Web/Mobile App
The Ada Exchange app aims to bridge the gap between USD and cryptocurrencies by offering a solution that is accessible, cost-effective, and efficient. By enabling financial inclusion and unlocking the potential of digital assets.
We envision a future where anyone, regardless of their financial background, can easily convert their mobile money to ADA and vice versa, maximizing their earning potential and taking advantage of the benefits offered by cryptocurrencies.
Through our platform web/mobile, we aim to create a vibrant ecosystem that fosters financial independence, innovation, and economic opportunities for individuals in Africa.
Main features of the Ada Exchange App
Exchange from ADA to USD
Users can easily use the Exchange App to convert USD to ADA and vice versa via mobile money.
Users investment
Users can pledge their USD in our account and receive commissions on exchanges made.
Local Exchange
Users in a region can offer their local currency to buy ADA directly from other users.
Why Choose Us?
The Ada Exchange application will revolutionize the use of cryptocurrency in Africa by offering seamless conversions between ADA and local currencies, facilitate local transactions and empower user investors.
100% match with Africa
By bridging the gap between mobile money and cryptocurrencies, we are creating a platform that perfectly aligns with the African market.
Low Transaction Fees and Time Efficiency
We leverage the power of blockchain technology to minimize the costs associated with conversion of ADA into local currencies.
Using Stablecoin (USDT)
YBy using stablecoins, users can manage the potential risks associated with ADA rate instability and ensure a more secure exchange experience.
Problems and Challenges
African face obstacles when it comes to exchanging the ADA they receive into USD for local use, which explains their reluctance to use the ADA currency.
Problem statement
Despite the fact that Africa presents a large market for the ADA currency, the adoption of ADA needs to be widely accepted and above all to offer people the possibility of converting it into their local currency.
- Difficulty finding a way to exchange ADAs received in USD.
- Lack of transparent gateway between mobile money and cryptocurrencies Lengthy Transaction Delays.
- Lack of confidence in cryptocurrencies in Africa.
Difficulty using ADA via Mobile Money
About 66% of sub-Saharan Africa are unbanked and rely on mobile money services for their daily financial transactions. However, the lack of seamless integration between mobile money and crypto limits their ability to fully realize the benefits of cryptocurrencies.
Limited exchange availability
Finding a reliable platform to convert cryptocurrencies into local currencies in Africa can be difficult. This scarcity hampers the usability and acceptance of cryptocurrencies in everyday transactions.
Limited access to financial infrastructure
Difficulty accessing banking services is an opportunity for cryptocurrency adoption, but it also limits users' ability to exchange and use cryptocurrency conveniently, i.e. via Mobile Money.
Solution
The Ada Exchange app offers solutions to these problems by providing African users with a user-friendly platform to exchange ADA to USD via Mobile Money.
Exchange ADA to USD via Mobile Money:
Ada Exchange App seamlessly integrates ADA currency with Mobile Money aggregators, allowing users to exchange their ADA to USD.
Low transaction fees and time savings:
By reducing transaction delays and leveraging Blockchain security, transactions can be completed efficiently, improving the UX.
DeFi/DEX:
The Ada Exchange app integrates a decentralized finance (DeFi) component, specifically in the Local investors section of the platform.
Using Stablecoin (USDT):
Ability to convert using stablecoins, such as USDT. This approach adds stability to the conversion process.
Tokenomics and Distribution
Our Tokens with a realworld use case created on the Cardano blockchain.
Sales Information
| Token Name | DexUp |
| Total Supply | 1,000,000,000 DexUp tokens |
| Initial Circulating Supply | 500,000,000 |
| Tokens Allocated for Ada Exchange App | 50,000,000 |
| Hard Cap | $10m |
| Soft Cap | $100k |
| Token Value | 1 ADA = ~ DexUp |
| Accepted | Cardano |
Allocation
Allocation
Our Whitepaper
The Ada Exchange App Whitepaper provides a comprehensive overview of the platform, its objectives, and the underlying technology.
Read the Whitepaper
It highlights the problems Ada Exchange App aims to solve in the African market and presents a detailed solution. The whitepaper outlines the technical architecture, features, and functionality of the platform, along with its market opportunity, roadmap, and tokenomics.
Technical
Architecture
We will outline the key components that make our platform function seamlessly,including blockchain integration, mobile money aggregator integration, user interface, and smart contract implementation.
THE ADA EXCHANGE APP
Blockchain Integration
By leveraging Cardano Blockchain, we can guarantee the immutability and integrity of transactions, providing users a reliable, secure and transparent platform.
Mobile Money Aggregator
These aggregators act as intermediaries, connecting the Ada Exchange application with mobile money systems thus facilitating ADA to USD exchanges.
Smart Contract Implementation
We implement smart contracts on the Cardano blockchain to automate and secure various processes of exchanges within the ADA Exchange App platform.
The Ada Exchange App
Our primary objectives
By pursuing these objectives, we aim to have a significant impact on the financial evolution in Africa, fostering economic growth and empowering people with new opportunities for financial prosperity.
- Provide a user-friendly platform.
- Offer low transaction fees.
- Increase revenue generation through ADA commissions.
- Improve crypto financial inclusion.
