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

[alexjonescrypto]

Blockchain Startup Synereo Threatens Monopoly of Ethereum as Major DApps Host

https://cointelegraph.com/news/blockchain-startup-synereo-threatens-monopoly-of-ethereum-as-major-dapps-host

Synereo GO GO GO!

Different dApps for different platforms.

[TrueAnon]

Hahahaha love it

Yes, GO AMPS!

Also, still waiting on amps from bnktofuture site.

[luzamarino]

There are 63M Amps on the market , how many are due to be released in the next coming weeks from the 2016 crowdsale ¿
Total Amps is about 950M.

[jvper]

There are 63M Amps on the market , how many are due to be released in the next coming weeks from the 2016 crowdsale ¿
Total Amps is about 950M.

The AMPs sold are nearly half of the current supply. Current supply would then increase by some 50%.

[luzamarino]

There are 63M Amps on the market , how many are due to be released in the next coming weeks from the 2016 crowdsale ¿
Total Amps is about 950M.

The AMPs sold are nearly half of the current supply. Current supply would then increase by some 50%.

Thanks , and total Amps of 950M will increase or are there plans to burn Amps and maintain this value ?
Would like to know how many Amps we will see in 5 and 10 years.

[LuckyLeprachaun]

How many total coins are there?

[DecentralizeEconomics]

There are 63M Amps on the market , how many are due to be released in the next coming weeks from the 2016 crowdsale ¿
Total Amps is about 950M.

How many total coins are there?

I'll repost this so you guys know what is going on:

AMPlifiy this post... Anyone really gonna use this? Will people purchase AMPs so they can upvote stuff? I doubt that.

AMPlifiy this post... And loose money with that...

Would YOU do this? Not someone you can imagine...

It's like with this social network for pets. If you ask around you find a lot people who can imagine such a thing would be profitable. But in reality, no one would use it.
This does not even work with STEEM. As I understand, the more STEEM, the more upvote. But with STEEM, these are not lost after upvoting. And yet steemit isn't really profitable for investors.

Except for advertisers perhaps...

AMPs have value because of their use case for advertisers, but they also are valuable for a lot of other use cases.  One of those being content producers (aka musicians, artists, etc...) who will now be able to directly sell their content to the consumer without having to use middlemen (aka Spotify, iTunes, etc...).  AMPs are also the intermediary token for monetary transfers on the decentralized internet.  Want to send BTC or Fiat (a fiat token redeemable through a gateway service)?  The financial instrument that you send will be converted to AMPs, sent to the recipient, and reconverted into the currency of their choice on the fly.  Also, AMPs are the underlying token of the RChain.  AMPs will have plenty of uses on the decentralized internet and all the dApps and companies which will be utilizing it.

You guys do realize that the crowdsale buyers is losing money is not a good thing to Synereo, basically its because of their investment of 4.7M that there will be development....

If you're expecting a large return in the next week or two, it's probably not going to happen.  If you're willing to wait a little longer, I seriously think AMPs will easily hit $5 USD next year.  Synereo is leaps and bounds better than Ethereum and the full AMP distribution, in my estimate, is many, many years off.

Problem is, there are much more AMPs than ETH. Total supply:

1,680,400,000 AMP
     85,271,149 ETH

So there are almost 20 times more AMP than ETH.

Please do correct me if I am wrong!

Here's the Synereo AMP Finance GDoc: https://docs.google.com/spreadsheets/d/1r1G-ROS4vgHK84qfn1CBIxuXZQCCvIicCTQSxW1T_mo

As you can see, the total amount of AMPs on the market right now is ~63M.

The total amount of AMPs that can ever be issued is ~949M.

I expect another 26M will be issued from the just concluded crowdsale.  This puts the total float at 89M AMPs.  Probably around 14M AMPs out of the 949M will be burned, which will leave 935M.

