Synereo, a Tel-Aviv based company which develops a decentralized tech stack, today launched its much-awaited fundraising campaign, which will run for 30 days until October 18.

The current campaign marks the second round of Synereo’s multi-phase fundraising strategy, which was announced prior to the company's first sale, in 2015. It has launched 48 hours after Synereo announced the destruction of half of its AMP holdings ((network’s native currency), worth ~$146 million dollar, perpetually taking 731,108,937 AMPs out of circulation.

The campaign kicked off today, September 20, at 03:00 AM GMT and allows participation through three channels:

• BnkToTheFuture.com: Where qualifying inverstors can purchase shares of Synereo LTD and AMPs can be bought with bank transfers, credit cards, Bitcoin, and altcoins.
   
• Synereo’s campaign page: Where AMPs can be bought directly with Bitcoin.
   
• YUNBI: Hosting Synereo’s AMP sale for the Chinese community. 

According to the campaign website, Synereo has already raised close to $2 million.

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

The company intends to use the funds raised during this campaign to significantly scale up its operations, expand its team, optimize the development effort of Synereo’s 2.0 tech stack, and refine the developer tools needed to build dApps on top of it.

Earlier this month, Synereo unveiled the underlying Technology Stack, which enables its Social Network to function without centralized servers. It explained the core-element of its evolved Tech-Stack – RChain, Synereo’s Blockchain 2.0 prototype. RChain is capable of solving well-known problems of classical blockchains, troubling the entire industry for years, while enabling blockchain based systems to be much faster, infinitely scalable and cheaper to maintain.

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.