Afrostar is an Africa's unified digital currency. As per its whitepaper, it aspires to be the continent's trustworthy and widely used digital currency, and a global cryptocurrency. Afrostar makes it easier for people from different African countries to trade. People that send money home to Africa through the Afrostar ecosystem are eligible for additional incentives.
According to the whitepaper, Africa is one of the world's most rapidly expanding regions for peer-to-peer digital currency trading. Unlike the rest of the world, the amount of digital currency trade in Africa has steadily increased in the past five years. According to ‘The Global Crypto Use Index’, which tracks daily adoption of cryptocurrencies, African countries are among the top ten cryptocurrency users in the world. Besides this, Africa has the world's youngest population compared to any continent. As a result, a trustworthy, African-focused cryptocurrency and ecosystem are in high demand. Afrostar is the answer for all African countries.
The Afrostar ecosystem is a collection of online tools and decentralized applications (Dapps) for crypto traders powered by the Afrostar token. Along with the (https://www.coinbase.com/learn/crypto-basics/what-are-nfts#:~:text=NFTs%20(or%20%E2%80%9Cnon%2Dfungible,worth%20exactly%20the%20same%20amount.&text=Each%20Beeple%20piece%20is%20paired,version%20is%20the%20real%20one.) platform, this platform features the Afrostar peer-to-peer exchange. The bigger the number of ecosystem users, the higher the fees and commissions. These fees are used to get more Afrostar tokens, which leads to an increase in the demand for the tokens. Some of these tokens are distributed to ecosystem users, while others are kept for funding future development. This increased demand for Afrostar tokens may assist in driving up the price in the markets. Plus, the rewards system is static. Thus, every transaction in the ecosystem rewards Afrostar token holders with more tokens.