Synereo Collapse? Wanted to Raise 4 700 Bitcoins, 173 Bitcoins Raised So Far
Synereo, which calls itself the world's first fully-decentralized social network, recently launched a crowdfunding campaign to raise 4 700 bitcoins ($1.2 million). The goal is to have the technology and resources to build a decentralized network and provide a better social network experience. Synereo will reward contributors in AMPs - the network's own currency which can be used to amplify messages within the social network. The crowdsale began March 23 and will end on April 22. "The $1.2 million will be what allows us to create a fully distributed application that's up to the standards of....
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Cryptocurrencies can be used for a lot more than just sending and receiving funds. They can also be used directly for decentralized fundraising, either by maintaining continued support via websites like SatoshiVote, or achieving milestones on platforms like Koinify. Initial coin offerings, or "ICOs", occur when the developers create an altcoin and keep some of the starting batch, then sell them to raise funds. The coins could theoretically represent equity in a company, but for regulatory reasons, they typically do not. Instead, they are tokens required to use an associated decentralized....
Synereo, a new social platform with ambitions to “decentralize the web,” has launched its second crowdsale, raising almost $2 million USD in the first six hours. $2 Million Raised and Counting. The Tel-Aviv-based startup aims to be more than just a decentralized version of Facebook. Synereo said its platform allows anyone to develop, run and build their....
The holding company currently in charge of Mt. Gox following its eventful spiral downward is reportedly looking to sell off company assets in a last-ditch effort to raise cash, the Wall Street Journal reports. Said assets are said to be of no use to the holding company at this point. They include trademarks for 'bitcoin' in the European Union and Japan along with the bitcoin.com domain name (which is currently being used by Blockchain.info). At minimum, they are hoping to raise ¥100 million - about $1 million USD for the intellectual property. What's interesting in this particular case is....
Dr. Isaac Yonemoto who is the founder of Indysci.org has started a project called "Project Marilyn" that is a scientific initiative to study the cancer fighting compound called 9DS. He thinks that it might become the crucial weapon to fight skin, kidney and breast cancer. Yonemoto wants to share all his findings with the world as open-source and without patents, just like Bitcoin that operates with an open-source protocol. He even wants to crowdfund the project itself using Bitcoins. To fund Project Marilyn Yonemoto and his team seek to raise at least 75,000 USD from 1,000 people. Their....
“With current social networks, you are not the client. You are the product being sold.” Synereo opened their official announcement with the above messaging, a bold statement about the current state of social media. Built to be decentralized, Synereo wants to change social networking for the better, rewarding their user base along the way. Synereo approaches ads on social media quite differently than others currently in the market. Instead of adhering to the traditional model of unsolicited advertisements, Synereo believes user attention is worth paying for.