Edtech start-up G-funze opens private sale of Atun token

Edtech start-up G-funze opens private sale of Atun token

FILE - Illustration photo of cryptocurrencies. (AFP)

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Nairobi-based educational technology start-up G-funze has announced the private sale of its cryptocurrency token, Atun, ahead of the rollout of its hybrid learning platform in January 2026.

The company said the private sale, which runs through the first week of October, offers tokens at $0.005 (Ksh.0.65) each and is limited to pre-approved investors.

A presale and Initial Coin Offering (ICO) is planned for January at $0.01 (Ksh.12.92) per token, with public trading expected later in 2026.

Atun will initially list on the finance protocol PancakeSwap, with further exchange listings under consideration.

According to the company, the token will be used to facilitate payments, rewards, and engagement within its upcoming platform, which combines artificial intelligence-driven learning tools with live tutoring.

G-funze currently reports 10,000 active students, who are expected to be among the first users of the system.

"The integration of blockchain technology with our hybrid learning environment represents a fundamental shift in how educational services can be delivered and monetized," said John Muchiri, Director at G-funze. "Atun will facilitate seamless transactions within our ecosystem while providing learners with new incentive mechanisms."

To address regulatory concerns, the company stated it has engaged legal experts in cryptocurrency compliance and introduced Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures for participants in the private sale.

Project leaders said the sale and platform rollout have been structured in phases to align technical development with market entry.

Beta testing is already underway in select institutions, with a full launch scheduled for early 2026, G-funze said.

The firm has also committed to publishing quarterly transparency reports as part of its investor relations strategy.

Kenya has been consolidating its position as one of Africa’s most active cryptocurrency markets.

A 2023 report by Chainalysis ranked the country among the top global adopters of digital assets, driven by mobile money penetration and a youthful population keen on alternative finance and digital tools.

And while Kenya’s Capital Markets Authority (CMA) has in recent years cautioned investors on the risks of digital tokens, it has also signalled openness to regulatory sandboxes for fintech and blockchain innovation.

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