Due to the advantages of cryptocurrency wallets and decentralized exchanges, the most important central exchanges have begun to deal with decentralized exchange systems by allowing traders to create wallets directly in the platform application via Web3 technology.
At the time AMAL was established, it was estimated that there were about 147 million orphans in the world, and many children continue to lose their parents daily. There are hundreds of thousands of children in desperate need of security, food, education, emotional support, and housing. AMAL carries a humanitarian message to all the orphans in the world, expressing that the crypto community has not forgotten them. AMAL offers a unique volunteering experience. Its mission is to connect humanity, transparency, and a blockchain decentralized system in a Token to support the orphans. When you buy or sell AMAL, you are simultaneously donating to help orphans and support them to meet their needs and fulfil their dreams.
Amal Swap is ready to offer a unique experience in the world of cryptocurrencies
It can be challenging to navigate decentralized exchanges, especially for those unfamiliar with cryptocurrencies or used to centralized exchanges. Decentralized exchanges require us to choose the correct crypto network, input the cryptocurrency address for new tokens, select the cryptocurrency for the swap, set the slippage ratio, and leave a certain number of coins for network fees without knowing the exact amount. To simplify this process, we have developed the AMAL SWAP.
Use your private key to move between cryptocurrency wallet applications
Imagine having a safety box filled with money, and you have ten electronic keys. Each key can open the safety box and is linked to its screen, displaying the value of the contents of the safety box. The safety box in this example symbolizes the blockchain, and the keys represent the Private Key, which usually consists of 12 words. The screen that shows the value of what the safety box contains is the cryptocurrency wallet application. Based on the previous example, the cryptocurrencies you own a
AMAL is a decentralized cryptocurrency, and its price is determined by a mathematical equation governed by an Automated Market Maker (AMM). Many analysts believe that for a cryptocurrency to reach a price of one dollar, there must be one dollar for each coin or token. Therefore, if the total supply of the cryptocurrency is one hundred million, the total purchase value must reach one hundred million dollars to reach a price of 1 dollar. However, this equation does not apply to AMAL or any other d
The easiest way to detect the percentage of token scams
Thanks to the numerous websites that assess token security, detecting fraud has become a simple and quick process. Before investing in any Token, don't hesitate to evaluate its security. A few minutes of research can help you avoid significant losses and confront scammers constantly creating cryptocurrencies to exploit and deceive others.
How can I determine the percentage of scams? Simply copy the token smart contract address, paste it into reputable scam detection sites, and assess the resul
It is estimated that cryptocurrency scammers stole $4.6 billion from crypto users and investors in 2023 alone. This corresponds to approximately 0.013% of the total transaction volume of cryptocurrencies in 2023. Even though cryptocurrency is a relatively new trend, scammers are employing traditional methods to steal. Here are some common cryptocurrency scams to be aware of.
1. Bitcoin investment schemes In bitcoin investment schemes, scammers contact investors claiming to be seasoned "investm
Crypto Rug Pulls: What Are They & How to Avoid Them
Cryptocurrency rug pulls are unfortunately a common occurrence in the global crypto markets, resulting in billions of dollars of losses for digital asset investors.
What Is a Crypto Rug Pull? A rug pull is a type of exit scam that involves a team raising money using investors and the public by selling a token only to quietly shut down the project or suddenly disappear, stealing the raised funds and leaving them with worthless tokens. Rug pulls can be extensively orchestrated, with actors lever
What if the founder of a cryptocurrency is unknown?
If you are in another country and need to convert your dollars to the local currency, you have a couple of options. You can go to one of the exchange offices available on the road and hand over your dollars to a person who may be familiar with. They will then count your money in front of you and give you the local currency in return. However, there is a risk of being deceived and receiving less money than you are owed. If you return to demand the difference, the office owner may not take respons
Methods of fraud, exploitation and manipulation used when creating tokens
An investor was exploring an investment market in search of investment opportunities. While walking around, he entrusted 100$ to a merchant. When he returned, the merchant had absconded with the deposits of all the investors, including his. The investor then deposited another 100$ with a different merchant after quickly reviewing the deposit contract, which had a fair interest rate. Upon returning to collect the interest, he found out that the contract allowed the merchant to alter the terms at
Burning cryptocurrencies, a cheap trick? Or a sacrifice by the founder team to raise its price?
In a village, there is a significant amount of wood (300 tons) that has been left abandoned. Because they do not use it, the wood has no value to the people living in this village. Three merchants made a promise to invest this amount in ways that would benefit the people of the village. The merchants used these woods for the following purposes: The first merchant began by collecting money of the poor villagers receiving 100 tons of wood in return and promised them to trade in the wood and gain a
A merchant purchased one ton of rice from a field located in another country. He selected the type of rice and agreed on the price, quantity, and delivery date. Once the owner of the field received the payment, he replaced the rice with barley, increased the price, decreased the quantity, and delayed the delivery date. The merchant was surprised by this and filed a lawsuit against the field owner, but he found out that there was a provision in the contract that allowed the field owner to modify
There are three islands in this story. The first island cultivates sugar cane and produces more sugar than the inhabitants need. The second island produces a lot of salt. The third island is located between the Sugar Island and the Salt Island. The people on the third island built three warehouses and stocked them with sugar and salt, which made trading between the two islands much easier. The commercial ships no longer needed to sail back and forth between Sugar Island and Salt Island. Instead,
The reason why AMAL is linked to USDC instead of USDT
There is an archipelago consisting of numerous islands, each with its own currency. The value of these currencies fluctuates based on supply and demand, except for two currencies that have a fixed value and are accepted on all islands. The success of these two currencies is due to the presence of a stock of gold for each of them. However, there is a problem with transparency and credibility regarding the amount of gold in stock. While the first currency provides clear information about its gold
There is an induvial who wishes to invest their money by purchasing a gold bullion. After buying it from the gold market they will have two different ways they can store it, which are: The first option: When buying gold bullion, it is possible for the buyer to leave it with the merchant who offers the option to exchange it for money or other metals. The merchant will store the gold bullion in a safety box at their store, but it may be vulnerable to theft by gangs due to the high quantity of prec
You have a kilogram of pomegranates and you want to exchange them for half a kilogram of grapes. To do this, you can visit the central market, which is a traditional market that has many fruit stores. However, not everyone is allowed to enter this market as you need to be a member to do so. If you are a member, you can ask one of the stores to exchange your pomegranates for grapes. But the store owner may only give you grapes if there are other customers who want to exchange grapes for pomegrana
The difference between a centralized and a decentralized exchange
Suppose you have $100 and you want to invest it in silver because you believe it is a rare metal that will increase in value. You have two options for conducting this transaction: The first option: You visit a store in the city and exchange money for a certain amount of silver, which you then entrust to the store owner for safekeeping. However, there are potential risks involved in this transaction. The store may be susceptible to theft or natural disasters, and there is no guarantee that the st
What is the difference between a token and a coin?
Two individuals in the village sell electricity. They both offer high-quality electricity at the same price, but the source of electricity is different. The first person buys electric generators and works along with a company to fill them with fuel. These generators may either be advanced with unique features or mere replicas of famous generators. As for the other individual, he entered a contract with a top-tier company to acquire energy cables, and he later utilized technical equipment to dist
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