FAQ - Beta Web App

Is there a mobile app?

The current Amasa app is a desktop web app only. It is best used on screens sized 13" or larger for optimal interface and user experience. The web app is responsive down to tablet size but not mobile. Mobile responsive web app is likely to come before a mobile app version in future.

Who holds Amasa user account funds?

Any user holds funds in the external wallet address they control, connected to their Amasa account. Amasa does not hold user funds.

What are the fees for using Amasa?

Platform fees are only collected on deposits and withdrawals, not when a user creates or modifies their Auto Allocations.

Current fees for beta are 2% on manual deposits and 5% on auto-deposits.

Fee revenue is to help keep the platform operating and growing. The fee amounts may change at any time, and fee structures and amounts will be governable by community proposal and vote at a later stage.

Note that network gas fees are applicable to transactions.

When conducting transactions using Arbitrum One and other blockchain networks, it's important to be aware that gas fees may be incurred. Gas fees are essentially network transaction charges that are applied to each transaction executed on the chosen blockchain network. It's worth noting that gas fees are non-refundable.

What tokens can I deposit into my Amasa account?

Manual Deposits

For beta only WETH on Arbitrum One can be manually deposited.

Over time additional tokens will be integrated for users to be able to manually deposit into Auto Allocations, including the AMAS token to expand its functions as the ecosystem token for the platform.

Auto-deposits

For beta there will be a limited number of tokens available to auto-deposit.

Selection of these assets for beta is based on eligibility factors:

• Sufficient liquidity of the token on a decentralized exchange on Arbitrum One

• The token can be earned by participation on a legitimate web3 platform with earned tokens sent into a users external non-custodial wallet.

Tokens available for auto-deposit may be added and removed at any time in line with eligibility.

What happens to my funds if I change my Auto Allocation?

Changing your Auto Allocation has no impact on funds already in your account. Until you rebalance funds out of a portfolio asset ( eg wstETH ) those funds will show in your dashboard. After a change to your Auto Allocation settings, future deposits will be allocated according to the new settings.

If you change your Auto Allocation to remove an asset from your portfolio, you may want to rebalance out of that asset from your dashboard. Rebalancing is done by swapping the asset you no longer want into WETH, then depositing WETH into your new Auto Allocation.

What are web3 incomes?

Web3 apps that pay users for things they're already doing – like gaming, web browsing, exercising, social networking and more - are providers of web3 incomes. If you're earning on web3 apps, you're getting web3 incomes. The tokens or NFT's you earn, if they have a value outside the app you earn them on or can be swapped for tokens with external value, have real world value as income. Check out this link to learn more.

Am I restricted from using Amasa?

The use of the Amasa platform, including the purchase or acquisition of tokens through the app, is prohibited for individuals or entities located in the United States and any jurisdictions in which it may be unlawful, prohibited, or unauthorized. By accessing or using the app or platform, you represent and warrant that you are not a Restricted Person as defined here and in this Disclaimer.

"Restricted Person" refers to:

a. Individuals or entities located in the United States, including its territories and possessions;

b. Individuals or entities subject to United States sanctions, embargoes, or other restrictive measures imposed by the Office of Foreign Assets Control (OFAC) or any other relevant regulatory authority;

c. Individuals or entities located in jurisdictions where the use of the Service is prohibited, unlawful, or unauthorized by applicable laws or regulations.

You are solely responsible for ensuring compliance with all applicable laws, regulations, and restrictions in your jurisdiction. If you are a Restricted Person, you must refrain from accessing or using the Service, including the purchase or acquisition of tokens through the app.

The beta Amasa web app uses 3rd party geo-blocking to detect if an IP address is from a restricted jurisdiction and block it from accessing the app.

When will Amasa offer rewards in the app?

Rewards of AMAS are planned to be implemented into the app in future. Users will be able to earn AMAS tokens through activity in the app. Earning AMAS may give users additional benefits through holding tokens, including governance and access to special offers.