Almost. I clarified in the comment you quoted after the word ‘edit’… basically, according to RFC 61, 30% of 4.3bn will be issued at launch, with;
10% claimable by MAID/eMAID holders
5% claimable by shareholders, released in 3 installments throughout 12 months from SNT launch
15% in the Royalties Pool
The amount truly in circulation will depend on the proportion of MAID/eMAID holders who claim SNT, the proportion of shareholders who claim SNT subject to vesting, and the rate at which the foundation uses the royalties pool (David’s comment a few posts above says the intention is to use this very slowly over years for App and Core dev rewards).
This likely means that initially under 10% will actually be circulating, assuming some MAID / eMAID holders don’t claim immediately / at all, and some shareholders don’t claim immediately / at all.
After launch, the rate at which the 70% remaining tokens come into play will be significant.
If Filecoin’s market cap were equalled at launch (maybe not likely, but possible with a bit of hype etc), and 10% of eventual supply were actually circulating, it’d be $6.40 per MAID, so that would be tasty
Hard to conjure up a number, but I’m positive, much like with the early btc that came much too easy, there is a certain number of the original ICO buyers who don’t even remember they have ever had MAID.
Then there will be a portion of those who will vaguely recall something to the effect of MAID, but they won’t be able to retrieve it due to forgotten private keys / lost access to their omni wallet.
Read an article a few years back that 20% of all BItcoin is expected to be lost. I would expect similar numbers for Maid, 15-20%.
So trying to make it eaiser to get an overview.
All numbers aproximate.
At launch SNT supply 450 000 000 10% of total
4 month after launch +75 000 000 1,666%
8 month after launch + 75 000 000 1,666%
12 month after launch + 75 000 000 1,666%
(+) Core dev/Royalty pool unknown, maybe not so many % as expected value of the royalty pool at modest $2 would be very huge $1.3 billion.
(+)Unknown minting through farming
After 12 month the supply would be 675 million SNT + unknown core dev/royalties + minting through farming
Anyone would dare to guess how much would be spent on royalties and to core developers in the beginning 1-2 year? Even spendening $ 50-100 million in 2 years is quite much if not building a Safe OS or something.
Get the feeling that farming will contribute as the largest source for inflation the first years. Yet unknown to even speculate in how many % will be minted through farming the first years.
But the market might see it as 30% of total supply exists at launch even if the real number is much lower?
The last I can remember that’s currently the case for the 70%, but 15% will be available in the royalties pool for the foundation to spend as it sees fit, in addition to the up to 10% from MAID/eMAID holders and up to 5% from shareholders.
And so ends my brief but somewhat profitable relationship with HitBTC.
Final withdrawal went as it should and they only charged 461MAID fee. A rip-off, just not quite as much a rip-off as I feared.
Just had a quick look at maid vs the btc price. Not a good looking chart. If a beta launch could take us into a new all time high in btc we would see a maid price of over $12 with bitcoins current price. All time high for maid was 0.000282 btc.
That seems very possible with a stable beta network launch.
