Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
I think the referral/advertising business will be the biggest target audience for this app. We can easily see the price at 0.03 BTC in notime.
In your estimation do you consider the possibility of circulating supply increase?
Currently there are 84 mil AMPs. If it stays fixed and WildSpark is successful and more people want AMPs and they start buying AMPs, this will lead to price increase.
But recently I'm thinking of other scenario.
Steemit exploited initial large payouts to bootstrap their economy and attract lots of media coverage with headlines like Steemit awards $1.3 Million to Users. (Although it is amazing how posts like this can earn $6k).
Synereo has "User Reward Wallet" and "Content Creator Wallet" totalling 175 mil AMPs. They may decide to start giving them away to content creators and curators to bootstrap the economy. For the economy in general this would be broader distribution, which is good. For investors hoping for supply scarcity this would be direct supply dilution and selling pressure.
this is not a micky mouse game like that ponzi steemit, they are professional and genuine people. If they had such plans to dump they would have also told earlier, that supply is not for dumping but for future funding and that also if required and they would burn many coins as they had told in february. And they had also told that they will give maximum 20 million amps which they have set aside as rewards for boosting adoption of users
So your claim is totally non sense
