What value proposition does EACOIN have over bitcoin or ether? Why not use these currencies in Eastern Africa instead?
Good point.
Well, here's 3 key reasons that we go into in depth in our whitepaper but in summary:
1. This is a crypto revolution we joining.. a platform that is DECENTRALIZED and can enable a whole lot innovation by the PEOPLE just like BTC or Monero or Ripple compare against USD or Peso or yen. Am sure if you on this forum you know the benefits of crypto vs fiat.
2. East African colonial currencies are weak, manipulated by corrupt govts and thus HORRIBLE in inflation. Think of the Feds QE on steroids year after year. Dont trust me.. ..look for yourself at any of their 5 year currency vs the dollar and see how you would be LOSING by HODLing their currencies.
3. BTC and ETH are good, but lets face it mining is an intense costly power consuming practice not ecofriendly at all and so not for everyone, much less 3rd world nations. ETH too is good but theres no marketplace of people who will stake it and offer it locally. With EACO, we have a community of backers- with local agents/vendors who will CASH out your crypto. Each region of Africa will now have their own coin just as each region of the world have their own alt-coin variants. Now THATS decentralization...we not looking for globalization of 1 crypto but the opposite, in an alternate setup where govts or inter-govt treaties run by oligarchs cannot easily screw the avg citizen.