Synereo's Second Fundraising Campaign Raises Over $1.8m Just 8 Hours In

Synereo, a Tel-Aviv based Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term startup developing a decentralized, open-source social network, today started the second round of its multi-phased fundraising strategy, which was announced prior to the company's first sale in 2015. It was launched just 48 hours after Synereo announced the destruction of half of its AMP (its native cryptocurrency) holdings, worth an estimated $146 million dollars.

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For the next 30 days, Synereo will offer AMPs at a fixed price, with purchasing bonuses of up to 15% on acquisition price. During the campaign, the offering price will increase in three tiers, and include a bonus phase during the first 24 hours, during which additional benefits will be offered.

The firm explains that the funds raised during this campaign will be used to significantly scale up Synereo’s operations, expand the company’s team, optimize the development effort of Synereo’s 2.0 tech stack - the company’s decentralized computation platform, able to run decentralized applications without central servers - and refine the developer tools needed to build dapps on top of it.

Along with its fundraising efforts, Synereo releases the alpha version of its social network, which according to the company’s development plan will maintain under continuous development until Q4/2017, when the beta version will be deployed on Synereo’s RChain-based, next-gen tech-stack.

The funding is taking place at BnkToTheFuture, Synereo’s own campaign page, and on YUNBI which is Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term Synereo’s AMP sale for the Chinese speaking investors. According to the campaign page, Synereo has already raised over $1.8 million as of the time of publication - about eight hours in.