SaharaCoin (SAHA)

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

The Vision

The Sahara DAO wants to increase the financial inclusion in sub-Saharan Africa and relieves millions of people from poverty. The trust organization, thus, proposes to create and manage the CFA Digital (CFA), a stablecoin pegged on a one-to-one ratio to both the Central and the West African fiat CFA francs (XAF, and XOF), and fully collateralized by the fiat EUR held as collateral in a custodian bank.

Link to the CFA Digital (CFAD) stablecoin webpage: https://www.cfad.washingtonf.com/

The SaharaCoin (SAHA), an ERC20 token registered with security regulators, represents stacks in the Sahara DAO, a trust organization that governs, mints, and burns the CFAD stablecoin. The Sahara DAO ensures that the existing CFAD stablecoins are fully collateralized by the corresponding EUR held in custody. The trust organization vision is threefold:

To facilitate cross-border funds transfers, between developed countries and sub-Saharan African countries, removing multiple intermediaries, reducing transaction time and cost, and therefore, providing tremendous cost-savings to the sub-Saharan African communities around the world.

As the CFAD will worth the same as the CFA francs. Thus, can be used as a means of exchange within the sub-Saharan African region, for use cases like lending, investments, and payments for transactions. This will also help increasing access to financial services in this region. Furthermore, the CFAD will be fully collateralized by the EUR, a feature that none of sub-Saharan African country’s currency has today

To eliminate the problem of inconvertibility inherent to sub-Saharan African countries’ currencies. As the CFAD stablecoin will be fully collateralized by the equivalent amount in EUR, it will, therefore, be totally convertible within and outside the sub-Saharan African region

OVERSIGHTING THE CFA DIGITAL STABLECOIN

The CFA Digital stablecoin

The CFAD stablecoin is an ERC20 centralized stablecoin, such as the USDT or the USDC, that is backed by a fiat currency, the EUR, stored in a custodian organization with published proof of reserve. ERC20 is the token standard for the Ethereum blockchain, which is highly used for smart contracts. This blockchain is a perfect candidate for building decentralized applications. The Ethereum blockchain has been selected for its popularity, wallet availability, faster speed, and lower transaction costs.

The CFAD stablecoin is indexed at a one-to-one ratio to the fiat CFA francs, but it is backed by the corresponding amount of EUR deposited in a custodian bank. It is redeemable to the corresponding amount of EUR. Its aim is to be listed on major crypto exchanges, as it is implicitly a stable EUR.

The Sahara DAO, the trust authority that acts as a fiduciary, oversights the minting and the burning of the CFAD token. The CFAD is minted (i.e., created) only when the corresponding amount of EUR is in custody, and it is immediately burst (i.e., removed) from the supply upon redemption by a holder.

Minting the CFAD

The steps of minting the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of a major fiat currency (such as EUR, USD, CAD, GBP, JPY, CHF, or AUD) or a major stablecoins (such as USDT, or USDC) to the Sahara DAO.
•  
• (2) If the funds come from an exchange, the Sahara DAO converts this amount into EUR, subtracting a conversion fee (if applicable) and the minting fee. Then, sends the proceed to the custodian bank. Otherwise, the trust authority makes sure that the user passes the KYC/AML requirements before sending the funds to the custodian bank.
•  
• (3) The Sahara DAO mints (i.e., creates) an amount of CFAD stablecoins corresponding to the equivalent amount of EUR sent to the custodian bank. Then, forward the minted CFAD stablecoins to the user.

Burning the CFAD

The steps of burning the CFAD are described below

• (1) The user directly or indirectly, through a crypto exchange, forwards an amount of CFAD stablecoins to the Sahara DAO, which burns (i.e., destroys) these stablecoins.
•  
• (2) If the CFAD stablecoins come from an exchange, the Sahara DAO burns it immediately, and then requests the equivalent amount of EUR from the custodian bank. If the CFAD stablecoins come directly from a user, the Sahara DAO will first make sure that he/she passes the KYC/AML requirements before the burning and the request of EUR from the custodian bank.
•  
• (3) The Sahara DAO converts the amount of EUR into the requested currency or stablecoins (such as the USDT, or the USDC). Then, forward the proceed to either the exchange or the user, minus a burning fee, and a conversion fee.

