Swiss Supply Chain Startup AMBROSUS Launches Token Generation Event

Share with:

Ambrosus, a Blockchain-based ecosystem for the supply chain, has announced the launch of its Token Generation Event (TGE), commencing today at 2 P.M. CET and concluding October 22, 2017. Combining high-tech sensors, Blockchain technology and smart contracts.

Ambrosus was founded to overcome the current deficiencies and challenges of current global supply chains and markets. Ambrosus will issue AMB tokens on the Ethereum Blockchain.

Ambrosus CEO and Co-founder Angel Versetti said:

“Ambrosus would like to thank its early participants for their support in the project, which I believe represents the future of essential global supply chains. Following the success of the token pre-sale, Ambrosus is delighted to present its highly anticipated AMB token to the broader community.”

“Ambrosus aims to become the world’s first publicly verifiable and community-driven system to assure the quality, safety, and origins of food, pharmaceuticals and other essential products. Despite rapid technological development in many industries, the world’s system of commodity production and distribution has been slow to capitalise on the ground-breaking advancements of our time. Proceeds secured through our TGE will continue to fuel the development of a better ecosystem for global commodity markets,” added Versetti.

Token Generation Event proceeds have been earmarked primarily towards research and development on the Ambrosus protocol, API and ecosystem (35%), research and development on Ambrosus sensor systems (25%) and other critical uses which are detailed on the company’s website. Within these additional uses, Ambrosus plans to allocate approximately 10% of proceeds towards a food quality research lab.

Ambrosus CTO and Co-founder Dr Stefan Meyer said:

“With a dynamic ecosystem of complementing emerging technologies, we have devised a bold rethinking of how the global supply chains and markets can operate. Blockchain can protect the integrity and verifiability of sensor data; while smart contracts can enable automatic governance of supply chains and manage commercial relationships between the different actors within them.”

Headquartered in Zug, Switzerland, Ambrosus is the first Blockchain project to become an official partner of the United Nations 10YFP, which is responsible for the implementation of the Sustainable Development Goals. Officially endorsed by EIT Food, Ambrosus has received financial backing from the Government of the Canton of Vaud, Switzerland.

The Ambrosus advisory board consists of globally recognized leaders such as Oliver Bussmann, President of Crypto Valley Association and former Group CIO of UBS and ex-Global CIO of SAP; Jaron Lukasiewicz, former CEO of Coinsetter and Cavirtex bitcoin exchanges; Jehan Chu, founder of the Ethereum Hong Kong Community; David Wachsman, founder and CEO of Wachsman PR; and David Drake, President of LDJ Capital. In addition, Parity will serve as Ambrosus’ Core Technology Partner.

The Ambrosus Token Generation Event will take place from September 22 to October 22, 2017, where participants can use ETH and major fiat currencies to participate in the sale. It begins on 22 September 2017 at 14:00 Swiss time.

The Ambrosus Token Generation Event will be capped at 328’103 ETH. Ambrosus previously collected 22,836,104.23 CHF in presale. The Token Generation Event will sell Amber tokens at a rate of 1 ETH = 1000 AMB. Thus, a total of 328,103,000 AMB will be offered for a public crowdsale.

Following a successful security audit of the Ambrosus smart contract by Validity Labs, the Ambrosus TGE is open to all interested participants who complete a strict KYC (Know Your Customer) procedure, which requires proof of identity and proof of residence for the owner of Ethereum wallets. More information at
Ambrosus will not accept participation from the citizens and residents of North Korea, Sudan, Syria, and the United States.

“Today, global systems of commodity production and distribution do not adequately serve the needs of our society. Ambrosus is driven and supported by a community of individuals who share a vision of transparent, sustainable, and safe supply chains. We believe our continued commitment to drive innovation and change in traditional industries will transform the way we produce, package, and purchase essential goods,” concluded Versetti.

