Synereo Market Capitalization Achieves $35.44 Million (AMP)

Synereo (CURRENCY:AMP) traded 9.6% lower against the U.S. dollar during the 1 day period ending at 16:00 PM Eastern on March 12th. During the last seven days, Synereo has traded 11.4% lower against the U.S. dollar. Synereo has a total market cap of $35.44 million and approximately $710,808.00 worth of Synereo was traded on exchanges in the last 24 hours. One Synereo token can now be bought for about $0.35 or 0.00003948 BTC on exchanges including HitBTC, Cryptopia, Bittrex and Poloniex.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Ripple (XRP) traded down 5.5% against the dollar and now trades at $0.79 or 0.00008854 BTC.
  • NEO (NEO) traded 7.5% lower against the dollar and now trades at $84.59 or 0.00949435 BTC.
  • Stellar (XLM) traded down 5% against the dollar and now trades at $0.29 or 0.00003239 BTC.
  • IOTA (MIOTA) traded 9.1% lower against the dollar and now trades at $1.28 or 0.00014410 BTC.
  • TRON (TRX) traded down 9.7% against the dollar and now trades at $0.0349 or 0.00000392 BTC.
  • Tether (USDT) traded up 0% against the dollar and now trades at $1.00 or 0.00011266 BTC.
  • VeChain (VEN) traded 0.9% higher against the dollar and now trades at $3.88 or 0.00043600 BTC.
  • OmiseGO (OMG) traded 8.3% lower against the dollar and now trades at $13.53 or 0.00151885 BTC.
  • ICON (ICX) traded 7.5% lower against the dollar and now trades at $2.57 or 0.00028793 BTC.
  • Binance Coin (BNB) traded down 6.9% against the dollar and now trades at $7.77 or 0.00087191 BTC.

Synereo Token Profile

AMP uses the hashing algorithm. It launched on March 19th, 2016. Synereo’s total supply is 622,410,799 tokens and its circulating supply is 100,728,564 tokens. The official website for Synereo is Synereo’s official Twitter account is @Synereo and its Facebook page is accessible here. The Reddit community for Synereo is /r/synereo and the currency’s Github account can be viewed here.

According to CryptoCompare, “AMPs, Synereo’s content flow currency, serve as a way to Amplify the flow of information in the network. AMPing content increases its ability to propagate to peers and the chances of it being seen by more users. This gives them an inherent market value, as any business or individual wishing to bring information to your attention non-organically has to pay you with AMPs for it. Value The AMP is unlike any other cryptocurrency, as it is backed by a commodity for which there is always demand and that can be purchased only with AMPs – the attention of its users. Read more about Synereo’s crypto-token, the AMP, and why it has an inherent use and value on the Synereo network.  Value Appreciation As users join the network, AMPs become more effective in acquiring attention. A similar amount of AMPs on the more mature and larger network will allow a piece of content to reach the attention of more users on it, increasing the value of each AMP. As well, a larger user base generates more interaction and content in circulation, increasing the total amount of attention  allocated to, and available on, Synereo. As Synereo functions as a platform for new applications and markets, AMPs may eventually become a de-facto currency. Extensibility Synereo enables a new wave of distributed applications that piggyback on the social platform and its user base.  Music streaming, content distribution, distributed marketplaces, collaborative platforms, and many other applications  can all take advantage of Synereo’s fully decentralized and distributed technology and deploy systems that truly benefit both  businesses and end users while removing the need for any middleman. Synereo is open-source and very modular, designed for rich extensibility. AMPs can power the delivery of any content across this distributed cloud and the apps running on top of it.   “

Buying and Selling Synereo

Synereo can be purchased on the following cryptocurrency exchanges: Bittrex, Poloniex, Cryptopia and HitBTC. It is not possible to buy Synereo directly using US dollars. Investors seeking to trade Synereo must first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Synereo using one of the aforementioned exchanges.

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