What is AirDAO and AMB Coin and How To Buy AMB Token

Empowering Traders2023-02-27 23:19:45

 1.0 What is AirDAO and AMB Coin?

AMB is the native utility token of AirDAO, a decentralized autonomous organization (DAO) that governs the AMB-NET blockchain and its network of decentralized applications (dApps). AMB plays a vital role in powering the entire AirDAO ecosystem by facilitating staking, governance, and transactions, ensuring network security and incentivizing community participation. AirDAO, as the first DAO to manage a complete layer-one (L1) blockchain ecosystem, offers an integrated suite of digital products and services designed to simplify Web3 complexities. The AMB token is central to this mission, enabling seamless interactions and empowering users within a user-friendly web interface. Together, AirDAO and AMB provide a transparent, efficient, and accessible blockchain experience, making decentralized finance (DeFi) services available to a global audience.
 
This innovative platform is designed to democratize decentralized finance (DeFi) by providing seamless access to financial services without intermediaries. AirDAO leverages blockchain technology, smart contracts, and a community-driven governance model to create a transparent, efficient, and secure ecosystem that empowers users worldwide.
 
 

1.1 How Does AirDAO AMB Work?

AirDAO operates as a multifaceted platform within the blockchain and DeFi ecosystems. Its functionality is built on several core components:
 
Layer-One Blockchain: AirDAO runs on its own L1 blockchain, AMB-NET, which is compatible with Ethereum and other EVM-compatible blockchains. This ensures broad interoperability and user accessibility.
 
Staking: Users can stake AMB tokens to support the network's operations and security. Stakers are incentivized through rewards, promoting a robust and active network.
 
Swapping: The platform facilitates the efficient exchange of cryptocurrencies within its ecosystem, allowing users to manage their digital assets seamlessly.
 
Bridging: AirDAO's bridging capabilities connect its blockchain with other networks, enabling smooth cross-chain transfers and interoperability across various blockchain ecosystems.
 
dApps Ecosystem: The network hosts numerous decentralized applications that simplify user interaction with blockchain technologies, including solutions for asset swapping, staking, and cross-chain transfers.
 
Community Governance: AirDAO emphasizes decentralization through its Council and voting processes, empowering users to shape the platform's future by participating in key decision-making activities.
 
Through these features, AirDAO reduces the complexity associated with Web3 technologies and promotes broader adoption by providing a streamlined, accessible interface for users of all technical levels.
 

1.2 AirDAO AMB Founding Team

AirDAO's success is driven by a dedicated team of professionals with extensive expertise in blockchain technology, DeFi, and community engagement:
 
Igor Stadnyk (Founder and CEO): With over 15 years of experience in FinTech and DeFi, Igor is a blockchain expert and AI enthusiast. He is known for leading cross-functional teams to deliver innovative solutions that drive business growth. His passion for Web3, DAOs, and AI technologies shapes AirDAO's strategic vision.
 
Seth Duodu (Community Manager Global, Council Member): Seth plays a crucial role in fostering community engagement and global outreach for AirDAO.
 
Michael Grimwood, Matthieu Bourlon, Alex Yaniuk, Oleksii Pyltsov, Oleksii Dmytrenko (Community Representatives, Council Members): This group of council members represents the global community's voice in the decision-making processes of AirDAO, ensuring that the platform remains responsive to its users' needs and suggestions.
 

1.3 AirDAO AMB Tokenomics

The tokenomics of AirDAO are designed to support the ecosystem's long-term sustainability and growth:
 
Token Name: AMB
Max Supply: 6,500,000,000 AMB
Current Unlock Progress: 67.48% (4.39B AMB unlocked), 32.52% (2.11B AMB locked)
 

Allocation Breakdown:

Community and Validators: 27.69%
Investors: 23.08%
Initial Supply: 23.07%
Team Incentives: 13.08%
Ecosystem Funding: 13.08%
 
This allocation strategy ensures a balanced distribution of tokens, supporting ecosystem development, incentivizing key contributors, and fostering community engagement.
 
What is AirDAO AMB
 

2.0 Is the AirDAO coin (AMB) crypto a good investment?

As of the latest available data, AMB is priced at $0.00034548, experiencing a consistent downtrend from previous highs. In comparison, Bitcoin trades at $91,774. Current market sentiment suggests Bitcoin could retrace to the $70,000 level. Historically, such a retracement in BTC could result in further downside for mid-tier tokens like AMB; however, this also opens opportunities for potential upside depending on market stabilization.
 
Upside Potential: A broader technical assessment indicates that AMB's nearest significant resistance level is now at $0.00047. Reaching this resistance would represent an approximate 36% upside from current price levels, assuming BTC stabilizes or trends upward. This resistance aligns with previous price consolidation zones observed in late 2024, suggesting potential recovery if positive momentum returns.
 
Downside Risk: Revised analysis places AMB's critical support level at $0.00025. This represents a potential 27.6% drop from the current price. The $0.00025 level aligns with previous significant support zones identified during prolonged consolidation periods in 2023, making it a realistic benchmark for downside risk.
 
Investment Analysis: Considering AMB's classification as a mid-tier asset, a professional portfolio allocation would recommend a 0.5% base holding. This allocation reflects AMB's moderate growth potential and manageable risk. The newly identified support and resistance levels present a more practical trading range, offering clearer insights into potential price movements. If BTC maintains its current range above $90,000, AMB could test the $0.00047 resistance. However, a BTC retracement to $70,000 could push AMB closer to its $0.00025 support.
 
AirDAO's fundraising rounds further highlight investor confidence. The strategic round in September 2022 raised $2.00M, followed by a $7.50M funding round in October 2023 and a $500,000 grant in January 2024. Notably, Tier 1 venture capital firm DWF Labs is among its key investors, signaling strong institutional backing.
 
In conclusion, AMB offers a favorable risk-reward profile for moderate-risk investors. A recovery aligned with BTC's positive momentum could see AMB testing higher resistance levels, while prudent risk management should account for a potential retracement scenario. This analysis does not represent investment advice, and all investments carry inherent risks. Users should conduct their due diligence and remain aware of potential losses.
 

3.0 How to buy AMB?

Buying AirDAO AMB on BingX is simple and accessible for all types of investors. To get started, create a BingX account, complete the necessary security settings, and deposit funds. On-chain deposits are highly cost-effective on BingX, with fees as low as 1 USD when using the TRC-20 protocol, regardless of the deposit amount. This method is cheaper compared to credit card transactions, which involve higher fees due to traditional banking channels. BingX also supports multiple networks such as POLY, BEP, and ERC, giving users flexibility when transferring funds.
 
Once your account is funded, you can choose between spot trading and derivatives. Spot trading allows you to own AMB tokens, enabling you to buy low and sell high for profit. Alternatively, derivatives trading lets you capitalize on price fluctuations without owning the actual tokens, ideal for profiting in both rising and falling markets. BingX offers direct spot purchases through its market or peer-to-peer (P2P) transactions with other users. For derivatives, you can trade AMB in the USDT-M futures market or the Coin-M futures market alongside other popular cryptocurrencies.
 
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