Cowrie, a distinctively South African creation, has re-invented how cryptos will appear in the future all across the world. Cowrie is the initial crypto in the globe to simultaneously initiate several ground-breaking new ideas. For example, it is the first coin to offer a money-back warranty as well as built-in features that reduce price volatility. By doing so, Cowrie eradicates the typical flaws that are associated with other cryptocurrencies. It also provides South African investors with a significant benefit: they are protected from financial loss for as long as they continue to keep the coin they first purchased.
Cowrie is its unique kind of cryptocurrency, apart from all others. It eliminates the problems that were present in earlier versions of cryptos by rectifying the conditions that handled the price volatility that kept investors up at night. Additionally, it mitigates the risk that you will lose the initial investment you made because you will be offered a money-back assurance on all purchases. Since South African nationals are the only people who may take part in Cowrie’s Initial Coin Offering (ICO), local investors have a significant edge.
Money-back guarantee
In contrast to the other best Crypto South Africa, Cowrie provides a revolutionary money-back promise to South Africans who invested in the original and yearly coin offerings for the first 27 years. This guarantee is available to South Africans who have purchased Cowrie. The money spent by South African buyers to gain Cowrie is placed in trust with a large local bank and managed by one of the most prestigious law firms in the nation. This trust remains in place until the Cowrie is exchanged or sold.
This ensures that South Africans who participate in the ICO will not suffer a loss of capital: when the price rises, they have the option of either holding on to their investment to keep the money-back warranty while also accruing incentives or trading to realize their profit.
Cowrie includes various designed features meant to decrease price volatility
This is one of the many advancements that Cowrie is introducing at the same time as other developments.
The first issue is the gradual distribution of coins. In the beginning, only 183 million coins will be made available to South Africans by Cowrie. After that, the company would “slow release” batches of coins annually for the following 26 years, but solely for South Africans.
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A significant portion of the original investment in Cowrie will be kept – and not sold – by investors who wish to safeguard their 100% money-back guarantee and reap the benefits associated with retaining the coins for a certain amount of time. This will reduce the supply and moderate price fluctuations.
The so-called ‘whales’ are essentially barred from participating in the first coin issuance and any future ones, which is another factor that helps to lower volatility. Whales are huge investors that participate in most cryptocurrency debuts. When they sell their holdings at a profit, they produce a lot of price fluctuation. The restriction on the amount of Cowrie that each South African buyer may gain at each issue, which is set at R1 million, essentially prevents any potential pump-and-dump methods and helps to maintain market stability.
It gives a competitive edge to SA
Cowrie coins are exclusively accessible to South African nationals during their first offering and future offers. This ensures that any gains made from the original investors will be kept in South Africa. In addition, the price of participation in the initial coin offering (ICO) is just R0.60, making it possible for every South African to take advantage.
Additionally, South African traders who keep their Cowrie may also accrue reward – at the level of 15% per year, which is up to 50% greater than the rate of interest that is readily available for cash.
Because of these qualities, the price has been able to remain stable and rise over time. As a result, investors are encouraged to keep their coins to safeguard their guarantee and harvest their benefits. This helps to restrict the supply on the market and maintain the price.
After the first 183 million coins have been sold to South Africans, the currency will be published on one of the world’s largest crypto exchanges. This will generate utilization and demand throughout the globe and make it possible for South Africans to trade their Cowrie to buyers in other countries.
It is a social investment project
An important aspect of social investment is that a sizeable amount of each Cowrie coin is placed in a community trust, which is responsible for assisting disadvantaged communities within each of South Africa’s provinces. The sum of money that may be produced for betterment can reach billions of Rands if the value of Cowrie continues to climb.
Participation is not difficult
Because of all these traits, the South African Cowrie is set to become an unparalleled experience cryptocurrency, and local crypto traders should not pass up the chance that this presents.