GENERAL FAQ

 

What is Amalgam?

Amalgam coin is a state-of-the-art, highly secure Ethereum blockchain based cryptocurrency. Long gone are the days of altcoins popping up left and right without any real-world value. Amalgam is accepted by dozens of vendors, available for purchase, trading and use in a wide variety of marketplaces. Being built on the Ethereum platform makes Amalgam one of the safest, most practical blockchain-based cryptocurrencies on the market.


What is Ethereum? What is a Blockchain?

Ethereum is an open-source, public blockchain-based distributed computing platform featuring smart contract functionality. Ethereum's blockchain technology enables developers to build and deploy decentralized applications. Ethereum is within the top 3 most frequently traded cryptocurrencies currently on the market. Although its value soaring over 3,700% since the beginning of 2017 (with a market capitalization of over $29 billion as of November 2017) may suggest extreme volatility, Ethereum has actually proven to be one of the safest and most reliable tokens on the market due to its blockchain technology. In fact, JP Morgan built its Quorum enterprise-focused platform using the Ethereum blockchain protocol.

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Originally developed as the accounting method for Bitcoin, blockchain technology is primarily used to verify transactions, within digital currencies though it is possible to digitize, code and insert practically any document into the blockchain. It is indelibly safe in that the code's record/data cannot be changed.


How are Smart Contracts enforced?

Smart contracts are enforced the same way that normal programs are enforced: they are algorithmically ran as code and output is achieved. Smart contracts are similar to real world contracts; the primary difference is that there is no "grey area" or room for error or the breaking of rules. There are merely pre-determined rules and parameters that are defined by the parties involved and then executed on the blockchain. Once executed, the rules do not change. 


What are the advantages of Amalgam?

The first benefit of Amalgam (out of many) is its real-world use and application. Many other alt-coins and cryptocurrencies have values that have been arbitrarily determined by their developers that ultimately make those coins (and the people trading or investing in them) vulnerable to "pump-and-dump" schemes or stock manipulation. Amalgam, however, is a coin that is accepted by dozens and dozens of vendors and is available on several exchanges and marketplaces. Amalgam is also safeguarded by an index of the most stable, reputable cryptocurrencies available to the public. Lastly, Amalgam is a coin built on the Ethereum blockchain platform, making it intuitively safe and verifiable by the entire network.


How do I invest in or buy/purchase Amalgam?

Amalgam is currently in Pre-Sale, offering early stage investors a discount on token price. This is to cover expenditures such as staffing, servers, additional technical infrastructure and overhead.  The final stage of the Amalgam Token Pre-Sale begins on November 28, 2018 and ends December 4, 2018.

The Amalgam Initial Convertible Coin Offering (ICCO) begins on December 11, 2018 and ends on February 6, 2018.

 


What is Ether?

According to Ethereum, Ether is "a necessary element — a fuel — for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources)."