ALYI EV Initiative Synced With African Financial Market Improving Risk Profile
Dallas, Texas--(Newsfile Corp. - September 8, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted Senegalese President, Macky Sali's initiative to correct the risk profile of sovereign debt in Africa reported in Bloomberg today.
"This negative-risk perception is not in tune with the reality of our continent," Sali told the gathering that included the IMF's Kristalina Georgieva. "People think that this is a problematic continent and demand a rate of return that is unparalleled elsewhere in the world."
Figure 1: Africa Pays More
To view an enhanced version of this graphic, please visit:
The Bloomberg article goes on to report:
"Like other African governments, the former French colony has rushed to sell sovereign bonds to fuel an era of unprecedented growth that helped lift millions out of poverty over the past decade. Eurobonds have displaced multilateral lenders like the IMF as Africa's main source of financing, going from one nation offering $200 million in 2006 to about two dozen selling $117 billion of such paper."
In summary, the Bloomberg article highlights that debt premiums may not be in keeping with the actual risk profile. Investors may be enjoying the ROI from a risk profile not in line with real risk. A potential realignment of pricing with the real risk profile could bode well for the timing of ALYI's $300 million electric vehicle initiative in Africa.
At the same time that a movement to align lending pricing with risk in Africa is underway, the prevalence of cryptocurrency in Africa is on the rise offsetting challenges with local currency valuations. Cryptocurrency transfers to and from Africa have risen 55% in the last year and more as more small businesses accept cryptocurrency as payment instead of local currency.
ALYI's electric mobility ecosystem has been designed to invite wide participation with the catalyst launching the ecosystem into perpetual motion built around a planned initial cryptocurrency offering (ICO) organized by ALYI funding partner RevoltTOLKEN.
The RevoltTOKEN cryptocurrency is structured to incorporate the holder as a stakeholder into the ALYI electric mobility ecosystem.
The RevoltTOKEN cryptocurrency is a utility token with redeemable value into the ALYI electric mobility ecosystem.
All interested in purchasing RevoltTOKEN cryptocurrency are encouraged to thoroughly review the white paper currently in a draft form and available on the RevoltTOKEN website (www.revolttoken.com) where the cryptocurrency redemption options are listed.
The whitepaper also details the overall vision of the ALYI electric mobility ecosystem in partnership with those becoming RevoltTOKEN stakeholders.
RevoltTOKEN is prepared to promptly move forward with the planned ICO. The ICO date and details will be forthcoming in several soon to be published future updates.
In the meantime, any parties interested in the pre-ICO purchase of RevoltTOKEN cryptocurrency can contact the company by email at email@example.com to explore pre-ICO incentives and opportunities.
For more information and to stay up to date on ALYI's latest developments, please visit www.alternetsystemsinc.com.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Alternet Systems, Inc. Contact:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63399