Earlier this month, 500 Startups-backed SureRemit launched a crypto token product aimed at disrupting Africa's multi-billion-dollar remittance market.
500 Startups-backed SureRemit launched a crypto token product aimed at disrupting Africa's multi-billion-dollar remittance market and raised $7 million in an ICO.
"It's a huge market…and a lot of these basic financial and commerce needs that people have are still not being addressed effectively," Liao said of the potential for SureRemit's crypto token product in Africa.
On the regulatory side, SureRemit's Samuel-Biyi sees less risk of their crypto token product being used for money-laundering compared to other block-chain payments systems, such as Bitcoin.
For example, consider giving away a free token product or service rather than bopping them over the head with a direct discount.
By the same token, the products are strong.
When a transition fires, tokens from substrate pre-places are consumed and tokens representing products fired to post-places; the states of pre-places connected to transitions by read or inhibitor edges are not changed.
The pre-product token sales actually introduce an existential risk for many of these companies.
The company is offering at least a $200 token to go towards products such as the Surface RT and the Surface Pro.
