Bitcoin Forum

Aten Black Gold Coin (short form: Aten Coin or Black Gold Coin) is a cryptocurrency introduced by The National Aten Coin (NAC) Foundation. It is named after the hypothetical precious metal Aten, which reflects visions of the Aten Coin development team on the Next Generation Cryptocurrency. Aten has a black shiny appearance. Its value is at least 1000 times that of gold. That's why Aten Coin is also called 'Black Gold' coin (ATENC).
Furthermore, Aten Coin is also a secure and fast P2P cryptocurrency transaction network for daily convenient use of ATENC in buying things in real life.

Last but not least, while maintaining privacy of customers, the NAC utilizes proprietary techniques to verify ownership of coin holders, secure and monitor transactions, trace and track identities of senders and receivers, keep recordkeeping efforts transparent, protect coins from theft. The Aten “Black Gold” Coin is compliant with the: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act. NAC has copyrights of the privately regulated public blockchain technology and the personal identity-linked credential authentication protocol to Aten Coin; the rights were confirmed with filing source code for atencoin with US Copyright Office on July 6th, 2015. Under United States copyright law, NAC Foundation’s copyrights have been in effect since the date that NAC Foundation copyrighted source code was created. Moreover, NAC Foundation, Inc. has filed for the patent with European Patent Office in February 2015.


Official Websites
Aten Coin: www.AtenCoin.com (http://www.atencoin.com)
AtenPay: www.AtenPay.com (http://www.atenpay.com)
AtenWallet: www.AtenWallet.com (http://www.AtenWallet.com)

Key Members of the NAC Foundation
Marcus Andrade, known as Monex, an Oil & Gas Financer. He is also an experienced Oil and Gas Production Operator  - CEO of the NAC Foundation
Scitoshi - Honorary board member

Aten Coin Youtube Channel
https://www.youtube.com/channel/UCCSljkqXbXkIgijb___MzRQ/videos (https://www.youtube.com/channel/UCCSljkqXbXkIgijb___MzRQ/videos)

Aten Coin Facebook
https://www.facebook.com/Atencoin/timeline/ (https://www.facebook.com/Atencoin/timeline/)

Aten Coin Twitter
https://twitter.com/BlackGoldCoin (https://twitter.com/BlackGoldCoin)

Aten Coin Unit:
atencoin (plural atencoins)

Aten Coin Abbreviation:
ATENC (ATEN BLACK GOLD COIN)

Aten Coin Symbol:
https://i.imgur.com/qnVy3Ss.png

Information About the Hypothetical Precious Metal ATEN:
http://atencoin.com/aten.html (http://atencoin.com/aten.html)

Missions of Aten Coin Project
1. A Cryptocurrency Supported Up by Oil and Gas Industry
© 2014-2015.  NAC Foundation, LLC All Rights Reserved. The National Aten Coin Foundation has developed the Aten “Black Gold” Coin. Black Gold Coin International, Inc. is a promotions and marketing company. Black Gold Coin International is responsible for helping to promote Aten Coin’s. Black Gold Coin International has invested and will continue to invest in oil and gas companies as long as an Aten Coin Proceeds Agreement is signed. Aten Coin Holders do not participate in these oil and gas profits. Aten Coin has no underlying collateral. Contractively, Black Gold Coin International’s Funding Agreements with their oil and gas partners provide for the oil and gas companies to fund Black Gold Coin International’s monthly profits in atencoins.

2. A Cryptocurrency for Daily Use
We plan to establish connections with various dealers, suppliers and shops. In the near future, people can use our atencoin to buy things in real life, including online games, meat and petroleum.
Black Gold Coin International partners with SWC Group in Warsaw, Poland to create an Aten Coin processing platform. AtenPay provides a user-friendly one-stop solution for people to acquire Aten Coins and for commercial companies to receive payment in Aten Coins. For more information, please visit: ww.AtenPay.com (http://ww.AtenPay.com).

3. An Inflation Resistant Cryptocurrency
Our unique cryptofinancial model provides a novel solution to fight against inflation.
Black Gold Coin International, Inc. is an Aten Coin Promotion Company. NAC and Black Gold Coin International are two separate entities. Proceeds from the promotion company Black Gold Coin International will not be shared with Aten Coin Holders. Aten Coin does not have any underlying collateral. One important promotion campaign of Black Gold Coin International is collaborating with stakeholders in Oil and Gas Industry on Oil and Gas production. Black Gold Coin International has invested and will continue to invest in oil and gas projects as long as an Aten Coin Proceeds Agreement is signed. Aten Coin Holders do not participate in these oil and gas project profits. Aten Coin's Funding Agreements with their oil and gas partners provide for the oil and gas companies to share profits with Black Gold Coin International in Aten Coin. The amounts paid in Aten Coin to Black Gold Coin International will be obtained by the oil and gas partners from the exchanges. These ongoing coin purchases should enhance the market, since the goal of Black Gold Coin International is to always have a buyer in the market place. Except for paying U.S. income taxes due from these oil and gas proceeds, Black Gold Coin International plans to hold these coins in the company treasury. [Disclaimer] NAC, Black Gold Coin International and their current and future associated companies do not have any obligation to purchase Aten Coin from the Aten Coin Holders. NAC, Black Gold Coin International and their current and future associated companies should not be relied upon to be a source of liquidity for Aten Coin Holders and Aten Coin Holders’ atencoins.

4. An Anti-Money Laundering Cryptocurrency
New features being implemented to make Aten Coin be a Anti-Money Laundering (AML) Cryptocurrency. For details, you can read this BitcoinTalk thread
https://bitcointalk.org/index.php?topic=1207514.0 (https://bitcointalk.org/index.php?topic=1207514.0)

Where and How to obtain Aten Coin
People can purchase Aten Coin by going to AtenPay.com now.

Specifications
Total supply: 26 million ATENC

Encryption algorithm:   X11
Max. coin supply:     26,000,000 ATENC
Block generation time:   64 sec (average)
PoW:                   Block 1 (super block), 24,000,000 ATENC [already generated by NAC foundation]
Block reward:   2 and 5000 (the last PoW block); 0.01 ATENC per block [already generated by NAC foundation]
PoS:                  BlackCoin PoS 2.0, Starting from block 5001 (the first 100% PoS block); 0.3% compound annual interest [minimum stake age: 8 hours]
Transaction fee:   0.1 mATENC (0.0001 ATENC) per thousand bytes
Number of transaction confirmation   :       6
Number of mined block confirmation:     240
Source code:   available 6 months after ANXPro starts AtenCoin Exchange
Unique features:   A proprietary Identity-linked Credential Authentication Protocol for KYC/AML compliance, anti-terrorist financing and theft resistance. For details, you can read this BitcoinTalk thread
https://bitcointalk.org/index.php?topic=1207514.0 (https://bitcointalk.org/index.php?topic=1207514.0)


Contacts
Media inquires:
NAC
Marcus Andrade, 1-702-515-4038
Founder
press@atencoin.com
or
ANX
Jess Chan, 1-852-2892-2689
Marketing Manager
marketing@anxintl.com
or
SWC Group
Agnieszka Cenzartowicz, 0048 607041276
Senior Partner
acenzartowicz@swclaw.pl
or
AtenPay SA
Agnieszka Bilinska, 0048 601441340
Supervisory Board Member
abilinska@atenpay.com


Press Release on 15 Oct 2015
NAC Foundation Announces Proprietary Core Technology of Aten "Black Gold" Coin
Privately Regulated Public Blockchain Achieves Anti-Money Laundering, Anti-Terrorist Financing and Anti-Theft Goals

Privately Regulated Public Blockchain Technology of Aten Coin: The 4th Type of Blockchain
The blockchain of Bitcoin is considered to be a "public blockchain". Anyone in the world can read, modify and verify it. No one can own and control the blockchain. Anyone can freely create bitcoin addresses and freely use their addresses to receive and send bitcoins. Recently there have been a lot of discussions about how to modify and make use of the Bitcoin's blockchain technology. For example, The Bank of England has said that central banks are looking at ways to implement "hybrid systems" involving distributed ledger technology of the type currently used to record bitcoin transactions. Besides "public blockchain", the concepts of "private blockchain" and "consortium blockchain" have appeared. In such concepts, the blockchains will be solely controlled by either a private entity or a group of private entities. However, such concepts totally opposite the concept of decentralized banking. To tackle with the issues of criminal uses and terrorist financing, NAC has invented a method (EU patent pending and U.S. copyright protected) that allows people to trace and track identities senders and receivers of a cryptocurrency when necessary. This invention involves a "privately-regulated public blockchain", which is a novel concept and can be considered as the 4th type of the blockchain technology. Anyone in the world can read the Aten Coin blockchain and participate in transaction verification and Aten Coin mining. Aten Coin is only regulated when it comes to KYC/AML compliance and anti-terrorist compliance. The major advantage of NAC's novel blockchain technology is that the key decentralized banking concept of Bitcoin is being maintained, while Aten Coin can overcome the major shortcomings of the Bitcoin protocol.

