Ambrosus Review: What’s Up With AMB?

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β–Ί Complete Review: https://www.coinbureau.com/review/ambrosus-amb/
β–Ί FREE Giveaway: https://www.coinbureau.com/promo/giveaway

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⛓️ πŸ”— Helpful Links πŸ”— ⛓️

β–Ί Website: https://ambrosus.com/
β–Ί Whitepaper: https://ambrosus.com/assets/en/-White-Paper-V8-1.pdf
β–Ί GitHub: https://github.com/ambrosus

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πŸ“±οΈ Socials πŸ“±

β–Ί Official Blog: https://blog.ambrosus.com/
β–Ί Twitter: https://twitter.com/AmbrosusAMB
β–Ί Telegram: https://t.me/AmbrosusAMB

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πŸ“ Project Overview πŸ“

Ambrosus is looking to streamline the food and pharmaceutical supply chains with blockchain technology and IoT devices.

They are developing a platform where you can track the flow of goods through the supply chain.

This will be stored immutably on the blockchain so that anyone can verify the authenticity of the goods.

βš™οΈ Technology βš™οΈ

Ambrosus was built on top of the Ethereum blockchain and there are three key components of the network.

These are the Measurements Repository, the Requirements Smart Contract, and the Amber Token.

In order to track the product through the supply chain, they have to rely on IoT devices. These include the likes of sensors, tracers and tags.

Ambrosus added a Javascript interface which would allow developers to create their own API solutions in a language that they know.

πŸ’°οΈ Token πŸ’°

Amber Tokens (AMB) provide information about the product.

However, they are also used for staking when you want to run a masternode on AMB-NET.

Ambrosus sold 40% of the AMB token supply in a crowd sale that took place in late 2017.

They managed to raise about 31 million dollars with each token being sold for about $0.30.

πŸ‘¨β€πŸ’»οΈ Team, Partners & Development πŸ‘¨β€πŸ’»

Ambrosus is based in Switzerland. The team has been expanding rapidly and has grown to 37 members, with openings for another dozen positions.

There have been quite a number of commits to the project’s GitHub over the past 12 months.

πŸ“ˆ Trading & Wallets πŸ“ˆ

Most of the trading is taking place on Binance where markets are really thin and liquidity is sparse. This makes trading difficult.

You also have the risk that a delisting of AMB tokens on Binance could destroy the liquidity.

For wallets, this is an ERC20 token so it can be stored on any wallet that supports Ethereum.

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πŸ“œ Disclaimer πŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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