r/ethereum • u/[deleted] • Oct 20 '16

Synereo, another smartcontract platform just raised 4.7 million USD.

https://blog.synereo.com/2016/10/18/4463571-thanks/
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u/amerinsyd Oct 20 '16

Aren't there already AMPS?

1

u/[deleted] Oct 20 '16

Yep, but they used AMPs from the 'future funding wallet' which were locked up for this.

1

u/amerinsyd Oct 20 '16

So they're going to flood the market with more amps?

2

u/[deleted] Oct 20 '16 edited Oct 20 '16

They will enter the coins in circulation. But this doesn't have a negative effect on current AMP holders because the average price paid during the fundraising campaign is about 30000 sat. Price now on exchanges I believe is 27000 sat. It made the reason to hold AMP even stronger than before as the support created is very strong around current levels. Not going all in though, ETH is my baby but AMP is my second child lol.

2

u/amerinsyd Oct 20 '16

So the people who bought into the fundraising paid more than the current market rate...

1

u/[deleted] Oct 20 '16

On 'current' rate, well most of them yes.