This article was first published on Ambrosus - Medium
Dear Ambrosus community,
Today we would like to inform you about an implementation to the currently live token economic model. It should be noted that this upgrade is implemented to make the system more accurate than the previous live system.
According to Ambernomics 2.0, the revised Ambrosus crypto economic model, the block reward should have 10% yearly inflation, and will be adjusted accordingly each month. The previous system meant that the inflation rate was reviewed once per year, and the block reward was set once per year — these numbers weren’t exact. With the new update implemented, the algorithm will make the system more precise while the inflation will stay the same.
Legal Disclaimer: Amber (AMB) is a utility token within AMB-NET. AMB is not a financial instrument and should not be considered as such. Participation in AMB-NET provides a range of technical utilities to stakeholders and enterprises, and should not be considered as a speculative activity, financial transaction or an investment of any sort. The numbers are not guaranteed and are subject to change depending on the technical roll-out and adoption of AMB-NET network, which is a decentralised network governed by a smart contract system.
The users and AMB tokenholders acknowledge and agree that, to the fullest extent permitted by any applicable law, the User will not hold any developers, auditors, contractors, employees or founders of Ambrosus and its affiliated companies, the Smart Contract System and/or AMB-NET liable for any and all damages or injury whatsoever caused by or related to the use of, or the inability to use, AMB or the Smart Contract System under any cause or action whatsoever of any kind in any jurisdiction, including, without limitation, actions for breach of warranty, breach of contract or tort (including ...
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Ambrosus - Medium