We believe wholeheartedly every company from supermarkets, airlines to telecommunication companies will in the coming decades convert their loyalty points and memberships records into tradeable tokens. An example is Safaricom, the owners of Mpesa and Kenya’s biggest telecommunication company has loyalty points(Bonga Points) worth $33million outstanding. With the above in mind, we believe releasing a token will be to our advantage as we lock in early users across africa and build a committed community to our ideals.
The Wavu token will be an independently tradeable currency with the ability to allow users to pay for a host of goods and services in line with our partnerships.
Our projections are that Kesholabs will break even in about 6 months given current plans. The benefit of this is that, every quarter from 2021 onwards, we will use 15% of profits to buy back the Wavu token, initiate permanent burn until only 50% are left.
As Usage growth across our product lines scale, we will give users preferable treatment, should they choose to pay fees using Wavu.
The future is inherently unknown, but as with any technology, Blockchain will continue to evolve. Currently there are many layer 2 solutions and tokens for existing Blockchains. There is a high likelihood that we will find a layer 2 use case for Wavu token itself.
Our target market is very community oriented; this gives us an opportunity to offer tokens, as a form of contribution towards their activities.
Most African countries have some form of savings and investment groups. Often there are conditions to being a part of that group. From Mpesa like agents to community saving groups, our conditions for our group will involve holding the Wavu token.
Here is an outline of our roadmap. Showing our medium term plans.
Team & Advisors
WAVU token is an integral part of the Kesholabs Startup Studio. It unites our community across different countries and cultures under the banner of building Africa’s digital future.
Africa has arrived. The world’s second-most populous continent has emerged as a developing region and high-growth market, and the World is starting to take notice. The continent’s current population is 1.2 billion and is projected to increase to nearly 2.5 billion by 2050 according to the United Nations. Defying global trends, the working-age population of Sub-Saharan Africa will grow by 100 million in 2035 according to the International Monetary Fund. This increase comes at a time when most advanced economies are facing aging populations and a declining share of their working-age population.
With 444 million mobile subscribers, the region is currently home to nearly nine percent of all global mobile subscriptions. By 2025, this number is anticipated to reach 634 million people. A growth rate that is more than double the global growth rate over the same period. Of these mobile subscribers, 250 million, now have a smartphone. It's expected that by 2025 there will be 690 million active smartphones in Sub-Saharan Africa. Mobile broadband is currently available to two-thirds of the regional population. GSMA Intelligence projects that by 2025 mobile broadband will account for 87 percent of mobile connections compared to the current figure for these services of 38 percent.
Meet the founding team and advisors.The following team members lead the vision and mission of Kesholabs and the Wavu ecosystem.
Founder & CEO
CFO & COO
Business Development - Kenya & Uganda
Following is our advisory board list
Co-founder, Aion Foundation
Matt is the Co- founder of the Aion Foundation. Prior to his current role, Matt founded Deloitte’s first Blockchain team, Rubix and co-founded Nuco Inc. Matt is an active and founding board member of the Enterprise Ethereum Alliance and a founding director of the Blockchain Technology Coalition of Canada. Matt also serves as a Faculty Member at Singularity University.
Since the earliest days of Blockchain, Matt has been a leading advocate for the potential social benefits of decentralized technologies and is working actively to establish fair and responsible rules and principles for the future governance of this important new industry. Matt believes Blockchain is a revolutionary technology that has the potential to solve some of the world's greatest online challenges.
CEO & Co-Founder, Coinsilium Group Limited
Eddy is a well-known figure in the global Bitcoin and Crypto community since the launch of Seedcoin, the world’s first bitcoin-centric startup incubator that funded several pioneers now offering well-known products and services in this space. Nominated among the top 3 'Most Influential Investors of the Year' at Blockchain Awards 2014 with Marc Andreessen & Roger Ver. CEO & Co-founder of London-listed Coinsilium Group Limited (NEX:COIN), venture builder, investor and accelerator of Blockchain startups.
Eddy has been living and working in China/Hong Kong for the past ten years where he has managed private equity investment funds focusing on Greater China. He has extensive experience in private equity, deal structuring, due diligence supervision and advising foreign funds and angel investors investing in emerging markets.
To find the ones who get it right. We trust our future with experts everyday
We connect local consumers with travelers to deliver better-priced goods from international market places.
Provide Africans with a social platform in which they can play esports against others from the comfort of their homes.
As you register on Wavu, you will be able to see the free amounts, but on successful sale of all existing tokens, we will release them as soon as is feasible.
Our token will be used in all of our products in some shape or form. This will encourage adoption and use as a monetary good. There is also a chance to build layer 2 solutions that makes sense as the blockchain market matures.
We believe the initial people that join form the backbone and foundation of an ecosystem and we want to reward them for showing early interest and supporting us.
We believe the earliest supporters should also have future ongoing benefit for being the first investors in Wavu/KeshoLabs. Similar to a Series A round in this case.
A startup studio is a company structured in such a way that it will repeatedly build and launch companies. With Wavu token, we are encouraging our community to rally around us and help make our products successful.
Kesholabs is part of the AION community, building out products that leverages the blockchain as well as businesses that may scale and become successful in Africa.
Reach us if you have any Query