[ANN] [ICO] Ambit (AMBT) Become part of the Mining Family

[AmbitICO]

Where will I find smart Contract of this project ??

In your dashboard

I don't understand the "Ownership" concept here. What does it mean?

From the whitepaper:
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 infrastructure, in order to match the increasing mining difficulty 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.
You can read more here: https://ambitmining.io/doc/Ambit-WhitePaper.pdf

I'm looking for some excellent projects，Is there an air drop or bounty event for this project?

You can check out the bounty here: https://bitcointalk.org/index.php?topic=3131155

What is the ROI if I invest in this project?

This here will help you determine that: https://ambitmining.io/#calc

Can we mine the Token?

No

What all platforms will the coin be listed?

We cannot comment on exchanges.

I don't get the purpose of your smart contract.
What makes this project different between other similar projects?

so there are few things:
1. We have experience in mining, we have successfully completed 2 projects that are fully operational and have achieved 100% on roi in 5 months. Can’t say the same about the competition
2. We are located in Tbilisi free zone, which means we are exempt from taxes, such as income tax, corporate tax, and most importantly VAT. So that gives us around 20% saving on our hardware purchases which means more miners which means more profitability. i don't like to talk about competition as I am not fully aware of their projects but you can do your own research what is the VAT in other countries. As for IRM there has been lot of negative news coming from KZ about them planning to ban mining, again do your own research.
3. Electricity cost, we have electricity at 5cents per kW/h, which is very competitive price across the world and it’s on paper. MIO has 6.5 euro cent, IRM i’m not sure.
4. We are doing our due diligence, we are a resposnible company that understands that we are a security, so to be compliant with SEC we are not accepting any US investors and do KYC on all our customers. IRM as far as i know doesn’t do KYC at all (which in my opinion is going to get them in lot of issues when they try to deal with banks) and MIO does KYC only on BTC (again i might be wrong)
5. We are not promising outrageous returns on investment compared to the above mentioned competitors (especially IRM which promises 350% ROI or something along these lines)
6. We are a diversified operation, meaning that we will be mining not only BTC but altcoins as well which minimizes the risk attached to one coin. Both IRM and MIO are only mining BTC
7. We are also offering hosting services as another option to diversify the risk to our token holders, as hosting provides a stable income despite the price on the market

[Storyline23]

We will be traveling to Dubai on a roadshow in a few days to meet potential investors, which should put us above the softcap

[Jianx]

remain confident friend, although slowly funding project ambit, but ambit will succeed in though only got soft cap. but i sure will get on soft cap

[LancelotRay]

Where will I find smart Contract of this project ??

In your dashboard

I don't understand the "Ownership" concept here. What does it mean?

From the whitepaper:
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 infrastructure, in order to match the increasing mining difficulty 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.
You can read more here: https://ambitmining.io/doc/Ambit-WhitePaper.pdf

I'm looking for some excellent projects，Is there an air drop or bounty event for this project?

You can check out the bounty here: https://bitcointalk.org/index.php?topic=3131155

What is the ROI if I invest in this project?

This here will help you determine that: https://ambitmining.io/#calc

Can we mine the Token?

No

What all platforms will the coin be listed?

We cannot comment on exchanges.

I don't get the purpose of your smart contract.
What makes this project different between other similar projects?

so there are few things:
1. We have experience in mining, we have successfully completed 2 projects that are fully operational and have achieved 100% on roi in 5 months. Can’t say the same about the competition
2. We are located in Tbilisi free zone, which means we are exempt from taxes, such as income tax, corporate tax, and most importantly VAT. So that gives us around 20% saving on our hardware purchases which means more miners which means more profitability. i don't like to talk about competition as I am not fully aware of their projects but you can do your own research what is the VAT in other countries. As for IRM there has been lot of negative news coming from KZ about them planning to ban mining, again do your own research.
3. Electricity cost, we have electricity at 5cents per kW/h, which is very competitive price across the world and it’s on paper. MIO has 6.5 euro cent, IRM i’m not sure.
4. We are doing our due diligence, we are a resposnible company that understands that we are a security, so to be compliant with SEC we are not accepting any US investors and do KYC on all our customers. IRM as far as i know doesn’t do KYC at all (which in my opinion is going to get them in lot of issues when they try to deal with banks) and MIO does KYC only on BTC (again i might be wrong)
5. We are not promising outrageous returns on investment compared to the above mentioned competitors (especially IRM which promises 350% ROI or something along these lines)
6. We are a diversified operation, meaning that we will be mining not only BTC but altcoins as well which minimizes the risk attached to one coin. Both IRM and MIO are only mining BTC
7. We are also offering hosting services as another option to diversify the risk to our token holders, as hosting provides a stable income despite the price on the market

That information about smart contract really helps clear things up, thanks for explaining it.

