Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SMAC - Social Media Advertising, Market Live on Bittrex!
by
Clminer
on 21/04/2015, 13:39:29 UTC

This I, surprisingly, agree with. And something to think about, maybe by alternating eating sell walls one month then setting buy walls the next might be good and cause good organic growth. 

I should have looked at this (buyback) a bit more closely.  I assumed the team had purchased from the sell walls at the last buy back.  Frankly I'm astounded they didn't and this needs to be fixed ASAP.

Setting buy walls using the buyback money is pointless.  The whole basis of the coin and the reason a lot of us bought in was the idea that sell walls would be purchased as a means of raising confidence in the price and creating upward momentum.  Simply creating orders at prices below the current sell orders is just retarded (and actually making it below the ICO price is an insult to those of us who invested in it).  It only serves to push the price down and implies that the SMAC team don't have confidence in their own coin.

These things can easily be corrected and I would appreciate some clarity from the team on the matter.  I would also like the team to look at adding people with real experience in advertising as new members - given that this a coin based on an advertising model it is kind of ironic that so few people know about it.  This needs to be remedied sooner rather than later.

Furthermore I think a real name (yes I will continue to bang on about this) and a half decent logo would go a long way towards creating the right kind of impression.  The current name/logo look like they were created by a child and despite being beloved of the "Yes" men on this thread do nothing to advance SMAC in the "adult" world. 

Until real people start buying into SMAC it will continue to be dormant and unfortunately the lack of volume will kill it before it gets anywhere.

Thanks Soul_eater_123, i agree with you on that, even if i have said different about the name! thinks really need to chance, like right now! some things doesnt make sense!