AMLT - The Token of Compliance

prabod (25)in #blockchain • 7 years ago (edited)

In a world that currently relies on digital means to process most of our work load, we have pushed the boundaries even for the ones that seem impossible and that is the creation of a digitalized cash system. Digital currency or Digital cash has been the trending investment to most in the 21st century. Satoshi Nakamoto, the name given to the unknown inventor of the Bitcoin. Known as the first cryptocurrency never meant the invention to be turned into a form of currency but in its process he managed to build a decentralized digital cash system. The problem that Satoshi solved was something that seemed complex to do but eventually proved it possible. The major issues with network related payments using is to keep track with the payments to avoid something known as double spending, which is preventing an entity from spending the same amount twice. These records are normally kept by a central server to keep track of balances. But crypto currency followed the concept of decentralized network system that does not have a dedicated server to keep track of all network based payments. The solution is to make sure each entity single handedly does the relevant job such as validity of transactions and attempts on double spend. Satoshi proved that we could all come into an agreement without the consent of a central authority. And thus giving us all the opportunity in investment of Crypto currencies.With all good things there is always the misuse of them. The digital world is also home to a group of people who would exploit such investments to their own personal gain. Causing a large amount of distress among the community who are willing to make a good use out it. And that’s where AMLT comes into play. AMLT by Coinfirm solves anti-money laundering for virtual currencies and block chain. There has been a large growth in virtual currency eco system which involves some of the largest financial institution and companies across the world. But these institutions requires authentication and policies to be followed that makes it hard to follow even the simplest of investments. The available tools are not as efficient and are unable to provide the necessary security from AML risks and virtual currency entities, assets and risky sources which could be potentially harmful investments etc. Trust in AMLT to provide you with safe and an efficient use of your virtualized currency.

What we do.

✅ The network provided by Coinfirm AML/CTF platform is recognized by many institutions and AMLT is considered as the token for prepaid products and access right for this platform✅ Having a democratic system as opposed to an arbitrary one is what makes it much easier to go on with safe investments, to do this Network Members receiver AMLT for providing information and rating on specific addresses.✅ Being secure and democratic alone doesn’t help but also there is should exist transparency. AMLT build such bonds that makes it easier to maneuver across the number of regulatory requirements by the large institution or companies on crypto currency.✅ Allows transactions with compliance and transparency to help the crypto currency eco system to connect safer to the global economy.✅ We seek to achieve a common standard in transparency to make sure crypto currencies are safe and efficient in all transactions provided.✅Effectively pin point the transaction on the safety and security on each investment and whether they are under jurisdiction of the AML/CTF acts.

The AMLT token sale

✅Each participant should go through an onboarding transfer procedure if they want to purchase from AMLT.

✅Participants are required to provide some data evaluation details on

✅Their profits

✅Their identity and data

✅Their Ethereum Address in which the AMLT payment is supposed to be made to

✅In such a situation if the required data above is not provided within the AMLT crowd timeout, it is still possible to submit the documentation within 2 whole weeks but these will take another 4 weeks max to be verified.

✅Only if all the data of participants are provided by the onboarding process on time and the participant’s compliance evaluation are within the acceptable risk limit, The AMLT will be paid out to the participant’s Ethtreum Address.