FAQs

Safcoin is a cryptocurrency created by South Africans for Africa.
SAFCOIN is an exclusive African cryptocurrency. It was built by 3 South African e-commerce entrepreneurs with the aim of democratizing cryptocurrency for the whole of Africa. We want to empower ordinary citizens to join the cryptocurrency revolution, by making trading simple and easy to understand.

Our vision is to develop an intracontinental crypto-sending and crypto e-commerce platform that lets Africans send money to friends and families and trade with businesses anywhere on the continent – instantly and with zero transaction fees. We believe that we can revolutionize trade on the continent by making it possible to transact with anyone, any business, anywhere, minus the middleman.
After a successful Initial Coin Offering (ICO) in 2018, SAFCOIN officially launched on an exclusive South African Exchange on 13 December.

In 2019 the African USD exchange was built which enables All African countries to unite and trade on one platform with each other in Bitcoin and Safcoin selling for USD Fiat money.

And, as a start-up business ourselves, we’re on a mission to help new and emerging crypto miners succeed in a highly competitive market.

China is one of Bitcoin’s biggest issues.
Chinese pools control an equivalent of 81% of the Bitcoin mining.
China – 81% | Czech Republic – 10% | Iceland – 2% | Japan – 2% | Georgia – 2% | Russia -1%

There’s no room for any new miners Especially for you as an individual in South Africa.
Hundreds of South African bitcoin miners have pulled plug on their mining because of competing against China and because of South Africa’s – Eskom costs and problems.

– The expensive machinery used to compete against Farms in China
– Internet connectivity and speed
– The climate

Safcoin being a proudly South African founded crypto wants you as South African to own 70% of the African Safcoin mined coins with an easy to enter cloud mining pool.
Therefore, we are offering you and South Africans the first option on the pools that are available.

There’s only a specific amount of coins mined every month, 70% of the mined Safcoins are distributed to pool owners. When the pools are sold and the 70% reached, it is closed. Our pool guarantees the amount of Safcoin paid out every month. This is why it is limited. Pool owners will have 1^st choice on renewing every year. Pools have not yet been marketed into Africa, We are offering you as South Africa first option on a package.

SAFCOIN mining will run for the next 5 years, with a new block created every 2.5 minutes. Approximately 172 000 coins are mined each month. Rewards are halved every year. 70% of all the mining coins are distributed into the mining pool, therefore the number of packages are limited.

Choose from 3 once-off cloud mining packages – all valid for a year, with the option to renew. Packages range from R3500 to R29000, all with guaranteed monthly rewards.

The Packages are a once-off purchase. You buy your package online. And you receive your monthly SAF into your wallet all automated.

R3 500 package is 2.5 SAF per month with a Total of 30 SAF, 100 packages available

R13 500 package is 10 SAF per month with a Total of 120 SAF 100 packages available

R29 000 package is 22.5 SAF per month with a Total of 270 SAF 100 packages available

In the early stages of a crypto the miners are the ones creating the actual crypto and they are the ones who reap up the most benefits in start up crypto’s.  Not all crypto’s can be mined. Safcoin is like bitcoin and can be mined.

Bitcoin miners in the first 3-4 years benefited HUGELY by mining.  This is exactly the opportunity Safcoin is offering you today. You can also buy more Safcoins and hold on to them, as the price is still low and it can go up when Safcoin penetrate the whole of Africa, but with mining for the start-up crypto you will benefit more for less at the start.