Topic: [ANN] AMP - The Currency That Powers Your Attention On Synereo - page 287. (Read 879222 times)

Supply way too high in dev wallets and too high ico price for such early stage do that kind of thing.

Also eth is a mess and people realize specialized chains are more secure.

At this point, something like vcash has more chances to make it than hype projects who promise to do everything then end up with a 200 GB blockchain in one year and security holes everywhere.

Blockchain startup Synereo raises $4.7m in latest funding
Wednesday, October 26, 2016 10:49 AM UTC

Synereo, a Tel-Aviv-based startup developing a decentralized tech stack, has raised over $4.7 million in a funding campaign that concluded last week, selling both equity and AMPs – the platform’s innate cryptocurrency.

After spending years developing a blockchain-based decentralized social media solution, the company recently widened its operations to develop its own blockchain enabled decentralized computation platform, capable of running all forms of decentralized applications, the company’s social network being one such application. Synereo says that its tech-stack incorporates all faculties needed to support decentralized computation without central servers.

The funding campaign was launched shortly after Synereo announced its Blockchain 2.0 architecture, called RChain, which lies at the core of Synereo’s evolved tech stack. The funds will be used to expand its team and ensuring that its RChain-based technology stack can go live towards the end of 2017.

According to Synereo, RChain solves well-known problems of existing blockchains, enabling decentralized systems to be much faster, infinitely scalable and cheaper to maintain. In addition to that, and contrary to existing turing-complete blockchain solutions, Synereo’s platform comes with its own distributed cloud storage, allowing for efficient decentralized hosting of heavy media, as well as a reflective smart-contracting language. With this, Synereo hopes to be the first project to truly disrupt the traditional role of centralized servers.

In addition, Synereo recently announced a sizeable grant project aiming to populate its platform and to ensure fast growth and adaptation. It is inviting developers and entrepreneurs to develop decentralized applications for its platform, to foster the development of a decentralized ecosystem, competing with the current centralized paradigm.

More recently, the Silicon Valley-based NFX Guild partnered with Synereo and announced that it will include a selected few laureates of Synereo’s grant project in its prestigious Accelerator Program.

Since Synereo first announced its grant project, it has received hundreds of applications from teams eager to develop their applications on top of Synereo’s platform.

“We are now in the final stage of interviews, and will soon be selecting the first projects that will receive AMP grants to build on Synereo’s tech stack. We have 300 applications and it has taken our team a while to go through them and to choose from many amazing development teams and projects. Overall we are very excited at the level of interest to build the future of the decentralized internet with Synereo”, Dor Konforty, Synereo’s CEO, said.

Synereo is now scaling up its operations and expanding the company’s team to refine the developer tools needed to build on its platform and optimize the development effort of Synereo’s 2.0 tech stack.

According to Synereo’s development plan, the company’s anticipated RChain-based architecture will be up and running towards the end of 2017, ready to host Synereo’s social network beta shortly afterward. In the meantime, Synereo is further developing the alpha version of its social network, and invites the public to install its alpha nodes and participate in the test phase of the network. Instructions on how to do that can be found on the company’s Github account, Youtube channel and slack.

Source: http://www.econotimes.com/Blockchain-startup-Synereo-raises-47m-in-latest-funding-367193

You also know one of the AMP whales ? whats your agenda ? kinda fishy.

Don't worry. The wall won't be there for long as it will move toward 20k and then 19k sat. Why wouldn't the whale break 20k?! This is crypto. No regulation, no rules.  I warned everybody about the major dump.

And another wall at 21.

This coin is fucking over.

THIS IS FUCKING INSANE. 

THIS IS THE BIGGEST CRYPTO FUCKING SCAM IN THE HISTORY OF CRYPTOCURRENCY

People new to trading always fall for the manipulation. If you have weak hands sell. If you have bitcoin buy. If your in for the long haul HODL.

There are people who try to shake out the weak hands for their own gain in every market.  The uninformed are the ones who fall into their traps and sell.  The solution to this problem is: "Don't sell if you think the project has potential".  What do you expect people to do?  The smart individuals are buying right now and attempting not to drive the price higher.  They set buy orders and let the dropping market fill their orders.  They know the potential this project has and intend to capitalize on it to the fullest.  There are no guarantees in the free market.  All's fair in love, war, and trading.

Are there plans to  have an application (dapp) similar to Golem , Gnosis etc. ?
I think I saw somewhere there are already people creating dapps or at least chosen to do so.

I do NOT know, we are waiting for AMP to reply. Fearful, very very fearful, the whales will NOT profit because they are buying right NOW but whos to say the price will go back up unless they cause the spike?

The asset they hoard is getting a bad reputation because their dirty manipulation games, they probably still at profit, but for how long ?

About the numbers and facts from crowdsale, its strange indeed.  Many millions should have been invested but why are those investors not protecting their investment ? where are all those people ? we only see a hand full crowdsale investors in bitcointalk.

May I ask for farther information on how they could screw themselves?

I know one of the whales... I think he is the one setting these walls to try to buy amp at dirt prices, but it caused a mass paranoia and people are dropping bags like hot potatos.

I think those whales screwed themselves with their dangerous games.

I tend to think that the amount of funds collected on the crowdsale of AMP is just a myth and fictional figures!

Stupid coin. Inprofessional team not conforting investors

This is fucking ridiculous, market manipulation at its finest, walls were purposely set twice and crashed the price hard twice, screwing investors short and long term, At this rate AMPS peak will be 10,000 SATOSHI if that.

Can AMP respond to give some comfort for investors that bought at the crowdsale? I know the price may never see 30,000 again mabye we can suffer a 15% loss or 20% but at this rate this is absolutely scary. 50?!%

Given, that AMP is an amazing project and I do see massive potential but now we are rivaling with Zcash.

I flat out feel like I am going to vomit, Crypto Currency is starting to really show its true colors. To much manipulation, When you are developing a coin I believe its in your best interest to not screw over the initial investors making you who you are.

This is awful man. To much evil in this world.

Price obviously wanted to go up a few times before get hammered down by some greedy whales.

  Are you serious?

Edit: 2030!

It hasn't dropped more than 15 percent because the BTC bull run ( there wasn't a significant bull run since yesterday, other alts didn't drop down 15 percent ), a AMP whale put up a 200 k AMP sell wall and traders started to bend over and the price dropped fast.

Without manipulation the price should be -5%