Post
Topic
Board Announcements (Altcoins)
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
by
Diego24
on 27/08/2018, 15:02:44 UTC
Has the team stopped selling their AMPs? By the way, I don't understand why they have to sell AMPs before their BTC depleted. Maybe they don't trust AMP price will soar.

I would like a clear answer to this question as well. I think their funds are held in btc. It sounds like they don't need any fund raising according to this video just past the one minute mark.

https://www.youtube.com/watch?v=5Wf48k1TyXA

There's a doc that shows all their spending and AMPs on Synereo.com. Quite transparent. And it is the blockchain after all...nothing can hide.

What is still hidden is why they started selling AMPs before selling all their BTC. They had so many BTCs, around $100 million dollar.

Can you please explain what selling you are talking about?

If you search back in this thread, Synereo team publicly announced they started selling AMPs. Search for Dor Konforty's posts. Notice they still have BTC on their wallet. Is it explained?
So ? They are right to sell. They know they will never deliver what they promised. There are better competitors out there like for example BAT. Moreover, crypto is in a bear market which means alts are getting crushed. Every smart team will sell some of their shitcoins for BTC anyway.