- Promoting Crypto Trust in Africa.
Roadmap
Here is a Roadmap and Development Phases of our project milestones, with the main tasks and activities planned.
- Conception and validation
- Research and market analysis
- Development of the initial prototype
- Initial testing
- Testnet testing
- Mobile Money Testing integration
- Pre-production testing
- Security and performance enhancements
- Finalizing the product for the MVP Mainnet launch
- Kenya Mobile Money integration
- MVP Mainnet launch in Kenya
- User onboarding and initial marketing efforts
- Gathering user data and feedback for improvements
- Fine-tuning the platform based on investor feedback
- Establishing strategic partnerships for further growth
- Fine-tuning the platform based on investor feedback
- Expention in South Africa
- Integration of additional features based on user demand
- Scaling infrastructure to accommodate growing user base
- Introduction of referral codes
- Integration of third party controllers
- Marketplace cooperative module
- Expansion to Nigeria and EST-Africa
- Expansion to additional African countries
- Continuous improvement, scaling, and exploring new market opportunities
Uptodate DevelopersWe support you throughout your digital transformation process
UPDEV
Company Owner
UPDEV (Uptodate Developers) is the proud owner of Ada Exchange App. As a technology-focused organization, UPDEV is dedicated to promoting new information and communication technologies across Africa.
Core Team
FAQs
Here is a list of FAQs grouped by category for your convenience.
What is Ada Exhange App?
Ada Exchange App is a mobile application designed to facilitate the exchange of ADA (Cardano) cryptocurrency into fiat currency, including USD, using Mobile Money services in Africa.
How does the Ada Exchange App work?
The Ada Exchange App provides seamless integration between Mobile Money aggregators and the Cardano blockchain. Users can convert ADA to USD and vice versa, facilitating access to crypto and exchanging with local currencies.
What are the benefits of using the Ada Exchange App?
The Ada Exchange App solves several financial problems in Africa, such as the difficulty of using ADAs via Mobile Money, the limited availability of local currency exchanges and the lack of confidence in crypto. It facilitates access to ADAs, builds confidence in their use and promotes financial inclusion in Africa.
What is the geographic reach of the Ada Exchange App?
The Ada Exchange App is specifically designed for users in Africa, where the use of Mobile Money is widespread. We plan to initially launch the app in Kenya, with plans to expand to other African countries in the future.
What security measures are in place to protect funds on the Ada Exchange App?
The Ada Exchange application implements robust security measures, such as secure storage of users' private keys, two-factor authentication, encryption of sensitive data, and regular security audits to ensure that customer funds are protected.
What personal information is collected by the Ada Exchange App and how is it used?
The Ada Exchange App collects limited personal information necessary for registration and regulatory compliance. This information is handled under strict privacy policies and are not shared with unauthorized third parties.
How can I be sure that my transactions on the Ada Exchange App are secure?
The Ada Exchange App uses Cardano blockchain technology, which guarantees the security and transparency of transactions. Additionally, transactions are verified and confirmed using smart contracts, ensuring accurate and transparent execution.
Does the Ada Exchange App share my information with third parties?
The Ada Exchange App does not share your personal information with unauthorized third parties. The information is treated confidentially and in accordance with our privacy policy.
What are the main features of the Ada Exchange App?
The Ada Exchange App allows users to exchange ADA for fiat currencies via Mobile Money services, view real-time exchange rates, manage their ADA wallet, and receive transaction notifications.
Does the Ada Exchange App offer market analysis tools or price charts for ADA?
In its initial version, the Ada Exchange App mainly focuses on the function of converting ADA into fiat currencies. However, we plan to add market analysis features and price charts in the future to provide a better user experience.
Is the Ada Exchange App compatible with all Mobile Money providers in Africa?
The Ada Exchange App aims to build strategic partnerships with leading Mobile Money providers in Africa. Initially, we are focusing on integrations with the most popular vendors, while exploring opportunities to expand to cover a wider range of vendors.
Can I view my transaction history on the Ada Exchange App?
Yes, the Ada Exchange App offers a transaction history feature where you can view all your past exchanges.
How can I report a bug or a technical problem on the Ada Exchange App?
If you encounter a bug or technical problem on the Ada Exchange App, please report it to us using the support channels provided. Describe the problem in detail and provide as much information as possible to help us solve the problem quickly.
Can I get regular updates on the status of my issue from Customer Support?
Yes, our support team will endeavor to keep you informed of the status of your issue and provide you with regular updates until resolved. We understand the importance of clear communication and are committed to providing you with seamless support.
Does the Ada Exchange App offer support in languages other than English?
Yes, in addition to English, the Ada Exchange App will endeavor to provide support in other popular languages in the region where it operates. We are committed to ensuring that our users can receive support in their preferred language, thus promoting an optimal user experience.
How can I submit comments or suggestions for improving the Ada Exchange App?
Nous encourageons activement nos utilisateurs à partager leurs commentaires et leurs suggestions d'amélioration de l'Ada Exchange App. Vous pouvez le faire en utilisant les canaux de support fournis ou en nous contactant par le biais de nos réseaux sociaux officiels. Vos retours sont précieux pour nous aider à améliorer continuellement notre application.
