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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.



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.

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.