What is an Aten Coin?
An Aten Coin is a form of digital money that is considered a world money. Many Countries have their own fiat money in place and when or if they ever suffer from economic or financial instability, the value of their money also suffers. The value of the world currency Aten Coin is determined by the users once it is released to the open market.
How does Aten Coin Track, Trace, & Detect Suspicious Activities on the Aten Coin Transaction Network?
Specialized Monitoring and Detecting Software allows Aten Coin to detect suspicious activity. Once detected, an automatic Suspicious Activity Report is generated and submitted to the U.S. Financial Crimes Enforcement Network along with the other country organizations equivalent to FinCEN. The reports detail where the suspicious transactions originated from and identify which country the transaction was intended to go.
How has Aten Coin overcome the challenges that other Digital Currencies have?
Aten Coin has overcome common digital currency challenges by developing a groundbreaking new digital currency and transaction network which uses a state-of-the-art system that is secure, affordable and easy to use. Additionally, we have created a coin that is AML and Patriot Act compliant, inflation- and theft-resistant, in line with the Bank Secrecy Act, and every other major financial regulatory agency in the world.
Who Created Aten Coin?
NAC Foundation, LLC is the creator of the Aten Coin. Everyone on the NAC Team were huge fans of the first-generation anonymous digital currency. It soon became apparent that there was a lack of consumer protection features and that the criminal element was going to exploit this new currency. Our team felt we had a duty to develop the next generation digital currency, which contained safety features and had a way to prevent law enforcement-known, unethical people from using Aten Coins.
What is Aten Coin's Core Technology? What is the 4th block chain?
Aten Coin utilizes the same block chain concept as that of Bitcoins except that Aten Coin is implemented as a proprietary, Privately Regulated Public Block chain. Public block chains allow anyone in the world to read, modify and verify it. Anyone can freely create Bitcoin addresses and use their addresses to receive and send Bitcoins. Thus, Bitcoin’s Public Block chain is highly susceptible to thefts and unsecured transactions.
Several initiatives have taken place to modify the public block chain. For example, The Bank of England has said central banks are looking at ways to implement "hybrid systems" involving distributed ledger technology of the type currently used to record Bitcoin transactions. In the past year, the concepts of “Private Block chain” and “Consortium Block chain” appeared. In such concepts, the block chains will be solely controlled by either a private entity or a group of private entities. However, these concepts counteract the decentralization of transactions highly sought by digital currency users.
Aten Coin’s Privately Regulated Public Block chain can be considered as the 4th type of block chain technology. It offers the benefit of a public block chain and market decentralization associated with the ability to stay in compliance with international financial, banking, privacy acts and other regulations.
Aten Coin’s users can read the Aten Coin block chain and participate in the transaction, verification and mining processes. Aten Coin’s key difference to Bitcoin is that only authorized users can remit Aten Coins. This regulated factor means only approved individuals with authorization from the Aten Coin Network can remit, record, and store Aten Coins at Aten Coin addresses. All authorized users are first registered on the Aten Coin system, they have gone through all stated terrorist watch lists, and have been checked against many criminal databases.
How can Aten Coin help the Unbanked?
The numbers of “unbanked” and “underbanked” people are indeed growing. Seventeen million people nationwide are unbanked, up from ten million in 2002; forty-three million are underbanked.
Interestingly, banks deposit funds into customers’ accounts only five days a week, but withdraw funds seven days a week, which makes planning difficult (http://www.pewtrusts.org/our_work_report_detail.aspx?id=85899359140) for those with no margin for error.
Couple this factors with many unbanked living in areas too remote or too dangerous for brick and mortar banks, the unbanked are left with expensive choices such as check cashing subsidiaries and money transfer options that have high fees and less than desirable exchange fees. Our proprietary payment system and digital Coin, Aten Coin, will make the transfer of monies safer, faster and considerable less expensive.
http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/0,, contentMDK:23173842~pagePK:64165401~piPK:64165026~theSitePK:469372, 00.html
This leads to Cloud Banking!!
How can I get an Aten Coin Digital Wallet?
Go to www.AtenWallet.com and follow the instructions.
How can I buy Aten Coins?
First get a digital wallet, then go to www.AtenPay.com
When is the next Aten Coin Conference?
We just had our latest Conference in Warsaw, Poland. Please continue to check www.AtenCoinCoinference.com for future Conference Updates.
How do I mine with my Aten Coin Wallet?
Please go to www.AtenWallet.com. Then register, have your identity verified, then watch the How to Mine Videos.
Where can I sell and trade Aten Coins?
Please go to www.AtenPay.com and click on the FAQ’s page.
What is the future plans and growth of Aten Coins?
As the popularity of the Aten Coin grows with government entities, consumers and merchants around the world, we would love to see the shopping and purchasing experience cast an all encompassing net for consumers. This would enable people to use Aten Coin to purchase a cup of coffee, buy groceries, clothing, real estate, and gasoline, purchase vacations, pay bills and also to invest.
What type of patents has the Aten Coin Team filed?
The Aten Coin Team has filed many patents. Patents from the usage of Identity based block chains, to Privately-Regulated Public block chains, to the use of biometric identity verification using block chain technology. The Aten Coin team has retained the Pillsbury Law Firm which is an International Law Firm that is responsible for patent infringement enforcement. If you have any information about a potential patent violator, please email us at firstname.lastname@example.org.
How can communities use Aten Coin?
Due to our low cost transaction fees, secure and fast transaction speeds and compliancy with many of the world’s top governments regulatory agencies, we can help members reach out to people in their own community or in a peer-to-peer transfer across the world.
How can I use Aten Coin for charities?
Charitable giving just got easier faster and safer, using our Aten Coin system. Send coins to a charity of your choice and watch them receive every dollar you send. Eliminate fraud or misappropriation of funds by being able to track the direct transfer of money directly to the charity.
As a merchant, how do I accept Aten Coin?
Please go to www.AtenPay.com and register for a Merchant Account.
How can I convert from Fiat Currency to Aten Coin and Vise-Versa?
Please visit www.AtenPay.com and sign up as an individual account.