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

[pokemanvanish]

Synereo Announces Alpha Phase As World’s First Decentralized Social Network


Synereo, a Tel-Aviv based company developing a blockchain-based, decentralized social network and a platform allowing web applications to exist without centralized servers, will move into alpha phase this September.

Synereo image

The open source social network has been two years in the making and aspires to be the first fully decentralized network based on principles of what it calls the “attention economy.”

Synereo’s alpha is built on top of the company’s unique distributed “tech stack,” which utilizes blockchain technology to enable a peer-to-peer Internet. A software stack is a set of software components or subsystems to create a complete platform that does not require additional software to support applications.

Revolutionizing Social Media

The blockchain-based social network revolutionizes the concept of social media by placing control over content, personal information and monetization in its users’ hands.

Unlike incumbent social media providers like Facebook and Twitter, Synereo’s social network cannot record or store personal information, and does not sell it to third parties. The network also claims it will not target users with marketing messages.

All network transactions and relations are encrypted on a distributed ledger and accessible to permitted parties.

The ‘Attention Economy’

The Synereo network compensates users for contributions of storage and computation power when they support the distributed network with their personal devices. Additionally, the social network adheres to principles of the “attention economy,” providing users with monetary rewards for creating and curating content that people pay attention to.

Synereo’s alpha will include the following features:

● Text posting with featured images: Test users will be able to post simple text posts and images.
● Content labels (#hashtags): Posts will be taggable and searchable via hashtags.
● Decentralized search capability: Content, users and other items will be searchable on the network.

Users will be able to promote content by charging their posts with the test network’s native currency, AMPs. Accordingly, users will be compensated with AMPs when viewing amplified content. AMPs are currently traded on the Bittrex and Poloniex exchanges.

A Decentralized ‘Tech Stack’

Synereo is the top layer of a complete decentralized “tech” stack – the Synereo platform – that its partners are using to create fully decentralized applications (dApps). The Synereo team plans to create and support more “dApps,” as well as partner with other teams, to bring the best applications of the old web into a new, decentralized paradigm.

CEO Dor Konforty refers to the Synereo platform as “Android for the decentralized web.” “When wanting to develop an app for mobile devices, most people choose Android. We aim to be the same for dApps,” Konforty told CCN.

Development Revenue

Synereo plans to assess fees of less than 1% from certain transactions on the social platform and on apps on the network to maintain and further develop the platform and network. The platform will not take profit from social interactions on the social platform. “We believe basic human communication should be as free and unrestricted as possible online,” Konforty said.

Synereo will offer the following features in its new version:
• Deployment of decentralized nodes on local machines
• Creation of private connections among users
• Text posting with featured image hosted on the decentralized cloud
• Content labels (#hashtags)
• Decentralized search capability by user and label
• Content amplification with test-net AMPs
• 3-tier content viewing: browse, expand, and full view
• AMP rewards for completing certain actions on the application, as well as reporting usage statistics relating to the attention economy

Two Years In Development

The original plan was to build the social network on an existing blockchain, Konforty noted. However, in researching the options for a blockchain that would meet the requirements needed, it became apparent that no such platform was available.

CTO Greg Meredith, an ex senior-level architect at Microsoft, decided that Synereo needed to build its own blockchain based on the mathematical approach that he has cultivated.

Second Crowdsale Planned

Synereo raised $126,023 from its first crowdsale, which CCN reported last July, selling 22,719,689 AMPs and distributing 45,439,378 AMPs.

The platform is planning a second crowdsale on bnktothefuture.com in September to fund its operations. There will be another public sale of AMP’s as well as an equity offering.

“We expect these funds to allow us to further develop the social layer, finalize development of our new sharded, composable scalable blockchain, make fully operational our Rholang smart contracting language, and create the tools allowing developers to easily and modularly interface with any of the layers of our platform to create fully decentralized and distributed applications that have an easy time interfacing with one another and creating network effects between them,” Konforty said.

https://www.cryptocoinsnews.com/synereo-announces-alpha-phase-as-worlds-first-decentralized-social-network/

You are doing good jobs actually, with fund 120k usd, which is small compared to waves, and rise shit projects.

BTW, what do you mean selling 22M and distribute 45M?? If you sold 22M, shouldn't only distributr 22M? Plz help me understand it.

[Lucky - Luciano]

You can buy AMP directly from Synereo. https://blog.synereo.com/purchase-amps/
You can email dor@synereo.com and he will provide details.

