What Is AME Chain (AME)?

AME Chain is the world’s 1st Quantum secured Blockchain that is EVM compatible with high performance and scalability.

AME Chain is an ambitious project dedicated to the establishment of an unconditionally secure blockchain that can withstand the threats arising out of Quantum computing.

AME Chain is a platform that facilitates peer-to-peer communication, Smart contracts and applications via its own native currency called AME. The primary purpose of AME is to facilitate and monetize the working of AME Chain to enable developers to build and run distributed applications (called Dapps).

AME Chain is a Turing complete blockchain framework, as it gives a foundation to programming languages using which you can write contracts that can solve any reasonable computational problem. AME Chain is compatible with Ethereum Virtual Machine (EVM), a consensus-based virtual machine that decodes the compiled contracts in bytecodes and executes them on the Ethereum network nodes. It also uses algorithms to prevent denial-of-service attacks that are widely observed in cryptocurrency markets.

AME Chain network is a group of nodes, connected to every other node in a peer-to-peer mechanism. Each node consists of a copy of the entire blockchain data store and competes with other nodes to mine the next block by validating transactions. If a new block is added, the blockchain gets updated and is propagated to the entire network so that every node is in sync.

AME Chain uses Proof-Of-Authority (PoA) as the consensus method that gives a small and designated number of blockchain actors the power to validate transactions or interactions with the network and to update its more or less distributed registry.

Who Are the Founders of AME Chain?

Kamalakannan Venkatraman, Co-Founder and the important person behind AME Chain. His professional career started at American Express, where he shaped the career towards the Fintech Industry. Later on, he founded MoneyQ, a global financial consulting firm where he helped improve business strategies and increase revenue of over a 20 fintech firms.

Javed Mohamed, Co-Founder of AME Chain and the Founder of AMEPOS, a successful tech software with over 2000 clients spread across India, Malaysia, Singapore, UAE and USA.

What Makes AME Chain Unique?

AME Chain is the world’s first Quantum blockchain that uses quantum security to secure its cryptography - encryption, hashing and digital signatures. Whereas other blockchains use Pseudo random numbers (PRN) for these operations, AME Chain uses Quantum random numbers (QRN) generated from a laser based quantum source.

How Many AME Chain (AME) Coins Are There in Circulation?

The AME Chain has announced that a total of 1.5 Billion AME will be released in circulation. At the moment, about 500 Million AME have already entered the market.

1 Billion AME will be put into circulation after August 2023 and a massive AME burn event is planned on this supply.

The AME distribution is as follows: 4.8% will be towards Staking rewards, 6.4% of AME coins will be distributed among team members, 4% of AME will be distributed towards Development, 16% of AME is allotted for Community grants, 40% of AME is taken aside for Burn event and 28.8% is for the Company Reserves & Partnerships.

AME price during the initial seed sale, held on September 2020, was $0.0075. Given the recent ATH, that represents an impressive 20X return on investment (ROI)

How Is the AME Chain Network Secured?

AME Chain network is secured by multiple layers.

• Quantum security - Quantum Random Numbers are used in cryptographic operations

• Cryptographic hashes to generate and validate blocks

• Proof-of-Authority to form consensus between trusted nodes

Where Can You Buy AME Chain (AME)?

AME coin can be purchased on few exchanges. One choice to trade AME is MEXC as it has the highest AME/USDT trading volume, $137,322,203 as of March 2022.

Next is Gate.io, with a trading volume of $90,112,897. Other options to trade AME include Bit global, Bkex and XT.com. Of course, it is important to note that investing in cryptocurrency comes with a risk, just like any other investment opportunity.

To check AME price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the https://coinmarketcap.com/currencies/amepay/ .Popular AME price pairs include: AME/USDT, AME/ETH