Important to remember that as nodes leave the network the tokens paid increase (although the cost for storing also increases) … so there should be an incentive for nodes to stay at some level - a balance has to be reached.
I hope that such can happen with storage cost rates at a level people will find affordable - that’s the big question. If we can encourage people to run nodes for lower network rewards then we can keep the store cost down. Perhaps there are other ways nodes can be rewarded? – maybe via apps on the network paying them too for supporting them in some way. I dunno - just thinking out loud here.
Maybe way off base here but personally I’ve been frantic to get more nodes online to compete because nanos are so scarce rn and want to be in position once data starts really rolling in.
I do agree nodes shouldn’t be sitting empty too long too because at some point it just doesn’t seem worth any hassle. Having just some spare resources, no biggie but when you want to contribute more but get no reward it does make you want to scale back for sure.
I guess the other issue is not enough nanos for us to create a market for ourselves. If we don’t have spending money to store, or trade etc then it really is just hoarding or eventually giving up.
Not trying to encourage the latter of course but I do hope rewards get dispersed more readily by more data going online soon!
Yes, and the real world value of a nano will increase too, if the network continues to grow after launch.
The most difficult part of Autonomi adoption is finding the right economic balance.
I think we will find it.
After the idealists like us, who would run nodes for free, at least I will, some kind of economic incentive must feel right for people who want to contribute, but not for free. It’s human nature to get rewarded.
All will be good in the end, look how far we have come. Adjusting, fixing and finding a balance is what beta is for.
So I’m about to burn a tiny MAID to get eMAID to make up for some wildly uncommonly pithy paychecks lately, because it looks like there are literally 0 places (for the US) to trade MAID anymore, not even Changelly etc. etc. type places (as all of these type of sites seem[?] to be transitioning to a new software maybe, where their dropdowns list every single crypto in existence; and if it’s not part of their actual database, it doesn’t calculate exchange rates properly, including the MAIDs). Heck, I should be researching places to trade eMAID here before converting, because maybe even that will prove to be impossible. Also, I just saw it takes 48 hours for eMAID to get to you through the official burning-MAID method; can’t complain, nothing too major, just interesting.
edit: Wait, did HitBTC just drastically update their website?
They might have gotten rid of MAID. And looks like the US can’t trade there (anymore?).
(Looks like MAID might still be there. Definitely can’t trade in the US.)
Anyone want to trade my 365 MAID for BTC? I’ve only been here 9 and a half years, so I’m not very trustworthy. Maybe there’s an escrow to use. The future is yesterday.
Like/Retweet posts on CMC, Coingecko, Twitter, Discord, etc
Comment using hashtags,e g.: $MAID $EMAID #AUTONOMImaidsafe
Search relevant words using search engines and scroll down until you see the relevant links then click on it. This will increase the position for our pages and rank them higher for SEO. E.g. on duckduckgo or google, type emaid and scroll down until you see page from the community, coingecko, cmc, etc.
Talk about it on other platforms so people get to know about it.
Other things that help are:
Provide liquidity on CEX or DEX by putting sell or buy orders or LP range(s).
Help community members out who want to obtain eMAID, or sell their MAID in case they don’t have access to exchanges or KYC.
That’s a fairly small amount for a BTC trade - given BTC fees. Perhaps if you offer to trade for ETH, maybe someone would take you up on it? I dunno, it’s not worth the trouble for most I reckon – just being straight with you.
To be honest I have no idea of the inner workings. They must have some algorithm or predefined news channels that they have subscribed to. I can imagine they run AI for how relevant and impactful an item, however that’s just my own speculation.
I did some TA previously a long while ago, can try to actively share some charts without specifically trying to predict the price. That would definitely attract more investors if they become aware of it. Telegram seems pretty saturated with people already taken positions or you need good friend/recommendations about projects for them to start engaging. On Tradingview people more actively look for new opportunities I can imagine, that’s also what the platform is made for.
This is the topic for maid/emaid price, looks like you posted in the wrong topic. You can ask the mods to have it moved (for instance, the topic of the beta). Just my two cents.
If you look back I predicted the drop after the sharp rise would see the price drop to the very low 60s
So the reasons are normal market movements when sharp rises occur and also what @Dimitar posted is the reason why this last stages of crawl back is occurring now
I had a look at the token issuance, and it doesn’t look like there have been main eMAID minted in the last month (1,405,570), so even if there’s been some issue here, it shouldn’t be too devastating for the market.
When I saw that announcement I was scared I’d see 500m eMAID minted this morning… thankfully not!
I expect it’s just as Neo said; price dropping back after a big pump along with hype around the Beta launch.
I expect that later in Beta, if it progresses well and starts looking more like a ‘new internet’, with user uploads, better UX, websites, proof-of-concept apps etc, hype will increase again, and the price along with it.
