AMO Coin is an ERC-20 compliant token initially developed on Ethereum blockchain, will be transferred on AMO blockchain once it is ready. AMO Coin is one of the three currencies (other are AMO Cash and AMO miles) used in the AMO ecosystem. AMO coin is used for external transactions and is the foundation currency for user transactions. AMO Cash is the internal currency and can be earned by contributing to the AMO ecosystem. AMO Miles can be earned by sharing the car data. The users can getShow more [+] discounts in the AMO market based on the amount of holding of AMO Miles
AMO is a blockchain project where the car data can be shared and exchanged by paying AMO coins. AMO is the project being developed for future connected cars, autonomous vehicles, electric vehicles, and other smart cars. AMO Economy is based on AMO Market and AMO Participants. AMO "Market participants" are all the users related to automobiles either data producers or consumers. The value of data is determined by demand and supply where AMO coin is used as the means of payment. AMO Market aims to decentralize the data generated by vehicles and thus creates an environment where the data is no longer held by a few selected companies. AMO blockchain uses Delegated Proof of Stake as consensus algorithm which ensures 1000 transactions per second. The AMO ecosystem consists of other services and applications including Penta CryptoWallet, AMO data collector (a network of sensors and transmitters), AthentiCA (for creation, issuance, and management of certificates used in IoT environments) and Penta Security Reverse ICO products.
AMO ecosystem is governed and run by AMO foundation. SangGyoo Sim is the present CEO at AMO. He is the creator of AutoCrypt and has more than 15 years of experience in It and security. The team consists of 50+ members. There are 12 members in the advisory board including Ted Jung, the founder and CEO of Crypton and Vectors.