TE Markets Ltd will launch its cryptocurrency and Africa's first consolidated exchange
Place / Date: - June 30, 2021 at 5:09 p.m. UTC · Read for 3 minutes
Source: TE Markets Limited
TE Markets Limited has launched its own cryptocurrency, XTEMCoin, which will start pre-selling on their website on Monday June 28th.
TE Markets Ltd is a Seychelles registered holding company with ongoing projects in South Africa, Zimbabwe, Zambia, Nigeria, Kenya, the Democratic Republic of the Congo, the United States of America and soon in Ghana. The Conglomerate is an African multi-faceted organization primarily focused on rewriting African history.
Why invest in TemCoin?
According to the coin's founder, Ian Mvula, “XTEMCoin, unlike other coins, will not only be a bare cryptocurrency, but will have real intrinsic value as it is synthetically indexed to defined commodity exchanges, indices, stocks and forex cryptocurrencies and you can enjoy it also the full recognition and power of TE Markets Limited and its various projects.
Ian went on to say that XTEMCoin has taken note of the criticism that is often directed against other cryptocurrencies; that is the criticism of the lack of foundations. In this regard, TE Markets Limited is building the first African consolidated exchange, trading almost all tradable instruments of the major asset classes including African commodities, and XTEMCoin will be the backbone of the exchange. It will be the common medium of exchange on the platform.
"This is an important foundation because the synthetic compound for the XTEMCoin currency gives it a much better source of intrinsic value than even fiat currencies," he said.
How does it work?
TE Markets' first goal is to use disruptive technology to solve the problem that other players in the African market are not currently offering.
An active player in the financial markets for over 21 years and more recently in the crypto markets. Ian Mvula, the CEO of TE Markets, says he has realized that there is no one-stop shop to trade in agricultural commodities, especially those of African origin, stocks, indices, forex and cryptocurrencies. To fill this gap, he and other business partners are developing Africa's first Consolidated Exchange, which is synthetically indexed to almost all tradable instruments, including African commodities.
XTEMCoin whitepaper is available on the website and claims that the coin will be listed on major crypto exchanges during its public sale, which is scheduled to begin on September 1, 2021.
Farewell, Ian Mvula said that TE Markets is rewriting African history and asked the public to take a risk and participate in the private and public sales of XTEMCoin.
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