Amalgam Whitepaper 1.0
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A M A L G A M<br />
W W W . A M A L G A M C O I N . C O M<br />
<strong>Amalgam</strong> being the world’s first Index-based cryptocurrency means<br />
that as a token, its value’s correspondence with a Price-Weighted index<br />
eliminates risk of a serious price crash.<br />
<strong>Amalgam</strong>’s blockchain smart contracts call for an additional level of<br />
encryption, protecting user information. Additionally, our team is<br />
developing smart contracts that prevent a major sell-off of AMG and<br />
subsequent price manipulation.<br />
The total amount of outstanding tokens of AMG will never exceed<br />
100M, further eliminating risk of value dilution.<br />
Many of <strong>Amalgam</strong>’s partnering vendors will offer discounts for<br />
customers using <strong>Amalgam</strong>. For example, a pair of sneakers that costs<br />
$100 USD can also be purchased from the same vendor for $95 USD<br />
worth of AMG.<br />
The daily returns of our Price-weighted Cryptocurrency Index outpace<br />
the S&P 500 and Dow Jones.<br />
DESIGN ADVANTAGES<br />
According to IBM DeveloperWorks, Blockchain protocol mechanisms “provide<br />
the benefits of a consolidated, consistent dataset with reduced errors, near-realtime<br />
reference data, and the flexibility for participants to change the<br />
descriptions of the assets they own. Because no one participating member owns<br />
the source of origin for information contained in the shared ledger, blockchain<br />
technologies lead to increased trust and integrity in the flow of transaction<br />
information among the participating members.” 4<br />
The blockchain database isn’t stored in any single location, meaning the records<br />
it keeps are truly public and easily verifiable. No centralized version of this<br />
information exists for a hacker to corrupt. Hosted by millions of computers<br />
simultaneously, its data is accessible to anyone on the internet. 5<br />
4 Brakeville, Sloan and Perepa, Bhargav “Blockchain Basics: An Introduction to Distributed Ledgers” IBM,<br />
IBM. 9 May 2016, https://www.ibm.com/developerworks/cloud/library/cl-blockchain-basics-intro-bluemixtrs/index.html<br />
5 Blockgeeks, “What is Blockchain Technology?” Blockgeeks, Blockgeeks.com. 1 Oct 2017,<br />
https://blockgeeks.com/guides/what-is-blockchain-technology/