en-Cash Well Described
en-Cash is an off-chain, stable digital asset pegged to the same value as RAND (ZAR), which is the legal currency of South Africa. en-Cash is an closed currency! Meaning that en-Cash is used only within the AUC ecosystem, not for general purpose. Furthermore, there is a payment deposit for its own value. en-Cash is designed to be exchange able with AUC on the AUC financial platform. In the future, as the network expands and becomes more widely used, it will transition to the AUC public blockchain. At that time, the existing AUC token based on Ethereum will be converted to AUC coin.
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Block explorer: https://etherscan.io/token/0x87a92428bbc876d463c21c8e51b903f127d9a9f4