October 24, 2017
DescriptionAmberCoin is the first crypto currency that is backed by real assets. AmberCoin is an example of using the blockchain technology for managing the industrial company’s shares. Each AmberCoin is a share in Amber Trade LTD which is involved in the extraction, processing and trading of amber. Amber Trade LTD is an international holding with its headquarters in London. It unites a range of local companies specialising in extraction, storage, transportation, manufacturing and the sale of amber and items made from it. The company sells an amber mined from its own fields in the west of Ukraine.Our clients are companies from various countries of Europe, Asia and the Near East that trade amber as well as process it into semi-manufactured goods and off-the-shelf items. Current Amber Trade LTD turnover is 500,000-1,000,000 euro on monthly basis. Amber Trade LTD is a London-headquartered company, it is using the blockchain technology for managing the industrial company’s shares. Each AmberCoin is a share in Amber Trade LTD which is involved in the extraction, processing, and trading of amber from its field in western Ukraine. There is a total of 50 million ambercoin from the PoW and PoS stages. The PoW stage will result in 49 million ambercoin which represent 49% of Amber Trade Ltd. 9.8 million of the 49 million ambercoin can be mined. The remaining 39.2 million ambercoin is reserved for sale. Amber Trade LTD company's global mission is to make an amber to be the one of the types of currency reserves. Nowadays gold is strong reserve unit. In future we see an amber among the types of currency reserves... But that will need a years of hard work to come true. And today we have an AmberCoin that is fully backed by our own row amber reserves and company's profits from trading operations with amber.