What about a private sale of this kind of PMC? To avoid crashing the price on Poloniex... Or a timed sale on Poloniex to increase volume..
I like the group buy idea more than the competition, because
1.The competition will only run for 1 month, and I dont think the rise in price would be sustainable for the long run.
The big miners will be here only for price money and they will be dumping their PMCs as soon as the competition is over.
2. The group buy will be supported by people who actually care about PMC, which will be good for the coin in the long run.
I think we need the OP or someone with technical knowledge in the community to think about introducing POS into PMC as kbf mentioned earlier.
POS is the buzz word now and we should try to cash on it. It also conveys the message that the active PMC community is not reluctant to introduce new features and capabilities as required.
As a side effect, it increases security too.
First of all, I agree with you on POS. I think the need for SHA hashing without any reward is a real problem with this coin. It also makes it vulnerable to 51% attacks, since you will never get a huge hashrate without a reward system.
I don't completely agree with you on the competition. If the competition really runs for a month it will create a lot of activity on the PMC network. Many transactions, trades, etc. It will get a lot more people to notice PMC, and maybe become a supporter of PMC. I also don't think everyone will dump their coins, since the people who do not win a price will want some reward for their month of mining, and thus are better off cashing out slowly.