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AMO Coin

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Discover AMO Coin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is AMO Coin?

AMO Coin (AMO) is a blockchain-based cryptocurrency that operates on the Klaytn platform. It is designed to facilitate the exchange and sharing of car data between users, manufacturers, and service providers, creating a decentralized marketplace where data becomes a public asset. The AMO Coin is used as a medium of exchange within this ecosystem, ensuring secure and transparent transactions.

How is AMO Coin used?

AMO Coin (AMO) is a cryptocurrency that operates on the Klaytn platform. It is primarily used as a medium of exchange on the AMO Market, a decentralized marketplace where users can share and exchange their driving habits and infotainment preferences. This platform aims to turn individual cars into public assets that manufacturers can use to gather data for warranty claims management.

How do I store AMO Coin?

To store AMO Coin (AMO) tokens securely, it is recommended to use a wallet outside of exchanges. The best option is a hardware wallet, which provides the highest level of security. Alternatively, you can use a multi-asset wallet like Atomic Wallet, which supports over 1,000 coins and tokens, including AMO Coin. This wallet is trusted by millions of users and offers features like private key encryption, 24/7 support, and no registration or KYC requirements.

How to buy AMO Coin?

To buy AMO Coin (AMO) tokens, you need to follow these steps:

  1. Acquire a Base Cryptocurrency: First, purchase a widely accepted cryptocurrency like USDT, BTC, ETH, or BNB using fiat currency. This will be used to buy AMO Coin.

  2. Choose an Exchange: Select a cryptocurrency exchange that supports AMO Coin, such as Bilaxy, Bithumb, Coinone, or StealthEX. You can find a list of exchanges where AMO Coin is available on websites like CoinCodex.

  3. Create an Account: Register on the chosen exchange and set up your account. This may involve KYC (Know Your Customer) verification, depending on the exchange's policies.

  1. Deposit Base Cryptocurrency: Deposit the base cryptocurrency you acquired into your exchange account.

  2. Trade for AMO Coin: Use the deposited cryptocurrency to trade for AMO Coin on the exchange. You can search for AMO Coin on the exchange and initiate a trade.

  3. Store Your AMO Coin: Once you have purchased AMO Coin, you can store it in a secure wallet like Atomic Wallet, which supports over 1,000 coins and tokens, including AMO Coin.

Remember to always follow best practices for securing your cryptocurrency accounts and wallets.

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History of AMO Coin

AMO Coin (AMO) is a cryptocurrency that operates on the Klaytn platform. The current circulating supply of AMO Coin is 19.10 billion, with a total supply of 21.20 billion and a maximum supply of 21.20 billion. The market capitalization of AMO Coin is around $15.62 million, ranking it 1252 among all known cryptocurrency assets.

AMO Coin has experienced significant price fluctuations. It has been traded on various exchanges, with a 24-hour trading volume of $1.83 million. The price of AMO Coin has risen by 5.31% in the past 7 days and increased by 0.38% in the last 24 hours, but it is currently 96.61% below its all-time high of $0.0164.

AMO Coin is supported on Coinbase Wallet, allowing users to trade and manage their assets. The price of AMO Coin is influenced by market trends and can be affected by various factors such as trading volume and overall market sentiment.

The historical price movements of AMO Coin have been tracked and analyzed to make predictions about its future performance. Based on these predictions, the yearly low AMO Coin price for 2025 is estimated at $0.0003, and it is expected to rise by 66.80% and reach $0.000429 by July 18, 2024.

Overall, AMO Coin is a cryptocurrency with a significant circulating supply and market capitalization. Its price has been volatile, and its future performance is subject to various market and economic factors.

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How AMO Coin works

The AMO Coin (AMO) is a cryptocurrency that operates on the Klaytn platform. It is designed to facilitate the exchange and sharing of car data within the automobile industry. Here's an overview of how it works:

Deflationary Mechanism

AMO Coin has a deflationary mechanism, which means that a small percentage of AMO tokens are burned with each transaction. This mechanism helps to reduce the overall supply of tokens, potentially increasing their value over time.

Token Details

AMO Coin was launched through an Initial Coin Offering (ICO) in 2018. The ICO started on June 18, 2018, and ended on July 7, 2018. The token is based on the Ethereum blockchain and is an ERC20 token. The ICO price was set at 1 ETH = 200,000 AMO, and the hard cap was 10,000,000,000 AMO.

