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

[jvper]

"The Synereo team has consulted with its community and economic experts, and deliberated the subject for a long time to come up with a sale mechanism that was considered fair for all parties involved, and that would prevent price manipulation and market turbulence."
 
What's going on? Synereo's last funding stage ends in one week and the price doesn't follow. Devs should at least try to prevent further dumping by putting up some walls like before. And don't come with the "BTC rise" excuse this is an official crowdfund ffs.

I Agree with you. Devs should protect price during the ICO, otherwise AMP become a playground for whales and price manipulators.

How should we protect the price?

Please, don't listen to them. They don't make any idea of what they are writing here.

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[Elokane]

"The Synereo team has consulted with its community and economic experts, and deliberated the subject for a long time to come up with a sale mechanism that was considered fair for all parties involved, and that would prevent price manipulation and market turbulence."
 
What's going on? Synereo's last funding stage ends in one week and the price doesn't follow. Devs should at least try to prevent further dumping by putting up some walls like before. And don't come with the "BTC rise" excuse this is an official crowdfund ffs.

I Agree with you. Devs should protect price during the ICO, otherwise AMP become a playground for whales and price manipulators.

How should we protect the price?

Please, don't listen to them. They don't make any idea of what they are writing here.

That is clear, but other people reading this may not understand that these complaints and accusations are baseless. A simple exercise of thinking this through, of the options available, of what would happen if Synereo sold AMPs at market price or if we changed the rules of the sale now, etc etc would make anyone reach the same conclusions we have. Asking these questions is a way to provoke these thoughts into existence.

[jvper]

amp moon so don't miss your ticket aboard the rocket.

http://clip2net.com/clip/m224751/6bd93-clip-151kb.png

Looks like the crowdsale is a disaster.

It is no disaster at all! Millions of dollars (btc) have been successfully collected at the VERY conditions previously stated. No one has any right to be disappointed with Synereo team, just because the tokens devalued afterwards! Grow up and deal with it! So far, it has been strictly running under the rules. Stop moaning about the rules you adhered to.

The rules are typical rules of what we call a FOLLOW ON OFFERING (please refer to the following link if you don't know it http://www.investopedia.com/terms/f/followonoffering.asp)

Everything has been done according to traditional public companies financing (except for the bonuses and the three steps thing of 33k, 36.5k and 40k, which are pretty much crypto world).

If the price is too low this week, buy more or shut down the computer and stop suffering. People are selling this week because they anticipate that many people will receive AMPs and dump into the market, so they want to buy cheaper when it happens. Just let it be and wait... I myself would rather buy this week, because many people might want to buy the other week under this assumption, thus the buying pressure might be even stronger than the selling one, as the majority will probably hold the AMPs. The important thing here is: if the project is good, AMP will appreciate after that. Period.

My congratulations for Synereo Team for holding such a smooth second crowdfunding.

You are right. They don't seem to understand the price may fall or rise, and it is not up to the developers. I decided to quote myself again, on how these things happen with publicly listed companies.

[fezington]

"The Synereo team has consulted with its community and economic experts, and deliberated the subject for a long time to come up with a sale mechanism that was considered fair for all parties involved, and that would prevent price manipulation and market turbulence."
 
What's going on? Synereo's last funding stage ends in one week and the price doesn't follow. Devs should at least try to prevent further dumping by putting up some walls like before. And don't come with the "BTC rise" excuse this is an official crowdfund ffs.

I Agree with you. Devs should protect price during the ICO, otherwise AMP become a playground for whales and price manipulators.

How should we protect the price?

Please, don't listen to them. They don't make any idea of what they are writing here.

That is clear, but other people reading this may not understand that these complaints and accusations are baseless. A simple exercise of thinking this through, of the options available, of what would happen if Synereo sold AMPs at market price or if we changed the rules of the sale now, etc etc would make anyone reach the same conclusions we have. Asking these questions is a way to provoke these thoughts into existence.

Tell this to the people who have no clue of poloniex etc and currently buy in at 40k. those people will get dumped on by the people who bought at 36k who will get dumped on by the people who bought at 33k who currently get dumped on by the people who already had this coin. don't forget the huge dump at the end of this crowdsale. were these your price manipulation prevention mechanisms?

