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

What about the swiss foundation?

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Maid needs to get on some new exchanges. Emaid might be good for swaps but those pool defi’s are no exchanges, they are not good as trading platforms.

Don’t agree, seems Maid lost traded volume and liquidity due to lower interest as it has taken many years without being close to launch. Hopefully with these testnets we are getting closer to launch and higher interest from investors again.

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I really hate to break it to you, but there is absolutely no way MAID is getting on a centralized exchange, ever again. Willing to bet big on that.

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Believe the issue is in the hands of the Safe network team, let’s see what happens. Otherwise there will be no way to trade until launch when SNT should be available on centralised exchanges. Defi pools does not function as trading platforms.

High liquidity and volume on Uniswap is your stepping stone to bigger CEX (but MAID is a bitch to integrate, this will always be eMAID)

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It was told that Emaid should make it to larger centralized exchanges, nothing happened.

Right now Emaid is a zero daily volume coin on Uniswap, liquidity desert dry.
there are good reasons to be doubtful about Emaid, defi and it’s promisses to something better.

As mentioned earlier, there is a very good reason that there is no liquidity on Uniswap (I’ve actually wrote about how we can address the issue here). Here are some of the highlights:

  • The 0.3% fee tier is not worth the risk for liquidity providers. We should move to the 1% pool
  • The hedging opportunity resulted in impermanent loss for the liquidity provider (@DeusNexus was one of the providers that addressed that issue on the forum). We should remove the MAID/BTC pair on Bittrex to remove the hedging volatility on BTC and swap the trading pair to USDC/MAID or USDC/EMAID on Bittrex (the removal of MAID/BTC is now done for us).

Additionally, I’ve been watching the Uniswap pool very closely in the early days when the liquidity was high. All off the big buys happend on Uniswap first and got hedged on Bittrex shortly after. Uniswap allows US citizens to enter the Maidsafe market. The big liquidity allowed people to comfortably enter bigger, knowing they could always sell tomorrow if needed (as the liquidity was much bigger and more reliable than Bittrex). I do agree that only having Uniswap is not enough, but people continue to believe that we can start trading on the bigger exchanges tomorrow if we try to get listed, but it’s simply not how it works. Big exchanges want to see volume and liquidity first, have market makers at the ready (which Maidsafe cannot provide due to regulations). I certainly hope the community will soon realise that Uniswap is going to be the best we’re going to have in the next half year+ and depending on how much liquidity people will provide will determine if we’ll ever have a shot at getting a CEX listing.

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They may not be in immediate danger, but it is best to withdraw them as soon as possible, as Bittrex is going to wind down its operations.

I wonder how many others have been holding their MAIDs on Bittrex?

I know it is not Maidsafe’s responsibility, but every holders own, but I think now might be a good moment to send an email to as many community members from all these years. Let them know about recent process, and the state of Bittrex. What do you think @dirvine and @JimCollinson?

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One thing is sure though: I need to sell some in a next few weeks. Bad option may be my best one, and I think there will be someone to buy them.

Seems some liquidity is back, so that might work out for you.

I think Bitrex are emailing all users, we don’t know the email address of maid holders. However anyone coming to the forum would know in short time.

Hopefully nobody loses out. I wonder if any coins are stuck in bitrex can there be a way that the user gets SNT, it’s all more work and complexity though

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The initiators maybe, many of the community did nit want this and were vocal.

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Yeah, I forgot that, even though I got the email from them myself :smile:

But it might still be good idea to remind folks that this project is alive and well, likely better than ever. That their long forgotten pennies might get more valuable soon.

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What are the options now for noobs who been keeping their maid on Bittrex?

Is withdrawing it to a personal omni wallet ok? How do we do that? I read somewhere that omni wallet is buggy and doesn’t let us withdraw our maid at some point last year.

Also in order to convert to e-maid we would need to first withdraw to our own omni wallet right?

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Check out the guide here: [How To]: Buy/Move/Store OMNI MAID :safe: hardware and software wallets

Yes, do not convert (burn) directly from Bittrex.

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I have not had any problem with OMNI-wallet ever but there is also the option to withdraw to any BTC wallet or paper wallet. I always use adresses that start with a 1 because if remember correct the segwit adresses might cause problems. But if you want to move the funds in the future then the only way might be importing the private key in a OMNI-wallet and send them from there, some hardware wallets have some OMNI support also.

Someone correct me if there are any mistakes, I don’t move or trade that often so my memory could be wrong about certain details.

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BTC transactions are down to $10 from $18 yesterday,
Dont try to penny-pinch on this.

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I got a BTC address from bitaddress.org and sent my MAID there. Starts with a 1. They haven’t moved for many many years. Can see them in omniexplorer and could send them by importing private key into omniwallet but don’t need to.

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Is having a trezor better in this case or just the omni wallet https://www.omniwallet.org/ ?

My concern is ordering a trezor now might mean it won’t reach in time before 4th December

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