MaidSafeCoin (MAID & eMAID) - Price & Trading topic (Part 2)

I want to plan buy more coins I have limited coins so I don’t know how exchange process will work… Will safecoin of 90℅ supply is coming in beta launch? Can I buy direct safecoin in future

No 90 % is coming in beta.
We currently have 10% and that will stay the same until launch at which point there will be another 5% created at most.
The other 85 % will need to be farmed.
You will be able to buy only on exchanges till launch, then also on exchanges after launch.

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Worth noting as bones said the rest will need to be farmed.
The farm rate will depend on how much the network is storing aka usage. If we really get to a point where 50% actual emission has been mined from farming maid will have become frickin h u g e

would 50% roughly equal mass adoption i.e. billion+ active users? Presumably the supply curve will halve/tail off over time too so that the mining process is gradual vs the adoption curve

Thank for asking haha, people really do like my comments after all it seems :slight_smile:

I’ve been looking at the bigger timeframe where I noticed a strong shake-out when the price fell to the ATL or just above it. Some new entity was lucky and got his bags filled while price returned up again.
I consider this event ‘the spring’, where a big holder got shaken out (either by choice or accident, read price suppression) and that’s exactly what capitulation needs before price can start to rise up again.

WYCKOFF


Simple Wyckoff Overview of the above explanation.

MAID/BTC WEEKLY


Now the latest weekly chart on MAID/BTC with the same logic applied, the intermediate target is 4030 satoshis (0.00004030) as this is where the distribution range extends to after breaking the very long-term distribution pattern.

Price should double in matter of months if not a few weeks, but above 2260 will only the real fun begin. The setup however looks perfect and if I had to choose between all the many projects out there this would definitely be one of the more reliable ones based on from how low it comes and the fundamentals about how much this niche can still grow.

As you can see we are still at childs play, long-term holders are really happy about the current price increase and might want to sell but whale know that real potential lays a lot higher, starting from 7789 satoshis (0.00007789). Quick calculation from current price at 1594 tells we are still up for a whopping 489%+ increase from here in MAIDBTC.

This was your crypto news reports, over and out.

EDIT:
If you want to follow this chart with interactive updates you can use the follow link to the public chart and see how it updates over time:

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I very much appreciate the comments! :pray:

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Its more a case of - the expected outcome is that after a period of time (? years) that there will be balance point between purchases of resources and all rewards. Obviously this an “on average” situation.

The reason is that due to human intervention of market prices that farmers will somewhat parallel the purchases, with # of farmers happy with rewards price and the purchase price will tend towards some factor of storage costs and utility valuation.

In this situation minting/mining does not seem to be valid terms since the original unused coins will have been reused many times over (except hoarded ones)

I love it :smile:

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Nem was among the pioneers in proof of stake, it started as a fork from NXT which is basically the first implementation of a pure Proof of Stake.
Nem developed the NIS1 blockchain (XEM) which had one of the fairest distribution of tokens at the time (in the bitcointalk forum, this is that old), which solved one of the main criticisms of the economic imbalances of other PoS models (the richer hoarding and getting richer), so they innovated it further with their proof-of-importance which balances the rewards based on the level of interactivity with the network rather than just calculating it based on how many tokens you are staking.

Nem as a company and as a foundation was very good at making partnerships and connections in the very early days, these guys were talking to governments back when the word cryptocurrency was still a joke. I still remember when these guys managed to get Nem and Ethereum as the only two cryptocurrencies of reference in an official report made by the ministry of industry of Japan, circa 2014. (And infamously it was the selected blockchain for the official Venezuelan Petro token)

But this is already an old technology.
Last month they launched their next gen blockchain called Symbol (XYM), this one is gonna be worth keeping an eye on. If I judge them by their marketing proficiency in their past, it is very likely that we’ll see some announcements about partnerships with some high profile companies pretty soon.

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Holding steady, no new tokens flowing to the exchanges. We’re true holders are we?

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Maybe I will sell some SNT when Elon Musk comes out and say that all Tesla car will start farming for SNT and all your car datas will be secured true the Safe Network.

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It would be pretty cool if starlink satellites could be setup as safe network nodes too! :sweat_smile:

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:gem::raised_hands: Why give up so easily after holding for soooo long.

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I can’t even contemplate for holding something for 3-7 years and deciding that this is the point in which to cash in. This may end up having an ethereum like run and while people have different reasons to sell or points at which they will, I hope all the long term holders realize that just Bc we have all been waiting years, inning 1 has not even started yet.

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Everyone’s logic is different, I can’t understand hodling for 7 year without taking some profits and rebuying the dips.

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Never worked for me for bitcoin.
Not making that mistake twice.

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No promise of percentage based dips based on taxation.

No promise of a rise either!

I sucked at trading btc, but from my experience, the key to trading successfully is to have heavy bags and empty them over time.

Well that’s a different story if someone decided that $1 is it and we are done.