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

[asian386]

I think the team needs to get to action, seeing the price at half the ICO price is very bad, there is no other way to look at it, they need something to move the price above 20ksat to regain investors confidence.

They will soon burn about 28 million coins, the coins that were left from the last fundraising campaign. I am sure that news will do good for the market. It might be the trigger for a new bull market.

It will be the third time that they will burn coins and as an AMP holder I love this fact. Burn them baby!

[DecentralizeEconomics]

I think the team needs to get to action, seeing the price at half the ICO price is very bad, there is no other way to look at it, they need something to move the price above 20ksat to regain investors confidence.

Why? Nothing has changed since funding. The reason why price decrease is, due to market manipulation, weak hands and btc rise. It's quiet around here lately, that's true but that's a good sign. That means they are developing and getting things done.

Don't get impatient.

I bought at ICO and am buying now whilst BTC is on the rampage.

Congrats

You're doing it right. *Thumbsup*

I bought 60k amps, too at the second funding round and now just wait.

ATM I'm more into Iconomi and try to get some more cheap coins there, before the rocket launches. (Sorry for the offtopic)

My goal is to have 60-100K by next summer !!! Not sure if I'll make it , but it's a dream

I think you will be able to achieve your goal easily, BTC's price is spiking high and altcoin prices are going down. Be sure to put your buy orders below 0.0001 BTC. I have some orders below 0.0001 BTC, I hope that order gets filled.

BTC has only gone up ~$120 from when AMP was 45k sats.  The percentage drop of AMPs doesn't correspond to the percentage gain of BTC.  Eventually, my guess is soon, AMPs will correct to their proper valuation.  Once the rocket ship lifts off, there will be nothing stamping down the price of AMPs.

This reminds me of when NXT was selling for ~50 sats back when it was first traded and BTC was ~$120 USD.  During a few short months BTC made its ATH (all time high) run to $1200 USD and NXT soared to over 8k sats.  The roaring BTC price had no affect on the price of NXT.  I see NXT and AMP in the same situation here.  Once the rocket fuel ignites, there's no going back.

[ZimSET]

I think the team needs to get to action, seeing the price at half the ICO price is very bad, there is no other way to look at it, they need something to move the price above 20ksat to regain investors confidence.

Why? Nothing has changed since funding. The reason why price decrease is, due to market manipulation, weak hands and btc rise. It's quiet around here lately, that's true but that's a good sign. That means they are developing and getting things done.

Don't get impatient.

I bought at ICO and am buying now whilst BTC is on the rampage.

Congrats

You're doing it right. *Thumbsup*

I bought 60k amps, too at the second funding round and now just wait.

ATM I'm more into Iconomi and try to get some more cheap coins there, before the rocket launches. (Sorry for the offtopic)

My goal is to have 60-100K by next summer !!! Not sure if I'll make it , but it's a dream

I think you will be able to achieve your goal easily, BTC's price is spiking high and altcoin prices are going down. Be sure to put your buy orders below 0.0001 BTC. I have some orders below 0.0001 BTC, I hope that order gets filled.

BTC has only gone up ~$120 from when AMP was 45k sats.  The percentage drop of AMPs doesn't correspond to the percentage gain of BTC.  Eventually, my guess is soon, AMPs will correct to their proper valuation.  Once the rocket ship lifts off, there will be nothing stamping down the price of AMPs.

This reminds me of when NXT was selling for ~50 sats back when it was first traded and BTC was ~$120 USD.  During a few short months BTC made its ATH (all time high) run to $1200 USD and NXT soared to over 8k sats.  The roaring BTC price had no affect on the price of NXT.  I see NXT and AMP in the same situation here.  Once the rocket fuel ignites, there's no going back.

i like your style,  a rather intelligent man 

you are correct, the drop does not correspond with the percentage gain of btc. its only a matter of time.

[bitmaster1x]

I don't buy into ICO's but I have no issues trading it.

[ZimSET]

I don't buy into ICO's but I have no issues trading it.

i run my trades in the same way, i buy post hype, which is why im heavy in AMP right now, take a look at the market depth on every exchange, there is no other coin like it, buys stacked right up, sells minimal, we are primed for a takeoff.

