I have received it for several other pitches, I can see that it isn’t worth working out by my omni btc balance ;), but I guess that depends on perspective. I’ve never been a ‘look after the pennies’ kinda guy
Oh, so bnk has done this before? I assumed that it was nothing, but when I tried to calculate it, well lets say it seemed like a nice offering .
Yeah, they do it on loads of pitches. Some from the start, others because they’re struggling. There’s something about the idea of a daily dividend that really appeals to people…
Anyone know what happens if the minimum is not made will the btc be credited to your account ?
Im in doubt to invest or not maybe someone here can tell me if i miss something or not;
The maidsafe network will get a 5% maintanance fee on al safecoins but it also says this
•MaidSafe revenue is only recognised when safecoins are converted into Fiat currency?
No idea what they mean with that exactly cause what if they keep it into coins ?
If we count this all out atm 4,3 billion safecoins will exsist but already 452,552,412 MAID * exsist
so that means 3,847,447,588 safecoins will be created. 5% will be maidsafe maint fee so thats
192,372,379 of wich 6,25% will be into equity payouts thats equil to 12,023,273 they are asking for a price of
€2,313,877 and one maidsafe now cost on average €0.075927 atm so that means 30,475,022.
So based on the maint fee only if im thinking right it is not a great investment
But they have some more additions
- Part of the 10% apps for networks funds.
- Selling licence for 1% annual cost , but they expect that to be only 2% of the total price by 2019
But how will maidsafe earn from the paas and laas market any idea? Im not formiliar with this.
Yes. Make sure not to send is directly from an exchange. Use an address where you have the private key as well.
It’s not revenue as long as it isn’t real money I think. So when they sell some of these coins they can count it as revenue. These coins aren’t created all at once. The 5% are paid to an address when coins are farmed on the network. As farming goes on 24H a day they might have a steady stream over time.
EDIT: Check this link as well
That still make me choice the coin over the equity, cause i think at this point that is were the biggest profit lays.
Ofcourse i wanna support maidsafe but looking as a investor i can see the coin reach much higher. maybe someone thinks im wrong and can give me some good examples to change my mind. Im atm afraid to sell my maidsafe and if the min is not made not be able to buy back even close to what i need to sell atm. That would be really sucks, also why i dont understand they dont accept maidsafe, cause no one will lose if the minimum is not made.
Also maidsafe is aiming to compeet in the Paas and Iaas market, but im not really formiliar with this and i wonder how they can earn with this cause isnt this a service of the maidsafe without cost already ? Or min cost of safecoin ones?
The Laas and Paas market are 52bn in total of wich the coin can take advantage much more then the foundation if im right atm
I see it differently if the min is not made you will probably buy more back than you sell now to invest. There will be some panic selling if the min is not made so you should get them cheap. Just my guess… Im betting big on that theory.
Without Maidsafe, Safecoin won’t be worth much. So theres a pretty direct connection there. Supporting Maidsafe will in turn “support” the price of safecoin. This also goes the other way around, but not much imo. What Maidsafe needs is the price of Omni to rise (i think?), but you can’t help with that I guess.
Another point is: Equity are also more “real” things. Patents, for example. With those patents, there’s even the possibility for revenue if the Safenet utterly failed. Cause they could use their technology (e.g. self-authentication) without a safenet. Coins are, on the other hand, part of “market dynamics”, which means they might aswell plummet and you lose money. That won’t just happen with maidsafe. Although I must admit, I don’t think this will happen.
Your calculations are not correct, if I understand them correctly. The 5% are a revenue stream, which is basically infinite as long as the Safenet is running. Infinite in the sense that there will always be 5% revenue, but it is unclear how much the 100% will be… Also Maidsafe won’t earn those 5% forever, because they will encourage competition, for the sake of a well-maintained Safenet.
To be honest, investing in MAID seems tempting. But then again, imagine if the Safenet is a success, the value of MAID rises to say, 10 dollar, and then stays at that price for the forseeable future. If you sold your coins, you would make a nice return - and then what? Maidsafe will continue to grow, produce fantastic products (and get revenue for them!) and start paying dividends to their shareholders. Of course this is all speculation.
