Topic: [ANN] AML BitCoin Token Sale is now LIVE ! - page 113. (Read 369853 times)

Thanks for your review!

Please send your information to:  [email protected]

If you have a problem with your transaction on the crowdsale platform checkout process:

"All technical and payment related questions can be directed to [email protected]"

I paid through bitcoin with shapeshift. confirmation email received ok. Tokens were paid on your account eth. but I'm not sure I have entered the correct address to credit tokens on my amltoken wallet. how can I do to control and possibly edit?

I made three payments. One with Ether, one with Bitcoin through Shapehsift and one with Litecoin through Shapehsift. I have only received an email about the Litecoin one so far. Will hold and see what happens within 24hrs

Well, that's an alarming additude..

These are all very legitimate questions and the answers could be beneficial to all (prospective) investors and yet you choose not to answer them.

Anyway, count me out then, good luck with the tokensale though!

OK... I just noticed the message at the top: "Due to high volume, we are experiencing delays in automated emails. Please allow up to 12 hours to receive a confirmation email." I guess I'll just wait it out with my fingers crossed in hopes all went smoothly.

It has been 2 hours or so and I have yet to receive the confirmation email? Is there any other way I can confirm my purchase?

Just completed AML token sale and went well,I used Bitcoin so had to use shapeshifter which restricted my buy as there is limits when using this service,5000 tokens were over limit but 4500 were accepted,the exchange from Bitcoin to Ether was around 25 minutes to complete and received confirmation email in 5 minutes confirming my buy from AML Bitcoin token sale,with hindsight I would have used an exchange and bought Ether allowing me to buy what I wanted in one go,nevertheless the process was painless and worked as expected.

Sorry you have all the information just as anyone else and we won't go into depth of your questioning questions.

Thanks for your interest in the project though, you seem to be very passionate about the topic.

I'm sure you're busy right now, but I would appreciate if you answered the questions I posted above before I part with my hard earned BTC.

Read our email Newsletter with detailed instructions for purchasing AML Tokens:
http://mailchi.mp/5f3da8dbb6a6/aml-token-sale-now-live

Example of a Tokensale purchase. You will be directed to a crowdsale page where you can press 'Buy'. Then next window opens. First on the left window you type how many
AML Tokens you would like with the base price against Ethereum. Continue fill in the fields, then on the bottom click Pay now. If you want to pay with Bitcoin or Altcoins you will have to
pay the Ethereum total price calculated in Bitcoin or the Altcoin of your choice. Then press Shapeshift Pay with Altcoins and select to pay with that cryptocurrency.

Interesting project, I read the whitepaper but I have some questions (which to my surprise haven’t been asked already);

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?

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.


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?
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).

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?

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?

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?

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..

fantastic that’s the info I’m looking for,thanks very much very excited about this coin

Sorry for the confusion. That is why I am here today.
Your Question: How long after the ICO before we can swap for AML Bitcoin?

Answer: It is estimated to be 4 to 6 months after ICO.
We are building our AML BitCoin.
We are integrating our AML/KYC features developed for Aten Coin, which is based a rather old version of Bitcoin.
As "Bitcoin Core" (not bitcoin cash) source code has been improved & changed a lot, we are trying hard to integrate these features into the newest version of Bitcoin core.
It won't take too long, but we need to do sufficient amount of testing.
We are also introducing some new features to AML BitCoin, such as biometric stuff, optional lock time protection, protection against sanctioned countries.
It will take us some time.

maybe I was not clear I’m asking how long after the ICO before we can swap for AML Bitcoin I know we have 6 months to swap tokens when AML Bitcoin is released,is AML Bitcoin wallet ready for after ICO

People will have 6 months to have their AML Tokens swapped for AML Bitcoin on 1:1 ratio.

For that once the AML Bitcoin wallets are there you will need to register with identification. Then the NAC team will contact you and deliver your new AML Bitcoins.

There is not much info out there and I have read white paper and website,I’m wondering the process to be able to swap for AML Bitcoin will this be done through the wallet when released and what’s the time frame for AML wallet and swap

thank you so much for info about start token sale

I’m in UK so looks like 10am for us,wish someone would have posted about this count down clock error sooner,still save me staying up late