AMA Session With Henry Chukwuka Of Muna Africa

Our AMA – Ask Me Anything held on 7 August, 2021 with Henry, founder Muna answering questions about the features and future plans of the platform.

Introduction

Our team member, Anthony Annaelechukwu anchored the AMA session.

Anthony Annaelechukwu Nduka:

Greetings all, my name is Annaelechukwu,

I am a Munian and the mod for tonight’s AMA.

Here’s the plan for tonight’s AMA 

  1. Introduction
  2. Some info about Muna
  3. Open questions from the community about Muna App.

The group will be closed for a short time to get started. Do not panic, you have not been removed from the group.

The group will be opened a moment later for Community to ask questions

Let’s get started

@chukwuka021(Henry) Please, introduce yourself and share with us your background in the Blockchain and Crypto Ecosystem.

Henry:

Hello everyone πŸ˜ƒ

My name is Henry Chukwuka, I am the founder of Muna app and Quru Lab, also the Africa regional lead at Waves Blockchain.

Been around the crypto community for nearly 4 years now taking much of my time to build valuable tools and services with my team.

I WAS computer science student ??

Anything else you wish to know?

Anthony Annaelechukwu Nduka:

OH Great!

Could you share with us what Muna is about?

Henry:

Muna is a simple and safe crypto app. It offers everyone USDN savings options that pay interest daily.

Anthony Annaelechukwu Nduka:

Have more to share with us?

Henry:

Muna currently supports Bitcoin, Waves and USDN

Anthony Annaelechukwu Nduka:

Interesting.. 

Are you ready to take questions from the Muna Community?

Henry:

Yes I am ready.

Anthony Annaelechukwu Nduka:

Okay, Happy about that!

Dear Muna Community, please keep your questions short! And also, Kindly Note the rules below;

  1. Ask only sound questions.
  2. Do not repeat your questions
  3. Do not ask answered questions

Let’s get started!

The Question and Answer Session

Adeniyi Ododo:

Good day! I must confess, MUNA APP has been life Saving. 

Q. Is there any possibility of having MUNA as Token/Coin in the nearest future??

Henry:

Yes, there will be a Muna native coin but we can not share much details about it now.

πŸ•‰Adeleke Jr bhai | πŸ‡³πŸ‡¬πŸ”·:

Do you plan to look into lending/borrowing, and will there be a native token for muna wallet?

Henry:

Yes, lending and borrowing with supported Assets on Muna will be available in future, don’t really have specific details about this but it will come

Agbaka Austin:

What is the possibility of Muna app holding and staking assets from other blockchain other than the assets there now?

Henry:

Currently, Muna supports Bitcoin, Waves and USDN. More and more assets are coming, we already working on some to allow our customers gain access to different coins

Serika Rina:

Will there be Ethereum token in MUNA??

Henry:

Ethereum, yes it will be supported but for ERC20 assets, we have to consider the state of network fee to move these assets on the network as its a major criteria we consider when picking assets to add on Muna

Crown:

Is there any plan to add more coins in the near future?

Henry:

Yes, more coins will be added in the future. answered above too 😁

Adeniyi Ododo:

Personally, I got hacked in one of my wallets lately, and my funds were wiped. How secure is MUNA from these so-called Hackers?

Henry:

From a product perspective, Muna is safe and secure. This is why we added an extra layer of transaction PIN to ensure account owners alone are authorizing a transaction. We hope to add more in future like 2FA.

As users, you still have a role to play with security, never share your private data with anyone, NEVER do that!

Ubaidullah ibn isa:

Q- is Muna’s staking APY fixed or flexible?

Henry

APY (Annual Percentage Yield) is flexible and dynamic

Gordian Etim:

Can Muna be used to send cash transactions between countries?

Henry:

Yes, Muna can be used to send and receive BTC, Waves and USDN.

Chantal – The Whale:

How did you get started in the crypto space?

Henry:

Airdrop πŸ˜‚

Brian:

Hello…any plans to make muna ap2p platform

Henry:

Yes, we worked on P2P solution but seems its not the best time to send it out as we are so passionate about non-crypto users who do not have much understanding of how P2P works

In the near future, we will release it.

Brian:

What are some of the countries where muna can be easily accessible?

Henry:

All countries where crypto is not illegal

Gordian Etim:

Muna is made up of how many team developers?

Henry:

What are some of the countries where muna can be easily accessible?

Gala:

If I wish to send my money from muna to my local bank is there any possible way of doing that

Henry:

Yes, by using the buy/sell button on home tab

Brian:

On this…an observation tho…it takes long to reply when it comes to either buying or selling …any plans to improve?

Henry:

Yes, very soon, delays will drop and some good automations will come into place.

How can I become a muna ambassador?

Henry:

We will announce.

Gordian Etim:

Any plans to purchase online goods using Muna?

Henry:

People can already do that.

Inemesit:

Why did you choose the name “Muna?”

Henry:

Muna is the best πŸ₯³πŸ˜‡

ubaidullah ibn isa:

Is Muna’s staking APY fixed or flexible?

Henry:

APY (Annual Percentage Yield) is flexible and dynamic

Brian:

Expound more on what is WAVES? Because I am damn floating.

Henry:

Waves is a blockchain like Ethereum like Ethereum, you can create your own token and build dApps

Chantal – The Whale:

Do you plan on expanding your collaboration with other companies? And which are they?

Henry:

Yes, expansion will come.

We would be supporting several projects especially African and that would build a much more larger house for the Muna ecosystem

Gregory ⭐:

What is 3% charged on early withdrawal in savings?

Henry:

Yes, to help our users build a right saving attitude

Brian:

What measures have you put in place to have a larger community in terms of numbers  as in the reason why people should get muna.

Henry:

Our wide spread marketing is coming.

Crown:

Since you said more coins would be added in the future : would you rather add coins whose prices are still low, let’s say less than $5 or the ones whose prices are already on the high side or both?

Henry:

We have some process we follow to add coins, some of them are;

  1. Coin with community and African presence.
  2. Cheap network fee.
  3. Good developer community.

Gordian Etim:

Does muna have a physical location?

Henry:

Yes we do.

Delta, Nigeria πŸ˜‡

Abdulwahab:

What is the biggest challenge for Muna presently and how do you plan to deal with it?

Henry:

Biggest challenge now is the instability of policies in Nigeria but we are working with experienced advisors to solve these issues and results are picking up already.

Conclusion

Our Team member ended the AMA session with a vote of thanks to Henry and everyone who participated in the session.

Anthony Annaelechukwu Nduka:

@chukwuka021 (Henry)

Thank you for your time and willingness to share with us about Muna! 

Well done Everyone that Participated!

We have arrived at the end of the AMA.

What a great moment.

Thank you all

Join our Community to stay up to date with us and never miss moments like this.

https://t.me/munacommunity

Munian
Munian

Muna support team. Available to help. join our community via https://t.me/munacommunity for 24/7 support