October 26th, 2017 at 5:03 pm UTC · 1 min read
By 2018, Moya Networks aims to have the Africa Coast to Europe Submarine (ACE) fully functioning and providing affordable internet services to the next billion people: Africans in rural areas.
They have also launched an early token sale, which will offer their MTK tokens at a 40% bonus.
The presale started October 11th, and will continue until the main MTK token sale starts on November 1st. In the main sale, the tokens will be available at 1000 MTK per ETH. Once the sale is over, no further tokens will be created.
Token holders will be entitled to 20% of Moya’s profit annually, based on how many tokens each holder owns. Money will be made via Moya’s Tier 1 capacity they seek to obtain, which they will then resell at competitive rates for homeowners, businesses, governments, and schools
Proceeds from the sales will be used to purchase the ACE submarine cable, necessary to get materials into Africa.
Moya Networks is looking to launch the service sometime in Q2 of 2018, with internet capacity and network testing to occur in the 1st half of 2018.
Disclaimer: Moya Networks is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest