Project Overview

Ambit AMBT
The next generation mining infrastructure MINING • HOSTING • CLOUD MINING
Ticker
AMBT
Country
Georgia
Industries
Website
Contact Email
info@ambitmining.io
White paper
Platform
Total Supply
104000000 AMBT
Social Media
–
Medium
Bitcointalk
Telegram
Project Description
Description
About
Ambit Mining is a mining operation established in the free economic zone, Tbilisi, Georgia. In October Ambit Mining completed the construction of its first fully disclosed and diversified Mining farm, with the capacity of 1 Megawat (MW). Ambit Mining aims to expand the existing operation with crowdfunding (using Ethereum based smart contract) and make a large scale cryptocurrency mining operation
accessible to community.
Low cost, green electricity (0.05$ per kW/h), favorable government regulations, tax free zone, cutting edge technological solutions, all these factors ensure that Ambit Mining is one of the most profitable mining operations in the world. (100% ROI Achieved in just 5 months for the existing farm). Community members who will contribute to this project will have the opportunity to become part of the mining family at Ambit. Each Community Member will have access to regular and transparent information regarding the mining operation.
Ambit Mining contributors will receive Ethereum based AMBT Tokens that represent their share in Ambit Mining. These tokens will entitle the holders to the profit share from the Ambit Mining operation. 85% of the net profit will be available for token holders (Total Mining Yield), out of this 85%, 75% will be distributed as dividends, the remaining 25% will be reinvested to improve and upgrade our mining infrustructure, in order to match the increasing mining dificulty and maintain the same ROI over the years. If the cost of the actual reinvestment is less than 25%, then the remaining funds will be distributed as dividends as well.
On the existing mining operation, Ambit Mining has managed to achieve 100% ROI in just 5 months. However, due to the volatility of cryptocurrencies, the ROI might vary significantly. With currently available mining equipment and mining difficulty rate, at bitcoin prices of USD 11,000, Ambit Token will generate a yearly ROI of 141%, or over 400% over 3 year period. Which means that every 1 ETH invested will yield 4 ETH within 3 year timeframe.
In total there will be 104 million Ambit Tokens issued, out of which 85% will be available for crowdsale. The reminder will be allocated as follows: Team & Advisors 9%, Bounty Campaign 3%, Company Reserve 3%. All unsold tokens will be burned and there will be no further distribution of the tokens. All tokens allocated to team and advisors, will be vested for 6months, to ensure their in in the success of Ambit Mining.
ICO Overview
Ticker
AMBT
Accepted Payment Methods
MVP?
KYC/Whitelist
KYC & Whitelist
Soft Cap
3000000
Hard Cap
40000000
Restricted Countries
Bounty Program
Airdrop Overview
Current Status: Unknown
Description
–
Amount Available
–
Start Date
–
End Date
–
Private-Sale Overview
Private Sale Price
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Private Sale Goal
1000000
Private Sale Min Contribution
–
Private Sale Available for Sale
–
Private Sale Start Date
July 1, 2017
Private Sale End Date
–
Pre-Sale Overview
Current Status: Complete
Price
0.40
Goal
6800000
Minimum Contribution
100
Available for Pre-Sale
17000000 AMBT
Pre-Sale Start Date
April 10, 2018
Pre-Sale End Date
April 17, 2018
Public Sale Overview
Current Status: Complete
Public Sale Price
0.50
Available For Sale
71000000 AMBT
Public Sale Minimum Contrabution
–
Public Sale Start Date
April 20, 2018
Public Sale End Date
May 10, 2018
Team Members

Beka Vashakidze
Founder & CEO

Giorgi Inashvili
Chief Operational Officer

David Kochiashvili
Lead Software Developer
Project Advisors

Karan (Kay) Khemani
Chief Executive Officer of SPECTRE

Miguel Palencia
Chief Information Officer at Qtum Foundation

Andrii Matiukhin
Chief Technical Director at Hacken