Synereo raises $4.7M to meet its 'blockchain promise'

October 26th, Tel-Aviv

Thanks to your incredible support, we've met our funding goal and raised more than 4.7 million USD for the development of a decentralized Internet and the initial dApp ecosystem populating it.

Our work has, of course, just begun. The task the Synereo community has taken upon itself is an ambitious one, to say the least. Revamping the Internet, Blockchains and pushing forward with decentralized computing is not an enterprise one can take on lightly, and we're determined to give whatever it takes to deliver upon our shared vision of a truly free Web and a decentralized economy powered by it.

Our development team is already hard at work, as it has been for a long while. Now, thanks to your trust, determination and willingness to walk this path with us, we finally have the resources to expand our R&D efforts to the degree necessary to meet the tight schedule of our development plan , and prepare for the release of Synereo's powered tech-stack 2.0 next year.

[Scroll down for info about the next steps relating to the sale]

It Takes a Whole (global) Village

We said it before, and probably will do so over and over again - our mission is a shared effort, involving decentralization enthusiasts, developers and entrepreneurs from around the globe. The future decentralized Internet belongs to all of us, and if we want to see this become a reality, we'll all have to pull together as a team.

Going forward, Synereo will invest considerable efforts and resources in order to share our knowledge, and make our technology accessible and easy to understand, while cooperating with our friends and partners in the industry to improve Blockchain technology in general.

You are more than invited to partner up with the growing Synereo community, and join this exciting endeavor. We already have piloted a grant project to support and invest in teams, developing dApps on top of Synereo, some of which will be included in the acclaimed Silicon Valley-based NFX Guild accelerator program , while others will receive various forms of means, guidance and support.

You can expect these programs to expand and grow as our platform matures, including and nourishing more and more teams as we approach our development goals. We are investing a considerable amount of time and assets in this communal effort, and regard it as an essential part of our development plan. Each new dApp on the Synereo ecosystem means more functionality and more users in the decentralized economy, creating value for all participants, bringing our vision closer to reality.

On top of this, we invite anyone willing to do so to feel at home at , audit our achievements and improve on them as they see fit. We'll be happy to assist you and answer all your questions. Just join , and subscribe to the #tech-_-dev, #synereo2-0 and #rho-lang channels to get the info and support you're looking for.

We're Hiring!

Funds raised during this campaign will be used to significantly scale up Synereo's operations, expand our team, refine the developer tools needed to build on our platform, and optimize the development effort of Synereo's 2.0 tech stack.

If you have the relevant experience, and are familiar with Scala, Blockchain technology, smart-contracting languages and decentralized computation in general, and are eager to work with a highly motivated and determined team, we invite you to visit our Job-Offering Page , and apply to one of the open positions.

You'll have the opportunity to work on one of the most comprehensive projects in the space, encompassing everything from Blockchain scalability and next gen. smart contracting languages, to distributed storage protocols. Our dev. team is lead by CTO Greg Leithaus Meredith; Greg was the principal architect of Microsoft's BizTalk's Process Orchestration, sparking several industry standards including WSDL, and holds many patents and has published many papers, including seminal papers on reflective higher-order calculi.

If you, like us, believe that the future of the Internet lies in the development of fast and efficient decentralized infrastructures, and are passionately looking forward to the economic, social and cultural impact such a new Web entails, your place is definitely with us.

As we go forward, and with the proportion of overhead decreasing as we scale up the operation, we intend to continue investing the vast majority of our resources in creating the technology and applications underlying and serving the decentralized economy. The next evolution of our architecture will allow Synereo-powered dApps to match high-end industry requirements and be competitive with centralized computing platforms. With , the dream of the decentralization movement to challenge the role of centralized server farms can become a reality - and you, the Synereo community, are making this possible.

When Do I Get My AMPs?

Soon! There are a few final steps to complete before we can send them:

Wait for the last few straggling wire transfer to BTTF, committed before the end of the sale;

Receive the full log of transactions from YUNBI;

Receive the full and final log of transactions from BTTF;

Combine the logs from all three sale venues to calculate the right amount of AMPs to be sent to each venue and participant depending on their purchase amount, purchase time, and bonuses.

Once and only once we have all of this information and are ready to send the AMPs to all of our supporters at the same time, we will do so and announce it through our newsletter.

Thank you for your incredible support,

- The Synereo Team

Synereo raises $4.7M to meet its 'blockchain promise' - Page 5