Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SEED] SeedCoin | Buy/Mine SEED & Grow Coinbase | Mining Period Started
by
cryptzo
on 05/10/2014, 18:14:22 UTC

 ppl wont sell it low b4 the day 7 but there is an important question:what on earth do we have after that or there will be a massive dump at the day 8.

Expect the massive dump. It's just going to happen. The goal is to get as many coins as possible into the hands of long term holders of the coin. With the small number of coins from the ICO I've had to cut back plans a lot, and we will need community support in order to do anything major. I'm committed to the development though, and my goals are to make seed lightweight and easy to use. I want to lay down infrastructure of web applications and games using SEED and I'm going to look for ways to raise BTC for a coin support fund. We didn't reach our target for the market floor I was hoping for, but I still love the idea of having a base market floor that cannot be breached, so I will be looking for opportunities to raise the funds to build and grow that floor from scratch.

At its heart, everything about SEED is about growth, and once we enter the stable maturity period the focus will be on growing our community and making the coin as easy to use as possible for everyone. If we can build BTC to back every coin with, all the better, but given the decline of the value of BTC I'll be looking for other commodities to lock in the minimum value as well. It must be understood however, that to bring hard value to SEED means that value must be earned for the purpose of supporting SEED as a whole, and that's not something I can do alone. My ultimate goal for SEED is to make it a real world financial instrument that's backed with hard value.