A copy from slack
Synereo has 60 000 000 amps in founder reward wallet.
Bellow is an announcement from Synereo slack:
"Dear all,
Synereo’s founders have been working on decentralized, liberated attention economy solutions since 2014. During these past 3+ years, we’ve been completely transparent with how the AMP tokens we have issued were used at every step, and have committed to continuing doing so even with our own personal allocations.
https://docs.google.com/…/1r1G-ROS4vgHK84qfn1CBIxuXZQ…/edit…
These founder AMPs, vested over 3 years, have never been sold to date. Unlike other projects in the space, we believed that we had to back our claims and promises with real, working, and useful products before allowing ourselves to benefit personally in any way.
With today’s release, and with our conviction in the strength of our upcoming offerings, we now feel comfortable enjoying this benefit of the space we operate in, where developers who work diligently can begin enjoying the fruits of their labor and the faith of their communities through their hard-earned tokens.
The Synereo founders are going to release AMPs from the founder wallet for the first time. We will:
1) Sell very small proportions of what we own, which you can track at the linked doc
2) *Only sell to private buyers OTC, NOT on open exchanges*
3) Only sell to those who believe in the long-term prospects of the project
4) Only sell during times of price increases
Our community has placed great trust in us with our use of AMPs so far, and we trust that you will continue doing so – especially as we persist in being 100% transparent with our use of them.
We thank you for this opportunity and hope that you find even greater benefit in our offerings.
-- Dor and Andy"
Is this serious?
1) Sell very small proportions of what we own, which you can track at the linked doc
What does "very small proportions" really mean? Maybe 5%? That would be a very small proportion, but still a huge dump of 10 million AMPs or more.2) *Only sell to private buyers OTC, NOT on open exchanges*
What difference does it make? Private buyers can dump in the market right after that and even profit from it, depending on the price they paid in the bulk OTC purchase... funny this sentence was in between **, probably meaning it was written in bold OMG!3) Only sell to those who believe in the long-term prospects of the project
Could it be more vague? Whoever the buyer is, this sentence will always sound appropriate, considering the buyer is buying, not selling...4) Only sell during times of price increases
Just like today, when it rose from 5300 sats to 5800 sats?