The “Gridcoin Finance Team”: The other side of development.

The “Gridcoin Finance Team”: The other side of development.

In today's commentary, I am going to refine the ideas I put forth for a “Gridcoin Finance Team”. This purpose of this team would be to increase the market value of Gridcoin. My first post brainstorming this idea can be found at:
Suggestions for Gridcoin to Earn Market Value

I was able to find that the Gridcoin developers have considered the need to address the financial side of Gridcoin mining at the following link at Crytocointalk:
Gridcoin Finance Project

That discussion covers some of the issues I have raised, but I am going to going to focus on the need for a community team to set and achieve specific goals with the purpose of raising the market value of Gridcoin (GRC).

I will summarize my initial post, and then I will lay out an example of how such a team might be organized.

First, some basic concepts from my original post:

Gridcoin has intrinsic value because the generation of Gridcoin is based on the generation of scientific research via BOINC distributed computing. Remember though, intrinsic value is not always matched by market value.

Markets are driven by supply and demand. Gridcoin mining (based upon the generation of scientific research) provides the supply for the GRC. However, unless there is a demand for the use of GRC, there is no point in creating a supply of GRC. People will continue to participate in BOINC research, but will not create GRC. Since there are many other altcoins, people that create GRC need to find ways to make GRC more attractive than these other altcoins in the altcoin market.

My suggestion is a team of volunteers from the Gridcoin community to set goals that will achieve the end result that GRC raises in market value. These volunteers should have the skills necessary for competent recognition of objectives and the ability to accomplish them. Such skills may include knowledge of financial markets, social media, and salesmanship.

We need finance gurus, salesmen, social media wizards, economists, and evangelists.

Now let me move on to how such a “Gridcoin Finance Team” might be organized ( I am assuming that the community either includes members with these skills, or actively recruits such members): The community will need to decide how such a team would be selected from the community, and I am exploring possible models along those lines.

A- “Gridcoin Finance Team” Objective: To Raise the Market Value of Gridcoin (GRC)

B- “Gridcoin Finance Team” Roster:
Tom – MBA, experience in emerging markets
Dick – Long time experience in BTB (business to business) sales
Harry – Teaches economics, long time experience in currency exchanges
Satoshi – Experience in cryptocurrency exchanges, MBA student focusing on such exchanges
Steve – Multiple year experience in affiliation sales on the web.
Sam – Social media expert
Sally – Has been integrating Steem with research in Gridcoin generation
Maria- Gridcoin enthusiast, writes how-to guides for newbs and helps out via IRC and Reddit
Sandra – Gridcoin newbie, several years direct sales experience
Queequeq – Professional mediator

C- “Gridcoin Finance Team” Organization: Tom, Dick, and Harry have been selected by the community, and approved by the Gridcoin developers, to act as a “Organizing Committee”. They take the initiative to define goals that will increase the market value of GRC. They seek input from the Gridcoin community and they also research the success and failure of other altcoins. They break down the organization of the other volunteers into Roles. Roles are the roster of volunteers assigned to accomplish each goal. Roles may be assigned a leader, or not.

D- Define Goals to raise GRC value:
Get GRC accepted on cryptocurrency exchanges; provides opportunities for more altcoin buyers to purchase GRC
Recruit current BOINC users into GRC mining; provides more people willing to push for demand in reward for their contributions to science
Convince the institutions benefiting from BOINC research to accept GRC as tuition payments; sets a floor value on GRC

E- “Gridcoin Finance Team” Roles:
Role 1 – Get GRC accepted on cryptocurrency exchanges; Tom, Harry, Satoshi
Role 2 – Recruit current BOINC users into GRC mining; Sam, Sally, Maria
Role 3 - Convince the institutions benefiting from BOINC research to accept GRC as tuition payments; Dick, Sandra
Role 4 – Floaters, willing to aid other teams as required; Steve, Queequeq

To finish:
I hope this rather simplified organizational scheme makes my suggestion for a “Gridcoin Finance Team” easier to understand both in purpose and what would be expected of them to accomplish.

Please suggest other ideas for recruiting this team, organizing it, and especially ideas to explore in creating market value for Gridcoin. In the meantime, I'll be looking at the devs' original Finance Project, and hopefully cook up some suggestions for writing an organization plan.

Good Mining!