Synereo (CURRENCY:AMP) traded down 9.4% against the US dollar during the 1-day period ending at 17:00 PM Eastern on December 5th. One Synereo token can now be bought for approximately $0.0170 or 0.00000438 BTC on major exchanges including Upbit, HitBTC, Poloniex and Cryptopia. Synereo has a market cap of $1.71 million and $17,302.00 worth of Synereo was traded on exchanges in the last 24 hours. In the last week, Synereo has traded down 3.8% against the US dollar.
Here is how other cryptocurrencies have performed in the last 24 hours:
- XRP (XRP) traded down 3.6% against the dollar and now trades at $0.34 or 0.00009017 BTC.
- Stellar (XLM) traded down 7.6% against the dollar and now trades at $0.14 or 0.00003627 BTC.
- Tether (USDT) traded down 0.6% against the dollar and now trades at $0.99 or 0.00026388 BTC.
- Bitcoin SV (BSV) traded down 3.7% against the dollar and now trades at $86.97 or 0.02309075 BTC.
- TRON (TRX) traded down 2% against the dollar and now trades at $0.0141 or 0.00000374 BTC.
- Binance Coin (BNB) traded 3.8% higher against the dollar and now trades at $6.11 or 0.00162190 BTC.
- NEO (NEO) traded 7.2% lower against the dollar and now trades at $7.03 or 0.00186767 BTC.
- IOStoken (IOST) traded 0.3% lower against the dollar and now trades at $0.0396 or 0.00000526 BTC.
- Maker (MKR) traded 11.1% lower against the dollar and now trades at $373.18 or 0.09908544 BTC.
- VeChain (VET) traded 3.7% lower against the dollar and now trades at $0.0045 or 0.00000119 BTC.
Synereo Token Profile
According to CryptoCompare, “Synereo AMPs: A Voice Amplifier AMPs, Synereo’s tokens, serve as a way to Amplify the flow of information in the network, increasing its ability to propagate to peers. They work in two ways: A user may Amplify his own posts: status messages, pictures, created events, etc. Depending on the amount of AMPs used, the post will gain greater visibility in the stream of his Synereo friends – and in adjacent, connected areas of the network through them. A user may also Amplify his friends’ posts in such a manner, helping to propagate the friends’ messages. Thus, a group of friends may band around a common interest and Amplify it together, making sure it is heard as it reaches more of their collective Synereo. The originator of Amplified content will receive a portion of the AMPs invested by his peers. Another small portion will be used for the maintenance of the platform; people donating their storage and bandwidth to the network. The majority of AMPs will go to those who are exposed to the content, compensating them for their time and attention.Advertisers may use AMPs to created sponsored messages, reaching target audiences based on their interests and activity on the network. NOTE: A user of the system may always opt-out of receiving messages from specific advertisers, about specific topics, or altogether. Most of the AMPs used to advertise to you will be paid to you directly. This is a way to gain from your participation in the network and from the value you generate for it. The more you participate, the more the network is familiar with you and your interests, and the more influence you have on the network, the more your attention is worth! Advertising on Synereo Facebook’s revenue for Q4 2014 was $3.85 Billion. This is the sum of money that was spent for Facebook content visibility alone, and does not account for resources invested in the creation of the content being advertized or the middlemen optimizing this process. This grand economy relies on us – the users of the social network – in its entirety, but we do not share in its gains. Advertisers on these networks are not happy campers, either. The advertising platforms, along with the service providers, are profiteering middlemen that take a major cut for supplying your attention to them. How is advertising on Synereo different? Synereo users are a real part of the advertising ecosystem rather than merely existing as pawns on someone else’s playing board. The advertisers’ funds do not remain in the hands of major corporations, but are delivered straight to potential customers around the globe as a form of compensation for their attention. Synereo enables a two-way relationship between advertisers and prospects. Advertisers can target specific communities, contributing AMPs to causes, organizations or projects – and the people that enable them. On the other hand, an advertising campaign initiated by a popular charity or cause can maintain minimal advertising spend while relying completely on “crowdsourced” AMPing by its supporters. Synereo’s information flow logic greatly benefits advertisers who have committed to content excellence, increasing the spread of content engaged with by users recognized for their curation abilities and positive influence on the network; their ability to contribute to the attention economy underlying Synereo. Similar to real-world viral campaigns, a well planned advertising effort would target influencers of the relevant topics and audiences to the campaign with excellent content that, if appreciated, will be distributed on Synereo organically rather than by “brute forcing” it with AMPs. The lesser the quality of the content you see, the more you will be compensated for it! “
Buying and Selling Synereo
Synereo can be traded on the following cryptocurrency exchanges: HitBTC, Upbit, Cryptopia, Bittrex and Poloniex. It is usually not currently possible to buy alternative cryptocurrencies such as Synereo directly using U.S. dollars. Investors seeking to acquire Synereo should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Synereo using one of the exchanges listed above.
Receive News & Updates for Synereo Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Synereo and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.