While Amulet aims to adhere to the Solvency II capital requirement as part of its capital model, the purchase of any coverage does not guarantee full claim payouts of all losses on the protected assets, in particular, if there are insufficient assets at Amulet's disposal.
Amulet is not licensed or regulated by the Monetary Authority of Singapore or any regulator in any jurisdiction.
All covers provided through Amulet are not contracts of insurance. The cover products only offer discretionary protection to cover purchasers. The Claim Committee has full and final discretion on whether or not a claim is approved for a successful payout.
Assets staked in the underwriting mining pool will be at risk as they may be used for the claim payout in the event a claim is approved. For details, please refer to Claim Payout Structure.
Assets staked in the underwriting mining pool may be temporarily locked on the onset of a claimable risk event to ensure that in the event there is insufficient PCR to cover claim payouts, there will still be funds available to settle outstanding claims.
There is an inherent risk of cyberattacks occurring. In the event of a cyberattack on the capital pools, staked assets may be unexpectedly drained and suffer permanent loss.
Visitors accessing the website should seek advice from an independent financial adviser or other professional advisers regarding the suitability of the products on Amulet before making any purchase. Amulet does not take into account of any personal investment objectives, specific investment goals, specific needs or financial situation and makes no representation and assumes no liability for the accuracy or completeness of the information provided here.
The information and publications are not intended to be and do not constitute financial advice, investment advice or any other advice or recommendation of any sort.
$AMT tokens are cryptographic utility tokens for use to access the functionalities of Amulet and its related use cases which include voting on proposals and community governance and as a mode of payment of incentives for capital provision to the capital pool and participation in other community activities.
Therefore, $AMT tokens should not be identified or construed as a security or financial instrument of any kind and any potential acquirer of $AMT tokens should only acquire $AMT tokens for the intended utility and in such quantities as will actually be used by such acquirer to access the functionalities of Amulet and related use cases.
$AMT tokens are not intended for sale, distribution and/or use by Excluded Persons. Accordingly, Excluded Persons should not purchase, acquire and/or use $AMT tokens and/or Amulet.
“Excluded Persons” refers to the following person(s) : (1) a person who is a citizen, domiciled in, resident of, or physically present / located in an Excluded Jurisdiction; (2) a body corporate: (a) which is incorporated in, or operates out of, an Excluded Jurisdiction, or (b) which is under the control of one or more individuals who is/are citizen(s) of, domiciled in, residents of, or physically present / located in, an Excluded Jurisdiction; (3) an individual or body corporate included in United Nations Consolidated List (accessible at https://www.un.org/securitycouncil/content/un-sc-consolidated-list); and/or (4) an individual or body corporate which is otherwise prohibited or ineligible in any way, whether in full or in part, under any laws applicable to such individual or body corporate from purchasing, acquiring and/or using $AMT tokens and/or Amulet.
“Excluded Jurisdiction” means any of the following jurisdictions : (a) the People’s Republic of China; (b) the United States of America; (c) a jurisdiction identified by the Financial Action Task Force (FATF) for strategic AML/CFT deficiencies and included in FATF’s listing of “High-risk and Other Monitored Jurisdictions” accessible at http://www.fatfgafi.org/publications/high-risk-and-other-monitored-jurisdictions; and/or (d) a jurisdiction in which the sale, distribution and/or use of $AMT tokens and/or Amulet would (i) constitute an offering of securities or capital markets products; and/or (ii) would be subject of regulation and/or licensing.