ASIA COMMUNITY X AFRICUNIA BANK AMA RECAP
Date: 27th June 2022
Time: 1 PM UTC
Host: Asia community
Guest: Madeleine Winkler/AFRICUNIA BANK
Asia community: First of all, please introduce yourself to us. What is your role in AFRICUNIA?
Madeleine Winkler/AFRICUNIA BANK: My name is Madeleine Winkler, from Switzerland and I’m the Executive Secretary of AFRICUNIA BANK.
Asia community: Could you please give a brief intro to the key features of AFRICUNIA? What are the advantages offered?
Madeleine Winkler/AFRICUNIA BANK: AFRICUNIA BANK is a global digital bank offering decentralised blockchain technology banking, investment banking, cryptocurrencies, SME loans, prepaid visa & mastercard, credit & debit cards, virtual cards, assets & project management services, eShop, utility bills payment, sms, mobile topup and databundle sales.
COMPANY INCORPORATIONS AND CERTIFICATIONS
AFRICUNIA is registered in England under the UK Government’s Standard Industrial Classification (SIC) for Banks and Financial Services. The company is equally registered in Canada as AFRICUNIA Incorporated and is regulated by Canadian FINTRAC.
AFRICUNIA is legally registered in Zambia and Tanzania.
And in Nigeria we are incorporated as AFRICUNIA Nigeria Limited with ‘’AFRICUNIA BANK’’
ORIGIN OF NAME
The “CUNIA” in “AFRICUNIA’ comes from the Latin word “PERCUNIA” and that means “money” or “cash.” Translated, AFRICUNIA means African Money.
THE CORE TEAM
The core Management Team is highly capable in terms of qualifications, experience and skill sets.
THE GENERAL TEAM
Our team is made up of strong and highly experienced individuals both in technical terms and in building successful startups. Each and every member of our team has a unique trait that, when mixed together with those of other members, produces a flawless synergy. This guarantees a high probability of success. We have built successful startups in the past and this time around our drive and ambitions are significantly higher.
Our vision is making money transfer simple, secure and easy, cheap and accessible to the less privileged ones and for all through the Blockchain Technology and DeFi.
Delivering our expertise to individuals, businesses and families as far as finance is concerned and giving amazing value for money as well as offering affordable, transparent, safe and convenient accessible financial channels together.
The long-term goal is to cater to the growing needs of domestic and international money transfer and bank account management by both the elites, the literates and illiterates and more especially for the unbanked.
Asia community: Now Share with us about your native token, What are the some of utilities of the token in AFRICUNIA Ecosystem?
Madeleine Winkler/AFRICUNIA BANK: Our native token is called AFCASH, created on EXCOINCIAL Chain, Ethereum Blockchain, Binance Smart, Tron Blockchain, Wave Blockchain and will eventually be created AFRICUNIA BLOCKCHAIN as its mainnet. The maximum supply of the token is 50 billion whereas 1 AFCASH is currently priced at $0.25 and is predicted to skyrocket to $2.00 immediately after the IEO / IDO. We have developed several cases around the token such as use of AFCASH as transaction fee in AFRICUNIA BANK; use of AFCASH in VENDABUY.COM Ecommerce Marketplace; use of AFCASH in Pangram.city Video Streaming Platform; use of AFCASH in Jointium.com social media networks and many more.
Asia community: Could you share a bit about security and also what benefits you to incentivize users choose AFRICUNIA?
Madeleine Winkler/AFRICUNIA BANK: We have implemented topnotch military grade impenetrable security around our infrastructure and thus people can use our platform without fear. As for benefits users will benefit from the rising price of AFCASH and pledged 20% annual revenue of the company that will be shared to AFCASH holders.
Asia community: What are the future targets for AFRICUNIA? Can you tell us about your upcoming Roadmap?
Madeleine Winkler/AFRICUNIA BANK: We are working on acquisition of our own commercial bank license and we are launching series of DeFi (stake, lending, launchpad, dex, pool, farm, liquidity pool) soon. See our Whitepaper for more information on roadmap
Asia community: Q1. Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?
