0802 aucproject application en

The existing payment-related digital asset

projects are focused only on the private

retail sector. For a true digital asset to play

a role, it must be available in the public

sector (e.g., utility bills such as electricity,

water, and gas, etc.) as a means of payment

function.

Currently, in order for Digital Assets to be

used as a means of payment in the public

sector, there is a problem that needs to be

overcome by various institutional and regu-

latory hurdles in the region, which is a diffi-

cult part for ordinary businesses to proceed.

Problem 2

Advanced United Continent

SummaryThe AUC is a project that

starts with the financially

underprivileged people in

Africa and East Asia and com-

bines blockchain technology

and cryptocurrency into the

global payment and remit-

tance markets to provide

relative solutions to users.

email : [email protected]

The digital payment market is expanding from offline to online, and there is an era of

digital transformation and transition to a cashless society. Currently, large global pay-

ment companies such as PayPal, Square, VISA, and MasterCard are participating in the

digital asset payment market, and as of July 2021, more than 10,000 'tradeable crypto-

currencies' have been registered on CoinMarketCap.

However, despite its potential, many Digital Assets, including Bitcoin, still have fatal

drawbacks such as rapid price volatility, slow transaction and settlement times, complex

remittance procedures, and lack of payment infrastructure to function as currency in the

real economy.

Problem 1

Digital Assets that are hard to use as payment and remittance methods.

Digital Assets that are difficult to apply to public sector payments.

The AUC project targets the unbanked people in the African continent for early-stage

business. In South Africa, where located in the Enova Foundation headquarter, we have

signed up for the International FinTech Working Group (IFWG) Financial Sandbox under

Reserve Bank. And Nedbank Group, Africa's largest banking network, also provides KYC

and AML operations and financial licenses for FinTech services of the AUC project.

Also, Nedbank Group has a responsibility of Depositor Protection Act for the Enova

Foundation's blockchain FinTech business. And en-Cash has been adopted as one of the

payment methods in wholesale and retail networks using Nedbank's payment network.

This means that the blockchain FinTech business of the Enova Foundation obtains a

financial license from the banking sector and the government to proceed with the proj-

ect, and then expand the ecosystem to East Asia, the Middle East, and Europe.

BAcquired a financial license in Africa, the test-bedof the AUC project, enables blockchain-based FinTech businesses to proceed.

Currently, 'TIER' and 'LEO' have

been developed and are operat-

ing services in Southern Africa.

TIER and LEO exchanges are

organically linked, and all partic-

ipating users in the AUC ecosys-

tem can easily use AUC tokens

and en-Cash points for overseas

payments and remittances using

TIER app and LEO exchange.

CSimple payment and remittance app "TIER," a key solution for the AUC project, and easy cross-country remittance through the digital asset transfer exchange "LEO."

D B2B and B2G businesses based on strong domestic and international partnerships.

Through the solution proposed by the AUC project, the above problems can be expected to be effec-tive below.

Expected effect

The Digital Assets of the AUC project

consist of an ERC-20-based ‘AUC’ token

and our digital point, ‘en-Cash’. AUC

tokens are implemented on a public

blockchain to ensure flexibility and reli-

ability as well as safety and transparency.

And en-Cash is an off-chain and is used

by participants in the ecosystem for

payments and transactions in real life

and as a means of remittance between

countries. AUC tokens and en-cash are

swappable on the crypto exchange.

A Enable easy payment and remittance using AUC’s Digital Assets.

In a strategic partnership with Nice Infor-

mation and Communication, South Ko-

rea's largest VAN company, the AUC proj-

ect is conducting a test project on the

application and utilization of blockchain

technology of existing banks, card com-

panies, and payment network businesses

by applying a private blockchain-based

ledger management DBMS developed by

the AUC project team. In addition, based

on the strong human infrastructure of

the parent company, Ennova Holdings,

which has run SI business for more than

30 years in the African continent, we are

conducting development orders with

local African countries and cities.

In January 2021 the Enova supplied a mobile Warrant of Arrest system for traffic

violators to Newcastle Municipality, Republic of South Africa, making it easier for

public organizations to access Digital Assets with the strong public government,

financial institutions, and VC partnerships in the B2G market, including utility bills

and fines.

Core Functions of AUC Digital Assets(AUC token & en-Cash points)

A

B

C

D

Overseas payments and remittances using Digital Assets through the simple payment.

Apply Digital Assets to existing POS systems (on/offline).

Digital Asset Exchange.

Digital Assets applicable to B2G business.

Token MetricsToken Name: Advanced United Continent (AUC)

Token Type: Utility and Payment

Standard: ERC-20

Smart contract address:

https://etherscan.io/to-

ken/0x87a92428bbc876d463c21c8e51b903f127d9a9f4

Total Supply: 6,000,000,000 AUC

Circulating Supply: 0 AUC

Project Company Name Ennova PTE.LTD.

Date of Incorporation Feb 2nd, 2021

Corporate Location Singapore

Whitepaper https://aucunited.com/auc_whitepaper_EN.pdf

Website https://ennovaglobal.com/

Token Usage : Participants use AUC tokens to pay and remit within the AUC ecosystem and en-Cash point can be swapped with AUC tokens on the TIER app and LEO exchange. TIER apps are now being linked to availability at wholesale and retail stores in South Africa using the payment network of Nedbank, a financial partner. Currently, the wholesale and retail network using Nedbank's payment network is as follows.

Stores that using Payment Network

2,500 stores in Southern Africa

2,000 stores in the Republic of South Africa

850 stores in Sub-Saharan Africa


PEP

Shoprite

Ackermans

Cambridge(Massmart)

Nedbank has also decided to apply en-Cash, a

digital point of the Enova Foundation, to

enable depositing and withdrawing from Ned-

bank's ATM devices. The en-Cash deposit limit

is up to RND 40,000 (approx. USD 2,700 ) and

withdrawals can be made within the en-Cash

balance. It can be used as a payment method

within the daily payment limit of RND 4,000

(approx. USD 270) in wholesale network offline

stores using Nedbank's payment network.Like-

wise, the early ecosystem of the AUC project

will be centered on African Continent, and the

market will be expanded to East Asia and

Europe.

Token Sale Plan : N/A Token Sale Price : N/A


45 stores in the Republic of South Africa



Dion Wired

Builders Warehouse

Makro

Game

In the AUC project, we operate official communities and social media channels for

global users, and we do our best to communicate transparently and quickly with

AUC ecosystem participants.

Community channel & Social Media

Search Advanced United Continent Project

0802 aucproject application en

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