Abstract: Financial Literacy?
In other words, financial literacy implies having the basic understanding and know-hows of basic financial concepts such as budgeting, risk management, investment, savings and others. The knowledge needed for financial literacy is the ultimate modern power - a power that everyone deserves.
But looking at the world over, there is deficit of this power. A well referenced S&P research established that a sizable percentage of the world population lacks financial literacy skills and knowledge. A more recent survey indicates that Africa scores the poorest in global ranking of financial literacy. Nigeria, for example is among the poorest ranking nations, scoring as low as 26%. As regards the oppositions to DeFi, Blockchain and Cryptocurrency especially in Africa, we believe this is partly due to lack some basic knowledge and understanding of the Blockchain technology and the gains and inescapable future it holds.
Hence, The Azaland Project was born to tackle these problems - to advocate for Global Financial Literacy, with Africa on the primary spotlight. It was born to foster a global financial literacy advocacy culture, beyond the usual finance education. Traditionally, the Financial Literacy we are all accustomed to is limited to fiat money concepts and traditional investment. But we see a need to expand beyond that into the future of finance: Blockchain and Tokenization.
Tokenization is an emerging and rapidly evolving aspect of the Blockchain technology. As the market of Blockchain technology matures, the impact of cryptocurrencies, digital assets and tokenized assets on financial markets increases. However, the average consumer doesn’t understand what tokenization is or why it matters, let alone how the technology works or why the legal framework matters. Undeniably, this limited knowledge limits the growth of the tokenization while the large opportunities and long-term economic growth implications remain untapped.
The Azaland Project, using the AZA Token is planned to make tokenization known and accessible through four models:
- Advocacy: Advancing financial education digitally, locally and globally
- Showcase: Suitable case study to exemplify the opportunities of tokenized assets
- Gamification: Aza Gems are gamified tokens to educate and inform more people
- Community: AZA is community-first token, sustainable and fair-launch based
The Azaland Project, powered by AZA (Aza Gems), is the world’s first digital project combining tokenization, financial literacy education and community gamification with a DeFi currency all built on the BNB Smart Chain blockchain network. Azaland aims to raise awareness, in addition to financial literacy, of tokenization (and Blockchain technology in general) and make the concept more approachable for the everyday consumer and bring us closer to widespread adoption of DeFi and blockchain technologies. AZA is a project by The Azaland Project with the primary goal to showcase the opportunities of financial literacy that encompasses Blockchain and tokenized assets as a means to educate consumers about tokenization by gamification and to create a community driven token economy.
We trust our Azaland Community and genuinely believe that information, cogent financial education, and a practical application and user experience is key to making the blockchain technology of tokenization a global phenomenon. We strive every day and hope to establish a blockchain-driven ecosystem and technology infrastructure to harvest these future-now, less-known opportunities and much more.
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