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African Shilling is an experiment in people-powered currency. The African Union has debated a pan-African currency for decades. African Shilling asks a different question — what if ordinary Africans created it themselves, through grassroots adoption, before any government does? AFS is the token used in that experiment. It may succeed, it may fail, it may be worth a lot, it may be worth nothing. That is what makes it an experiment.
African Shilling is not a registered investment adviser, broker-dealer, or financial institution. Nothing in this app — no screen, message, rate, or figure displayed — constitutes financial advice, investment advice, or a solicitation to buy, hold, or sell any asset. No one associated with this project is acting as your broker, intermediary, agent, or advisor. Participation is entirely at your own risk. If you are unsure whether AFS is suitable for you, seek independent professional financial advice before participating.
AFS has no intrinsic value and is not backed by any asset, government, institution, or guarantee. Its worth, if any, comes only from what other participants are willing to exchange it for. This can drop to zero at any time, without warning. Past behaviour is not indicative of future results. Rewards are paid from a community pool and are not guaranteed to continue. The community pool may be exhausted, reduced, or halted at any time.
The legal status of digital assets and blockchain-based tokens is uncertain and evolving across Africa and globally. Laws differ between countries and may change without notice. In some countries, holding, trading, or using digital assets may be restricted or prohibited. You are solely responsible for determining whether your participation in African Shilling is lawful where you live, and for complying with all applicable laws and regulations. African Shilling does not represent that it is legal to use this service in any particular jurisdiction.
When you commit AFS to flexible savings or lock AFS for a 12-month term, your tokens are held in a smart contract. This carries substantial financial risk, including the risk of total loss of those tokens. Locked tokens cannot be withdrawn before the lock period expires. Rewards displayed are estimates based on current pool conditions and are not a promise of future returns. Smart contracts may contain bugs or vulnerabilities. On-chain transactions are irreversible. Only commit what you can afford to lose entirely.
All on-chain transactions — including token claims, savings deposits, and lock commitments — are final and non-refundable once confirmed on the blockchain. African Shilling cannot reverse, recall, or compensate for any on-chain transaction, regardless of the circumstances.
You are responsible for understanding the laws in your country before participating. You are responsible for the security of your account, PIN, and any device you use to access African Shilling. You are responsible for any tax obligations that arise from holding, receiving, or transacting with AFS in your jurisdiction. African Shilling cannot recover lost accounts, lost PINs, or lost tokens. You are responsible for your own financial decisions.
You must be 18 years or older to participate. By using African Shilling you confirm you meet this requirement.
To the maximum extent permitted by applicable law, African Shilling and its contributors are not liable for any direct, indirect, special, or consequential losses — including financial losses, loss of access, loss of tokens, or other damages — arising from your participation. This includes losses caused by market movements, smart contract failures, network outages, hacking, regulatory changes, or force majeure events. This is an experiment — by participating, you accept all associated risks.
African Shilling is designed to minimise the personal data we hold. Here is exactly what is stored: National ID number: we do not store your ID number itself. We store a one-way mathematical fingerprint (a keccak256 hash) of your country code and normalised ID. This fingerprint cannot be reversed to recover your original ID number. It is used only to verify your identity if you forget your PIN. Phone number: we do not store your phone number itself. We store a one-way SHA-256 hash of it. This hash cannot be reversed to recover your number. It is used as your account identifier and for login. PIN: we do not store your PIN itself. We store a bcrypt hash of it. This hash cannot be reversed to recover your PIN. Session: when you log in, a short-lived token (JWT) is stored in your browser as a secure cookie. It expires after 7 days. No other personal data is collected or stored.
These terms may be updated. Continued use of the app after changes are posted means you accept the updated terms.