AMANPURI Exchange ecosystem is a system that offers spot transactions and up to 100x leverage transaction system and complete security with a focus on the 100% protection of customer assets through collaborations with major custodians and the use of blockchain transparency consisting of direct financial assistance.
|Restricted countries||United States of America|
|Soft cap||5,000,000 USD|
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AMANPURI is based on a multi-sig digital signature scheme. Two or more passwords (secret keys) are required for the remittance of VFA from a Wallet Address. One of the effects of this security feature is that, for DLT exchanges, just by using multi-sig, hackers tend to avoid hacking the exchanges. Furthermore, through management with a cold wallet, customer assets are protected from the threat of hackers.
Basically, customer assets are kept in a cold wallet which curtails the risks associated with hacking. Furthermore, in regard to withdrawal procedures, AMANPURI restrict withdrawals to one per day, and randomly decide the time period during which procedures are carried out each time through our own algorithm. Through compliance and this algorithm’s special irregular changing of timings, AMANPURI offer complete protection. As an asset holding operation, protecting customer assets is our first priority. In regard to each withdrawal application, it will not be dealt with individually.
Currently, AMANPURI are undergoing negotiations with a major custodian that is a licensing company of the British FCA in order to manage customer assets separately.AMANPURI plan to start a trust agreement with AMANPURI custodian around 2023. When custodians are attacked through things like hacking, the Bank of England compensates them for the damages, so we can indirectly protect customer assets 100% with respect to the separately managed funds. AMANPURI entrusts the management of assets to a custodian that clearly separates and manages the investment assets of AMANPURI and the investment assets of customers.
Strict management of the multi-sig signature and cold wallet, and security measures such as partnerships with custodians will be carried out, and in addition, AMANPURI plan to pool 5% of the monthly operating profits as funds solely for the purpose of covering customer assets in the event of damage caused by attacks. Until AMANPURI have reached a joint agreement with custodian, AMANPURI will pool funds set at 7% of the operating profits to protect customer assets from all risks.
The AMANPURI Exchange is licensed in the Republic of Malta to minimize the impact of regulations on customers. Since March 2018, the Republic of Malta has taken a very positive stance towards blockchain technology and is adopting it as a national strategy. It is also attracting major DLT exchanges like BINANCE and OKEx. Malta is currently trying to establish a reputation as a “blockchain island” by building a regulatory environment that can effectively utilize VFA. As the government has a positive attitude, the banks are supportive of the business.
Poor customer support
Currently there are more than 190 countries and 6900 different languages on the planet. Many DLT exchanges support only a very limited number of languages such as English and Chinese, which does not help to attract prospective users. Furthermore inferior email-only support is cited a major problem as issues cannot be resolved in real time. The AMANPURI Exchange will introduce a customer support phone service by May of 2020 and will correspond in English, Chinese, Korean, Hindi, Spanish, French, Arabic, Russian and Portuguese (for the first release, correspondence will be in English only).
Isao Fujiwara CEO
David Okem COMMUNITYMANAGER
Nguyen Son Tung DEVELOPMENT MANAGER
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