Easy Access to Buying Bitcoin in Nigeria
price in Nigeria, you are at the right place you should go with BolenumExchange.
The duration of a transaction is fast and easy both on the seller’s side and from
it take sellers less than 5mins to complete a transaction. Bolenum Exchange
charges the lowest fee as compared with major players on the market. Bolenum
has recently launched and concluded a successful initial coin offering that saw BLN,
the native token of the Bolenum platform, listed on CoinMarketCap at a high of
around US$7.16 for 1,000 BLN.
In this article, we’ll take a look at Bolenum Exchange and find out how the
project is tracking to help you understand where the Bolenum platform is headed in
What Is Bolenum Exchange?
The Bolenum Exchange is currently live, and is the alpha version of a fully-
fledged exchange that Bolenum plans to roll out as part of its comprehensive
roadmap. The Bolenum platform is intended to bring the cryptocurrency
revolution to Africa, which is home to more than 1.25 billion people that are
currently less aware of the impact crypto is having on the world at large.
In the Bolenum whitepaper, the Bolenum team outline some of the key reasons
why Africa is currently falling behind the rest of the world in the development
and adoption of blockchain technology. There is currently a lack of public
knowledge and news coverage regarding crypto in Africa, which is further
compounded by the fact that there is not a lot of technical literature translated
into African languages.
Additionally, there are few people that are even aware of crypto or blockchain
technology across Africa as a whole, and for those that are there are many
barriers to entry that prevent them from becoming involved. Many exchanges,
for example, don’t allow individuals from African nations to even register.
In order to tackle these problems, Bolenum has launched an Ethereum based
token called the Boleno Token, or BLN. The BLN was successfully launched in an
ICO in August 2017, and is specifically designed to increase African participation
in the cryptocurrency environment.
Serving as the currency of the Bolenum project, the BLN functions as a classical
cryptocurrency, delivering a means of storing value outside of hyperinflated
African nation currencies as well as functioning as a secure method of payment
outside of fiat currency.
The Boleno Exchange is the second element of the Boleno project, and is
designed to combine the characteristics of a traditional cryptocurrency exchange
with a new perspective that includes peer-to- central fiat funding. In addition
to trading cryptocurrencies, the Boleno exchange will also support a diverse
range of African fiat currencies.
Users of the Boleno Exchange will be able to access a wide range of trading
tools in order to make informed trading decisions, as well as access the
Bolenum wallet, which supports any Ethererum ERC20 tokens or contract.
It’s great to see the Bolenum Exchange project kicking off with a live exchange,
as there was a small amount of doubt from industry observers expressing
concern over the lack of a public face to the Bolenum team, and the company
behind the Bolenum platform found to be registered as a UK-based financial
At this point in time, it appears that the Bolenum exchange only supports ETH
and BLR, but as the platform is still in an early alpha, this is to be expected.
Bolenum Exchange is great when it comes support. In plain words, the response
rate is quick.
If you wish to contact our customer support, you will have to fill a support ticket,
then we will get back to you within 24 hrs or better still use a ‘live chat’ and get
instant response from our well experienced customer support team.
Bolenum Exchange Conclusion
While the Bolenum Exchange is still in the early stages of development, it’s
showing a great deal of promise and if it achieves success could potentially
provide individuals in African nations with a viable and highly effective means of
value transfer outside of hyperinflated fiat currencies.