AMBACOIN - AMBAZONIA CRYPTOCURRENCY

Hi guys! I will be giving you a review about the AmbaCoin Project, About the company, token information, features, stakeholders, roadmap and many more. So i begin by explaining exactly what AmbaCoin entails.

ABOUT THE PROJECT
AmbaCoin is a decentralised public cryptocurrency on the Blockchain. A National Cryptocurrency for the New Nation Ambazonia designed by Ambazonian technocrats. The AmbaCoin is a Government Bond Smart Contract soon going on Exchanges, backed by a large community of 8 Million Ambazonians and a buy back policy to reintroduce the AMBA currency for local use by the Post Independent Ambazonian Treasury rich in natural reserves. Sales are channeled to Ambazonian frontline political movements, and humanitarian agencies. The AmbaCoin a revolutionary crypto asset to assist the Ambazonian cause and rebuild a broken Nation.

PROBLEM STATEMENT
The biggest problem facing Ambazonia is the marginalization and economic oppression of the
people by Cameroonian politicians. The Governing Council of Ambazonia, in conjunction with other national leaders, needs to raise funds to forge and establish a new country while developing some of the crucial political and economic structures required to drive the nation forward to a secure and stable future. The biggest challenge faced by the new republic is that most of the region’s resources and wealth is controlled by Cameroon, which stifles access to its assets. Numerous Ambazonians in the diaspora and other stakeholders who want to see a prosperous Ambazonia, are unable to help provide foreign direct investment to the Governing Council. The Ambazonian nation building is already underway and, after its first year of independence, the country is advancing rapidly on a number of fronts. What the fledgling country urgently needs is the positive support to establish itself as a sovereign state - taking its rightful place among the nations of the world.

GOALS OF AMBACOIN PROJECT
AmbaCoin aims to help the new Ambazonian nation raise funds to assist both in the burgeoning nation building and in the initial development required to bring out the best of the industry.

The purpose of AmbaCoin is mainly two-fold. First, it acts as a treasury bill or bond that will be used by to fund humanitarian support and nascent economic projects. The second purpose of the platform is to fund the ongoing nation building. Ambazonia still has a long way to go before the country can truly escape the oppression of the Cameroonian interim government.

BENEFITS OF AMBACOIN
Guaranteed profits
AmbaCoin seeks to provide initial investors an opportunity to make rapid profits by offering the
coin at a fraction of its real value. ‘Early bird’ AmbaCoin discounts and bonuses will be offered
which will allow investors to earn a certain amount of money once the coin is officially launched.
The price of the coin will be listed at 4 dollars - however, investors will be able to buy the coin for
as low as $2.50 per token using the bonuses and discounts. This represents, therefore, a quick
and lucrative investment.

Asset-backed
The main benefit that AmbaCoin has over other cryptocurrencies is the fact that it starts as an
asset-backed currency. Since it is backed by the Ambazonia treasury, it is supported by the
country’s natural resources and future treasury earnings. The nation hopes to introduce a fiat
currency in due course pegged with AmbaCoin representing Ambazonia’s future financial
freedom.

Friendly regulations
Ambazonia seeks to be the first country in Africa to create friendly legislation for the
cryptocurrency industry. As a result, AmbaCoin will be expanded to provide African countries
with an opportunity to enjoy the benefits of cryptocurrency remittance. This ambitious project
will be launched once over 70 percent of the coins are held by African nations.

Listed below, are some of the features of AmbaCoin;

i. Fast transaction speeds
ii. Peerless security
iii. Low transaction costs
iv. Transparency and confidentiality
v. Mobile integration
vi. Dispute resolution
vii. Multi-language support
viii. Security protocols
ix. Passive income generation

STAKEHOLDERS IN THE PROJECT
The stakeholders are those that benefits from what the project offers. some of which i will discuss below;

AMBAZONIAN NATION
The Ambazonian nation will be able to get an effective way of obtaining foreign direct investment during the nation building.