Aten Coin's Identity-Linked, Credential Authentication Protocol
One the basis of a privately-regulated public blockchain, NAC has built a personal identity-linked credential authentication protocol into the source code of Aten Coin. The protocol involves an integration of three major processes, including personal identity verification, credential authentication and a two-party signature scheme. A regulation system is introduced at the blockchain level in the way that (i) all Aten Coin addresses must be multisignature addresses comprising of a pair of public key and private key from NAC and at least one pair of public key and private key from an Aten Coin user, and (ii) all Aten Coin addresses can only be created by people whom have got an authorization from NAC. Furthermore, (iii) without NAC's authorization, no one can use any Aten Coin addresses to send any atencoins that are recorded (stored) at the Aten Coin addresses. In order to obtain authorization from NAC, all Aten Coin Users must register as an Aten Coin User in the NAC's systems, and in the process of registration all potential Aten Coin Users must provide valid document to disclose their legal identities.

For details, you could visiting the following press release from NAC
http://www.prnewswire.com/news-releases/nac-foundation-announces-proprietary-core-technology-of-aten-black-gold-coin-300160276.html (http://www.prnewswire.com/news-releases/nac-foundation-announces-proprietary-core-technology-of-aten-black-gold-coin-300160276.html).


Press Release on 21 Sept 2015
AtenPay, SA and ANX Pro Jointly Launch The Aten Coin Exchange

Individual and merchant accounts are now available for NAC Foundation's Aten "Black Gold" Coin, the 1st KYC/AML Compliant Cryptocurrency. The 100% compliant cyber currency is quickly revolutionizing the digital exchange market. Individuals wishing to purchase and sell coins simply need to visit AtenPay.com select "Individual User" and then register for a free account. Individual accounts are available from AtenPay through collaboration with the most distinguished online trading platform in the world, ANXPro.com. Merchants wishing to start accepting Aten Coins begin the free account sign up process at AtenPay.com by clicking on the "Merchant Account" tab.

National Aten Coin Foundation (NAC) is a service member of the American Bank Association (ABA) and compliant with the following agencies: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act.

NAC Foundation's clients will have exclusive access to ANXPRO's simple and user friendly UI, consolidated shared order book for blended multi-currency settlement, real time FX pricing, deposit options, and risk management and trading tools. The Aten "Black Gold" Coin will be available in all fiat currencies, including USD, EUR, HKD, AUD, CAD, JPY, SGD, GBP, NZD and CHF.

For details, you could visiting the following press release from NAC
http://www.prnewswire.com/news-releases/atenpay-sa-and-anx-pro-jointly-launch-the-aten-coin-exchange-300146076.html (http://www.prnewswire.com/news-releases/atenpay-sa-and-anx-pro-jointly-launch-the-aten-coin-exchange-300146076.html)
You could also visit www.atenpay.com (http://www.atenpay.com).


Press Release on 3 July 2015
Pioneering Aten ”Black Gold” Coin to Offer New Patented Digital Wallets

Towards the middle of August 2015, the National Aten Coin’s groundbreaking new cryptocurrency, the Aten “Black Gold” Coin and its patented pending digital wallets will be available. Collaboration agreements with governmental entities in the European Union has resulted in NAC adding in additional features to the Aten “Black Gold” Coin to fulfill their requirements. All newly required features, as well as beta testing will be completed prior to the new launch date.

The Aten “Black Gold" Coin can be purchased through collaboration between AtenPay, SA and ANXPro, one of the globe’s most revered online trading platforms. The Aten “Black Gold” Coin will be available in all fiat currencies including, USD, EUR, GBP, etc. NAC clients will have exclusive access to ANXPRO’s simple and user friendly UI, consolidated shared order book for blended multi-currency settlement, real time FX pricing, deposit options, and risk management and trading tools.

NAC’s new digital wallets are patented (pending) in the EU and copyright (pending) in US. The digital wallet will make the transfer and storing of the Aten “Black Gold” Coin even more secure and convenient for clients, who can access their accounts on a desktop computer and very soon via smartphones and tablets. NAC will be able to quickly verify the wallet and its user through a pseudonymous system. All transactions are monitored through an extremely stringent authentication protocol.

For details, you could visiting the following Reuters article
http://www.reuters.com/article/2015/07/03/nv-national-aten-coin-idUSnBw035323a+100+BSW20150703 (http://www.reuters.com/article/2015/07/03/nv-national-aten-coin-idUSnBw035323a+100+BSW20150703)


Press Release on 23 March 2015
National Aten Coin Foundation Accepted Into ABA - Prestigious Membership Further Aligns Aten “Black Gold” Coin with Top Regulatory Agencies

National Aten Coin (NAC), creator of the Aten “Black Gold” Coin, a revolutionary new form of electronic currency, was recently accepted into the American Bankers Association (ABA). The ABA, which is the hub for the $15 trillion United States banking industry, welcomed NAC into its organization as a Platinum Service Member. This means NAC will join a prestigious group of small, regional and large banks, for which the ABA currently helps safeguard $11 trillion in deposits and more than $8 trillion in loans.

After the ABA’s acceptance and recent agreement with ANXPRO Exchange, NAC’s Founder, Marcus Andrade, believes his company is well prepared to be the new industry leader for cryptocurrency. He said the NAC system is absolutely unique to any digital currency currently on the market.

“While upholding the complete privacy of our customers,” said Andrade, “we are able to verify ownership of coin holders, secure and monitor transactions, trace and track identities of senders and receivers, keep recordkeeping efforts transparent, protect coins from theft, maintain liquidity and stabilize value.”

In the past, many have assumed that banks were against digital currencies, but NAC is helping to eradicate that perspective through its commitment to regulatory practices. In fact, NAC’s Aten “Black Gold” Coin is 100% compliant with the following: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), regulations of Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act.

For details, you could visiting the following Yahoo Finance article
http://finance.yahoo.com/news/national-aten-coin-foundation-accepted-130000099.html (http://finance.yahoo.com/news/national-aten-coin-foundation-accepted-130000099.html)


Press Release on 27 Jan 2015
ANXPRO Exchange To Include Aten “Black Gold” Coin In 2015

For National Aten Coin’s (NAC) Aten “Black Gold” Coin, 2015 is already a spectacular year. The company’s revolutionary new coin will soon become available through ANXPRO, a globally recognized platform that enables the purchase and sale of cryptocurrencies in all major fiat currencies (USD, EUR, HKD, AUD, CAD, JPY, SGD, GBP, NZD and CHF). NAC’s clients will have immediate access to ANXPRO’s simple and user friendly UI, consolidated shared order book for blended multi-currency settlement, real time FX pricing, deposit options, and risk management and trading tools.

Founder of NAC, Marcus Andrade knows that his company’s strong commitment to the development of a proprietary Anti-Money Laundering (AML) control system is the reason for its recent success. The Aten “Black Gold” Coin is 100% compliant with all regulatory agencies.

“We have taken a huge leap forward in the digital currency arena with the Aten “Black Gold” Coin,” said Andrade. “Our incredibly accurate cryptography techniques secure communications, track customer identities and keep recordkeeping efforts transparent. We are extremely pleased that the Coin’s unique value is being recognized by ANXPRO,” he said.

Ken Lo, CEO and Co-founder of ANX, has extensive international experience in regional compliance, risk, governance, and regulations. His company is one of the world's best crypto-currency trading platforms. ANXPRO.COM offers a 24-hour online exchange and automated matching orders between registered members.

According to Lo, the ANXPRO platform was designed for optimum security. The company monitors physical intrusion, exhaustively background checks its staff members, uses cold storage of coins and manual processing of all withdrawal requests. ANXPRO carefully assesses security threats, like social engineering, phishing, and remote zero day exploits.

