[ANN][AMTC] 🏺AmberTime💎🕰️: 1st 🎓Education🎓 + ✈️Travel✈️+ ⛓️Blockchain⛓️

[ambertime]

[ANN][AMTC] 🏺AmberTime💎🕰️: 1st 🎓Education🎓 + ✈️Travel✈️+ ⛓️Blockchain⛓️ Platform


HISTORY OF AMBERTIME

If you’ve ever carefully looked into Amber, you would’ve noticed that there’s a secret of time inside.
3 million years of humanity, how many lives hollowed and cultures vanished?
4.6 billion years of Earth’s rotation, how many species buried to ground and oasis turned desert?
Time never stands still, we find ourselves through the stream of time.
Did we create time, or did time create us.

The mission of the living is to pass on the genetics through reproduction,
and the mission of humans is to carry on human civilisation through language and texts.
But what is civilisation?
Is it countries, tribes, formalities, practices and things? Religion, philosophy, law, technology and art?
Civilisation may be each actual, lively, dynamic individual - every person is a medium of civilisation.
Did we create civilisation, or did civilisation create us.

AmberTime originated from contemplation of the questions about time and civilisation.
These questions are rather significant for the modern minds and civilisation.
What does civilization means for us? How do we create our own time?
It might be an inspiration from one immersed reading, it might be one hiking in the wilderness,
it might be one enthusiast’s passion project, it might be a certificate for a profession.
It might be a college assignment, it might be an adventure to circumnavigate.
It might be an emblem from an educational institution, it might be one remarkable event of life.

AmberTime is created for every person’s precious moments in life,
every bit is securely, factually and permanently recorded by the use of blockchain technology.
Amber is created for everyone to come closer to our civilisation,
through the media of civilisation - the interesting, cultivated, passionate and profound individuals,
join an open source, boundless world university and turn time into priceless Ambers.




FIRST EDUCATION + TRAVEL + BLOCKCHAIN PLATFORM

As an open platform of blockchain “certified history”, AmberTime blockchain application class products are open to schools of all levels, educational and training institutions, examinations and assessment institutions, qualification certification institutions, travel organizations, and travel product platforms around the world. Not only that it means the way people receive their education and the way they travel will go through a revolutionary change, it also means people’s life-long educational history and travel footprints will be permanently and safely stored as a very important data capital.


OUR VISION

AmberTime's vision is to become the world's most recognized and prestigious education institution with its time-flow inspired, open source and borderless philosophy grounded on blockchain innovation.


OUR MISSION

To drive the intersection of both education and tourism by cultivating and nurturing talent with multi-sectoral ability, wide range of interests, international perspective and a heart to contribute to the society.

To create a top-ranking global university based on open source and borderless principles by way of establishing a thematic institute with various types of institutions, organizations, enterprises and individuals who share the same values ​​and educational philosophy, and together develop curriculum contents, design travel projects and make them more accessible and fulfilling to the youth.

To use the flow of time as a means of recording behaviour, academic achievements, merit awards, travel experiences and certifications can become one's irreplicable and tamper proof assets, condensing into their own exclusive and unique "Amber".





PROBLEM

Fake IDs, diplomas, and certificates in the black market
Difficulty in verifying claims of achievement and accreditations
Traceable personal activities in open ledgers
High-trust requirement between mutually foreign parties in commercial engagements
Slow and resource intensive transaction processing


SOLUTION

Grant cryptographically secure electronic credentials in blockchain
Support authentic claims of merit through digital signature and time verification logged in blockchain
Indiscernible encrypted transactions visible only by authorized parties published in blockchain
Decentralized trust network ensuring transaction governance and execution of escrows in the form of blockchain
More efficient Proof-of-Authority / Proof-of-Time blockchain consensus algorithm instead of Proof-of-Work implementation





USE CASES


EDUCATION
Validate educational achievements by auditing student credentials recorded on the blockchain.


EXPERIENCE
Log trips, tours and events joined on the blockchain upon booking or checking in.


