Synthetic African Currency Exchange (SACE Index)

PROJECT UPDATE: FEBRUARY 12, 2026

Initial IEO Listing on BitMart Exchange

We are pleased to announce that SACE Index ($SACE) has formally entered into an agreement for its Initial Exchange Offering (IEO) on BitMart Exchange, a leading global digital asset exchange (replacing UpBit Exchange as previously announced).

KEY DETAILS

Exchange: BitMart Exchange (https://www.bitmart.com)
Exchange Type: Centralized Exchange (CEX)
Exchange Coverage: Global
Offering Type: Initial Exchange Offering (IEO)
Tokens Allocated: 1,500,000 SACE
Indicative Price: USD $23.00 per SACE
Total Indicative Offering Value: USD $34,500,000
Contract Signing Date: February 9, 2026
IEO Launch Date: March 2026 (TBA)

This IEO represents a major milestone for the SACE Index as it progresses toward broader global market access and institutional-grade liquidity. Additional information regarding the IEO structure, participation mechanics, and final timeline will be published as details are finalized.

For full details, see the SACE IEO Listing Framework.

Project Details

Token Name: SACE Index
Token Symbol: SACE
Token Type: BEP-20 Upgradeable
Total Supply: 100,000,000,000 SACE
Creator: Simon Kapenda
Version: 1.1
Date: October 6, 2025
Updated: January 14, 2026

🚀 Mainnet Deployment

The Synthetic African Currency Exchange (SACE) smart contract has been successfully deployed to the BNB Smart Chain (Mainnet). SACE represents a weighted basket of Africa’s top 21 performing national currencies — with a combined valuation exceeding $2.3 trillion USD — tokenized into a single, tradable BEP-20 digital asset—the SACE Index— and benchmarked directly to the U.S. Dollar Index (DXY).

Deployment Details:

Network: BNB Smart Chain (Mainnet)
SACE Proxy Address (Main): 0x9F6d0EDc0eB6BBa34F06CeC4fbA7f91bb4600F73
SACE Implementation (Verified): 0xf84D3BA755a5c8FBffb2776948F61676552f39bB
SACE Oracle Registry: 0x96DCdC8C5A5C2B2Fdb5CB1C882234311b2dc797d
SACE Price Updater: 0x8C4A89223af9Ce160927D6Fcbd85e10084eAB7Bc
Standard: BEP-20 (Upgradeable Proxy via OpenZeppelin)

SACE Index provides a unified benchmark for Africa’s collective currency strength, enabling efficient trading, hedging, and cross-border commerce.

SACE IEO Listing Framework

SACE has chosen to conduct its first Initial Exchange Offering (IEO) on Bitmart Exchange. This IEO will begin with 1.5 million SACE tokens, priced at $23 USD per token, based on the weighted basket of Africa's top 21 performing national currencies (combined gross value: $2.3 trillion USD).

For full details, see the SACE IEO Listing Framework.

Executive Summary

The Synthetic African Currency Exchange (SACE) is a BEP-20 token representing a weighted basket of Africa’s top 21 performing national currencies, collectively valued at more than $2.3 trillion USD. Benchmarked directly to the U.S. Dollar Index (DXY), SACE is inspired by global benchmarks such as the Dow Jones Industrial Average (DJIA), S&P 500, NASDAQ 100, and the DXY. It provides a unified, tradable instrument enabling investors, institutions, and policymakers to track and trade Africa’s collective currency strength through a single token: the SACE Index.

SACE consolidates Africa’s top 21 currencies into a single tradable instrument, creating a transparent benchmark for the continent’s currency performance. It enhances market efficiency, improves liquidity, enables effective hedging against currency volatility, and facilitates cross-border trade — positioning SACE as a foundational economic tool for Africa’s growing financial ecosystem.

Additionally, the SACE Index is benchmarked directly to the U.S. Dollar Index (DXY), ensuring that its valuation aligns with globally recognized macroeconomic standards. This integration provides greater stability, reduces single-currency dependency, and enhances international investor confidence by anchoring SACE to a diversified basket of major world currencies rather than a single USD peg.

SACE is a development brand of Abba Platforms Inc., created by Simon Kapenda, the creator of CillarCoin (CILLAR) — a utility token built to serve as the fare payment tool for AfrailX smart mobility, US Health Index (USHX), tracking the macro-economic performance of the US health sector, and Namibia Digital Dollar (NADD), Namibia's first blockchain-native stablecoin pegged 1:1 to the Namibian Dollar. Together, SACE, CILLAR, USHX, and NADD form the foundation of Abba Platforms’ digital asset ecosystem — advancing Africa’s financial inclusion, liquidity, and cross-border economic integration through blockchain innovation.

