The ICO you should not missed — AMLT The Token of Compliance

Cryptocurrencies have grown tremendously over the last few years and from the first time I’ve heard about Bitcoin, I said to myself that the future of money will evolve to cryptocurrencies despite some regulators banned (like in case of China).

However, I’d like to point out that with increasing acceptability of bitcoin and/ other cryptocurrencies globally, regulators will have to do nothing in the future but to accept it as a currency, or maybe develop a global currency, that is the same or even higher to surpass what bitcoin/other cryptocurrencies have achieve including global acceptance, liquidity and stable currency.

Or regulators will have to work faster than how fast technology works in order to regulate the evolution of the “future money”. I’m excited with this as well.

Below is the chart of Bitcoin, taken as of November 18, 2017.

From historical snapshot of cryptocurrencies in April 28, 2013 has a total market cap of $1,596,170,359 to seven (7) cryptocurrencies.

Recently, November 12, 2017, cryptocurrencies has a total market cap of $200,964,455,665 to 1,208 cryptocurrenices.

However, with such a tremendous growth, cryptocurrencies also faces a lot of challenges including recent ban of ICO in China, ICO fraud, ICO scams and even rampant phishing.

Not only this, regulators are also tightening with the so called Anti-Money Laundering Act. Money laundering is committed by a) any person who, knowing that any monetary instrument or property represents, involves, or relates to the proceeds of any unlawful activity b) any covered person who, knowing that a covered or suspicious transaction is required under the AMLA to be reported to the AMLC, fails to do so.

Unlawful activity refers to any act or omission, or series or combination thereof, involving or having direct relation, to the following (taken from Anti-Money Laundering Act of 2001, As Amended from AMLC Philippines):

1. “Kidnapping for Ransom” under Article 267 of Act №3815, otherwise known as the Revised Penal Code, as amended;
2. Sections 4, 5, 6, 8, 9, 10, 11, 12,13, 14, 15 and 16 of Republic Act №9165, otherwise known as the “Comprehensive Dangerous Drugs Act of 2002”;
3. Section 3 paragraphs b, c, e, g, h and i of Republic Act №3019, as amended, otherwise known as the “Anti-Graft and Corrupt Practices Act”;
4. “Plunder” under Republic Act №7080, as amended;
5. “Robbery” and “Extortion” under Articles 294, 295, 296, 299, 300, 301 and 302 of the Revised Penal Code, as amended;
6. “Jueteng” and “Masiao” punished as illegal gambling under Presidential Decree №1602;
7. “Piracy on the High Seas” under the Revised Penal Code, as amended, and Presidential Decree №532:
8. “Qualified Theft” under Article 310 of the Revised Penal Code, as amended;
9. “Swindling” under Article 315 and “Other Forms of Swindling” under Article 316 of the Revised Penal Code, as amended:
10. “Smuggling” under Republic Act №455, and Republic Act №1937, as amended, otherwise known as the “Tariff and Customs Code of the Philippines”;
11. Violations under Republic Act №8792, otherwise known as the “Electronic Commerce Act of 2000”;
12. “Hijacking” and other violations under Republic Act №6235, otherwise known as the “Anti-Hijacking Law”; “Destructive Arson”; and “Murder”, as defined under the Revised Penal Code, as amended;
13. “Terrorism” and “Conspiracy to Commit Terrorism” as defined and penalized under Sections 3 and 4 of Republic Act №9372;
14. “Financing of Terrorism” under Section 4 and offenses punishable under Sections 5, 6, 7 and 8 of Republic Act №10168, otherwise known as the “Terrorism Financing Prevention and Suppression Act of 2012”;
15. “Bribery” under Articles 210, 211 and 211-A of the Revised Penal Code, as amended, and “Corruption of Public Officers” under Article 212 of the Revised Penal Code, as amended;
16. “Frauds and Illegal Exactions and Transactions” under Articles 213, 214, 215 and 216 of the Revised Penal Code, as amended;
17. “Malversation of Public Funds and Property” under Articles 217 and 222 of the Revised Penal Code, as amended;
18. “Forgeries” and “Counterfeiting” under Articles 163, 166, 167, 168, 169 and 176 of the Revised Penal Code, as amended;
19. Violations of Sections 4 to 6 of Republic Act №9208, otherwise known as the “Anti-Trafficking in Persons Act of 2003, as amended”;
20. Violations of Sections 78 to 79 of Chapter IV of Presidential Decree №705, otherwise known as the “Revised Forestry Code of the Philippines, as amended”;
21. Violations of Sections 86 to 106 of Chapter IV of Republic Act №8550, otherwise known as the “Philippine Fisheries Code of 1998”;
22. Violations of Sections 101 to 107, and 110 of Republic Act №7942, otherwise known as the “Philippine Mining Act of 1995”;
23. Violations of Section 27(c), (e), (f), (g) and (i) of Republic Act №9147, otherwise known as the “Wildlife Resources Conservation and Protection Act”;
24. Violations of Section 7(b) of Republic Act №9072, otherwise known as the “National Caves and Cave Resources Management Protection Act”;
25. Violation of Republic Act №6539, otherwise known as the “Anti-Carnapping Act of 2002, as amended”;
26. Violation of Sections 1, 3, and 5 of Presidential Decree №1866, as amended, otherwise known as the decree “Codifying the Laws on Illegal/Unlawful Possession, Manufacture, Dealing In, Acquisition or Disposition of Firearms, Ammunition or Explosives”;
27. Violation of Presidential Decree №1612, otherwise known as the “Anti-Fencing Law”;
28. Violation of Section 6 of Republic Act №8042, otherwise known as the “Migrant Workers and Overseas Filipinos Act of 1995, as amended”;
29. Violation of Republic Act №8293, otherwise known as the “Intellectual Property Code of the Philippines, as amended”;
30. Violation of Section 4 of Republic Act №9995, otherwise known as the “Anti-Photo and Video Voyeurism Act of 2009”;
31. Violation of Section 4 of Republic Act №9775, otherwise known as the “Anti-Child Pornography Act of 2009”;
32. Violations of Sections 5, 7, 8, 9, 10 ©, (d) and (e), 11, 12 and 14 of Republic Act №7610, otherwise known as the “Special Protection of Children Against Abuse, Exploitation and Discrimination”;
33. Fraudulent practices and other violations under Republic Act №8799, otherwise known as the “Securities Regulation Code of 2000”;
34. Felonies or offenses of a nature similar to the aforementioned unlawful activities that are punishable under the penal laws of other countries.