For details, you could visiting the following Yahoo Finance article:
http://finance.yahoo.com/news/anxpro-exchange-aten-black-gold-023500420.html (http://finance.yahoo.com/news/anxpro-exchange-aten-black-gold-023500420.html)


Press Release on 25 Nov 2014
AtenCoin Market Opens with Success of Taylor 1 Oil & Gas Well

The NAC is pleased to announce that the Taylor 1 Oil & Gas Well has hit. Drilling of the Taylor 1 commenced in mid-September, 2014 and has quickly proven to be the booming asset sought in support of the Aten Coin Market. "According to Tahoe Oil and Gas, we are expecting to have about 5 Pay Zones," Says Marcus Andrade, NAC's Founder. "We are excited because the Market for AtenCoin has finally started."

NAC announces the termination of Johnson 1 Oil & Gas Well drilling since the Well's recent miss. Drilling of the Johnson 1 began in early August, 2014. Tahoe announces that after extensive study and thought, it has been determined that any further pursuit to find commercial hydrocarbons in the Johnson 1 be canceled as it would only incur greater loss.

Determined to help grow the Aten Coin market, Black Gold Coin International, Inc. will be taking part in the drilling of the Eureka Prospect, which is scheduled to commence in December 2014 in Iberville Parish, Louisiana.
http://www.einpresswire.com/article/236524002/digital-cryptocurrency-atencoin-releases-official-update-in-tahoe-oil-gas-investment (http://www.einpresswire.com/article/236524002/digital-cryptocurrency-atencoin-releases-official-update-in-tahoe-oil-gas-investment)


Press Release on 4 Sept 2014
An update from the managing venture partner, Tahoe Oil and Gas of Houston, Texas, on the drilling of their Johnson 1 well in the South Sugar Valley Prospect in Matagorda County, Texas.

“The work on the Johnson 1 well has begun and its completion is expected next month,” said Tahoe’s Managing Director Jerrell Clay. “The drilling of the second well, Taylor 1, will occur immediately following the logging of the Johnson 1 well."
http://www.reuters.com/article/2014/09/04/tx-national-aten-coin-idUSnBw046362a+100+BSW20140904 (http://www.reuters.com/article/2014/09/04/tx-national-aten-coin-idUSnBw046362a+100+BSW20140904)


Press Release on 29 May 2014
Announcement of NAC Foundtion's participation in an oil and natural gas multi-well project that begins drilling in Southern Louisiana on August 15, 2014.
This transaction is unique as the joint venture’s managing venture partner, Tahoe Oil and Gas of Houston, plans to distribute proceeds from this oil and gas project in the Aten Black Gold Coin virtual currency, as well as U.S. Dollars.

Tahoe Managing Director: Jerrell Clay
http://www.businesswire.com/news/home/20140529005293/en/National-Aten-Coin-Acquires-Participation-Oil-Gas#.VbHHn_mqqko (http://www.businesswire.com/news/home/20140529005293/en/National-Aten-Coin-Acquires-Participation-Oil-Gas#.VbHHn_mqqko)

sounds good,do you need chinese transaltion?I would like do that :)

[ATENC] Aten Black Gold Coin | Participation in Oil and Gas Property | Press Release | 29 May 2014

https://bitcointalk.org/index.php?topic=631443.msg7027380#msg7027380 (https://bitcointalk.org/index.php?topic=631443.msg7027380#msg7027380)

http://finance.yahoo.com/news/national-aten-coin-acquires-participation-123800480.html (http://finance.yahoo.com/news/national-aten-coin-acquires-participation-123800480.html)

HOUSTON--(BUSINESS WIRE)--

National Aten Coin (creator of the Aten Black Gold Coin digital virtual currency) announced today its participation in an oil and natural gas multi-well project that begins drilling in Southern Louisiana on August 15, 2014.

This transaction is unique as the joint venture’s managing venture partner, Tahoe Oil and Gas of Houston, plans to distribute proceeds from this oil and gas project in the Aten Black Gold Coin virtual currency, as well as U.S. Dollars. For those that are unfamiliar with virtual currencies, Aten Black Gold Coin is a recent entry into the explosive market of electronic money. The current largest distributor of cryptocurrency is Bitcoin, which was introduced to the market in 2009.

Tahoe Oil and Gas understands the need to adjust to 21st century technology.

“We know that virtual currencies are somewhat new and that when technology changes for the better, you must embrace and change,” said Tahoe Managing Director Jerrell Clay. “The same holds true for updating equipment and knowhow in the oil field.”

NATIONAL ATEN COIN has entered investment discussions with other oil and gas production companies that operate in Texas, Louisiana, Kansas and Oklahoma.

“We believe it is the right time to focus on the strong U.S. energy markets and NATIONAL ATEN COIN anticipates continued investments in oil and gas prospects for many years to come,” Aten Coin’s Managing Member, Richard Gray said.

About NATIONAL ATEN COIN

NATIONAL ATEN COIN is the creator of the Aten Black Gold Coin, which is a form of money (virtual and electronic) that uses cryptography (techniques used to secure communications) to control and manage its currency. Aten Coin utilizes a peer-to-peer electronic cash system to generate electronic transactions without relying on trust. NATIONAL ATEN COIN is located in Houston, Texas, U.S.A. For more information visit: http://AtenCoin.com.


Contact:
National Aten Coin Press Office
702-515-4038
press@atencoin.com

the project i've seen before about 2month ago .

did you copy from it?

This is an update from the same team and posted by the same person, i.e. me. We just Pre-ANN again after we have made a press release on our joint venture with Tahoe Oil and Gas of Houston. Please see the above post for the press release.
https://bitcointalk.org/index.php?topic=631453.msg7027937#msg7027937 (https://bitcointalk.org/index.php?topic=631453.msg7027937#msg7027937)
 

whats the innovation？ ???

how does one apply/take part in it ?

Good idea, good items, waiting to continue to update!

do you need japanese transaltion?I would like do that ,lol

I tried to follow this coin launch a few months ago. So there is a launch revival happening now?

Nice coin.  I will be watching.  Can you make the algorithm X13 or Groestl and POW/POS with 3% inflation.  This coins value will skyrocket.  

Innovation?

In Phase 1, we are not aiming at creating a new coin with innovative cryptocoin technologies. Our innovation is our business model. Indeed I should not say innovation. I should say we provide a "solution".

Bitcoin as well as other alternate cryptocurrencies are not backed by real assets. The values of current cryptocurrencies can be considered as perceived values. When people lose confidence on a cryptocoin, its value can vanish overnight.

With our unique relationships in oil and gas industry and unique combination of backgrounds, we are able to provide a practical solution to this fundamental problem (i.e. perceived value) of cryptcurrencies. We use the revenue from our oil and gas production project to back the value of Aten Coin.    

There are still a lot of discussions going on in the NAC Foundation about how we can use the revenue from our oil and gas production project to back the value of Aten Coin.  Even we have revenue from the project. We still need a good method or business model to support the value of Aten Coin. I believe that we should be able to come up to a final business model within a week.

In Phase 2, we will focus on improving the cryptocurrency technologies of Aten Coin, so that it can meet the future need. Of course, future is future. We should focus on what we should do at this moment.

You really can't imagine how much time NAC Foundation has spent to raise sufficient fund and seek for join venture partner to pursue the oil and gas production project.

It is not easy to start a real business, especially investing in oil and gas production.  

If you demand from your oil and gas customers that they pay you in BGC then that will drive up the value of this coin.  Of course the coins should be listed in an exchange first.

If these coins are backed by oil & gas, then will I be able to cash in my coins for a tank of gas?

Good question. This is one of our proposed methods in discussion. However, crude oil produced by our oil and gas production project cannot be sold to normal people directly. The crude oil from our oil wells have to directly go to refinery first. Then it is more complicated than normal people can think of.

I will update Bitcointalk members here once NAC Foundation has decided how to link the value of AtenCoin to oil and gas being produced.

launch time？

Hopefully, we could officially launch it by the end of this month (June) or in next month (July).

The better question would be is if I can use the coins to buy futures in barrels of crude. If not then the partnership is somewhat fruitless and superficial.



Also it's august, what is going on with this coin. The last true update was in may, and now you seem to be a month behind on the launch.

@Scitoshi ,do you want to be satoshi?  ???

