Quote from: m4nki on September 19, 2016, 11:35:07 AM

Check out Synereo's most recent blog post concerning the burning of AMPs. Also, the fundraising campaign on https://bnktothefuture.com/pitches/synereo starts today!

Quote

Synereo Destroys $146,221,787 USD in AMPs[/b]
Posted by Dor Konforty

Up until an hour ago, Synereo LTD and its founders governed $300,000,000 worth of AMPs. But it was never our intention to be the central bank for our information flow currency. Such centralization goes against the very principles Synereo stands for.

Merely standing for principles is not enough.

That is why we have decided to burn about half of all AMPs held in Synereos wallets, including the Founder and Future Funding wallets, effectively destroying over $140 million worth of the cryptocurrency based on recent market prices.

Heres whats burning:

Founder Reward Wallet: 100,000,000 out of 200,000,000

Future Funding Wallet: 396,901,858 out of remaining 793,803,716 AMPs*

User Reward Wallet: 100,000,000 out of 200,000,000 AMPs

Content Creator Wallet: 75,000,000 out of 150,000,000 AMPs

Bounty Wallet: 55,000,000 out of remaining 220000000 AMPs**

Intermediary Bounty Wallet: 4207079.25 AMPs***

Total Burnt: 731,108,937 AMPs[/b]

[...]

https://blog.synereo.com/2016/09/16/synereo-burns-half-of-all-amps-in-existence/