Africrypt (AFC) is the first truly successful crypto project on the African continent. In simple terms, it is the African version of Dogecoin + the starting point for African DeFi.
Scheduled to launch by the end of 2024, it exploded in 2025, driven by the narrative that Africans are building their own chain, instantly igniting the enthusiasm of the entire continent's crypto community. The project background is very hardcore: the founders are several blockchain veterans from South Africa and Nigeria who discovered that although Africans are super enthusiastic about crypto (countries like Nigeria, Kenya, and Ghana are among the top ten globally in crypto adoption), there are almost no African projects on mainstream chains.
Africrypt has directly built a Layer 1 chain optimized for Africa, with gas fees shockingly low at just a few cents per transaction, supporting local payment methods (M-Pesa, Airtime, USSD), and it has also integrated a channel for exchanging African fiat currencies. The token $ AFC is the platform's native currency, which serves multiple purposes: governance, staking, transaction fees, and ecological incentives.
The community's favorite play is African mining, running nodes on mobile phones, participating in DeFi farms, and even using AFC to buy coffee or recharge mobile credit. In 2025, it launched an African version of the NFT market and P2P lending, with Total Value Locked (TVL) skyrocketing.
Why did it suddenly become popular? Because there are many young people in Africa, widespread mobile phone usage, and traditional banks are often unreliable. Bitcoin and Ethereum are too expensive, so Africrypt has become a crypto that even the poor can play. Additionally, the founders frequently post photos from the streets of Africa on X and connect with local KOLs, creating a community atmosphere reminiscent of early Dogecoin, driven purely by memes and faith.
Therefore, Africrypt does not sell technology; it sells the dream that Africans can also become masters of crypto, the first RMB project in the African crypto space, with absolutely significant potential for the future.