Post
Topic
Board Announcements (Altcoins)
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
by
mv1986
on 03/08/2017, 17:24:44 UTC
Hey chill down, we don't know if they are selling, there is no proof.

Maybe they just setup their new infrastructure for the beta release and they moved the money into that infrastructure.

The system will give out AMP to curators I think so they need to fill up the bucket from where it will be given out, maybe that is where the AMP went.
No 100% proof but high chances are they are selling:

* Exactly 1,500,000 AMPs have left Founder Reward Wallet
* 947k AMPs reached an address that starts with "1Po1o", has 100+ mil USDT and 25 mil AMP. I bet it is Poloniex.
* 300k AMPs reached an address that has 47 mil USDT and 12 mil AMP. Either Bittrex or second Poloniex address.

I'm pretty sure this is not related to infrastructure Smiley Besides, there are other wallets to "give out" AMPs like "User Reward Wallet" and "Content Creator Wallet".

What I don't understand is why touch Founder AMPs at all when they have raised like 4 mil USD.

Very good research, these jewish devs should answer for this honestly

lmao that's one way of putting it.  i still think their project has very very good potential and the price SHOULD move nicely in future.  but the huge amount of coin total, how it's spread and the whalebot manipulation killllll this coin every time in the market...ugh fuck.  if they would just burn half the supply things would be much better in AMP land.

Indeed, I'd also like to see them burn at least some of the remaining coins. Though you can be assured there is a lot of strategy involved in the way they do or do not announce things.