📄 Whitepaper Summary

The Synthetic African Currency Exchange (SACE) Whitepaper provides a complete overview of SACE as a BEP-20 blockchain token representing a weighted basket of Africa’s top 21 performing currencies, with a combined valuation exceeding $2.3 trillion USD.

Key highlights include:

Key Structural Feature: The SACE Index is benchmarked directly to the U.S. Dollar Index (DXY).
Valuation Model: Starting indicative value of ~$23 per SACE token based on the African currency basket.
Tokenomics: Max supply of 100 billion SACE tokens, treasury-controlled distribution, and governance mechanisms.
Technical Overview: Upgradeable UUPS proxy, Chainlink oracle integration, deviation protection, and transparent events.
Economic Impact: Facilitates cross-border trade, improves liquidity, provides hedging against currency volatility, and serves as a benchmark for Africa’s macroeconomic performance.
Governance: Multi-sig treasury, timelocks, and basket rebalancing mechanisms for secure, community-driven upgrades.
Strategic Insight: Tracks Africa’s top currency performance similarly to DJIA, S&P 500, and NASDAQ 100 for the U.S. market.

For the full Whitepaper, visit: SACE_Whitepaper.md

Purpose

SACE is designed to:

Create a synthetic index representing Africa’s currency performance.
Enable cross-border trade and exposure to African forex.
Serve as a transparent benchmark for African currency movements.
Provide traders and investors with a single tradable instrument.

Currency Basket

As of October 2025, the SACE Currency Basket Index includes the following Africa's top performing currencies:

| # | Currency | |----|-----------------------------------------------| | 1 | Tunisian Dinar (TND) | | 2 | Libyan Dinar (LYD) | | 3 | Moroccan Dirham (MAD) | | 4 | Ghanaian Cedi (GHS) | | 5 | Botswana Pula (BWP) | | 6 | Seychelles Rupee (SCR) | | 7 | Eritrean Nakfa (ERN) | | 8 | Namibian Dollar (NAD) | | 9 | Swazi Lilangeni (SZL) | | 10 | South African Rand (ZAR) | | 11 | Lesotho Loti (LSL) | | 12 | São Tomé and Príncipe Dobra (STN) | | 13 | Zambian Kwacha (ZMW) | | 14 | Mauritanian Ouguiya (MRU) | | 15 | Egyptian Pound (EGP) | | 16 | Algerian Dinar (DZD) | | 17 | Mauritian Rupee (MUR) | | 18 | West African CFA Franc (XOF) | | 19 | Central African CFA Franc (XAF) | | 20 | Kenyan Shilling (KES) | | 21 | Rwandan Franc (RWF) |

🧩 SACE Contract Overview

The Synthetic African Currency Exchange (SACE) is deployed on BNB Smart Chain (Mainnet) and operates through a verifiable, upgradeable contract architecture designed for transparency, real-time data accuracy, and investor trust.

Core Contracts:

SACE Proxy (Main Contract): 0x9F6d0EDc0eB6BBa34F06CeC4fbA7f91bb4600F73
SACE Implementation: 0xf84D3BA755a5c8FBffb2776948F61676552f39bB
SACE Oracle Registry: 0x96DCdC8C5A5C2B2Fdb5CB1C882234311b2dc797d
SACE Price Updater: 0x8C4A89223af9Ce160927D6Fcbd85e10084eAB7Bc

SACE uses a hybrid oracle system combining Chainlink’s on-chain data feeds (for major currencies like ZAR) and SACE’s Hybrid Feeds (for other African currencies). The Hybrid Feeds aggregate real-time market data from sources such as OANDA, XE, and Investing.com, which are validated and published on-chain every hour. This ensures accurate, transparent, and verifiable price updates — all visible on BscScan.

The upgradeable UUPS Proxy model allows the SACE protocol to evolve without changing its main contract address, ensuring both stability for users and flexibility for future innovation. Every feed update, logic change, and timestamp is recorded immutably on-chain, allowing investors and traders to independently verify that SACE operates with full transparency.

📄 Full technical explanation and interaction diagram:
See SACE_CONTRACTS_SUMMARY.md

SACE Price Feed System

The SACE Price Feed System provides reliable and upgradeable

SACE

Install / Use

README