The Single Currency
Zone Project

The ultimate alternative to the XOF, XAF, GMD, GHS, GNF, LRD, MRU, NGN, CVE, SLL and ECO in West Africa.

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What is Jolofcoin?

Jolofcoin (JOL) is a cryptocurrency built on its own blockchain through a robust Proof of Work consensus.

 

It is an open source peer to peer digital currency and doesn’t need the Stellar (XLM) network or the Ethereum (ERC-20) platform to exist. 

 

The single currency zone project through Jolofcoin uses a realistic approach based on verifiable data, tangible goals, and visible achievements.


Specific targets are set and they aim to bring stability in the financial ecosystem of West Africa by providing the means of utility of JOL in the digital economy. 


Innovation is at the heart of the Jolofcoin ecosystem, hence resources (desktop wallet, web wallet, mobile wallet, blockchain, explorer, mining pool, and source code) have already been made available.

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1,340,598,147

The population of Africa in 2020 at the height of the COVID-19 pandemic was 1,340,598,147 according to the United Nations. This number is symbolic and now represents the total supply of Jolofcoin that will ever be created. Jolofcoin gives the opportunity for every African to own a piece of the future. Jolofcoin provides transparency, accountability and minimize corruption in financial transactions in Africa

Name of Coin:                           Jolofcoin

Symbol of Coin:                         JOL

Blockchain:                                Jolofcoin

Consensus:                               Proof of Work

Network:                                    Jolofcoin

Type of Coin:                             Cryptocurrency

Public Address:                         Starts with “J”

Maximum Supply:                     1,340,598,147

Mining Rewards:                       100

Halving Interval:                        2 years

Block Interval:                           2 minutes

Pre-Mined Coins:                      1%

Algorithm:                                  Scrypt Algorithm

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Store Coin

Store your JOLs in a wallet to keep them safely for a short or longer period of time. There are different types of wallets available. You can choose how to store your JOL based on how you're planning to use them.

Send & Receive

This is one of the core building blocks of Jolofcoin. Sending and receiving JOL securely over the internet gives your JOL value. To send and receive, you need a wallet where you will put the public address of the sender and recipient.

Buy & Exchange

On the Jolofcoin platform (www.jolofcoin.io) you can securely buy JOL with FIAT, or exchange it to a popular cryptocurrency (BTC, ETH, DOGE, etc).

In Q3, you can sell and buy JOL on crypto exchanges. 

Mining

Jolofcoin mining is the process of creating new JOL by solving extremely complicated math problems that verify transactions in the currency. When a JOL is successfully mined, the miner receives a predetermined amount of Jolofcoin.

Jolofcoin Ecosystem

Video Introduction

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Greatest Features

01. Web Wallet

The Jolofcoin web wallet is an online service that can send and store your JOL on your behalf.

 

The main advantage of the web wallet is that it can be accessed anywhere, from any device, as easily as checking your email.

 

To make your account more secured, you have the possibility to activate a google authenticator.

 

In addition to that, we have a CAPTCHA (Completely Automated Public Turing test to tell Computers and Humans Apart) which is a type of security measure known as challenge-response authentication.

02. Desktop Wallet

The Jolofcoin desktop wallet is installed on a desktop or laptop computer and provide the user with complete control over the wallet. 

The desktop wallet is considered relatively more secure than the web and mobile wallet. It is however recommended to encrypt your wallet and it backup in case your computer get compromised. 

03. Mobile Wallet

The Jolofcoin mobile wallet performs the same functions as a desktop wallet, but on a smartphone or other mobile device.

 

The mobile wallet facilitates quick payments in physical stores through near field communication (NFC) or by scanning a QR code.

 

The Jolofcoin mobile wallet is compatible with either iOS or Android.

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Mining

There are 2 ways to earn Jolof coin through mining:

01. Join Mining Pool (easier)

Joining a mining pool is the easiest way to start mining Jolofcoin. 

  • Follow the all of the steps that will be listed HERE 

02. Solo Mining

Solo Mining is for loners and it might be the hardest way to earn Jolofcoin. However, it has it's perks. This is perfect for developers and enthusiasts who are not afraid of a little coding.

After the ICO phase is complete, you can download the Jolofcoin Source Code at GITHUB and get started.

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Frequently Asked Question

 
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Who runs Jolofcoin?

Jolofcoin is an open source peer to peer digital currency that is not run or own by any individual, company, or entity. 

Jolofcoin operates through a consensus mechanism rather than decisions made by an individual or groups of individuals.

Nobody has special access or the ability to interfere, reverse transactions, or recover sent funds.

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Who controls Jolofcoin?  

No-one does!

JOL holders and miners are all owners and have equal control over the network; everyone does equally.

