Nyumbani Africa Value Ecosystem is a blockchain-based system where value isn’t tied to traditional cash but to a digital “coin” or “point” system that reflects the energy and effort farmers put into producing food. This Nyumbani Afrika Card (or digital wallet) lets farmers, buyers, and vendors trade goods and services directly, bypassing the cash economy for a product-driven one. It’s a closed-loop ecosystem that empowers our community while integrating with existing money transfer operators (MTOs) for flexibility.

How It Works

(ii) The Nyumbani Afrika Coin (NAC)

• A digital token representing the “true value” of agricultural products (e.g., honey, eggs, cereals).
• Farmers earn NAC based on their output, think of it as “mining” food energy instead of crypto hashes.
• Backed by Nyumbani Afrika’s aggregation parks, which validate production and convert goods into NAC credits.

(ii) Nyumbani Afrika Card/Wallet

• A rechargeable digital card or app with a unique wallet code for each user.
• Users (farmers, buyers, vendors) purchase NAC with cash via bank accounts or MTOs (e.g., Mobile Money).
• Stored NAC can be spent on products within the Nyumbani Afrika e-commerce marketplace.

(iii) Value Exchange

• Farmers sell produce to the aggregation park, earning NAC proportional to their goods’ value.
• Buyers use NAC to purchase directly from the marketplace (B2C) or vendors (B2B).
• Cumulative NAC points can be traded peer-to-peer using unique wallet codes (e.g., farmer to vendor for supplies).
• Exit option: Convert NAC back to cash via bank transfer, with a small fee to sustain the system.