[ANN]AMBROSUS: Trusted Quality of Food & Medicine - Blockchain Meets IoT

[Lana_K]

Hello, is bounty over? Because Google docs not updated.

hello, google docs are updated weekly. campaign is ongoing until the TGE is over

Ok. Thank you, but last week would be not rated. From 18 September to 25 September.

yes.last week the sheet of bounty did not update.i think the team should update it today.we need wait patiently.

THanks!
Bitcointalk Signatures - Updated.
Social Media - in progress/fixing some details.

[ambrosus]

detailed description of Amber is contained in the WP:
https://ambrosus.com/assets/Ambrosus-White-Paper-V8-1.pdf

Amber tokens remain bonded to a product until a defined expiration date or until the “termination event”, which can be defined by a purchase, delivery or any other event on the supply chain. End consumers can claim tokens at the end of the cycle. In thisway, tokens can be recycled and return to the ecosystem. The value gained by recycling tokens incentivizes consumers to purchase Ambrosus-tracked products. This cycle also benefits producers,who receive free promotion.

[eddiies]

hi.i want to know what is the ico's minimum goal?How can this project be a success?

[ambrosus]

Meet Ambrosus at TechInvest Monaco! We are presenting and exhibiting our supply chain protocol. 

http://www.techinvest-monaco.com/exhibitors/ambrosus

[minbosen]

Ambrosus wants to raise around 200,000 ETH.

Only 6,733 ETH have been invested so far.

https://etherscan.io/address/0xb47ad434c6e401473f1d3442001ac69cda1dcfdd

Is that ture? I though it would be sold out in a short time or as long as a few days, but I still think this project is promising, maybe some ICO regulations causing this progress slow.

[Zocadas]

Ambrosus is one of the most important projects, I think. It provides customers important informations, to stay healthy and to force industry and, companies and governments to rethink, because we can influence things by buying or not buying goods with the right information.

[ambrosus]

Ambrosus is one of the most important projects, I think. It provides customers important informations, to stay healthy and to force industry and, companies and governments to rethink, because we can influence things by buying or not buying goods with the right information.

Thank you for your kind feedback!

[Use.Your.Brain]

@ambrosus
Are these calculations correct:

You are trying to collect 425,203 ETH for 40% of the tokens (97,100 ETH in the presale + 328,103 ETH cap in the crowdsale).
That's $129,686,915 (@ 1ETH = $305).
This would value the company at $324,217,288.

In the presale you raised 97,100 ETH at 1 ETH = 1,366 AMB on average.

You want to raise an additional 328,103 ETH in the public crowdsale at 1 ETH = 1,000 AMB.

So far you have raised 7,006 ETH in the public crowdsale (2.1% of crowdsale cap).

In total you have raised 104,106 ETH (24% of total ETH cap).

[un3924035mixi]

We will keep this community informed over the next weeks.

[shrl24]

@ambrosus
Are these calculations correct:

You are trying to collect 425,203 ETH for 40% of the tokens (97,100 ETH in the presale + 328,103 ETH cap in the crowdsale).
That's $129,686,915 (@ 1ETH = $305).
This would value the company at $324,217,288.

In the presale you raised 97,100 ETH at 1 ETH = 1,366 AMB on average.

You want to raise an additional 328,103 ETH in the public crowdsale at 1 ETH = 1,000 AMB.

So far you have raised 7,006 ETH in the public crowdsale (2.1% of crowdsale cap).

In total you have raised 104,106 ETH (24% of total ETH cap).

1. And what will happen to the unsold tokens?
Will they be proportionally distributed among the participants in the ICO and pre-ICO? Will they be burned?

2. I'm confused that there is no soft cap. Will you be able to realize your objectives if you only raise 25% of ETH you were hoping to raise?

At first I didn't want to participate in this ICO, since I believed the project was overvalued. However, if we receive 3x to 4x the amount of AMB for the same ETH, it might be a lot more appealing.

