Make it possible to serve as a global cross-border payment solution.
With AMDG TOKEN, you will be able to enjoy rewards and offset transactions within the AM-Wallet apps. AMDG TOKEN uses blockchain functionalities built-in with smart contracts that makes it possible to serve as a global cross-border rewards system and have real value as time goes by.
AMDG TOKEN listed on Three Top Tier Centralized Crypto Exchanges: Azbit, Coinsbit and DigiFinex. AMDG Token has been opened for Deposit, Trade and Withdraw.
AMDG token is the native currency for Asset Management Digital Group.
It is a token built for FinTech market expansion and everyday transactions in the crypto space.
It will be complemented with a platform that can be used globally, everywhere and anywhere.
AMDG Token has a fixed supply. However, the supply is decreasing gradually and the locked tokens are released in stages to provide a fast deflationary model for first 6 years. This is due to the fact that during the first few years, the tokens need to have good traction. We piece the entire puzzle to expedite traction instead of just throwing out marketing dollars. With a fast deflationary model coupled with AM-Wallet and proper marketing, economic growth in the cryptocurrencies can be achieved and producing the desired results for token holders.
The logic behind burning of tokens and also having new supply trickling in is mainly to control the supply and demand. As the business is still new, AMDG will need to generate income but at the same time reward stakers. The locked supply tokens will be used to reward stakers while AMDG generate revenue via transactions on its apps so that the business growth is viable and sustainable.
As new supply flows into circulation, this might have an undesirable effect on the price of AMDG token. Therefore, we are using the burning mechanism to control the circulating supply so the number of burning supply outweighs the inflow of new supply. On top of that, tokens are also locked while users stake their AMDG tokens to earn rewards.
This will bring a POSITIVE price effect on price of AMDG token as the Total Value Locked (TVL) added with the burning mechanism brings the number of circulating supply lower.
Starting with a total supply of 250,000,000, we will only have a circulating supply of 100,000,000 at the end of the 10th year. Out of the 100,000,000 supply, some of it may have been burned along the way. This is due to the fact that from the 7th year onwards, AMDG will implement a Burn-On- Transaction strategy. Whenever users perform any transactions on AM-Wallet, part of the revenue will be used to buyback AMDG tokens from exchanges. The AMDG token will then be sent to a non- existent wallet address to burn. This will create more Buy Orders on the exchange and at the same time reduce the total circulating supply as it will be burned thereafter
From March 2022 to February 2028 (over 6 years or 72 months), we will burn approximately 150,000,000 of AMDG token. Here is the following detail about the schedule of Token Burning :
2,500,000 per month from March 2022 to February 2023
2,500,000 per month from March 2023 to February 2024
2,250,000 per month from March 2024 to February 2025
2,250,000 per month from March 2025 to February 2026
1,500,000 per month from March 2026 to February 2027
1,500,000 per month from March 2027 to February 2028
Locked supply is scheduled to be release every March, June, September, and December in a year. The scheduled release of 100,000,000 supply is used to reward those whom are staking AMDG Token in their AM-Wallet apps
As supply continue to decrease, with ongoing usage, demand for AMDG Tokens will go higher. From year 10 onwards, there will be continuous burning to 50,000,000 TOKENS UNIT.
AMDG will leverage our FinTech platform to revolutionize the way people manage and grow their finances. Our best-in-class KYC program ensures that users can easily onboard and proceed to make universal payment and crypto banking solutions safely and securely. Following this, users can invest in a range of attractive, innovative products and earn rewards using AMDG TOKENS.
The successful launch of the AMDG TOKENS was the company's big milestone to enhance the AMDG ecosystem. Holders of AMDG TOKENS will have access to exclusive rewards and higher bonus rates, discounts on transactions within the platform. With good tokenomics, case use and more holders, we are expecting the price of AMDG tokens to be positive over the years. Our crypto token will integrate the blockchain's technology, trust, and efficiency benefits with the reliability and stability of traditional currencies.