Exactly. Did you read the proposal? KuCoin would be a Phase 2 target and Binance would be a Phase 3 target.
Yep and I agree with it, but I think more than 3 small exchanges are needed on phase 1. I guess the list was a non-exhaustive list.
For sure, so I hope you voted: I would like to assist in helping to get MAID listed on more exchanges (e.g. suggest additional exchanges, volunteer as a liaison with the dev team, fundraiser, etc.)
Just did, I will try here in UAE, let’s see what I can get
Hey @Sotros25 Happy forum Birthday/Anniversary!
Thank you!! I’m really glad that I’ve had the opportunity to meet so many amazing, intelligent and forward-thinking people here over the past few years
Regarding MAID’s trade volume, I believe there’s a possible explanation that hasn’t been addressed. IIRC, when Poloniex was purchased by Circle and KYC was announced, the price began to slide and never recovered until its delisting.
I believe the reason is that those interested in SAFE are those who value privacy. Remove privacy respecting means of trading, reduce volume, drop out of the CoinMarketCap top 100.
That’s also why I desire a DEX. Not only for my use, but also to have a more accurate gauge of the interest in and prospective value of SAFE.
Happy forum birthday @Sotros25! I’m glad we’re on this ship together
Thanks, @Dimitar!! Here’s to smooth sailing!!!
The poll has closed, and the results overwhelming indicate that there is support for the community helping to get MAID listed on additional exchanges (81% in favor).
As a next step, please reply to this thread with any exchange (centralized or decentralized) that you would like to see MAID listed on in Phase 1. As a reminder, Phase 1 will target “smaller, community-friendly exchanges with minimal listing fees.”
Please respond to this thread with your suggested exchanges by Friday Aug 21, so we can finalize the list of Phase 1 exchanges.
Also, if you indicated that you would like to assist in getting MAID listed on additional exchanges, please reply to this thread or DM me with how you would like to help.
I am wondering @Sotros25 what your thoughts are in considering placing efforts in going to a ERC20 coin which has markets already? Do we still need OMNI.MAID exchanges if we went ERC20?
I personally worry a lot about small exchanges. We have a very bad experience with them - Cryptopia, Bitker, Chainrift…
I can see value in ERC20.MAID; however, it is unclear to me whether the conversion from OMNI to ERC20 will happen. If it does happen, then I am happy to support it in any way I can, and I think that there would be strong arguments for prioritizing DEX. That being said, I do think a strategy for centralized exchanges would still be necessary even if ERC20.MAID exists as most users are still on centralized exchanges.
If ERC20.MAID exists, I think we should prioritize getting the ERC20 version listed since I imagine many exchanges would find it easier to list that version (plus I think the withdrawal fees would be much less than the OMNI version). That being said, if an exchange wants to list the OMNI version, I don’t think we should stop them (unless the ERC20 conversion process requires users to burn their OMNI tokens).
Separately, I do not see value or differential purpose in ERC20.SAFE. I think that when the Network goes live, people should be given the opportunity to burn/exchange their MAID (be it OMNI or ERC20) for SAFE, and then SAFE should be the singular currency upon which the Network runs. This is also another reason why I think it makes sense to develop relationships with both centralized and decentralized exchanges now. Doing so plants the seeds for future SAFE integration.
I think it’s a risk we’ll have to take at this time. Unless you have deep pockets or know someone with deep pockets, it is unlikely that we’ll be able to raise the funds for a Phase 2 exchange at this time. With regards to the very large Phase 3 exchanges, I think that MaidSafe needs to deliver more of a working product before we can have success in approaching them, and we need to see serious appreciation in the price and trading activity for MAID in order to make the listing fees make sense.
I agree with that. What do you think the probability is a 3rd party to make a ERC20 SAFE when the network starts?
Anything is possible, but if the exchange relationships are already in place to list SAFE when the Network goes live, I don’t really see why someone would go through the trouble to make an unofficial ERC20 version.
If however, there are inadequate exchange relationships at launch, then someone might attempt to make a SAFE stable coin. That being said, I still struggle to see why they would b/c if the exchange issues aren’t sorted out by launch, it will likely reflect poorly on the project and many people will likely opt to keep their distance.
TLDR: I think the probability is low.
Ie you don’t think there will be many people who want to buy an ERC20 Safe without KYC?
Maybe they do a “wrapped” Safecoin? I hear this is happening with bitcoin right now. Not sure what the implications would be. Effectively the same as someone just holding a certain amount in their wallet without it circulating.
If SAFE is listed on decentralized exchanges, why would anyone need an ERC20 version to avoid KYC?
Also people just need to realize that they don’t need KYC or AML to start up a vault and earn Safecoin. Or exchange wrapped crypto’s from outside of SAFE in exchange for Safecoin on a DEX within the SAFE network.
Decentralized exchanges are just a smart contract on a blockchain. You cannot include a coin from another network in them. You can only include a token from the same blockchain. Without ERC20 you cannot include a safecoin on a decentralized ETH exchange. You need to make a separate decentralized exchange on the Safe Network.