Out of those 935M another 846M are left to be issued.  100M are the founders and will most likely be locked up until a substantial price increase happens.  Another 425.2M are allocated for future funding rounds.  There won't be another crowdsale for a year or a year and a half.  If only 44M AMPs were available this funding round the team has another ten years of funding rounds before this is exhausted.  This time only 59% of the 44M AMPs available in the crowdsale were sold.  Extrapolating that to the future, I expect 174.33M AMPs to be burnt before total disbursement which would put the cap at 760.66M AMPs.  The "bounty wallet", "content creator wallet", and "user rewards wallet" amount to a combined total of 290M, and again, fall under long term disbursement.  The situation now sits that there will only be 89M AMPs for the next year or more.  If you think they'll do another crowdsale yearly for ten years to fund development, you're looking at an increase of 67.16M per year.  If this project is even moderately successful, that's nothing.  Look at the marketcap of Ethereum.  It's at $1B.  Synereo is much better than Ethereum from a technological point of view.  Synereo is also much more marketable than Ethereum.  Even if Synereo just reaches $1B marketcap in two years (personally, I think it will go much higher, much sooner), you're looking at a total of 223.33M AMPs with a total market cap of $1B which means each AMP would be worth $4.47 USD.

[CollegeKid]

No amount of news is changing the coins price, everything is slowly recovering while amp is sitting still like a duck and all the investors keep saying hold, hold it until you start growing old and die.

I really dont care if the coin is going somewhere 1 year or 2 years or 3 years from now.

Crashing the price right after the crowdsale is spitting in the investors face. I mean 10% 20% not even 25% almost 50% of crowdsale price.

Lets pump it up real quick put walls and host the crowdsale at a higher price to gather more money, great idea. But your pissing off some mentally unstable people.

[Revelations86]

No amount of news is changing the coins price, everything is slowly recovering while amp is sitting still like a duck and all the investors keep saying hold, hold it until you start growing old and die.

I really dont care if the coin is going somewhere 1 year or 2 years or 3 years from now.

Crashing the price right after the crowdsale is spitting in the investors face. I mean 10% 20% not even 25% almost 50% of crowdsale price.

Lets pump it up real quick put walls and host the crowdsale at a higher price to gather more money, great idea. But your pissing off some mentally unstable people.

Yes, that was the precise manipulation which they orchestrated.  They pumped the AMP price in order to artificially set the ICO price and right after the ICO ended, they dumped their AMPs right before the ICO AMPs are due to be released while throwing investors under the bus and cashing out both from the "donations" and their dump.  It's pretty clever what they did.  As soon as the new AMPs are released to the donators, its a simple law of economics, more supply and less demand means the price is going to further crash.

[Elokane]

No amount of news is changing the coins price, everything is slowly recovering while amp is sitting still like a duck and all the investors keep saying hold, hold it until you start growing old and die.

I really dont care if the coin is going somewhere 1 year or 2 years or 3 years from now.

Crashing the price right after the crowdsale is spitting in the investors face. I mean 10% 20% not even 25% almost 50% of crowdsale price.

Lets pump it up real quick put walls and host the crowdsale at a higher price to gather more money, great idea. But your pissing off some mentally unstable people.

What benefit would Synereo have manipulating the market price for a higher sale price? A higher sale price only makes the sale less lucrative.

The goal of the fundraising campaign was to allow the project to have the resources to go forward and deliver on its stated aims. Increasing the price artificially would go against that goal.

[Elokane]

Also given how Elokane chose to respond to the ICO investors who just funded his whole project and had legitimate concerns, Choosing to default into the scripted Legal Cover Your Ass statement and throwing them under the bus, indicates how much these "donators" are actually valued by the Synereo team and casts further doubt on the individuals behind the project.  

May I ask for your advice about how to answer such questions next?

[usukan]

somebody is clearly clamping AMP at this current low price - its costing them a lot

is this Synereo? Seriously doubt it..............

Join the dots

[alexjonescrypto]

That is all.....

[Diego24]

No amount of news is changing the coins price, everything is slowly recovering while amp is sitting still like a duck and all the investors keep saying hold, hold it until you start growing old and die.

I really dont care if the coin is going somewhere 1 year or 2 years or 3 years from now.

Crashing the price right after the crowdsale is spitting in the investors face. I mean 10% 20% not even 25% almost 50% of crowdsale price.

Lets pump it up real quick put walls and host the crowdsale at a higher price to gather more money, great idea. But your pissing off some mentally unstable people.

Well, of course it is not nice but are you sure Synereo is behind the price pumping ? I am also investing in other coins. One of these coins brought great news last week and immediately at news release the price crashed. And this was not done by the dev team. People of the dev team got frustrated about this dump themselves.