[DecentralizeEconomics]

"The Synereo team has consulted with its community and economic experts, and deliberated the subject for a long time to come up with a sale mechanism that was considered fair for all parties involved, and that would prevent price manipulation and market turbulence."
 
What's going on? Synereo's last funding stage ends in one week and the price doesn't follow. Devs should at least try to prevent further dumping by putting up some walls like before. And don't come with the "BTC rise" excuse this is an official crowdfund ffs.

I Agree with you. Devs should protect price during the ICO, otherwise AMP become a playground for whales and price manipulators.

How should we protect the price?

Please, don't listen to them. They don't make any idea of what they are writing here.

That is clear, but other people reading this may not understand that these complaints and accusations are baseless. A simple exercise of thinking this through, of the options available, of what would happen if Synereo sold AMPs at market price or if we changed the rules of the sale now, etc etc would make anyone reach the same conclusions we have. Asking these questions is a way to provoke these thoughts into existence.

Tell this to the people who have no clue of poloniex etc and currently buy in at 40k. those people will get dumped on by the people who bought at 36k who will get dumped on by the people who bought at 33k who currently get dumped on by the people who already had this coin. don't forget the huge dump at the end of this crowdsale. were these your price manipulation prevention mechanisms?

There is no such thing as a "price manipulation prevention mechanism" in free crypto / free capitalism.  There is no way for anyone to prevent market swings except for implementing price fixing.  Deal with it.

[fezington]

"The Synereo team has consulted with its community and economic experts, and deliberated the subject for a long time to come up with a sale mechanism that was considered fair for all parties involved, and that would prevent price manipulation and market turbulence."
 
What's going on? Synereo's last funding stage ends in one week and the price doesn't follow. Devs should at least try to prevent further dumping by putting up some walls like before. And don't come with the "BTC rise" excuse this is an official crowdfund ffs.

I Agree with you. Devs should protect price during the ICO, otherwise AMP become a playground for whales and price manipulators.

How should we protect the price?

Please, don't listen to them. They don't make any idea of what they are writing here.

That is clear, but other people reading this may not understand that these complaints and accusations are baseless. A simple exercise of thinking this through, of the options available, of what would happen if Synereo sold AMPs at market price or if we changed the rules of the sale now, etc etc would make anyone reach the same conclusions we have. Asking these questions is a way to provoke these thoughts into existence.

Tell this to the people who have no clue of poloniex etc and currently buy in at 40k. those people will get dumped on by the people who bought at 36k who will get dumped on by the people who bought at 33k who currently get dumped on by the people who already had this coin. don't forget the huge dump at the end of this crowdsale. were these your price manipulation prevention mechanisms?

There is no such thing as a "price manipulation prevention mechanism" in free crypto / free capitalism.  There is no way for anyone to prevent market swings except for implementing price fixing.  Deal with it.

That's why people who buy tokens for 40.000 sats will be instant bagholders. Do you consider this fair as synereo stated? Nobody knows how this project will work out. Price development with this amount of coins held by devs? Time will tell. Big investors could have used these market swings to fill their bags even without bonuses. I know price movements are unpredictable. But they themselves stated that they had mechanisms to prevent market turbulences. Look at the Waves ICO. They also worked with buy walls to keep the price above ICO level. This is not a totally new or exotic idea as Elokane asked. How is this second crowdfunding round different from an ICO for new investors? All I'm saying is there should have been some safeguards installed for the investors sake.

[DecentralizeEconomics]

"The Synereo team has consulted with its community and economic experts, and deliberated the subject for a long time to come up with a sale mechanism that was considered fair for all parties involved, and that would prevent price manipulation and market turbulence."
 
What's going on? Synereo's last funding stage ends in one week and the price doesn't follow. Devs should at least try to prevent further dumping by putting up some walls like before. And don't come with the "BTC rise" excuse this is an official crowdfund ffs.

I Agree with you. Devs should protect price during the ICO, otherwise AMP become a playground for whales and price manipulators.

How should we protect the price?

Please, don't listen to them. They don't make any idea of what they are writing here.

That is clear, but other people reading this may not understand that these complaints and accusations are baseless. A simple exercise of thinking this through, of the options available, of what would happen if Synereo sold AMPs at market price or if we changed the rules of the sale now, etc etc would make anyone reach the same conclusions we have. Asking these questions is a way to provoke these thoughts into existence.

