[ANN] AMP - The Currency That Powers Your Attention On Synereo

[Elokane]

BitBay was a scam and it screamed that it was one from the first moment. They had nothing to show and people threw good money at them.

[deodecagone]

euh.. did someone actually read the whitepaper ?

Looks great until you start reading it.

[chesthing]

euh.. did someone actually read the whitepaper ?

Looks great until you start reading it.

You actually read the whole thing? and stayed awake? you deserve to be paid for this level of attention. Amps please, devs?

[Bitcross]

something smells here..
yesterday i saw an ann with the same names of the team but other pictures...

Linkplz

https://bitcointalk.org/index.php?topic=827782.0

[Elokane]

something smells here..
yesterday i saw an ann with the same names of the team but other pictures...

Linkplz

https://bitcointalk.org/index.php?topic=827782.0

Yes. That is our old thread. Linked from this post as well.

[explorer17]

Hi! Very interesting project.
When do you expect the release date of first live version?

GL

[Elokane]

Hi! Very interesting project.
When do you expect the release date of first live version?

GL

We're aiming to open an alpha version to our close community members and supporters within a few months.

[MickGhee]

seeing as how crypto was built by miners investing a ton ion infrastructure i see this a a smac in the face.  just give us money and we say fuck the community fuck de-centralization and a big fuck u in the end im sure.  


im sure a hero member like u didnt het here without hashing blocks

thanks for nothing

[bitofc]

18.5% are sold in the initial crowdsale.
10% will be used to compensate users as they join the network, invite others, and contribute to it.
7.5% will be awarded to content creators who begin operating on the network. We already have a few major musicians waiting
to join and distribute their art on Synereo!
10% are awarded to the founders of Synereo.
11.5% are kept for bounties, awarded to contributors and developers.
42.5% will be kept for future funding rounds. We aim to have two more, spaced 1-1.5 years apart, each providing the necessary
funds for the next leg of the project.

in development for 4.5 years and has already received $3.2M in investment

I don't see any distribution for those who have invested $3.2M in the last 4-5 years?

[mishax1]

How do we know you won't dump the massive percentage of AMPs you claim you intend to hold onto?

Like with any other ICO/IPO, the devs are able to buy the coins themselves(money which goes back to them afterwards anyway) and sell them on the market creating double profit.

Nothing new here.. been done before, and will happen again..



Question: are the AMPs divisible  ?

[wizzardTim]

Anyone studied the white paper? Is it worth investing? What do you guys think?

[zrunfeng]

crazy!over 5millon usd market cap?

[gaazje]

Synereo is going to host the crowdsale themselves ? Did I miss something ?

What's the reason it's not going through a trusted third party like Koinify ? Milestones, accountability, transparency... all that jazz.

https://blocktrust.org/

[dzarmush]

Don't want to spoil the party, but.

You're selling 18.5% (185M) coins during IPO. The price is fixed: $0.0065. Your goal is to collect $1,200,000 which is about 5000 BTC.

Let's say you have succeeded. It'll put Synereo on 12 position by market cap. As investor I don't see much potential to grow.

Let's say you have not succeeded and raised 300 BTC. Which is way more possible scenario in my opinion. The IPO price was fixed, so you sold 1.2% instead of 18.5%. What you're gonna do with the rest?

[Elokane]

Disconnect yourself from the axiom of Coinmarketcap and decide whether you see value in the project.

Look into the numbers generated by existing social networks and see the potential to grow.
http://www.synereo.com/whitepapers/synereo.pdf#subsection.1.2.1

If you do want to compare to other crypto projects, take a look at where MaidSafe started - at an even higher valuation - and where they are now.
Unlike MaidSafe - who have been working on their technology for many years and have a lot in store, but aren't quite ready - our technology is already working as intended.


The crypto community, especially on BTT, is very skeptical. That's perfectly understandable. I've fallen prey to a few scams throughout the years here myself, and with the current climate being what it is, it's hard to trust anyone or feel charitable at all looking at any new project. It's easy to get lost in the standard crypto "ITO" mechanics and lose sight of what's important if you come from this community, but I know there are many here who understand the larger vision and know that the sale and the AMPs are only one aspect of our offering. Fortunately, we also have many other communities following our progress, excited about the solution we offer and seeing what we're planning beyond the crowdsale. They understand that there cannot be such a decentralized service, truly unbound by any central authority, without its users putting life into it.

As long as our social media networks continue to be moderated by central authorities, users cannot be guaranteed the privacy of their identity and personal information. Your attention can fall victim to a stranger’s misguided interpretation of who you are and what truly interests you.

Synereo is building a network owned by you and controlled by no one. Users connect directly to one another, via secure cryptographic channels that prevent governments, spooks, and marketing agencies from eavesdropping without your consent.
This decentralized network is being built to provide the absolute best social experience online, treating people as its clients rather than as products. Synereo aims to help you connect with people and things you care about in a meaningful way, putting you in the center of the experience rather than marketers.

[spartak_t]

I've done some more serious calculations and just wanted to share them.

1. If 18.5% (185M) of the coins are sold in crowdsale, market cap will be about $1,201,000.   
2. Price (based on current BTC price) is 2492 satoshi per coin.
3. Market cap of all 1B coins should be $6,492,000 (priced at 2492 satoshi).

Mmmm... no. At least not in the crowdsale.

[mladen00]

interesting...

do you have escorow service for IPO?

[dzarmush]

Disconnect yourself from the axiom of Coinmarketcap and decide whether you see value in the project.

Ok, let's say you're right about potential.

But still, what's gonna happen if you are not able to gather $1.2M. What if there's only $0.2? It's possible and you say nothing about it which means the crowdsale isn't planned well or you're hiding something.

Please, get me right, you're aiming for a hell of a lot of money and it means a lot of concerns for potential investors. You might be a great team with solid plan, but you still have to sell everybody your idea.

[Elokane]

Disconnect yourself from the axiom of Coinmarketcap and decide whether you see value in the project.

Ok, let's say you're right about potential.

But still, what's gonna happen if you are not able to gather $1.2M. What if there's only $0.2? It's possible and you say nothing about it which means the crowdsale isn't planned well or you're hiding something.

It's simple. If we don't raise enough funds - if the community doesn't care to support our decentralized, open-source project - then we will have failed, and there will be no Synereo.

[Elokane]

interesting...

do you have escorow service for IPO?

Here are the full details of how we handle funds:
https://docs.google.com/document/d/1zLBm8OHt5-81flihJ6iSKEm0WbRa6FL0mJ5ivBN34Po