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Frequently Asked Questions

Where is Ambit located?

Ambit mining is located in Tbilisi Free Industrial zone, Georgia, One of the most crypto friendly countries in the world, with favorable regulations, abundant green energy, and very business supportive environment.

How to generate your Ethereum ERC-20 compatible wallet address?

ERC-20 compatible wallet address

What are the advantages of Ambit Mining?

Ambit is located in Tbilisi free economic zone. We have low-cost green electricity at 0.05 USD per kW/h, exemption from corporate, income and value-added taxes. We will be using the most advanced available mining equipment from major hardware manufacturers, as well as cutting-edge cooling and wiring solutions to ensure maximum efficiency and profitability.

Is Ambit Eco-friendly?

Ambit Mining will run on 100% green hydroenergy, Which is the main power source in Georgia. Our goal is to use only renewable and sustainable energy resources. Green energy is the future of the blockchain and mining business, with our eco friendly approach we will make the mining business adaptable for a wider audience.

Who can invest?

People from all nations can participate in Ambit mining ICO except residents of the United States and green card holders. All participants need to check their local legislation before investing in an ICO.

What is minimum investment?

The minimum investment is 100$ equivalent of ETH or BTC.

What forms of payments are accepted during the ICO?

Investors can pay by transferring BTC or ETH from their personal wallets (note: do not transfer funds from exchanges, as those transfers cannot be credited).
When paying in cryptocurrencies, a transaction fee is charged by the relevant blockchain's infrastructure. You set its amount, and the transaction speed is determined by the transaction fee you have set.

When will the payouts begin and how will they work?

The first payments will begin from the hosting facility within 4 months after the end of ICO, full payouts are planned to start 6 months after the ICO.

Do I need a special wallet for the tokens?

You will need an ERC20 compatible wallet to store your AMBT tokens.

Where can I ask questions regarding the ICO?

Let's Chat!

Is there a bounty or affiliate program?

Details on the bounty program are available here : link

What is the KYC process?

Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients and it is very important for any financial institution. KYC process is essential for Ambit's future growth.
Verified KYC profile is mandatory to unlock your AMBT tokens during Pre-Sale and ICO sale. All KYC documents would need to be uploaded to our website. Only post verification, you will be able to activate your AMBT tokens.

What happens to unsold tokens?

Unsold tokens will be burnt at the end of the ICO.

Who receives the rest 15% of the tokens?

The rest of the tokens get distributed between Management, Advisors, Partnerships, Bounty and Community.

What is the price of AMBT Token?

1 AMBT is worth 0.5 USD

What is the minimum investment required to invest in Pre-Sale?

The minimum investment required to participate in AMBIT ICO Pre Sale is $100 equivalent of ETH or BTC.

Is there a discount structure for AMBIT ICO?

Yes, we have a discount mechanism for the ICO sale and it is given below:
Tranch I - 17,000,000 tokens 20% discount | 10 April, 2018
Main Sale
Tranch II - 20,000,000 tokens 10% discount | 01 May, 2018
Tranch III - 20,000,000 tokens 5% discount | 09 May, 2018
Tranch IV - 31,000,000 tokens no discount | 20 May, 2018

Can I send ETH from exchanges?

No. To participate in the Ambit ICO, you would need to send Ethereum or Bitcoin from your personal wallets only. You can use one of the following wallets: MyEtherWallet, MetaMask, Mist, Parity etc.