On the 7th of September, South Africa will be hosting the first-ever Crypto Festival. The event is aimed at providing insights into why South Africans are investing and trading cryptocurrencies
According to a global survey by social media management company Hootsuite and global agency Wearesocial, South Africa has been ranked as the top country for ownership of cryptocurrency. The survey found that 10.7% of internet users in the country own cryptocurrency.
Africa is embracing the digital revolution!
Bitcoin is now 10 years old and with it has come a plethora of exciting new ways to transact, invest, trade and conduct business. The Crypto Fest will showcase these exciting innovations with well-known local and international speakers who have created businesses, products, and services using cryptocurrencies.
The demand for altcoins in the country is rapidly growing, and often local exchanges with fiat on-ramps are used as a gateway to international exchanges to facilitate top performing cryptocurrency acquisitions. AltCoinTrader has identified a niche space and has listed the top 20 CoinMarketCap coins on its platform to provide traders with easy access to these markets.
What You Can Expect at Crypto Fest
This one-day event will be moving away from the traditional conference and exhibition model, into a ground-breaking festival of engaging, thought-provoking and quality content on three stages, driving meaningful discussion and debate on how best to accelerate global adoption of cryptocurrencies. Crypto Fest 2019 strives to bring cryptocurrencies to life through immersive activities showcasing examples of real-world application and increased engagement opportunities to make the connections needed to expedite cryptocurrency adoption through controversial crypto debates in the Crypto Battle Arena, live crypto gaming and fun competitions with crypto giveaways. The festival will culminate with a crypto party!
Crypto Battle I: Battle of the Coins
The Bitcoin Civil War between BTC, BCH, and BSV is hotter than ever, with existential stakes for different communities of stakeholders. Many different opinions exist in the crypto community on which bitcoin is the true bitcoin: which is the most efficient payment system, what is the most efficient block size limit and which of these are as per Satoshi Nakamoto’s Whitepaper, ‘Bitcoin, A Peer-to-Peer Electronic Cash System’. Each participant will make their case for the bitcoin they support after which each will have the opportunity to respond to the other participants. The audience will have the opportunity to pose a question that the moderator will ask via our Twitter event hashtag, #CryptoFest2019. Less fighting and more buidl-ing is the only win-win scenario here. Catch Lorien Gamaroff, Rocelo Lopes and Warren Gray in this crypto battle ring, with James Preston as the mediator.
Crypto Battle II: Crypto Whales vs. the Small Fish
Crypto whales get accused of market manipulation and dirty tactics, and can cause market prices to drop or rise within minutes by dumping a huge amount of coins at once. However, not all crypto whales are sharks. And while that might be true for some whales, it is a broad and unjustified generalization to presume that all of them are solely focused on market manipulation. Price manipulation tactics occur in every market and are illegal in regulated markets which is not the case in the current crypto unregulated market. Join Graeme Tennant at our Whales vs. the Small Fish crypto battle, moderated by Grey Jabesi, which will look at how whales influence the crypto market and what tactics they use to create FOMO in the market.
Crypto Battle III: Libra Coin: What Does it Mean for Cryptocurrency?
It is no more news that Facebook is taking a chunk of its resources and technical know-how to establishing a coin, Libra, offering a “faster, cheaper and more secure” alternative to traditional ways of making payments on the internet, according to reports. Regardless of all the details surrounding the introduction of this ambitious project, one thing is clear: over 2 billion people would have seamless access to Libra. Therefore, regulations, use case, its influence on the crypto market, as well as the financial industry, has come under unprecedented scrutiny.
This battle, moderated by Farzam Ehsani, will consider the various pros and cons of Libra, what it means for the crypto industry, consumers and regulators including the impact on other cryptocurrencies.