We at Steem Factory have been brainstorming to find new ways to increase the value of our STEEMFACTORY token. Since our inception we have given away more that 55,000 tokens to users who support our project. However, the token price has steadily declined over time.
The market is currently devaluing the mining operation which backs the price of the STEEMFACTORY token.
Let's take a detailed look into the mining operation:
| Equipment | Price |
|---|---|
| KNC Titan Miner - Purchased in 2014 | $10,000 USD |
| Raedon GPU Mining Rig, 16 GB RAM | $600 USD |
| Power Supplies, Networking Adapters, Etc | $400 USD |
| Expenses | Monthly Cost |
|---|---|
| Electricity - 1200 KW/H KNC, 350 KW/H GPU | $115 USD |
| Mining Income | Price |
|---|---|
| Average USD value of coins mined per week | $125 USD |
| Average USD value of coins mined in month | $500 USD |
| Current Price of STEEMFACTORY | USD |
|---|---|
| STEEMFACTORY | $0.03156 USD |
Do you agree the STEEMFACTORY token is undervalued?
We do. Now, what can we do about it? This is where we need feedback and suggestions from you, the community. Tell us what you think we can do to increase the value of the token.
Create you own idea in the comment section and ask others to vote on it.
Here are list of our ideas (Vote in comment section)
- Stop distributing the tokens for free - many are selling the tokens because they were given away, which is greater than the demand to buy them
- Create a weekly drawing where we award the winner in Steem, but to enter the drawing, you must send in a minimum amount of SteemFactory tokens.
- Perform weekly Steem sharedrops on the holders of STEEMFACTORY tokens. We must identify a minimum amount.
Ideas that we have abandoned
A supporter of the community suggested we buyback STEEMFACTORY.
- For the last two months, we have bought back STEEMFACTORY on the open market and the price continued to decline. We concluded this is not a good investment at this time. Until we increase demand for the token, the buy back will not produce the desired results.
We look forward to your feedback. We at Steem Factory value your opinions. Let's build this community together!
Thanks Steem Factory