Post
Topic
Board Announcements (Altcoins)
Re: [ANN] <808% apr> Drop the Bass!! 17%+ eligible after 8.08+ days
by
bluetiger679
on 05/11/2017, 19:36:56 UTC
I agree with the notion that we need to increase marketing.  However there is still an underlying problem alluded to in some earlier posts.  If the only purpose of this coin is staking, then it is not sustainable.  The only way to keep the value up (esp in light of the increasing supply) is to bring in new investors.  Those investors will only be able to realize their profit (i.e. sell their coins) by selling to new investors coming in.  When you run out of investors, and you will, there will be lots of sellers but no more buyers and the price crashes.  (Note: That doesn't mean 808 is dead, it could sit at a low level for some time until a fresh group of people come in and want to invest/stake.)

Marketing alone isn't the answer.  If you really want this coin to be successful over the long term, there needs to be uses for it other than staking. 

I agree 100 %. As I mentioned before the person who is in charge about the webse can contact me because I am willing to improve it. But someone has to care about a whitepaper/roadmap/blockexplorer/onlinewallet. Otherwise stacking will not be enough to get new investors.

I am willing to help improve 808, work on the website and improve the marketing and the messaging. I am doing this already for a small $100K market cap coin.

But before we go out market this like crazy we need to create a vision for the coin. What does this coin want to be when it grows up?  What are the use cases? The best use case seems to me to be raising money for the music industry or music education, e.g. helping fund education for music teachers. http://www.wqxr.org/story/173373-five-charities-devoted-music-education/ How does the community feel about using this coin for charitable donations? My two nieces play the piano and this has been a life changing investment and I am sure others may be supportive of this idea. Are there are any business owners on this forum that would consider accepting 808 for their goods and service? How does the community feel about using this coin for charity donations in general? 

We need some tie to the real world, staking alone is not a use case otherwise this coin begins to resemble a Ponzi scheme where early investors earn good returns and late investors are left holding the bag once the price collapses due to excessive supply like what happened with Embercoin and InflationCoin that are both now in death spirals. 

Sounds like great ideas. Maybe a music streaming platform that pays artist in 808coin every time they post music or something?