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

[philhellmuth]

gotta love 2 post accounts. I think most have already priced in the total 184 million coins in existance. infact it turns out they are much less (I see 60 million now on coinmarketcap??), and might be even fewer soon if some crowdsale coins fail to sell (as they get burnt).

oh and which one is my first account sherlock?

there's no new coin being generated for this crowdsale, coins were already allocated for it. so I don't think your math adds up.

This argument is just invalid.
Tokens were created before, yes, but were never in the market so they did not took part into forming the price of each AMP. Once they enter the market they will influence the price of each AMP token and all investors and traders and this sucks.

[extee]

the AMP crowdsale price is half that of the ethereum ICO, and ethereum had nothing to show for it.
synereo's alpha will be released at the start of the crowdsale. if the alpha is functional (at least as a proof of concept) I think the price will be more than justified and will reflect on the market there on after.

[LiskQH]

the AMP crowdsale price is half that of the ethereum ICO, and ethereum had nothing to show for it.
synereo's alpha will be released at the start of the crowdsale. if the alpha is functional (at least as a proof of concept) I think the price will be more than justified and will reflect on the market there on after.

And if isn't present? All participants of crowdsale will become bagholders for long months! All but developers, they established rules convenient for the sale, having killed the free market, having destroyed the potential buyers at the exchange.

[polick]

I think this will all blow over in a couple weeks once the sale starts. The team is good, product looks good. Just doesn't allow the teams to speculate so much for now. I suppose this is all a good learning experience with altcoins.

[jimmco]

Maybe it's time to recap basic numbers:

General

Coinmarketcap shows 62,585,264 (or 62,737,901 according to synereo doc) AMP as total available supply ON MARKET

That would be nice if it's total number, but actually initial total number was 2,000,000,000

With current price it would make 367,700,000 $ , it's much more but it's still just ~1/3 of Ethereum

After 1st crowdsale

Now the good things

319,600,000 AMP were destroyed after crowdsale and it makes total number of available AMP 1,680,400,000 with current price it's 308,941,540$ and it would make it market no. 3 just behind Ethereum

After 2nd crowdsale

After first crowdsale, 15% AMPs were destroyed. It's hard to say how many will be destroyed after 2nd crowdsale, but let's assume it will be similar

Let's also assume 2nd crowdsale will be similar to the first (45 million AMPs), then there will be about 108 milion AMPs on the market

and marketcap will be about 19 million $

If burn will be similar there will be total 1,360,800,000 AMP in existence with evaluation 246,620,505 $

Summary (risks and outlook):
* there is lot of "hidden" AMPs
* total evaluation is quite high but mosty depends on:
  * how good a release will be
  * how many AMPs will be destroyed
* I don't like second crowdsale, I believe further development should have been invested from price increase and slow distributed seloff on market 
* I don't like big amount of AMPs, there should be max. 200 million AMPs available

Disclaimer: This is just my own research I shared, don't do any investment decision based on this. Numbers might not be correct, but you know this, right?

[philhellmuth]

Maybe it's time to recap basic numbers:

General

Coinmarketcap shows 62,585,264 (or 62,737,901 according to synereo doc) AMP as total available supply ON MARKET

That would be nice if it's total number, but actually initial total number was 2,000,000,000

With current price it would make 367,700,000 $ , it's much more but it's still just ~1/3 of Ethereum

After 1st crowdsale

Now the good things

319,600,000 AMP were destroyed after crowdsale and it makes total number of available AMP 1,680,400,000 with current price it's 308,941,540$ and it would make it market no. 3 just behind Ethereum

After 2nd crowdsale

After first crowdsale, 15% AMPs were destroyed. It's hard to say how many will be destroyed after 2nd crowdsale, but let's assume it will be similar

Let's also assume 2nd crowdsale will be similar to the first (45 million AMPs), then there will be about 108 milion AMPs on the market

and marketcap will be about 19 million $

If burn will be similar there will be total 1,360,800,000 AMP in existence with evaluation 246,620,505 $

Just to be clear, each AMP token price is determined only by the available number of AMP tokens and not by all 2 bil. initialy created. Only the demand and suplly for the available AMPs is creating the price for the AMP token.

