Because of this:
… I had made some plans to sell some of my holdings soon. So, please enlighten me, does this NFT thing allow any such arrangements that I could sell for example the first 25% portion to someone (with a discount of course), and try to get some tokens that way soon?
If that’s possible… anyone wanting to make deal DM me.
EDIT: Ha, @DavidMc0, asked the same thing a second before.
I have been told the NFTs are transferable, so I would image you could arrange a OTC deal for that. Although I am not sure if there is a way to confirm how much ANT is locked inside of a particular NFT.
That’s good news, as long as it becomes possible to:
I have no quibble with the repayment terms, I understand and happily accept the payment schedule. Like most other regrets about this project, though, the extended wait time (about 7.5 years) for payoff to begin is the most disappointing thing. Annualized return is only about 5%, not 50%. And even less when you consider the 18-month full period of repayment. From a purely financial standpoint , I could have done much better investing elsewhere. I’m not complaining, though, as I did at the time of the loan, I feel fortunate to be able to support a project and individual I believe in and admire. There have been times when I thought to myself that might be the only satisfaction that will be seen from this loan so I’m actually grateful for what we are getting. If I had known, 7.5 years ago, that this repayment schedule and time frame would be what we would be getting I think I still might have invested. We should all keep in mind these other considerations that separate this deal from a more conventional investment vehicle.
What is a NFT (yea I know the term/memes/butters), but how are people supposed to see it, or use it, or what magical things does it do. I can imagine people will be asking this @rusty.spork
Many may think its just for ownership of images
I will have to make a guide on how to see it and send this NFT. Pretty much you can program a website or claim process to be gated behind your unique NFT. There will be some sort of process in 4 tranches to be able to claim 25% of your tokens in each one. I do not yet know the exact process, but that is the gist of it. A NFT is not always just a random jpeg. Yes its still a jpeg but they have been used for memberships, video game skins, concert tickets, virtual real estate, tokenized actual real estate, discord roles, equity in company’s, and so on. Does that make sense?
Meaningless words to those who do not already know the meaning/process
???
It does when you already know what it means.
But to those of us who do not already know then its all foreign languages. Its all greek to me was a saying we used to use
@dirvine I have not received the notification either. Can help check?
Are we receiving the 150% return in the number of tokens loaned or value equivalent?
I think that’s a fair assumption, when you have to wait 6+ years to get your loan back. I also don’t see a valid reason for making the process so complicated. Having to build an NFT smart contract to pay out some investors is a waste of my invested money imo. I mean, NFTs, really? It leaves a bitter note, that the project was “undermined” by web3 shitcoinery some time ago.
As I said, there will be huge holders willing to dump on lunch eitherway. Those who where willing to support through a loan are probably the least likely to sell so I think there is no reason to stretch the payout over 18 months (penalizing those who were supportive the most, when needed). Furthermore, the token won’t have any meaningful value eitherway, until the network proves reliable, which at the moment still is a big IF, given the beta results.
I still wish the project all the best, but I think many of the recent decisions were rushed / not thought through well, including the so called “launch” alltogether. The process of penalizing hard-core supporters during the payout is just another point in this list.
The NFT should mean there is no longer counterparty risk. I am assuming the ANT are on the blockchain but simply locked up for the various time periods.
I replied to the email with the question “To be clear, in order to receive an NFT I need to provide you with an Ethereum address?”
Still waiting for answer. If yes, I can just submit the address from my Ledger, right?
That’s what I am going to do. Just to be clear I am still out of this part of the process, is I am just one of you guys in this part. I know folk are tagging me to answer questions and emails but I am also just following the instructions as they come out. What I do see though is a herculean effort in the team in getting all these different groups satisfied. No mean task for sure.
Key issue will be ensuring nobody is left behind here.
However it’s just an Eth address so a ledger eth address should be fine. I see ledger also has Arb(Eth) accounts, but I think it’s the same thing.
It seems like a sensible use of technology to me. Why have a person / company hold them & manage payouts every time rather than having 1 person write a smart contract to do it all in a more automated way?
I agree. Seems unnecessary and harsh from my perspective (though I didn’t participate).
At least the principal should be available along with those burning MAID / eMAID in my view.
I guess the team have reasons, but seems odd when it’s probably a relatively small proportion of tokens, from people who clearly aren’t thinking short-term & were willing to help out.
It feels like being spat in your face. Whoever made this decision is a psychopath.
Check out the Dev Forum
Thanks for the intro however me and my mates are blur when it comes to these. Appreciate if we can have a step by step guide for noobs. Or perhaps can point us to the resources that we can learn more about this.
Yes there will be a step by step guide when I have the full process which I do not yet have.
Much appreciated. Am thrilled we are finally here.
Well, that’s not the most charitable take on it, but I can see why you’d be unhappy.
I wonder whether the reason for it is purely because the repayment of the loans was planned to be done in line with distribution of SafeCoin (ANT) to shareholders, and the vesting makes sense for the shareholders. So lenders are ‘caught up’ in the shareholder terms for better, or in this case, worse.
Probably nobody was thinking ‘let’s punish the lenders’, but decisions were made for releasing tokens to shareholders, which have had a knock-on effect on lenders.
Edit: Bux has reduced vesting from 18 months to 6 months 
NFT claims for MaidSafe Shareholders and those part of Loan Agreement using MAID?
Well deserved longsuffering lenders and shareholders, and great move Bux!