4 days left for trading start. Would be interesting to see exchange volume in few months.
Yes, that will be interesting. I wonder how will the payouts work in case daily volume will be let's say 1.5M$ (AMDEX being in Top100) The monthly fees would be around 30BTC, and with AMDEX ico price of 0.00023, it would be ~130k AMDEX needed, which is close to the half of total supply. So, I guess AMDEX price should increase a lot just in order to reduce the demand needed for payouts. With 10x increase it would be only reasonable 13k required monthly
You can not wait for market to be bullish for unlock the tokens. Since Ambit team has declared market's conditions unfavorable it has been down. Without any critics it is straight questions what if market continues like this for next 12 months as anything is possible. What will they do you have to face the market to prove your abilities. In bullish market anyone can make business but launch in hard times has its own taste.
You're right but they don't care :-) Ambit team -> unlock the tokens!
I found something that made me interested in creating an account at Amsterdex. I found the word below:
"No ID verification We honor your privacy. The only thing we need is email address for communication. All sensitive data is encrypted and will never be shared with others. "
So, when I make an Exchange Amsterdex account I don't need to use a Driver Licenses, Passport or ID Card?
Correct! All we need is an email address to send you confirmation emails for withdrawals etc.
it's huge advantage - hopefully it will never change
Everything depends on the price of Ethereum this is what is coming out from the update. They could at least take the token to exchanges and let the people be busy with it while many other people could become familiar with the project. There is no guarantee that Ethereum will be back at $500 anytime soon it might be or not be in couple of months. Dividends part is understandable but what stops them to approach exchanges that I don't get at least.
I don't get it either - anyone knows the relation between giving the users possibility to move their AMBT tokens and the price of ETH?
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BoardAnnouncements (Altcoins)
Re: [ANN] [XEL] :: Elastic - The Decentralized Supercomputer ::
https://folex.io/ is a still new exchange so you may want to trade with caution ^_^
I will not dep my BTC to Folex to trade in the next four weeks. I will wait to see how the Folex exchange perform before send my coins to the platform to trade.
They haven't even started yet - the launch scheduled in ~17 days
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BoardAnnouncements (Altcoins)
Re: [PIO] Pioneershares - The Tradepioneers.com Exchange Profit-Share Token
After reading update it looking we have to wait for few more months until ETH price get back to above $500 otherwise they will keep repeating this strategy after postpone. If they will pay dividends in ETH than it is not a big problem whether market is down or up.
Their message is vague, but I think what they mean is that they weren't able to launch the facility because they didn't want to spend too much of their ICO ETH holdings at declining prices. They probably made mistake not cashing out just enough money to complete the facility, so the mining could not start, and no dividends can be paid out. With ETH at $200 they're likely out of ICO funds now (since they continue to build the facility somehow), so paying dividens wouldn't be possible, and using ICO funds for this would be plain crazy anyway.
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Re: [ANN] [XEL] :: Elastic - The Decentralized Supercomputer ::
Hello. Ambit tokens are still locked. They will remain locked until after the first dividend payment is made. You cannot transfer them from one wallet to another until they are unlocked.
Hello, Oh, thanks for details. Then I wait when will be unlock Ambit tokens. May be I will sell on exchange after listing.
I agree with the team's decision to lock the token because that way the Ambit token price will remain as stable as when listing on the market later.
any work that the team is doing is certainly for the best for all. because I believe all the team who manage this project will not make all participants disappointed.
Oh really? So they should remove kyc for dividend payouts - that would certainly be for the good of all holders.
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Re: [ANN] [XEL] :: Elastic - The Decentralized Supercomputer ::
Finally we hear few words from dev about dividends payout but it is not finalized yet. Good to see they are making speedy progress to build new building to expand their capacity of mining so that I hope soon they will announce final date for 1st dividends payout.
They should communicate delays clearly and promptly. Also, kyc for dividends will be a burden for this project - without kyc there would have been much more people to buy it on exchange(s) in the future
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Re: [ANN] [XEL] :: Elastic - The Decentralized Supercomputer ::
Who know where can I sell my Ambit tokens today? Have added AMBT to any exchange listing?
As I can remember tokens are locked until after the first dividend payment.
Yep. and if there are no change, the first payment dividend planned will be given on August 31
Ok. How can get payment dividend?
Will get dividends each who have Ambit tokens? It's will be good for us.
Partly correct , You need to make an account here : http://ambitmining.io/ and then register your eth address (one that hold ambit) And do KYC.
Why is KYC needed for dividend payouts? Is it confirmed by Ambit representative...?
"kyc is mandatory if you want to receive dividends" source : https://t.me/CCNChat/96202 since it still locked and you cannot trade it anywhere, there is only 2 type of ambit holder right now, ICO participant and bounty participant. All ICO participant already done their KYC right before they invest, Only bounty participant that need to do this now.
What about those people who will buy this token from exchanges to get paid from this dividends model than it will become complicated for those and it will lost its charm. They should keep this simple like PundiX or TaaS where everyone who holding their into personal wallets or supported exchanges are eligible to get their shares. I don't like this structure which won't help this ecosystem.
As stated from the beginning of the project, anyone wanting to collect dividends will have to register and go through the KYC process.
this is bad idea - it'll reduce volume on exchange(s) and generally won't bring you too many fans in the future