[jimmco]

Maybe it's time to recap basic numbers:

General

Coinmarketcap shows 62,585,264 (or 62,737,901 according to synereo doc) AMP as total available supply ON MARKET

That would be nice if it's total number, but actually initial total number was 2,000,000,000

With current price it would make 367,700,000 $ , it's much more but it's still just ~1/3 of Ethereum

After 1st crowdsale

Now the good things

319,600,000 AMP were destroyed after crowdsale and it makes total number of available AMP 1,680,400,000 with current price it's 308,941,540$ and it would make it market no. 3 just behind Ethereum

After 2nd crowdsale

After first crowdsale, 15% AMPs were destroyed. It's hard to say how many will be destroyed after 2nd crowdsale, but let's assume it will be similar

Let's also assume 2nd crowdsale will be similar to the first (45 million AMPs), then there will be about 108 milion AMPs on the market

and marketcap will be about 19 million $

If burn will be similar there will be total 1,360,800,000 AMP in existence with evaluation 246,620,505 $

Just to be clear, each AMP token price is determined only by the available number of AMP tokens and not by all 2 bil. initialy created. Only the demand and suplly for the available AMPs is creating the price for the AMP token.

Yes, that's right. But huge amount of additional AMP can be thrown into the market practically anytime and that does investment difficult because it brings huge undeterminable inflation.

[JanDzban]

Maybe it's time to recap basic numbers:

General

Coinmarketcap shows 62,585,264 (or 62,737,901 according to synereo doc) AMP as total available supply ON MARKET

That would be nice if it's total number, but actually initial total number was 2,000,000,000

With current price it would make 367,700,000 $ , it's much more but it's still just ~1/3 of Ethereum

After 1st crowdsale

Now the good things

319,600,000 AMP were destroyed after crowdsale and it makes total number of available AMP 1,680,400,000 with current price it's 308,941,540$ and it would make it market no. 3 just behind Ethereum

After 2nd crowdsale

After first crowdsale, 15% AMPs were destroyed. It's hard to say how many will be destroyed after 2nd crowdsale, but let's assume it will be similar

Let's also assume 2nd crowdsale will be similar to the first (45 million AMPs), then there will be about 108 milion AMPs on the market

and marketcap will be about 19 million $

If burn will be similar there will be total 1,360,800,000 AMP in existence with evaluation 246,620,505 $

Just to be clear, each AMP token price is determined only by the available number of AMP tokens and not by all 2 bil. initialy created. Only the demand and suplly for the available AMPs is creating the price for the AMP token.

Yes, that's right. But huge amount of additional AMP can be thrown into the market practically anytime and that does investment difficult because it brings huge undeterminable inflation.

It is obvious that they can do this whenever they need to. Im full of FUD in this distribution scheme, it's same as RIPPLE.

[CryptoClub]

Maybe it's time to recap basic numbers:

General

Coinmarketcap shows 62,585,264 (or 62,737,901 according to synereo doc) AMP as total available supply ON MARKET

That would be nice if it's total number, but actually initial total number was 2,000,000,000

With current price it would make 367,700,000 $ , it's much more but it's still just ~1/3 of Ethereum

After 1st crowdsale

Now the good things

319,600,000 AMP were destroyed after crowdsale and it makes total number of available AMP 1,680,400,000 with current price it's 308,941,540$ and it would make it market no. 3 just behind Ethereum

After 2nd crowdsale

After first crowdsale, 15% AMPs were destroyed. It's hard to say how many will be destroyed after 2nd crowdsale, but let's assume it will be similar

Let's also assume 2nd crowdsale will be similar to the first (45 million AMPs), then there will be about 108 milion AMPs on the market

and marketcap will be about 19 million $

If burn will be similar there will be total 1,360,800,000 AMP in existence with evaluation 246,620,505 $

Just to be clear, each AMP token price is determined only by the available number of AMP tokens and not by all 2 bil. initialy created. Only the demand and suplly for the available AMPs is creating the price for the AMP token.

