AMCCoin — Aircraft Mileage Coin’s Distribution
AMCCoin’s Issuance
AMCCoin is not provided as Open Source but issued and supplied by AMC Foundation.
AMCCoin’s Proceed Use
40% of AMCCoin will be used for airline mileage and 15% for railroad transportation mileage. AMC allocates 30% of AMCCoins for the usage of cards and other points because it was hard to make use of many card points and other points instead of cash, which led to underutilization of those points. In case of unexpected problems which may come up during its use, 15% of the total AMCCoins will be guaranteed for escrows and deposits.
AMCCoin’s Distribution
AMCCoin allocates 40% to Fundraiser, 10% to development teams and related business partners, 10% to business advice and consulting, 15% to advertising and public relations, 10% to company operating expenses and 15% for reserve. In addition, 3% will be used for the private sale and ICO for financing, which is to be utilized for development and initial company operation.