Where to keep Amper after purchase? Have you built a wallet that they can be kept in our computer and not at you or exchange?

[Synereo_zh]

You can buy AMP directly from Synereo. https://blog.synereo.com/purchase-amps/
You can email dor@synereo.com and he will provide details.

Where to keep Amper after purchase? Have you built a wallet that they can be kept in our computer and not at you or exchange?

You can keep the AMP in your https://www.omniwallet.org/ or at one of the exchanges.

Here is also a guide to store your AMP safely. http://cryptocollectorsclub.tumblr.com/post/148503299859/how-to-safely-store-synereo-amp-tokens

[m4nki]

You can buy AMP directly from Synereo. https://blog.synereo.com/purchase-amps/
You can email dor@synereo.com and he will provide details.

Where to keep Amper after purchase? Have you built a wallet that they can be kept in our computer and not at you or exchange?

As AMPs are an OMNI asset, you can transfer AMPs to any bitcoin address that you hold the private key to. This way you can securely hold them in cold storage without the dependency on a centralized exchange. If you later want to cash them back in you can easily do so by importing them into an OMNI wallet that is easy to create via https://www.omniwallet.org/ .

[Joerii]

Last day to enter your idea into the Synereo Cartoon Contest !

We have had some great entries already but since contestants can only win 1 prize, there's still a good chance to win something with a funny idea.

https://bitcointalk.org/index.php?topic=1589232.0

[Synereo_zh]

You can get involved and ask questions through our Slack http://slack.synereo.com/

If your interested in buying AMP now you can go directly to Synereo https://blog.synereo.com/purchase-amps/

[Joerii]

Help spread the word of the final 24 hours of the Synereo Cartoon Contest : https://twitter.com/HypercubeST/status/768925019111948288

Thanks !

[raphma]

You can buy AMP directly from Synereo. https://blog.synereo.com/purchase-amps/
You can email dor@synereo.com and he will provide details.

Where to keep Amper after purchase? Have you built a wallet that they can be kept in our computer and not at you or exchange?

You can keep the AMP in your https://www.omniwallet.org/ or at one of the exchanges.

Here is also a guide to store your AMP safely. http://cryptocollectorsclub.tumblr.com/post/148503299859/how-to-safely-store-synereo-amp-tokens

thats great! i didnt knew that.
i was keeping them in poloniex but now i'll definitely move.

[Azael]

At current prices and after diluting the market with the rest of the coins you hold it would be some 500,000 BTC/$280M+ market cap.

Obviously should the market appreciate more in price before significant dilution occurs which doesn't seem implausible given that it is at $11M market cap then that market cap quickly becomes even more ridiculous.

I don't like this humongous premine you've given yourself as it makes price discovery impossible and it is not prudent for Polo to list this given the small float available to investors to trade. I also see that you're selling AMPs OTC here https://blog.synereo.com/purchase-amps/ which tells me this won't be a 'Steem' appreciation like some think since dilution is already occurring and it also tells me there is a number of deals not public.


When it comes appcoins I prefer a ICO which sells out at least a majority of the supply from the get go but obviously I prefer much more than that to be distributed. And then raise additional capital from company shares which is the only sustainable way to do it long-term. I like the idea and I spent the evening reading up but the coming dilution is too much for me to swallow so I am not investing anything into AMPs.

[Joint Force]

At current prices and after diluting the market with the rest of the coins you hold it would be some 500,000 BTC/$280M+ market cap.

Obviously should the market appreciate more in price before significant dilution occurs which doesn't seem implausible given that it is at $11M market cap then that market cap quickly becomes even more ridiculous.

I don't like this humongous premine you've given yourself as it makes price discovery impossible and it is not prudent for Polo to list this given the small float available to investors to trade. I also see that you're selling AMPs OTC here https://blog.synereo.com/purchase-amps/ which tells me this won't be a 'Steem' appreciation like some think since dilution is already occurring and it also tells me there is a number of deals not public.


When it comes appcoins I prefer a ICO which sells out at least a majority of the supply from the get go but obviously I prefer much more than that to be distributed. And then raise additional capital from company shares which is the only sustainable way to do it long-term. I like the idea and I spent the evening reading up but the coming dilution is too much for me to swallow so I am not investing anything into AMPs.

I've an AppCoin that'll follow a similar distribution model as Synereo. I'll have all the tokens and sell off a small % in a 1CO and later have a 2CO for another small %, and on and on. I've dealt with some other ICOs and altcoins where people other than devs have the majority of coins. All those projects seem to fail due to lack of development. If we want cool decentralized apps, someone'll have to build them. All the blockchain projects that're making the most progress are the ones where the devs own the coins and sell them off slowly.

