AMA Recap: CRYPTO MINERS X MULA FINANCE

MULA Token is first African Based decentralized money transfer system that leverages the use of blockchain technology and the integration of existing financial systems to offer an African-wide, cross boarder money transfer and remittance solution. The MULA token Project aims to introduce top layer decentralization into this ecosystem of mobile money payment solution, this will act as the next step in the financial evolution in Africa and global integration.

We hosted an AMA session with Mula Finance on 27th December at 3:30 PM UTC.

Mr. Ramsy was the host from Crypto Miners and Mr. Ralph and Mr. JC was the guests. They shared delightful knowledge and unique features of Mula Finance.

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Segment 1️⃣: Introduction

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Ramsy:
Hello everyone 👋 and welcome to the Crypto Miners AMA session With Mula Finance

Thank you all for joining us today❣

To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr. Ralph and Mr. JC D

Ralph:
Hello Guys happy to be here .. with this community

JC D:
Hello Everyone;
it's a pleasure being here

Ramsy:
Wolcome here Guys 🤝
Thanks for bringing Us Mula Finance

I'm pretty sure that our AMA participants are very much excited to learn more about Mula Finance 😇

so let's get started if you guys are ready!!

Ralph:
We are fully Ready ....

JC D:
yes we are

Ramsy:
So here's our first question from this segment...

Q1) Can you give a brief explanation about 'Mula Finance' .What popped up in your mind to create such a platform in this Space?

Ralph:
Thanks Man for this question ...

MULA Finance is first African Based decentralized money transfer system that leverages the use of blockchain technology and the integration of existing financial systems to offer an African-wide, cross boarder money transfer and remittance solution. 
The MULA Finance Project aims to introduce top layer decentralization into this ecosystem of mobile money payment solution. This will act as the next step in the financial evolution in Africa and global integration.

We are determined to move cross border money transfer from a financial institution centralized platform to a customer-controlled transfer process decentralized platform.
Objective is to open up the African SMEs and allow them to trade amongst themselves across the continent, and trade with other all over the world.
With this we believe we can open up the continent for bigger growth by leveraging on the power of blockchain....

Our Objective is to use the benefit of Blockchian to solve a big and persisting problem on the continent ..... this is exactly what came to our mind from the start ...

JC D:
To add to this I would say

- Mula Finance intends to address some of the well-known Money Transfer issue we face in Africa:

- High Transaction fee
- High Processing Time
- Currency Convertibility limitations
- African SMEs Expansion difficulty
- Payment Accessibility to Remote Area

Ralph:
- MULA Finance is the money transfer system that brings decentralization to payment across the African continent.
- Mula Finance offers a top layer over the existing financial systems to provide an African-wide, cross border money transfer and remittance solution. This top layer is strictly decentralized. We are leveraging on the rich resources of the blockchain technology.
- Mula Finance leverages the use of the blockchain technology and the integration of existing financial systems to offer an African-wide, cross border money transfer and remittance solution.
- Mula Finance intends to address some of the well-known Money Transfer issue we face in Africa:

Ramsy:
Thanks Guys For this Great Start about Mula Finance 🤝

Now let's see our second question from this segment...

Q2) So what are your main features and advantages that discern you from other projects?

JC D:
The Mula Finance has something we call MULA Hub. This Hub focuses on our diverse services where the MULA token will be used.
MULA NFT and Mula gaming is amoung the value proposition we are offering.
We have a key focus making sure that the token is viable and valuable by ensuring that its has a real-live use case, and its utility is in such a way that it drives growth in various ecosystems.

The way the business works is in such a way that you always make money if u can keep the transactions flowing and the bigger the number of the transactions the money everyone makes
so, we are ready for the long run on the project

as part of our roadmap, the MULA Cassava Protocol allows for users to stake their tokens on our platform for very impressive APY... information about this protocol will be made available on our website .... https://mulatoken.finance/, we approach the release date of this protocol ...

Ramsy:
Q3) How has the experience and background of your team been effective in the success of your project so far?

Ralph:
Thanks for this question ....

We are about 10 member team till now and growing.

Our Founder and CEO Ralph Is a very experienced person in the payment industry across the continent working on various payment platform and institutions, started crypto in 2017, but decided in 2020 to explore the crypto benefit for the traditional payment industry.

We also have our Co-Founder and Solution developer Emmanuel who is a network security expat fully focused in blockchain security, our chief marketing officer Jean Claude Domilongo is a Fintech entrepreneur and financial management consultant, with 20 years’ work experience in the Telcom industry.

