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AmityCoin (AMIT) is a truly private cryptocurrency that aims to establish friendly relations within the crypto community. With a zero premine, AmityCoin focuses on the technology, not quick profits. The coin utilizes the Proof of Work Cryptonote Variant Soft Shell, which makes it resistant to ASIC, GPU, FPGA, and pool mining, allowing users to mine solo with a CPU. To discourage malicious chain forks, AmityCoin implements a unique block reward unlock time of 12 hours.
AmityCoin has a roadmap for future development and growth. The Community Buyback System (CBS) is designed to secure funding for research and development while rewarding early miners and supporters. The team also aims to grow the community by providing engaging experiences like a Discord Rainborg tipbot. Additionally, they welcome new contributors to join the team and share their ideas. AmityCoin also plans to research the Proof of Time (PoT) theory, which proposes lower block rewards if the block solves time is not within the correct limits.
The AmityCoin team includes a dedicated group of past and present members and contributors who work towards the project’s success. The founder and developer, Jack ‘Mitoshi’ James, leads the team, and co-founder Aaron ‘Morpheus’ Tomsett plays a crucial role. Other team members include Matt ‘Hooftly’ Hooft as the Projects Manager and Junior Web Developer, Bastian ‘MadHatter’ Hochgärtel as the Bot Master, and Michael ‘NjamNjam’ Herwig as a Developer. AmityCoin is made possible by the TurtleCoin Project and welcomes donations to support the project’s development.
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