Thank you very much for this very detailed answer.
I awarded you with merit for that because it is first such a quality answer I got from a newbie account and it is obvious that you have a lot of knowledge about cryptocurrencies which a very good thing and we need more members like you. Of course, I have first read all posts in this thread from at least the last five pages, especially almost all yours. I keep reading now all linked materials and kudos for that too because it is really great stuff and if somebody wants to know more about ZDAG I advise you to read it to understand what Syscoin really is now.
I can't understand why there is no marketing campaign for Syscoin?
Personally, I have seen nothing lately about Syscoin and that is why I check from time to time such projects, especially if I hold these tokens and in Syscoin I was involved from the very beginning, but last year I stopped to follow closely because of the price drop and overall altcoins market condition. To be honest, I thought that like many other projects Syscoin is in the same place as 3 years ago and we have nothing more as a marketplace app. I just couldn't believe in such big progress and major changes in the Syscoin protocol, which is very good of course.
There are so many things to be proud of and which needs to be shared, that I keep wondering why there is nothing about Syscoin in the crypto media and even this thread looks like not catching too much attention from the community?
With no doubt, more marketing is needed and there is no time to wait in actual market conditions. I think if people know about this tremendous progress, which Syscoin did in the last 2 years, there will be more investors and people interested in buying SYS on exchanges. More investors mean more buying, which means more volume, liquidity and for sure price should be going up.
Thanks for the merit, much appreciated.
Spreading information on ZDAG is very good for time being, because interop will soon open Syscoin Platform to be used by other platforms, for ZDAG in particular (which has many advantages over Lightning Network, especially for asset token use cases and point-of-sale).
Members of Syscoin Foundation and Syscoin Development & Marketing Team have been working w/ external marketing firms the past several months. These firms have a good track record and their advice is being followed. Most work w/ them pertains to planning the upcoming campaign that will reveal unique trustless interop functionality after it is released and functioning w/ Ethereum. As for where it is on release timetable... my understanding is the bulk of interop code is complete. It has been extensively probed for bugs by an outside team (Art of Bug) on a bounty basis, much of which was funded by Jag himself but also the community. All bugs found have been resolved. What remains is coding a few optimizations then releasing it to community testnet (for a couple/few weeks most likely). A web-based wizard has been created which can give a sense of how it will operate:
https://bridge.syscoin.org/ (<-- note, this is the "old" version of the wizard. The new is said to be better but not available quite yet). A testnet PoW faucet has also been created, and should operate w/ mainnet coins fairly soon - this will make it easy for devs to try the platform which will also help drive adoption. IMO, gaining more projects using Syscoin Platform is better at this point than just getting on more exchanges. Fostering dev appeal is key, and a number of initiatives exist for that, including improved instructional documentation.
Extent of active marketing at present is also of course impacted somewhat by price. Foundation & SDMT are recipients of funding from governance, and strive to make most efficient use of funds. They always attempt to garner services in exchange for SYS (whether it be site design or hiring marketing firms) rather than sell at these levels (also worth noting that w/ Syscoin's market volume, if any selling of SYS were to happen the price impact would be near negligible considering the amount of SYS granted). I share your perspective in part. One thing that can be said is Syscoin persists with innovating despite market conditions, and has survived much harsher conditions than the past year. Despite price, things are looking up on many fronts. Community teams are gaining more manpower, even BCF seems closer aligned to Syscoin now, and IMO some of the best innovation currently happening in the space is going on within the project.
Dan will be making a number of announcements at the upcoming Syscoin-organized Block Party Amsterdam on Nov 7th. Attendence for the event is looking good thus far, and there will be multiple speakers from different projects including Komodo.
Thank you for keeping sys info up.
