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BD Insider 180: Examining the controversies with “Patricia Token”

Its internal 409A valuation was cut by 70%, according to Forbes. We also explored the controversies with the newly launched “Patricia Token”.
8 minute read
BD Insider 180: Examining the controversies with “Patricia Token”
Photo: Patricia founder and CEO Fejiro Hanu Agbodje

In today’s letter, we cover:

  • the conversion of customers’ assets into “Patricia Token”
  • Nigeria’s plan to probe directors at Eyowo
  • the latest on Chipper Cash valuation cut

And other noteworthy information like:

  • the latest African tech startup deals
  • opportunities, interesting reads, and more

The big three

#1. Patricia replaces customers’ assets with a newly launched native token

The news: Nigerian crypto exchange, Patricia has launched a native token, “Patricia Token” (PTK). As part of the launch, the exchange says the token will replace its customers’ assets which were previously held in Naira or Bitcoin.

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Last updated: December 19, 2024

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