First time here, so as I see the first round of ICO was more than a year ago and it was 2500sat/amp ? Then this should be available much lower than 31k sat, the 40k ico price is a bit funny.
The price is a bit high but not outrageous. This is typical business practice.
Angel/Sweat - 50k to 500k
Seed - 500k to 10m
Series A - 10m to 100m
Series B - 100m to 500m
Series C - 500m to 1b
The price probably should've been lower by 50% but it's not. You have to understand you're getting into this at stage 3 or 4 right now. This round of investing is more for people with 100k+ to invest. A 100% return over the next year would be considered a huge success at this stage.
Synereo has mimicked a silicon valley start up business model using a bitcoin asset! It was quite smart. People investing in this should try to familiarize themselves with how the process of a start up business model works so they can understand the risks & rewards involved.
And will this ICO have an effect on the AMP price on the exchanges or are they completely decoupled ? If it has an effect, could you please explain me why ?
First of all, this is not an ICO.
It has many effects:
- upsides for the price:
it increases awareness;
thus it it increases network effects;
it increases liquidity (volume traded);
all of these aspects may lead to more exchanges listing, which will increase all of the above again, and so it goes;
the product will eventually have more nodes, bigger community, better governance, more hashpower and many other good qualities;
many other upsides
- downsides for the price:
more supply (more coins to be sold)
The price reached 40k satoshi prior to this ongoing crowdfunding. That's why they believe the price will reach higher after this crowdsale, because AMPs are currently being sold by less.
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