This is a strange coin. The Dev seems to be present and is doing something, but the price is in the toilet (deep there it seems
).
Apparently it misses direction - some purpose or idea which could attract real community, not only miners looking to dump.
Handing out free money, with no strings attached puts a lot of pressure on the market.
If anyone has any ideas bring them to light. I have a few, but it would require some community effort, iv mentioned a few in the past. but no one really gave feedback.
There is a lot that can be done with the funds that are piling up (Which I have not touched), There is 4m+ and counting in the trust accumulating more daily. All ideas are welcome.
After some thinking, I think this is what I would suggest.
Prerequisites: you have some funds constantly accumulating, which you want to spend by giving them back to community who is willing participate in some activities...
First of all, you could try to make the coin interesting to participants. The initial idea behind the coin is pretty good, and some people liked it. But it should be with a twist, so folks get some pleasure/fun from doing that. It could have some gambling flavour in, like some deposits get nothing, others get x100 profit, maybe based on TXID or time (microseconds) the investment is done, or just random. Kind of a casino with 60%/40% profit ratio, with profit publicly sent to a "burn" address (another selling point for coin)...
After that works, you could spend the coins by doing some campaigns aimed at spreading the word, so more people participate. Be it twitter campaign, facebook or signature, or just referral (with registration on sites and giving referral links). After you got enough people on the site, you could have a faucet with bigger payouts, but which needs to solve a puzzle and, most importantly - shows some ads, so you could earn something too...
A lot of work, I know
. And you never know if this will work out. That's why I don't do that, and don't run cryptocurrency. But you did already, so... why not?
