MOYA Network ICO Meet-Up In Accra

Moya Networks, the Pan-African company that is set to run high-speed internet connection across Africa, organized a Meet-Up in Accra on Sunday afternoon to interact with investors and the crypto community members about their upcoming Initial Coin Offering (ICO). The event, organised by Core Media was attended by more than 60 people.

Opening the event, Afrikanus Kofi Akosah Adusei of Core Media took participants through the principles of ICOs. He, however, explained how most ICOs are start-ups but MOYA Network is an already established business and only introducing the Blockchain for crowdfunding.

"It is important you understand the fundamentals of an ICO before you invest in it. Many people have been a victim of scam ICOs because they didn't take the time to do the necessary due diligence. ICOs are far better than IPOs since it gives everyone the opportunity to invest in an idea or a company irrespective of economic status and geographical location", he said.

He also highlighted the peculiarities people should look for before investing in an ICO. Some of them were the team behind the project, Escrow, refund policy among others.

Afrikanus, therefore, urged participants to do the necessary due diligence when investing in any ICO, even though he maintained, “There are a lot of potentials in the MOYA Network business idea."

Moya Networks is a submarine cable capacity provider created by seasoned Pan-African ICT professionals. Moya Network's vast experience in developing and managing ICT companies will come in handy in the planned overhauling of the broadband data market in Africa.



Its CEO Carrey Phillips in a Skype question and answer section said MOYA Network will compete at lower prices with established companies like MainOne, MTN and Glo all of which have their own submarine cables landing in Lagos, Carrey stated:

"We'll use new technologies like IP based to deliver low-priced capacity. There is plenty of space for innovative capacity providers and the requirements are exploding with existing applications and new ones under development" he stated.

He also assured participants that very soon Africa's struggle with the crappy internet connection end since the MOYA business model is the solution to that headache. In Conclusion, Carey urged participants to invest in his company since it is worth it.