[DecentralizeEconomics]

I don't buy into ICO's but I have no issues trading it.

i run my trades in the same way, i buy post hype, which is why im heavy in AMP right now, take a look at the market depth on every exchange, there is no other coin like it, buys stacked right up, sells minimal, we are primed for a takeoff.

You got it dude.  

[numismatist]

Top 3 ... not a difficult task , a market cap of 300M would put us in 3rd place ... I know it's x50 from where we are now but Q4 2017 we will be there. The difficult part is hitting 1B.

No Altcoin is capable of doing so, with the fabulous exception of Zcash which did it in a strange fashion from above.

[DecentralizeEconomics]

Top 3 ... not a difficult task , a market cap of 300M would put us in 3rd place ... I know it's x50 from where we are now but Q4 2017 we will be there. The difficult part is hitting 1B.

No Altcoin is capable of doing so, with the fabulous exception of Zcash which did it in a strange fashion from above.

Ethereum reached over $1 Billion USD marketcap, and Synereo is the Ethereum KILLER!

[Elokane]

Guys, please don't use such language. We're not here to kill anyone.

The tools we're working on are at the cutting edge of not just technology, but of thinking and conceptualization. It's not even fully clear yet how these things should work, let alone how to code them. We're going to need every eyeball willing and able to help with this and create large collaborations in order to get this right. Adopting destructive competition language isn't going to get us anywhere.

We will be fortunate to enjoy success even to the degree Ethereum has. If we can create something more useful, that's great. If we can combine forces to benefit this space beyond that, that's even better.
I would not want anyone to be turned away because our community (or press) adopts a "only Synereo can win!!" mindset and attitude. It's not respectful to those who came before us and had wholesome intentions, it's not respectful to their supporters, it's not respectful to our overlapping communities, and it ignores what the Synereo team has learned from these and other projects and people.

Cheers

[luzamarino]

Guys, please don't use such language. We're not here to kill anyone.

The tools we're working on are at the cutting edge of not just technology, but of thinking and conceptualization. It's not even fully clear yet how these things should work, let alone how to code them. We're going to need every eyeball willing and able to help with this and create large collaborations in order to get this right. Adopting destructive competition language isn't going to get us anywhere.

We will be fortunate to enjoy success even to the degree Ethereum has. If we can create something more useful, that's great. If we can combine forces to benefit this space beyond that, that's even better.
I would not want anyone to be turned away because our community (or press) adopts a "only Synereo can win!!" mindset and attitude. It's not respectful to those who came before us and had wholesome intentions, it's not respectful to their supporters, it's not respectful to our overlapping communities, and it ignores what the Synereo team has learned from these and other projects and people.

Cheers

Great post ... I see "hate" on the ether and btw subs , it's really not needed and I posted the below in the ethtrader sub yesterday. Whether certain blockchains are competition or not , at least in the crypto sphere we should see that as healthy competition.

"Many of us here think Bitcoin is the enemy , it is not , we need to see it succeed , we need it to be part of an ETF , we need it to go to the moon. We need to show the world bitcoin and a host of other blockchains can be created by a group of people that get together and show an alternative to the world. The other alternative is HL and other multi billion dollar corporations taking over and doing as they have always done , in collusion with banks keep the profits for themselves and their cronies. What Bitcoin, Ethereum and XMR are about is opening that up so others can a piece of the pie that they have been excluded from eating. That others that don't have access to bank accounts and loans can also trade and make a living by using a currency such as BTC,ETH etc. wherever they are. Me, I hope BTC, ETH, XMR, SDC , whatever succeed and change an unfair system."

Do we want Synereo to have a 1B$ cap , yes and if Ethereum hits 2 or 3B great !!!

[bitmaster1x]

Guys, please don't use such language. We're not here to kill anyone.

The tools we're working on are at the cutting edge of not just technology, but of thinking and conceptualization. It's not even fully clear yet how these things should work, let alone how to code them. We're going to need every eyeball willing and able to help with this and create large collaborations in order to get this right. Adopting destructive competition language isn't going to get us anywhere.

We will be fortunate to enjoy success even to the degree Ethereum has. If we can create something more useful, that's great. If we can combine forces to benefit this space beyond that, that's even better.
I would not want anyone to be turned away because our community (or press) adopts a "only Synereo can win!!" mindset and attitude. It's not respectful to those who came before us and had wholesome intentions, it's not respectful to their supporters, it's not respectful to our overlapping communities, and it ignores what the Synereo team has learned from these and other projects and people.