E-COMMERCE
List, hunt, shop for goods and services directly from the blockchain wallet.





FEATURES


TIME BASED VALIDATION
Merchants can specify a maturity period for services, such that completion of the purchase can only be done after the maturity period.


AUTO ESCROW OF PAYMENTS
Payments can be automatically place in escrow, requiring the consent of both the buyer and the service provider for the payment to go through.


TIME LIMITED AUTHORIZATION
Users can choose to selectively grant authorization to view their information on a time-based expiry.
When the expiration date has passed, the authorization will automatically be revoked.


INTEGRATION OF E-COMMERCE DIRECTLY INTO THE WALLET
Amber's Smart Wallet will allow the user to browse services and make payments and other transactions within the network.


PROOF OF AUTHORITY CONSENSUS
Transactions are approved through a consensus of nodes that are authorized as approvers.
Approvers are incentivized to uphold transaction validity because their reputation is at stake.


ZERO TRANSACTION FEE
Transactions on the Amber network are not subject to transaction fee.
Instead, wallets will be limited to a certain number of transactions over a given period.
Wallets with more stake in the system will be allowed to make more transactions.


REAL-TIME
Fast transaction confirmation and account settlement which doesn't take 3 days, or even 10 minutes.


IMMUTABLE
Proof-of-Integrity binded to the AMTC blockchain to ensure immutability and settlement finality.


PRIVACY
Configurable degrees of privacy, from transparent. publicly auditable to private only.


SECURE
Every individual transaction in AMTC is digitally signed unlike normal databases.





ROADMAP


Q1 2018
 Initial announcement of plans


Q1 2018 - Q2 2018
Launch of website and token sale


Q2 2018 - Q4 2018
Development in TestNet


Q4 2018 - Q1 2019
Deployment in ProdNet


Q1 2019 - Q2 2019
Wallet release


Q2 2019
Service commencement
and advanced features release




MEDIA COVERAGE


搜狐网 - TechWeb - 央务区块链信息


UPDATE: Over 90+ media publications covering the launch can be found here





FAQ



What is AmberTime’s Token Symbol?
AmberTime's token symbol is AMTC.


What is the token address for AMTC?
The token address is 0x84936cF7630AA3e27Dd9AfF968b140d5AEE49F5a.
(Do not send Ethers to this address! See below in highlight for token purchase address)


What is the total token supply of AMTC?
The total token supply in the AmberTime Universe is 2 Billion AMTC.


What is the minimum contribution?
The minimum contribution is 1 ETH (Ether)


What is AMTC's Angel Funding Round price?
The initial price of 1 AMTC is 0.0002 ETH, 1 ETH for 5000 AMTC.


What is the Contract Address of AMTC Angel Funding Round?
The contract address is 0xb53a656bd0bbde2b272aa002a2f1a8d6137fce31


When will AMTC's Funding Round begin?
The 1st round, referred to as “Angel Funding Round”, will commence on March 20, 2018 to May 1, 2018 with a cap of 200 million AMTC.
This will be followed by the 2nd round, referred to as “Private Funding Round” where the token supply of the organization will remain locked until AMTC goes live.


Can AMTC be traded?
AMTC are not tradable during the Angel Funding Round period.
Once the Angel Funding Round is completed, AMTC can be traded.


How can I buy AMTC tokens?
Visit our website https://ambertime.org


Where can I find the white paper?
AMTC white paper can be found here

[AmberTime-OG]

[RESERVED]

[Willliam]

What is the total supply and algorithm?

[ambertime]

What is the total supply and algorithm?

The total token supply for AMTC is 2 Billion.

Algorithm will be PoA-based (Proof-of-Authority)

[Leeminhe]

the project looks interesting! you can not call the idea completely new and not similar to existing projects, but in this area it is more important to implement than uniqueness) I will follow you, good luck guys!)

[ambertime]

the project looks interesting! you can not call the idea completely new and not similar to existing projects, but in this area it is more important to implement than uniqueness) I will follow you, good luck guys!)

