Africarare Unveils $UBUNTU Token, Paving the Way for a New Era for Africa’s Digital Economy

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Africarare Ltd.

Africarare Ltd.

The awakening of WEB3 in Africa

Africarare – $Ubuntu Token

Africarare – $Ubuntu Token

Africarare – $Ubuntu Token

Africa rises – Bring people together

JOHANNESBURG, South Africa, January 30, 2024 (GLOBE NEWSWIRE) — In a revolutionary move that redefines Africa’s digital frontier, Africarare proudly announces the launch of its pioneering token $UBUNTU on February 29, 2024. This monumental event marks the birth of Africa’s first metaverse, symbolizing a new era of digital empowerment and community uplift. The $UBUNTU token, at the heart of Africarare’s vision, is designed as a utility and catalyst for positive change, unifying African and global brands, web3 enthusiasts, creators and government agencies in a shared mission. This token encapsulates the spirit of “Ubuntu” – the African philosophy of interconnection and mutual growth – transforming every transaction into a step towards a better future.

Ubuntuland, a vibrant community of over 200 individual and corporate landowners, including brands like Nedbank, Primedia, Singularity Group, HAQQ Network, Mann Made and Cyberkongz, who have logged over 20,000 hours of user engagement, demonstrating this vision, with 90,000 registered users and large social media communities. Following its alpha launch at the SingularityU South Africa online summit in 2021, Ubuntuland has seen continued growth. Looking to the future, with the upcoming Africarare AI Builder, landowners can be the first to create their own AI avatars, using their own GPTs and deploy them to enhance their experiences.

Inspired by Ubuntu – Empowering Communities
Mic Mann, CEO of Africarare, highlights the unique tokenomic model behind the $UBUNTU token. Rooted in the African philosophy of Ubuntu, which translates to “I am because we are,” the token embodies community empowerment and shared progress. Mann says: “The $UBUNTU token is more than a utility token; it’s a commitment to uplifting communities.

The $UBUNTU token goes beyond traditional applications, contributing to philanthropic initiatives with every transaction. Mann explains: “Every transaction with the $UBUNTU token contributes to change, seeking to promote the well-being of communities. 10% of all transaction fees go directly to our charitable treasury, with projects like Drops of Life and Innovation: Africa providing a clean drink. water, as well as the educational efforts of the Maharishi Institute, providing superior business education to African students, with future initiatives to be voted on by the Ubuntu DAO (Decentralized Autonomous Organization). At its core, the $UBUNTU token aims to unlock the potential of a continent and build a future where everyone thrives.

Unlocking the potential of Ubuntuland with the $UBUNTU token
Much more than just a utility, the $UBUNTU token is the lifeblood of Ubuntuland, integral to every aspect of this vibrant digital ecosystem. It facilitates traditional transactions such as buying, selling and trading and will play a crucial role in governance and operational aspects within the metaverse. The Ubuntu token is intended to propel Africa into Web3 in the areas of entertainment, education and art. The token allows you to participate in various interactive experiences.

To learn more about the $UBUNTU token or join the greenlist, visit www.africarare.io/ubuntu-token.

About Africarare:
Africarare is an inclusive AI-powered web3 platform that enables connection, collaboration and e-commerce between individuals, brands and communities leveraging AI and mixed reality, in a unique position on the fast-growing African market. Africarare has a bold vision: to serve over a billion people and break barriers by leveraging the power of AI and mixed reality. With a focus on Africa and communities around the world, Africarare aims to create an inclusive platform that empowers individuals, brands and communities to unlock their potential. Learn more about www.africare.io

Media contacts:
Patrick Dombourg
Email: patrick@eclipsecomms.com

A photo accompanying this announcement is available on https://www.globenewswire.com/NewsRoom/AttachmentNg/05cbc340-c0ce-44bd-abdd-f5b0a427a963

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