The House of Mandela launched the HOM Token in hopes of giving all South Africans equal access to a stable and regulated banking system impenetrable by corruption to help regulate the money supply and bring the unbanked into a safe and reliable financial network. As more people have mobile phones and subscribe to mobile services than bank accounts, the hope that this digital currency will be more broadly spread is one of the main initiatives of the HOM Token project.
The HOM Token project also means to empower businesses, big and small, to allow them to bring in more customers relying on digital currencies. By allowing merchants to offer a 5% token-back deal, the House of Mandela hopes it encourages more people to shop and support businesses throughout South Africa and the world.
How the House of Mandela is Making a Difference
Sales proceeds made with HOM Tokens go toward the House of Mandela Family Foundation. The Mandela family established this foundation in 2017 to improve the livelihoods of underprivileged communities and take on social issues affecting impoverished African communities.
One of the main focus points of the Mandela Family Foundation is the Qunu Food Security Project. The House of Mandela Family Foundation has supported the works of organizations like St Mary’s Foundation and My Life foundation in their programs. With a great sense of responsibility and a passion for contributing positively to society, the House of Mandela Family Foundation has embarked on the Qunu Food Security project, anchored at Madiba’s farm in the Eastern Cape.
Qunu is the childhood home of Nelson Mandela and the place where he is buried. So it has a great significance not only to the family and the community around it but to South Africa and the world at large, as there lies a legend of contemporary times. The Qunu Food Security project is the leading initiative. However, the House of Mandela Family Foundation has the scope to expand to holistic community development, which will include women empowerment, youth development, health, and education.
You Can Also Make a Difference
The House of Mandela has launched the HOM Token and HOM Token-Back Rewards Program, allowing merchants to accept HOM Tokens as payment like any other currency. Merchants can offer users a 5% token-back reward on all purchases at no cost to them. This initiative aims to empower businesses, with proceeds of each sale going directly to the House of Mandela Family Foundation to support the causes mentioned above.
To learn more, visit www.houseofmandelatoken.com today!