[akhavr]

detailed description of Amber is contained in the WP:
https://ambrosus.com/assets/Ambrosus-White-Paper-V8-1.pdf

Amber tokens remain bonded to a product until a defined expiration date or until the “termination event”, which can be defined by a purchase, delivery or any other event on the supply chain. End consumers can claim tokens at the end of the cycle. In thisway, tokens can be recycled and return to the ecosystem. The value gained by recycling tokens incentivizes consumers to purchase Ambrosus-tracked products. This cycle also benefits producers,who receive free promotion.

Read the WP, watched videos, catched up with the thread.

Still don't understand the role of tokens in this pretty ambitious and very important project.

1. Will Amber token be the only token to be accepted as an escrow for a product delivery?    
  If yes - how do you expect to  handle price volatility?    50AMB now won't convert to the same amount in fiat 3 months later.  Even Bitcoin doesn't.  
  If no - what would be the incentive to use Amber tokens?

2. Even if AMB would be the only way to handle escrow in a smart contract, what would prevent actors from using other contracts, bound to the amber smartcontract result, to handle the payment outside the Amber ecosystem?  Say, I'd put 0.000001AMB in an escrow and create a smart contract with 500ETH in another escrow..

If users can use amber ecosystem w/o using AMB or using just nominal amounts of these, then this negatively impacts the buy sell of tokens on an open market, potentially driving the price down.

Or, in short, once again: what's the added value of AMB tokens?

[Blazin8888]

Platform, ensuring the quality, safety, and check the source of the food, of course, is a very interesting and in a great demand in our time, so I'm sure that it's a project with a future.

[ambrosus]

detailed description of Amber is contained in the WP:
https://ambrosus.com/assets/Ambrosus-White-Paper-V8-1.pdf

Amber tokens remain bonded to a product until a defined expiration date or until the “termination event”, which can be defined by a purchase, delivery or any other event on the supply chain. End consumers can claim tokens at the end of the cycle. In thisway, tokens can be recycled and return to the ecosystem. The value gained by recycling tokens incentivizes consumers to purchase Ambrosus-tracked products. This cycle also benefits producers,who receive free promotion.

Read the WP, watched videos, catched up with the thread.

Still don't understand the role of tokens in this pretty ambitious and very important project.

1. Will Amber token be the only token to be accepted as an escrow for a product delivery?    
  If yes - how do you expect to  handle price volatility?    50AMB now won't convert to the same amount in fiat 3 months later.  Even Bitcoin doesn't.  
  If no - what would be the incentive to use Amber tokens?

2. Even if AMB would be the only way to handle escrow in a smart contract, what would prevent actors from using other contracts, bound to the amber smartcontract result, to handle the payment outside the Amber ecosystem?  Say, I'd put 0.000001AMB in an escrow and create a smart contract with 500ETH in another escrow..

If users can use amber ecosystem w/o using AMB or using just nominal amounts of these, then this negatively impacts the buy sell of tokens on an open market, potentially driving the price down.

Or, in short, once again: what's the added value of AMB tokens?

1 - No. The volatility would be unacceptable for supply chain partners. The current use-case for Amber serves as a simple economic bond to prevent spam and encourage adoption, it's also tied to database maintenance too. It is correct though that other tokens can be used with the smart contracts but since there is a networking effect around Amber it isn't an issue

[ambrosus]

Platform, ensuring the quality, safety, and check the source of the food, of course, is a very interesting and in a great demand in our time, so I'm sure that it's a project with a future.

thanks for the great feedback

[irikefee]

can you please give more details about twitter post: <We are not soliciting any exchanges to list Amber tokens. Any exchanges deciding to list ERC20 Amber tokens are doing it without our request> and <this statement is made due to legal reasons. Just to prevent false rumours. Amber token is not a security or a financial instrument>?