Mula Finance has one of the most diversified team with many years (+20 years) of experience in in the multinational in Africa and beyond in:
- Payment
- Finance consulting
- Technologies design
- Project management
- Blockchain development
- Regulatory and compliance...

.. We have footprint into payment, gaming and finance consultancy in Africa and Latin America.

See detail in the team :

https://mulafinance.medium.com/meet-the-team-building-the-gateway-to-africas-next-generation-borderless-transaction-621e84dbed85

Ramsy:
4) Now Share us about your Native token, What are the some of utlities of $MULA Token in Your Ecosystem? And if possible share to us the Tokenomics

Ralph:
Native Token for Mula Finance is $MULA
Total Supply is 200,000,000 MULA
Issuer is Binance Smart Chain.

The number one utility for MULA token is the payment and remittance functionality to facilitate the intra-African payment and expand the reach of blockchain to the local communities all around Africa.

Also, we have the MULA Hub which provides the following use cases:

1. MULA Launchpad.
2. MULA NFT Marketplace.
3. MULA Liquidity Locking services.
4. MULA Gaming.
5. Cassava Protocol

All of the above component of MULA hub will use the native token $MULA as utility.

for the Tokenomics..

Please see the detailed tokenomics here ..

Ramsy:
Impressive 👌

Let's hear our last question from this segment...

Q5) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from Mula Finance? If possible could you please share road map with us.

Ralph:
We are currently into the second year of this project, and we believe we have the development at the right point for the market and we are ready to take the next major step and launch the project to the community ....

- We have done a lot of work, completed the smart contract development, and we are currently preparing for the contract audit by a major Smart contract audit firm.

- Currently we are busy with Mula wallet development, as this is a one of the most important components of our ecosystem.

- Also engaging with various partners, like Mobile Money API providers, and Card issuers API providers as part of wallet integration and development.

- MULA NFT and Mula gaming is currently under concept analysis.

Ramsy:
Thanks for this well detailed introduction about Mula Finance:)

That's the wrap up of our the first part of the AMA session ✅

Let’s now proceed to our Twitter Questions section...

i hope you guys are ready for that!!

Ralph:
we are born Ready 😂😂😂

JC D:
Yes we are

lets Go

Ramsy:
🚀🚀

Segment 2️⃣: Twitter Questions

1) Charities & Donations is a topic that could be mentioned and applied in MULA Finance in the future? A lot of projects are doing it, and it's actually a good way to connect with the community in my opinion. what do you think?

Ralph:
Absolutely ..this is very important component of our project as well .. we understand the community we are coming and the beed for empowerment, especially the underpreviladged.. a whopping 14% of out Tokenomics is dedicated to Airdrop and rewards...

this will allow us to donate to charities , empower the less previlagded while also opening up the continent for trade all the same time .. this resonates with us and we are built ready for it as well ...

Ramsy:
2) 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?

JC D:
The Key advantage with Mula finance is the fact that we have use cases to address some of of the key issues the African market is facing when it comes to money transfer and trans-border exchanges.
As mentioned above we have footprint in the market; we own payment business to help us bridge the gap between the DeFi and the existing financial space.
We are here for a long run.

Ramsy:
3) MULA FINANCE plans to launch a DEX equipped with a uniquely design Swap (independent)? If so, with the Swap service, what is your competitive advantage over other platforms like UniSwap, Sushiswap?

Ralph:
Our Key focus is in wallet swap that allows anyone on the continent ready to use our wallet swap currencies from 44 Afriican countries taking part in the CFTA to swap local currencies to MULA and back to local currencies . our number one objective today is not to compete with UNI or other guys but focus on enable realworld financial services using all the benefit of blockchain...

this we believe will help us transfor the lives of people on the continent and bring new access to finance to them ....

Ramsy:
4) Is there any special reason as to why the $MULA token is erc20? Considering the usual congestion on the eth network and high transaction fees wouldn’t it have been prudent to build it on Bsc or polygon.

Ralph:
Our objective is to make the $MULA token cross-chain over time, but at start we are issuing the token as BEP20 on BSC and not ERC20 as stated in the question .

Ramsy:
5) According to the project's roadmap- what are your most important next priorities? Does your team have enough Funds and Community to achieve those milestones?

Here's our last question from Twitter.

Ralph:
Thanks for this question ... the project cannot have enough community .. we are still in the process of community builidng ...

