Synereo Partners With Splicious: Crowdsale Update

The team at Synereo is building a network owned by users and controlled by no one. Users connect directly to one another, via secure cryptographic channels that prevent governments, spooks, and marketing agencies from eavesdropping without your consent. Should you choose to allow sponsored content in your stream, the distributor of the content pays you directly for taking up your attention – using AMPs, Synereo’s information flow currency.

“Once Synereo is adopted widely enough, decentralized applications can use Synereo’s platform and user base to replace services such as Uber, Instagram, SnapChat, WhatsApp, Spotify, etc. None of these services needs a central entity to function properly – and with Synereo’s adoption, deploying such decentralized services will become not only possible, but actually quite a lot easier than centralized ones.”
— – Anderson Mccutcheon, Synereo President and Co-Founder

Splicious is a distributed social communications platform that provides three core benefits, a simple approach to distributed identity, a simple approach to searching messages and post level content – both in real time and throughout the history of your communications, and integration with popular cryptocurrencies – like Bitcoin.

“Synereo had similar ambitions to Splicious, but we started from the top: the model governing how information flows through the network, based on the economy of attention,” said Dor Konforty, CEO of Synereo. “I scoured the net for the tech stack/architecture that would best suit this vision, and found the perfect match in Splicious and their unique approach to creating a peer to peer network.”

Splicious has been in development for some time. The platforms technology stack piqued the interest of investors, earning the company roughly $3.2 million dollars. Though they have been utilized in other projects before, being acquired as the backbone of Synereo and forming this new team is a major milestone.

“[Synereo] had greatly elaborated the Splicious economic model, re-envisioning it as the attention economy model, driven by your attention and the AMP cryptocurrency token.”
— – Greg Meredith, Founder of Splicious

Synereo is currently holding a crowdsale for AMPs, their attention-driven cryptocurrency. Splicious completed a similar funding round last year. Meredith received AMPs after the merger – which he will distribute to Splicious contributors, “you were kind and generous enough to donate to the Splicious crowdfunding campaign,” announced Meredith on the former Splicious homepage. “…As a token of our appreciation of your support we are granting you AMPs.”

Following the merger news, Synereo has changed the terms of the current crowdsale, to favor those who chose to adopt early. Rather than every USD being equal to 154 AMPs, at a fixed rate, the sale has now adopted a decreasing slope mechanism. Those who invested earliest will receive 183 AMPs per dollar spent, while those at the tail end of the sale will receive 123 AMPs per dollar spent. “It wasn’t an easy decision, but we have resolved to make a change to the rules of the crowdsale,” explained Konforty in a recent update on Synereo’s website. “Hopefully, this will provide those who are waiting on the sidelines the extra little bit of motivation required for them to pull the trigger and join our community of contributors.”

“Another change we are making is that all coins allocated for this crowdsale and not sold will be destroyed rather than returned to their wallet pool.”
— – Dor Konforty, CEO of Synereo

Invitations are currently open to Synereo’s slack channel and more information can also be found on their homepage and blog. Testers can participate in a bug bounty program, which rewards testers for reporting issues.