There is no big run for your crowdsale. Maybe it´s time to think about the price.
More AMP per dollar could speed it up.
Honestly, 6m$ at this state of an high risk project like Synereo is not realistic anyway.
Dear Momimaus,
The $6m number floating around here is false.
Let's examine why and where we're really at:
MaidSafe, a crypto project promising a distributed storage solution, has a marketcap value of $10m+ with only 10% of its coins available on the market. This means that once their system is up and operational, price times available coins will equal more than a hundred million dollars. $100m.
Synereo, which already has an existing storage solution and much more, is currently only releasing 18.5% of available coins to the market - along with a few bounties (not even 1% at this point) and the 1/30 of the founder reward each month (i.e. 1% allocated 3 months from now). All remaining coins -> saved for future crowdsales, distributed to people who join the network and to content creators -> will be locked away for a long time, until we release our application to the public, at which point we will have proved Synereo's worth - and AMPs will begin having their innate value in the platform.
Let's round it up and call it a 20% available (assuming all coins are sold) and we reach close to $1.3m - the number which will actually appear on coinmarketcap. Now we're in an equivalent territory to GetGems, the Telegram-based messaging app.
Do you think $1.3m is a fair cryptocurrency marketcap value for a fully distributed technology already capable of distributed storage, smart contracts, and the plethora of other offerings we have in place?
Oh wow. That´s a sick answer.
Maidsafe will be mined over many many years. The 100m is at the end, according to Bitcoin with 21m coins.
But you don´t have mining. All the coins are premined. Just because you just don´t sell them, they don´t exist?
No, quite the opposite. Further crowdsales, bountys, giveaways, etc. will dump the price.
The 6m are correct, and it`s even worse, there is a 5% inflation ontop.
Yes, 1,3m will be shown an CMC, but that´s not an argument. Do you want be ripple or what?
The marketcap is 6m, that´s a fact. Blinding people is not an appropariate behavior.
If I think it´s worth 6m at this stage? Absolutely not.
But that´s not the question. I see 30k investments so far. So I think it is safe to say, that the people don´t think that it is so much worth.
Don´t crurify the messenger.
What does it matter if it's "mined" over many years or released to the public from existing wallets over many years? Both options hinge on the success of the project. In both options, coins will only be released to the market if an application actually exists and if people use it. If Synereo doesn't release an application, the vast majority of coins will never see the light of day as no one will wish to buy them in additional crowdsales and they'll remain locked in a wallet forever. If MaidSafe doesn't release an application, people won't mine it and create more SafeCoins.
MaidSafe sold all of their coins for $8m. We are selling less than a third of our coins for $1.2m and keeping the rest until we actually prove our mettle.
There are very clear rules for what happens with the rest of the coins not available to the market, unlike any other project in the ecosystem - including Ripple.
The difference is that they will be created by an algorithm und not released by people we don´t know.
Yes an Ethereum sold 20m and NXT für 20BTC so what? Comparing apples with oranges.
Don´t matter, keep your price. But look at the coins you already sold. People don´t buy.
If you double the amount, maybe they will come. Keeping a lot of coins for future crowdsales won´t give you the money you need today.
It´s not 2013, people don´t throw their money whereever a new project rises. And that´s good.
.
