The increasing ability to pay for products and services using cryptocurrency debit cards is a physical representation of the rise in crypto popularity. However, they are still relatively rare and at times complex; with so many cryptocurrencies available in conjunction with market volatility, it can be difficult for traders to know how best to utilize the contents of their crypto wallets when making purchases.
Amon is a financial cryptocurrency platform that looks to solve this issue using their unique payment card which utilises artificial intelligence (AI) to ensure that users get the best value from their cryptowallets with every purchase. Their whitepaper claims that they are the only platform which enables users to use their most valuable cryptocurrencies for purchases in real time. Amon also offers their own unique Amon tokens (AMN).
The Amon public ICO is live now and it will end by 4th April, we already raised around $5M (1 AMN = $0.05), we are giving different bonus to our contributors as 10% Bonus begins 12th March and ends 19th March, 5% Bonus begins 20th March and ends 27th March.
Three purchase methods
Amon card holders will have three purchase methods to choose from. The simplest is to instruct the wallet to allows pay with a single currency (for example, someone who is only interested in Bitcoin). The second is to personally select which of your currencies to use after swiping the Amon card. The third brings into play the unique Amon Artificial Intelligence System (AAIS) which will select the best currency to use in real-time on a per transaction basis.
Amon’s white-paper uses the scenario of buying a coffee using the Amon card as an example. The AAIS algorithm will analyze the user’s crypto wallet and decide the current best performing cryptocurrency, taking into account factors such as historical data and user risk profile. The algorithm displays to the user the crypto with the highest value to them at that point. The user can then decide to accept the suggestion or pick another currency to purchase the coffee with.
Partnership and tokens sale
When it comes to security, traders can be assured by Amon’s partnership with established cloud platforming company Ixonn and audits by Econocom Group. Amon has also partnered with Daneel, which runs web crawls to assist traders in investment decision, and CognitionBox, a trading algorithm company helping to develop AAIS.
Amon also claims that they are set apart from the competition by their 24/7 ‘premium’ customer service; something that they claim is sadly lacking in the cryptocurrency industry as a whole.
Looking further ahead, Amon is looking to release the Amon wallet to the public in Q2 2018, followed by obtaining an e-money license and wallet decentralization in Q3. Their aims for market share are to have 3 percent, 5 percent or 7 percent (negative, realistic or positive estimates respectively) control during the first year.
The team behind Amon are diverse in background and experience. Amon’s four co-founders are from Italy and Australia, and also have team members from France, Spain, Ukraine, and the US. CEO Daniele Izzo previously co-founded another platform for the legal marketplace, AvvocatoFlash, with two of Amon’s other Italian founders, Valerio Sudrio (CMO) and Cristian Izzo (CTO). AvvocatoFlash has thrived in the Italian marketplace, with over 5000 lawyers involved and more than 20,000 legal cases dealt with per year.
If you would like participate in Amon’s Public Sale, that’s open until 4th April, visit https://amon.tech/