Cheers

My thoughts exactly. We're working on a Crypto community  of our own... I am also market making AMP on both exchanges as well.

[liotmaan]

Can anyone explain what the big bag here is for??

http://omnichest.info/lookupsp.aspx?sp=39

Will it be released to the markets or not?

[asian386]

Can anyone explain what the big bag here is for??

http://omnichest.info/lookupsp.aspx?sp=39

Will it be released to the markets or not?

This is the total amount of AMPs in existence. The AMPs investors/traders hold are included in that number. Some coins (held in wallets by Synereo) which are not in circulation yet will come onto the market within the next couple of years. For example to attract users to the platform and to do another fundraising campaign to perfect the platform. These coins will come slowly.

The 949,291,062.75 you are talking about started at 2 billion. The reason that it is less than a billion now is that Synereo burned a lot of tokens. The first time they did this was in the ICO in 2015, that time they burned 319 million AMPs. The second time (in september this year) they burned 731,108,937 AMPs.

But it even gets better.... Synereo will burn coins again for the third time, they said before the recent fundraising campaign that they would burn unsold tokens. They reserved about 45 million coins and there are now 27,680,033 coins left in that wallet. So we can expect this number so be burned very soon  The total AMPs in existence will get smaller once again. 921,611,030 coins will be left after the burning event takes place.

The coming burning event will be a bullish event for the market, that's for sure. I won't sell my AMPs, to many good stuff coming!

[overthetop2011]

Can anyone explain what the big bag here is for??

http://omnichest.info/lookupsp.aspx?sp=39

Will it be released to the markets or not?

This is the total amount of AMPs in existence. The AMPs investors/traders hold are included in that number. Some coins (held in wallets by Synereo) which are not in circulation yet will come onto the market within the next couple of years. For example to attract users to the platform and to do another fundraising campaign to perfect the platform. These coins will come slowly.

The 949,291,062.75 you are talking about started at 2 billion. The reason that it is less than a billion now is that Synereo burned a lot of tokens. The first time they did this was in the ICO in 2015, that time they burned 319 million AMPs. The second time (in september this year) they burned 731,108,937 AMPs.

But it even gets better.... Synereo will burn coins again for the third time, they said before the recent fundraising campaign that they would burn unsold tokens. They reserved about 45 million coins and there are now 27,680,033 coins left in that wallet. So we can expect this number so be burned very soon  The total AMPs in existence will get smaller once again. 921,611,030 coins will be left after the burning event takes place.

The coming burning event will be a bullish event for the market, that's for sure. I won't sell my AMPs, to many good stuff coming!

Good info,thanks.

[DecentralizeEconomics]

Ethereum reached over $1 Billion USD marketcap, and Synereo is the Ethereum KILLER!

Guys, please don't use such language. We're not here to kill anyone.

Ok... no fratricide, but the Holy War against Facebook and Twitter still stands.

[bitmaster1x]

Looks like the trading activity has stalled. 

[medsi2]

Nice price to get in, Imo 

[luzamarino]

Looks like the trading activity has stalled. 

Looks like people are holding on to their bitcoins.

[bitmaster1x]

Looks like the trading activity has stalled. 

Looks like people are holding on to their bitcoins.

Going to try and get the AMP market moving again.

[SynereoCommunity]

Project 11 Featured Applicants

A few months ago, we invited leading decentralizers – developers, entrepreneurs, and curators – to work with us to deliver the next generation of dApps. Following the call, hundreds of teams submitted their proposals to Synereo’s Project 11 grant project, in the prospect of being included in the Synereo-NFX partnership program, receiving funding and professional guidance to build their decentralized applications on top of Synereo’s next-gen. platform.

The vetting process is still in its early stages, and selecting a handful of winners among the many inspiring submissions won’t be an easy task. However, to give you a taste of the action, we’ll introduce several projects from time to time, here on our blog. The lion’s share of these projects are still in bootstrapping mode, so feel free to contact the teams if you’re in the mood of partnering up.
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Read morehttps://blog.synereo.com/2016/11/16/project-11-appetizer-01/