Afreum Pay Afreum Pay - Africa Wallet is live! Check It Out

Afreum is Tokenizing Africa's Potential

Afreum has built a DECENTRALIZED, INCLUSIVE, GLOBAL economic ecosystem on the Stellar blockchain aimed at unlocking Africa’s vast potential — its resources, creativity, and spirit — to its people, and the world, in a way that traditional systems have not achieved for decades. Since publishing the Afreum Blackpaper on 5th October, 2020 we have completed the BUILD phase of the ecosystem, and are now focused on rolling out the applications that will drive ADOPTION.

The ecosystem is powered by the AFR and AFRX tokens, alongside utility tokens for each country such as ANGN and AZAR, and tokenized fiat currencies such as SNGN and SZAR, backed by USDC reserves. Afreum is breaking down financial barriers and creating opportunities not only for Africans, but for disenfranchised populations around the world. Join the movement that redefines wealth, connects the world, and builds a financially inclusive future for everyone.

Afreum Live! Provide Liquidity Ecosystem Buy AFR Tokens
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Tokenizing Africa's Potential

Discover, trade, or swap the Afreum AFR token
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A suite of decentralized apps optimized for financial inclusion

Take advantage of the Stellar blockchain for payments and DeFi with almost zero fees and transactions that take just 5 seconds

Afreum Wallet

A non-custodial Stellar blockchain wallet supporting Afreum tokens, XLM, USDC, BTC, ETH, and more.

Afreum Save

Put your Afreum tokens to work earning up to 12% interest per year, with interest calculated daily.

Afreum Stake

Stake Afreum tokens in Stellar liquidity pools to earn fees and rewards.

Afreum Swap

Easily swap between Afreum tokens atomically using path payments on the Stellar blockchain.

Afreum Trade

Trade Afreum tokens such as AFR, AFRX, flexible country tokens against XLM, USDC and other tokens.

Afreum Fiat

Mint or Redeem USDC-backed fiat tokens pegged 1:1 with local fiat using Afreum fiat tokens.

Afreum Pay

Take advantage of a totally permissionless QR code-based payments network and earn cashbacks.

Afreum Cash

Acquire Afreum tokens with cash or swap Afreum tokens for cash at participating merchants or P2P.

Stellar ID

Create a light, decentralized, encrypted identity profile and use it selectively across Afreum Ecosystem and other apps.

Afreum Ramps

Cash-in or cash-out via crypto payment providers using credit/debit cards or bank transfers.

Afreum Rates

Check exchange rates of Afreum tokens against any fiat currency and select cryptocurrencies.

Afreum DAO

Participate in Afrem DAO and help shape the development of the Afreum Ecosystem.

The Afreum Ecosystem

Since the publication of the Afreum Blackpaper on 5th October, 2020, the Afreum Ecosystem has grown organically from strength to strength on the Stellar blockchain, with more and more people believing in our mission of decentralization and financial inclusion. See Afreum Ecosystem in action.

200,000+

Trustlines

300+

Tokens

200+

Countries

8B

AFR Supply

Find Afreum on Social Media

Afreum Roadmap

October, 2020

Published Afreum Blackpaper
COMPLETED

January, 2021

Launch Afreum Wallet
COMPLETED

March, 2021

Launch Afreum Save
COMPLETED

May, 2021

Launch Afreum Stake
COMPLETED

July, 2021

Launch Afreum Cash
COMPLETED

August, 2021

AFR CEX Listings
COMPLETED

December, 2021

Re-launch Afreum Cash
COMPLETED

April, 2022

Afreum Airdrop 2
COMPLETED

June, 2022

61% AFR Burn
COMPLETED

August, 2022

Launch Afreum DAO
COMPLETED

Q4, 2022

Launch Stable Tokens
COMPLETED

Q1, 2023

Launch Afreum Pay
COMPLETED

Q3,Q4 2023

Afreum 2.0 (Core Dev)
COMPLETED

Q1,Q2,Q3 2024

Afreum 2.0 (Beta)
COMPLETED

Q1, 2025

FirstLight (Beta)
Transition to Web 3
COMPLETED

Q3, 2025

Afreum 3.0 (Beta)
Web 3 Infrastructure
COMPLETED

Q1-Q2, 2026

Afreum Ramps (Beta)
Afreum DAO Relaunch
Stellarid.org
Stellarfx.org
3rd Party Developer API
100% Decentralization (excl. rewards)
COMPLETED

Q3-Q4, 2026

Afreumpay.com Relaunch
Africa Wallet
Moneygram Integration
Moonpay Integration
IN PROGRESS

Q1, 2027

Afreum NFT Marketplace
Africa Prediction Markets
Afreum Lend
IN PROGRESS

Q3, 2027

Stock/FX Trading Platform
Real Estate Tokenization Platform
IN PROGRESS

Afreum Tokens

The Afreum Ecosystem is powered by the main token AFR (this is the token listed on centralized exchanges), the rewards and DAO governance token AFRX, 156 flexible country tokens, and 156 fiat tokens. View the tokens supported in Afreum Ecosystem by country below:


Acquire Afreum Tokens

Afreum Team

Afreum was launched following the publication of the Afreum Blackpaper (Whitepaper) on October 5, 2020 with a founding team of the founder and 6 advisors from industries spanning private equity, stock markets, advertising and marketing, technology, and sustainability. At the launch of Afreum DAO in August 2022, the founding team was disbanded, and the development team was tasked with launching Afreum 2.0, Web 3 versions of all existing Afreum apps, and achieving full decentralization of the Afreum Ecosystem. With the exception of the final development tasks, all future development of the Afreum Ecosystem was handed over to the community-based Afreum DAO.