Madeleine Winkler/AFRICUNIA BANK: We have sealed several Partnerships in the past 5 years for example: Sparco Bank, Wema Bank, New Dawn Humanitarian Foundation, DAO Foundation, PEMA Innotech Switzerland, EXCOINCIAL, twilio, Mastercard, Zero#, Founder Institute, Bitcasino.io, Sportsbet.io, Muganbank, Jointium, SOSUIBEN Foundation, Multislog, Isendom, Evolve, Visa, Glade and many more…
Our upcoming partnerships we would like to have a partnership with Interswitch Nigeria, and some Central Banks all over Africa.
Asia community: Q2. Do you have any plan for burrning tokens in the future to reduce the supply of the token and increase its investment attractiveness?
Madeleine Winkler/AFRICUNIA BANK: Yes, that’s also stated in our Whitepaper…
Asia community: Q3. Revenue is an important aspect for all projects to survive and sustain. So how does your project plan to generate profit and revenue?
Madeleine Winkler/AFRICUNIA BANK: Through the transaction fees, Debit card, and credit card issuance but also through buying airtime or data on AFRICUNIA BANK platforms and other services we are providing to our customers. As well as engaging in trade and investment.
Asia community: Q4. Most users only care about immediate benefits rather than the real value of the project in the long-term. How can Your Project convince users invest to your platform in the long-term?
Madeleine Winkler/AFRICUNIA BANK: We are very much aware of this desire of investors to earn short return on their investment and because of that we made conscious decision to devalue/undervalue the real price of AFCASH from over $2.00USD to $0.25 USD in order to attract new buyers and enable them sell higher price immediately after IEO.
Asia community: Q5. Is AFRICUNIA only for elite investors, how about others with small funds, is it open to everyone?
Madeleine Winkler/AFRICUNIA BANK: Absolutely not. Our project is for all and sundry and borderless. In fact, if anything our project is aimed towards benefiting the poor, the less privileged and the unbanked even more. In order to accommodate everyone we have equally lowered our minimum buy to $10.00 worth of AFCASH unlike many other IEO projects.
Any investor who takes time to study our Whitepaper and evaluate everything we have built so far will no doubt be convinced to get involved in AFRICUNIA BANK.
1. Personal Account
2. Business Account
3. Merchant Account
Personal account is for individual account holders whereas business account is for registered corporate companies. Merchant accounts is for online and store owners who want to accept payment through visa, master card or cryptocurrency.
Yes there is transaction limit for personal accounts.
While business accounts are unlimited.
And there are certain services that are available for business accounts which are restricted for personal accounts.
Question 1: Where is your team originally form and are you a global project or not? Do you have international community apart from english?
Madeleine Winkler/AFRICUNIA BANK: 1. Question: Myself I am from Switzerland, but we have an international Team and our project is global. We are registered in Canada, UK, Nigeria, Tanzania, Zambia etc. and we have partnerships around the world.
Question 2: 2. I couldnt find info about your token where can i find your whitepaper so i can get the information ?
Madeleine Winkler/AFRICUNIA BANK: You can find more information about our token by accessing this link:
Question 3: In your web page to Send and Request money there are only 4 options of currencies to exchange, EUR, USD, GBP and US dollar, do you plan to integrate more types of currencies from other countries to avoid double conversion to our local currency?
Madeleine Winkler/AFRICUNIA BANK:
Absolutely yes @KevSalom, in couple of days from now we will have over 180 currencies on our banking platform available to cover all countries
Question 4: The crypto industry is a fast-paced industry, how flexible is your Project to change quickly and keep pace with technology trends? What is your long-term vision for the forecasting industry in which the your Project project operates?
Madeleine Winkler/AFRICUNIA BANK: This is a factual statement @dalamnyo123 and we can assure AFRICUNIA BANK is well prepared for the speed of the change as well as any shape of possible changes because we started building the foundation since 2017 and knowing fully the nature of the industry we decided to introduce diversity into our ecosystem so that we can be ready for whatever comes.
