COWRIE is a blockchain-based international utility gifting token designed to support South Africa’s digital economic recovery. More
| Fully Diluted Valuation | $241,107 |
|---|---|
| 24H Trading Volume | $3 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 1.38 M |
| Total Supply | 481.69 M |
| Max Supply | 1.45 B |
| Founder | Adam Craker |
|---|---|
| Website | mycowrie.org |
| Socials | |
| Chains | Binance-smart-chain Ecosystem |
| Explorer | Binplorer 1 more |
| Contracts |
0xde5....a9e9e
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| Name | Pair | OG Score |
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In response to the economic challenges caused by the Covid-19 pandemic, the COBRA initiative (Covid Business Rescue Assistance) was founded in 2020 to help struggling businesses. One key outcome of this initiative is the creation of COWRIE, a blockchain-based international utility gifting token.
The Creation of COWRIE
King Makhosoke II of the AmaNdebele Kingdom approached COBRA to find ways to support his community. Recognizing the potential of blockchain technology, COBRA introduced COWRIE to aid in economic recovery.
Overcoming Fraud and Economic Challenges
Fraud and corruption in Africa often deter donors from contributing, fearing their funds won’t reach those in need. Additionally, South Africa’s economy is struggling and needs financial support.
An Incorruptible Financial Solution
COWRIE addresses these issues by providing a transparent, self-regulated financial instrument. It aims to reduce income inequality, which is notably high in South Africa.
COWRIE operates through a transparent Trust structure combined with blockchain technology. Each year, new COWRIE tokens are released to support sustainable economic growth.
How COWRIE Can Be Used
COWRIE is designed for a variety of uses:
Gifting: Users can send and receive COWRIE globally.
Purchasing: COWRIE can be used to buy goods in local and online stores and hire services.
Earning and Trading: Users can hold COWRIE to earn rewards or trade it for profit.
Community Projects: COWRIE can fund local community projects.
Competitions: Users can enter competitions using COWRIE.
Support and Endorsement
COWRIE is supported by SAtion, which leads South Africa’s digital revitalization strategy, highlighting its role in the economic recovery plan.
Conclusion
COWRIE leverages blockchain technology to support economic recovery and social development in South Africa, providing a transparent and versatile financial tool for a brighter future.
COWRIE is unique as a blockchain-based utility gifting token designed to support South Africa’s economic recovery with radical transparency and incorruptibility, aiming to reduce income inequality.
COWRIE was created by the COBRA initiative in response to a request from King Makhosoke II of the AmaNdebele Kingdom, with the goal of aiding local communities.
COWRIE is endorsed by SAtion, which has been tasked by Business Unity South Africa to lead the country's digital revitalization strategy.
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