# My plan for a higher steem price...

Everyone wants a higher steem price, and in my opinion we could probably make it happen with a few key announcements.

The only caveat is that these announcements will have to come from Steemit,Inc.

# Without further adu, my thoughts on how to get the price of steem higher in the near term...

I think all it would take is for Steemit,Inc to take a few key actions and then blast a press release, or multiple press releases, that highlighted a few key points (and some that haven't quite happened yet).

The press release(s) would say something like this...

> "We are now generating $100k a month in ad revenue, which is more than 99% of crypto projects. With this ad revenue we are now getting to the point where we will no longer have to sell steem to fund operations. This is significant in that we have been selling steem to fund operations basically since steem launched back in 2016. This would mark a significant milestone in our project as we no longer depend on market prices for our survival.

> Also, we are now focusing all our resources on building out SMTs and Communities and expect to have them completed in the very near term. We believe these two developments will add tremendous value to our platform and our community/users as they will have more tools at their disposal than ever before.

> Also due to the development of SMTs and Communities we have decided to shelve the previously proposed EIP. We think that it would better serve our community for these new features to be tested first within Communities and SMTs before we launch them on the Steemit.com platform. If we like what they are doing within that context, we can implement them on the broader platform later on.

> However, that being said we will continue to work and tweak some of the finer points of steem and steemit.com in order to help it be the best that it can be. Some examples would be getting rid of some of the un-needed complexity surrounding voting times and other smaller features that we feel take away from the overall user experience.

> We also plan on going forward with a new fund that is set up to help pay developers for their projects. Initially it was set to be funded with 10% of the overall inflation, but we have decided to start it at 5% instead to see how it goes first. If you have a great idea that you want built on steem, send a proposal and you could get funding!

> Finally, with the dramatic increase in ad revenue we are experiencing, not only are we no longer going to be selling steem on the open market, but we are anticipating that in the near future some of the surplus ad revenue will be paid out to qualified bloggers as an additional revenue source to them, or used to buy-back steem and burn it, and/or used to fund a large advertising campaign. We feel any and all of the above would add tremendous value for our users.

> Thank you for being patient with steem and steemit over the past 12 months. We are finally getting to a point where we are going to start thriving again, buckle up!"

Something along those lines would really get things flying again in my opinion.

# TLDR:

- Announce that you are making $100k per month in ad revenue
- Announce that you are stopping selling steem on the open market
- Announce that all resources are being put into developing SMTs and Communities and they are coming soon
- Announce that you are scrapping the proposed EIP as it currently stands
- Announce the SPS but reduce the inflation going into it from 10% to 5%
- Announce that some of the increased ad revenue will be paid back to qualified bloggers/or used to buy-back steem/or fund advertising campaign etc...

(That last one is mostly pie in the sky dreaming on my part, but perhaps with enough revenue and cost cutting we can make something like that happen)

If some combination of the above, or all of the above, was done, I think investors and users would start to feel confident about steem and steemit again and the price of steem likely would get some wings!

What say you @steemitblog @andrarchy @elipowell @justinw @roadscape @vandeberg @gerbino @birdinc @ned ?

Stay informed my friends.

-Doc