Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
by
CryptoClub
on 30/08/2016, 22:05:16 UTC
Quote from: jimmco on August 30, 2016, 09:26:03 PM
Quote from: philhellmuth on August 30, 2016, 09:09:51 PM
Quote from: jimmco on August 30, 2016, 07:16:13 PM
Maybe it's time to recap basic numbers:

General

Coinmarketcap shows 62,585,264 (or 62,737,901 according to synereo doc) AMP as total available supply ON MARKET

That would be nice if it's total number, but actually initial total number was 2,000,000,000

With current price it would make 367,700,000 $ , it's much more but it's still just ~1/3 of Ethereum

After 1st crowdsale

Now the good things

319,600,000 AMP were destroyed after crowdsale and it makes total number of available AMP 1,680,400,000 with current price it's 308,941,540$ and it would make it market no. 3 just behind Ethereum

After 2nd crowdsale

After first crowdsale, 15% AMPs were destroyed. It's hard to say how many will be destroyed after 2nd crowdsale, but let's assume it will be similar

Let's also assume 2nd crowdsale will be similar to the first (45 million AMPs), then there will be about 108 milion AMPs on the market

and marketcap will be about 19 million $

If burn will be similar there will be total 1,360,800,000 AMP in existence with evaluation 246,620,505 $

Just to be clear, each AMP token price is determined only by the available number of AMP tokens and not by all 2 bil. initialy created. Only the demand and suplly for the available AMPs is creating the price for the AMP token.
Yes, that's right. But huge amount of additional AMP can be thrown into the market practically anytime and that does investment difficult because it brings huge undeterminable inflation.

"But huge amount of additional AMP can be thrown into the market practically anytime" -- I don't think so, they have been around for years and everything is meticulous. My understanding is that around Sept 2017, give or take, would likely be the final crowd sale, and that would be for the "completed" platform. (This is from listening in public hangouts and not a secret)  So even if you are worried about it, that would be something to worry about in late 2017, and considering the price a year ago, I think anyone buying now should be pretty happy a year from now if the general uptrend continues. This is just personal opinion of course, but I have been buying since 15k and will buy more with the crowdsale.