Umoja Coin Token on The Internet Computer

Umoja Coin is a project that aims to bring together people of the African descent and give them a voice in the blockchain ecosystem.
The idea of Umoja Coin is that business both in African countries and elsewhere can use it as a decentralized token.

The African Union recently recognized Swahili as an official Language thus Umoja Coin derives its name from Swahili. Umoja simply means Unity in Swahili.

It is the aim of UmojaCoin that the People of Africa can have a stable coin that would give them a common voice and that they can treasure. The coin could give them a voice while trading and interacting with the rest of the world.
This would require community participation to sustain the token and it is with that community growth that Umoja Coin reaches out to the dfinity community to help build this token and expand the internet computer ecosystem that would be used by millions if not billions of users around Africa and the world.

This post represents my personal views, which are derived from the information that I have collected. As Chief Scientist for UmojaCoin project, I am obliged by the law in the US to disclose to readers that this post is not meant to be financial advice under any circumstances.
“Always do your own research and commission your own advice. Thank you!” Brian Michira.

For #UmojaCoin, the Integration of Africa and the diaspora communities onto public blockchain is just the start of “blockchain singularity”.

The #UmojaCoin Protocol provides a trading platform where Africans and people in the diaspora can TRADE goods & services on Web3 without need for traditional IT, such as cloud services, server computers, databases, web servers and firewalls.

#UmojaCoin runs on the INTERNET COMPUTER; which PROVIDES cryptography, distributed computing, smart contract execution frameworks, and much more.
The ICmakes it possible for #UmojaCoin to run at web speed, with incredible efficiency, host code that serves web to users across Africa and the diaspora . In the development and engineering of UMOJACOIN users are able to learn on how to build products and businesses that scale infinitely on the Internet Computer.

People participate in the #UmojaCoin protocol by staking their UC tokens inside the NNS to create “voting neurons”. They can direct these to vote on proposals manually, or configure them to vote automatically, by following the voting of other neurons, in a system of “liquid democracy” where trust and expertise can be delegated on the fly. As a reward for participating in governance, the network allows neuron holders to earn “voting rewards”.

The proposal that #UmojaCoin plans to submit to the Network Nervous System will change the way Africa trades. #UmojaCoin brings together the African and African American communities by having a consensus vote that aims to bridge the cultural and economic differences by allowing users to participate in governance by voting on how to grow business in Africa and the diaspora which naturally would improve the network’s tokenomics.

TIP: remember that governance staking on the UmojaCoin protocol is very different to proof-of-stake staking that allows “validator nodes” to be joined to a network and help host a blockchain. Be careful not to get confused.

At any time, anyone can stake UC tokens inside the Network Nervous System to create a new voting neuron, which provides them with voting power that allows them to participate in the governance of UmojaCoin and earn voting rewards over time.

To ensure participants in governance are committed to the long-term success of the network, and will therefore vote in ways that promote its success, voting neurons lock-up the UC that is staked inside. In order to retrieve the UC inside a neuron, its owner must first “dissolve” the neuron.

The time this will take depends upon a configurable attribute of the neuron called the “dissolve delay”. A neuron owner can increase its dissolve delay at any time, but they can only reduce the dissolve delay by placing the neuron into “dissolve mode”, which will cause the dissolve delay to count down, day-by-day, until it reaches zero, at which point the UC can be retrieved. When a neuron owner decides to sell UC staked inside a neuron, the longer its dissolve delay, the longer the delay before the sale can occur, and thus the greater the probability they care about the long-term success of the network. For this reason, the longer a neuron’s dissolve delay, the greater its voting power.

Coming soon Across ALL AFRICAN NATIONS and In the DIASPORA :eagle::sparkles:

Fundamental changes are taking place in the world: what are the implications for Africa?

Not too long ago, I started being more vocal about #umojacoin
Two strategic shifts have inspired the development of UMOJACOIN. The first was the sudden collapse #COVID And the START OF WW3.
The second was the winding down of colonialism in tech as Big Giants like Elon Musk came to buy freedom of speech.

