A Productive Day in Germany

Meeting to Discuss Crown’s Future

Daniel Ames
Nov 7 · 4 min read

On 28th October, courtesy of a kind invitation from Crown community member Achim, I visited Essen in Germany to meet with Crownfan, Achim, Gohar and pjcltd. The purpose of this meeting was to build bridges after the last few months of tension and to discuss the future of Crown.

An Apology

Without the efforts by people like Crownfan, Edwardmorra, walkjivefly and pjcltd to keep Crown running, the project would not still be alive. Sometimes their efforts are not visible to the community. I will not overlook their contributions again.

The Challenges

  • Health of the codebase.
  • Health of the Bittrex market.
  • Health of the DAO
  • Long term development strategy & vision.
  • Marketing resources.

A Common Goal

The group also agreed on how we should do this:

  • Steady development progress.
  • An increase to the number of tokens available in the governance fund.
  • More ambitious and intensive marketing across multiple channels.
  • To support and grow liquidity on the Bittrex market.
  • To identify and deliver a use case for Crown that is unique, useful and ensures that Crown offers something that other crypto projects do not.

The Plan

Increasing the size of the DAO
We intend to submit a proposal to eliminate systemnodes and to allocate the coins that they used to earn to the governance fund. We believe that this will protect long term funding for the Crown development team and also increase potential earnings for masternode operators. While systemnodes are a useful passive income for smaller holders, we believe that pjcltd’s new masternode sharing service will create new opportunities for smaller holders wishing to stake their Crown holdings.

Marketing
We agreed to a hard three month push to shout about Crown’s strengths and potential use cases in social media channels and to invest a significant amount of money into a larger scale marketing initiative once the long term vision for the Crown Platform has been decided and defined. Crown has long held the position that marketing should be fact based and realistic and we are not diverging from that position but we agreed that we could be more ambitious in our methods and framing.

Bittrex Market Making
The hard truth is that the Crown market on Bittrex has a very large sell side, a very small buy side and very low daily liquidity. The reason for this is that Crown does not offer a unique proposition to the crypto industry. We believe that deciding our long term vision and delivering something unique and useful will change the trajectory of the Crown market and that in the meantime, the Bittrex liquidity proposal should be renegotiated and funded to ensure that both markets to BTC and USDT maintain a basic level of health.

https://global.bittrex.com/Market/Index?MarketName=BTC-CRW

https://global.bittrex.com/Market/Index?MarketName=USDT-CRW

Crown’s Future Unique Selling Point
Crown’s long term development vision has to be decided and implemented. We need to choose, as a community, how Crown can position itself to be useful in the crypto world. In our meeting we had several good ideas that are achievable however the true potential of Crown will be linked to the new capabilities that the Elements NFT update will provide. Our goal is to present a new vision to the Crown community within the next month so that we are ready to embark on a new phase in Crown development in 2022…creating something unique that will turn heads and return the spotlight to the Crown project.

Join The Crown Platform community:

Crown Platform

Crown is a digital token and blockchain platform enabling…

Crown Platform

Crown is a digital token and blockchain platform enabling independence serving individuals & businesses. We are focused on legal compliance and transparency utilizing our decentralized governance model.

Daniel Ames

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Crown Platform

Crown is a digital token and blockchain platform enabling independence serving individuals & businesses. We are focused on legal compliance and transparency utilizing our decentralized governance model.