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I would personally like to thank all of you for your support in this project, we wouldn't have been able to start without you. In the coming days, the SMAC Team will keep you updated on dates of importance, progress, and more. I truly believe (as do MANY others) that Social-Media Marketing will become companies' go-to choice for quick, directed marketing. I'm glad to be on this journey with all of you, let's dive into this lucrative industry.
Michael Evancoe, Co-Founder. Please contact me with any questions regarding Social-Media Marketing, I'll be happy to help!
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To address concerns floating around, the ANN has been updated with example of a 200k follower account that has been monetized.
I wasn't able to get an answer from you in #coinmarkets so I'm just going to post it here. Simple question. How much does it cost to acquire that account specifically?Because if you can't answer that, the ROI can't be calculated and in the end that proof of revenue doesn't mean anything. What if it cost $100,000 to acquire the account? It would take over 50 months to ROI at $66 dollars a day, assuming the profile doesn't devaluate. This is just an example of course, thats why I'm really interested in your answer for that question. $4-$5k Ok, that doesn't make sense. You said that an account with 1.2M followers should be worth around $300,000 in your own whitepaper. So, assuming your own point of view, an account with 250k followers should be worth around $62,500 $62,500 is over 250 BTC at the time of writing. More than twice what you set for the maximum in your ICO. (So it wouldn't be possible to acquire that account) Also, with a revenue of $66 per day , assuming it doesn't devaluate (which requires a lot of work), it would take over 31 months to make an ROI. On another hand, if you COULD acquire that account with the money from the ICO for cheap like you say, $5k (20 BTC give or take), then why would that person sell that account to you if he/she can make $5,000 in just 2.5 months by itself? After all its already monetized. Could you explain that? So here's where things get tricky. As you go higher up the follower list, accounts' prices grow exponentially. In the case of @tweetlikeagiri (1.2m followers), it is a brand as much as a twitter account so it's price is very high (~$300k). Now on the other hand, a 200k follower account that isn't also a brand might be only worth $2k. Most social media accounts are very underpriced. Why would someone sell? Most publishers (and the general public) don't realize the value of their accounts, simple as that. Hopefully this helps answer your question, lmk if you need more clarification  |
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Basically this is another ReddCoin?  While ReddCoin is focused on being a "social" coin, SMAC is specifically made for payments in the social media advertising world which are currently made through PayPal. PayPal, while being a convenient service, has too many ways for people to scam others. By nature, a crypto currency is much better suited to provide secure and safe payments. |
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lol
"SMAC Media will immediately use 80% (or more) of the crowdfunding to purchase large social media accounts. "
What type of 'large social media accounts' will you be buying and how are you going actually make a profit off of them? The thing about those social media accounts, if the ads produce revenue, they are not going to sell them.
"At the end of every month SMAC Media will use 15% of revenue to buy-back SMAC on the most liquid exchange."
What is 15% of zero?
This is a non-starter. If any of you knew how to make a profit like this, you wouldn't need our money to buy the accounts, you would just do it silently yourselves and keep all the profit.
Accounts bought using crowdfund will be similar to @UberFacts, TweetLikeaGirl, etc. These accounts are not cheap, oftentimes $3k+ per 100k followers. Accounts such as TweetLikeaGirl are worth $250k+. An account as big as UberFacts is worth over $1mm. After account/s purchase, SMAC Media will both grow these initial accounts in addition to promoting new accounts. |
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Essential component seems to be crowdfunding social media botspam which is a) at best irritating to everyone except the people making money off it b) rapidly becoming a shrinking pie towards obsolescence
Pass.
Thankyou for pointing out these errors, the Whitepaper will be updated accordingly. Contrary to your belief, social media marketing is only increasing in size. Companies worldwide are dedicating more of their marketing budgets every year to social media. As the social media user base continues to grow, so does social media marketing. To clarify, our crowdfund will not be used for "social media botspam." It will be used to purchase accounts similar to @UberFacts @TweetLikeaGirl @MeninistTweet etc. These accounts and others post content their followers are interested in, and occasionally post relevant ads to generate income. |
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