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Ambit

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Ambit ICO details

Start Date: 2018-4-10

End date: 2018-5-10

    • Category: Cryptocurrency
    • Token: AMBT
    • Platform: Ethereum
    • Type: ERC20
    • Initial price: 1 AMBT = 0.50 USD
    • Tokens for sale: 88,000,000
    • Accepting: BTC ETH Fiat
    • Soft cap: 3,000,000USD
    • Hard cap: 40,000,000USD

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.
ambit farm
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.
ambit benefits
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.

Team

Beka Vashakidze

Founder & CEO

Giorgi Inashvili

Chief Operational Officer

David Kochiashvili

Lead Software Developer

Aleksey Kuksin

Software Architect

David Gelashvili

Partner at BDO Georgia

George Khmaladze

Chief Financial Officer

Levan Nadiradze

Chief Project Manager LinkedIn

Tato Tsintsadze

Chief Energy Officer

Mikheil Todua

Head of Marketing

Nino Lazarashvili

Graphic Designer

Revaz Kuparadze

Marketing Strategist

Zakro Gogolidze

Senior Web Developer

Tornike Sekhniashvili

Visual Specialist

Lasha Nozadze

Digital Strategist

Vasil Otiuridze

Hosting & Mining Manager

Ioseb Kistauri

Chief Technology Officer

Giorgi Jakonia

System Administrator

Markus Baist

Project Manager

Daniel Bianchini

Project Manager

Ambit Advisors

Karan (Kay) Khemani

Chief Executive Officer of SPECTRE

Miguel Palencia

Chief Information Officer at Qtum Foundation

Andrii Matiukhin

Chief Technical Director at Hacken

Nodar Kolmakhidze

Chief Investment Officer at Cindicator

Davit Mrelashvili

Region Lead: CIS & Eastern Europe of ZenCash

Vasil Revishvili

Partner, CIO at Thales Investments

Hitesh Juneja

Chief Marketing Officer at SPECTRE

Daniel Espaillat

Entrepreneur/Cryptocurrency Investor/Bitcoin Enthusiast/ICO Advisor

Milestones

July 2017
Initial round of private funding of 1 million USD.
September 2017
Construction of 11000 megahash GPU farm.
November 2017
Construction of 1 MGW diversified farm in TFZ.
April 3, 2018
Presale of Ambit MiningICO.
February 2018
Existing 1MGW farm 100 % ROI.
January 2018
Existing GPU Farm 100 % ROI.
April 14, 2018
Main sale of Ambit Mining ICO.
May 2018
Laying foundation for Ambit Hosting and mining facility.
July 2018
Hosting Services go live.
October 2018
First full dividend payout from Ambit Hosting and Mining Farm.
September 2018
Ambit Mining Farm is completed.
August 2018
First dividend payout from the Ambit hosting income.
May 2019
100% Return on Investment achieved, Cloud mining service offered to the token.
Q2 2020
Acquisition of hydroelectric station for the extra source of electricity.
Q3 2021
Production of own ASICS chips.

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