Very true. As I have said before the poor communication from the team and the inability to market SMAC is of real concern. It doesn't matter what the business model of the coin is, if you fail on these two fronts you will get nowhere. The fact that we have as close to zero volume as you can get is proof of this.
Given that SMAC is based on advertising which involves communication/marketing it is all the more surprising that the team has done so poorly in these regards. The lack of communication in recent weeks or indeed any kind of direction is almost unforgivable.
Given the scarcity of updates and the briefness of the rare ones we have had I get the distinct impression that the team members have lost interest in this or have run out of ideas, maybe both.
I'm sure I'm not the only one that gets this impression and I wonder how many people would have been put off investing purely by seeing the lack of activity here.
I hope the newsletter brings some more positive news but to be blunt it will have to to do something pretty amazing to stop this sinking.
Sorry to be so negative but I think it is time for a reality check as there is only so long that a cryptocurrency can survive on zero volume.
It is possible to save this but we need something to be done now.
I hear you, but there are several positives too:
1. So far the team has executed market buys every month as promised to the tune of several thousand dollars....we aren't talking about peanuts here.
2. They have now said they will not only continue to execute monthly market buys, but also they will burn all future coins. That right there should be enough to (hopefully) silence any FUDders, and might even be enough to attract new investors even without the Marketplace. There is no other coin on the market that generates outside revenue and then uses that money to buy and burn coins every single month!
3. Between the coins bought back after the ICO and the coins bought from the last few buybacks, the dev team now owns sigificantly more coins than all of us COMBINED, so no doubt they want this project to succeed at least as much as we do, if not MORE.
Also, according to the OP, this month the buyback amount should be 15% and then stay 15% for all future buybacks, meaning after this month the buyback amount will always be larger than the month before.
I am trying to look at the positives because, like some of you, I have a lot riding on SMAC succeeding.
2 more days until the newsletter so let's just hold tight until then.