Yensesa: Ghana’s First Steem/SBD Exchange (Week 4)

in #hyperfundit6 years ago (edited)

Funding Goal: 5,353 SBD. Campaign Ends: June 11, 2018. Payment Model: 22% to Influencers.

banner.JPG

hr.JPG

HyperFundIt_logo_beta 300px.png


Yensesa: Ghana’s First Steem/SBD Exchange via Digital Mobile Money System

yensesa.pngFunding Goal:

5,353 SBD


Campaign Ends:

June 11, 2018


Payment Model: Custom (22% to Influencers)
Influencer: Steemit / DLive / DTube (Influencer Relationship Agreement must be submitted here)
Post Types: Review / Mention / Tutorial / Vlog

Become an Influencer - Message @black-man

@yensesa

Accra, Ghana


About


“Yensesa”, is a word derived from a Ghanaian language called Twi which translates as “Let’s Exchange”. Yensesa is a new exchange service that simply automates a process of exchanging Steem / SBD to Ghanaian cedi (in Digital Fiat form) via Mobile Money. Currently, the Ghanaian and other African users on Steem are doing this manually and our solution will automate it.

U5dtVojAqKSdvb13DT7Wno3jXHeSr91_1680x8400.png
image.png

What is Mobile Money

Mobile money is digital currency on the rise in Africa. Mobile telecom companies in Ghana, Nigeria, and Kenya, just to mention a few are leading the way into the cashless future, by allowing their customers to send digital money to each other and are able to cash out in paper money at converting mobile money Kiosks. There are thousands of such Kiosks at every corner in Ghana.

In 2016 MTN in Ghana recorded about GH¢56 billion in mobile money transaction, Kenya’s M-Pesa still accounts for the highest number of mobile money transactions in the country, with 423 billion shillings (US$4 billion) in person-to-person transfers. There is a huge opportunity to leverage the existing mobile money infrastructure and integrate it with the Steem blockchain to allow Steem users easily take out their Steem / SBD in mobile money transfer.

U5dtzg3Y4ipDtQErbXq2K4YaFsyjxip_1680x8400.jpg

Problem

A common practice with Ghanaian / African Steem users needing to cash out their Steem. They end up having to transfer their Steem to a different trading platform, converting it into Bitcoin and then using a local Bitcoin/Cedi dealers to exchange. Dealers can be found on platforms like localbitcoin.com so this is already a reality and people are losing money and time between trading platforms and it being done manually.

Solution

Our proposed solution is to automate this existing manual system in 3 easy steps.

  1. A Steem user who wants to sell their Steem/SBD for Ghana cedis signups up with us.
  2. They tell the system how much Steem / SBD they want to sell and add their mobile money number to receive the cash.
  3. They send the Steem / SBD to Yensesa from their Steem wallet and Yensesa sends them mobile money instantly.


We currently don't have that sort of crazy demand which could overload us yet but it is coming, as all of Ghana and Africa rushes to sign-up to Steem due to the massive promotion happening around Ghana and the continent at the moment. We see massive growth potential with this project as everyone that has a mobile phone in Ghana (Both smart and non-smart) can receive mobile money (Digital Fiat).

Imagine how much difference we can make in the next 2 years, with 30% of Ghana or 1 million Ghanaians, each needing to exchange thousands of Steem / SBD in a month, with the best service, customer support and approval from local government Yensesa will scoop up millions of Steem/SBD and we will become the Coinbase of Ghana and eventually Africa.

U5dscTH4NmRjAwetmk5GZRGoiR6BsV9_1680x8400.jpg

Milestones (2018)

  • Feb 28th : Complete UI Design (PSD)
  • March 16th : Complete PSD to Html Design
  • April 5th : Complete Frontend + API integration
  • April 16 : Release Private Beta
  • May 11: Release Public Beta
  • July 06 : Public Launch with the transaction volume of up to $5000+ processed.
  • Aug 01 : Start Massive Public Steem promotion
  • Sep 06: Release public API to support POS devices
  • Nov 05 : Start POS integrations for Hotels, Restaurants, Shops and other service providers.

How Much We Need

We are asking for 5353 SBD. However, if you cannot make the full amount anything would be greatly appreciated as it will still go a long way to help us. If we exceed this goal, the rest of the money will go into our marketing budget which is purely focused on increasing Steem awareness on local radio, television, street and social media ads!

What Will the Funding Be Used For

About 40% of the money raised will go into liquidity to support our first few transactions, 20% will go into engineering hires, 15% will go into operation cost and 25% into marketing and promotion (local radio, television, street, billboards, SEO and other promotion strategies by #accra and #teamAshanti) for Steem and Yensesa to increase awareness. This funding should be able to sustain the team until we reach cash flow positive and are ready to expand to the next phase of the project.

Ways You Can Help

We are currently looking for influencers from the Steemit community to help promote our project to their followers. If you're interested in partnering with us, Influencer(s) will receive 22% of what we raise on our Hyperfundit campaign.

Besides becoming an influencer or donating to our project here are a few other ways you can help make Yensesa a success!

  • Resteem, upvote or comment on our participating influencer’s content
  • Follow, resteem, upvote or comment on our @yensesa Steem account
  • Let us know what you think we can do more or less of!
  • Tell your crypto friends and networks about us!