For more information, visit

  • US SEC Goes Charges ICO Businessman For Defrauding Investors – October 1, 2017
  • Pre-ICO Launch: HireMatch Offers Solution to Expedite Recruitment Process – October 1, 2017
  • STK Global Payments Announces The STK Token, Providing Instant Cryptocurrency Payments At Point Of Sale – October 1, 2017
  • ICO Regulation News Accelerating – Analysis – October 1, 2017
  • Streamr, The Decentralized Real-Time Data Economy, Successfully Reaches 5 Million CHF Pre-Sale Cap in 25 Minutes – October 1, 2017
  • BitClave Announces Partnership with Bancor – October 1, 2017
  • Clicktopurchase Adds Blockchain to Established Property Purchasing Platform – October 1, 2017
  • Former White House CIO Joins COBINHOOD as Strategic Advisor – October 1, 2017
  • Steemit Introduces New Way To Monetize Media And Publishers – October 1, 2017
  • Etch ICO Wants to Revolutionise Payroll Platform – Boosted by KPMG Collaboration – October 1, 2017
  • DMarket Announces Second Phase of Token Sale – October 1, 2017
  • DECENT Wins Big at the Central European Startup Awards – October 1, 2017
  • Massively Distributed EOS-derived Blockchain XenonNetwork to Begin Token Distribution – October 1, 2017
  • AG appoints Simon Dössegger as CEO – October 1, 2017
  • INS Aims To Put Grocery Shopping On Blockchain, Announces Unilever Expressed Interest And ICO Dates – October 1, 2017
  • Coinloan Provides Money Secured On Cryptocurrency – Launching Token Sale – October 1, 2017
  • Verisart And Avant Arte Partner To Provide Digital Certificates Of Authenticity To Artists And Collectors Worldwide – October 1, 2017
  • Goodwill Protocol Ico Looks To Fix Current Broken Economic System Through A Digital Economy That Operates On Human Goodwill – October 1, 2017
  • Accenture Joins Hashed Health Blockchain Consortium to Develop and Implement Healthcare Industry Use Cases – October 1, 2017
  • Polymath Unveils Stacked Board of Advisors, First Token Issuers & a ‘GitHub for Lawyers’ – October 1, 2017
  • DECENT and Venaco Group Create a New Blockchain Joint Venture, Equidato Technologies AG – October 1, 2017
  • BankEx, the Decentralized Bank-as-a-Service Exchange, Welcomes Stanford and Maryland Academics as Advisors – September 30, 2017
  • Earth Token Wants to Save the Planet – September 29, 2017
  • Change Healthcare Introduces Enterprise Blockchain For Healthcare – September 29, 2017
  • Helperbit enables Bank Card donations with Blockchain traceability – September 29, 2017
  • South Korea Bans Initial Coin Offerings – Plans to Crack Down on Trading – September 29, 2017
  • Australian Regulators Vow to Work with Industry for ICOs – September 29, 2017
  • ICO Market Transformed by ATS Security Token Joint Venture Forged by tZERO, RenGen and the Argon Group – September 27, 2017
  • Backed by the Founder of Mozilla and CEO of Brave, SPiCE VC Is Launching A Fully Regulated Blockchain VC – September 27, 2017
  • Spectral And Alliander Launch Blockchain-based Renewable Energy Sharing Token – September 27, 2017
  • Munchee Announces The First Decentralized Food Review And Social Platform – September 27, 2017
  • Shapeshift rival, launches accountless crypto exchange with 169 trading pairs and 50% profit sharing – September 27, 2017
  • Oldham-based Energi Mine set to become first UK business outside London to raise funds through a Token Sale – September 27, 2017
  • Snip Partners with Bancor and Matchpool After Extremely Successful Presale Campaign – September 27, 2017
  • A new player enters the field of cryptocurrency marketplaces in October 2017 – September 27, 2017
  • Unikrn Raised $15 Million in Token Pre-Sale for esports Cryptocurrency From Mark Cuban, Blockchain Capital, Pantera Capital, CoinCircle and More – September 27, 2017
  • AB-CHAIN’s Cryptocurrency Makes Advertising Easy – September 25, 2017
  • Gibraltar Jumps on Regulatory Bandwagon – Issues Consumer Warning on ICOs – Token Sales – But Gives Green Light – September 24, 2017
  • From the Creator of ICOs – J.R. Willett Designs Uptoken – To Accelerate Expansion Of Global Crypto ATM Network – September 23, 2017
  • Art Provenance Platform ARTEX Launching Token Sale – September 23, 2017
  • Students Train for Blockchain Jobs at Coding and Cryptocurrencies Summer Course in Greece – September 23, 2017
  • Central Banks are Trialling Blockchain, Cambridge Study Shows – September 23, 2017
  • Blockchain Conquering Esports Industry – September 22, 2017
  • Russian-based Startup LavkaLavka Plan to Disrupt Global Eco Farming and Organic Food Retail Sector with BioCoin – September 22, 2017
  • Slack Out, In – Blockchain Community Leaders Aragon Lead Industry Exodus Amid Marked Increase In Phishing Scams – September 22, 2017
  • Swiss Supply Chain Startup AMBROSUS Launches Token Generation Event – September 22, 2017
  • Codemojo (Backed by PayPal Incubator) is launching its ICO to Mobilize $360 Bn worth of Reward Points Globally – September 22, 2017
  • Investment into Blockchain start-ups set to hit $3bn in 2017 – September 22, 2017
  • Opporty Announces ICO and Token Sale Starting October 18th 2017 – September 21, 2017
  • Medicalchain To Speak At The Upcoming Financial Times Digital Health Summit On Oct. 12, 2017 – September 21, 2017

View All Articles