- Cajutel, an Ethereum based company seeks to establish wifi infrastructure in Africa with Initial Coin Offering (ICO) system
- Profits generated from this service will be shared with Cajutel token holders
If you think cryptocurrency is only about making an incredible amount of money and doesn’t have a role to play in uplifting an economy, consider the example of Cajutel. The company has been awarded a Tier 1 ISP data services licence for its crypto project to start operations in West Africa’s Sierra Leone. The initial plan was to build an infrastructure that would offer reliable and cheap internet, and then it also came up with a cash transfer system which aims to work over it targeting its first customers in six–12 months. It is a reasonable demand for good internet with reasonable speeds at affordable costs which led to the inception of a unique crypto project. Read on to know more.
A unique crypto project, powered by ICO
Cajutel is currently working on providing 100% solar-powered high-speed internet for West Africa (Guinea-Bissau/Guinea/Sierra Leone). To realise this goal, the Switzerland-owned and Guinea Bissau-registered business wants to use its Ethereum-based platform to boost connectivity and provide access to high-speed broadband in Guinea Bissau and Guinea. Last recorded, the token distribution event witnessed 336 participants with 600 ETH.
Latest Progress in Africa’s wifi scene
In a recent Youtube interview, Cajutel’s CEO Andreas Fink reveals that the idea is to leverage the power of ICO (Initial Coin Offerings) to offer high-speed, reliable wifi to people of Africa. Instead of the capitals, Fink has always believed in targeting the bigger cities and countrysides to make the most of market demand. The plan now is to place the towers in the right locations with the help of radio link simulations, and he is currently in Guinea to work on regulations.
Fink admits that there is huge demand in rural areas of Guinea, where customers only get 2G internet services at present. Site visits are on, and the project is going to kick start with cities with 100,000 customers. Smaller cities with zero internet services is going to be Cajutel’s target in Guinea, shares Fink.
Currently, there are plans to build roughly 20-30 towers plans in Guinea, dotted along a border of 400km strip and then go on filling gaps in the middle. Assuming plans work within time frame, and both human as well as financial resources are utilised as per planning, Cajutel should be able to put up 3-4 towers a month with team. Previously, ISP and mobile operators were charged a fortune, but with now with internet providers around, it has become easier, feels Fink.
More Signal Strength
At Sierra Leone, work for the first tower is almost complete and it has been on test service for a while now. Improvement in speed is of course, subject to subscription, but test cases have shown that it could be 10-15 megabits, informs Fink. However, with the installation of 30degree directional antenna, it is possible to catch much stronger signals. In this case, the signal strength received from users is more, and comes with an added benefit of less noise, explains Fink. Describing this as a ‘big factor’, the Cajutel CEO assures users to expect at least 100 megabits as testing amps up.
At Sierra Leone, most towers are being set 20-40km apart, and it would take about 1-2 years to set up the target of 45 towers. While underground fibres are both costly and unreliable, Cajutel is going there with its own ‘microwave’ infrastructure and expects to get more customers on board by working on better capacity, shares Fink.
Profit pouring in with Cajutel tokens
Cajutel’s vision is to build the most cost-effective broadband access network and to provide cutting-edge communications for its customers and thus provide a fillip to the education and economy sectors. Buying Cajutel tokens in the ambitious wifi project is being seen as a long-term investment. Once towers are up and running and the company is churning out good profits, token holders can surely expect great outcomes. Finally, Andreas Fink revealed that his company is also looking into the ‘sea cable option’, which according to him will change things completely.