The first was to fund the coding of the application and they now have 8 developers, 6 working full-time. " Synereo is raising the funds which would allow us to reach our first milestone, which is to release a first social networking application on top of our existing technology. Unlike Ethereum, MaidSafe, Factom and the like, we are only selling a small portion of available AMPs instead of attempting to raise as much as possible. We have selected the numbers you see in the original post carefully, based on a business plan taking into account the timelines and expenses getting us to this first milestone."
The original amount of tokens created is fixed. The total is broken down into categories. One of those is "future crowdsales". 42.5% will be kept for future funding rounds. We aim to have two more, spaced 1-1.5 years apart, each providing the necessary funds for the next leg of the project.
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