Trucpal is an underlying platform that introduces security-based tokens into the platform economy to serve the Chinese freight industry.
The Trucpal Token is based on real freight transactions, backed by a Chinese operating company, and issued in compliance with US securities laws.
Gooood morning and a Happy Valentine's Day, Rainmakers! ☀️
As always, I have two captivating topics for you to dive into:
1️⃣ El Salvador's Bitcoin Bond has a date: The $1B Bitcoin Bond will be going live soon - the first of its kind.
2️⃣ Don't sleep on Africa: An ambitious plan to connect the entire continent of Africa via train is being put in motion via a $90B STO!
Without further ado, it's time to…
The most peculiar nation of all, El Salvador, drew headlines across the globe last year when they deemed Bitcoin as official legal tender.
A couple of months after that they doubled down on Bitcoin by announcing a tokenized bond backed by you guessed it... Bitcoin!
I am elated to say that the issuance date of the Bitcoin Bond has been announced and they anticipate it to be ready by mid-March!
According to Forbes, just one month after the announcement, there were already more Salvadorans who were using Bitcoin wallets over traditional bank accounts.
The banking of the unbanked is here at last.
But, as I mentioned in my newsletter a few months ago, this was just the tip of the iceberg.
In fact, being a developing nation actually hosts a lot of advantages when it comes to innovation and advancement.
Smaller and less fortunate nations like El Salvador have an unprecedented opportunity to take advantage of the blockchain world, by implementing legislation years before any developed nations can.
That's exactly what's happening.
Samson Mow and the Blockstream team have been absolutely integral in not only the adoption of Bitcoin but in the full development of their blockchain infrastructure.
El Salvador has the first-mover advantage here and looks to be supported by the Bitcoin community.
Here's a refresher on the issuance details of the Bitcoin Bond:
I hope this security token bond is a success, as it will set a precedent for other developing nations to follow.
Keep an eye out in mid-March to see how this unprecedented issuance unfolds!
A continent containing over 1.2 billion people and 54 sovereign nations, but with limited options to connect with one another.
A continent where crime, war, and poverty runs rampant - they are in desperate need of a train that can connect them all.
Insert Afrail Express High-Speed Rail Network!
They ambitiously plan to have a train running from South Africa (the southernmost country) and Morocco (one of the northernmost countries).
Via a security token offering, of course!
They plan to raise $90 billion through the Cillar STO, a new cryptocurrency forked on Ethereum and backed by 70% of Afrail Express Limited Class A Common Shares.
If successful, this would be the largest STO in history!
The project is a joint-venture between Afrailways AG and Namibia-based Groot Suisse Industries Ltd - plans to build a Maglev high-speed rail network to connect the entire continent of Africa!
Take a look at their plan!
Phase one plan is to connect Cape Town and Johannesburg to Casablanca via Lagos then to Cairo and back to Cape Town.
This not only provides ample-needed infrastructure, but it provides significant economic advancements.
According to their official press release, these are some more projected benefits:
Thanks for tuning in! Keep an eye out each Monday for the next security token adventure 🧗♀️
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