FIRESIDE
ZIMBOCASH is now live!
Hi ZIMBOCASH Family
BOOM, we did it!!
We’re so excited today to tell you that we did it!
We’ve been itching to tell you but we couldn’t until our updated sign-up system went live – which it did this morning. We’re still working to improve on it all but…here we go!!
We created the ZIMBOCASH currency token with a blockchain and wallet system.
We’ve also just listed on one of the largest exchanges in the world last week. It has been a great launch. The price more than doubled in daily trade on the first day.
![](https://www.zitenga.com/wp-content/uploads/2020/05/ZASH-listing-price.png)
It’s been a long time since we last communicated via a fireside chat – we felt that we should focus on the development of the token and launch it well. And here we are today. It’s a huge moment for us.
There are still some integration aspects that we are working on with the wallet and token. But the token is live and so is the exchange.
If you are Zimbabwean, you will be able to start making payments later in the next few days. For now, you can sign-up on the system, you can see the blockchain here, and the exchange price is live here.
Many people said we couldn’t do it. We are at the start of this journey but with an actual token that is fixed in supply and an exchange price, we have made huge strides towards our goal. We want to build a decentralised currency system for everyone in Zimbabwe. We are excited to be on this journey with you.
As the country collapses in hyperinflation, with mass money printing schemes and shortages across the country, our system is pitched to work.
Steps to a decentralised currency system
The secret sauce of a decentralised currency for Zimbabwe
There are six basic ingredients to this secret sauce that we have needed to get right:
- We need a blockchain cryptocurrency established
We have created this on the TRON.Network using a TRC-10 token.
- The total amount of money needs to be fixed in supply
There are a total of 4.5 billion tokens in circulation. No more can be created by us or others.
- We need to have a liquid market price
We listed last week on Bithumb Global, one of the largest crypto exchanges in the world with over $4 billion in monthly trade volume. The latest price for ZASH is 0.3c each.
- We need to have a wallet infrastructure that appropriately allocates the ZIMBOCASH and manages the various validations
This is live and facilitating updated sign-ups. The transaction functionality on the wallet will be updated within the next few days. We will have the live market price on your wallet, so you will be able to see what your reference price is and will be able to transact with others. We are also working on two factor authentication.
- Network across Zimbabwe
This is where you come in. We’ve started with a pre-launch subscriber base of 30 000 people. You get more ZASH when you refer others and if you want to sell on the exchange, you need to make transactions with others and grow the network.
If you want to sign-up or log-in to your wallet, go to www.zitenga.com to find out more.
For our full press release on this, you can go here.
We’ll be sending out more regular fireside chats to keep you updated with what is happening in this space. However, most of our communication will be via our Telegram group which we encourage you to join at https://t.me/zimbocash.
If you have any support queries, please contact us on this group – https://t.me/zimbocashsupport.
As Zimbabwe collapses under the weight of a money printing system, we are providing a solution for ordinary Zimbabweans.
Warm regards,
The ZIMBOCASH Team
READ MORE
We’re back — 2023 is the year for ZASH in stores
Dear ZIMBOCASH Family, Greetings from our team. We trust you are well. Thank you for your patience. We’ve been on a radio silence with our fireside chats for the past few months. The reason — we’ve had some changes in our team and we have been working on our ZASH...
The BIG Talk!
Dear ZIMBOCASH Family We have had so much positive feedback since our presentation at the inaugural Anti-Money Laundering conference in Harare last week. Good news, we have uploaded the videos to YouTube — you can watch them here. The main talk from the ZIMBOCASH...
ZIMBOCASH invited to present at regulatory conference.
To our faithful ZIMBOCASH Family Big presentation coming this weekWe are excited to announce — we have been invited by the Financial Intelligence Unit (“FIU”) of Zimbabwe to present at the inaugural anti-money laundering conference on the 13th and 14th October 2022....
The Scary Truth About Central Bank Digital Currencies.
Dear ZIMBOCASH Family Greetings from us here at ZIMBOCASH. We stand at a moment in history where the central banks of the world are working together to create one globally integrated cashless banking system that will record all of the world’s transactions on a single...
The US dollar is not the solution to Zimbabwe’s problems!
Dear ZIMBOCASH family About a month ago, the US dollar became legal tender in Zimbabwe, as part of the adoption of a multi-currency regime. But the US dollar is not the solution to Zimbabwe’s problems. Here is why. Brace yourself, this is a longer article. We need to...
Great news in the midst of the chaos!
Dear ZIMBOCASH family Zimbabwe is in a state of major economic turmoil right now. It dovetails with an important announcement from us for our community. The state of ZimbabweThe Zimbabwe dollar is depreciating rapidly as a medium of exchange and the government is...
The price of bread has done what?!?
Dear ZIMBOCASH family, As we write this, Zimbabwe is entering hyperinflation again. When we went live with our ZASH vendor program the price of bread was Z$ 115, today the price is over Z$ 900. That is almost nine times the price it was two months ago. It is not just...
People buying food with ZASH — vendor pilot
Dear ZIMBOCASH Family Just over a month ago, we announced an exciting collaboration with ZiTenga to provide stores with a cash-out facility for ZASH purchases. Supermarket accepting ZASH As part of this, on the 11th of April, PW Trading, a supermarket in Njube in...
Vendor Cash Out
Buy a bag of mielie meal using ZASH! Dear ZIMBOCASH FamilyThe most popular questions we get from people is, where can I use my ZASH? Which vendors use ZASH in trade? This is the crucial question of our network. Without vendors, there can be no buyers. Without...