Blompayas, a blockchain startup incubator have declared their token pre-deal which is beginning on 2nd of July to 15th of July 2018. Blompayas aims to help African blockchain startup companies by assembling a blockchain startup incubation platform “Merit Chain” on Ethereum blockchain. The pre-token sale will enable them to begin the implementation of the “Merit Chain” advancement platform.
According to their official website, “Blompayas is a startup tech incubator designed to educate, seed, promote and accelerate early-stage technological innovative entrepreneurs building next-generation products in machine learning, artificial intelligence, big data, asset tokenization and other innovative technologies using blockchain technology.” The Executive director and co-founder of Blompayas Incubator, Chukwuma Rita said:
“The absence of blockchain incubators/accelerators is what is keeping Africans behind the scene in blockchain ecosystem, and for this problem, Blompayas is born to bring Africans to the fore front of the blockchain ecosystem.”
Implementing the “Merit Chain” Platform
Merit Chain is “an incentivized, Ethereum blockchain-based, tech startup incubation platform for Africans, designed for seed funding, blockchain education, startup support and ICO promotion.” The Merit chain project will be focused on the best way to use blockchain innovation to make arrangements that will be of suitable standard. Blompayas helps blockchain new companies in Africa to accomplish their operational tasks and objectives.
Amid the incubation period; new companies will be subjected to free blockchain training, leadership and business administration teaching. Blompayas will likewise seed new companies with a financial funding plan, ranging from $1000 to $10,000 in PAYA, up to 500 startup projects can benefit from this funding budget yearly. This project will empower them to create no less than a beta version of their product as well as test-running it, while Blompayas advances the startup ICO (Token deals).Aside from its utilization to seed blockchain new businesses, the PAYA Tokens will also be utilized as a means for payment for Blompayas services, alongside fiat cash and other acknowledged digital currencies.
Blompayas plans to offer 16,000,000 PAYA tokens to people in general stated below: 1,000,000 PAYA for Airdrop/bounty and 15 000,000 PAYA available to be purchased in two levels to raise $5 000,000 hard caps: pre-ICO and ICO. On pre-ICO tokens will be sold with 40% discount. The total number of announced tokens will be 80,000 000 and “tokens will be frozen for sale for a period of 24 weeks from the date of issuance” as per their website.
Blompayas is “Passionate about Africans Development”
Because no organization is currently attempting to help manage, guide, finance and accelerate the token launch of many promising African startups, they are at a slow pace in catching up with the blockchain innovation. The Blompayas team stated that they have a goal to grow and develop Africa’s stance and reputation in the blockchain ecosystem. Their website reveals that:
“We are great team of well experienced individuals in our field of professions passionate about Africans development, together with our team of experienced and supportive advisors, who are also passionate about Africans’ growth and development, wherein individually, have resolved to join force to help young Africans benefit in this emergence technology by giving them a helping hand to gain strong reputation in the blockchain ecosystem,”.