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Amulet Stock

Amulet

AMU

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Amulet Whitepaper

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Amulet FAQ

What are the practical applications of Amulet?

Amulet (AMU) is an innovative Web3 platform that distinctively integrates investment and insurance, offering users the capacity to earn securely with inherent loss protection. Fully embedded in the Solana ecosystem, Amulet debuted as the first and exclusive DeFi insurance protocol on Solana in early 2022. It has since advanced to Amulet V2, broadening its scope to include Ethereum and its Layer 2 solutions. One of Amulet's primary real-world applications lies in business development incentives. By providing AMU tokens as rewards, businesses can stimulate growth and engagement within their ecosystems. This incentivization promotes innovation and participation across various projects. Liquidity mining represents another critical application. Users can supply liquidity to decentralized exchanges and receive AMU tokens in return. This mechanism not only bolsters the platform's liquidity but also rewards users for their contributions, fostering a symbiotic environment. Amulet is also instrumental in loyalty programs. By integrating AMU tokens into loyalty initiatives, businesses can reward their customers for their ongoing support. This practice enhances customer retention and improves the overall user experience. Staking rewards constitute a fundamental component of Amulet's ecosystem. Users can stake their AMU tokens to receive additional rewards, encouraging long-term holding and stability within the platform. This staking process also aids in securing the network and maintaining its integrity. Community airdrops serve as another application for distributing AMU tokens to users to boost awareness and participation. These airdrops can help attract new users and motivate existing ones to engage more actively in the platform's activities. Risk management strategies for Web3 users are central to Amulet's offerings. By offering decentralized insurance, Amulet assists users in mitigating risks associated with their investments, enabling them to participate in the DeFi space with increased confidence and security. Amulet's integration with DeFi, NFTs, yield generation, arbitrage, and decentralized insurance further highlights its versatility. Users can utilize AMU tokens in various financial activities, enhancing their earning potential while benefiting from the platform's inherent protections. Amulet's distinctive combination of enhanced yield strategies, transparent risk profiles, and parametric protection enables users to earn risk-adjusted yields within a secure and innovative environment. This blend of features positions Amulet as a comprehensive solution for Web3 users seeking both growth and safety in their investments.

What significant events have occurred for Amulet?

Amulet, a pioneering Web3 platform, integrates investment and insurance to provide users with secure earning opportunities and built-in loss protection. Deeply embedded within the Solana ecosystem, Amulet has made significant progress since its launch. Amulet V1 was introduced in early 2022, debuting as the first and only DeFi insurance protocol on Solana. This initial version was focused on delivering decentralized insurance solutions, taking advantage of Solana's high-speed and low-cost transactions to offer users a seamless experience. The introduction of Amulet V2 marked a significant milestone, transforming the platform into a comprehensive solution that merges yield generation with protection. This evolution enabled Amulet to extend its offerings beyond Solana to encompass Ethereum and its Layer 2 solutions, appealing to a wider user base. The platform's advanced yield strategies, transparent risk profiles, and parametric protection mechanisms have been crucial in attracting a diverse array of users seeking risk-adjusted returns. Amulet has also instituted a loyalty program to incentivize and reward its community. This program has been essential in promoting user engagement and retention, ensuring that participants remain active and invested in the platform's development. The native token, AMU, is pivotal to the ecosystem. It facilitates governance, allowing token holders to engage in decision-making processes, and serves as an incentive, rewarding users for their contributions and loyalty. Amulet's active involvement in the Solana blockchain and DeFi ecosystems is evidenced by its participation in various events and conferences related to cryptocurrency and blockchain technology. These engagements have enabled Amulet to build strategic partnerships and expand its offerings on the Solana blockchain, leveraging its Proof-of-Stake (PoS) network for consistent returns and insurance services. Supported by prominent investors such as Solana Ventures, Gumi Cryptos, and Animoca Brands, Amulet's vision is to create a secure environment where Web3 users can earn with confidence. The platform’s dedication to innovation and user protection continues to propel its development and expansion within the broader Web3 space.

Who are the founders of Amulet?

Amulet (AMU) is a cutting-edge Web3 platform that combines investment with insurance, providing a secure environment for Web3 users to earn with integrated loss protection. Despite its innovative concept and strong integration within the Solana ecosystem, the details about the founders of Amulet are not disclosed. The platform has evolved from Amulet V1 to Amulet V2 and is supported by notable investors such as Solana Ventures, Gumi Cryptos, and Animoca Brands. However, there is no available information about the creators at the time of writing.

Investors interested in Amulet are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.