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

[chanmaleng]

amp burning is still on @Elokane? if yes, will it be together with the beta news?

they had told about burning 1 month ago and they had also told they won't give any further info about this as they don't want to ruin the surprise

could anyone explain me what amp burning is?

Hello, amp burning is just terminating/eradicating or erasing a large amount of extra amps which were meant for future funding(which is no longer required now)

why it is no longer required?

It is no longer required because that amps allocated to project funding was initially set too much high because of worries about shortening of funds for funding and ruining of company. But now as the numbers begin finalising it is seen that so much funding is not required, and whatever previous fundings have given is enough for project development and even if some more funding would be required then there would be some amps still there, becuase all extra amps held by the admins won't be burned i beleive

so when amp is burned the price will raise?

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[kame]

someone mentioned "attention economy" solution with crypt currency are;

Synereo AMP
Steem
and GetGems (SCAM)

What's difference in between Synereo AMP and Steem then?

I know I should wait until beta come.

Let's say, Steem is Windows, then Synereo would be Apple? 

[chanmaleng]

someone mentioned "attention economy" solution with crypt currency are;

Synereo AMP
Steem
and GetGems (SCAM)

What's difference in between Synereo AMP and Steem then?

I know I should wait until beta come.

Let's say, Steem is Windows, then Synereo would be Apple?  

steem is a social network, synereo is not?

[Diego24]

Amp will guranteedly get value by value too soon and may even reach unbelievable heights of $100 or $500 or even $1000 . This is so because when that qrator will get popular then the amps(only amps will be used in whole qrator) will be in huge demand and because all these industries which Synereo's product qrator is targeting revolve around billions of dollars so amp marketcap would surely be more then 1 billion dollar where at 1 billion dollar marketcap price would be $11+. So don't under estimate this amp this might be one of the most fortune filled coin

Sorry man, but this is not an answer to my question. AMP is not going to get value by itself. What is in it for companies ? That will determine AMPs price. If this will come through advertisements, than I can understand how AMP could get value. There has to be something or else you will get an initial speculative investor pump and then when money is distributed to content creators, they will cash out and AMP will crash and stay crashed. If you don't know, maybe someone else can answer this question ?

[ziseyingfashi]

Amp will guranteedly get value by value too soon and may even reach unbelievable heights of $100 or $500 or even $1000 . This is so because when that qrator will get popular then the amps(only amps will be used in whole qrator) will be in huge demand and because all these industries which Synereo's product qrator is targeting revolve around billions of dollars so amp marketcap would surely be more then 1 billion dollar where at 1 billion dollar marketcap price would be $11+. So don't under estimate this amp this might be one of the most fortune filled coin

Sorry man, but this is not an answer to my question. AMP is not going to get value by itself. What is in it for companies ? That will determine AMPs price. If this will come through advertisements, than I can understand how AMP could get value. There has to be something or else you will get an initial speculative investor pump and then when money is distributed to content creators, they will cash out and AMP will crash and stay crashed. If you don't know, maybe someone else can answer this question ?

The official team, by creating such a synereo System, can provide a convenient channel for the creator of the content, and will be able to make a quick conversion into real profits. There are also some content people who are able to promote some very good video、 images from this platform for more users, and in this process, they also gain profits.The user is able to gain profits in this process by watching the content. Through such a process, it is more attractive to a new platform than the traditional media operator.It will attract more content creators to publish the latest in this platform, not on the traditional media web site.More and more users will also choose to see the content on this platform.As the only currency in this platform, the aMP will be added to the value of all the content on the platform.The official team itself holds a large proportion of the aMP.They can share some of the benefits that are added to each one content creator and promotion process by holding amp.I think that's their profit mode.

[ziseyingfashi]

Amp will guranteedly get value by value too soon and may even reach unbelievable heights of $100 or $500 or even $1000 . This is so because when that qrator will get popular then the amps(only amps will be used in whole qrator) will be in huge demand and because all these industries which Synereo's product qrator is targeting revolve around billions of dollars so amp marketcap would surely be more then 1 billion dollar where at 1 billion dollar marketcap price would be $11+. So don't under estimate this amp this might be one of the most fortune filled coin

Sorry man, but this is not an answer to my question. AMP is not going to get value by itself. What is in it for companies ? That will determine AMPs price. If this will come through advertisements, than I can understand how AMP could get value. There has to be something or else you will get an initial speculative investor pump and then when money is distributed to content creators, they will cash out and AMP will crash and stay crashed. If you don't know, maybe someone else can answer this question ?

The official team, by creating such a synereo System, can provide a convenient channel for the creator of the content, and will be able to make a quick conversion into real profits. There are also some content people who are able to promote some very good video、 images from this platform for more users, and in this process, they also gain profits.The user is able to gain profits in this process by watching the content. Through such a process, it is more attractive to a new platform than the traditional media operator.It will attract more content creators to publish the latest in this platform, not on the traditional media web site.More and more users will also choose to see the content on this platform.As the only currency in this platform, the aMP will be added to the value of all the content on the platform.The official team itself holds a large proportion of the aMP.They can share some of the benefits that are added to each one content creator and promotion process by holding amp.I think that's their profit mode.

