https://github.com/rchain/board/blob/master/Board%20Meeting%20Minutes%2008-10-17.pdf"Evan asked how many of the AMPs have been sold, and Greg replied about 4 million, out of 10 million. Greg and Ed agreed on the goal to sell all AMPs but Ed requested a faster timeline." There could have been a dump of near a million amps yesterday, and that document is dated the 10th. They could be virtually done with it about now actually.
So this Greg guy is dumping AMP the complete time ? Good to know. It means that AMP is very undervalued. On the other hand, if he still has 60 % to dump and the Synereo team is also considering to dump part of their holdings, then it may take a very long time before these periodical AMP dumps are over.
There are nearly 1 billions tokens issued, around 900 million blocked waiting to be dumped. Dumps won't be over...
The number of AMPs in the available supply is not enough to run the eventual project. As the synereo project expands in scope more amps will be released in a controlled fashion. Personally I don't think there's enough!
I have 150k of the existing supply. Lets say existing supply is about 100 million with the recent releases. So personally I have 0.0015% of existing supply. Therefore 666 people could hold what I am holding and all supply would be gone. I do not consider these numbers to be large. Let us look at a few years down the road and the project is fully rolled out and all amps are in circulation, about 950 million. So for the entire amount to be held by investors like me it would take only 6300 people. Of course that number of people could not even attempt to corner the market as the price would be off to infinity.
So that's the bottom line. 6300 investors with 30k fiat to invest today could buy the entire supply. Of course that's just a thought experiment, there will be people with one amp and people with 1 million amps. Nevertheless the question you have to ask yourself is this a lot or not?