“At Mara, we are committed to the financial empowerment of the people who use our products and services to meet their diverse crypto financing needs, and we take our responsibility to build an informed community seriously,” Chi Nnadi, Co-Founder and CEO of Mara, he said commenting on the Mara Wallet pre-launch. “As one of our first steps towards achieving crypto education, financial education and ensuring a more equitable distribution of capital, we are delighted to pre-launch Mara Wallet. Our goal is to get Sub-Saharan people started on their journey to take advantage of a financial infrastructure on which they can build their lives and take full advantage of the financial growth opportunities available in the crypto economy.”
The Mara Wallet waiting list, which is the core mechanic of the pre-launch app, is aimed at both crypto-curious users and crypto-enthusiasts looking for early access to the exchange. Through it, they will unlock financial rewards that give users the perfect start in the #cryptoeconomy.
While describing how the Mara Wallet queue works, Chi added: “Pre-registered users will join a queue to enable early access on a first-come, first-served basis. In addition, a higher position on the waiting list increases the odds of winning prizes on a regular basis. As soon as users join the waiting list, they instantly get a registration reward. All users who recommend Mara Wallet to their friends, family and the community also get more rewards when those users sign up using their unique referral link. Pre-registered users who participate in referral activity also improve their chances of moving to the top of the waiting list.”
The Mara Wallet app is available on the Google Play and Apple App stores. Once formally launched in a few months, Mara Wallet will allow users to invest in cryptocurrencies and send money to their families in real time without processing times, delays or high fees. . To join the waiting list, download the app at google play or the Apple App Store.
The Mara Wallet pre-launch comes at a critical turning point in the evolution of sub-Saharan Africa. The current centralized financial system continues to present permanent obstacles to the development of both local economies and individuals. As a result, food prices have doubled or even tripled in some areas and created unprecedented interest rates. These systems have caused a compelling need for a decentralized alternative.
Mara’s mission is to facilitate a more equitable distribution of capital by providing an alternative that spans tribes, classes, cultures and countries.
Mara is building Africa’s portal to the crypto economy through a suite of pan-African products that address a variety of crypto finance needs while complying with local regulations and being authentically created for the African audience. Mara will initially launch in Kenya and Nigeria, with its first product being a simplified and user-friendly wallet through which users can easily buy, sell, send and withdraw cryptocurrencies. Mara will also launch a professional exchange for experienced users who prefer a full suite of options trading and technical analysis tools. Mara Chain will launch later, giving savvy developers a place to build decentralized apps that will help shape the future of the African crypto economy. Mara’s executive team includes former executives from Amazon, PayPal, Uber, NVIDIA, Founders Bank, Rappi and more. The company raised a total of $23 million from Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ Ventures, Day One Ventures, DIGITAL, Nexo, KuCoin Ventures, Huobi Ventures, and nearly 100 other crypto investors and angels. Mara’s executive team is led by Chi Nnadi, Lucas Llinás Múnera, Dearg OBartuin, Kate Kallot and Susan Younis.