[drogas]

remain confident friend, although slowly funding project ambit, but ambit will succeed in though only got soft cap. but i sure will get on soft cap

Yes there are a lot of recent incentives that will push it above the soft cap i think that would make people want to invest.

For example the bonuses (18% discount, 3% refer a friend), any more further announcements ambit will make, the recent trip to dubai, so on.

[skelethon]

remain confident friend, although slowly funding project ambit, but ambit will succeed in though only got soft cap. but i sure will get on soft cap

Yes there are a lot of recent incentives that will push it above the soft cap i think that would make people want to invest.

For example the bonuses (18% discount, 3% refer a friend), any more further announcements ambit will make, the recent trip to dubai, so on.

indeed those are great incentives we really have to remain confident i think.

we'll definitely reach the cap this month i think.

[BeruchN]

We will be traveling to Dubai on a roadshow in a few days to meet potential investors, which should put us above the softcap

Great news

All the best to Ambit

[ICO Lancer]

What all platforms will the coin be listed?

We will see after the ICO or the cap ends, be patient.

[VenturaBro]

This is a project that can quickly enter, and such projects can quickly invest.This is a good opportunity to make a profit in the long term!

I think so as well. There are so many great things about. They already have an MVP making profit, a great development team with a very detailed whitepaper, and so on.

[hieusupper89]

Guys from ambt team, what is going on? Time is running, less than half month remains and still need about 800k USD 🤔🙄

[manlyxman]

Guys from ambt team, what is going on? Time is running, less than half month remains and still need about 800k USD 🤔🙄

Let's see how the trip to dubai will go hopefully it will attract more investors!

[Xioma]

Guys from ambt team, what is going on? Time is running, less than half month remains and still need about 800k USD 🤔🙄

Let's see how the trip to dubai will go hopefully it will attract more investors!

I am hoping on that as well. Will remain hopeful until then

[LeroyBro]

Guys from ambt team, what is going on? Time is running, less than half month remains and still need about 800k USD 🤔🙄

Let's see how the trip to dubai will go hopefully it will attract more investors!

I am hoping on that as well. Will remain hopeful until then

Yeah I think it's still doable, let's wait and see.

[LancelotRay]

remain confident friend, although slowly funding project ambit, but ambit will succeed in though only got soft cap. but i sure will get on soft cap

Yes there are a lot of recent incentives that will push it above the soft cap i think that would make people want to invest.

For example the bonuses (18% discount, 3% refer a friend), any more further announcements ambit will make, the recent trip to dubai, so on.

i agree those are great bonuses and think will attract more people to invest in ambit.

[drogas]

What is the ROI if I invest in this project?

You can see the ROI calculator on their website here https://ambitmining.io/#calc

[skelethon]

Guys from ambt team, what is going on? Time is running, less than half month remains and still need about 800k USD 🤔🙄

Let's see how the trip to dubai will go hopefully it will attract more investors!

Yes I'm confident ambit still has a few tricks up their sleeves left and i'll be patient until then.

[BeruchN]

Guys from ambt team, what is going on? Time is running, less than half month remains and still need about 800k USD 🤔🙄

Let's see how the trip to dubai will go hopefully it will attract more investors!

Yes I'm confident ambit still has a few tricks up their sleeves left and i'll be patient until then.

Hoping so as well. They said the were going to announce more things in the future.

[becruxrubbish]

Ambit Mining is an organization that was established in summer 2017, and is part of the bigger BFGroup Holding that also controls several business in Georgia such as petrol stations, poultry farm and an international audit firm. Find out more about us http://www.ambitmining.io

[TeraBite]

Ambit Mining is an organization that was established in summer 2017, and is part of the bigger BFGroup Holding that also controls several business in Georgia such as petrol stations, poultry farm and an international audit firm. Find out more about us http://www.ambitmining.io

Agreed with you they have operational business and running a profitable mining farm. They just want to expand the capacity of their mining power and they have good track record into this field. I also think this is great decision to invest into trustworthy business.

[ICO Lancer]

Ambit Mining is an organization that was established in summer 2017, and is part of the bigger BFGroup Holding that also controls several business in Georgia such as petrol stations, poultry farm and an international audit firm. Find out more about us http://www.ambitmining.io

Agreed with you they have operational business and running a profitable mining farm. They just want to expand the capacity of their mining power and they have good track record into this field. I also think this is great decision to invest into trustworthy business.

Yes and also Georgia is a very crypto friendly country as well, they have cheaper electricity and many incentives for crypto companies.