AMO Market

The AMO Market is a decentralized platform where car data can be shared and exchanged between stakeholders in the automobile industry. This includes car users, manufacturers, and service providers. The market operates on the AMO Blockchain and supports the fair valuation of data and the distribution of rewards. Transactions within the market are made using AMO Coin, which accounts for adjustments in supply and demand.

Data Protection

The AMO Market ensures that car data is protected using cryptography. When service providers or manufacturers want to access car user data, proper authorization is brokered with data owners, ensuring that sensitive information remains secure.

Wallet Management

AMO Coin can be managed using the Atomic Wallet, which supports over 1,000 coins and tokens. The wallet is trusted by 5,000,000 users worldwide and offers features like private key encryption, 24/7 online support, and no registration or KYC requirements.

Price Prediction

The price of AMO Coin is predicted to rise by 66.80% and reach $0.000429 by July 18, 2024, according to CoinCodex. The current sentiment is bearish, and the Fear & Greed Index is showing 74 (Greed).

Overall, AMO Coin is designed to create a decentralized marketplace for car data, ensuring that data is shared securely and fairly valued. Its deflationary mechanism and token details contribute to its unique features within the cryptocurrency space.

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AMO Coin's strengths

The token AMO Coin (AMO) has several strengths that make it an attractive investment opportunity:

  1. Blockchain Infrastructure: AMO Coin is built on the Klaytn platform, which provides a robust and efficient infrastructure for the exchange and sharing of car data. This infrastructure enables the creation of a decentralized market where car data can be traded and utilized by various stakeholders, including car users, manufacturers, and service providers.

  2. Decentralized Data Management: AMO Coin's blockchain-based system ensures that car data is no longer controlled by centralized companies. Instead, it becomes a public asset, allowing for the development of valuable services and applications. This decentralized approach promotes transparency, security, and fairness in the car data market.

  3. Potential for Growth: AMO Coin's price is predicted to rise significantly in the coming years. For instance, by 2030, the price is expected to reach around $0.005512, indicating a substantial increase from its current value. This growth potential makes AMO Coin an attractive investment option for those looking to capitalize on the growing demand for car data and blockchain technology.

  1. Strong Development Team: The AMO Coin project has a team of experienced professionals with a background in user experience and product development. This team has a proven track record of delivering milestones, such as the launch of the AMO Mobile Wallet and the AMO CA platform, which demonstrates their ability to execute the project's roadmap effectively.

  2. Community Engagement: AMO Coin has an active community with a presence on various social media platforms, including Twitter, Telegram, Facebook, and Reddit. This community engagement helps to build trust and fosters a sense of ownership among investors, which can contribute to the token's long-term success.

Overall, AMO Coin's strengths lie in its innovative approach to car data management, its potential for growth, and its strong development team. These factors make it an attractive investment opportunity for those interested in the intersection of blockchain technology and the automotive industry.

AMO Coin's risks

AMO Coin (AMO) is a cryptocurrency designed for vehicle data exchange platforms, and it carries several financial risks. These risks include:

  • Sale Risks: The sale of AMO Token may not be completed as scheduled or may not be completed at all, and the Purchaser may not receive any AMO Token or may not be able to exchange it for AMO Coin due to technical issues or regulatory changes.
  • Economic Value Uncertainty: The Seller does not guarantee the economic value of AMO Token or AMO Coin, and it is possible that they may have no economic value or lose their entire value regardless of the funds contributed.
  • Regulatory Risks: Changes in regulation and government policy may impact the legal status of AMO Token and AMO Coin, affecting their development, function, or sale.
  • Dilution of Value: The value of AMO Token may decrease over time as more tokens are created and distributed as rewards.
  • Legal Relationship Uncertainty: The legal nature of the relationship between holders of AMO Token and AMO Coin is unclear, which may lead to liabilities and obligations.
  • Secondary Market Risks: There may not be a secondary market for the Purchaser to sell AMO Token or AMO Coin to third parties.
  • Blockchain Risks: Blockchain technologies may develop in ways that make different blockchains incompatible, affecting the functionality of AMO Coin.
  • Volatility and Market Risks: Cryptocurrencies like AMO Coin are highly volatile and influenced by external factors, making price predictions uncertain.
  • Risk Ratings: AMO Coin has received high risk ratings from some analysts, indicating that it may be more susceptible to market manipulation.

These risks highlight the potential challenges and uncertainties associated with investing in AMO Coin.

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Did AMO Coin raise funds?

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AMO Coin's ecosystem

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AMO Coin’s team

  • SangGyoo Sim: The founder and CEO of Amo Labs, leading the team with over 15 years of experience in the IT industry.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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