ardibimbimBlogNews: AMLT - The Token of Compliance by the Coinfirm

Coinfirm AMLT is not Only a cryptocurrency. Coinfirm is solving anti money laundering for virtual currencies in blockchain. The dynamic growth of the virtual currency ecosystem unprecedented opportunities and is recognized by the largest companies and financial institutions all over the world but the market has been facing a roadblock due to anti money laundering rules .

The tools currently available are inefficient and can’t effectively determine AMLT risk associated with virtual currency entities, installing mask commercial adoption. Assets originating from risky sources are free flowing through the market forcing players to take on the potential risks. Financial institutions and the traditional markets can’t effectively determine risks so they can’t participate in the new economy or provide services. Even regulators overseeing financial processes lack tools for insights and execution of standards to ignore AML processes puts market participants at risk of assisting in the spread of illegitimate funds, potential fines or even litigation.

Coinfirm’s AML platform is the all new solution for the ecosystem with 200 proprietary algorithms and flagging scenarios. The platform solves AMLT needs and streamlines compliance with actionable data. Such as our cease core, risk rating, behavioral profile, transaction recommendation, financial insights and over 100 risk indicators for informed decisions and actions, blockchain agnostic.

The platform currently serves Bitcoin, Dash and Etherium as well as related ICOs and tokens. With the global standard of Coinfirm’s platform, the commercial market and blockchain economy can interact allowing for mass adoption of virtual currencies while redefining the effectiveness of compliance. Now Coinfirm is taking the next step in building the transparent financial system by actively involving market participants with AMLT token, the fuel for Coinfirm’s platform and the democratized ecosystem. AMLT allows members to evaluate market participants by providing data crucial to seamless and safe trade.

In exchange for their contribution members obtain AMLT used to receive substantial discounts on AMLT reports and exclusive access to platform services with partners across blockchain and financial industries will be implemented into an already vibrant network of players providing a strong foundation of commercial use together with Coinfirm’s platform AMLT builds a transparent and democratized financial system or your participation is valued.

Commercial organizations face a whole lot of crucial challenges when it comes to the latter crisis period and the most demanding challenge they face is the lack of stability in the regulations. Regulations change from time to time and this means than major adjustments must be made in the institution which in turn have a domino effect on revenue, and in turn affecting the growth of the business. Recent years have seen a massive rise in this regulations with the advent of policies such as Customer (KYC) and Anti-Money Laundering (AMLT).

As ICOs pop up each and every where they are compelled to meet these AMLT/ KYC standards. The blockchain industry has responded to this with SAFT (Simple Agreement for Future Equity framework). SAFT in contrast to being a good defender for AMLT/ KYC policies it turns out to be that it’s not so good at its business.

Coinfirm has already measured highs and lows of AMLT/ KYC policies and is pretty adaptive to each and every one of them. As with this the Coinfirm project bears an ultimate goal in their mind… that is to produce a global cryptocurrency which meets AMLT/ KYC standards.

Token giveaway

Out of the 400 million tokens obtainable about 210 million tokens will be distributed in the ICO (Initial Coin Offering) which starts on Dec.12, 2017 and ends on Jan. 30, 2018. All these tokens are thoroughly inspected to meet AMLT/ KYC standards.

The Crew

The AMLT crew consists of a team of more than 30 experts in the blockchain industry with high. Pawel Kuskowski is the CEO and founder of the Coinfirm AMLT project. Co-founders Pawel Aleksander and Jakub Fijolek serve in the aspects of CIO and CTO.

Founders

Paweł Kuskowski CEO / Founder

Paweł Aleksander CIO, Co-founder

Conclusion

AMLT is a dominant idea that is supported by a world renowned crew. The platform is also popping out at the exact time with the blooming industry of blockchain.

Risks

As stated in the whitepaper the competition is high when it comes to helping organizations meet necessary regulations such as AMLT/ KYC standards. Chainanalysis, Elliptic, Scorechain are just a handful of the companies which dominate the industry. But as AMLT says it is superior to all of these but many risks are involved when it comes to these types of things.

Growing capability

The cryptocurrency market is said to be worth a whopping $350 billion. So you can just imagine how much tough the competition is. If new cryptocurrencies need to enter the market they need to meet the AML/ KYC standards. So it means that organizations which help cryptocurrencies meet these requirements will be in high demand in the coming future.

Coinfirm has by now signed contracts with dominating cryptocurrencies such as Bitcoin, Etherium, and Dash so the future for Coinfirm AMLT remains clear for now.

As the token sale has started on Dec 12 and ends on Jan 30, there’s only 24 more days to go as for the time of this writing. So book your tokens now as for this is your last chance.