There are always manipulators in any stock market. They pump up the price and then dump it so holders get mentally exhausted and sell their coin cheap so the dumpers can buy this coin at cheaper price. The important thing is not to look at shortterm price. Look at longterm price. And if you do care for shortterm price than don't trade it as if you were playing longterm but sell immediately when you see price crashing. And if you really believe in this project ... look at current price from a positive perspective ... it might be a great time to buy AMP at discount prices now.

[numismatist]

Yes, that was the precise manipulation which they orchestrated.  They pumped the AMP price in order to artificially set the ICO price and right after the ICO ended, they dumped their AMPs right before the ICO AMPs are due to be released while throwing investors under the bus and cashing out both from the "donations" and their dump.  It's pretty clever what they did.  As soon as the new AMPs are released to the donators, its a simple law of economics, more supply and less demand means the price is going to further crash.

Meanwhiles Bitcoin continues it's walk to the moon. Demand might want to focus over there!

[NotMyFarm]

Yes, that was the precise manipulation which they orchestrated.  They pumped the AMP price in order to artificially set the ICO price and right after the ICO ended, they dumped their AMPs right before the ICO AMPs are due to be released while throwing investors under the bus and cashing out both from the "donations" and their dump.  It's pretty clever what they did.  As soon as the new AMPs are released to the donators, its a simple law of economics, more supply and less demand means the price is going to further crash.

Meanwhiles Bitcoin continues it's walk to the moon. Demand might want to focus over there!

now we are into the 'election limbo'
fingers crossed
btc up .... alts down ...

[numismatist]

now we are into the 'election limbo'
fingers crossed
btc up .... alts down ...

If the dollar suffers, Bitcoin is the only safe heaven. Remember that "Brexit"

[luzamarino]

now we are into the 'election limbo'
fingers crossed
btc up .... alts down ...

If the dollar suffers, Bitcoin is the only safe heaven. Remember that "Brexit"

Short term AMPs and all alts will suffer but they will bounce back. Many will plough BTC profits into alts ... just a matter of getting the timing right.
At the moment BTC is a safe bet.

[ichigo13]

New Update from the BF Support

To all Synereo investors,

If  you check your BnkToTheFuture account you will see that your AMP balance has been added to your account for all that were entitled to AMP (This may not apply to you as the minimum investment for the AMP bonus for equity investors was $1,200). The Synereo team has sent us the AMP, but as per the terms they can only be withdrawn at the same time as those that purchased AMP directly from the Synereo website to ensure all AMP are available at the same time.

For now you can check your AMP balance by clicking on the ‘Financials’ section of your account. From there click on ‘BF Balance’ and change the currency to AMP to see your AMP balance.

You are able to request a withdrawal but it will not be processed until the Synereo team confirm that they are releasing AMP to those that purchased AMP from them direct.

You will also need to have uploaded your proof of residential address and photo identity document before any withdrawal can be processed. To prevent any delays receiving your AMP please make sure you upload these documents ASAP and if you want to fast track your identity verification please also send a support ticket and let our support team know that you intend to withdraw your AMP ASAP and therefore would like us to fast track your ID verification. We will do all we can to do this faster but we normally take up to 48 hours to verify identity so please do not delay this.

The Synereo team calculated how many AMP you are entitled to based upon the time you invested and the offer at the time, so if you have any discrepancies then please let the Synereo team know (hello@synereo.com) and they will need to contact us to make any changes should they authorise them.

We have not been given a date for this yet as the Synereo team are working on the final developments that require the OMNI wallet development team to help them. Once they have confirmed this is complete we look forward to getting your withdrawals processed as fast as possible. We expect this to happen very shortly, however, so please make sure you are prepared to withdraw your funds if you wish to do so.

The Synereo team recommends storing AMPs in cold storage. See instructions here.

Please remember for security all withdrawals are processed manually by our payments team once a day. We will do our best to process them as fast as we can for you.

We thank you for investing with us and we look forward to getting the word from the Synereo team so we can process all withdrawal requests. Once this is complete we will move to finalising all the legal paperwork so we can issue all investors share certificates for those that invested rather than backed Synereo. This is already underway.

Happy Investing

[luzamarino]

Any cold wallet instructions ?