#### What is AMO Coin? AMO Coin (AMO) is a digital asset that operates on the Klaytn platform. It is designed to create and operate the AMO Market, a marketplace where car data can be shared and exchanged. AMO Coin aims to address the need for a decentralized, open marketplace for transactions in the automobile industry. The AMO Market is intended to support the exchange of data between all stakeholders in the automobile industry, including car users, automobile manufacturers, and automotive service providers. The AMO Coin is used for transactions within the AMO Market, accounting for adjustments in supply and demand. #### How does AMO Coin work? AMO Coin works by facilitating the exchange of car data within the AMO Market. Car users, manufacturers, and service providers can provide car data and receive AMO Coins as compensation according to the value of the data provided. The AMO [Blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain) and AMO Platform support this process. The AMO Blockchain stores and manages transaction details, data ownership rights, and data usage rights. The AMO Platform manages operational policies and software, along with key management and certificate issuance necessary for participant authentication. The AMO Coin is used for transactions within the AMO Market, accounting for adjustments in supply and demand. #### What are the potential use cases for AMO Coin? The potential use cases for AMO Coin are centered around the exchange of car data within the automobile industry. Car users can share their driving data and receive AMO Coins as compensation. Automobile manufacturers and service providers can purchase this car data to provide up-to-date services to car users. They can also submit secondary processed data to the AMO Blockchain and receive AMO Coins according to the value of that data. This creates a cycle where car data is enriched and the market is activated, contributing to the growth of the AMO Market. #### What is the history of AMO Coin? AMO Coin was developed by Penta Security, a company with expertise in the automobile industry and blockchain technology. The project began with the vision to create a secure and reliable environment for sharing car data. The AMO Market was established as a blockchain-based car data market, providing an environment that facilitates exchange between data producers and consumers. The AMO Blockchain and AMO Platform were developed to support this market. As of July 2023, AMO Coin has a current supply of 21,200,000,000 with 19,100,000,000 in circulation.