MaidSafe rebuilding secure decentralised internet with BnkToTheFuture equity fundraising

Very well could be this isn’t the first time I’ve noticed this

This is what I would prefer.

I trust ventures that under promise and over deliver.

2 Likes

In the current context of mild anxiety and upset I’m grateful for the positivity and potential for good news.

4 Likes

Another possible current argument for Maidsafe towards investors, in particular a facebook replacement: Facebook inflating one of its video-viewing metrics is bad — but not as bad as it seems.
I’m curious what the consequences for facebook will be (I rarely use it myself): nothing because facebook has money enough, more advertising, …

BIG UPDATE


For everyone that can’t access the bnktothefuture forum:

We believe that BnkToTheFuture qualifying investors want to invest in the MaidSafe pitch, but the lack of incentive for investing early has probably caused many to hold back. To address this issue, and to give everyone an extra thank you for the support, we are going to be offering everyone who invests in our pitch two bonuses, one from us and one from BnkToTheFuture.

MAIDSAFE BONUS

Those of you who follow MaidSafe will know that MaidSafeCoin currently exists and is currently traded on a number of exchanges. MaidSafeCoin is a proxy token for Safecoin and will be traded on a 1:1 basis when Safecoin goes live on the SAFE Network.

Safecoin is the currency that can only be used within SAFE, and the distribution of Safecoin is handled entirely by the network on a per use basis.

The Safecoins that we will be offering to early investors will be amongst the first to be farmed on the network by MaidSafe. This is a great way to be involved in the SAFE Network story while also receiving a little slice of history.

The Safecoin will be delivered both digitally, as per a normal transfer, but also on a uniquely branded memory stick as a memento and thank you, providing investors verifiable proof of being an early adopter and supporter of MaidSafe and the SAFE Network.

These Safecoin will be allocated with the ID of the individual claiming the reward and delivery of these coins will be made as soon as Safecoin has been integrated into the network. This offer will be backdated to investors that have already taken part in our BnkToTheFuture funding round.

For the duration of the fundraising campaign, the amount of Safecoin you receive will relate to the amount that you invest. The incentive is offered on a decreasing sliding scale so if you are looking to maximise the offer we suggest you get in early.

Sep 12 - Sep 26th - 1 safecoin for every £2 invested
Sep 27th - 30th Sep - 1 safecoin for every £5 invested
2nd Oct - 5th Oct - 1 safecoin for every £8 invested
7th Oct - 9th Oct - 1 safecoin for every £11 invested

BNKTOTHEFUTURE BONUS

All investors in this pitch will also receive bonus Bitcoin mining hash power that will pay them Bitcoin dividends everyday BUT only for as long as the mining process is profitable and or until it expires.

The earlier you invest the more hash power you will receive and the more Bitcoin you will receive as a “thank you” for investing in MaidSafe.

How much Bitcoin mining hash power will I receive as a bonus?

Mining power will pay you Bitcoins every day for as long as the Bitcoin mining process is profitable and is available with zero technical knowledge or input from you.

How many Bitcoins you receive each day depends on the everyday price of Bitcoin, the difficulty rate of mining Bitcoin, the daily maintenance fee and the amount of hash power you receive. We take care of all the technical stuff, you just receive the coins to your BF account each day with an email to let you know how many you are receiving.

The price and difficulty rate of mining Bitcoin is 100% market driven and we have no control over it. The maintenance fee is automatically taken from the coins generated each day and is fixed at the same rate for all. How much Hash power you receive depends on the amount invested and how early you invest as outlined below.

You will receive:

100 GH/s of Bitcoin mining Hash power for every £1,000 invested in this pitch round ONLY and PRIOR to September 26th 2016.
75 GH/s for every £1,000 invested before 12 Midnight GMT on 30th September 2016.
50 GH/s for every £1,000 invested before 12 Midnight GMT on 5th October 2016.
25 GH/s for every £1,000 invested before 12 Midnight GMT on 9th October 2016.
How do we define profitability?

$0.00026 per GH/s per day will be deducted on a daily basis from the generated coins as a maintenance fee. Dividends stop if the coins mined and converted into USD does not exceed the daily maintenance fee for 20 consecutive days.

How will I receive my Bitcoin?

You will receive Bitcoins everyday paid to your BnkToTheFuture account or to an external wallet when you update your dividend settings on your account page once dividends are enabled.

You are also able to receive them in an alternative crypto currency like Ether or DASH which can be enabled in the dividends and wallet section of your account once we have enabled dividends.

We aim to start paying them 14 days after this pitch round expires and closes.

BnkToTheFuture shall reserve the right to refuse/deny, cancel or delete any fraudulent and illegal or Hash power bonus claims that was created under false credential, including inappropriate/trouble investor individuals and if in breach of our investor member eligibility terms and conditions. BF Investor member accounts created under fraud, illegal or false credentials shall be denied/refused Hash power bonus claims, or for any other reasons as per our terms and conditions BF shall reserve the right to claim refunds for Hash power dividends paid out from all cancelled BF individual investor member.

These bonuses and many other things were discussed in an Google Hangout with Simon, David and Nick. Enjoy!

20 Likes

Holy Moly!!! Pot sweetened!!!

5 Likes

Yeah :clap: :clap: :clap::+1:

9 Likes

Wow that was so fast!

We just mentioned the idea yesterday and it already has been implemented and even has it’s own nifty graphic depicting the bonuses!

You guys move fast! Never a day wasted in Troon

3 Likes

I don’t see this making much of a difference tbh… the setup is all wrong. You’ve confused the forumites (who are already invested) with the profit vultures (who have stayed circling). I don’t see much motivation or appeal in a coin giveaway like this for them; the numbers are too small and we (forumites) are the only ones who would care about the memory stick.

