Cryptocurrency Exchange for Africa

A cryptocurrency exchange that supports trading in native fiat currency for all African countries.

A Software engineer and blockchain developer developed a production-ready cryptocurrency trading platform.

***** PILOT PROJECT URL ***********

We have created a test user account with preloaded funds. Use the following URL to access the pilot project. 

UserName: user1@ennarea.com

Password: #GoAfrica1888!

UserName: user2@ennarea.com

Password: #GoAfrica1888!

************ Project Overview ************

A cryptocurrency exchange and crowdfunding platform the enables user to trade digital assets with a native African currency. 

********** The Problems and Our Solution  ************

Despite having high demand, the adoption and development of blockchain technology in Africa, is relatively low due to the following main reasons.  

1. Lack of cryptocurrency exchanges that support trading in native fiat currencies.
2. Lack of beginner-friendly investment and trading UI/UX. Most exchanges are for professional traders.
3. Lack of crowdfunding Portal for startups and existing businesses to raise capital for their projects.
4. Lack of marketplace for creators and developers to promote and publicize their product.
5. Lack of Payment processors that provide crypto payment service.  

Ennarea Finance will provide the following solution

1. A cryptocurrency exchange platform that supports trading in native fiat currency.
2. A beginner-friendly and simplified trading UI/UX for new investors.
3. A startup launchpad and crowdfunding portal for startups and existing businesses to raise capital for their businesses.
4. Asset and portfolio management service on the behalf of investors.
5. Crypto banking and payment processing service for business that wants to accept cryptocurrency payments. 

*************** RoadMap  ******************

Pilot and demo release (Sep2021 –Mar 2022)

Ennarea finance is officially on pilot release since September 2021. Currently, we're testing trading functionality and other security features on a test blockchain network. System and account Security will be our main focus to provide users a reliable service.  

Activities and Milestones

• Process business registration and license.
• Addis Ababa, Ethiopia office setup and furnishing
• talent acquisition and team building
• Demo trading release.
• 5 thousand demo users.  

Production release and marketing campaign (Apr 2022 - Jun2022)

April 01, 2022, will be the official main net release of the Ennarea exchange. Trading of digital assets and cryptocurrencies will be available in native Ethiopian currency.   

Activities and Milestones

• Developers' get-together event in Addis Ababa & Official Product Release
• List 6 trading Pairs (ADA/ETB, ETH/ETB, BTC/ETB, SOL/ETB, XRP/ETB, LTC/ETB)
• Social media campaign
• Reach 50 thousand active users and $1 million daily transaction volume. 

Startup launchpad and crowd funding portal release (Jul2022-Jan 2023)

Activities and Milestones

• Intensive social media marketing camping continues.
• Startup launchpad and crowdfunding TestNet release.
• Startup launchpad and crowdfunding production release.
• Host New year event and promote service in Washington DC, Ethiopian diaspora community.
• Crowdfunding the first startup on New Year's Eve, 2023.
• Reach 100 thousand active users and $10 million daily transaction volume. 

Crypto banking and payment processing service release (Jan 2023 - Jan 2024)

Activities and Milestones

• Senior talent acquisition and team expansion.
• Office expansion.
• Crypto banking and payment processing service feature release.
• Developers' portal and sandbox environment service release.
• Intensive marketing campaign.
• Collaboration and partnerships.
• 1 million individual and business customers.
• Crowdfund 100 projects and raise $100 million in one year span.
• $50 million daily transaction volume.  

Market Expansion and penetration (Jan 2024 – Jan 2025)

Activities and Milestones

• Regional office setup and market expansion to Kenya, Ghana, South Africa, Nigeria, Angola
• Talent acquisition and team expansion.
• List trading pairs of crowdfunded startups that have successfully implemented their project.
• Collaboration and partnerships.
• Intensive marketing campaign.
• 300 trading pairs.
• 2 million active users.
• $1 billion daily transaction volume. 

********** Financial Plan ***************

one year office rent 70 sq/m includes furnishing and office equipment  = $10,500

two office assistance and customer support salary for one year = $5500

two freelance full-stack developers one-year salary = $29,500

cloud host for 1 year = $6500

licence and registration fee  = $750

legal consultant = $750

flight and hotel accommodation = $1500

Total requested amount = $55,000

********  The Team **************

Henok Lapiso

Founder, CEO

Young and passionate technology enthusiasts with business management and leadership skills, born and raised in Ethiopia, successfully managed a family-owned real estate business for six years. Moved to us in 2018 and established a Voice over IP business that provides international airtime service. Highly skilled software engineer and blockchain developer developed production-ready cryptocurrency trading platform. Ambitious vision to empower and modernize the financial system in Africa.

LinkedIn: https://www.linkedin.com/in/henok-lapiso-26bb281a2/ 

Twitter: https://twitter.com/henokp50