How does " backed by real physical asset - own mined raw amber" work?
Does that mean, if i lose everything (say my shares are worthless and company is dead) i don´t have to worry much because it´s backed by raw amber ?
Sorry for that stupid question, just curious how that "backed by raw amber" really works?
Does the company send me the cash then for the amber sale or does it send me amber?
Or is it all just a marketing gimmick and my shares/coins are backed by.......nothing at all?
They pay you a part of their profit in cash/btc.
You mean they should pay...
So if the company is bankcrupt, not a single cent left, i send them all my TX from all my coins i ever bought across the exchanges and they send me the cash/btc?
Totally missed that part, can you show me where it´s written pls.
And how much is the stash of amber we own ? ^^
No that money back was only for coins directly bought from AmberTrade not the exchanges.
A backcrupt company will not send u a penny I'm not sure how u think that would work bankcrupt generally means they are out of money.
The dev has not made any statements of insolvency so it does not apply at this time.
I read that AmberCoin is backed by Amber-Trade business operations, dealing with amber. And literally backed by raw amber, as Amber-Trade really deals with it and has a real stock.
"The 1-st crypto backed by raw AMBER - BUY, HOLD and GET DIVIDENDS in BTC or USD"
https://c-cex.com/?p=amber-btc"AmberCoin is the 1-st cryptoshare in the world where each AmberCoin is Amber Trade LTD share engaged in amber development, processing and distributive trade."
http://amber-trade.com/about/"Hereby AmberCoin is the first coin that is backed by a real asset which the Amber Trade LTDs production and trade operations are."
http://amber-trade.com/ambercoin/There is always raw amber in stock, but is it worth holding, to back AmberCoin? May be in the beginning relaying to business process gives more dividends.
BUT IF there is significant stock of raw amber, why not audit it every month, some cheap-cost internal audit, publish results and so pump the coin to it's real price? And if Company sells raw amber or makes products from it, stock becomes smaller, AmberCoin price goes down, BUT dividends go up

Win-win to us too
