MaidSafe Loan Opportunity - APPLICATIONS NOW CLOSED!

Yes, any ETH address will do to receive the NFT.

To see your ANT when it arrives you’ll need to Add Arbitrum One, and then Import ANT to be able to see and use them.

You don’t specifically need MetaMask to do that, many wallet apps are capable of it. MetaMask is just a very popular one and a good one for the step by step guide.

But… me @rusty.spork is you most excellent guide in all things crypto wallet, so please do reach out to him as needed!

I’m not happy either.

I think that at least the first 25% should be paid way sooner, like in a week or so.

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Also, I have never used NFT’s and need very detailed guidance.

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Thanks for the clarification.

Now we just need an agreement, that you scrape the months long payout period. This is clearly against the contract. Imagine you give out a loan in good faith to someone and then he suddenly decides to pay you back in small tranches over 18 months.

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It is also unclear to me, when the 3 to 18 months period begins ?

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The details, like shareholders payout needs to be a bit at a time really. Otherwise we risk a total collapse of the token and perhaps network. I know folk may not like it, but we are all in this together and doing this together. So it’s the same for us all. I do think it makes most sense this way to be honest.

If we flooded the market with coins on day 1, then I think people would be rightly enraged. Even this approach will have folk unhappy, not no solution is going to please everyone, it’s just impossible. We have to try and go with what seems the less of the evils of flooding. the market, but also getting folks their tokens as quickly as is reasonable.

There will be no “correct” way in anyones eyes though. So I feel you and again, we are all following the same path here.

We could have delayed the network to native token, so maybe a year or more and so on, It’s all a balance

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Yes, as Jim mentioned they are asking for a EVM address. A example of this is your ETH/ARB address (it is the same address). If you use MetaMask you find it right below where it says “Account 1”, and it ALWAYS starts with 0x. We will drop you a NFT on ARB chain which you will need to have in the account to claim the tokens in:

25% Month 3
25% Month 6
25% Month 12
25% Month 18

image

I have seen many TGE, and when investors get 100% at TGE token price always tanks. This is why it is common to get a small %, or even nothing at TGE, then start some sort of “vesting” or unlock period.

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So MaidSafe think, that supporters waiting several years are going to push token price to zero ?
Might be, they just wanted use the network to upload own stuff…

There will be many folk with many reasons what they will do. As I say we are all in the same boat here, token holders, shareholders and loan folk. That seems fair to me, but as I say, it’s money folk will go nuts regardless of any choices. There is no answer that will please everyone.

We are moving as fast as possible, we have moved very fast to get to this stage, it could have taken much much longer. Can we not be happy we are actually here?

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Seems kind of fair to me too, and I understand the reasoning etc. But how about at least something on TGE? Like 5% - 10%? Please?

And the 18 months seems quite long to me.

Any tweaks needed for Ledger Nano S? (Maybe a stupid question, but… that’s me. )

I’m sorry but payout terms are in no way “details”. The contract clearly states that you are getting paid out 150% after launch. Not divided in 25% chunks. That’s completely made up.

I for myself do not even intend to sell anything because it’s not woth much currently eitherway but I don’t like it when someone tries to creatively reinterprete a contract.

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Is 18 months past tge before launch or after launch? :thinking: :face_with_monocle:

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For the record, issues like this don’t trouble me at all. This is an area where I continue to trust what Autonomi are saying and doing. David has always handled these issues as well as could be expected IMO, and the project would have died years ago without this. My sense of that the team have done a good job in this area even though not everything is fully understood yet.

My priority is a working network and the fundamentals. That remains a concern, while TGE is relatively proven and straightforward thing, even if the conversion process is unfortunately but necessarily complex.

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150%, which is a pretty damn good percentage. And the total coin supply has been cut down, making all our investments worth more.

The contract says exactly:

in return for MaidSafeCoin made available by the MAID Holder under these funding
terms the Company will, subject to successful launch of the Safe Network and release
of SafeCoin to the Company’s shareholders and as soon as practicable thereafter
transfer to a wallet specified by the MAID Holder,

So, there is basis to tie this payment to the payments to shareholders. And that was also stated in the opening of this opportunity:

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And @Mindphreaker, I totally get your dissappointment and initially felt the same way.

But at least in my case, the fact is that I had just reduced the whole contract to “Very soon after launch I get money” in my own mind. After the shock I have to admit to just accept it as it is. Not what I hoped for, but actually fair and understandable.

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I have a Ledger and Trezor which I will start working on more complete guides once ANT TGEs tomorrow, aiming to have them done by Friday! But the concept is the same on Ledger/Trezor, your ETH/ARB address is the same and starts with 0x

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Given that the payments are linked to an NFT, would it be possible for someone who wanted tokens sooner to sell that NFT in order to effectively sell the loan?

E.g. If someone lent 10k MAID and the NFT is worth 15k ANT over 18 months, could they sell that to someone for e.g. 11k ANT ahead of the first payment?

Or will every NFT / payment be linked to a specific address given at the start of the process?

I know the process isn’t designed for this, but I wonder if it’ll be easy/possible for long-term holders to buy loans from those who need / want liquidity?

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