This is the ethos underlying MahalaCoin – the world’s first cryptocurrency backed by contracted, external revenue, ensuring liquidity and bridging the divide between traditional capital markets and the world of digital currency.
MahalaCoin is a key link in the FORUS Global Digital Exchange, an ecosystem of businesses built on a public utility blockchain, which generate external revenue that in turn supports the MahalaCoin economy.
MahalaCoin is sustainable. The more active users on the platform, the more the coin is transacted – the more revenue is generated, creating more capital and increasing the value of MahalaCoin.
Together, the Forus Global Digital Exchange payments platform and Mahala Coin provide the means to transact with anyone, anywhere in the world in real-time, breaking down barriers to economic participation and fostering prosperity for all.
April 09, 2018 ($1)
20.000.000 MHC (+ 10 mill provision at 1.5$)
May 20 - 18 Jun, 2018 ($2)
110.000.000 MHC Pre-mined
180.000.000 MHC (ERC-20 based)
ETH contribution address: 0xe117bb9D1E0fc6E859D9bf174C53baa7C673547a
The ICO will start on the 20th of May 2018 and run until the 18th of June 2018. The price of the ICO will be $2. The Pre-Sale will start on the 09th of April 2018. During the Pre-ICO Sale you can buy the MahalaCoin at 50% discount of the ICO price, $1. All purchases will be of a minimum of 0.1 ETH to a to a maximum of 30 ETH. All purchases will be vetted and undergo a KYC procedure. KYC to be completed within a month of the purchase. FORUS will hold a white list for potential participants on a first come, first served basis and will ensure all are vetted according to the same criteria. Citizens of the following countries are not allowed to participate in the ICO: China, Mexico, Russia, Saudi Arabia, South Korea, Pakistan, USA.
The Mahala S-QR is like a traditional QR code. Only it’s engineered for secure digital transactions.
When you see a product or service you want to buy that has a S-QR, you simply scan it like you would any other QR code. Your funds are securely transferred to the seller after you enter your PIN and confirm your purchase. No card needed!
Founder & CEO
Sonny is the founder of FORUS and was previously the CEO of Skynet Technology Group, Inc. Sonny was also previously the CEO of JSE (Johannesburg Stock Exchange) listed Information Security Architects (ISA), the largest IT security consultancy and value added reseller in Africa.
Having started programming at the age of 12, Sonny went on to start his own point of sale business which he listed on the Johannesburg Stock Exchange in 1997 (Renaissance Retail).
At 29, Sonny was one of the youngest CEOs of a listed company in the history of the JSE.
As founder and CEO of Microangelo POS, he developed and implemented point of sale solutions for FMCG, fashion and specialty retailers. Sonny started his career in IT and Strategy Consulting for international audit and consulting firms. He has also worked with the Branson centre for entrepreneurship.
Having conceived the FORUS concept over nine years ago Sonny has been working across the globe to develop the FORUS eco-system for launch. He has a great vision for financial inclusion and small business funding.
Co-Founder & COO
Paul is a co-founder of FORUS and also CEO of Integrated People Management (IPM).
He is an expert in Smart card technology | Biometrics | Logical and Physical Access Control and Workforce Management, with extensive technical experience in integration of multiple ERP / HR and Identity Management systems.
Paul has over 23 years of experience and a track record of delivering large scale solutions across many market segments incl Manufacturing, Retail, Petrochemical, Healthcare, Government and Hospitality.
Paul currently manages operations incl. the FORUS solution development teams and has been working with Sonny for the last 3 years in the crafting of FORUS’s diverse team and very unique skill sets that, together with FORUS’s technology partners, enable delivery of the FORUS Digital Exchange platform.