Team Behind This Project

U5dsbxP5dd5smd984dcZnREHUqNpgHu_1680x8400.jpgU5drZpzgN6YVMiyPyGRKDQF2L9Sz137_1680x8400.jpg
@hemangmehta (CTO & Co-founder)@Black-Man (Product Lead & Co-founder)
U5dtX69cb7KKmyAK8Bx8GqdSY1i3Bby_1680x8400.jpgU5dqwvCFmdDDuwNq8MxRMhA1oF4uNih_1680x8400.jpg
@Enockagbo1 (Brand Ambassador)@Desmond41 (Content Lead)
U5dt7bcpPeu8NL57iM9F9PsSKVvotv7_1680x8400.jpgU5dsPcVKpXXVU3LmQL79ad3Tz27GgFY_1680x8400.jpg
Magrette Osafo (Customer Service Lead)Timothy Quarshie (Business Lead)

Advisors

U5dtj3HcGmf7TQkseHgEtQaZcNYb4RA_1680x8400.jpgU5dsySZsdLyVPungctxLQsPHEJEDjU4_1680x8400.jpgU5dtZ8RoSbQAdyuH2VDwWDLs5Rnz32y_1680x8400.jpg
@Ackza@Masterroshi@Richforever


https://yensesa.com

@yensesa

If you'd like to become an Influencer message @black-man on Discord.

Rewards


Donate SBD to claim the reward that you want! 92% of donations go towards funding this campaign.

RewardDescriptionTransfer SBD
1 SBD: “Thank you!”
Estimated Delivery: June, 2018
Your support means everything to us! We will make you proud!!Claim Reward
5 SBD: “You are awesome!”
Estimated Delivery: June, 2018
Get your name inscribed on our virtual Supporters Wall and have it forever inscribed on the Steem Blockchain.


(All larger contributions includes this reward)

Claim Reward
10 SBD: “You inspire us!”
Estimated Delivery: June, 2018
Get a 20% service fee deduction during our Public BetaClaim Reward
20 SBD: “Our hero!”
Estimated Delivery: June, 2018
Get an invitation to our exclusive Closed Beta OR a Yensesa T-shirt.Claim Reward
30 SBD: “We are eternally grateful!”
Estimated Delivery: June, 2018
Get an invitation to our Closed Beta, a 20% service fee deduction during our Public Beta, a shout out from a participating Influencer and a Yensesa T-Shirt.Claim Reward
70 SBD: “Wow you just blew our mind!”
Estimated Delivery: June, 2018
Meet our team over video chat, get an invitation to our Closed Beta, a 20% service fee deduction during our Public Beta, a shoutout from a participating Influencer and a Yensesa T-Shirt.Claim Reward

Limit 10

These are the awesome Yensesa T-shirts you can choose from!

yensesa_black_tshirt.jpgyensesa_black_tshirt_2.jpg
yensesa_white_tshirt.jpgyensesa_white_long_sleeve.jpg


See transfer history to check if the Limited reward you want is still available.

Support This Project with Upvotes


92% of post earnings go towards funding this campaign. Come back to upvote again each week! Earn curation reward and good feels!

Results: June 11, 2018Resultsupvote.gif

line break.jpg

To start your own campaign, simply write a post about your story and project, then tag @hyperfundit.com. We take on projects that help the Steem community grow, this can be either software or community based. Please be prepared to provide proof of work.


@hyperfundit and @partiko are teaming up to bring more users and projects to the Steem Blockchain. Would you vote @hyperpartiko for witness?

hyperpartiko.gif

hyperpartiko vote 50px.png steemconnect 50px.png

Would you trust us in making informed decisions to vote for other witnesses in your place? Allow us to be your proxy.

line break.jpg

Our Partners

partiko 100px.png theshop logo square 100px.png steemreviews logo square 100px.png hypefoundation logo square 100px.png upfundme 100px.png

hr.JPG

By engaging with this post, you are agreeing to our Terms of Use.

Blog | FAQ | Legal | Contact
© 2018 HyperFundIt, LLC. All Rights Reserved.
Terms of Use | Blacklist | Delegators

Sort:  

upvote 2
Would you support this project with a second upvote? You can upvote a project up to 5x each week. 92% of post & comment payouts go towards funding this campaign.

upvote 3
What about a third time? Thank You! Your support goes a long way!

upvote 5
FIFTH?? Wow! You are AMAZING :D

upvote 4
Fourth?? Awesome!! Thanks a bunch! :)

ufm

Thank You for using UpFundMe Premium!



This post has received a 77.77% upvote from @upfundme.net and @tmholdings! Premium members also get an increased vote weight from the upfundme trail!


We are currently in the testing phase and invite anyone crowdfunding to join us by checking out This Post!

UpFundMe Support
UpFundMe Premium Support
Free!
1 STEEM / 30 days or a 30 SP delegation
Vote weight depends on available vote power.
Consistent vote weight!
Manual votes.
Automatic voting!
TASKMANAGER trail following at 40% scaled vote weight.
TASKMANAGER trail following at 80% scaled vote weight AND @tmholdings following wilth 100% scaled vote weight!
Manual resteem.
Automatic resteems!
Supports crowdfunding posts via #upfundme on steemit
Automatic support for crowdfunding posts and updates on fundition.io, hyperfundit.com and #upfundme on steemit!



@upfundme.net is not a bid bot, we are a membership based crowdfunding support service for crowdfunding ONLY. You should request to join before sending any STEEM by replying to any of these comments.


If you have both UpFundMe Premium AND own 50 or more TASKMANAGER in your bitshares wallet, you qualify for up to 2 automatic comment votes from @taskmanager / day.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by black-man from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.