AMBAZONIAN PEOPLE
The Ambazonian people will benefit by receiving funding that can help in the development of the
nation. Currently the country needs funds to support the nation building by sending envoys to the
United Nations and key political powers to petition for protection from the Cameroonian government.

CRYPTOCURRENCY INVESTORS
There are many other cryptocurrency investors who are focused on investing in the platform mainly to earn money. The platform will offer ‘early bird’ bonuses and discounts that they can acquire. Once the platform is launched with a listed price of 4 dollars per token, they will be able to recoup their investment. Additionally, they can increase their investment by holding the coins for a longer period and then trade for higher profits. They can even decide to engage in staking to earn themselves additional passive incomes.

AmbaCoin blockchain will rely on the Ethereum parent chain to provide security features while
executing transactions on the platform. The blockchain will rely on KECCAK-256 hashing algorithms. This is more advanced than the SHA-256 and SHA-3 variants used in Bitcoin and other altcoins. Since it relies on the Ethereum Virtual Machine (EVM), the transactions are completed using smart contracts. These smart contracts are commands written using Solidity to complete transactions that are based on if-this-then-that logic.

TOKEN AND ICO DETAILS
Coin Name: Ambazonia coin
Ticker: AMBA
Coin type: ERC20 token
Hashing algorithm: KECCAK256 hash function
Total coin supply: 1,000,000,000
ICO coins: 90% (900,000,000)
Bounty Campaign: portion from the Presale
Consensus approach: POS (Proof-of-Stake)
POS block time: 60 Seconds
ICO start date: 24th December 2018 -24th December 2019
Presale date: 24th October-24th December 2019
Presale tokens 100,000,000

AMBA is an erc-20 compliant token because it was created on the ethereum blockchain, this blockchain was chosen because it executes transactions fast, low gas fee and its ability to execute a large amount of transition per second. It possesses the same use case as the FIAT (government issued currency.) of the nation of Ambazonia.

ROADMAP

Q4 2019- Repatriation of citizens in foreign countries
At least 50,000 refugees from Ambazonia living in Nigeria
Resettle 350,000 internally displaced citizens living in forests
Reconstruct decent homes for 300 villages burnt down
Provision of food and medical supplies ahead of construction permanent hospital amenities.

Q1 2020 Education
Construction of schools and learning facilities as well as equipping such institutions. We
intend to offer free primary and secondary level to all learners within Ambazonia. Notable,
feature of education system will be computerized learning for all learners starting from
elementary to higher levels of education. This will help nature talent with global skills and enhance exposure of students to positive global issues and trends. Ambazonia needs skills
and expertize in 10 identified industries to aid reconstruction and prosperity of its people.

Q2 2020 Issuance of digital ID
Unlike most African nations whose citizens hold smartless national IDs. The team has the objective of processing digital IDs founded on Blockchain network and drawing best lessons from the republic of Estonia. It will help in capture of citizenry data, enhance to access to services such as healthcare, education and security. Additionally, government of Ambazonia will be formed on the background of digitized structures aiding service delivery to the people.

Q3 2020Agriculture
Introduce new farming practices to the entire population especially adults with the objective of
fostering the need for the people of Ambazonia to fed for themselves. There is potential for
Ambazonia to export some of its surplus food produce within the region.

Q4 2020 Manufacturing
There is capacity to set up industries to meet medium- and long-term needs of Ambazonia people. Some of the potential areas of manufacturing include, steel from iron ore rich in the Ambazonia region, processing and value addition to food products obtained from the highly potential agriculture sector.

For more information, please visit:

Website: https://www.ambacoin.io

Whitepaper: https://ambacoin.io/whitepaper/

Telegram: https://t.me/ambacoin

Facebook: https://www.facebook.com/ambacoins/

Twitter: https://twitter.com/coinamba

ICO site: https://transact.ambacoin.io

Bounty0x Username: temillion
bitcointalk profile
https://bitcointalk.org/index.php?action=profile;u=1839623