Question 5: Can you explain, which one is your top priority? Security, Product, Partnership, or Token price?
Madeleine Winkler/AFRICUNIA BANK: Thank you so much for answering my question.
@Gold_Finch_00 Security, Product, Partnership, and Token price are all important for us but the least important factor there is token price.
Question 6: Do you have a AUDIT certificates?
are you working to AUDIT your project, so that the security of the project becomes more secure and reliable,?
Madeleine Winkler/AFRICUNIA BANK:
@BernieceRlgby Yes the AFCASH Smart Contract Audit Report is out. The score card is out and we are glad to inform you that there’re no vulnerabilities, no bug, no backdoor… and so as an investor and or a user you are simply safe!!!
AFCASH Smart Contract Security Audit was conducted by a third party blockchain security company — ASSETFINX.
Feel free to read the report via this link:
Question 7: Considering that Africunia bank have a direct relationship with FIAT currencies, how are you in regulatory terms? will user need a KYC verification in order to use your services?
Madeleine Winkler/AFRICUNIA BANK: @JoanaZ We are regulated by the Central Bank of Canada and FINTRAC as Payment Service Provider (PSP) and the UK with Financial Services
Question 8: Where can we buy your project token, you share with us??? Where I can get the latest updates or more information about the project?
Madeleine Winkler/AFRICUNIA BANK: @EgorrGolubev Please join our group @africuniabank and wait for the token sale platform announcement within the week. Stay tuned
Question 9: Understand that it is important to provide a user-friendly UI/UX for easy navigation. Can AFRICUNIA BANK be considered an easy-to-use platform? Is AFRICUNIA Bank geared toward novice users?
Madeleine Winkler/AFRICUNIA BANK: @Lestmarisv13 You are right. We consider AFRICUNIA BANK as user-friendly and still working daily on making it even more super user friendly. Create your account now on www.africuniabank.com and in 48 hours time check back and you will see a new user dashboard. That’s how innovative and dynamic we are.
Question 10: Plz answer my question. Currently, most projects and platforms are in English. Do you have a local community to better understand your project?
Madeleine Winkler/AFRICUNIA BANK: We can recognise your concern and have started creating more local communities. If you are from India, Indonesia, Vietnam or Bangladesh you may join these groups below:
More will follow
Asia community: Before you leave any last word for community?
Madeleine Winkler/AFRICUNIA BANK: I will like to close the wonderful session by saying thank you very much to the organisers for this exciting opportunity to present our products before your awesome community. We do not take it lightly especially in view of the fact that we didn’t have to pay for it. Thank you!!! And to the community we say a very big thank you to you for coming here. You are amazing and we appreciate you. Sorry if we didn’t get to answer your questions. It was overwhelming. Please join us in our Telegram community, and Twitter, post your questions there and we will be happy to address them one after the other. At this juncture, let me conclude with this closing remark. The past 5 years have been an insightful journey for us all, as it has provided us with the necessary knowledge, interactions and resolution to help demystify the concept of Fintech. If there is one thing that has become clear from the discussions and questions of today, it is this: it is important for us to be on the same page if we are to embrace the opportunities and efficiently mitigate the risks that technological advances bring to the financial sector and indeed, the economy as a whole. We as AFRICUNIA BANK are now better equipped with much-needed information for the work to begin on drawing up our Fintech Strategy; one that clearly outlines what can and what needs to be done, by whom, and in what timeframe. The challenge that we now face — and it is not an unsurmountable one — is to educate and empower our local populations around the world, so that they embrace the move towards more digitalisation with less suspicion, and eventually see the benefits that AFRICUNIA BANK can bring to their daily lives. To this end I say have a very good evening
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Stay tuned with us the journey just started and it will be very exciting Thank you all for joining
Asia community: Thank you for sharing your valuable time with us..