[{"ID":7132,"post_author":"2","post_date":"2020-07-27 12:19:11","post_date_gmt":"2020-07-27 11:19:11","post_content":"The Amon Wallet exchange is simple and fast. It allows you to exchange your cryptos and your EUR\/GBP with just one click.\r\n\r\nWe offer the best market rates thanks to the integration of different liquidity providers and crypto exchanges. The system that runs in the background checks the best rates in different exchanges and executes the conversion instantly to guarantee the best rate to the Amon user. Isn't it great?\r\n\r\nBut that's not all! Amon is launching a fantastic reward cash-back programme for users that use the Amon exchange.\r\n\r\nWhen a user executes an exchange, Amon is making small profits due to the fluctuations of the market. The prices change at any time and to avoid losing money during the exchange Amon adds a small buffer to make sure that it never incurs in a loss. From today on Amon decided to share part of this profit margin to the community in the form of the AMN token. Therefore all the Amon users will receive a cash-back in AMN token of 0.5% for every exchange.\r\n\r\nHere is an example:<\/strong>\r\n\r\nThe user wants to convert \u20ac1.000 to BTC.\r\nLet's say that the Bitcoin Price at that moment is 10.000\u20ac, therefore \u20ac1.000 = 0.1 BTC.\r\nCash-back: 0.5% of 1.000\u20ac = 5\u20ac in AMN Token\r\nUsers gets: 0.1 BTC + 5\u20ac in AMN Token<\/strong>\r\n\r\nWill AMN token lose in value?<\/strong>\r\n\r\nWe don't want to create a system which devalues the price of the AMN Token.\r\n\r\nFor this reason, Amon uses the other part of the small margin profit to buy back the AMN token given to the users. It is an automated system that executes both exchange and cash-back transactions at the same time. Here an explanatory chart:\r\n\r\n\"amn","post_title":"0.5% AMN Cash-Back on Every Exchange","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"0-5-amn-cash-back-on-every-exchange","to_ping":"","pinged":"","post_modified":"2020-07-27 12:19:11","post_modified_gmt":"2020-07-27 11:19:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/blog.amon.tech\/?p=7132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7127,"post_author":"2","post_date":"2020-07-23 18:41:31","post_date_gmt":"2020-07-23 17:41:31","post_content":"The future of fintech is here, and Amon is fundraising<\/a> for the card launch with UnionPay International!\r\n\r\nAmon, known for their innovative APP<\/a> that aims to make using digital currencies stress and frustration-free, will release their UPI Card<\/a> in 31 EEA countries soon. The company started in 2017 when the Izzo brothers bought some cryptocurrency for investing. But then found that when they needed to use them for everyday purchases, there were many obstacles in doing so. Also, around this time, the market was moving from being Bitcoin oriented towards being more crypto oriented due to the creation of many new cryptocurrencies. Consequently, the brothers decided to create a digital wallet and a tool to not only make day to day purchases using cryptocurrencies easier but also to support the adoption of cryptocurrencies in society.\r\n\r\nAfter a successful ICO, the development of the app began. They then won MKB Bank, which is the fourth-largest commercial bank in Hungary, as a supporter and investor. With the help of MKB, they restructured the entire legal part of the company, adding new opportunities and new services.\r\n\r\nSince April 2018 Amon has been developing its wallet integrating fiat, crypto, and several other products to support user spending and investing. Amon has launched a new version of the app that aims to solve some of the frustrations and uncertainties around digital currencies. The Wallet offers different solutions to ease crypto adoption:\r\n