[ANN] 1337 [MANDATORY UPDATE] 41.78% APR| POS ONLY

Quote from: Velvet78 on June 01, 2016, 01:35:25 PM

Im currently in negotiations with a crypto marketing and promotions service. they have an impressive portfolio and i think they will do a good job at getting the good word of 1337 out there. im dedicated to make this project work but cant focus on all aspects at the same time. ive got people helping me with all kinds of stuff but some things just take time. webshop is being worked on, more games are being bought, webgames are also being tested, lots of things are going on with this coin... still, it looks like we have some problems cause the price is tanking hard...

if the total supply is the problem we can try to fix that too. i personally own 10% of the supply, 20% is owned by a very good friend and part of the team who has been supporting the coin from the start... and at least an additional 10-15% procent is owned by stakers that i know or friends of friends. what im trying to say is that almost half of the current supply is off market and in hands of people that wont dump their holdings to destruct the market... IMHO the supply should NOT be a problem.

also, 1337 is not some corporate coin thats backed by huge funding or anything. everything has its price... from new wallet release, to new graphics, logo's, games, translations, giveaways, blockexplorer etc etc... on top of that there will be a 0.1 btc fee every week now for advertising and promoting. i shouldnt have to worry how to pay for these things when im holding 230M 1337 for development costs of the project....right?

so what else could be the problem? the fact that 1337 is only listed on 3 small exchanges maybe? well that can be fixed too right? but its going to take some team work to accomplish that. i dont think bittrex will list 1337 for free, it costs 3 BTC to get added plus i need to get a Proof of dev certificate. with 1337 at 1 sat that would need more 1337 than i own currently but with 1337 at 10 sats it would cost me 30M coins 'only' . Im willing to sell that amount of coins at that price to get it added on Bittrex. it would be similar to a crowdfunding campaign and a healthy incentive to buy the coins, even for just the traders on the exchanges who are chasing the latest pumps and dumps. i could put 15M for sale on yobit and c-cex at 10 sats, once they would have been sold i would pay bittrex their fee? im just trying to brainstorm with you guys, trying to find out if im doing something wrong and/or if measures need to be taken to save the project. i'll have a talk with bittrex to see what the options are and will post updates when available.

Marketing is a big thing getting more people interested in the coin which will improve the volume so atleast on the lower exchanges we will be one of the top volume daily. I think once we get more consistent volume people will come and then we can push for another exchange.

	Author	Topic: [ANN] 1337 [MANDATORY UPDATE] 41.78% APR\| POS ONLY (Read 259471 times)
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