Ico Start Date: 01-May-18
Ico End Date: 30-May-18
How does the project create value to the ecosystem and differs from competing projects: Ambit mining is the only ICO with the existing mining infrastructure, experience and proven track record. All this is reflected on “Ambit Mining” youtube channel. The company is located in Georgia, Tbilisi Free economic zone, which gives various benefits such as, cheap green electricity of 5 cents, no tax or VAT, and favorable government regulations. It partners with major mining hardware and cooling system manufacturers, farther decreasing consumption of electricity. Our main value is transparency and experience. Every variable related to the mining operation will be disclosed to the token holders, each token holder will have voting right to influence important business decisions.Cryptocurrency
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 rate, at bitcoin prices of USD 13,000, Ambit Token will generate a yearly ROI of 171%, or over 500% over 3 year period. Which means that every 1 ETH invested will yield 5 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 distri of the tokens. All tokens allocated to team and advisors, will be vested for 6months, to ensure the interest in the success of Ambit Mining.
Initial round of private funding of 1 million USD.
Construction of 11000 megahash GPU farm.
Construction of 1 MGW diversified farm in TFZ.
Presale of Ambit MiningICO.
Existing 1MGW farm 100 % ROI.
Existing GPU Farm 100 % ROI. ￼￼￼
Main sale of Ambit Mining ICO.
Laying foundation for Ambit Hosting and mining facility.
Hosting Services go live. ￼￼￼
First full dividend payout from Ambit Hosting and Mining Farm.
Ambit Mining Farm is completed.
First dividend payout from the Ambit hosting income.
100% Return on Investment achieved, Cloud mining service offered to the token.
Acquisition of hydroelectric station for the extra source of electricity.
Production of own ASICS chips.
I saw these guys in Zurich this week. They have a very good project with many benefits whihc you will not be aware of unless you read the white paper and look into more. They are in a economic special zone, no VAT, no taxes , low power costs in one of the upcoming countrie sthat is very good for new investments. They have done well so far , have a modular system and are a lot in their favour. They are a way better bet than some of the other ones in this field who have failed to deliver like the two girls. Good luck to team and I hope that coming from Georgia does not impact the raise for you. They have also not got a shopping list of name plate adviosr but a lits of advisors who will be very beneficial on the business side, shame more dont follow that example