African-Americans are strong, resilient and creative people, so it’s no surprise when they’re able to create innovative technology to better the community.
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Tavonia Evans has succeeded in launching the first ICO (Initial Coin Offering) for $Guap, a coin dedicated to restoring and recycling wealth within the Black community, according to Black News.
With this coin, Evans has broken into the world of cryptocurrency to help African American consumers to support businesses that support them.
$Guap is a ERC20 token built on Ethereum Blockchain Technology, which utilizes Smart Contracts to perform various tasks such as issuing “rewards” which is in the plan for $Guap. With $Guap, every token spent will be distributed throughout a system that will fund new businesses, HBCUs, and philanthropic efforts that adopt the coin. Merchants a part of the “$Guap Market”, pledge to pass on savings while benefiting from gaining access to loyal customers. Consumers will also be able to rate businesses and suggest methods for improvement anonymously to merchants to help maintain quality of service all through a proprietary portal.
Having worked in the technology industry for 20 years, Evans determination for this currency comes from a hurdle that the African-American community has not been able to get over in their ability to support, ”startup growth and initiative.”
She believes it’s a direct correlation to African-Americans relationship with Black economics and believes cryptocurrency can change a lot of things.
If you’d like to get into $Guap or find out even more about it, head over to www.guapcoin.com and show some love for this awesome Black business.
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Celebrity CEO's: Stars Who Run Their Own Business Empires
1. Nicki Minaj1 of 16
2. Will Smith2 of 16
3. Justin Timberlake3 of 16
4. Mary Kate & Ashley Olsen4 of 16
5. Dr. Dre5 of 16
6. Tyra Banks6 of 16
7. Oprah7 of 16
8. Birdman8 of 16
9. Tamar Braxton9 of 16
10. Kim Kardashian10 of 16
11. Jay Z11 of 16
12. Jessica Simpson12 of 16
13. Rihanna13 of 16
14. Beyonce14 of 16
15. Lala15 of 16
16. Diddy16 of 16
(Source: Black News)
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Black Entrepreneur Launches Cryptocurrency To Better Black Communities was originally published on blackamericaweb.com