• We have done a lot of work, completed the smart contract development, and we are currently preparing for the contract audit by a major Smart contract audit firm.
• Currently we are busy with Mula wallet development.
• Also engaging with various partners, like Mobile Money API providers, and Card issuers API providers as part of wallet integration and development.
• We hope to get our tokens out to the investing community come Jan.2022, please follow all our social media handle for more detailed update . https://t.me/mulafinance https://twitter.com/mulafinance
• MULA NFT and Mula gaming is currently under concept analysis.

above are the activities .... our next major step is to complete the audit and the IDO done, so the community can have access to the token .

Ramsy:
Thanks guys for Your Valuable Answers❣
And that's the end of our twitter question segment

Moving on to our last segment - Live Q&A

Ralph:
good ... lets do it

Ramsy:
Shall we go?

JC D:
Yes let’s do it …

Ramsy:
Here we go,

Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guests choose some best to answer)

1)Gravity the studio offer an interesting services with NFTs, but I realized that you chose opensea to trade your NFTs, so have you considered create your own native NFT marketplace?

Ralph:
Our Project will have its own NFT Marketplace, this will allow creatives within the continent and beyond to do their thing, by creating and selling thier NFT artworks, Games and metaverse contents on our platform, also we plan to have an interface with Opensea in other to ensure cross-ferterlization and growth access for us as we move on our journey from infancy .

2) What is the meaning of the name of the project and why did you name it that way??

JC D:
thanks for this ...
Mula is a African which comes from a Mountain in southen africa ... so Mula Finance is aiming for the top ; you are invited to join us

3) I just studied your project and I see that you have a very good project, but I wanted to know: what sets you apart from your competitors? What makes you special compared to your competitors? What particularity do you bring?

Ralph:
Thanks for taking time to study abd have a look at our project, i really do hope u liked what u saw.. what makes us different ? we see ourselve as trying to open up blockchain for real adoption on the continent and in the world, this we are doing by integrating blockchain solution to real live money transfer system with well over 10,000 Mobile Money agents on the continent ... if we are able to make this happen, we would have brought blockchain to the most rural of rural communities around the world ..

4) IS This Your project only for elite investors, how about others with small funds, is it open to everyone?

Ralph:
This project is open to everyone ... the most rural of rural or the most elite of elites are welcome to use our solution .. we are providing access to the people who have always enever had access .. and with this deepining blockchain globalization ...

5) AUDIT is important for both TRUST and SECURITY ? Have you done any AUDIT of your PROJECT ? If yes, please share your AUDIT CERTIFICATES WITH US .

Ralph:
Hello as we said in our presentaion, the next most impoartant phase of the project is to present the code for audit,. our Audit partner is well experinced with well over 10K contract under their belt, we are hoping to benefit from thier experince in other to ensure we are dont suffer from known hacks and errors and also ensure we get the most updated best practises in the blockchain space.

6) Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to $Your platform and keep them long term.

Ralph:
Absolutley this is key... as part of getting new users and investors, we are doing AMA, engaging professsional markerters and most importantly talking about our value proposition to the community ... why MULA, this is thre most important thing for us ...

7) On your website it says that MULA FINANCE is Africa’s first money transfer using blockchain. So my question is will Mula finance be used by the entire global community? is it only for african people?

Ralph:
This is open for use by the entire global community .... we want to open up Africa to the world, but we believe first we must open up Africa to itself and the people ... so its for the entire world .

8) Can you list 1-3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?

Ralph:
1. MULA Launchpad.
2. MULA NFT Marketplace.
3. MULA Liquidity Locking services.
4. MULA Gaming.
5. Cassava Protocol

*This segment ends here*

Ramsy:
Thankyou so much guys For your valuable answers and information about Drip Mula Finance,
It Was Pleasure Hosting An Ama With You Guys.

Is there anything else you would like to share or you want us to know ?

Ralph:
Thanks ...

JC D:
It was a pleasure being here today.
Mula Finance is for African by African.

The way the business works is in such a way that you always make money as long as u can keep the transactions flowing … and the bigger the number of the transactions the money everyone makes ... so we are ready for the long run on the project ..
You are invited to join us … The Freedom is now

Ralph:
very unfortunate we cant answer all the questions .. i answered so many great questions,and woulld love to answer many more ...Kindly reach out to us on the MULA finance Socials with all your question ....

it was a pleasure to be here.. and thanks for this great opportunity guys

Ramsy:
Time To Conclude Our AMA Section

On behalf of the Miners community, thanks again and we wish you and your team all the best 🤝

Community, if you would like to learn more about Mula Finance, here are some useful links for you:

Website: https://mulatoken.finance/

Twitter: https://www.twitter.com/MulaFinance

Telegram: https://t.me/mulafinance

Medium: Mula Finance

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