Topic: [ANN] MOYA Networks - Bringing Data to Africa at the Speed of Light - page 46. (Read 15379 times)

Congratulations on a grand vision for Africa.

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The low Data penetration rate in Southern Africa compared to levels elsewhere clearly indicates the pent-up demand for broadband connectivity. Moya Networks, a project created by seasoned Pan-African ICT professionals, experienced in developing and managing ICT companies, plans to bring transparency to the Southern African wholesale markets in an effort to ramp up internet connection inclusion in the area.
 
In the Southern African wholesale market, Cables such as SAT-3 and WACs until recently have held unchallenged market positions, which has resulted in data prices that are between 10 to 20 times more expensive than those in markets outside of Africa. Market research carried out on behalf of Moya currently estimates the cost of a single STM-1 for international connectivity to Africa to be US$115,000 per month. The current market price for satellite access to Africa is between US$4,000 and US$8,000 per Mbps per month.
 
In order to fix the current lack of efficiency found in this market, Moya will leverage its team’s experience and contracts to provide submarine capacity and terrestrial capacity obtained from multiple partners to offer a range of lower-priced world class Synchronous Digital Hierarchy (“SDH”) and Internet Protocol (“IP”) network transport services that are designed to meet the needs of a wide range of African Internet Service Providers (ISP’s),international carriers, content providers, large multi-national businesses and governments.
To do so, Moya Networks will issue its own cryptocurrency token which will act both as a fundraising method and an opportunity for early supporters to be directly involved in the project.


Moya Tokens (MTK) are ERC20 tokens based on the Ethereum blockchain. They will serve both as a fundraising mechanism that will allow Moya Networks to fund the purchase of ACE submarine cable capacity, terrestrial fibre capacity and fund the operations of Moya.
  
The Moya token will also grant the holder the right to receive 20% of Moya's profit on an annual basis. Any number of tokens (100%) sold at the end of ICO have a right to receive 20%of the company's profits on an annual basis.

Moya seeks to raise 6,000 BTC ,to purchase capacity rights in the Africa Coast to Europe Submarine Cable System (ACE). Moya will sell MTK tokens (MTK) over a 4-week period to the Cryptocurrency community. The MTK Token will be issued on the Ethereum platform. Bitcoin and Ethereum cryptocurrency will be accepted for purchasing MTK. Investors purchasing Tokens during the token sale will be eligible for bonuses.  

ICO Timeline:

- Pre ICO 1 Nov to *15th* Nov  (*30%* Discount)
- ICO Launch 15th Nov to 15th Dec

• Fund Raise Cap: Max. 2,000
• Accepted Purchase Methods: BTC & ETH
• Native Blockchain: Ethereum (ERC20)
• During the sale, MTK tokens will be offered at: http://moyanetworks.com

Distribution of Funds: The funds will primarily be used to purchase capacity rights in the Africa Coast to Europe Submarine Cable System (ACE) based on ACE-Moya existing contracts at the close of the ICO; to purchase backup capacity on the West Africa Cable System (WACS); and to purchase telecommunications equipment from qualified vendors; to install the equipment in the Moya backhaul network; and for the operations of the Company. Funds will also be used to pay personnel in the startup phase of the business.


 
Two Signatories will be assigned to the receive wallet (One from Moya and one Independent Escrow Agent). The release of funds requires two Signatures.
Funding Release Milestones:

• 80% of the tokens sold will be directly released to crowdsale participants at the end of the crowdsale.
• 20% of the tokens sold will be directly released for the purchase of additional submarine cable capacity, terrestrial backhaul capacity, marketing expenses, partnerships, team and employee expansion. Yearly access to investor company financials on request.