Today, Africa faces sudden changes in web technology. This has been mainly through developments of the Internet Computer and the dfinity Network. At the merge of African nations to UmojaCoin a Cold War started. These are the effects unfolding against the backdrop changes in global economics and society resulting from the COVID pandemic, climate change and the fourth industrial revolution, Web 3.

UmojaCoin is preparing a report to the African Union to be delivered at 10/3/22 via IcPeak on the Internet Computer.

After much debate as an African Descent I come to question slavery. What Political and Socio-Economic Situation enabled this terrible phenomenon to take place in the World? How can we as African descendants develop a future that is fair for all?

  • UmojaCoin is a starting point for an infinite dynasty of policy and economic developments that would transform the future of Africa

To achieve this common goal All African nations must overcome colonial boundaries and selfish interests and agree on a new set of principles . These would bring African voices to block-chain technology.

History doesn’t repeat itself, but it has lessons to teach. The AU mission at its creation boiled down to three core components that are worth recalling: governance and preventing deadly conflict, socio-economic integration and leadership and institutional reform all across Africa.

There is little doubt that in 2022 the world is in the midst of another inflection point that few predicted – or prepared for. Todays changes may require broader civic involvement. UmojaCoin proposes a new form of governance that would propel AU interests even further. An urgent question today is whether escalating tensions and competition among China, Russia and the US, and their non-African allies, will impede Africa’s democratisation. And will their wars and domestic abuses of power that threaten to undermine peace and prosperity, as well as national and regional integration have an effect on Africa and its descendants?

Africa’s socio-economic resilience and recovery was tested recently during the COVID pandemic. Wealthy Western democracies turned inward and practised vaccine nationalism. This hardship exacerbated inequalities and disproportionately hurt the poorest Africans.The war in the Ukraine over the past two months is already severely affecting the continent. A dire impact on food prices, and food and nutrition security in Africa is already being felt.

Amid the current escalating competition for markets and influence in Africa among the major powers, Africa’s collective agency needs to be reassessed. This is true for each of the eight AU affiliated regional economic communities too.

Africa’s regional and international relations today appear to lack the central leadership that would be only possible after deployment of UmojaCoin. UmojaCoin protocol would require a more bottom-up approach, with key inputs from non-governmental leaders. Stay tuned, UmojaCoin will be in your wallet soon! :eagle::sparkles:

lots of typing, meanwhile the coin is dead. no one cares dude. Thx

It’s a marathon not a sprint :eagle::100: #nipseyhustle

This post was flagged by the community and is temporarily hidden.

hey…relax it’s the weekend…take it easy…what ever fuck up ( or maybe not) you think you made is already done. Just take your Girlfriend or Boyfriend out for a drink, get a massage a kiss or something. stop watching CMC. you are not going to influence anybody in this forum. Smart people hang around here!!

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Africa has been widely reported as having one of the highest crypto adoption rates globally. This trend could continue if new developments on the Internet computer would emerge to scale through the development phase to a successful launches such as Umojacoin and IcPeak.

The governments of Cameroon, the Democratic Republic of Congo (DRC) and the Republic of Congo (Congo-Brazzaville) have all announced intentions to adopt cryptocurrency and blockchain-based solutions to drive economic progress. The three countries recently published separate press releases in which they outlined their initial thoughts on cryptocurrency and how they plan to integrate it into their respective economies.

UmojaCoin aims to bring this even closer by taking advantage of Bitcoin integration with the Internet Computer. The plan for All African countries should be to launch a universal coin (UmojaCoin) on the Internet Computer NNS.

"We’re not attempting to replace a national currency, what we are building is an organic hybrid currency , where UmojaCoin would be recognized regionally.” said Brian Michira

“A good way to think about a UmojaCoin in this context is kind of like Venmo or MPESA, a money transfer company in Kenya. However in this case we can send Bitcoin as UmojaCoin would have canisters among other advantages that would improve trade within Africa.

The future is bright, let’s work to achieve it together.

Just like the internet, which was little known at the beginning but has now become common, it seems quite obvious that the world will evolve in the direction of greater consolidation of this type of currency, (UmojaCoin). It is in our interest to reflect on the possibility for Kenya and all other African countries to directly integrate with this type of currency and to create a favorable legal and financial environment for its promotion.