[irikefee]

can you please give more details about twitter post: <We are not soliciting any exchanges to list Amber tokens. Any exchanges deciding to list ERC20 Amber tokens are doing it without our request> and <this statement is made due to legal reasons. Just to prevent false rumours. Amber token is not a security or a financial instrument>?

from our blog, explanation:

When people ask us when we are going to get listed on exchanges, we have to give what may appear to be stupid responses like “we cannot comment on the listing of Amber on exchanges. We are not soliciting any exchanges to list Amber tokens”. Some people interpret it as shooting yourself in the foot. We do this in accordance with the legal advice we receive from MME, the most competent Swiss lawyers in the areas of Fintech/Blockchain and Anti-Money Laundering / Financial Crime. We DO know that getting Amber listed on the exchanges is something that the community wants. Likewise, we are stressing that Ambrosus TGE is not an Investment Offering to make it clear to the participants that it is not. Most ICOs that use the word “invest” misleadingly, which is their choice. Due to our legitimacy and association with the Swiss and European public authorities, respected industrial players and international organisations, we take a very careful policy towards transparency and regulation. This may not be very PR friendly and might be hurting the hype, but this is what secures us support of the public sector stakeholders, whose support will help adoption of Ambrosus protocol for quality and safety norms/regulations in the future.

I really appreciate the project's manners in handling legal and legitimacy of this clearly long term commitment. Efforts in developing a real service which can truly create a successful organization is a winner key for making a difference in today's Altcoin scams all over the world.
I'm concerning in long term future of token holders, which the project consider not investors, but probably "contributors" (you may explain better what they are).
Cannot deny that token holders have somehow "contibuted" financially to the TGE and surely they want to have a bigger and clear picture of what are they going to hold in future...if not a commodity.
I believe is very important to give them a porpouse or a reason to partecipate to the TGE, to avoid misunderstanding and not get considered milking cows.

[Use.Your.Brain]

can you please give more details about twitter post: <We are not soliciting any exchanges to list Amber tokens. Any exchanges deciding to list ERC20 Amber tokens are doing it without our request> and <this statement is made due to legal reasons. Just to prevent false rumours. Amber token is not a security or a financial instrument>?

from our blog, explanation:

When people ask us when we are going to get listed on exchanges, we have to give what may appear to be stupid responses like “we cannot comment on the listing of Amber on exchanges. We are not soliciting any exchanges to list Amber tokens”. Some people interpret it as shooting yourself in the foot. We do this in accordance with the legal advice we receive from MME, the most competent Swiss lawyers in the areas of Fintech/Blockchain and Anti-Money Laundering / Financial Crime. We DO know that getting Amber listed on the exchanges is something that the community wants. Likewise, we are stressing that Ambrosus TGE is not an Investment Offering to make it clear to the participants that it is not. Most ICOs that use the word “invest” misleadingly, which is their choice. Due to our legitimacy and association with the Swiss and European public authorities, respected industrial players and international organisations, we take a very careful policy towards transparency and regulation. This may not be very PR friendly and might be hurting the hype, but this is what secures us support of the public sector stakeholders, whose support will help adoption of Ambrosus protocol for quality and safety norms/regulations in the future.

I haven't read this much bs in a long time:

Why would people give you ETH in exchange for tokens if not as an investment ?

Why would people give you ETH in exchange for tokens if they couldn't be traded on exchanges?

You know exactly that people give you money as an INVESTMENT and in order to TRADE AMB on exchanges.

But writing this bs shows that either you are idiots, think your INVESTORS are idiots or think the authorities are idiots.

Quote "We are not soliciting any exchanges to list Amber tokens. Any exchanges deciding to list ERC20 Amber tokens are doing it without our request."
-> Then make the tokens non-transferable, so AMB can't be traded on exchanges. You are enabling trading by unlocking the tokens.

