Ambit Mining ICO

AMBIT

This is a mining operation established in the free economic zone, Tbilisi Georgia, uniting cloud mining and hosting services due to its good track record and experience in running a successful mining operation.

PROS:

• Transparency: The platform establishes itself as one of the leading operations due to transparency as every variable related to the mining operation is disclosed to the token holders
• Security: The platform protects the users data and access to the TFZ is restricted to unauthorized  personnel   and also employs additional 24/7 CCTV cameras  to provide  live footage facility
• Technology: The project employs adequate technology and uses the best mining equipment (ASICs and GPUs) in the market  to install cutting edge  and wiring solutions to optimize the costs and ensure maximum profitability
• Adequate experience: The platform use is based on extensive use is based on its experience having diversified mining farm in Georgia generating higher profits annually
• Tax-free: The TFZ is a tax free zone  hence exempted from corporate income tax  and trade in TFZ is VAT free enabling users to easily purchase mining equipment
• Green electricity: The mining geographical location  promotes its extensive use due to green electricity  and abundance of water hence ensuring low cost and clean electricity at only 5 cents per kW/h
• The platform has a good network of  an experienced team with relevant skills with the guidance of the CEO and the founder Beka Vashakidize. The other surrounding personnel  also have adequate skills to assist in the project  implementation

CONS:

• The AMBT is not tradable on the exchanges as it is not compatible with the other crypto currencies and fiat
• The project construction process requires adequate time as compared to the indicated time in the white paper
• The platform white paper is  missing more details

SUGGESTIONS:

• The platform whitepaper should be made detailed  with full information about the platform token to promote the users invest in it
• The  platform AMBT  token should be made exchangeable with the other crypto currency and fiat
• The project should be given more time for full implementation

NOTE:

The project enables easy mining and provision of electricity at lower cost however its requires to be launched for to be used widely across the globe, hindering me from investing in it.