Afreum DAO

Afreum DAO is the autonomous community DAO that manages the Afreum project post-Afreum 2.0 launch. The DAO Charter is based on the Aragon DAO Charter and the DAO is composed of a number of Sub-DAOs and a Court. The DAO follows the following high-level processes to put forward proposals.

Proposal Stage

Any community member can pledge 10 AFRX (refunded after the vote) to put forward a proposal.

Voting Stage

Any community member can use their AFRX balance, which stays in the wallet, to vote for a proposal.

Rejection/Execution

Once the proposal vote is complete, the proposal either passes and moves to the execution stage, or fails, and is rejected.

Dive deep into the Afreum Blackpaper

Frequently Asked Questions

If you cannot find answers to your questions in our FAQ, please email us using the form below or post to the Telegram group.

General Questions

Afreum is not a blockchain. It is an economic ecosystem built on top of the Stellar blockchain. By being built on top of Stellar, Afreum inherits all the advantages of the Stellar blockchain, including decentralization, fast and inexpensive transactions, ISO 20022 compliance, and fiat on-ramps and off-ramps.

Afreum is a global economic system with an ecosystem token AFR, a rewards and governance token AFRX, flexible price tokens for every country such as AKES (Kenya), ANGN (Nigeria), and AZAR (South Africa), and fiat tokens for each country pegged 1:1 with that country's fiat currency such as SKES (Kenya), SNGN (Nigeria), and SZAR (South Africa).

Afreum flexible tokens have a fixed supply and their price is determined by demand and supply in the market. As such they have potential for price to both increase or decrease based on market conditions. On the other hand, Afreum fiat tokens are always pegged 1:1 to the underlying fiat currency and can be redeemed for USDC at the fiat exchange rate to the US dollar. Put simply, fiat tokens will always have the same price as the underlying fiat currency, and will always be redeemable at current exchange rates for USDC.

You can acquire Afreum tokens, such as AFR and others, by swapping/trading local currency for Circle USDC or Stellar XLM via crypto on-ramps or Stellar clients such as Afreum Wallet, Stellarterm, StellarX or Lobstr, and trading or swapping these tokens for Afreum tokens. To cash out back to fiat you can do the same via crypto on-ramps that support this feature, selling tokens for USDC or XLM and cashing out via an exchange such as Binance, or trading peer-to-peer for local fiat via Afreum Cash.

You can use any Stellar blockchain-compatible wallet, such as Freighter, Lobstr, StellarX, Stellarterm, to swap, trade, send, or receive Afreum tokens such as AFR, AFRX, or flexible country tokens and fiat tokens. However, to take advantage of specific Afreum features such as Afreum Save, Afreum Pay, and Afreum Cash, you should use either Freighter browser extension, or Lobstr wallet app to connect to the Afreum website by clicking the wallet dropdown on the top right of the Afreum home page.
Privacy & Security

In terms of blockchain security, you don't have to trust Afreum, you just need to trust Stellar. Stellar is one of the earliest and most credible blockchains out there founded by the same person who founded Ripple. In order to ensure the highest level of security, Afreum does not require you to ever expose private keys to your Stellar accounts. Instead, you sign blockchain transactions either using Freighter, a browser extension wallet built by Stellar, or using the Lobstr wallet via WalletConnect.

The Afreum Blackpaper was written during the COVID-19 epidemic by Sahr Johnny, an Economics graduate from the London School of Economics and Political Science. Since the blackpaper was published, and the first version of apps launched, the Afreum project is now largely managed, and governed by a Community DAO, which puts forward, and votes on, proposals to develop and grow the ecosystem. The "Big Idea" put forward in the blackpaper is that regions such as Africa, and other parts of the world, with large numbers of unbanked or financially-excluded people have almost zero chance of equitable access to the international financial system. The solution is to build a new financial system without vested interest or intermediaries, giving a farmer in Uganda the same access as a stockbroker in New York.

Afreum is a non-custodial system and we don't manage any accounts such as email/password accounts or require them for login. Some Afreum apps may request personal data such as email addresses, phone numbers, or addresses for display purposes only. One example is Afreum Pay, where a user registering as a merchant may be required to provide information to display on a map, for opt-in notifications, or to confirm to a customer that they are a registered merchant. Afreum does not use this data for any external purposes.

AFR, AFRX, and all Afreum flexible country tokens have a locked supply (meaning no new tokens can ever be issued) that can be verified on-chain on Stellar Expert, the blockchain explorer for Stellar. You can confirm the total locked supply of each Afreum token from the Tokens page.

More FAQs