Quote "Likewise, we are stressing that Ambrosus TGE is not an Investment Offering to make it clear to the participants that it is not."
-> Then don't take money from your INVESTORS. You are soliciting INVESTMENT.

I can only hope that someone will take you to court over this.

[Metropolis1987]

Use-your-brain,

If you want to pile on about tokens being an investment, why would you go after arguably the most compliant ICO ever to try and generate tokens? I'm not sure it's your intention or not but it screams FUD or someone who hasn't actually looked at their project. If Ambrosus goes to court so would every other ICO ever....including Ethereum! (which was also an ICO in case you didn't know)

They're [Ambrosus] is trying to set the benchmark and abide by all regulations -- which is something that is obviously needed for a project planning to forge relationships with government and the UN. They clearly aren't stupid and will likely be listed on exchanges, but they can't say that for legal reasons as well as the fact exchanges do not like it when projects get ahead of themselves and say these things. Can you point to any credible ICO that has said otherwise recently? Umm no. If an ICO is talking about exchanges or how it's an investment that is a red-flag to run for the hills. It would tell me they are the stupid ones and they either don't give a shit about compliance/regulation or don't care in which case a rational individual could only conclude they're in it for the short-term. Why do I come to this conclusion about being listed on exchanges in the future? Look at their advisors -- some of them have tie ins (equity or partnerships) with exchanges, so yeah put 2 and 2 together on your own. I can safely say these things because this is speculation on my part. Ambrosus hasn't told me this, and no I don't work for them (I did 'invest' however). I just did my own homework and realized that this is most likely the case.

PS - the tokens HAVE to be transferable. I encourage you to read the whitepaper because you'd learn the token (amber) is tied to the supply chain of materials/products. It can and will be sliced & diced as supply chain logistics dictate.

[Use.Your.Brain]

Use-your-brain,

If you want to pile on about tokens being an investment, why would you go after arguably the most compliant ICO ever to try and generate tokens? I'm not sure it's your intention or not but it screams FUD or someone who hasn't actually looked at their project. If Ambrosus goes to court so would every other ICO ever....including Ethereum! (which was also an ICO in case you didn't know)

They're [Ambrosus] is trying to set the benchmark and abide by all regulations -- which is something that is obviously needed for a project planning to forge relationships with government and the UN. They clearly aren't stupid and will likely be listed on exchanges, but they can't say that for legal reasons as well as the fact exchanges do not like it when projects get ahead of themselves and say these things. Can you point to any credible ICO that has said otherwise recently? Umm no. If an ICO is talking about exchanges or how it's an investment that is a red-flag to run for the hills. It would tell me they are the stupid ones and they either don't give a shit about compliance/regulation or don't care in which case a rational individual could only conclude they're in it for the short-term. Why do I come to this conclusion about being listed on exchanges in the future? Look at their advisors -- some of them have tie ins (equity or partnerships) with exchanges, so yeah put 2 and 2 together on your own. I can safely say these things because this is speculation on my part. Ambrosus hasn't told me this, and no I don't work for them (I did 'invest' however). I just did my own homework and realized that this is most likely the case.

PS - the tokens HAVE to be transferable. I encourage you to read the whitepaper because you'd learn the token (amber) is tied to the supply chain of materials/products. It can and will be sliced & diced as supply chain logistics dictate.

As usual it's a newbie with his first post coming to defend Ambrosus.

All I see with Ambrosus is a company PRETENDING to abide all regulations while knowingly taking money from INVESTORS. And as you mentioned, they seem to be pursuing listings on exchanges after all through their (or should I say your ) advisers.

[Metropolis1987]

Ad-hominem attacks instead of directly addressing my counterpoints on their merits. And then double down with an attack on pure rumors & straight FUD. I looked forward to having a constructive discussion but I mean if that's your rebuttal.. slightly disappointing but whatever, ok cool. I believe I've made my point quite succinctly and I'm sure neutral observers can reach their own conclusions from here. Enjoy the rest of your day!