Yes, that's right. But huge amount of additional AMP can be thrown into the market practically anytime and that does investment difficult because it brings huge undeterminable inflation.

"But huge amount of additional AMP can be thrown into the market practically anytime" -- I don't think so, they have been around for years and everything is meticulous. My understanding is that around Sept 2017, give or take, would likely be the final crowd sale, and that would be for the "completed" platform. (This is from listening in public hangouts and not a secret)  So even if you are worried about it, that would be something to worry about in late 2017, and considering the price a year ago, I think anyone buying now should be pretty happy a year from now if the general uptrend continues. This is just personal opinion of course, but I have been buying since 15k and will buy more with the crowdsale.

[revelacaogr]

Maybe it's time to recap basic numbers:

General

Coinmarketcap shows 62,585,264 (or 62,737,901 according to synereo doc) AMP as total available supply ON MARKET

That would be nice if it's total number, but actually initial total number was 2,000,000,000

With current price it would make 367,700,000 $ , it's much more but it's still just ~1/3 of Ethereum

After 1st crowdsale

Now the good things

319,600,000 AMP were destroyed after crowdsale and it makes total number of available AMP 1,680,400,000 with current price it's 308,941,540$ and it would make it market no. 3 just behind Ethereum

After 2nd crowdsale

After first crowdsale, 15% AMPs were destroyed. It's hard to say how many will be destroyed after 2nd crowdsale, but let's assume it will be similar

Let's also assume 2nd crowdsale will be similar to the first (45 million AMPs), then there will be about 108 milion AMPs on the market

and marketcap will be about 19 million $

If burn will be similar there will be total 1,360,800,000 AMP in existence with evaluation 246,620,505 $

Summary (risks and outlook):
* there is lot of "hidden" AMPs
* total evaluation is quite high but mosty depends on:
  * how good a release will be
  * how many AMPs will be destroyed
* I don't like second crowdsale, I believe further development should have been invested from price increase and slow distributed seloff on market  
* I don't like big amount of AMPs, there should be max. 200 million AMPs available

Disclaimer: This is just my own research I shared, don't do any investment decision based on this. Numbers might not be correct, but you know this, right?

AMP is very expensive right now.The price must go down so all investors buy from the exchanges and not from the ICO 2 (( in.price 33000 sat )).In this way the DEVs will  burn all the ICO 2 coins and the price will  skyrocket....


hahaha

[FandangledGizmo]

AMP is very expensive right now.The price must go down so all investors buy from the exchanges and not from the ICO 2 (( in.price 33000 sat )).In this way the DEVs will  burn all the ICO 2 coins and the price will  skyrocket....
hahaha

Ironically this is a very possible outcome but it is a negative because it means they have less funds to work with to achieve their goals.

While the decision to time an additional fund-raising round with a major release was the correct one, price-fixing it was not. These periods are traditionally very speculative and volatile & hence attract large volumes from traders and speculators.

By price-fixing such a large quantity of AMP over the entire Alpha release period they have removed the volatility and profit motive which attracts so many new speculators and investors around major release times.

In practical terms you will see what were million dollar and rising daily AMP volumes dramatically shrink, (even when including off-exchange sales) and with it the demand for their second round AMP.

So it's a strategy that will likely end in them being able to sell only a fraction of the AMP they would have otherwise been able too and at a much lower price than the market may have paid. In fact speculative 'Alpha release' capital already invested in AMP may exit too, thus decreasing the current price. (Again ironically they would probably come to the incorrect conclusion they they price fixed too high in this case and not realise it was the act of price-fixing which caused it.)

[DecentralizeEconomics]

So it's a strategy that will likely end in them being able to sell only a fraction of the AMP they would have otherwise been able too and at a much lower price than the market may have paid.

