Umtata Coins

Discover everything related to crypto in the city of Umtata.

Mthatha, formerly Umtata, is the main city of the King Sabata Dalindyebo Local Municipality in Eastern Cape province of South Africa and the capital of OR Tambo District Municipality. The airport serving the city was once called K. D. Matanzima Airport in honour of the late Kaiser Matanzima. The neighbouring Mthatha River, which was named after the Sneezewood (umtati) trees, which are renowned for their wood and medicinal qualities, is where Mthatha gets its name.

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Advantages of Umtata City Coins

Discover the unique advantages offered by the coins of the city of Umtata.

Encourage Local
Consumption in Umtata

Boost the Umtata economy by encouraging local consumption, avoid relocation and increase the ability of producers to hire.

Promote Umtata Savings and
Local Wealth Creation

Promote local wealth creation and savings with the validity of the Umtata Coins being limited to a territory and the service of the local economic force (small local shops, local producers, etc.).

Facilitate Economic
Cooperation

Facilitate economic cooperation between you the resident, and Umtata. Encourage city manufacturers to reduce the transportation of products and take action against climate change.

Encourage
Social Initiatives

Receive a basic income each month by participating in common actions - selected by the Umtata community - for the good of the city.

Reduce Wealth
Inequality in Umtata

Provide the vast majority of the newly issued Umtata Coins to the residents as a form of universal basic income to reduce the gap between the rich and the poor.

Protect Umtata from International
Market Volatility

No need to worry about fueling market speculation with derivative assets. The Umtata Coins improve the territory in which they are administered, losing all value outside of it.

ZA-UMTATA PRICE

ZAR 1.00

  • $0.27 USD
  • +0.44%

50,671 PTS

Rank

0 / 185

Leader

NYC - 53,057 PTS