National Aten Coin’s Update: Investment in Oil and Gas Properties (Thu Sep 4, 2014 4:33pm EDT)

Proceeds from Oil and Gas Investments to be paid in Virtual Currency

http://www.reuters.com/article/2014/09/04/tx-national-aten-coin-idUSnBw046362a+100+BSW20140904 (http://www.reuters.com/article/2014/09/04/tx-national-aten-coin-idUSnBw046362a+100+BSW20140904)

NAC (National Aten Coin), creator of the Aten Black Gold Coin digital virtual currency, today provided an update from the managing venture partner, Tahoe Oil and Gas of Houston, Texas, on the drilling of their Johnson 1 well in the South Sugar Valley Prospect in Matagorda County, Texas.

“The work on the Johnson 1 well has begun and its completion is expected next month,” said Tahoe’s Managing Director Jerrell Clay. “The drilling of the second well, Taylor 1, will occur immediately following the logging of the Johnson 1 well.”

This is NAC’s second oil and gas well investment. The company’s first oil and gas well investment is in The Eureka Prospect, which is located in Iberville Parish, Louisiana. The drilling of the Eureka well will commence in early December 2014.

Tahoe plans to distribute proceeds from these oil and gas projects in Aten Black Gold Coin virtual currency, as well as U.S. dollars. For those unfamiliar with virtual currencies, Aten Black Gold Coin is a recent entry into the explosive market of electronic money. The current largest distributor of cryptocurrency is Bitcoin, which was introduced to the market in 2009.

NAC has entered investment discussions with other oil and gas exploration & production companies that operate in Texas, Louisiana, Kansas and Oklahoma.

“As I’ve stated before, we believe now is the right time to focus on the strong U.S. energy markets and NAC anticipates continued investments in oil and gas prospects for many years to come,” NAC’s Managing Member, Richard Gray said.


About NATIONAL ATEN COIN

NAC is the creator of the Aten Black Gold Coin, which is a form of money (virtual and electronic) that uses cryptography (techniques used to secure communications) to control and manage its currency. NAC uses Anti Money Laundering (AML) control systems to manage customer identities and recordkeeping requirements. Additionally, NAC’s Proof-of-Stake v2 method secures peer-to-peer cryptocurrency (electronic cash system) transactions by verifying their coin holders’ ownership.

Yes. There have been a number of critical decisions being made in the NAC board. Finally, to make AtenCoin more resistant to 51% attack and to money laundering, we decided to make a number of changes that required much more time than expected. One work in progress is to incorporate PoS v2 developed by the BlackCoin team.

Hopefully, you can see our AtenCoin in one or more major exchange markets in Mid or late October this year. Let's keep the fingers crossed.

when is the launch is it ipo/mining

You can say it is a kind of IPO. Similar to NXT coin, people cannot mint. We expect investors obtain atencoins via our sales team or via our designated exchange markets (which are coming soon).

AtenCoin has a max. supply of 26 millions. 24 millions have been minted by NAC. The rest will be generated by PoS (v2 adopted from BlackCoin) at 0.3% yearly interest (compound).  

For the 24 million minted atencoins, we have already sold 3 million to the stake holders in the oil and gas industry, and should reach 4 million atencoin sales by Mid-October. With the money obtained from the current sales, we have already invested in two oil wells. More investments are forthcoming.

We hope that in Mid/late Oct, we could officially launch our Aten Coin by allowing people to purchase atencoins from our designed exchange markets.

Similar to NXT coin, people cannot mint, but can obtain more money by staking (PoS v2).

http://www.einpresswire.com/article/236524002/digital-cryptocurrency-atencoin-releases-official-update-in-tahoe-oil-gas-investment (http://www.einpresswire.com/article/236524002/digital-cryptocurrency-atencoin-releases-official-update-in-tahoe-oil-gas-investment)

Press Release on 25 Nov 2014

AtenCoin Market Opens with Success of Taylor 1 Oil & Gas Well

The NAC is pleased to announce that the Taylor 1 Oil & Gas Well has hit. Drilling of the Taylor 1 commenced in mid-September, 2014 and has quickly proven to be the booming asset sought in support of the Aten Coin Market. "According to Tahoe Oil and Gas, we are expecting to have about 5 Pay Zones," Says Marcus Andrade, NAC's Founder. "We are excited because the Market for AtenCoin has finally started."

NAC announces the termination of Johnson 1 Oil & Gas Well drilling since the Well's recent miss. Drilling of the Johnson 1 began in early August, 2014. Tahoe announces that after extensive study and thought, it has been determined that any further pursuit to find commercial hydrocarbons in the Johnson 1 be canceled as it would only incur greater loss.

Determined to help grow the Aten Coin market, Black Gold Coin International, Inc. will be taking part in the drilling of the Eureka Prospect, which is scheduled to commence in December 2014 in Iberville Parish, Louisiana.

http://cointelegraph.com/news/112899/real-threat-not-legislation-but-banks-themselves-inpay-ceo (http://cointelegraph.com/news/112899/real-threat-not-legislation-but-banks-themselves-inpay-ceo)

Cointelegraph Interview with InPay CEO Lech Wilczynski:

In: Real threat 'not legislation but banks themselves' - InPay CEO

Cointelegraph: Like many EU states, Bitcoin legislation is currently a very dynamic area in Poland. How is Inpay geared towards short-notice and potentially serious changes in the local legislative environment?

Lech: In Poland Bitcoin’s legal status is still not clear and we're lacking a proactive stance from the Polish Ministry of Finance, which is waiting for the European Commission’s ruling. That's why all Bitcoin related operations are handled by our UK branch for the time being. The real threat is not in legislation but in the way banks themselves will treat Bitcoin related companies.

They're still a mandatory element of infrastructure for payment processors. For that reason we plan to include NAC's Aten Black Gold Coin (www.atencoin.com) as another payment option, which by design uses Anti Money Laundering (AML) control systems to manage customer identities and record keeping requirements.

If banks will continue to force Bitcoin companies out of business, just like recently in Norway, this I believe will help to continue operations and still benefit from the decentralized nature of cryptocurrencies.

okay,
more where this information about a coin?
And how it will be distributed ??

You could visit www.atencoin.com for more information.

It has taken us about a year to develop the full features of AtenCoin as well as investing in oil wells.

At this moment, we are fine tuning and testing AML feature. Once it has been completed, we will officially launch AtenCoin.

Its maximum cap will be 26 millions. 24 millions are premined. 12 millions will be sold to public through a designated exchange market.

Photo of an AtenCoin Oil Well (taken in early October 2014)

https://i.imgur.com/iLlpg4P.png

We have changed our plan a bit. Instead of launching around June/July this year, we have decided to hold on, and wait until we complete our anti-money laundering (AML) system. You could say this is our innovation.

I am sure that nowadays more and more people aware of the importance of AML and KYC. Our AML system is also KYC compliance, but user friendly.  It is not possible for people to provide the his/her name and address while buying a cup of coffee with bitcoin. For Aten Coin, one can use it painlessly (i.e., without providing the his/her name and address at the time of spending).

I hope our AML system will be ready soon. Then we could launch Aten Coin asap.

Well, well! We are waiting!

This is such interesting project combining the production of oil and gas with cryptocurrency. I think many people are gonna like this adventure.
Is it true that it will launch for public participation in Januari? I've heard some rumour about this.

Could you tell anything about the wells that are currently being drilled? A little different from mining digits, this crypto is gonna be backed by real valuable commodity. Now the crowd that has been begging for gold backed currencies can make a choice. Max Keiser is gonna like this  :D

Thanks for showing interest in our Aten Coin.

For some information about our wells, please refer to our previous post. Here is the url.
https://bitcointalk.org/index.php?topic=631453.msg9659116#msg9659116 (https://bitcointalk.org/index.php?topic=631453.msg9659116#msg9659116)

Briefly, our Taylor 1 well is located in Sugar Valley Oil Field in Matagorda County, Texas. This is a very successful project. We have got good supply of crude oil.

"Gold backed currencies"...... Our team has been discussed about what makes us different from gold backed currencies as well as whether we should also include some gold reserves as an additional tool to stabilize the value of Aten Coin, but we haven't come up to any decision so far.

Creation of Continuous Demand of Aten Coin
I would like to say there is an additional benefit when we back Aten Coin by oil instead of gold. Gold is "static", unless one keeps trying to buying gold low and selling gold at higher price. Oil is dynamic. New oil is being produced everyday. Oil is also an consumable, while gold is not. We collaborate with oil well drilling companies to drill and sell crude oil & nature gas. Our collaborators will pay us part of the profit in Aten Coin. In such case, our collaborators need to purchase Aten Coin from the exchange market. As a result, there is a huge continuous demand for Aten Coin from the public (via the exchange markets).

