Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
The problem here is the 950 million total supply, which is a big burden even if the product is delivered.
Who cares, I don't think the Synereo team will sell them. They are working hard on Synereo, and it will be probably worth a lot if they deliver it correctly.
Why sell the 950 million now, then you can sell that in 10-20 years for potential billions of dollars?
I believe most social media was also 80-90% in the hands of a few guys, so this is no different than investing in early Facebook or Google.
I dont think people should be scared of the supply. If the price rises, they won't sell, because their assets would only grow in price, and who is that stupid to sell into a starting bull market?
Who claimed they would sell? The issue here is: there is a huge amount of coins, which makes the valuation quite high, even for few cents per coin.
I'm with PG on this one, there's still only 82 million coins in circulation - the total AMP supply doesn't matter. Synereo already burned half of them!
Dor said earlier that they would use the remaining AMPS for development purposes. Development=more money brought into Synereo.
It is contingent. Therefore it cannot be neglected... Although those coins are currently locked, one day they will be unlocked, so the real market cap will be 949 million times price per coin.
Oh, sure, Synereo will sell ALL of their AMPs at the same time. You'd think that they would've done it sooner though, it's been 3 years. Hmm...
Market capitalization is calculated regardless of the owners intention of selling or not. That's my point.
Is the market cap of Bitcoin based on 21 million coins or what is now available in the market?