AMBACOIN - The Decentralised Public AMBAZONIA Cryptocurrency on The Blockchain

NB: AmbaCoin is intended to function as a transactional currency peer-to-peer medium of exchange, a store of value, and a standard of deferred payment. This is what will equally give it its value and market cap. As it is adapted and used by Ambazonians on a regular basis, the CFA will gradually inch out. It will be independent of the CFA and of any government. Consequently, it is not impacted by devaluation and thus, a good choice to store value. Ambazonians have found ways over time to bypass the internet blockade using VPN services.

STARTER INFORMATION

Now, let's shine some light on cryptocurrency and blockchain:

With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, AmbaCoin, a decentralised public national Cryptocurrency on blockchain for the New Nation Ambazonia designed by Ambazonian technocrats has arrived.

"The currency is known as AmbaCoin, named after the Federal Republic of Ambazonia (Southern Cameroon), which is what the region is looking to be known as. Roughly 20,000 individual currency units have already been sold and purchased since the currency’s pre-sale of about 100 million coins began in November 2018. It’s a small number, but for a people that have been starved of appropriate finances for some time, it’s a solid move forward."

With that being said, 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.

But before we go any further, please check out this video presentation to get even more acquainted

OVERVIEW OF AMBACOIN

As depicted above and as indicated on the official website of Ambacoin, AmbaCoin is a decentralised public national Cryptocurrency on blockchain for the New Nation Ambazonia designed by Ambazonian technocrats.

Ambacoin is an Ambazonian cryptocurrency created for its economy, the new nation has approximately 8 million citizens living in the country. It is known for its rich natural resources reserve like gold, diamond, lots of agricultural produce, crude oil, mineral reserves, and many others. They intend to use funds derived to assist internally displaced persons (IDP) who might have lost their loved ones in the last terrorist regime. With this adoption, payment could be sent and received in a matter of seconds. The blockchain technology is also known for its decentralized, cheap, anonymous, transparent, seamless and above all safe transaction executions. With the blockchain’s concealment of identities, the elite members of the society will be safe from dangers from their communities and the risk of getting robbed or assassinated.

Ambacoin is not the first cryptocurrency backed by a nation, we’ve heard of Iran, China, Venezuela (named Petro), and even India (named Lakshmi) who banned cryptocurrency exchanges and traders in their countries. Emcash is the first world government-issued digital asset that was successful, the Dubai government-backed cryptocurrency is accepted and used by all her citizens.

Impending Challenges

Money laundering.

Supporting criminal masterminds.

Defrauding investors.

Fear of dramatic decrease in coin value.

Hacking attempts faced by exchanges.

No government regulation.

Fear of inflation.

The Solution - CRYPTOCURRENCY POWERING THE REBIRTH OF AMBAZONIA

According to the official website of Ambacoin, as a digital bond that will be bought back by the newly formed Ambazonian nation, a country rich in natural resources, Ambacoin is a first-of-its-kind investment enabled by the power of blockchain technology.

The broad support of ERC20 tokens within the Ethereum ecosystem means that as of today, users can already manage their Ambacoin holdings with normal Ethereum wallets such as MyEtherWallet/MyCrypto, Ledger/Trezor – and trade them on decentralized exchanges such as IDEX/Radar Relay.

Funds from the sale of Ambacoin will go to support broken families who have lost loved ones to the terrorist regime of La Republique du Cameroun and Cameroon’s transformation from from a colonized nation to a 21st century economy.

The Advantages

Fast and secure payment.

Timely transactions.

Anonymous transactions.

Reduced transaction fees.

The Features

Secured by The Ethereum Network

AmbaCoin is an ERC20 Token powered by the Ethereum Network.

We'll Guide You

For those willing to invest in the Ambazonian revolution but lack the technical know how, our in-house 24/7 tech support will assist you in securing your AmbaCoins.

Fair Deals Only

Open-source smart contract ensures fair and transparent deals between merchants and affiliates.

Bypass an Oppressive Government

Acquire AmbaCoin directly from the Governing council. All funding to the AmbaCoin are directed to ground zero support. Assistance is provided to all internally displaced victims and freedom fighters protecting Ambazonia communities and refugees.

Global Investment in a New Country

Ambazonia has turned to the international community and believers in the Ambazonian movement to fund the development of a better country. The people of Ambazonia have a dream -that one day they shall be free and completely independent

Backed by The AMBAZONIAN People

Thousands of Ambazonian are actively involved in the AmbaCoin project one way or the other.

About The AmbaCoin

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.

It is not just a cryptocurrency but a currency that can be used for literally anything. To preserve the#amba coin value and coin demand the team has a tactical protocol set in place, all unsold tokens will be burnt to reduce the total supply.

No other token will ever be minted, mined or created. There will be a periodical buyback and burn event by the post-independent Ambazonia treasury that is supported by all political parties of the nation. It wasn’t created for the citizens of #ambazonia alone but for #africans at large.

Token Details

NAME: AMBACON

TICKER: AMBA

NETWORK: ERC-20 COMPLIANT

TYPE: UTILITY

TOTAL SUPPLY: 1 BILLION AMBA

PRICE PER 1: $0.25c

PRICE PER ETH: 1 ETH = 1000 AMBA

Distribution of tokens is as follows:

BOUNTY: 10%

TEAM: 10%

ADVISORY BOARD: 10%

ICO: 70%

ROADMAP

In a nutshell, be sure to know that the Ambazonia Coin will go on trading platforms and exchanges in a few months from now and at a reasonable price. The Ambazonia Coin is backed by a buy back policy from a free and independent Ambazonian Nation which definitely brings about more value and credibility to the Ambazonia Coin. The Ambazonian Treasury does not only address the aspect of cryptocurrency volatility, uncertainties but also serve as a surety to your investment. It only goes without saying that joining this project will surely result to a positive outcome, mostly for us the prospective investors.

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

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

YouTube: https://www.youtube.com/channel/UCuE3hxqHYCiDbEGOZrcBO6A

Bounty0x Username: TheMichaelMatch

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.