Zugacoin (SZCB) is a project that aims to empower entrepreneurs in Africa. The project also claims to help reconstruct Africa's economy by offering the native cryptocurrency as Zugacoin (SZCB) for equity and investment financing for African governments.

As per the whitepaper, Zugacoin (SZCB) intends to use an ecosystem of tools and services designed for entrepreneurs based on blockchain technology.

One of the biggest barriers to starting a business in Africa is obtaining a loan. The platform believes that providing funds and loans in a decentralized way can help people start businesses, which in turn can help grow the African economy. 

Zugacoin (SZCB) aims to solve this problem by creating opportunities for entrepreneurs to learn, earn, and spend in Africa. The platform also intends to provide loans to help industries further and encourage traders.  The Zugacoin (SZCB) platform provides loans to small or large entrepreneurs to nurture their business using blockchain technology in the financial sector of Africa.

The platform has built a DeFi app to support the funding of projects in Africa. Zugacoin (SZCB) thus seeks to be helpful by creating DApps and smart contract projects. The platform's native token SZCB acts as a payment method in the below-mentioned projects: 

Next, the Zugacoin (SZCB) platform also aids as the payment gateway to schools, hospitals, supermarkets, and government, with Zugacoin (SZCB) as official payment currency. Further, Zugacoin (SZCB) also seeks to integrate various services like air and travel services, equity and investment, and more.  

The team of Zugacoin (SZCB) includes Archbishop Dr. Sam Zuga (CEO/founder), Jethro Zuga  (vice-president), and Prof. Mkpa Agu Mkpa (head of business development). The team also has many cofounders and marketing professionals.

The ICO launch date of the Zugacoin(SZCB) token was September 1, 2020. 

The token Zugacoin (SZCB) works on the functionality of ERC20 of the Ethereum blockchain and follows the same rules. The ERC20 token is the benchmark used to create and issue smart contracts on the Ethereum blockchain. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.

Moreover, the Zugacoin (SZCB) uses the mining process with proof-of-stake functionality, where users stake the cryptocurrency and earn rewards. Mining is the method of minting tokens for acquiring rewards. 

The maximum supply of the Zugacoin (SZCB) token is 1,000,000 SZCB.