With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, the AIS project will establish a cryptocurrency exchange in Mongolia.
"Now, the number of cryptocurrencies and exchange platforms are increasing each year. Currently, there are 190 exchanges, compared to 70 exchanges three years ago, on 15 March, 2015. Demand to buy and sell is also growing as the number of cryptocurrencies and trading platforms increase.
There are currently 1,568 different cryptocurrencies available, as at 21 March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. The first experiments in altcoins started happening in 2011 with Namecoin, iXcoin, SolidCoin and others being developed and released. Litecoin followed soon after in the same year.”
With that being said, the AIS cryptocurrency exchange with its business affiliation with the Mongolian bank will allow its users to withdraw in fiat.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is AIS?
According to the official website of AIS, AIS is a full-fledged cryptocurrency exchange registered under all legal norms of Mongolia and with the support of the Central Bank of Mongolia.
In addition, the main function of AIS is, as in all other classic crypto-currency exchanges, buying / selling crypto-coins. But in addition to all this, AIS exchange developers have prepared a lot of interesting things for their users.
The Mission
The mission is to establish a new cryptocurrency exchange in Mongolia, providing a native token with various feature and services, and produce an AI Concierge system to help you navigate through the expanding cryptocurrency market.
This kind of direction will make it possible to make a profit not only from mining farms, but also from the sales of extracted minerals. Moreover, profits from the exchange platform will also be distributed among AIS token holders. Thus, AIS users will have as many as three sources of additional income, each of which will not depend on each other.
The Benefits
The benefits goes thus:
To provide its users with maximum security, the developers of the AIS are going to place your exchange on an internal server with its Central Bank of Mongolia;
At the same time, the mining cryptocurrency farm AISC will produce other crypto-currency assets, thereby earning additional funds for its development and encouraging its own users;
AI Concierge, which is able to analyze the behavioral characteristics of the user, give him valuable recommendations on the designation and navigation within the framework of the platform, as well as help in deeper market analysis for trading activities, intends to complement all this.
Token Details
Token Name: AIS Token
Type: ERC20
Token function:
Discount of exchange fee
Discount of withdrawal fee
Discount of listing fee
Pair Key Cryptocurrency
Voting rights for new ICO
Division of Profits ・Exchange ・Cryptocurrency Mining ・Resource Mining
Token Distribution
To maintain and ensure the value of AIS exchange will be its internal token (AIS) through which all exchange processes will take place within the existing platform. A total of 2,300 billion coins will be allocated for the life of the system. Of these, 50% will be allocated to public sales, 20% will remain in reserve, 15% will be distributed among the development team, 10% will receive advisers and 5% of the bounty company.
Till next time…
For more information, please visit:
WEBSITE: https://ais-x.io
WHITEPAPER: https://ais-x.io/AIS_WhitePaper20190111.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5096235
TELEGRAM: https://t.me/aisofficial
FACEBOOK: https://www.facebook.com/AISXOFFICIAL
TWITTER: https://twitter.com/aisx_official
MEDIUM: https://medium.com/aisico
REDDIT: https://medium.com/aisico
LINKEDIN: https://www.linkedin.com/company/ais-alternative-investment-and-security-coin/
YOUTUBE: https://www.youtube.com/channel/UCSDyPaTaKkvqQCYKbOP4MEA
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
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