Value of any items are governed by the law of demand & supply. You can foresee that when there is more demand and supply, the value of Aten Coin will quickly increase.  If one backs up a cryptocurrency by gold, such "creation of continuous demand" cannot be achieved as easily as we could.

AML Feature
Finally, I would like to say. Our team have been working very hard. We are finalizing the AML features of Aten Coin. Right.. we plan to launch in January.  By then, one can purchase Aten Coin from a designated exchange market. However, we wouldn't launch Aten Coin if our AML (anti-money laundering) feature is not ready.

Aten Coin - A Cryptocurrency being created with time & effort
It has been a long journey for creating Aten Coin. I remembered that I first met Marcus, Founder & CEO of National Aten Coin Foundation, in Dec 2013. We already spent one year from nothing to the current stage. We do not want to launch any cryptocurrency in rush. Instead, we want to launch a cryptocurrency which is solid. Similarly, we won't rush to launch Aten Coin now.

I hope that when Aten Coin is officially launched, everybody will say
"Hey! This is a new cryptocurrency going to change the whole cryptocurrency world! Aten Coin is a cryptocurrency that we must buy!".

I am terribly sorry for keeping your guys waiting.

I am pleased to announce that Aten Coin will be soon available in the ANXPro Exchange.

https://anxpro.com/ (https://anxpro.com/)

What are the technical coin specs?

PoW, Hybrid, PoS, ...?
Which algo do you use?
Max. supply?
Block reward/Staking intrest?

Although we have not yet officially announced this, it should be fine if I disclose its specifications here:

Aten Coin Specifications
Encryption algorithm:                            X11
Max. coin supply                                   26,000,000 ATENC
Block generation time                            64 sec (average)
   
PoW:   
Block 1 (super block)                           24,000,000 ATENC [already generated by NAC foundation]
Block reward:                                     2 and 5000 (the last PoW block); 0.01 ATENC per block [already generated by NAC foundation]
   
PoS   BlackCoin PoS 2.0                        Starting from 5001 (the first 100% PoS block);   0.3% compound annual interest [minimum stake age: 8 hours]
   
Transaction fee:                                  0.1 mATENC (0.0001 ATENC) per thousand bytes
Number of transaction confirmation        6
Number of mined block confirmation       240

Source code:                                      available 6 months after ANXPro starts AtenCoin Exchange

Unique features:                                 A Brand-New Built-in Anti-Money Laundering & Anti-Stealing System [details will be available when exchange starts]

About National Aten Coin and the Aten “Black Gold” Coin [AtenCoin]

Headquartered in Las Vegas, Nevada, National Aten Coin (NAC) is the creator of the Aten “Black Gold” Coin, a cryptocurrency (a form of electronic money) and its global payment transaction network. While maintaining privacy of customers, the NAC utilizes proprietary techniques to verify ownership of coin holders, secure and monitor transactions, trace and track identities of senders and receivers, keep recordkeeping efforts transparent, protect coins from stealing, maintain liquidity and stabilize value of the cryptocurrency.

The Aten “Black Gold” Coin is complaint with the:
Anti-Money Laundering (AML),
Counter Financing of Terrorism (CFT),
Anti-Fraud and Financial Crimes (AFF),
Office of Foreign Assets Control (OFAC),
Elder Abuse Reporting Act (EARA),
Bank Secrecy Act (BSA),
USA PATRIOT Act, and
FACT Act.

For more information please visit: http://AtenCoin.com (http://AtenCoin.com).

Here is a good article:

ANXPRO Exchange To Include Aten “Black Gold” Coin In 2015
http://www.cnbc.com/id/102368697

Here is another article in Digital Currency Magnates.

“Anti-Money Laundering Coin” to Become Available for Trade on ANXPRO
http://dcmagnates.com/anti-money-laundering-coin-to-become-available-for-trade-on-anxpro/ (http://dcmagnates.com/anti-money-laundering-coin-to-become-available-for-trade-on-anxpro/)

About ANX

Founded in June 2013, ANX has grown into one of the most used Bitcoin exchange platform worldwide. According to Bitcoin charts, ANX is the 6th largest Bitcoin Exchange in the world by volume. ANX is a pioneer and leader in the crypto-currencies industry. ANX’s achievements to date include introducing the world’s first physical Bitcoin retail store, the world's first Bitcoin Debit Card, the world’s first multi-currency online Bitcoin exchange platforms (ANXPRO.COM & ANXBTC.COM), the world’s 3rd Bitcoin ATM machine, and a full-featured ANX Vault mobile app for crypto currencies. ANX has recently acquired the Norwegian bitcoin exchange USTCOIN.COM to expand into the European market. ANX was one of the first firms specializing in crypto-currencies to be issued with a Money Services Operator (MSO) license and prides itself on its transparency and regulatory compliance. The founding partners have financial markets, management consulting, banking technology and compliance backgrounds.

For more information, please visit: www.anxintl.com (http://www.anxintl.com)

An encouraging article from Bitcoinist.Net about Aten Coin and ANX.

ANXPRO Announces New Altcoin Pairing and Strengthens American Footprint

http://bitcoinist.net/anxpro-announces-new-altcoin-pairing-strengthens-american-footprint/ (http://bitcoinist.net/anxpro-announces-new-altcoin-pairing-strengthens-american-footprint/)

Atencoin was mentioned by BitcoinRush ep35. Item on 3.18, mention at 4.00
https://www.youtube.com/watch?v=YXSHdWvnyNc

Time to let everyone know

Meanwhile National Atencoin Foundation is accepted into American Bankers Association

LAS VEGAS--(BUSINESS WIRE)--

National Aten Coin (NAC), creator of the Aten “Black Gold” Coin, a revolutionary new form of electronic currency, was recently accepted into the American Bankers Association (ABA). The ABA, which is the hub for the $15 trillion United States banking industry, welcomed NAC into its organization as a Platinum Service Member. This means NAC will join a prestigious group of small, regional and large banks, for which the ABA currently helps safeguard $11 trillion in deposits and more than $8 trillion in loans.

Read more:
http://finance.yahoo.com/news/national-aten-coin-foundation-accepted-130000099.html

https://i.imgur.com/8gyiDqL.gif

Aten “Black Gold” Coin Available From AtenPay, SA; Via ANXPRO on Aug 15th, 2015

100% AML/KYC Compliant New Electronic Currency Revolutionizes the Market

In just under 40 days, National Aten Coin’s groundbreaking new cryptocurrency will be available from AtenPay, SA; a Warsaw, Poland based company. The Aten “Black Gold" Coin can be purchased through collaborative efforts between AtenPay, SA and ANXPRO, one of the globe’s most revered online trading platforms. The Aten “Black Gold” Coin will be available in all fiat currencies including, USD, EUR, HKD, AUD, CAD, JPY, SGD, GBP, NZD and CHF. NAC clients will have immediate access to ANXPRO’s simple and user friendly UI, consolidated shared order book for blended multi-currency settlement, real time FX pricing, deposit options, and risk management and trading tools.

National Aten Coin Foundation (NAC) is a service member of the American Bank Association (ABA) and compliant with the following agencies: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act.

BGC International Inc. (BGCI) is an Aten "Black Gold' Coin promotion company. BGCI's main goal is to promote the use of Aten Coin worldwide. BGCI invests in various ventures such as oil and gas production projects while requiring the profits to be paid back to BGCI in Aten Coins. This helps to perpetuate the Aten Coin Market.

BGCI partners with SWC Group in Warsaw, Poland to create an Aten Coin processing platform. AtenPay provides a user-friendly one-stop solution for people to acquire Aten Coins and for commercial companies to receive payment in Aten Coins. For more information, please visit: www.AtenPay.com.

Founder of NAC, Marcus Andrade is excited for the inaugural month of the Aten “Black Gold” Coin.

“All of our hard work is finally coming to fruition,” said Andrade. “The NAC team is very proud to put this incredible new coin in the digital currency market. We set our bar very high and feel that our goals have not only been met for the Aten “Black Gold” Coin, but exceeded,” he said.

