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Amaten – Gold sponsor

2021-10-18

Amaten – Gold sponsor

The Airdrop announcements keep on coming! We are excited to announce the next project joining Infinity Airdrops is Amaten! We welcome them as the latest Gold sponsor of the platform!

Amaten is the largest digital gift card marketplace in Japan boasting more than 60% of the market share, after launching back in 2012. They offer 10-20% discounts on products from 20+ merchants, including notable names such as Amazon, Apple and Google. Customers are able to purchase gift cards with fiat or crypto assets like Bitcoin, and can also sell unwanted gift cards on the marketplace. The platform is easily accessible, allowing users to log in with a Google or Facebook account.

Amaten is committed to providing liquidity to a market that was traditionally illiquid. They identified several problems in the traditional gift card system that operates on a centralised ledger which is extremely inefficient and prone to scams. Amaten solves these issues using blockchain technology and smart contracts to tokenize the gift card system.

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Amaten partnered with Aelf, a certified blockchain provider, to launch their system on the Ethereum network and take advantage of the efficiencies offered by blockchain technology. As a result, in 2020 Amaten processed approximately 1 million transactions and had 132,000 active users which resulted in an annual revenue of $110 million.

Amaten launched their own token, AMA, which acts as the fuel for the entire Amaten marketplace by powering the gift card transactions. AMA has a range of utilities on the network, including selling or purchasing gift cards by individuals paying for transaction fees. Merchants who wish to issue gift cards on the platform must stake AMA which is verified by Amaten. Users are offered a significant discount to make transactions using the AMA token.

AMA is an ERC20 token based on the Ethereum network with a total supply of 500 million tokens. As a Gold sponsor of the Infinity platform, they will be providing 5 million tokens to the pool. These airdrops will be distributed over a period of 180 days to all investors who locked their 10set in Infinity.

The AMA token launched in 2020 and is currently trading at approximately $0.23, which offers a huge reward pool to the Tenset investors participating in Infinity! We are delighted to feature a crypto project that already has significant experience in the traditional business world and is now leveraging blockchain technology. Amaten has demonstrated they have a working product and offer great utility to their native token AMA. We are excited to introduce this project to our strong Tenset community and support them as they expand their operations in the future to continue their rapid growth.

Amaten official sources and social media:

Website: https://amaten.io/

Twitter: https://twitter.com/AmatenOfficial

Discord: https://discord.com/invite/qyv5pZF993

Coinmarketcap: https://coinmarketcap.com/currencies/amaten/

Cointelegraph: https://cointelegraph.com/news/japans-largest-gift-card-marketplace-launching-blockchain-gift-cards

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