The arb wndow closed rapidly
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So now I have some emaid to play with (yes the conversion worked) and the window shut (yet still 25% higher than where I bought), I might as well hodl and wait for the moon.
At what “price” is the moon “on your map”?
No idea. I was just having a laugh
It’s on again!
I have been away from the forum for some time. Can someone fill me in on emaid and maid. When I learned about Safe Network I wanted to support the project so I bought in. I have no idea about what the deal is with emaid and maid and a quick search has not really helped. The original idea I had was that you contribute with maidsafecoin and when the network finally goes live you convert to to the actual coin. Is that still the case?
yeah then someone suggested that it might be a good idea for MAID to be on ERC20, rather than OMNI
so after lots of debate, there was a platform set up to convert MAID to EMAID for those who want to.
so some did, some didnt. its all the same. 1MAID (OMNI) = 1EMAID (ERC) and both will be converted to 1 SNT at the applicable time.
@Astroman just keep buying the cheaper Maid and convert it to Emaid to make a quick profit.
I’ll bet you thought of that already!
Here are the threads where the whole thing was discussed
MaidSafeCoin is now available on the Ethereum blockchain, thanks to eMAID
Yup… still a thin market so arbs are possible. If you see one you can execute, get paid for doing a favour to the community
Answered all my questions. Thanks.
Arbitrage makes for personal gains and not so much “favour for the community”. As arbitrage is considered one of the few “free lunch” you can get in this world, enjoy the free lunch.
this is where all the conversions are listed:
To be fair, if you dont have the emaid at hand, its not really arbitrage. It takes too long to convert.
Plus the ease of access to buy a ERC20 token should mean that there are more buyers over there. Could explain the price discrepancy.
You take the personal gains for making the market more efficient. More efficient pricing and more volume is actually a service. Yes the remuneration is personal, but it has positive spillover if done in this manner (let us not talk about dark markets etc.)
That US might have access to Uniswap might be one of the reason why price tend to differ in the short term. Restrictions to markets is sometimes a reason price is higher on some markets.
Anybody else having trouble with the Bittrex BTC-USDC page?https://global.bittrex.com/trade/btc-usdc
Its impinging on my serenity as I try to arb Emaid to MAID…
Arbitrage is capitalism aka the DEVIL. Stay to exchanging cigaretts for goods and services.
It’s a service I could live without, I would rather make myself a sevice and profit from arbitrage.