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Martha Nyaboke

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  1. Asked: November 8, 2018In: Business and Investments

    Is the new Cryptocurrency coin called the Onyx Coin a scam or is it a genuine Monetary and Wealth Transfer system for Africa?

    Martha Nyaboke

    Martha Nyaboke

    • Kenya
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    Martha Nyaboke Veteran
    Added an answer on August 9, 2019 at 5:04 pm

    According to the International Organization of Securities Commissions, which Kenya is a member, some of the risks associated with ICOs are as follows: The heightened potential for fraud: while some ICOs are backed by genuine teams and innovative ideas for products and services, there is a risk thatRead more

    According to the International Organization of Securities Commissions, which Kenya is a member, some of the risks associated with ICOs are as follows:

    The heightened potential for fraud: while some ICOs are backed by genuine teams and innovative ideas for products and services, there is a risk that some are launched by fraudsters. Since ICOs are unregulated, investors risk being the victims of such frauds.

    Cross-border distribution risks: If the investor is operating the ICO outside the investor’s jurisdiction, tracking the money and recovering it in the event the ICO collapses can be difficult.

    Information asymmetry: the complex nature of ICOs and the uncertainty surrounding the rights and interests of investors results in most ICO participants not understanding the risks, costs, the expected returns, and the expected drivers of risks and returns emanating from their investments. As a result, they cannot make informed decisions regarding such investments and may be vulnerable to fraud.

    Liquidity risks: Generally, cryptocurrencies and ICO tokens are traded on virtual exchanges which might give rise to opaque and volatile pricing and insufficient liquidity to support dependable trading and market-making activities. In some countries, these exchanges are unregulated. Therefore, investors are exposed to volatile prices and the possibility of being unable to exit their holdings.

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  2. Asked: April 1, 2019In: Culture and Society

    What is the biggest problem facing Africa?

    Martha Nyaboke

    Martha Nyaboke

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    Martha Nyaboke Veteran
    Added an answer on June 18, 2019 at 6:05 am

    African countries have undergone two forms of governance liberation, yet remain stuck in the middle of a third one. First, it was the struggle for independence from the colonial rule then liberation from dictatorships that merged from independence. Now, many African countries are facing a struggle oRead more

    African countries have undergone two forms of governance liberation, yet remain stuck in the middle of a third one. First, it was the struggle for independence from the colonial rule then liberation from dictatorships that merged from independence. Now, many African countries are facing a struggle of getting proper democratic governance.

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  3. Asked: June 11, 2019In: Politics and Governance

    Brian Bera, the JKUAT student who wanted to attack Uhuru at State House. Is he a madman, hero, or villain?

    Martha Nyaboke

    Martha Nyaboke

    • Kenya
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    Martha Nyaboke Veteran
    Added an answer on June 12, 2019 at 2:22 am

    When the madness of an entire nation disturbs a solitary mind, it is not enough to say the man is mad. - Francis Imbuga

    When the madness of an entire nation disturbs a solitary mind, it is not enough to say the man is mad. – Francis Imbuga

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