Bright Enabulele, co-founder and CEO of Oduwacoin, a cryptocurrency project with the ‘mission to liberate Africans financially’ has been around in the crypto space since 2010.
After years of experience and entrepreneurship, Oduwacoin was launched in a bid to include Africa in the global revolutionary conversation, in 2017.
In a crypto conversation with Technext, Bright Enabulele explained the mission of Oduwacoin and the achievements of the project in its six years of existence.
Bright Enabulele’s journey into the crypto space
Bright got into the crypto space in a search for an alternative financial system that could put Africa on the global map. He however discovered that a lot of Africans were not present at that stage, probably due to how complicated the technology was.
“That got my interest, I wanted to do something different and a global equalizer for the people of Africa. So in 2010 I started playing with the blockchain.”
Bright Enabulele
Bitcoin was the only crypto and the benchmark. But when Litecoin came onto the scene around 2011, Bright discovered that the codes could be rewritten to help Africans get into space and he started experimenting.
“In 2016 we were already thinking about Oduwacoin. 2017 was the grand launch and the first genesis block was launched in 2018. We made sure the environment was safe to do what we wanted to do and there was a demand for it and so it gave rise to the use of Oduwacoin.
– Bright Enabulele, CEO of Oduwacoin.
The mission of Oduwacoin
The motive behind Oduwacoin was a quest for change, economic revolution, and development.
“I know technology was used to conquer Africa and I know technology will also be used to deliver Africa. So that pushed me to say we must have a name in the blockchain space. The space was new and anyone could dominate, my question was why not us? That pushed me into that space.”
This revolutionary mission of Oduwacoin is targeted to areas of payment solutions, remittances and cross-border transactions issues that plague African countries due to the lack of a unitary currency.
Six years down the line, Bright Enabulele says there has been tremendous growth around the pan-African community.
“We were the first pan African crypto community with its own native blockchain (not correlated with Bitcoin or Ethereum). We are a layer 1 protocol and we were the first to have that presence in the space.”
Talking about adoption, Bright says Oduwacoin allows people to store value, and do settlements and ownership without transaction fees. Apps that foster the real-life usage of Oduwacoin like OduwaPay, and Oduwa Trust Wallet can also be found on the App Store. The token is listed on CoinGecko, Forbes Digital Asset page and the next target is to get it listed on major exchanges, according to its CEO.
Also, Oduwacoin could be mined by downloading the node server from the project’s GitHub account.
“It’s an equity-based, expensive equipment to mine is not needed. Once you have Oduwacoin and you load your system, you can mine Oduwacoin with your nodes. 6 million Oduwacoin is going to be mined in the next 30 years, right now we’re 15.2 million coins.
It’s inflation-proof. It can never go above 21 million and you must have Oduwacoin to mine Oduwacoin. All you need is a laptop. Download our nodes from our GitHub and it costs less than 5000 Oduwacoin to mine.” –
Bright Enabulele.
According to Bright Enabulele, everyone of African descent needs to know about Oduwacoin, as a primary market, before it gets to the secondary markets (major exchanges).
“The project is growing and becoming notable. We are not bringing it as an investment portfolio, we’re bringing it as a payment solution. That’s our mission and when it happens, you will never find Oduwacoin less than $1.”
Additionally, Bright Enabulele says there’s no institutional influence behind Oduwacoin, so Africans stand a chance of winning.
“My goal is to make sure that a child in Ogun State can be able to buy Oduwacoin and one day become the next generational millionaire.”
This content is for informational purposes only and should not be construed as investment, tax or legal advice. It is strongly recommended that every recipient seek appropriate independent professional advice before acting on any information contained herein, as Technext provides no endorsement, opinion or advice, including investment, tax or legal, and makes no representation or warranty about the suitability of a product for a particular reader or circumstance.
Technext Newsletter
Get the best of Africa’s daily tech to your inbox – first thing every morning.
Join the community now!