Thank you for the vote of confidence!  👍

While conceptually the idea of quantifying knowledge in terms of amalgamation of formal / informal studies, apprenticeship and experiences has existed, its only until recently the right technology has arrived to allow it to come to fruition through the use of blockchain. 

Through the community's support, we hope to bring the vision of open learning and merit-based credentialization to drive a generational shift of information-based academics, to a more wisdom-based learning.

[ambertime]

It's been 24 hours since the token purchase launched and we have sold over 600,000 AMTC tokens, thank you very much!



We have also received feedback from our community during this period and made the following changes:

1.  Updated whitepaper

2.  Included reminders not to send Ethers to the AMTC Token Address, which is different from the AMTC Token Purchase Address

3.  Included recommended Gas Price (gwei) and Gas to prevent failed purchase transaction errors using imToken wallet as example

4.  Guide to check AMTC balance using imToken wallet as example

5.  Improved responsiveness using mobile browser

6.  Spelling and grammatical  errors

[cxx]

Interesting project, blockchain has big implementation potential for certification at all levels and in areas other than education, no doubt. A decentralized data capture network and recording system for all life activities and forming an 'amber' that is unique like a fingerprint, and monetizing amber to ambercoin...sounds like business model with good potentials.

[ambertime]

Interesting project, blockchain has big implementation potential for certification at all levels and in areas other than education, no doubt. A decentralized data capture network and recording system for all life activities and forming an 'amber' that is unique like a fingerprint, and monetizing amber to ambercoin...sounds like business model with good potentials.

Thank you cxx 

Glad to know that the project resonates with you! 

We hope to gain more supporters from the community like yourself to make this a reality. 

[Edgar9]

No doubt a very good project! I'm in all the way                              

[ambertime]

No doubt a very good project! I'm in all the way                              

Thank you for the compliments Edgar9 🙏🙏🙏

Encouraged to be in good company who share our common interest and be with us "all the way" 🛤️🌞

[gonhunter]

Who's your team? I want to see the dev team

[ambertime]

Who's your team? I want to see the dev team

Hey gonhunter!


The technical development team consists of professionals with a track record of delivering complex IT systems offering various cutting-edge business solutions such as blockchain development, cybersecurity maturity, digital transformation, complete ERP systems, algorithm design and analytics.

Collectively the team has been recognized and earned the following awards such as:

• GRAND WINNER ASEAN’s Next Great Idea Cyberjaya, Malaysia (Dec 2016)
• FIRST RUNNER-UP Blockchain Virtual Govhack Dubai, UAE (Feb 2017)
• FINALIST ASEAN Rice Bowl Awards Manila, Philippines (Oct 2017)
• DIAMOND WINNER AnchorUp 2017 Tainan, Taiwan (Nov 2017)
• FIRST PRIZE STSP Innovation Festival Tainan, Taiwan (Nov 2017)
• MENTORSHIP Silicon Valley VCs from KPCB, Sherpa Capital, SV Angels and Uber

Take a look at the team profile here

Hope you will support us in our mission of inclusive learning and disrupt the traditional education process  

[ambertime]

We have reached a milestone of 2,000,000+ AMTC purchase over the weekend!!! 🕺 🕺 🕺 🕺 🕺

Thank you for sending in your comments and suggestions via our contact us form!

Due to overwhelming response, its taking us some time to respond back in a timely manner - but rest assured we are reading each and every message, taking action as required. 🙏 🙏

Here are some of the upcoming improvements that are planned:

1. Whitepaper minor iteration.

2.  More detailed guidance on optimal Gas (gwei) / Gas Price for successful transaction.


Let us know what you think!

[Lantern_NPT]

What does it mean by the POA mechanism? How could it be used to secure the application in education and travel business?

[ambertime]

What does it mean by the POA mechanism? How could it be used to secure the application in education and travel business?

