Some more new has been posted by the MastCoin developer team earlier today. A new plan is forming to boost the MastCoin price, there will be a PR push and more giveaways, bounty programs and something called Bonus Effect. Madness I tell you!
As a lot of MAST community members are focused on the current price, the MastCoin team felt something had to be done. As a result, they will launch a new project which will improve the MAST price by direct intervention into the market.
By buying up (cheap) MastCoin on the open market. As MAST is now Proof-of-Stake only, there are no more coins being mined and dumped. Increased volume and price will bring more attention to MastCoin, which will further increase the price.
PR & Giveaways
In the past, the MastCoin team has seen some great success with previous giveaways and marketing campaigns. As there was no pre-mine or IPO with MAST, most of the funds has dried up by now unfortunately.
However, since they are buying up coins on the open market,most of these funds will be used to build up a MAST reserve for upcoming giveaways and promotions. The team is hinting at a soon-to-launch Twitter giveaway.
Bounties will be funded for any good marketing and MastCoin ecosystem development project ideas. A donation system , allowing you to donate funds to projects directly, will be implemented at a later stage.
“Any coins that we buy now, at the currently undervalued prices, can be used in the future as if they were five, ten, or even hundreds of times the number of coins that we’re buying! Giving away 10 MAST coins today for a bounty may seem unimpressive because of its relative BTC value; however, we hope to see the price rise significantly which will make every coin we buy today more valuable and useful for bounty rewards in the future.’
Official announcement :
MastCoin donations : D91iiMyjjoxzDYGJGnPZr1F4WeKDCkyRkS