Synereo Burns $146,221,787 USD in AMPs
This news just came in:
Dear Synereo supporter,
Up until an hour ago, Synereo LTD and its founders governed $300,000,000 worth of AMPs.
However, it was never our intention to be the central bank for our information flow currency.
Such centralization goes against the very principles Synereo stands for.
That is why we have decided to burn about half of all AMPs held in Synereo’s wallets, including the Founder and Future Funding wallets, effectively destroying over $140 million worth of the cryptocurrency based on recent market prices.
Hello to Slovenia.
Hello back :)
Is this the reason AMP price went up?
Did it go up? I posted this news early in the morning when I received the mail. Then I had to run and was offline until now.
I will check the exchanges later. But, yes, I suppose that burning AMPs can provoke a positive reaction on the market.