Since blockchain hype went into overdrive earlier this 12 months, you might have thought you’d already heard of each use for cryptocurrency. Well, you haven’t. Now AmbaCoin is getting used to fund the independence of a nation — the Republic of Ambazonia.
You could possibly be forgiven for not having heard of the Republic of Ambazonia earlier than. It all sounds somewhat like Dorothy has clicked her sparkly crimson heels once more and ended up in a land distant. And that’s most likely as a result of the Republic of Ambazonia doesn’t formally exist.
It is a patch of land in central Africa shaped by two provinces in Cameroon that the rebels preventing for freedom declared an impartial state final 12 months. And now they’ve launched AmbaCoin, a cryptocurrency, to fund it.
AmbaCoin will get its title from what Al Jazeera calls the “so-called Republic of Ambazonia.” So-called as a result of it has about as a lot legitimacy as a bunch of discontented minorities grabbing maintain of a nationwide park and declaring it a rustic. Yet the Anglophone separatists insist that they are going to win their independence–and so they’ll be utilizing blockchain expertise to do it.
AmbaCoin to Fund Freedom for the Cameroon Rebels
The rebels say that AmbaCoin won’t solely assist fund their independence and the creation of their very own nation, however it would additionally assist to supply for much-needed humanitarian assist within the within the northwest and southwest areas of Cameroon (in any other case often known as the Republic of Ambazonia).
According to the AmbaCoin web site:
AmbaCoin is a decentralised public blockchain and cryptocurrency for the New Nation Ambazonia. The AMBA initial coin offering is a Government Bond Smart Contract backed by the Rich Natural Resources within the territory, and a Buy-Back coverage by the Post Independent Ambazonian Treasury that’s supported by all political events of Ambazonia.
That’s nice information for traders taking part within the AmbaCoin initial coin offering. They can achieve this with out worry of regulatory compliance since they’ve all of the backing of the authorities (of a rustic that doesn’t exist). They may really feel fairly assured concerning the buy-back clause as soon as the target is reached.
If you haven’t gotten in on the presale but, there’s nonetheless time because it closes at the moment, December 27. And if you happen to’ve by no means invested in crypto earlier than, worry not:
For these prepared to put money into the Ambazonian revolution however lack the technical understand how, our in-house 24/7 tech assist will help you in securing your AmbaCoins.
According to the group at AmbaCoin, whom one imagines hiding someplace in a jungle however with a steady web connection, round the clock assist won’t be an issue for traders–getting the seal of approval for independence, alternatively, isn’t really easy.
Republic of Ambazonia Declared Independence in 2017
In case you weren’t following the headlines on the time, the Republic of Ambazonia was declared an impartial nation in October 2017. The terrain stretches throughout two primarily French-speaking areas in Cameroon which have, in accordance with rebels, marginalized and discriminated towards the English-speaking minority.
The central authorities launched a crackdown instantly and deployed troops to battle towards the rebels leading to greater than 500 civilian deaths and virtually 500,000 individuals having to flee their houses.
No resolution has come about but for the Republic of Ambazonia, but it surely does have already got a flag, a president, a nationwide anthem, and now, it’s very personal cryptocurrency.
Can cryptocurrencies be used to finance independence actions? Share your ideas under!
Images courtesy of Shutterstock, Wikipedia.org
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