Amon - Enabling Crypto Spending For Everyday Life

chamika (48)in #blockchain • 6 years ago (edited)

Introduction

In present, there are various types of cryptocurrency in the world and many people make money from it. Although cryptocurrency is famous it used by a certain group of people. So they have problems when they want to spend their cryptocurrency in their day to day life. To answer these major problems Amon have a solution

Problem

There are two major problems in cryptocurrency industry

• Practical problems and length procedure when converting cryptocurrency into normal currency

• Cryptocurrency cannot use direct purchase like normal currency do

Propose solutions

Amon propose some solutions to answer problems

• Amon pay system will allow the user to pay directly for anything

• Amon artificial intelligence (AI) system will help users to decide which coin to convert at that movement after do some market analysis

Amon overview

The mission of Amon is to help people to use cryptocurrency in day to day life using their improved technology. They are working on artificial intelligence to improving their technology in cryptocurrency. This system will convert cryptocurrency into normal money which is easier to use in everyday life.

Amon is useful and can use by any cryptocurrency user in any occasion. More importantly, users with more than one cryptocurrency in their hand mainly benefited from the third ecosystem.

Amon AI system

The major objective of this AI system is to control users assets variations in the crypto world. This AI system can choose best-valued cryptocurrency from user’s wallet and users can user their cryptocurrency with Amon card as they like. Ai system can calculate the most suitable cryptocurrency by considering its purchase and sell rates. This can explain in a flow chart

Example

Above transaction intelligent system will inform the user to choose LTC by considering its current performance

New features of AI system

Amon and CognitionBox.io develop a new feature into Amon system and it is on the way to market. This new features will consider

• Historical data

• Volatility

• Spending behavior

• New events

And will give some suggestion such as

• Crypto price forecast

• Recommendations on crypto behavior

This new feature aims to release in 2018

Values of Amon

1. Convert cryptocurrency into normal currency real time

Normally users have to go through the lengthy, expensive and complex process to convert their crypto money into normal money. But in this way, users can use Amon card and do purchases for a single fee.

2. Artificial intelligence system will make users life easier

Currency rates are rapidly changed in the crypto world. So it is important to keep track of best performing currency in the system. If we do it normal way it will take time and that time is enough to change cryptocurrency value again. In Amon intelligence system user can choose best performing currency in no time. They provide a tool to do that.

Amon card

It is a debit card which used to convert cryptocurrency into normal money. This card works with BTC, LTC, ETH and will be modified with newcomers.

This is the world’s first intelligent card. With the help of AI technology, amon card can compare all the cryptocurrency in users wallet and decide which crypto money is the best performing one at the time

The card can use in three ways

1. The user can choose the same cryptocurrency for every time

2. The user can choose preferred cryptocurrency without considering AI tool

3. The user can choose cryptocurrency to use after considering AI tool

Amon card will be released in three categories: Silver, Gold, and Platinum. Amon gold card only entitled to Amon whitelist token holders.

Why AMON CARD?

1. They will provide various levels of customer service with 24/7 priority line to AMNs tokens holders.

2. AMN tokens will be passed on master node benefits that Amon accrues from cryptocurrencies that do payout master node benefits.

3. For every transaction made user can gain a percentage of AMNs tokens as Cashback.

AMN Tokens:

The AMN tokens are designed to give benefits to the users. Some of them are discounted fees, better customer service and the possibility to receive passive interest from MasterNodes. A total of 500,000,000 AMNs Tokens or 30% of the total token supply will be put up for sale. And the remaining unsold tokens will be burned.

Token name: AMN

Price: 1 AMN Token = 0.05 USD

Bonus: Available

Bounty: Available

Platform: Ethereum

Accepting: BTC, ETH

Soft cap: 3,000,000 USD

Hard cap: 25,000,000 USD

Country: Estonia

Whitelist/KYC: KYC & Whitelist

Restricted areas: USA, China

Token allocation:

• A 30% Token Sale

• B 27% Reserve Capital

• C 25% FoundersVested 3 years with 6 month release program starting from the 2nd year.

• D 10% TeamVested 1 years

• E 5% AdvisorsVested 6 months

• F 3% Bounty Programs

AMON Wallet:

It is correctly called as “One Wallet for all your cryptocurrencies”. Amon Wallet permits the users to manage all their cryptocurrencies in one place, with a top user experience. This wallet assures that there are no more complications with multiple wallets.

Team

Roadmap

Conclusion

There are multiple tools available which greatly reduce the risk of being wrong in the market.Gaining an upper hand with the design and applicability of the product serves well with company product roadmap. With continuous technical improvements, we have been able to build useful products for the people to make their life easier. And, they have solved one of the biggest problems of the cryptocurrency spending by presenting a crypto debit card. The market for their application is huge considering the current upsurge in the investment in the Blockchain StartUps.They are also planning on applying EMoney license to gain a strong foothold in the market, in the coming future. Currently, they are offering the card for free with no charges for delivery but it remains to be seen what happens in the future. I think we are ready for the next step in the cryptocurrency world.