Cajutel ICO, which was launched on 18 August 2017 with the sole purpose to raise funds to develop the infrastructure to serve High-speed 4G internet to the masses of Guinea-Bissau, a small country located in West Africa where people don’t even have access to 3G internet. Well! The bitter fact is internet speed is as slow as 256kbps, at this speed nobody expected to utilize the internet for business or education purpose.
Cajutel is currently having a telegram community of around 700 people who had invested in their project and it has been a year since the project started. The community is still the same, no one has left the channel/project until the date they are supporting Cajutel and there are no major sellers of Cajutel, they are holding their CAJ token, as they could see the potential of having shares in a telecom company backed by real-world assets. The community is waiting for Cajutel to get Internet service provider License.
With a first listing price of $9, to an all-time high of $67, Caj had never hit lower than $9 till date, while Major Price fluctuations are expected in CAJ token after acquiring internet operating license in Guinea-Bissau, the CAJ is expected to be bullish. Cajutel has mentioned that their 4G coverage will be 8X to 20X of AT&T. If AT&T’s present EBITDA is $30, Then Cajutel’s EBITDA will be Price around $300 to $700. In a couple of years in the event that we figure Dividend as Described In their Market Plan it will be around $52.
Doing business in Africa is quite complex as there are major challenges to the political, industrial and technical aspect. Although Cajutel is fighting all the odds, company’s Founder and CEO, Mr. Andreas Fink recently announced that the team has landed in Bissau to meet the License regulator.
Andreas shared this Status update with the community-
With this statement, it is very much clear that Cajutel team is working hard to get the License as soon as possible, and more updates and the good news is expected!
Cajutel all set to solve First World Problems:
Cajutel Sarl, Swiss-owned ISP based in Guinea-Bissau (West Africa). The company plans to deploy a state-of-the-art internet solution in the Guinea-Bissau, with an ambitious plan to deploy their services to all neighboring countries. Their aim is to provide high-speed 4G internet and cell phone services to replace obsolete equipment and technology with the latest 4G Cell technology. The traditional legacy networks are no longer economically viable. Guinea-Bissau is plagued with expensive and slow internet and cellular services, which makes Cajutel’s plans to provide much faster, reliable services unique in the ICO space. Cajutel is one of very few ICO’s which are solving the first world problem rather than making Sci-fi stuff.
Learn more about Cajutel at – http://www.cajutel.gw/