Thank you Lantern_NPT for your question 🙋🙋

AmberTime will be a Consortium Chain - one difference from the public chain is that the owners / operators of the nodes will not be anonymous. 

The ecosystem itself however will be open to the public to participate and access.



PoA stands for "Proof-of-Authority" - a sort of word-play on the other mechanisms such as "Proof-of-Work" (PoW) and "Proof-of-Stake" (PoS).

Proof-of-Authority is the consensus mechanism in which the nodes validating blocks are the ones explicitly allowed to do so. PoA is a modified form of PoS where instead of stake with the monetary value, a validator’s identity performs the role of stake in the form of reputation. In this context, identity means the correspondence between a validator’s personal identification on the platform with officially issued documentation for the same person, organization or institution, to ascertain that a validator is exactly who it represents to be.   This is a way to preserve the staking concept, with scarcity and measurability of stake, while ensuring that all who place that stake value it similarly, regardless of other circumstances.

Even if one steals a license and somehow becomes a validator pretending to be someone else, the fact that staking is public will expose a nefarious actor. A single actor with a hacked authority does not have the capacity to overwhelm the network and revert all transactions. Therefore, requiring validators to have an approver public license makes identity impossible to conceal, while a concerned party can easily cross-verify identity in publicly available open domain.  With on-chain governance making it simple to oust a non-conforming validator, losing a validator’s role eligibility is public and published in the network. With their real names at stake, validators are unlikely to act nefariously to threaten their own social standing in the real world and virtual community of the blockchain network.



In AmberTime's context, this means that there will be "Authority" nodes within the chain are preregistered and verified entities, and each of them is an organization with a proud reputation to protect, such as universities, government agencies, law firms, businesses, travel agencies etc.

Each transaction in AmberTime would be signed by a randomly selected  and voted upon by set of Authority nodes.

Since the organization's reputation is at stake, the risk of a malicious signer is reduced to minimum, and in such an unlikely event, an erring signer would be voted out by the network automatically, and can only be reinstated manually by AmberTime after thorough investigation.



Hope this helps!



Added info: Known successful examples of PoA implementations are Kovan and Rinkeby, the two Ethereum testnets named after metro train stations, which were introduced as new blockchain based on Ethereum protocol with Proof of Authority consensus. Spam attack on the original Ropsten testnet was the reason to create a new public test network. Based on data gathered on both testnets, PoA Networks provides inexpensive consensus to secure the network. Users can run Ethereum programs on Kovan and Rinkeby and spend less money on transaction fees which also translates to the network's security will also be cheaper to maintain.

[ambertime]

We've gotten requests to see the contract source codes for the token sale.

Posting here for easy reference for anyone to refer to.


Sale Contract: https://etherscan.io/address/0xb53a656bd0bbde2b272aa002a2f1a8d6137fce31#code


Token Contract: https://etherscan.io/address/0x84936cf7630aa3e27dd9aff968b140d5aee49f5a#code


Github: https://github.com/maroonstudios/ambertokensale

[ambertime]

We have hit a milestone of 🌟🌟🌟 20,000,000 🌟🌟🌟 AMTC tokens sold!  

👏👏👏👏👏👏


Check out the latest actions on AMTC:

https://ethplorer.io/address/0x84936cf7630aa3e27dd9aff968b140d5aee49f5a


Thank you all for your support thus far! 🚀 🌚 🚀 🌒 🚀 🌓 🚀 🌕 👩‍🚀 👨‍🚀

[BerryCoin]

What stage is the project currently?

[Lantern_NPT]

  Good job!!!

We have hit a milestone of 🌟🌟🌟 20,000,000 🌟🌟🌟 AMTC tokens sold!  

👏👏👏👏👏👏


Check out the latest actions on AMTC:

https://ethplorer.io/address/0x84936cf7630aa3e27dd9aff968b140d5aee49f5a


Thank you all for your support thus far! 🚀 🌚 🚀 🌒 🚀 🌓 🚀 🌕 👩‍🚀 👨‍🚀