What Is Ambitfiance (AMBIT)? Complete Guide & Review About Ambitfiance

Lixu Web 2 years Ago

Last Updated: 12/12/2022

What Is Ambitfiance (AMBIT)?

Ambitfiance , representing a new breed of DeFi apps, will enhance the utility of BUSD and other assets across the BNB Chain ecosystem. The project is powered by an experienced team with a diverse background, which includes former Anchor Protocol leadership..

Ambit relies on the support of both old and new protocol communities, building its cutting-edge protocol with an emphasis on security and sustainability as well as incentivizing loyal community members.

Ambit will enable new use cases for BNB Chain users with the creation of a yield-bearing BUSD-based stablecoin designed to provide sustainable yield throughout all market conditions. The project’s multi-phased roadmap will also see it deliver a DeFi Superapp incorporating both existing DeFi functionalities like collateralized lending and innovative solutions for domains like under-collateralized margin lending and structured products for financial institutions. Ambit’s North Star will strive to provide the most unified user experience in all of Web3 and become a hub of DeFi activity..

Coin Basic	Information
Coin Name	Ambitfiance
Short Name	AMBIT
Total Supply	100,000,000
Max Supply	100,000,000
Source Code	Click Here To View Source Code
Explorers	Click Here To View Explorers
Twitter Page	Click Here To Visit Twitter Group
Whitepaper	Click Here To View
Support	24/7
Official Project Website	Click Here To Visit Project Website

AMBIT Genesis NFTs

Genesis NFTs (aka AMBIT NFTs) are the most valuable asset on the whole AMBITFinance ecosystem and its purpose is to gather funding for the initial development of the project. AMBIT NFT holders will be eligible for aidrops and many benefits across the different features within AMBITFinance and its partners.

Building a world powered by truth

A cryptographically enforced system of contracts will take both daily lives and the world’s emerging markets into a new age of economic fairness, transparency, and efficiency—an unbiased world driven not by vague brand promises but by cryptographic guarantees and the real value that individuals and institutions create.

Through a fusion of principled academic research, together with an industry focus on user needs, AmbitFinance Labs’ mission is to accelerate smart contract innovation and adoption by empowering developers to build feature-rich decentralized applications and providing global enterprises with a universal gateway to all blockchains.

Token Swaps

AMBITSwap are a simple way to trade one BEP-20 token for another via automated liquidity pools.

When you make a token swap (trade) on the exchange you will pay a 0.25% trading fee, which is broken down as follows:

0.17% – Returned to Liquidity Pools in the form of a fee reward for liquidity providers.

0.03% – Sent to the AMBITSwap Treasury.

0.05% – For $AMBIT buyback, burning and redistribution.

Tokenomics

MAX SUPPLY: 100M (100.000.000) $AMBIT

$AMBIT token emission rate will be deflationary, reducing the amount of $AMBIT/day issued by the protocol as rewards by 20% every 90 days. This event is an analogy to bitcoin “halvings”, and has the purpose to encourage early adoption. The token emission is planned to run for 7 years, after that time no more $AMBIT tokens will be minted.

They are planning to do a fair distribution of the tokens and the largest $AMBIT holders will own less than 2% of tokens.

Yield Farming / Staking Rewards: 15% of $AMBIT supply will be used as rewards on the different vaults, NFT Staking, and other protocol rewards.

Airdrop: At launch of the $AMBIT token, we will airdrop 5% of the $AMBIT supply to users across different communities, protocols and initiatives. Details on how to claim the airdrop will be published at launch.

Initial Liquidity: An initial deposit of 80% of $AMBIT tokens supply will be placed into a AMBITSwap Liquidity Pool for the AMBIT/BNB pair. This is to make sure there is enough liquidity for users looking to purchase the token on launch.

Treasury: 3% of $AMBIT Supply will be the Treasury used for grants, marketing activities, and other costs that can be incurred in the future.

Founding Team: 2% of $AMBIT Supply will be minted for the Founding Team during the 7 years minting process.