AML BitCoin (AML Bit) - PoW/PoS hybrid | Encryption Algorithm X15 | SHA-256, POW
AML BITCOIN IS THE WORLD’S FIRST AML/KYC/PATRIOT ACT COIN THAT’S COMPLIANT WITH BIOMETRIC IDENTIFICATION.
ABOUT AML BITCOIN
AML BitCoin was created with anti-money laundering, anti-terrorism and theft-resistant properties built into the code of the coin, and as a result, it is compliant with a host of laws. AML BitCoins are compliant with AML, CFT, AFF, OFAC, BSA, USA PATRIOT ACT, FACT and others.
The NAC Foundation utilizes a biometric identification system to verify owners of wallets that hold the AML BitCoin. This will provide additional security and safety features for ownership and use of the AML BitCoin.
There will be 76 Million AML BitCoin Tokens (AML Tokens) available for public purchase. Upon completion and activation of the AML BitCoin, AML Token holders will have the opportunity to exchange them for AML BitCoins on a 1:1 ratio. In making this exchange the token holder will have had to create a certified digital identity profile in association with the DTN.
What is AML BitCoin?
AML BitCoin has been designed by the NAC Foundation, and builds on the AtenCoin platform. The cryptocurrency has built in KYC/AML, anti-theft and anti-criminal features, as well as biometric identification built into the platform. This enables it to be used by companies and individuals transacting with State, Semi-State, Regulated and Unregulated bodies.
All AML BitCoin transactions are transparent and recorded in a public ledger, and the senders and receivers are pseudonymous to the public. The transaction validation is decentralized. Every AML BitCoin holder can join this process through PoW/PoS mining.
Who can use AML BitCoin?
The AML Token can be purchased by token purchasers around the world. For those looking at using AML BitCoin for transactions, a series of KYC/AML and real-life verification is required. Once completed, all verified network users can transact with each other knowing counterparties are not on Sanctions Lists. AML BitCoin is the only cryptocurrency that is compliant with the U.S. Patriot Act, Bank Secrecy Act, Anti-Money Laundering and U.S. Office of Foreign Assets Control law as well as other worldwide standards.
Capital Makeover: Bitcoin Brigade
NAC Foundation in conjunction with Blockchain Entertainment LLC and Superjacket Productions is creating a reality TV show which will also feature AML BitCoin. Working with Andrew Williamson and Mike Odair, the show will follow the team as they introduce cryptocurrencies to the US Congress.
Basic Specifications of AML BitCoin
Name: AML BitCoin (unit: AmlBit)
AKA: AML Coin
Biometric Identifications: Mobile Application that uses blockchain technology with Biometric Identification Features.
Features: Anti-Money Laundering
Features: Know Your Client (“KYC”)
Features: Anti-Theft Feature
Special Feature: Anti-Criminal Features
Segregated Witness (SegWit): Yes
Consensus Protocol:Miner PoW Block Reward: PoW/PoS hybrid protocol, resistant to 51% attack
Miner PoS Annual Stake Reward: 2 AML, multiplied by 0.9 every 0.5 million blocks 0.5%
Encryption Algorithm: X15
Average Block Time: 1 minute
Total Coins: 200 Million
Pre-mined Coins: 145 Million
Total Available for PoW/PoS Mining: 55 Million
Transaction Fees: 0.0001 AML (0.1 mAML) Per Thousand Bytes
Number of Mined Block Confirmation: 240
Number of Transaction Confirmation: 6
Specifications of AML Token
Coin name: AML Token
Transaction address prefix:
Maximum coin supply:200,000,000 ATK
Premined coins:145,000,000 ATK
Minimum transaction fee:0.00001 ATK/kB
Default transaction fee:0.0002 ATK/kB
Hashing algorithm: SHA-256, POW
Block reward: 0.000001 ATK
Average block time:1 minute
Source code:Based on Bitcoin Core, version 0.15.0
AML Token/AML BitCoin exchange rate:1 to 1
Total Available for PoW Mining:55 Million
AML Token Wallet
in order to receive AML Tokens that
you purchase in the token sale, you need the AML Token wallet to receive
your tokens, which is now available for Windows, Linux and Mac.
Please note that at this time you can not store AML Tokens in your regular wallet, used to store crypto currencies like Bitcoin (BTC), Ethereum (ETH) or other altcoins!
While the AML Token Sale is still ongoing, you can only receive tokens. Upon completion of the Sale, you will be able to send and receive your AML Tokens.
You can find a step-by-step explanation on how to install the ATK Wallet below, a video tutorial is available as well.
- Download the wallet.
- Extract the folder into a folder of your choice.
- Start the wallet exe. (You may be asked to grant a firewall exception and/or reported by your anti virus, as it might get flagged as a miner. This is not unusual since the AML Token Wallet is based on the bitcoin-core.)
- Specify the location of the blockchain.
- Allow the blockchain to sync.
- Go to file – receiving address and create a new address to receive your tokens later.
- Go to settings – encrypt wallet and enter a pass phrase to secure your wallet.dat file.
- Backup your wallet by going to file – backup wallet and save your wallet.dat file in a secure location.
- You’ll need your receiving address to receive tokens later during the sale, after the AML BitCoin Team has audited the sale and started distributing tokens.
Dates: September 2017
AML Tokens Sold: 2,500,000
There was a private sales of AML Tokens during 2017 with 2.5 million tokens sold. The balance of 73.5 million tokens will be available for the public sale phases.
Public Sale – Phase 1
Dates: 6th October 2017
AML Tokens Available: 13,500,000 @ US$1/token
Phase one of the public sale will run from 1st October for early adopters to the AML BitCoin platform.
Public Sale – Phase 2
Dates: After completion of Phase 1
AML Tokens Available: 20,000,000 @ US$1.25/token
Phase two of the public sale will run from the end of the first phase, for those who wish to purchase tokens at a discount.
Public Sale – Phase 3
Dates: After completion of Phase 2
AML Tokens Available: 40,000,000 @ US$1.50/token
The final phase of the token sale will see tokens made available at a discount. Any tokens purchased after this will be at the market rate.