As the only currency in this platform, the aMP will be added to the value of all the content on the platform.The official team itself holds a large proportion of the aMP.They can share some of the benefits that are added to each one content creator and promotion process by holding amp.I think that's their profit mode.

[chanmaleng]

Amp will guranteedly get value by value too soon and may even reach unbelievable heights of $100 or $500 or even $1000 . This is so because when that qrator will get popular then the amps(only amps will be used in whole qrator) will be in huge demand and because all these industries which Synereo's product qrator is targeting revolve around billions of dollars so amp marketcap would surely be more then 1 billion dollar where at 1 billion dollar marketcap price would be $11+. So don't under estimate this amp this might be one of the most fortune filled coin

Sorry man, but this is not an answer to my question. AMP is not going to get value by itself. What is in it for companies ? That will determine AMPs price. If this will come through advertisements, than I can understand how AMP could get value. There has to be something or else you will get an initial speculative investor pump and then when money is distributed to content creators, they will cash out and AMP will crash and stay crashed. If you don't know, maybe someone else can answer this question ?

The official team, by creating such a synereo System, can provide a convenient channel for the creator of the content, and will be able to make a quick conversion into real profits. There are also some content people who are able to promote some very good video、 images from this platform for more users, and in this process, they also gain profits.The user is able to gain profits in this process by watching the content. Through such a process, it is more attractive to a new platform than the traditional media operator.It will attract more content creators to publish the latest in this platform, not on the traditional media web site.More and more users will also choose to see the content on this platform.As the only currency in this platform, the aMP will be added to the value of all the content on the platform.The official team itself holds a large proportion of the aMP.They can share some of the benefits that are added to each one content creator and promotion process by holding amp.I think that's their profit mode.

As the only currency in this platform, the aMP will be added to the value of all the content on the platform.The official team itself holds a large proportion of the aMP.They can share some of the benefits that are added to each one content creator and promotion process by holding amp.I think that's their profit mode.

The Beta will make use of AMPs, Synereo’s cryptocurrency. The AMP allocation and transfer mechanism will be the first real-world application of Synereo’s Attention Economy Model.
https://blog.synereo.com/2017/06/04/development-update/

[Diego24]

Ok guys, I appreciate your replies but it is clear to me that nobody knows where AMP will get its value from. @Elokane, could you please elaborate how AMP will get value in the future ? Is it through an advertisement model ?

[Ajayjkhidhgtfe]

Ok guys, I appreciate your replies but it is clear to me that nobody knows where AMP will get its value from. @Elokane, could you please elaborate how AMP will get value in the future ? Is it through an advertisement model ?

No it is not advertisement only, but the main system is that amp will be required everywhere in synereo, whether you want to share something, or want to advertise, or want to reshare, or if you are a content creator then when you show your good content then you earn, but the main point is that there will be no  censorship or getting revenue from advertising by company. All is for the public, this will be first fully decentralised social network.

And for those who compare it with steem, then this is not some ponzi or other simple or earning system. This is a social network, a reddit like news site like "front page of web" or web 2.0, a system to compensate meagre earnings of content creators of youtube and others. So now you know whaaat this is! 

[Ajayjkhidhgtfe]

Ok guys, I appreciate your replies but it is clear to me that nobody knows where AMP will get its value from. @Elokane, could you please elaborate how AMP will get value in the future ? Is it through an advertisement model ?

No it is not advertisement only, but the main system is that amp will be required everywhere in synereo, whether you want to share something, or want to advertise, or want to reshare, or if you are a content creator then when you show your good content then you earn, but the main point is that there will be no  censorship or getting revenue from advertising by company. All is for the public, this will be first fully decentralised social network.

And for those who compare it with steem, then this is not some ponzi or other simple or earning system. This is a social network, a reddit like news site like "front page of web" or web 2.0, a system to compensate meagre earnings of content creators of youtube and others. So now you know whaaat this is! 

And now let us leave this discussion.  Everybody will know and feel the tremendous power of Beta soon.

So let Qrator come!!!   

[Diego24]

No it is not advertisement only, but the main system is that amp will be required everywhere in synereo, whether you want to share something, or want to advertise, or want to reshare, or if you are a content creator then when you show your good content then you earn, but the main point is that there will be no  censorship or getting revenue from advertising by company. All is for the public, this will be first fully decentralised social network.

And for those who compare it with steem, then this is not some ponzi or other simple or earning system. This is a social network, a reddit like news site like "front page of web" or web 2.0, a system to compensate meagre earnings of content creators of youtube and others. So now you know whaaat this is! 

No content creator would care for Qrator if AMP is worth nothing. No curator is interesting in curating if AMP is worth nothing. The value of AMP doesn't come from rewarding people. There have to be people outside AMP that want to get in because getting in AMP is beneficial for them. Curating posts is only beneficial for selling AMP. So there has to be some kind of advertisement model or else AMP will collapse. Or maybe there is another model behind it that attracts people to get into AMP. Why does anyone need to buy AMP ? Question still not answered.