[allwelder]

You can buy AMP directly from Synereo. https://blog.synereo.com/purchase-amps/
You can email dor@synereo.com and he will provide details.

Where to keep Amper after purchase? Have you built a wallet that they can be kept in our computer and not at you or exchange?

You can keep the AMP in your https://www.omniwallet.org/ or at one of the exchanges.

Here is also a guide to store your AMP safely. http://cryptocollectorsclub.tumblr.com/post/148503299859/how-to-safely-store-synereo-amp-tokens

Why not use Wavesplatform to issue asset for ICO?
It's a specially designed crowdfunding platform powered by blockchain.

[alexjonescrypto]

You can get involved and ask questions through our Slack http://slack.synereo.com/

If your interested in buying AMP now you can go directly to Synereo https://blog.synereo.com/purchase-amps/

Thanks. I was buying from the exchange but its much better to stock up on AMP at market price instead of battling the markets.

I am excited for the next sale. I hope you release terms soon.

[metropolit]

Another crowdsale will kill the price of AMP, it's called inflation.

[mexicotaco]

Another crowdsale will kill the price of AMP, it's called inflation.

Yes, I recall Storj project also wanted round B crodsale in early 2015, the price was dumped from 15k sat to 5k sat, I was fucked by that CEO, and I cut my losses there, after the big dump, he claimed no crowdsale any more, fuck that crap CEO!!

[RayX12]

Another crowdsale will kill the price of AMP, it's called inflation.

Yes, I recall Storj project also wanted round B crodsale in early 2015, the price was dumped from 15k sat to 5k sat, I was fucked by that CEO, and I cut my losses there, after the big dump, he claimed no crowdsale any more, fuck that crap CEO!!

I find it very strange that they would talk about such huge dilution.. it appears that is market manipulation for huge speculation.  Time will tell the true story.  Keep in mind that a huge sell wall tries to scare the market from time to time so it becomes clear to me in which way is manipulation taking place.  So rev your engines, take positions, and lets see where this ends up.

[casinobonusgiveaway]

Another crowdsale will kill the price of AMP, it's called inflation.

Yes, I recall Storj project also wanted round B crodsale in early 2015, the price was dumped from 15k sat to 5k sat, I was fucked by that CEO, and I cut my losses there, after the big dump, he claimed no crowdsale any more, fuck that crap CEO!!

I find it very strange that they would talk about such huge dilution.. it appears that is market manipulation for huge speculation.  Time will tell the true story.  Keep in mind that a huge sell wall tries to scare the market from time to time so it becomes clear to me in which way is manipulation taking place.  So rev your engines, take positions, and lets see where this ends up.

Maybe their first ico fund is not enough, synereo raised 110k usd, which is less than other big ico, this second ico will definitely harm the price, 100%. So you guys can buy when the price goes down, not so early.

[RayX12]

Another crowdsale will kill the price of AMP, it's called inflation.

Yes, I recall Storj project also wanted round B crodsale in early 2015, the price was dumped from 15k sat to 5k sat, I was fucked by that CEO, and I cut my losses there, after the big dump, he claimed no crowdsale any more, fuck that crap CEO!!

I find it very strange that they would talk about such huge dilution.. it appears that is market manipulation for huge speculation.  Time will tell the true story.  Keep in mind that a huge sell wall tries to scare the market from time to time so it becomes clear to me in which way is manipulation taking place.  So rev your engines, take positions, and lets see where this ends up.

Maybe their first ico fund is not enough, synereo raised 110k usd, which is less than other big ico, this second ico will definitely harm the price, 100%. So you guys can buy when the price goes down, not so early.

I think that is what the manipulators wan you think.. sell your coins cheap now.. 
Just think why would you do such ridiculous inflation??  wtf??  As you can see some people do not believe this will be the case and have started buying. 

[cowboys]

Another crowdsale will kill the price of AMP, it's called inflation.

It's not that simple. There's a set amount of coins but the devs are in control.  No new coins are being made.

This is a different animal that can't be compared to other cases for a ton of various reasons.

[BTC-BTC-BTC]

What was the ICO price?

[irishbeer]

What was the ICO price?

1k-2k sat, some people bought with 1usd=350 amp, some for less amp, but the price is already multiple. I dare not buy this.