A Detailed Update Regarding ProCoin, Current Issues, And Its FutureRight now, ProCoin is just over a week old. It had a good start despite some technical issues, but activity has dropped a lot.
Here's the bottom line: I'm prepared to do pretty much whatever it takes to make this coin a significant long term success. Now, you don't necessarily need to believe me, but I am putting in (and will continue to put in) a significant time and money investment into marketing and technical developments of the coin, and during 2014 it really is my intention for this coin to become much, MUCH, more high profile.
Getting over this initial slump is the first goal as this coin needs to be mined and invested in to survive, and thrive.
One big issue I feel right now is exchanges. A lot of miners aren't interested in mining for the long term, but for quick profits. Right now this isn't possible with ProCoin since it's only on one exchange and volume is very low. As a priority, this coin needs to get onto a high volume exchange like Cryptsy. I'll send in an email today to see if I can get ProCoin onto the voting board, but then I really will need your help with votes.
Version 1.1 of the coin is being sent to me later today and once that's all confirmed it will be placed online - new wallets and source. This update won't affect the blockchain and you don't necessarily have to update wallets but it's recommended.
I haven't had many people contacting me to help with marketing tasks so I'll be looking after and running all that myself from now on, but I will also contact some marketers I know. Ongoing marketing of this coin will include:
- A press release will go out in the next week or two via PR Newswire
- Guest posts on crypto and other blogs will start appearing
- I'm going to start advertising on other forums/sites
- The site blog will start to be updated much more regularly
- The Twitter, Facebook, and Reddit accounts will be updated regularly
- I'll also be doing other marketing tasks to help this coin stay visible in the market
And at the simplest level, once this coin does get on a decent exchange, get some trading volume, and gain in value a little, the pre-mine can then be used for spending on outsourcing marketing tasks and at that point a LOT more will happen for the coin, very quickly.
I work with a dev team for this coin, but I'm just one person and can only do so much as regards marketing. The value of the pre-mine directly determines how much marketing work I can outsource, which has a direct effect on marketing results and visibility of the coin.
So the absolute highest priority for the coin right now is: get listed on Cryptsy
This will benefit everyone who currently holds ProCoin, who mines Procoin, and pools.
If you agree this is a good course of action, I'll really need your help with votes.
Let me know what you think about:
- Your ideas on how to spread this coin further - get more people mining and also potentially investing for the long term
- If you're happy (or not) to help this coin get listed on Cryptsy. If you're not that's fine, but I'm just trying to work out the level of interest in this
- Your ideas for how the coin can be developed upon moving forwards. Interesting features that other coins have that can potentially be implemented into ProCoin.
- And any other ideas you may have for helping this coin stand out in the market and thrive long term
Thanks very much for all your support so far, this really is just the beginning.