To know more about it, you can visit http://www.amlc.gov.ph/laws/money-laundering/2016-revised-implementing-rules-and-regulations-of-republic-act-no-9160-as-amended

So how can investors be protected or avoid risk? Introducing AMLT — The Token of Compliance!

The keyword is Compliance

In stock market or even in financial institutions regulated by government agencies, compliance is a key ingredients in protecting the investing public. For cryptocurrencies, since its unregulated the risk is very high.

The solution is Coinfirm AML/CTF Platform, a Global Standard. With AMLT, compliance is valued in order to protect the investing public in a safer, efficient and effective way in the global economy. To add, it will also builds a secure and democratic network that provides transparency to the cryptocurrency world, helping it to be complaint with a number of regulatory requirements.

Currently Coinfirm are servicing key currencies such as Bitcoin, Dash, Ethereum; ERC20 and ERC223 Tokens.

First mover advantage

AMLT, the first AML related blockchain based token and ecosystem, designed to become a global standard for AML and deliver an open democracy and financial inclusion to the global financial system.

AMLT being the first to adopt it, will gain competitive advantage through control of resources. Anyone that will be launching similar to AMLT would need the economic benefits and the ability to surpass what AMLT’s built or else will have created an inferior network with little incentives for others to use it.

Experienced management team

One of the important things to look at is the management team should have related experienced if not an expert in the industry. To add to the integrity and good reputation they have. Why you should look at this? Because having meet this means that the founders and/management will support and backed the token future expansion and development. In short, it already have intrinsic value by having them alone.

AMLT has managed to have these with a founders that involved in Anti-Money Laundering (AML) / Counter Terrorist Financing (CTF), Compliance Advisor, Fraud Investigator, Entrepreneur and IT specialist. And a group of team and advisors with over ten years of experience/an expert in related to the development and future growth of AMLT industry.

For more details, you can read it here: https://amlt.coinfirm.io/

A few details about the crowdsale:
Tokens available to public at launch: 210,000,000
Data rewards pool for Network Members: 120,000,000 (distributed monthly by the smart contract)
Consultants/Advisors: 2%
Ambassadors/Referrals: 1%
Founding Team: 10% (with lockup period)
Dev team and bonuses: 4% (with lockup period)
Foundation/Charity: 0,5%
Total AMLT Tokens generated in smart contract: 400,000,000
Start of token sale: November 28th 2017 15:00 UTC
End of token sale: Dec 31st 2017 15:00 UTC

How to purchase AMLT? Please see the figure below.

Purchase of AMLT during Token Crowd Sale

In short, all crowdsale participants need to pass compliance check, else they will return your contribution (ETH).

Other information about AMLT:
Official website: https://amlt.coinfirm.io/
Whitepaper: https://amlt.coinfirm.io/pdf/white-paper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2375580
Bounty link: https://bitcointalk.org/index.php?topic=2375857
Official channels and social media:
Facebook: https://www.facebook.com/AMLToken/
Twitter: https://twitter.com/AMLT_Token
Linkedin: https://www.linkedin.com/company/coinfirm/
Reddit: https://www.reddit.com/r/AMLT/
Telegram: https://t.me/AMLT_Coinfirm
Blog: https://blog.coinfirm.io/
Youtube: https://www.youtube.com/channel/UCUDxGxLVXXV-Ry4b5D2HS-Q

Sources: AMLT, Coinmarketcap, Anti-Money Laundering Council (AMLC)

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