Topic: [ANN] [ICO] Ambit (AMBT) Become part of the Mining Family - page 51. (Read 27018 times)

I think we should about the road map goals, after the soft cap will be successfully achieved!

According to roadmap already in June funds will be allocated for mining facilities, so let's see what will happen!

Yeap, and really you cannot often see the project which cares about environment.

No doubt, as Ambit grows, so will their potential to scale up effectively. It's a mining project after all and they show a lot of potential in that sense.

True, also how effectively ambit can scale up leads me to believe they have a lot of potential to be successful.

What I really like about ambit is the green electricity and renewable energy part.

Not a lot of mining projects and ICOs focus on this I think and I really value ambit for taking this route.

That's correct. Here's more info about it from ICOguide https://icoguide.com/en/blog/5-most-crypto-friendly-countries-in-europe

Yeah not to mention Georgia is very crypto friendly in terms of regulations and electricity.

I am also interested, when will we see Ambit at exchanges? What do you think will it be as expected?

What do you mean bull market declared?

Nothing is completely safe in crypto world, but in case of ambit main advantage of the project is that Georgia is crypto friendly country, besides the project description itself do not includes anything illegal.

Ambit is going much more closer to the soft cap, and not is much more real that the project will be implemented, so in case if the soft cap will be reached during the public sale, will you follow the road map? I mean timeline

All ICOs are risky, but I do not think that there is smth wrong with Ambit

We cannot say in general, some projects are illegal itself or some of them do not go in line with country regulations. As to ambit I think that it will be safe, as they already have some activities in the field.

Totally agree, all projects are accompanied with risks in the crypto world, so we shall face them, and invest only the amount of money we can afford to risk.

What do you mean under safety? If you mean country, than Georgia is much more safe then Russia in terms of crypto.

When will be bull market declared,  when btc crosses 10k mark?

Since it is fully licensed mining form that kind of risk which that mate arose isn't here and other investment risk team has already explained. You should assume risk without of it there is nothing but those projections of all kinds of markets situation still looks good. This part of the project made it attractive for me to take risk. Initial coin offering is having good response from investors is good for everyone.

Every project has risk.
From page 17 of the whitepaper (which you can find here https://ambitmining.io/doc/Ambit-WhitePaper.pdf ) :

RISKS
See below for some of the risks inherent in cryptocurrencies and ICOs in general.

The risk of failure to fund the project is present. We will fully refund all token holders to their payment wallet addresses, less transaction fees, should this unlikely event occur.

The Ambit Mining Token (AMBT) may be influenced by market trends once listed on the exchanges. The value of AMBT may be influenced by events out of control of the cryptosphere, including fraud, legislative changes, tax treatment changes, new disruptive technologies and organized crime.

AMTB may not ever be tradale on the exchanges.

The mining software may not meet expectations.  There are many points of failure in this program innovation process.  Changes in mining difficulty may squeeze profit margins into insignificance after costs.
 
Construction timeline specified in the whitepaper is based on the reasonable estimates, but it is not guaranteed.

Alternative technologies may be developed that negate the need for cryptomining and related services. This is one of the strengths of Ambit Mining, because if one product line fails for unforeseen events, then the revenue from hosting services is still available for the organization use as a source of income.

 Cryptocurrencies are extremely volatile, AMBT may suffer from these severe pricing changes. Most of the ICO funds will be spent immediately on mining hardware, so this risk does still exist for some of the funds held in cryptocurrencies produced by mining activities and not yet distributed as profit share.

Tokens may in future fall under as yet undefined tax law changes, which could significantly affect the efficiency of this type of token.

The Tokens could also face the risk of limited or no liquidity in the market. Should this happen you will not be able to sell your tokens on the exchanges.

Breakthroughs in the field of cryptographic technology could destabilize the whole industry. An example of this would be the use of quantum computers to mine Proof-of Work coins and therefore mine all available coin resources in a very short space of time. However, should this happen, the traditional banking system would be equally adversely affected.

There are no guarantees that the Tokens will increase in value; volatility in the crypto exchanges mean that the price of this Token might, at some point in the future, come down.

It is possible that the organization will fail to launch or if launched, will fail to meet profitability targets set out in the Business Model document.

Ambit Mining performance may be interrupted, suspended or delayed due to force majeure circumstances. For the purposes of this White Paper, force
 majeure shall mean extraordinary events and circumstances which could not be prevented by Ambit Mining and shall include: acts of nature, wars, armed conflicts, mass civil disorders, industrial actions, epidemics, lockouts, slowdowns, prolonged shortage or other failures of energy supplies or communication service, acts of municipal, state or federal governmental agencies, other circumstances beyond Ambit Mining’s control, which were not in existence at the time of Token Launch.

Is this completely safe ? Or there is always that little risk ? Because I read about the crypto farm in Russia that has been raided by the police