AmanFi FAQ
Frequently Asked Questions - AmanFi
General Program
What is AmanFi?
AmanFi is a decentralized finance (DeFi) platform and crypto debit card program designed to make digital finance safe, simple, fair and convenient for everyone.
Is AmanFi a company, a platform, or a community?
AmanFi is a decentralized platform built and offered by GC Global Finance Ltd. a fintech solutions provider.
How does AmanFi differ from traditional banks?
Unlike banks, AmanFi does not rely on middlemen. It uses blockchain technology to give you direct control over your money.
Is AmanFi only for people who already know about crypto?
No. AmanFi is built to be beginner-friendly, so even if you're new to crypto, you can use it easily.
What problem is AmanFi trying to solve?
AmanFi wants to remove barriers in access to fair and equitable finance — there are 1.4 Billion people in the world who lack access to financial services, we aim to lower that number significantly. High fees, lack of access, and risks of scams— are a thing of the past with AmanFi.
Who can use AmanFi—individuals, businesses, or both?
Both. Anyone who wants secure and fair access to financial tools can benefit.
Is AmanFi available worldwide?
Yes, it's designed to be global, hence AmanFi is launched as a Progressive Web App (PWA) instead of an iOS store app or Google Play Store App avoiding the app store's respective restrictions and allowing users to download and use the platform from anywhere in the world.
Do I need special knowledge to start using AmanFi?
No. The platform is designed to be simple, with clear instructions and user-friendly tools.
How does AmanFi make finance “Simple and Fair”?
By providing users the opportunity to become Micro Decentralised Banks themselves and earn, we expand outside the traditionally monopolising structure of legacy financial institutions.
Market Acquisition Program
What is the Market Acquisition Program is it an Multi Level Marketing Scheme?
What is the Market Acquisition Program is it an Multi Level Marketing Scheme?
What is a Decentralized Banking as a Service?
AmanFi program, is AmanFi's vision for the future of banking. That the power of fund control is placed rightfully in the hands of the people, rather that ultimate control being with the institution.
Who can become an AmanFi?
Anyone with a strong belief that digital finance is the future of finance and a desire to acquire another stream of income can stake the required minimum community contribution (at least $1,000 worth of MaalCoins) can start distributing cards themselves to their community as an AmanFi.
How do AmanFi earn?
AmanFi earn rewards by growing their community of users who would like to reap the benefits of AmanFi. Specifically AmanFi rewards are linked to the activity of the AmanFi. Recruitments, group staking, card issuances, and community spending activity, all contribute to the earnings of AmanFi. Additional rewards are unlocked by achieving certain criteria and milestones. You can learn more about the specific rewards in this Infographic.
How do I become an AmanFi?
How do I become an AmanFi?
Are there any ways I can earn rewards besides card issuing and group spending activities?
Yes. There are 3 levels of commitment that you can achieve, each unlocks additional milestones and rewards. These levels are defined as: Standard AmanFi, Professional AmanFi, and Elite AmanFi.
What are the requirements to become a Professional AmanFi?
To achieve Professional AmanFi, a user must firstly be an active AmanFi and they should successfully refer a minimum of 3 standard AmanFi's within their community.
What are the qualifying requirements to become an Elite AmanFi?
To achieve Professional AmanFi a user must be either a professional or standard AmanFi and successfully recruit 12 more members into their community. 3 of which should attain professional AmanFi status will automatically qualify you as an Elite AmanFi and unlock the highest milestone and bonus rewards.
Security and Trust
How does AmanFi ensure my digital assets are safe?
AmanFi operates with a self-custody structure (meaning you are in control of your assets at all times, we do not manage your funds for you) And we leverage advanced security systems which include Multi-factor Authentication, Multi-Party Computation, Cryptographic Encryption, and transparent operations to protect your assets.
Is AmanFi Licensed to do its business?
Is AmanFi Licensed to do its business?
Can AmanFi prevent scams or fraud in DeFi?
No, we cannot guarantee you against fraud in the DeFi Space, as they are prevalent in the space. However we can guarantee that none of our programs,r products or services offered/communicated through our official channels and/or official platforms, are scams. Apart from that we are always monitoring new vulnerabilities in the market, suspicious activity, and contiuously educating users about safe practices.
Does AmanFi store my personal data?
No, it minimizes data collection and focuses on privacy.
Is there a risk of and what happens if AmanFi gets hacked?
Is there a risk of and what happens if AmanFi gets hacked?
Accessibility & Usability
Do I need to own cryptocurrency to use AmanFi?
Not necessarily. AmanFi can help you start even if you're new to crypto.
Can beginners easily navigate AmanFi's platform?
Yes, it's designed with simple interfaces and guides for first-time users.
Can I go to my app store and download the mobile app for AmanFi?
Can I go to my app store and download the mobile app for AmanFi?
How does AmanFi help people in countries with limited banking access?
By offering digital financial tools that doesn’t discriminate against location, culture or colour. We believe that everyone should have access to financial services and not be discriminated against, as an individual. If we do have to be critical, it would be transaction based and not individual based. I.e flagging a transaction as suspicious rather than flagging a person as suspicious.
Can AmanFi be used without internet access?
No, since it's blockchain-based, you'll need internet access.
Financial Growth & Opportunity
How can AmanFi help me grow my money?
AmanFi offers safe and transparent options for earning returns through staking, Micro Decentralise Bank program and other earning opportunities offered through the platform.
Can AmanFi help me send money abroad easily?
Yes, because sending digital assets are borderless, you can execute faster and cheaper cross-border transfers. If the receiver requires or can only utilise fiat currencies, then AmanFi can provide them Off-Ramping services they need as well.
Can AmanFi replace my traditional bank account?
Potentially, depending on your needs—it offers many similar services digitally.
Does AmanFi offer savings accounts or interest-bearing options?
Does AmanFi offer savings accounts or interest-bearing options?
What makes AmanFi different from other DeFi platforms?
AmanFi doesn’t not keep all it’s revenue by in the spirit of true decentralisation, shares its revenue with the very community which helped it obtain that revenue.
General Program
Market Acquisition Program
Security and Trust
Accessibility & Usability
Financial Growth & Opportunity