With all the beauty that is happening I expected the price of Dope to go up instead of down. Although that gives the real supporters time to buy extra dope at a nice price, it makes me wonder why the price isn't going up. Any ideas?
It will get there, don't worry. Just increase your position as you can. This is just the start and sort of a gift and a homage to us in the crypto sector to show the love back to the community.
I know the guys at DOPE. For one thing, Adam (smx ceo) and David (dopecoin ceo) are heavy hitters in the online marketing sphere outside of crypto. The marketing hasn't started yet (due this week) and that will just be a preliminary stage. Remember this is first round of funding, so what will begin shortly is just out of pocket funding, after the Pre-ICO there will be additional funding for the main marketing campaign of the actual ICO.
Also you have to realize the scope of this project is to interface with a large industry outside of crypto. It is hard to gain adoption with any industry outside crypto as they don't understand it yet and generally businesses want to just go with what is known to work and are resistant and wary of new paradigms.
It can take years to gain adoption, however the MJ industry is blacklisted, for now, from financial services, this forces them to use cash which is bulky, inconvenient, and poses extra cost for security, insurance, and risk to employees safety. So you see this is a very unique situation where adoption can go extremely smoothly. Like filling a vacuum.
SMX is a genuis, really. It provides a strong use case for itself and also for Dopecoin, effectively getting its foot in the door of entire industry while simultaneously, and unwittingly converts them into crypto users overnight. Once they are participants in this and have the "ah ha!" moment and realize crypto really is a currency (a great one) they will begin to use it in other aspects of their business for payments and transactions.
Eventually marketing and active sales efforts will take place in the mainstream outside of our little realm we call crypto. This thing is going to have a long way to run. Don't sell yourself short.
If you really think about it. How many cryptos right now have realworld use outside of speculation and enthusiast usage? Bitcoin, yes. how many more? you can count that on a hand, but dopecoin is already one of those (see the links at the top of the dopecoin ANN) The fact that very few realize this yet is both astounding and a blessing to us who can enter now. Once one ponders this they can start to understand the massive implications.
Probably more than you are asking for but I wanted to write it so others can understand what this is here. If you are just and ICO flipper I think you can do well with this one based on what I know about the core members advertising ability and the fact they have established good credibility for meeting their stated goals. However I believe the longer term investors stand more to gain. Regards!
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