 

New software and upgrades are released by the curator team and developers.

 

However, the community ( miners, end-users, exchanges) can choose whether or not they want to use it

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Why use proof of work?

Proof of work (POW) is the original crypto consensus mechanism, first used by Bitcoin.

 

POW blockchains are the most secured and verified network by virtual miners around the world.


Proof of work has powerful advantages, it’s a proven, robust way of maintaining a secure decentralized blockchain.

 

This is very important for the transparency, independence, and decentralization of blockchain.

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What is the Utility of JOL?

Jolofcoin has one specific clear and concise goal, to be widely used as an alternative digital currency for West Africa.

 

For that purpose, the curators and developers are actively working on innovative ways to bring cutting edge technology that millions of Africans can use Jolofcoin for.

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How to acquire Jolofcoin?

Earn Jolofcoin through solo or pool mining


As a form of payment for goods or services


Exchange Jolofcoin with someone near you

Purchase Jolofcoin at an available exchange (coming in Q3)

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Crypto Currency 101

Jolofcoin (JOL) came from a need to empower the regional financial system through technology and blockchain by putting a particular emphasis on innovation, creativity, transparency, and decentralization. With JOL, power is given back to the people who can make the right choices about their own futures without the interference of government. 
 

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Roadmap

 
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Jolofcoin cryptocurrency development

Explorer set up

Web wallet

Desktop wallet

White paper release

 

ICO sale (canceled by consensus)

Payment integration with Xssil (ride sharing app)

Source Code release

Exchange listing (Tier 3)

 

Mining Pool/Solo mining set-up

Payment gateway integration

Partnership with startups

Mobile wallet

Exchange listing (Tier 2)

 

Jolofcoin payment debit card issued

Coin donations to selected charities

Exchange listing (Tier 1)

Further App integration

Phase completed
Phase Starting Mid-October
Phase 90% completed
Technology ready [HOLD]
Phase Pending
Technology ready [HOLD]
Phase pending
Phase Pending 30 % [HOLD]
Phase pending
 

Curators

The curator team does not control Jolofcoin (JOL).  Their sole responsibility is to be curators or custodians of the coin.

 

They can only develop new software and propose upgrades, however, the community can choose whether or not they want to use it. The community is comprised of miners, end-users, exchanges, payment processors, etc.

 

JOL holders and miners are all owners and have equal control over the network; everyone does equally.

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Mady Cisse is a global humanitarian currently working as the Regional Program Manager for East Africa at the International Rescue Committee. Prior to that, he worked as a legislative assistant for the current NYC Public Advocate Jumaane Williams while he was City Councilman.

 

Mady graduated from NYU with a Master’s Degree in Global Affairs, International Development and Humanitarian Assistance. He also holds another Master’s  Degree in Public Administration (MPA) from Kutztown University of Pennsylvania.

Pape Mady Cisse

Founder, 

Executive Operations

& Blockchain Utility.

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Olalekan Ajimoti is a marketing and communication executive working as a Digital strategist for emerging brands, having previously worked as a Digital Marketing Executive for Creatrix Empire Int’l.

He holds a diploma in Engineering and an Advanced Diploma in Digital Marketing from Shaw Academy, Ireland and currently pursuing a BBA in Business Administration at Nexford University, USA
 

Olalekan Ajimoti

Executive Communications

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Mohamed Kalil Kaba is currently a Senior Associate at BlackRock. Prior to joining BlackRock in April 2019, Mohamed worked at Goldman Sachs in Internal Audit in NY covering Corporate Risk and GS Consumer businesses (i.e. Marcus).

 

Prior to that role, he spent 4 years at Credit Suisse where he held multiple roles and has experience as trade support in Fixed Income, Business Strategic Change Analyst.

Mohamed graduated from Columbia University with a Master Degree in Enterprise Risk Management. Prior to Columbia, he obtained his Bachelor Degree in Economics and Political Science at Baruch College (CUNY).
 

Mouhamed Khalil Kaba

Executive Enterprise Risk Management &

Business Development

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Robert Jackson

Executive Community Outreach

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Among many of his notable achievements, Robert Jackson is as a community leader, businessman, a motivational speaker, and a music guru.


In 2000, he wrote for Snoop Dogg's track Unified Remix with Slick Rick. He also wrote hooks for Remo Tha Beatmaker. In 2003, he produced, directed, and hosted his own TV Show in NYC called Up and Cummin Entertainment. In 2005 he produced two DVDs, The Legends of The Game DVD with DJ Ron G and Step your Game DVD with Cavlar.

 

IMG Recordings reached out to him to become a Intern and then an A&R. He signed Mc Shan, Mysterious, Mr.Cheeks and Herb Mcgruff to the label through his tenure.

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