http://wiki.mastercoin.org/index.php/FAQDoes Mastercoin have to run on top of Bitcoin?
Well, currently it does, because that is the fastest approach to building Mastercoin. It may do so in the future.
However, in case there are some scalability or other concerns that make us not want to run on top of Bitcoin, we can switch it out for another decentralized layer e.g. a dedicated alt.
Reads like an alternate currency. Overall, it all reads like it is still work in progress.
Yep - is still a work in progress. It's not a currency. It is a bitcoin development project. That is why it WAS in the right place. Now it is buried in a bunch of spam crap - 'Free NewCoins!!!!'; 'Free thatCoins'; bullshit.
If your project is that interesting it would be on many people watch list.
Do you need exposure? Top position in a special thread?
Sorry , but this sounds just like what an altcoin issuer would want. Ironic.