The Ammolite cryptocurrency is a dedicated hybrid token that has the backing of the Ammolite resources whose ownership and operations are overseen by GEMXX Corporation. The cooperation has stated that it will be backing the tokens with over $600M in its proven Ammolite reserves. It plans to execute this by using its mining protocol as a unique secure source. Currently, there are over 9,700 gem-bearing concretions that have been discovered in a 17.8-acre piece of land owned by the company.
Later in 2020, the company purchased 217 acres of gem-bearing land in addition to their existing properties located in Southern Alberta, Canada. Upon acquiring the property, samples have been drilled to prove the existence of gem-bearing formations of shale.
According to the Ammolite platform, its vertical integration of GEMXX with its dedicated Resource-To-Token concept is the first digitized form of Ammolite in existence as such, this makes the AMML Token one of a kind in the world.
Who are the Founders of Ammolite (AMML)?
The Ammolite token was created by the Gemxx corporation. GEMXX Corporation is an open platform where public trades and mining operations to market gemstones and jewelry are executed. The producers that the corporation deals with have global reach and also control the mining, production, and operating assets. GEMXX coordinates all the stages involved in the production including gemstone production, jewelry manufacturing, and the global distribution of their products.
GEMXX platform has been around for quite a while and has been in the service industry for over 160 years with a focus on the combined management of Ammolite, its operations, and sales in the sector. The company’s team cuts across individuals with experience from several sectors which will together make up the Ammolite business and ensure absolute control on the product development of the company, as well as the control of its quality and production standard. GEMXX management has repeatedly stated over the years that as a company, they are proud of that ethical mining process and the production standard which they have set for all products is proud of their environmental stewardship, ethical mining, and production standards as the company set for will products that are released from his company.
What is Ammolite (AMML) used for?
The Ammolite token was created by a Jewel creating corporation and serves as a form of hybrid cryptocurrency which is backed by a reserve of Ammolite. The mother company, according to the platform’s website pledged over 600 million dollars in backing for the token.
Due to the amount of money backing the project, the token holds significant value in the ranks of cryptocurrency exchanges. This means that individuals who hold AMML tokens have the option of trading their tokens with other cryptocurrency pairs in the open market to earn a profit from their digital assets.
What Is the Unique Point of Ammolite (AMML)?
The Ammolite token is different from most of the other cryptocurrency pairs in that the token is the first ever to be backed by a publicly confirmable reserve of Ammolite. The reason this puts the value of the token significantly above other similar cryptocurrencies is that Ammolite is one of the rarest naturally occurring elements available in the world.
The platform was created under the central belief that the system is on the verge of going mainstream globally with its use case cutting across both Jewelry and Home Décor. Because of the difficulty involved in finding the gem, it has been discovered that it has a finite supply. According to the founding team, If this trend continues, there will be an increase in the value of the token, similar to the same amount of increase that occurred over the past 20 years, which reached an all-time high of over 300%. With the availability of new-age communication technologies, in addition to a publicly-traded stock system (OTC: GEMZ), the platform has created the only Ammolite-backed Crypto Token in the world to easily allow everyone to participate in the rise of popularity of Ammolite.
How many Ammolite (AMML) coins are in circulation?
According to this Ammolite website, its mother company, GEMXX will be launching a proprietary exchange in the First Quarter of 2022.
This will provide AMML token holders with a significant advantage that will give them easy access to liquidity and exchange the token for other cryptocurrency pairs including Litercoin, Etherum, XRP, or Bitcoin, among others. Considering the limited amount of tokens available, in combination with the clause of owning the tokens before an exchange listing presents an appealing opportunity. Upon the creation of the Ammolite token, it has a finite supply of 1,000,000,000 tokens.
Is the Ammolite (AMML) Network secured?
Unlike most of the contemporary cryptocurrencies springing up in the world which are controlled by a consensus mechanism consisting of participants on the platform, the Ammolite token is operated differently. The token is controlled by the company but follows all the rules of the crypto community. It is also secured by the company’s security protocols. This means that the company is in charge of the security mechanisms operating on the platform.
According to the company’s website, it has been audited by several professional firms and has been certified as protected against targeted attacks on its system. This implies that participants can comfortably transact on its platform without the feat of an attack.
How do I buy Ammolite (AMML)?
Over the years, more people have been attracted to the Ammolite system because of the possibilities of profit that the system holds for its participants. Because of the rarity of the precious stone backing the token, its rate of adoption has significantly increased all over the world. Now, Ammolite tokens are readily available across several exchanges and can be easily purchased by the following steps.
- Open an account with the crypto trading platform.
- Transfer the specific amount of your fiat currency to your account.
- Wait for your deposit to be confirmed and Buy AMML through your trading account.
Which Cryptocurrency Wallet Supports Ammolite (AMML)?
The GEMXX platform supports many cryptocurrencies simultaneously such as the Ammolite token. Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use GEMXX Wallet as their Ammolite wallet because offers a simple and interactive interface making it easy for people to navigate its system.