Re: [ANN] [ICO] Ambit (AMBT) Become part of the Mining Family | Presale April 3
In 01:16 of the video you're referring to... it says, 85% of mining operations.
Page 8 of WP (5th paragraph), says 85%
Then on the ICO website, it says 25% reinvested (so 75% released)
and in WP page 4 (3rd paragraph) its 75%
WP page 5 also says its 75%
So which one is the correct? 75% or 85%?
Thanks
Keep in mind that 85% of the supply is available in the ICO.
Also (somewhat?) unrelated here is an Ambit explainer video https://youtu.be/B4OQLF5Zvas
Page 8 of WP (5th paragraph), says 85%
Then on the ICO website, it says 25% reinvested (so 75% released)
and in WP page 4 (3rd paragraph) its 75%
WP page 5 also says its 75%
So which one is the correct? 75% or 85%?
Thanks
Hi ambitico
Why the calculator on your website, assumes you're distributing 75% of revenues (25% reinvest & 75% released)
While in the white page it says its 85% of the revenues?
Why the calculator on your website, assumes you're distributing 75% of revenues (25% reinvest & 75% released)
While in the white page it says its 85% of the revenues?
Keep in mind that 85% of the supply is available in the ICO.
Also (somewhat?) unrelated here is an Ambit explainer video https://youtu.be/B4OQLF5Zvas
How it works is that token holders are entitled to 85% of net profit (85% of supply available), out of which 75% is distributed as dividend and 25% is kept for reinvestment for improving and upgrading the farm. If the actual reinvestment is less than 25% the remainder funds will also be distributed as dividends. We are updating that section in the whitepaper to make it more clear.