Unique Features of the Aten “Black Gold” Coin

AML & KYC: Aten Coin is the first cryptocurrency that is designed to fulfill AML and Know Your Customer (KYC) requirements.
Theft-Resistant: Bitcoin as well as other cryptocurrencies are susceptible to stealing by hackers, who are unidentifiable. However, Aten Coin is the first cryptocurrency that allows the tracing of real identities in the event theft occurs. This makes Aten Coin theft-resistant.
Non-volatile Value & Liquidity: Volatile value is one of the key issues of Bitcoin and many other cryptocurrencies. NAC’s partner company, BGC International, Inc., is creating a constant demand of Aten Coins through joint ventures with oil and gas production companies. Over 50% of the investment profits will be paid in Aten Coin to create a continuous demand of Aten Coin and maintain a stable value of Aten Coin.
Fast: Transaction of Aten Coin is 9.4 times faster than Bitcoin.
Secure: Aten Coin is a highly secure cryptocurrency that uses multiple rounds of 11 different cryptographic hashes, thus making it one of the safest and sophisticated modern cryptocurrencies. In contrast, Bitcoin only uses a single round of double SHA-256 hashes.
Usability: Shops can easily accept Aten Coin payment by using our AtenPay services. In the near future, people will be able to use the Aten Coin to buy things in real life, e.g., a cup of coffee, online games, meat, petroleum, etc.

Ken Lo, CEO and Co-founder of ANXPRO, is looking forward to offering the Aten “Black Gold” Coin on his company’s trading platform. Lo said NAC’s commitment to compliance and transparency created a natural fit for the company.

“NAC and ANXPRO operate from the same level of respect for regulatory practices in the electronic currency market,” said Lo. “We both utilize topnotch security methods, and employ the most state-of-the-art anti-money laundering control systems available today,” said Lo.

About National Aten Coin and the Aten “Black Gold” Coin

Headquartered in Las Vegas, Nevada, National Aten Coin (NAC) is the creator of the Aten “Black Gold” Coin, a cryptocurrency (a form of electronic money) and its global payment transaction network. While maintaining privacy of customers, the NAC utilizes proprietary techniques to verify ownership of coin holders, secure and monitor transactions, trace and track identities of senders and receivers, keep recordkeeping efforts transparent, protect coins from stealing, maintain liquidity and stabilize value of the cryptocurrency. The Aten “Black Gold” Coin is compliant with the: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Elder Abuse Reporting Act (EARA), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act.

For more information please visit: http://AtenCoin.com.

About ANX

Founded in June 2013, ANX has grown into one of the most used Bitcoin exchange platforms worldwide. ANX is one of the largest and most diverse Bitcoin exchanges in the world. It is a pioneer and leader in the crypto-currencies industry. ANX’s achievements to date include introducing the world’s first multi-currency online Bitcoin exchange platforms (ANXPRO.COM & ANXBTC.COM), the world’s 3rd Bitcoin ATM machine, and a full-featured ANX Vault mobile app for crypto-currencies. ANX recently acquired troubled Bitcoin exchanges Norwegian based JUSTCOIN.COM and US based COINMKT.COM to expand into the European and North American markets. ANX was one of the first firms specializing in crypto-currencies to be issued with a Money Service Operator (MSO) license and prides itself on its transparency and regulatory compliance. The founding partners have financial markets, management consulting, banking technology, and compliance backgrounds.

For more information, please visit: http://www.anxintl.com


View source version on businesswire.com: http://www.businesswire.com/news/home/20150525005114/en/

Pioneering Aten ”Black Gold” Coin to Offer New Patented Digital Wallets

NAC Announces August 15, 2015 Launch Date of 100% AML/KYC Compliant Coin

LAS VEGAS--(BUSINESS WIRE (http://www.businesswire.com/news/home/20150703005323/en/Pioneering-Aten-%E2%80%9DBlack-Gold%E2%80%9D-Coin-Offer-Patented#.VZcHEvlViko))- Towards the middle of August 2015, the National Aten Coin’s groundbreaking new cryptocurrency, the Aten “Black Gold” Coin and its patented pending digital wallets will be available. Collaboration agreements with governmental entities in the European Union has resulted in NAC adding in additional features to the Aten “Black Gold” Coin to fulfill their requirements. All newly required features, as well as beta testing will be completed prior to the new launch date.

The Aten “Black Gold" Coin can be purchased through collaboration between AtenPay, SA and ANXPro, one of the globe’s most revered online trading platforms. The Aten “Black Gold” Coin will be available in all fiat currencies including, USD, EUR, HKD, AUD, CAD, JPY, SGD, GBP, NZD and CHF. NAC clients will have exclusive access to ANXPRO’s simple and user friendly UI, consolidated shared order book for blended multi-currency settlement, real time FX pricing, deposit options, and risk management and trading tools.

NAC’s new digital wallets are patented (pending) in the EU and copyright (pending) in US. Inventor Marcus Andrade (Founder of NAC) is very excited about this new development. The digital wallet will make the transfer and storing of the Aten “Black Gold” Coin even more secure and convenient for clients, who can access their accounts on a desktop computer and very soon via smartphones and tablets. NAC will be able to quickly verify the wallet and its user through a pseudonymous system. All transactions are monitored through an extremely stringent authentication protocol.

Unlike Bitcoin, whose wallets identify illegal activities at institution level, but not down to an individual person, NAC’s wallet will provide complete user transparency through a unique multi-signature authentication system.

“Nothing in the current electronic currency market comes close to our patented digital wallets,” said Andrade. “We have created such a unique product here; the levels of encryption result in a highly vetted, safe, theft-resistant, product that is very easy to use from anywhere in the world,” he said.

Unique Features of the Aten “Black Gold” Coin

Compliance: National Aten Coin Foundation is a service member of the American Bank Association (ABA) and compliant with the following agencies: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act.
AML & KYC: Aten Coin is the first cryptocurrency that is designed to fulfill AML and Know Your Customer (KYC) requirements.
Theft-Resistant: Bitcoin as well as other cryptocurrencies are susceptible to stealing by hackers, who are unidentifiable. However, Aten Coin is the first cryptocurrency that allows the tracing of real identities in the event theft occurs. This makes Aten Coin theft-resistant.
Non-volatile Value & Liquidity: Volatile value is one of the key issues of Bitcoin and many other cryptocurrencies. In view of this, NAC’s partner company, BGC International, Inc., is creating a constant demand of Aten Coins through joint venture with oil and gas production companies on oil and gas well investments. Over 50% of the investment profits will be paid in Aten Coin to create a continuous demand of Aten Coin and maintain a stable value of Aten Coin.
Fast: Transaction of Aten Coin is 9.4 times faster than Bitcoin.
Secure: Aten Coin is a highly secure cryptocurrency that uses multiple rounds of 11 different cryptographic hashes, thus making it one of the safest and sophisticated modern cryptocurrencies. In contrast, Bitcoin only uses a single round of double SHA-256 hashes.
Usability: Shops can easily accept Aten Coin payment by using our AtenPay services. In the near future, people will be able to use the Aten Coin to buy things in real life, e.g., a cup of coffee, online games, meat, petroleum, etc.

Aten "Black Gold' Coin’s Promotion Division and the AtenPay Payment Platform

BGC International Inc. (BGCI) is an Aten "Black Gold' Coin promotion company. BGCI's main goal is to promote use of Aten Coin worldwide. BGCI invests in various ventures such as oil and gas production projects while requiring the profits to be paid back to BGCI in Aten Coins. This helps to perpetuate the Aten Coin Market.

BGCI partners with SWC Law Group in Warsaw, Poland to create the AtenPay payment platform. AtenPay provides a user-friendly one-stop solution for people to acquire Aten Coins and for commercial companies to receive payment in Aten Coins. For more information, please visit: www.AtenPay.com.

About National Aten Coin and the Aten “Black Gold” Coin

Headquartered in Las Vegas, Nevada, National Aten Coin (NAC) is the creator of the Aten “Black Gold” Coin, a cryptocurrency (a form of electronic money) and its global payment transaction network. While maintaining privacy of customers, the NAC utilizes proprietary techniques to verify ownership of coin holders, secure and monitor transactions, trace and track identities of senders and receivers, keep recordkeeping efforts transparent, protect coins from stealing, maintain liquidity and stabilize value of the cryptocurrency. The Aten “Black Gold” Coin is compliant with the: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Elder Abuse Reporting Act (EARA), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act.

For more information please visit: http://AtenCoin.com.