Also an interesting point Polpolrene made: You will get 1 Safecoin per 2 Pounds invested (Until the 30th I believe), which means IF Safecoin rises enough in price (to 4 pounds - Idk, maybe my logic is flawed?), and you sold your 500 Safecoin, you basically got your investment back, but you STILL held equity.
I invested in both, because I see it from a holistic point of view.
I do not believe, that there will be big dumping or pumping after it the minimum is achieved or not. It is more than 90% clear that minimum will not be hit. So if there were any dumping, it would already happen or will hapen before the end of fundraising. And since price dropped from 0.00020 to 0.00014 with very small resistance, market is counting with the failure already. Sure, it can dump more, but price manipulation always happens before the “news” come.
Anything is clear, it´s just 100% your gut feeling. Can´t say that the development looks promising atm, but if there is one big investor spending 100K in the project at once, everything can turn around quickly. So why don´t we keep statistics where you can actually apply them. Also your interpretation of price drop as a rational expression of failure expectation doesn´t match your (imho correct) assesment of what is currently happening (manipulation).
I wish all investors and Maidsafe good look and strong nerves. Keep working on PR, reach out to multiplicators anf everything´s gonna be fine.
I also wanted to say that I like the incentives, especially the USB drive, dunno why it got bashed. A real token! Not some “digital” stuff! I’m happy about it .
For license deals, consulting and Engineering solutions the coins won’t help here. It will require solid business models and delivery of services. Many of these markets may “hide” the coins or even not use them. The wider Enterprise markets do not operate in the same way consumers do. So there are likely several differences and partnerships that will become apparent over time.
Considering only the consumer market can be argued would be a mistake, although it’s absolutely our driving force for creating SAFE. The technology and skills are extremely transferrable to Enterprise markets though.
I think the Paas, Laas and even Saas markets may be a small component of the Enterprise opportunity, but we will see.
I wonder what would have happened if Maidsafe the company had issued tokens that represented stake in the company rather than going through BTTF. I feel certain there would have been a far greater amount of funds raised so far. I understand that it may not be as legally binding to do it that way. But as most crypto enthusiasts are anarchists at heart that would not have deterred most of us.
Slowly, steadily, but still not fast enough, I’m afraid…
Raised so far €306,738 / €2,313,877 (13%)
I guess that this would have raised severe legal issues. Not for the people who buy shares, of course, but for the company.
It would raise the same legal issues as Bank to the Future, but MaidSafe would need to set everything up to address them, which has already been done by Bank to the Future.
I still like the idea, but it would likely be a lot more effort than offloading the admin / legal tasks to a platform that does it regularly.
I dont agree on this for sure, cause yes you have your money back then and doubled at 4 GBP that you invested, but if you keep all your coins you would have a rise of lets say 60 times from this point. Btw im bullish on this coin but i think a market cap of around 13 bn GBP wont be made any time soon. Dont forget you will have to sell your maidsafe for 0,07GBP, so if i invest i still rather wait till the last moment cause i think around that time the price of each maidsafe can be already higher so you get more equity, the safecoin they offer are great specialy for the ones already invested.
How i see this they offer every 2 pound 1 safecoin, for that atm i need to sell (lets say maidsafe price of 0,07GBP) 28.5 maidsafe to get a extra 1 back, So that is a profit of 4% extra (great deal dont get me wrong) but maidsafe just dropped from 21k to 14k thats about a 50% increase from here. that means 50% more equity if it go back there. And that would be my point to invest,
If i had some spare money i would def. invest but im not really happy with selling my Maidsafe or Factom for the equity.
And i think many people see it this way thats why it goes slower then expected.
Well, I agree, if your main focus is on revenue and you’ve already invested all you got into MAID and FCT, theres (imo) no point in selling to buy equity, especially if you don’t think Maidsafe will become the new Facebook or Google (which it won’t, let’s face it).
I indeed believe that it wont become the new facebook or google, but if its more safe and cheaper they can run on the maidsafe network ;).
And yes i believe maid and fct will be able to get the biggest gains in the crypto world.
If I ever need to raise funds im coming to you hah.