Topic: [ANN] AML BitCoin Token Sale is now LIVE ! - page 109. (Read 369875 times)

so just let's put us in peace and wait .. I really believed in this project the time will tell me if i'm right .. i just hope the token will be distributed smoothly as soon as the NAC decides to do

Yes, but the date is not set in stone as there are other aspects to think of.

(results, Escrow, exchange listings, partners etc.)

IS THE PROJECTED TOKEN SALE TIME FROM OCT6 - NOV 15 JUST FOR PHASE 1

Sorry but at this time the meter will not return on the website.

when will we know how many token are sold today?

Released video presentations:

Crypto Coin Show AMLBitCoin ICO - AML Compliant Cryptocurrency
https://www.youtube.com/watch?v=nw1G7LqqiBg

Crypto Coin Show AMLBitCoin - Regulatory Compliant Cryptocurrency - FinTech News Network
https://www.youtube.com/watch?v=f2zXjVS4PpU

We also have a 10 second teaser if someone likes to show it on their site or to share in posts:
https://www.youtube.com/watch?v=yUiDcaoJIok

Thank you very much for picking out those stupid mistakes for us. One of our developers used the wrong links.
Now we have provided back the correct links.

https://www.linkedin.com/in/neha-verma-34969638/
https://www.linkedin.com/in/jatin-babbar-47a02617/

Many thanks again.

Please find our brief answers at #202
https://bitcointalksearch.org/topic/m.22872835

Let me try to address your concerns briefly here. Otherwise, it will be an extremely lengthy post.

1. 2.3 Identity Verification: The Digital Identity Trust Network (DTN)
DTN appears to be a separate entity to the NAC foundation and processes the verification of users (through government issued documents and biometric means) needed to get access to the AML blockchain.
Could you please elaborate about this; how can I trust DTN? Is there any regulatory oversight on this company? Is it being audited? Do they store all the ID data on their own servers and on the NAC servers (and how do they communicate)? And how are the costs of verifying AML users being covered?
Brief Answer: The DTN involves a third-part company, who has experience and expertise to verify the submitted identity proof document. The third-party company’s method should have been audited. Most data are stored on the NAC servers (not front-end servers). All personal information is encrypted before storage in our servers. Some data will be stored using the IPFS protocol. For communication between Internet interfaces for ID data submission and the 3rd-party ID verification platform, network traffic encryption will be involved. We will follow the ISO/IEC 29100:2011 standards (Information technology - Security techniques - Privacy framework), and the system will be subjected to third-party accreditation. Some of the costs of verifying AML users are from the ICO. Some of the costs are covered by the profits from our business. Please refer to the white paper for the basic ideas about our business plan.

2.3.2 Explains how users can identify; 'they select their Country of residence, and State or Province'.
How do I know my country is on that list? If not I cannot convert AML Token to AML Bitcoin.
Brief Answer: (1) If you are a resident/citizen in a country in the OFAC sanctioned country list, you cannot convert AML Tokens to AML BitCoins. (2) If you are staying in a country in the OFAC sanctioned country list, you cannot convert AML Tokens to AML BitCoins. Please refer to our Terms and Conditions for more details. https://amltoken.com/aml-sale-terms-and-conditions/

2. 3.6.4  Locking the AML BitCoin Accounts of Suspected Criminals
Reading this part, it seems to enter quite a grey area, with has 2 downsides;
I. there seems to be a lot of non-automated work associated with it, do you plan on having a whole team on this? And how do you plan on covering the ongoing costs associated with it?
Brief Answer: This is a very good question. We have thought of a solution on covering the ongoing costs associated with it. Unfortunately, owing to the trade secret, I could not disclose detailed information to you here. I hope you could understand. However, you can think in way that NAC Foundation will develop its business to generate profits, and the ongoing costs will be covered by the profits of our business. You could refer to our whitepaper for the basic ideas of our business plan.  

II. If NAC may deem something suspicious, can they lock my funds? Or is it only 'Upon a legitimate request from a governmental body'?
P.S. I'm not talking about 3.5 (because I understand being on some terrorist list, NAC will lock the account but that is no grey area).
Brief Answer: For suspicious transactions, we are not planning to lock those funds. However, we are planning to report those suspicious activities to the related government agencies, e.g. FinCEN in United States. We will only lock those funds upon a legitimate request from a governmental body.    

3. 6.2 Limitations of Bitcoin and Other Cryptocurrencies
In this part you cover 3 subjects of limitations (on which I agree), but on only one (6.2.3. Pseudonymous/Anonymous Property of Cryptocurrency and Illegal Activities) seems AML bitcoin to serve a solution, do I read that right?
Brief Answer: I hope that I understand your question correctly. If not, please correct me. AML BitCoin is designed to serve as a solution for the illegal activities related to the pseudonymous/anonymous property of cryptocurrency.

4. Although not in the whitepaper, but it was stated (in the FAQ I believe) that all the centralized (ID) information is not stored on front-end servers of NAC, which is nice, but is of course not a guarantee for anything.
How do I know this information is really stored securely, not only in a technical sense, but also in procedural form (which employees have access under what conditions, etc.); are you audited by an external company?
Brief Answer: Correct. Centralized (ID) information will not be stored on front-end servers of NAC. We will follow the ISO/IEC 29100:2011 standards (Information technology - Security techniques - Privacy framework), and the system will be subjected to third-party accreditation.  

5. Having 50 million of AML bitcoin to burn trough will ensure NAC not going broke soon, but how are you planning long term to fund yourself?
Brief answer: We are well aware of the need of long term fund to keep the AML BitCoin running. Please refer to whitepaper for the basic ideas of our business plan. AML BitCoin’s operation will be supported by the profits generated from our business.  

