Synereo Launches Fundraising Campaign after Destroying Holdings worth $146m
The campaign means to compensate for 50% of Synereo’s AMP holdings that were recently destroyed following a strategic decision. Decentralised social network Synereo yesterday announced the launch of its second fundraising campaign, in which it plans to sell a limited amount of company’s equities and native cryptocurrency AMP to general public. The campaign means to compensate for 50% of Synereo’s AMP holdings that were recently destroyed following a strategic decision. The Tel Aviv-based blockchain startup said in a recent press statement that it does not aim to maintain an “entrenched,....
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Decentralized computing startup Synereo has revealed more details about its Technology Stack, as it also prepares for another fundraising campaign. Synereo said the Technology Stack, which is still a work in progress, is scheduled for full release in Q4 2017. The Tel Aviv-based project has been quietly simmering in the background for over two years. It claims to be the first such platform that will allow the kind of "industrial scale" decentralized computation and storage to run applications like its social network platform of the same name, which recently went live as an alpha.....
Synereo blockchain platform to expand its team following a successful fundraising campaign to raise $4.7 million. Israel-based blockchain company Synereo has received a boost in the form of $4.7 million funding. The successful crowdfunding campaign involving the sale of its equity and AMP crypto tokens was announced by the company earlier yesterday. Synereo is known for developing a decentralized tech stack including its own blockchain infrastructure called Rchain along with Special-K storage and content delivery layer and Rholang language for creating smart contracts on Rchain. Altogether....
Distributed app platform Synereo announced that it has destroyed 50% of its native currency, AMP, ahead of a crowdsale, worth roughly $146,221,787 USD on the market. Second Synereo Crowdsale Starting Soon. The move comes just before Synereo’s second round of fundraising in a three-stage crowdsale starting 19 September. The Israeli company originally intended to keep the 731,108,937 now-burned AMP tokens as part of its long-term budgeting strategy. In a statement, Synereo CEO Dor Konforty said it was due to the proof-of-stake mechanism that secures the network. Keeping such a large share in....
“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.
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....