AMLT Token provided by Coinfirm, seem going to succeed. Based on their main site, the platform has already raised over 11609 ETH till now. Coinfirm which is provide a network with a transparent, democratic, effective and compliant virtual currency in the blockchain technology aims to deliver a streamlined and an effective global standard for AML/CTF compliance. Participant in the platform, able to provide AML, CTF, Fraud, Business, and risk ratings whether negative or positive value.
AMLT token will be attached into the platform to serves as a bridge, accommodating new business models by adopting blockchain technology and virtual currencies. By using the token, user will gain exclusive access, allowing them to purchase report with substantial discounts, evaluate the market, and also obtain AMLT by providing data to scamless and safe trade.
The project was push as a result for the most challenge, when currently the AML/CTF compliance process becomes inefficient, taking a lot of cost either in the blockchain ecosystem or in the traditional financial sector.
To suite with the Coinfirm AML/CTF, the platform structured data consist of C-Score, Coinfirm Recommendation, Entity name, Profile, Risk Indicators, Whitelist, and Financial activity. Coinfirm C-Score was built as an internal risk rating indicator to express the level of money laundering, fraud and compliance risk associated with the counterparties of the blockchain transactions.
The C-Score assigned with 0 to 99 on ach blockchain address or group of addresses identified belongs to the same users. Based on the the C-Score feature, Coinfirms will only present the highlights of how C-Score will be generated.
By seeing the overall C-Score processes, the platform will be able to give a flags system if the blockchain addressed of the holders related with some illegal activities. The flags will automatically transposed into the Risk Indicator. The platform was also offering Rewards system for Network Member. Extra token will be given as the Reward to the network member for AMLT monthly distributions.
With the whole of the platform ecosystem, AMLT seem ready to compete with another competitor such as Elliptic, Chainalysis, and also Scorechain. Coinfirm was confident with the platform since the room for big data business was a huge market.
Based on the worldwide revenues for big data analytics forecast, it will to exceed $150 billion in 2017, and will keep rising more than $210 billion by 2020. Seeing on their token sale progress achievement, total raised 11609 ETH rightnow will make the project easier to complete the target, its only 18 days left on their public tokensale.
AMLT Token Crowdsale Detail
Token Name: AMLT token
Token Symbol: AMLT
Token Base: Ethereum ERC20
Total Supply: 400,000,000 AMLT
Crowdsale Start: December 12, 2017
Crowdsale End: January 30, 2018
Token Price: 1 AMLT = 0.0003387075 ETH
Minimum objective: $1,000,000 USD
Website – Whitepaper – Announcement
(User UID: ICO Magazine)