BREAKING NEWS! Synereo AMPs burnt to the tune of

in #synereo8 years ago

This just came across my desk an hour ago and this is BIG news for the value of Synereo AMPs ahead of their coin offering on the 19th. Synereo AMP has reduced the amount of Synereo AMP to the tune of around $140,000,000.00 worth of total Synereo AMPs. Already the currency has spiked from 28000 satoshi to over 33000 satoshi. I already even picked up more at 33 after my pre-sells have been met. Here is the official announcement from Dor Komforty, Synereo's founder:

 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.
 

Here’s what’s burning:   

Founder Reward Wallet: 100,000,000 out of 200,000,000

Future Funding Wallet: 396,901,858 out of remaining 793,803,716 AMPs*

User Reward Wallet: 100,000,000 out of 200,000,000 AMPs

Content creator Wallet:75,000,000 out of 150,000,000 AMPs

Bounty Wallet:55,000,000 out of remaining 220000000 AMPs**

Intermediary Bounty Wallet: Intermediary Bounty Wallet: 4207079.25 AMPs***


Total Burnt: 731,108,937 AMPs 

 With this move, an aggregated amount of 731,108,937 AMPs has been perpetually taken out of circulation.
 

All AMPs remaining under Synereo’s control will solely be used to foster  the development of an ecosystem of decentralized applications, to  expand the user base of the Synereo network, and to proliferate the  dApps built in the ecosystem.
 

This project will not help anyone if Synereo maintains an entrenched,  centralized position. That is why we want to distribute AMPs as soon as  we can, to begin establishing a truly decentralized economy.
 

We appreciate your attention,
-- The Synereo Team 

The social media wars have begun, folks. And I am still posting 100% in Steem Power payments and stacking Synereo as well!

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Wow, just seeing this as I was offline on a Vegas vacation, where my 'investments" were certainly not increasing in value!

Burning half their AMPS is a pretty selfless act to help decentralize themselves. Not many would do that. It makes me want to invest in synereo long-term for that reason alone.

As soon as the email was sent out the price shot up.

Here is a link to their release http://eepurl.com/cga_6D

Yup, I noticed my AMP value rocket up. Then I saw a post about the burn. I am definitely not selling mine now.

The article is dated 16 sept http://blog.synereo.com/ is this old news or breaking news?

Just got the email at 930pm EST

Thank you for the information @tee-em

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