INCOME GENERATION AND DISTRIBUTION

The Sahara DAO will earn incomes from the following four sources

A minting fee will be charged to the amount in EUR of each CFAD stablecoin creation.

A burning fee will be charged to the amount in EUR of each CFAD stablecoin redemption.

 

A conversion fee will be charged to the conversion from other major fiat currencies or stablecoins to EUR.

A conversion fee will be charge to the conversion from EUR to other major fiat currencies or stablecoins.

A part of the above collected fees will be used for administrative expenses and future development of both the SaharaCoin and the CFAD stablecoin. The rest will be distributed to SaharaCoin holders as dividends for their investment. These dividends will be paid out daily, in CFAD stablecoins, which the beneficiaries could redeem for fiat currencies.  

REGULATION AND TRANSPARENCY

Both the SAHA token and the CFAD stablecoin rely on users’ confidence and trust. The SAHA token will be registered with security regulators. This will ensure integrity of both crypto coins and will engender the market confidence and trust.

 

Verifying the underlying EUR balance to demonstrate proof-of-solvency requires examination by a trusted party. For assurance, the trust authority will engage an independent registered public accounting firm to regularly examines and attests – following the American Institute of Certified Public Accountants standards – that the underlying EUR balance held by the custodian bank is in accordance with the number of CFAD stablecoins in circulation.

The Team

Washington Financial LLC is a group of consultants with over a hundred year of combined experience in financial engineering and blockchain technologies. They also proprietary trade crypto currencies. To view the company’s full details, please visit https://washington-financial.com/

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé.

Email: tleonard@washington-financial.com

LinkedIn: www.linkedin.com/in/leonard-tchuindjo

Dr. Leonard Tchuindjo is the founder of Washington Financial LLC. He has over fifteen years of Wall Street experience, developing financial models for valuing and managing debts and derivatives. During President Obama Administration he worked as a Debt Manager at the United States Department of the Treasury, where he restructured the valuation of Savings Bonds. Other relevant experiences include: The Inter-American Development Bank, where he has been leading pricing of exotic bonds and swaps; Fannie Mae, where he supported the long-term funding desk, and managed a portfolio of exotic bonds and swaps of over one hundred billion dollar in notional; and Numerix, where as a Director of Financial Engineering, he led the development of new financial models, and advised financial institutions (banks, hedge funds, pension funds, and insurance companies) all over the world. He also has a long experience in blockchain technology, and in cryptocurrency mining and trading. In the academic arena, he taught finance courses at Georgetown and George Washington Universities, and held a visiting research position at the University of Michigan Ann-Arbor. He published a dozen of articles in quantitative finance in leading academic journals. He holds a Ph.D. in Operations Research and a M.S. in Finance, both from George Washington University. He also holds a M.S in Engineering from Ecole Polytechnic de Yaoundé. Email: tleonard@washington-financial.com LinkedIn: www.linkedin.com/in/leonard-tchuindjo Email: tleonard@washington-financial.comLinkedIn: www.linkedin.com/in/leonard-tchuindjo

Disclaimer

This webpage is for marketing purpose and it is not intended to be legally binding. Nothing in this webpage shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This webpage does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this webpage does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of SAHA tokens or any other cryptographic token or currency. Nor has the information contained in this webpage been approved by any regulatory agency or governmental authority of any kind.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

Le interfacce più moderne sono già state applicate al miglior Plinko dai provider di punta.

Le comparatif des casinos en ligne présente une analyse détaillée des méthodes de paiement adaptées aux utilisateurs français.