[positivechain]

Why digital artists, musicians, writers, photographers, videographers etc. make pennies on the internet while greedy middlemen make millions?!

Digital freelancers, creative people, all internet users… We absolutely need Synereo’s Attention Economy!

[kame]

Ok guys, I appreciate your replies but it is clear to me that nobody knows where AMP will get its value from. @Elokane, could you please elaborate how AMP will get value in the future ? Is it through an advertisement model ?

>>nobody knows where AMP will get its value from.

oh, not only me, AMP flow scheme is so complex...!!  

One things I wonder is, Synereo should be easy to use to everybody in the world who use youtube and such social medias. If it's too complex, only innovators will show their interest but not ordinal people.

I won't say too much but I hope Qrator will be user friendly and very understandable without manual when I touch and feel it.



 

[TrippinOnCheese]

Please correct me if I'm wrong, but I have a feeling that Qrator is basically a new kind of a mass pyramid system.
User "a" AMPs content (let's say a Youtube video), and shares his link with others. Those other people can now watch the video and decide if they also want to AMP it. If they do, part of their "investment" goes to the creator of the content, and another part of it goes to the previous AMPer who directed them to that content. This is how the pyramid starts, and the rest is just more iterations of the same process.

Can someone (dis)approve this notion I have about Qrator? The available information online is not so clear regarding the basic mechanisms behind this project.

 

[kame]

Please correct me if I'm wrong, but I have a feeling that Qrator is basically a new kind of a mass pyramid system.
User "a" AMPs content (let's say a Youtube video), and shares his link with others. Those other people can now watch the video and decide if they also want to AMP it. If they do, part of their "investment" goes to the creator of the content, and another part of it goes to the previous AMPer who directed them to that content. This is how the pyramid starts, and the rest is just more iterations of the same process.

Can someone (dis)approve this notion I have about Qrator? The available information online is not so clear regarding the basic mechanisms behind this project.

 

pyramid system sounds not good impression... anyway, @TrippinOnCheese you better to be in Qrator waiting list, welcome to our club!

[TrippinOnCheese]

Please correct me if I'm wrong, but I have a feeling that Qrator is basically a new kind of a mass pyramid system.
User "a" AMPs content (let's say a Youtube video), and shares his link with others. Those other people can now watch the video and decide if they also want to AMP it. If they do, part of their "investment" goes to the creator of the content, and another part of it goes to the previous AMPer who directed them to that content. This is how the pyramid starts, and the rest is just more iterations of the same process.

Can someone (dis)approve this notion I have about Qrator? The available information online is not so clear regarding the basic mechanisms behind this project.

 

pyramid system sounds not good impression... anyway, @TrippinOnCheese you better to be in Qrator waiting list, welcome to our club!

Impression aside, is this general description correct?
If so, does Qrators also get a part of the investments done by people who were not referred by them? E.g. if I AMP content, and then you come and AMP it as well, do I get some AMPs from your investment?
Also, what would stop me from copying a content made by someone else and have people AMP it instead of the original piece?

[TheCryptoKing111]

Ok guys, I appreciate your replies but it is clear to me that nobody knows where AMP will get its value from. @Elokane, could you please elaborate how AMP will get value in the future ? Is it through an advertisement model ?

People will need to buy amps to participate and curate content this alone will drive the price higher

[Diego24]

Ok guys, I appreciate your replies but it is clear to me that nobody knows where AMP will get its value from. @Elokane, could you please elaborate how AMP will get value in the future ? Is it through an advertisement model ?

People will need to buy amps to participate and curate content this alone will drive the price higher

So you curate and as an action of this curation you pay the creator ? Why would I pay to curate a video that is free on youtube. A clcik on the like button is free.

[TrippinOnCheese]

Ok guys, I appreciate your replies but it is clear to me that nobody knows where AMP will get its value from. @Elokane, could you please elaborate how AMP will get value in the future ? Is it through an advertisement model ?

People will need to buy amps to participate and curate content this alone will drive the price higher

So you curate and as an action of this curation you pay the creator ? Why would I pay to curate a video that is free on youtube. A clcik on the like button is free.

See my guess 4 posts past.
Looks like you will get AMPs yourself if you manage to get more people to watch the video and AMP it themselves.
It is an investment with returns that depends on others investing as well (i.e. pyramid).

Again, if I am wrong, I would be happy if anyone could correct my understanding of Qrator.

[Diego24]

See my guess 4 posts past.
Looks like you will get AMPs yourself if you manage to get more people to watch the video and AMP it themselves.
It is an investment with returns that depends on others investing as well (i.e. pyramid).

Again, if I am wrong, I would be happy if anyone could correct my understanding of Qrator.

I don't think you will earn more money than you put into it. Only if by coincidence you were the first to curate a very good content. But majority will lose money so in the end it will collapse. That's why I am asking here if companies will enter AMP for advertising purposes. If companies buy up AMP in order to advertise on the (future) Synereo social network, than sure it can work without being a pyramid scheme. Of course, in the short run AMP will only get value through speculative investment.