About ANX

Founded in June 2013, ANX has grown into one of the most used Bitcoin exchange platform worldwide. According to Bitcoin charts, ANX is the 6th largest Bitcoin Exchange in the world by volume. ANX is a pioneer and leader in the cryptocurrencies industry. ANX’s achievements to date include introducing the world’s first physical Bitcoin retail store, the world's first Bitcoin Debit Card, the world’s first multi-currency online Bitcoin exchange platforms (ANXPRO.COM & ANXBTC.COM), the world’s 3rd Bitcoin ATM machine, and a full-featured ANX Vault mobile app for crypto currencies. ANX has recently acquired the Norwegian bitcoin exchange USTCOIN.COM to expand into the European market. ANX was one of the first firms specializing in crypto-currencies to be issued with a Money Services Operator (MSO) license and prides itself on its transparency and regulatory compliance. The founding partners have financial markets, management consulting, banking technology, and compliance backgrounds.

For more information, please visit: http://www.anxintl.com

Contacts
Media inquires:
NAC
Marcus Andrade, 1-702-515-4038
Founder
press@atencoin.com
or
ANX
Jess Chan, 1-852-2892-2689
Marketing Manager
marketing@anxintl.com
or
SWC Group
Agnieszka Cenzartowicz, 0048 607041276
Senior Partner
acenzartowicz@swclaw.pl
or
AtenPay SA
Agnieszka Bilinska, 0048 601441340
Supervisory Board Member
abilinska@atenpay.com

1) We have delayed the official launching because we are modifying some features to fulfill request from a government entity.
Here is our press released for the delay:
http://www.businesswire.com/news/home/20150703005323/en/Pioneering-Aten-%E2%80%9DBlack-Gold%E2%80%9D-Coin-Offer-Patented#.VbCIqvmqpBc (http://www.businesswire.com/news/home/20150703005323/en/Pioneering-Aten-%E2%80%9DBlack-Gold%E2%80%9D-Coin-Offer-Patented#.VbCIqvmqpBc)

2) As we have not yet launched our Aten Coin, the agreement you saw in the registration site is just a draft (just a test page). Indeed we will have much more detailed agreement at the time of launching.

3) The niche of Aten Coin is that it is anti-money laundering (AML). In order to make a coin being AML, it is important to obtain and maintain proper records of users' personal information and coin transactions, and have a proper monitoring of all transactions.  Then we need to find a place to store all these important information securely. We could not see any problem on this. However, we have to let Aten Coin users know the facts.

4) We will try our best to protect privacy of individual Aten Coin users. For a honest user, Aten Coin will function just like Bitcoin, but with improved technology and being AML and theft-resistant.

5) We will continuously monitor all Aten Coin transactions to identify suspicious transactions. For those suspicious transaction, we will report sender's and receiver's information and the transaction records to related government regulatory entities for their follow-ups.

5) As NAC Foundation, creator of Aten Coin, is a US company, it is logical that all important data associated with Aten Coin users will be stored in U.S.  

6) Are you a iPhone/iPad/Mac user? Do you have any google email account or any Android-based devices? Let's think about the Apple's or the Google's business. Where are your personal information and Internet traffic data associated with these two companies being stored?

7) If you don't want your personal information and transaction records being monitored by any people, you may consider not to open any account in any banks. You could keep the cash in the safe at your home.

8) Aten Coin is designed for people who care about the honesty, safety and value stability of a cryptocurrency. Of course, you have the freedom to use Bitcoin, Darkcoin or any others.

Press Release on 3 July 2015
Pioneering Aten ”Black Gold” Coin to Offer New Patented Digital Wallets

Towards the middle of August 2015, the National Aten Coin’s groundbreaking new cryptocurrency, the Aten “Black Gold” Coin and its patented pending digital wallets will be available. Collaboration agreements with governmental entities in the European Union has resulted in NAC adding in additional features to the Aten “Black Gold” Coin to fulfill their requirements. All newly required features, as well as beta testing will be completed prior to the new launch date.

The Aten “Black Gold" Coin can be purchased through collaboration between AtenPay, SA and ANXPro, one of the globe’s most revered online trading platforms. The Aten “Black Gold” Coin will be available in all fiat currencies including, USD, EUR, GBP, etc. NAC clients will have exclusive access to ANXPRO’s simple and user friendly UI, consolidated shared order book for blended multi-currency settlement, real time FX pricing, deposit options, and risk management and trading tools.

NAC’s new digital wallets are patented (pending) in the EU and copyright (pending) in US. The digital wallet will make the transfer and storing of the Aten “Black Gold” Coin even more secure and convenient for clients, who can access their accounts on a desktop computer and very soon via smartphones and tablets. NAC will be able to quickly verify the wallet and its user through a pseudonymous system. All transactions are monitored through an extremely stringent authentication protocol.

For details, you could visiting the following Reuters article
http://www.reuters.com/article/2015/07/03/nv-national-aten-coin-idUSnBw035323a+100+BSW20150703 (http://www.reuters.com/article/2015/07/03/nv-national-aten-coin-idUSnBw035323a+100+BSW20150703)

https://i.imgur.com/MpQ8ECD.jpg

The Banking Industry & the Aten "Black Gold" Coin:
https://www.youtube.com/watch?v=zwNIfA73ZoM

AtenPay, SA and ANX Pro Jointly Launch The Aten Coin Exchange (https://www.atenpay.com)

Individual and merchant accounts are now available for NAC Foundation's Aten "Black Gold" Coin. The 100% compliant cyber currency is quickly revolutionizing the digital exchange market. Individuals wishing to purchase and sell coins simply need to visit AtenPay.com (https://www.atenpay.com) select "Individual User" and then register for a free account. Individual accounts are available from AtenPay through collaboration with the most distinguished online trading platform in the world, ANXPro.com (https://anxpro.com/). Merchants wishing to start accepting Aten Coins begin the free account sign up process at AtenPay.com (https://www.atenpay.com) by clicking on the "Merchant Account" tab.

http://www.reuters.com/article/2015/09/21/nac-aten-coin-launch-idUSnPn1NcKvY+95+PRN20150921 (http://www.reuters.com/article/2015/09/21/nac-aten-coin-launch-idUSnPn1NcKvY+95+PRN20150921)

Check out this video to understand more about Aten Coin!

https://www.youtube.com/watch?v=5lE0hMRi2LU (https://www.youtube.com/watch?v=5lE0hMRi2LU)

An illustration on how Aten Black Gold Coin and the Banking Industry are related to each other.

https://i.imgur.com/3a2qp9o.png

https://i.imgur.com/f5jFv50.png

AML Technology of Aten Coin - Privately Regulated Public Blockchain

As Aten Black Gold Coin (or called Aten Coin) has been officially launched on 21 Sept 2015, it is the right time for National Aten Coin Foundation (NAC) to disclose the core technology of Aten Coin for achieving anti-money laundering, anti-terrorism and thief resistance.

Aten Coin – Born for AML, Anti-Terrorism and Thief-Resistance
In review of the limitations discussed above, in 2013, a group of programmers and entrepreneurs led by Marcus Andrade formed the National Aten Coin Foundation (NAC) with an aim to create a cryptocurrency named Aten Black Gold Coin (also called as Aten Coin), which is based on the Bitcoin protocol, but with additional features to achieve AML, anti-terrorism and thief-resistance. Aten is the ancient Egyptian God depicted as the solar disk emitting rays terminating in human hands. NAC named their new cryptocurrency after Aten because Aten Coin is designed to be a transparent cryptocurrency that cannot be used by the dark markets. NAC's mission on KYC/AML compliance was first reported in their Press Release in Sept 2014. After two years of efforts, NAC is now a service member of the American Bank Association (ABA), and Aten Coin is compliant with the following agencies: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act. Aten Coin has been officially launched in September 2015, and now can be purchased at AtenPay.com. To the best of our knowledge, Aten Coin is the first cryptocurrency that can meet the KYC/AML compliance.