6. Because every AML Bitcoin is stored in multi sign addresses (me and NAC having the keys), it is absolutley vital NAC will keep functioning, what provisions are made to that end? Things like disagreements/infighting (everybody leaving NAC) or the whole NAC team is involved in a plane crash or something..
Brief answer:  The key answer for your question is the “provision”, that NAC is going to make at the end. We have a plan to build one or more valuable assets as the provision to ensure there will be sufficient fund that supports the continuous operation of the AML BitCoin system. As such information is trade-secret, I could not disclose in details here. Moreover, here we have to emphasize that the market price of the AML BitCoin must not be linked to those provisions, and AML BitCoin holders should not expect that the acquisition of AML BitCoin will result in profit because of those provisions. The price of AML BitCoin should be mainly dictated by the market force. This is to ensure that AML BitCoin is not considered as a security.  

It is:
NAC FOUNDATION, LLC   NV20141104310   Active   Domestic Limited-Liability Company

Did some searching myself for NAC Foundation LLC and found there information without a problem
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=7oQeBDF6DA4qY%252bzTd3Wr8A%253d%253d&nt7=0

I've checked in detail all those NAC related records you provided, but couldn't find your Entity,  if it is not NV20141104310 as you say. Could you please tell us which NV Business ID exactly it is? Thank you.

Entity Name    NV Business ID    Status    Type
NAC CORPORATION   NV19871033653   Dissolved   Domestic Corporation
NAC CORPORATION   NV20011355584   Merge Dissolved   Domestic Corporation
NAC (USA) INC.   NV20071663415   Permanently Revoked   Domestic Corporation
NAC CAPITAL, LLC   NV20081594159   Active   Domestic Limited-Liability Company
NAC CONSTRUCTION COMPANY   NV20021481703   Dissolved   Domestic Corporation
NAC DEVELOPMENT COMPANY   NV20021481719   Active   Domestic Corporation
NAC ENTERPRISES LLC   NV19981052513   Dissolved   Domestic Limited-Liability Company
NAC ENTERPRISES UNLIMITED, LLC   NV20091325700   Permanently Revoked   Domestic Limited-Liability Company
NAC FOUNDATION, LLC   NV20141104310   Active   Domestic Limited-Liability Company
NAC HOLDINGS, INC.   NV19951057859   Merge Dissolved   Domestic Corporation
NAC INTERNATIONAL, INC.   NV20031525048   Permanently Revoked   Domestic Corporation
NAC INVESTMENT COMPANY   NV19961247883   Dissolved   Domestic Corporation
NAC LAS VEGAS LLC   NV20161609503   Active   Domestic Limited-Liability Company
NAC MARKETING INC.   NV20061174255   Permanently Revoked   Domestic Corporation
NAC MORTGAGE & LOAN COMPANY   NV19971102204   Permanently Revoked   Foreign Corporation
NAC PROPERTIES, INC   NV20151341572   Active   Domestic Corporation
NAC SERVICES, LLC   NV20121273579   Revoked   Domestic Limited-Liability Company
NAC TECHNOLOGY GROUP INC   NV20121542433   Active   Domestic Corporation
NAC'S CORPORATION   NV20031463590   Permanently Revoked   Domestic Close Corporation

Still no ticker.

Still no answers to my questions #117.

Old coin? Have you got a chance to read our whitepaper, which is available from our website?
Please have a look. We are building out a new coin with technologies developed for Aten Coin. We are using putting in some new functions as well.
https://amltoken.com/whitepaper/

Old project?
Again please read out whitepaper. It is based on our Aten Coin project, and the project is evolving.
You could also read the recent news related to what our team has achieved so far.
You may wish to watch this youtube video https://www.youtube.com/watch?v=nw1G7LqqiBg for a quick update.

Old people?
There are a lot of capable and experienced people joining the team.
E.g. Angela Knight, CBE, VP of European Affairs http://bitcoinprbuzz.com/angela-knight-cbe-appointed-vice-president-of-european-affairs-for-aml-bitcoin/
       Hon. Carlos De La Guardia VP of Latin America Affairs http://www.investors.com/politics/commentary/a-new-digital-currency-aml-bitcoin-makes-landfall-in-panama/
Do you think those people could not be trusted?

1) The amlbitcoin.com is so far so good, but I do admit that sometime it takes a while to load it. It is made with wordpress. Probably the high traffic has slowed down its loading.

2) You could find NAC Foundation, LLC, by visiting the following URL.
http://nvsos.gov/SOSEntitySearch/corpsearch.aspx?st=c&ss=NAC
The "FERNLEY, NV 89408" is the address belonging to our registered Agent.

As I’ve posted before the AML token team are using tech they developed over some years and along with more recent tech,they are developers of Aten coin which has been around for number of years with active thread here on bitcointalk,Aten coin holders are getting to swap 1/1 for AML tokens which shows me they look after there investors,I took part in ICO received email then follow up email from team confirming my coin purchase within 10 minutes of investing,I can see some are new to ICO process and perhaps did little research expecting to receive coins straight away,this is not how ICO work and people need to chill,I have been around this tech for couple of years now and hold a number of investments I can say I’m very excited about this one and for those willing to take the risk rewards could be life changing,always do your own research before investing and never invest more than you can afford to loose.

Long time ,it could be possible why not , old coin and new thread , many people are doing the same , take some very old project and sometime they make good money!

Everything is possible, why not  As soon as everything is clear and consistent, I'll buy much more AML Tokens. I did purchase a couple of them already, just because the AMLBitcoin website is nicely done and that effort needs to be appreciated. Doesn't it? 

Everyone can check those publicly available information sources and make own opinion. Some of the Linkedin profiles and the postal address simply don't match. Maybe it's very easy to explain or just fix, so now you have a chance.

may be new employees and a new office)