Fonbnk & Mento cKES Rewards Campaign
September 11 2024
by Behice Uzun
Unlock USD 50,000 in Rewards: Join Kenya's Digital Finance Era with cKES
The introduction of the Celo Kenya Shilling (cKES) marks a significant step in digital finance for Kenya. cKES, a stablecoin pegged 1:1 to the Kenya Shilling (KSH), offers fast, secure, and cost-effective transactions. Whether you’re a user or a developer, cKES opens up unique opportunities to engage with decentralized local currency stablecoins through innovative use cases.
USD 50,000 in cKES Rewards Available
To support the launch of cKES, a prize pool of USD 50,000, equivalent to 6,450,000 cKES, is now available to users! This initiative, backed by a collaboration between Mento Labs and Fonbnk, invites you to be part of Kenya’s evolving digital finance landscape and experience the benefits of cKES firsthand.
How to Participate and Earn cKES Rewards?
Engaging with cKES is simple. Here’s how you can get started:
Set Up or Update Your Valora Wallet: Make sure your wallet is compatible with cKES. If you don’t have a Valora wallet, download the app and follow the setup instructions.
Buy cKES with M-Pesa or Airtime: Use the Fonbnk widget to convert your M-Pesa or Airtime balance directly into cKES, enabling easy access to the cKES ecosystem.
Earn Rewards: For every USD 10 converted into cKES or cUSD in your Valora wallet you will receive USD 1 worth of cKES. This program offers a way to increase your digital assets while exploring the cKES ecosystem.
*Each participant is eligible to receive a maximum of USD 1 worth of cKES per Valora wallet. The campaign will either continue until the total reward pool of USD 50,000 is fully distributed or after 12 months from the campaign start date have expired.
How to Use cKES in Your Daily Life?
cKES offers numerous practical applications:
Remittances: Send money across borders quickly and affordably, without high fees or delays.
E-Commerce: Shop on local and international online platforms using cKES for secure and efficient payments.
Savings: Use cKES as a stable digital asset for secure savings through platforms like HaloFi, and participate in saving campaigns to earn extra rewards with cKES.
Payments: Enhance business efficiency with fast and transparent payments using cKES.
Microcredit / Microfunding: Use cKES on microlending platforms like Haraka to get microloans with lower fees and automated repayments. Benefit from improved risk management and transparency, enabling more efficient scaling of your operations.
Opportunities for Developers and Local Builders
For developers and businesses, integrating cKES presents exciting opportunities to:
Plug In Your Solutions: Easily integrate your solution into the expanding cKES ecosystem.
Incentivize Users: Use cKES rewards to attract, engage and retain a loyal user base.
Enhance Financial Accessibility: Support the expansion of digital financial services in underserved communities.
Join the cKES Movement Today
Don't miss your chance to experience real-world applications of local currency stablecoins firsthand.
Just follow the instructions above to get started with cKES now.
Earn rewards, enjoy secure transactions, and take the lead in Kenya's digital finance movement!
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