Tell this to the people who have no clue of poloniex etc and currently buy in at 40k. those people will get dumped on by the people who bought at 36k who will get dumped on by the people who bought at 33k who currently get dumped on by the people who already had this coin. don't forget the huge dump at the end of this crowdsale. were these your price manipulation prevention mechanisms?

There is no such thing as a "price manipulation prevention mechanism" in free crypto / free capitalism.  There is no way for anyone to prevent market swings except for implementing price fixing.  Deal with it.

That's why people who buy tokens for 40.000 sats will be instant bagholders. Do you consider this fair as synereo stated? Nobody knows how this project will work out. Price development with this amount of coins held by devs? Time will tell. Big investors could have used these market swings to fill their bags even without bonuses. I know price movements are unpredictable. But they themselves stated that they had mechanisms to prevent market turbulences. Look at the Waves ICO. They also worked with buy walls to keep the price above ICO level. This is not a totally new or exotic idea as Elokane asked. How is this second crowdfunding round different from an ICO for new investors? All I'm saying is there should have been some safeguards installed for the investors sake.

Yes, it seems fair to me.  Nobody is going to guarantee you instant profits.  The price fell 40% after the first crowdfunding.  Do you honestly want them to take money away from project development to buy back AMPs from people who are selling at a loss?  Honestly, it might be a good way to raise additional funds for them if they buy back at 28k sat, since they sold them for 40k sat, but then people would be screaming bloody murder.  This is just the way things work.  It's a much smarter and more ethical plan to use the funds to further development of the platform, because then everyone benefits.

[fezington]

h

"The Synereo team has consulted with its community and economic experts, and deliberated the subject for a long time to come up with a sale mechanism that was considered fair for all parties involved, and that would prevent price manipulation and market turbulence."
 
What's going on? Synereo's last funding stage ends in one week and the price doesn't follow. Devs should at least try to prevent further dumping by putting up some walls like before. And don't come with the "BTC rise" excuse this is an official crowdfund ffs.

I Agree with you. Devs should protect price during the ICO, otherwise AMP become a playground for whales and price manipulators.

How should we protect the price?

Please, don't listen to them. They don't make any idea of what they are writing here.

That is clear, but other people reading this may not understand that these complaints and accusations are baseless. A simple exercise of thinking this through, of the options available, of what would happen if Synereo sold AMPs at market price or if we changed the rules of the sale now, etc etc would make anyone reach the same conclusions we have. Asking these questions is a way to provoke these thoughts into existence.

Tell this to the people who have no clue of poloniex etc and currently buy in at 40k. those people will get dumped on by the people who bought at 36k who will get dumped on by the people who bought at 33k who currently get dumped on by the people who already had this coin. don't forget the huge dump at the end of this crowdsale. were these your price manipulation prevention mechanisms?

There is no such thing as a "price manipulation prevention mechanism" in free crypto / free capitalism.  There is no way for anyone to prevent market swings except for implementing price fixing.  Deal with it.

That's why people who buy tokens for 40.000 sats will be instant bagholders. Do you consider this fair as synereo stated? Nobody knows how this project will work out. Price development with this amount of coins held by devs? Time will tell. Big investors could have used these market swings to fill their bags even without bonuses. I know price movements are unpredictable. But they themselves stated that they had mechanisms to prevent market turbulences. Look at the Waves ICO. They also worked with buy walls to keep the price above ICO level. This is not a totally new or exotic idea as Elokane asked. How is this second crowdfunding round different from an ICO for new investors? All I'm saying is there should have been some safeguards installed for the investors sake.

Yes, it seems fair to me.  Nobody is going to guarantee you instant profits.  The price fell 40% after the first crowdfunding.  Do you honestly want them to take money away from project development to buy back AMPs from people who are selling at a loss?  Honestly, it might be a good way to raise additional funds for them if they buy back at 28k sat, since they sold them for 40k sat, but then people would be screaming bloody murder.  This is just the way things work.  It's a much smarter and ethical plan to use the funds to further development of the platform, because then everyone benefits.

