Because price is so important I think you should consider doing the a 10:1 reverse split now as well. This place will function better with rewards based off of $1.7 steem as opposed to $0.17 steem

I agree totally with this, there is already too much supply. A low supply is important to create feeling of scarcity.
Doing a one off reverse split is a good idea, it will allow the price per steem to increase a lot in the future which is what this platform needs.