Continuous Marketing Funding Program
Things that need funding continuously:
1. newswires
2. graphics designers
3. video and animation producers
4. PR professionals/
5. marketing consultants
6. legal advisors
We need a funding solution.
Blueprint information
- Status:
- Not started
- Approver:
- None
- Priority:
- Undefined
- Drafter:
- Bohan Huang
- Direction:
- Needs approval
- Assignee:
- None
- Definition:
- Drafting
- Series goal:
- None
- Implementation:
- Unknown
- Milestone target:
- None
- Started by
- Completed by
Related branches
Related bugs
Sprints
Whiteboard
Unsure how well funded the current URO foundation is, but if it could accumulate a large ammt of URO before the UROSE with the goal of selling it at reasonable markup during the event (assuming purchases may be made on that day or soon following) it would make a little money for operations while avoiding a price spike on the day of the event. I looked at the orderbooks yesterday. on bittrex for 4.5 btc you could get 8k uro coin and raise the price by 20,000satoshi, on cryptsy for 2 btc you would raise the price to 170k and not get many urocoin, and on mintpal for 6.5 btc you could get 1800 Urocoin and raise the price to 170k sat.
Long story short, if NIER clients are going to be ready to place orders after the event, first to act gets the largest discount. next to act pays a higher amount, and following pays substantially higher due to illiquidity of the market. it might seem silly to be at a conference and be 3rd to act forcing you to pay a hypothetical $50k when the person in front of you spent $20k for their tokens. If you have any advanced warning as to what the sales might look like if they are going to happen the day of UROSE it might be wise to setup some sort of off exchange trading and gather up enougt uro to match expected sales.. garuntee the first X clients to act on a 12500 order the price that you can sell to them while making money for marketing, legal, news, etc etc.
TL:DR accumulate uro cheap before UROSE, sell during event, make profit for operations and guarantee lower price than would be found due to illiquidity on the open market.