Hello Mr. Stefansson,
Don't be disappointed by the early miners. This is their way of acting all the time in the crypto world, mine and dump. But that does not mean that they will move a coin to the trash - they can't. Undervalued coin is not dead, it's just under the radar of the "whales" and can exist peacefully until the right moment comes. You do your work, be active on the forum so members can see your presence, do PR and we will get in the right rails.
Best Regards,
Thanks for the kind words. Actually I'm not panicking. We have been expecting this for some time
It's really just a question of finding the best way forward: I had not quite anticipated that the price could go all the way down to one Satoshi -- nor had I realised that there was an absolute lower bound (10^-8 BTC) on the unit price in the market. It is perfectly reasonable that a few buyers are not ready to pay a lot of BTC for 100-250 million SMLY being dumped (at a price which we would like). In combination this means that the initial miners can not get rid of their coins on the SMLY-BTC market. It would be much better if the price could fluctuate around (and below) this price so that the price could drop to a level where buyers with a slightly longer-term view would pick up the SMLY.
So we're stuck for now, unless there is a move to e.g. the SMLY-DOGE market at https://c-cex.com/?p=smly-doge - if only while the dump gets resolved.
I don't expect this to be more than just this one dump: The difficulty is now high enough that SMLY are being generated a bit too slowly so it seems to have caught up with the mining performance.