Coin giveway was a good idea, not like this though and the memory stick won’t generate any extra money, just extra cost.

Hate being a negative nancy, but really I wish you guys would spitball your ideas with us first. This won’t have a significant impact. It needs to be setup differently, more reward and more immediate fomo… the three day ‘rush’ is pointless because the reward isn’t a big enough %. Synero offered a 15% bonus in amps for the big boys if they went over $120k, that’s what bumped them along… they pushed higher deposits with scaled bonuses so everyone had an incentive to hit the closest upper %… if i deposit $3k i then want to put in another $3k to get myself to the $6k tier for rewards. Your setup doesn’t do this, it just says do it in the next three days for small reward or don’t bother after that because it isn’t worth it.

If there is still time to change this then I would. It’s not the most efficient or effective way to generate investment from these guys. :unamused:

EDIT: sorry, read that back and sounded very negative… i hope it works, im just dubious. I really think it should be done differently.

7 Likes

I kind of like surprises here and there :slight_smile:

And I could see those original limited-edition SAFE USB sticks going for thousands one day

1 Like

I agree for some parts here, but there’s a catch. The Safecoin is per 1000£ invested. And it won’t give you any work on exchanging your MAID for Safecoin. So when SAFE goes wild (like 20X which isn’t crazy in this world) you actually had your investment for free :sunglasses:. It’s like a stock option. And when SAFE goes wild the value of the company (where you now have your investment for free) will be worth quite some more. So to me it could be a killer and I really like the extra little present. It’s really an investment. If things work out they now work out extra well :thumbsup:.

6 Likes

This is not negative, its actually quite positive - because you took the time to think about it and write about it and offer up something that you think might be better. Better for Maidsafe, better for the community, better for you. If anyone here takes constructive criticism - which this is - as a negative, they need to give their head a shake. Nothing wrong with critiquing and offering up ideas that come from a good place. That seems to be an unpopular choice here and it ridiculous that some people fear the wrath of the community if they speak their mind.

Right now, in this moment in time, this is about money, business, survival and the right and wrong way to market a product.

Its not about Nick or David or code or rust or Troon.

Speak up!

4 Likes

Yeah, it is cool, like I say, giving away safecoins is a great idea, I just don’t like the setup. And I’d ditch the memory stick idea.

Hey, never led it be said I’m a sycophant. I have high expectations after a year of looking deeply into this project, so when the Troon posse make any decisions that I see as mistakes or missteps (rightly or wrongly) I stick my bottom lip out. Usually I expect people to make mistakes so I don’t care when I see it, but these boys are so smart it confounds my expectations. It just seems to me that perhaps they lack the predatory instincts to take proper advantage of situations… or i’m completely wrong and this works brilliantly and we hit £1m by 26th Sept :stuck_out_tongue_closed_eyes:

No matter, fundamentals have not changed. The future is still SAFE whatever happens here. I will be adding to my investment on BttF and I hope it does make it. Still plenty of time for that to happen.

5 Likes

I agree with you, but it’s probably too late to be practical. It’s hard to change things once they’re out there.

As we both know, SAFE will get there with or without BttF, it would just be a bit simpler and easier if it were with.

Agree with your post, it is important that we are critical as well as devoted. For the sake of the cause over ego/politics. I hope I’m totally wrong and have to eat my hat!

3 Likes

Ya never know till ya try. Its harder to recover from a lost opportunity to raise a couple million bucks.

1 Like

If it will help remains to be seen, but I understand the idea of the USB.

Personally i’ve followed a bit (not invested nor played/planning to play) the successful crowdsourcing of 2 games.
Games and MaidSafe are probably difficult to compare, but who knows, maybe it can give inspiration for someone.

  1. Divinity: Original Sin 2 via kickstarter: depending of how much you invest, you get extra’s like t-shirts to your name on the title screen of the game, if you pay the most.
    Also not all the money comes from the crowdsourcing and they have done the same for the first version of their game.

  2. Star Citizen: work in progress, at the moment 124 million dollars funded… I find that a lot of money for a space simulation game. The investment there takes mostly place by ‘buying’ space ships to be used in the future game…
    You also have stretchgoals (same for first game).
    However, an important reason that it is so succesful: it is produced by the same guy of the first really popular space sim game.

1 Like

Maybe it is enough and there’s half a mill or more that was waiting in the wings and will drop for the reasonable bonus period… 1 per £2 isn’t bad… £5k in = 2500 maids as a bonus. Not at all unreasonable to suggest they alone could cover your total investment in a year or so. £2 safecoin sounds like a likely 2017/2018 scenario. Not bad as a ‘bonus’ on top of shares in maidsafe spv, considering the usual pennies on BttF would take 1000 years to be worth it in itself. I hope punters don’t mistake it for the like of their previous giveaways, this one is at least very worthwhile.

I’m whacking my last few btc in, at least I feel some sense or urgency to act before 26th now, well done for that. :stuck_out_tongue_winking_eye:

1 Like

Good for you, keepin it positive. Heres hoping this all works out in the end.

Fingers crossed all us negative-neds got it wrong :slight_smile: .

3 Likes

What Safe’s equity sale is missing is a strong pull to the get-rich-quick crowd.

For better or worse, that’s what seems to drive the successful tech crowdfunding attempts.

1 Like

As a last resort, in the last week or last 5 days, this number:

Equity on offer 6.25%

Could be substantially raised, let’s say to 12.5%.

Just an idea, without knowing the rules, regulations and consequences that might not make this possible.