs?– allow pan-African commerce by way of blockchain through P2P buying and selling. Noones can even allow small companies to get capital/loans/funding through reward playing cards. Allow small companies to create and difficulty personal reward playing cards. Provide customers reward playing cards which are redeemable after a sure cut-off date. These could possibly be used as small loans/credit score below a safe and clear blockchain.
- How about training initiatives? : Noones academy. Younger people who have power however don’t have jobs. Presently the wave is faucet to earn. Not significant work. Tokens stays finest solution to align incentives. The noones tokens shall be designed to get half a billion Africans unemployed doing work that can translate into cash.
- How will noones go round regulation: The corporate is open to any regulation from any jurisdiction. Regulation needs to be cheap. For instance asking for all information from customers is just not cheap. Noones won’t ever promote consumer info in change for license. Regulation typically is just not meant to assist however to stifle new enterprise improvements.
The session ended by the group promising to be doing extra Media join on occasion.
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