The car is one of the most essential needs that anyone who lives in the city has. It is an industry that happens to be worth billions of dollars. Like most IoT things, it has proven difficult to monetize the data generated by modern vehicles. However, car enthusiasts remain a solvent audience, interested in various services and goods.
The Challenges AMO Foundation Seeks To Solve
Cars today generate and process huge amounts of data, which was unforeseen a few years ago. The increased use of tech in the car industry has led to things such as electric cars, connected cars, and autonomous cars.
Modern cars are essentially moving hubs of data. They are not merely modes of getting from point A to B. Despite this, there is no shared system for the systemic collection and storage of data. The service providers may utilize car data but its potential for more value is often overlooked.
The AMO Foundation Car Data Blockchain Market Solution
Creators of the AMO foundation will use the blockchain to gather, analyze, and process data on cars and the owners. The developers have proposed an ecosystem where the personal information is encrypted and ready to be transmitted to large companies that need it.
AMO Foundation is based on smart contracts that link car owners, advertisers, and the manufacturers. The blockchain will distribute the data array by categories, track the interests of users, and generate a detailed portrait of the target audience. This will be used to promote various goods and services.
Who Are The AMO Foundation Users?
The car owner will continue to use their car as usual. They may drive for business purposes, navigating to their route using a navigator, for leisure, go to stores, gas stations, and other places. The data is recorded in the blockchain, leading to the creation of a user profile and charging him or her bonuses for contributing to the AMO database.
A smart contract will be used to guide how personal data from the car owner is used. It can then be sorted into various categories and analyzed. The raw data gotten from the users is turned into useful data for purposes of marketing, ad campaigns, and creating pricing strategies.
These are carmakers, developers of service apps such as information sites and navigators, public organizations such as auto insurance firms, gas station networks, and others. It is a category interested in reliable data about the needs of the consumers. Developers of AMO have made it clear that AMO can be adapted for any sector.
AMO Foundation AMO Coin ICO Details
Parameters Of The ICO
- Token Ticker: AMO
- Token Price: 200,000 AMO = 1 ETH
- Total Supply: 20,000,000,000 AMO
- Minimum Transaction Amount at Pre-sale: 5 ETH
- Minimum Transaction Amount at Crowd sale: 0.1 ETH
- Soft Cap: N/A
- Hard Cap Pre-Sale: 800,000,000 AMO
- Hard Cap Crowd Sale: 1,040,000,000 AMO
- Pre-Sale Date: May 28, 2018 – June 9, 2018
- Main Sale Date: June 30, 2018 – July 7, 2018
- Tokens for Sale at Pre-Sale: 2,400,000,000 AMO
- Tokens for Sale at ICO: 1,120,000,000 AMO
At the end of the ICO, 40% of funds will go to the development of the project, 20% for interactions with strategic partners. The rest will be divided equally between marketing, reserve fund, operational costs, and general business development.
AMO Foundation Conclusion
In summary, the platform will have three layers, a peer-to-peer network for fast exchange of data, blocks where the data is stored and an interface that users interact. The data gathered by the platform in categorized into user data, which is data about purchase and routes, in-car data, which is data about the car, and V2X and Metadata, which is general data about the various sources of data.