That's the point. True, nobody guaranteed instant profit. BUT synereo themselves said that their sale mechanism would prevent market manipulation and turbulences which in my opinion should work both ways for old AND new investors. Ask the people who bought at 36 or 40k if they consider the recent price developments as turbulences or not. And setting up some walls with some reserves from a 4 Million Dollar budget (plus the budget pre second crowdfund) wouldn't risk any development acitivties in my opinion. Why wouldn't they buy their own tokens if they think it has so much potential. Again, waves' CEO did the same exact thing post ico to prevent excessive dumping at least for some amount of time.

[DecentralizeEconomics]

Why wouldn't they buy their own tokens if they think it has so much potential.

Probably because they believe that their technology has a lot of potential and that the market price will reflect that soon enough.  The point of this crowdsale is to raise money for development, not support the price action or soothe speculators nerves.

[fezington]

Ok.  If I haven't made my point clear by now, how about this: Would you buy AMP at 0.0004 BTC each right now? Exactly.

[DecentralizeEconomics]

Ok.  If I haven't made my point clear by now, how about this: Would you buy AMP at 0.0004 BTC each right now? Exactly.

I wouldn't.  I'd buy from Poloniex.  Do your own thing.  Be smart.

People who bought from the crowdsale received a discount.  They took the risk that their discount would put them at a greater advantage than buying off an exchange.  At some points of the sale, it did.  Now, it's cheaper to buy from the exchange depending on the amount you purchase.

This is the way it works.

[fezington]

Ok.  If I haven't made my point clear by now, how about this: Would you buy AMP at 0.0004 BTC each right now? Exactly.

I wouldn't.  I'd buy from Poloniex.  Do your own thing.  Be smart.

People who bought from the crowdsale received a discount.  They took the risk that their discount would put them at a greater advantage than buying off an exchange.  At some points of the sale, it did.  Now, it's cheaper to buy from the exchange depending on the amount you purchase.

This is the way it works.

The thing is, setting up some small safeguards would've been beneficial for the developers too. If the current price difference wouldn't be so high, more investors would buy into stage 3 of the crowdfund and secure their bonus which means more funds for development. At this point 40k won't attract anyone with minimum knowledge about crypto trading.

[beeframen]

Scam coin is still so high? I am waiting for 15k again. Only fools buy from second or more rounds of ico

[GoogleBit]

... I shaking my head ...

AMP is a brilliant coin and will be very successful one day, period

Little daytraders with 0.00004 btc moaning ... grow up, little fellows !
Investors stay calm and don't move, big time is coming ;-)

[luckygenough56]

most people bought first 24h with bonus

too many unknown on this project, supply/distribution is retarded and release date is too far away to support that price

[Diego24]

Well in all honesty I think the 40k AMP selling is retarded. And I don't care who was contacted for making this decision. Than the people you contacted are idiots. Why would you literally screw an investor ? An investor that sponsors you should get more rewarded than someone that buys cheap AMP on Poloniex; not getting burned 2 days later by seeing his investment crash by almost 50 %. Íf all companies would do what Synereo did, nobody would ever invest in a company. If AMPs were sold then it is because investors were badly informed. But you can be sure that anyone that finds out about AMP being half the price of ICO, will never again buy AMP from ICO.

I am amazed there are really people around here that defend in the most sick ways that it is OK and normal to sell people something that crashes 2 days later with 50 %.

[luzamarino]

I bought AMP via crowdsale and I will hold(to support project) and via an exchange , which I will probably still hold.
Though I don't see AMP reaching the value of ETH , may be one day we'll see 5€, so wherever you're buying from you will gain something one day.

[Diego24]

I bought AMP via crowdsale and I will hold(to support project) and via an exchange , which I will probably still hold.
Though I don't see AMP reaching the value of ETH , may be one day we'll see 5€, so wherever you're buying from you will gain something one day.

You can do whatever you want but I bought AMP much cheaper and when Synereo is a success I will profit much more than you, despite the fact that you sponsored the project much more than I did. You think that is fair ?

It is my opinion that when Synereo is succesfull, those that bought AMP at higher prices to support the project should get an extra bonus when the project becomes succesful.

[B!gSmoke]

I think the price of amp is slightly decreasing after the funding, because we will have an increasing amount of coins coming to the market after the funding and some of them will be dumped, for whatever reason.

[Golftech]

still cheap from polo and more interesting to keep buying more and more, just wait for the funding to be finished and lets see hope profitable this project will come, keep it moving dev we are waiting and holding for the big news to come.