Well, I agree the price is too cheap, but I guess the positive is that nobody can say the crowdsale wasn't "fair".  Even with all these bonuses though, there will still be people complaining about the price being "unfair".  I'd like a retroactive bonus Synereo devs.  How about granting that bonus to all of us who've been buying up until now?

[DecentralizeEconomics]

Project 11 is a Go! Get AMP Grants to Create dApps on the Synereo Platform

To further foster this development, we’re inviting leading decentralizers – developers, entrepreneurs, and curators – to work with us to deliver the next generation of dApps. For this purpose, we’ve set up a 1,111,111 AMP fund – worth about $200,000 – to distribute to a select few, signing up until the 6th of September.

https://blog.synereo.com/2016/08/28/project-11-is-a-go-get-amp-grants-to-create-dapps-on-the-synereo-platform/

This is quite a generous opportunity.

[fartbags]

I'm looking to use one of the first clones of this system. I like the software but I think they will fail to make this popular. They might get a nice group of 100 people posting content, amplifying stuff and 10,000+ users but something like that is only worth a few million $. If anyone is cloning this system let me know. I think this concept could do really well if it was altered a bit. Maybe with DAO in charge instead of Founders.

[DecentralizeEconomics]

I'm looking to use one of the first clones of this system. I like the software but I think they will fail to make this popular. They might get a nice group of 100 people posting content, amplifying stuff and 10,000+ users but something like that is only worth a few million $. If anyone is cloning this system let me know. I think this concept could do really well if it was altered a bit. Maybe with DAO in charge instead of Founders.

The DAO is dead.  Smart contracts are yesterday's failed tech.  Social contracts are the solution.  The Synereo social network is free from the control of the devs once it is fully implemented.

[fartbags]

I'm looking to use one of the first clones of this system. I like the software but I think they will fail to make this popular. They might get a nice group of 100 people posting content, amplifying stuff and 10,000+ users but something like that is only worth a few million $. If anyone is cloning this system let me know. I think this concept could do really well if it was altered a bit. Maybe with DAO in charge instead of Founders.

The DAO is dead.  Smart contracts are yesterday's failed tech.  Social contracts are the solution.  The Synereo social network is free from the control of the devs once it is fully implemented.

Do not pay attention to this paid troll aka an "Amplifier". Get it... cause of $AMP. That's the name they gave to the trolls who get paid by Synereo.

Anyways. If you're looking to clone this system let me know! I would rather join any clone of this system over this group of people.

[DecentralizeEconomics]

I'm looking to use one of the first clones of this system. I like the software but I think they will fail to make this popular. They might get a nice group of 100 people posting content, amplifying stuff and 10,000+ users but something like that is only worth a few million $. If anyone is cloning this system let me know. I think this concept could do really well if it was altered a bit. Maybe with DAO in charge instead of Founders.

The DAO is dead.  Smart contracts are yesterday's failed tech.  Social contracts are the solution.  The Synereo social network is free from the control of the devs once it is fully implemented.

Do not pay attention to this paid troll aka an "Amplifier". Get it... cause of $AMP. That's the name they gave to the trolls who get paid by Synereo.

Anyways. If you're looking to clone this system let me know! I would rather join any clone of this system over this group of people.

Nobody has paid me a single AMP.  Why don't you stop lying and give up the charade.  Earlier, you wanted to buy 10 million AMPs.  Now, you claim that you don't want anything to do with it.  Which is it?  You don't have some type of mental condition do you?

[fartbags]

Can someone post a list of the known paid Synereo "Amplifiers"? I'd like to know how big the team of amplifiers is. If they use bitcointalk, post their username here too.

[dimonarka]

WTF? What is this?  

Few days ago:



.... and NOW:

[Dave5]

Pitch is not open yet! Should be live around the 10 of September.

Synereo accepted pre-sale investing, and that's the $845k you saw.

Check the website. You could invest now and get the AMP 'Bonus'.