Privately Regulated Public Blockchain Technology of Aten Coin– The 4th Type of Blockchain
The blockchain of Bitcoin is considered to be a “Public Blockchain”. Any one in the world can read, modify and verify it. No one can own and control the blockchain. Any one can freely create bitcoin addresses and freely use their addresses to receive and send bitcoins. Recently there have been a lot of discussions about how to modify and make use of the Bitcoin’s blockchain technology. For example, The Bank of England has said that central banks are looking at ways to implement "hybrid systems" involving distributed ledger technology of the type currently used to record bitcoin transactions. Besides “Public Blockchain”, the concepts of “Private Blockchain” and “Consortium Blockchain” have appeared. In such concepts, the blockchains will be solely controlled by either a private entity or a group of private entities. However, such concepts totally opposite the concept of decentralized banking. To tackle with the issues of criminal uses and terrorist financing, NAC has invented a method (EU patent pending and U.S. copyright protected) that allows people to trace and track identities senders and receivers of a cryptocurrency when necessary. This invention involves a “privately-regulated public blockchain”, which is a novel concept and can be considered as the 4th type of the blockchain technology. Any one in the world can read the Aten Coin blockchain and participate in transaction verification and Aten Coin mining. Aten Coin is only regulated when it comes to KYC/AML compliance and anti-terrorist compliance. The major advantage of NAC’s novel blockchain technology is that the key decentralized banking concept of Bitcoin is being maintained, while Aten Coin can overcome the major shortcomings of the Bitcoin protocol.

Identity-linked Credential Authentication Protocol
One the basis of a privately-regulated public blockchain, NAC has built a personal identity-linked credential authentication protocol into the source code of Aten Coin. The protocol involves an integration of three major processes, including

(i) personal identity verification,
(ii) credential authentication, and
(iii) a two-party signature scheme.

A regulation system is introduced at the blockchain level in the way that

(1)  All Aten Coin addresses must be multisignature addresses comprising of a pair of public key and private key from NAC and at least one pair of public key and private key from an Aten Coin user;
(2)  All Aten Coin addresses can only be created by people whom have got an authorization from NAC; and  
(3)  Without NAC’s authorization, no one can use any Aten Coin addresses to send any atencoins that are recorded (stored) at the Aten Coin addresses.

In order to obtain authorization from NAC, all Aten Coin Users must register as an Aten Coin User in the NAC’s systems, and in the process of registration all potential Aten Coin Users must provide valid document to disclose their legal identities. Once an Aten Coin User has successfully registered in the NAC’s system, he/she will be given an Aten ID, and will be allowed to create their private Aten Credentials, which will be subsequently approved by NAC’s system to be used as valid credentials to obtain NAC’s authorization for generating Aten Coin addresses as well as for making Aten Coin transactions. All the authentication process steps are working at the network level, and the passwords of Aten Credentials are only known by the Aten Coin users who created them and encrypted in the NAC’s system. No one from NAC can know passwords of those Aten Credentials. The authentication protocol is built inside the source code of Aten Coin. In other words, no one can by-pass NAC’s authentication system.

Real Identities of Aten Coin Senders and Receivers are Traceable While Maintaining Privacy of Aten Coin Users
In the typical transaction process, NAC’s authentication system will automatically provide authorization to any request for address generation or transaction creation as well as signing a transaction upon the receipt of a valid Aten Credential. Therefore, most of the time Aten Coin will function in the way similar to Bitcoin, except that by design Aten Coin transactions are faster, cheaper and more secure. All transaction data are available in the Aten Coin’s blockchain, which is open to the public. Public will not be able to know the identities of Aten Coin senders and receivers as in the case of Bitcoin. However, real identities of the senders and receivers are kept in NAC’s system with protection. Using Aten Credentials and Aten IDs, NAC can trace the legal identities of any senders and receivers when necessary. This allows NAC to reveal identities of senders and receivers associated with any transactions which are suspected to associate with any money laundering, hacking or illegal activities, while maintaining privacy of Aten Coin users. As senders and receivers of all transactions can be revealed, any thieves or hackers who steal the atencoins can be easily traced and tracked by retrieving personal identity(s) of the receiver(s) from the client information database. Moreover, the credential authentication mechanism behind Aten Coin allows a user to change the credential to stop atencoins being transferred out from a stolen wallet. As a result, NAC’s invention can prevent atencoins from being stolen.

All Aten Coin Transactions Being Monitored and Regulated by NAC
Furthermore, Aten Coin’s core technology allows NAC to monitor every single transaction and identify those suspected for involvement in illegal activities, such as money laundering and terrorist financing through analyzing individual Aten Coin users’ transaction records. It is NAC’s obligation to report any suspicious transactions and identities of their associated senders and receivers to the relevant government agencies for further action. It hence provides a practical solution for the current KYC/AML incompliance issues of Bitcoin and various alternative currencies. As all transaction creations are being regulated by NAC and cannot be created without NAC’s authorization, NAC can also restrict Aten Coin transaction to be created in authorized countries. In such way, NAC can proactively avoid Aten Coin being used into regions prohibited by United States of America or United Nations Sanctions by monitoring the locations of senders. This should help minimizing the chance of using Aten Coin in financing terrorist activities.

About National Aten Coin and the Aten “Black Gold” Coin
Headquartered in Las Vegas, Nevada, National Aten Coin (NAC) is the creator of the Aten “Black Gold” Coin, a cryptocurrency (a form of electronic money) and its global payment transaction network. The official website of Aten Coin is AtenCoin.com. While maintaining privacy of customers, the NAC utilizes proprietary techniques to verify ownership of coin holders, secure and monitor transactions, trace and track identities of senders and receivers, keep recordkeeping efforts transparent, protect coins from stealing. The Aten “Black Gold” Coin is compliant with the: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act. NAC has copyrights of the privately regulated public blockchain technology and the personal identity-linked credential authentication protocol to Aten Coin; the rights were confirmed with filing source code for atencoin with US Copyright Office on July 6th, 2015. Under United States copyright law, NAC Foundation’s copyrights have been in effect since the date that NAC Foundation copyrighted source code was created. Moreover, NAC Foundation, Inc. has filed for the patent with European Patent Office in February 2015.

About AtenPay.com
AtenPay.com is the easily comprehensible Aten "Black Gold" Coin-processing gateway. It is a one-stop-shop for people and businesses to acquire or receive Aten Coins. Businesses can easily accept Aten Coin payments by using AtenPay's services. NAC Foundation provides straightforward set up instructions and effortless integration tools.

RELATED LINKS
www.AtenCoin.com (http://www.AtenCoin.com)
www.AtenPay.com (http://www.AtenPay.com)
www.AtenWallet.com (http://www.AtenWallet.com)

The First Aten Coin Conference will be held in Warsaw, Poland on 28 Oct 2015.

For details, you can visit http://www.AtenCoinConference.com/ (http://www.atencoinconference.com/).

https://i.imgur.com/336B4Mk.png

We are pleased to announce that Aten Coin is now available for purchasing at www.AtenPay.com (http://www.AtenPay.com).

Anyone can also register to be an Aten Coin user at www.AtenWallet.com (http://www.AtenWallet.com).

Polish Finance Ministry: EU Should Create Bitcoin Regulation

Polish Members of Parliament said " "piracy, cybercrime, phishing, thefts and hacking online accounts and attacks on the users of cryptocurrencies are increasingly often taking place".

Read this article from CoinDesk for details.
http://www.coindesk.com/polish-finance-ministry-eu-should-create-bitcoin-regulation/ (http://www.coindesk.com/polish-finance-ministry-eu-should-create-bitcoin-regulation/)

If you worry about these problems, Aten Coin is your choice. Only Aten Coin is designed to alleviate these.

National Aten Coin Foundation's press release of the AML Technology of Aten Coin



For details, please visit the following URL
http://www.prnewswire.com/news-releases/nac-foundation-announces-proprietary-core-technology-of-aten-black-gold-coin-300160276.html (http://www.prnewswire.com/news-releases/nac-foundation-announces-proprietary-core-technology-of-aten-black-gold-coin-300160276.html)

Is there anything new going on with this token? No updates for awhile.

time will tell every story and will make every picture clear...

We have opened a new ANN. Please follow us here: https://bitcointalk.org/index.php?topic=2056317

This is mostly for rebranding and redesign purpose while keeping historic posts. Atencoin is now named AMLBitcoin.

Looks something interesting in this project after full reading....

In the news: https://www.forbes.com/sites/chrisversace/2017/09/27/building-a-better-bitcoin/#258bd1eb1eb1

It looks interesting, time will tell...

I like this project. Everything is designed quite well. A great project and careful planning. I hope the team will work hard and maximize the promotion, to be accepted by investors.

it  looks like a great project, let's hope that it will be successful and the team gives me confidence in that department,good luck  Grin