Understanding AmberCoin: What Are Its Key Features

Understanding AmberCoin: What Are Its Key Features

Last year’s addition of AmberCoin to cryptst.com was a testament to the cryptocurrency’s continuing growth. Cryptsy is one of the top cryptocurrency e

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Last year’s addition of AmberCoin to cryptst.com was a testament to the cryptocurrency’s continuing growth. Cryptsy is one of the top cryptocurrency exchanges in the world. Amber Trade Ltd is confident that there is still room for AmberCoin to stake out a bigger claim in the markets thanks to the company’s efforts to conquer new niches.

Basic info about AmberCoin

AmberCoin is an initiative by Amber Trade Ltd hat uses blockchain technology with the sole purpose of managing the company’s shares. The company extracts, processes and trades amber and its headquarters are based in London.

An AmberCoin is a unit of shareholding in the company. The minimum number of coins eligible for a dividend is 10,000 which is an equivalent of 0.01% of the company’s shares. This condition applies for people who acquire their shares through an exchange or directly from the company. AmberCoins can be mined and there are 9,800,000 coins available for mining.

Withdrawal of dividends

Dividends can be withdrawn using personal cards like MasterCard or Visa. They are available in US dollars, Euros or Bitcoins. Bitcoins are only for investors who do not wish to reveal their identity. The dates and times of profits are announced by Amber Trade Ltd in advance.

Declaration of Trust

Mined AmberCoins will be secured by obtaining a declaration of trust. This declaration of trust is for holders who have at least 10,000 AmberCoins in their wallet. For people who do not wish to reveal their identity, their address in the AmberCoin wallet or email address can be used as their unique ID.

AmberCoins can be purchased from the exchange or directly from Amber Trade Ltd through wire transfer for people who have their own corporate account. They will also receive their dividends through that account. An AmberCoin is a share in the mining company and not money by itself.

Registering an AmberCoin Wallet

  • The first step is downloading the AmberCoin wallet.
  • Upon registration, you can then move any coins that you may have there.
  • Registering your AmberCoin wallet is as simple as sending an email to info@amber-trade.com. The email should contain your wallet address. After checking your wallet, the company will add you to its shareholders list. After successful registration, monitoring of your wallet balance will be automatic. If you are eligible for a dividend, you will get one on a quarterly basis.
  • Payments are either in US dollars or Euros.

Bottom line

There is a great potential for AmberCoin to grow exponentially in the market. As the company expands its operations and seeks new markets, investors can expect their investments to grow as time goes by.

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