How will the native token be introduced into the network once developed? How will they be able to coexist?
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Are you going to double the money supply by creating inflation to give a native token to each erc token owner and let the market decide? Because I don’t see any other way to do it.
If the other option was, whoever wants, to exchange the ERC tokens for native tokens 1 to 1 and burn the ERC tokens, I don’t think anyone will change them, so the native token will be stillborn.
Let me explain, since there are two tokens they will be quoted at different prices, let’s imagine that the launch goes well, the network works, grows and the price of the erc token reaches a high valuation, who in their right mind is going to exchange that token for another one that nobody knows how it will perform in the market?
The logical thing would be to wait and see how it goes, and if the native token exceeds the price of the ERC token, then the 1 to 1 exchange would be carried out.
Therefore, if we all wait and no one exchanges it, I don’t see a future for it.
I’m sure I’m missing something… opinions?
Well, I think it depends whether you think the features of the currency are most important, or what it represents.
A fast, private, scalable, digital currency is certainly desirable. It’s what ignited the imaginations of those in the crowd sale, when everything in the space was about cryptocurrency. Bitcoin has long become thoroughly established and entrenched though.
However, even with a less feature rich digital currency, you can argue its value would still be derived from the underlying data. That data has value and essentially backs any currency associated with it.
So, imo, both routes have potential for high value. Combining both is preferable, but the primary network feature is data storage first, currency second.
My prediction: I believe that if the ERC-20 token launches in January with a clear and solid plan for transitioning to the native token, more people will be inclined to hold onto their tokens, waiting for the native release. This could drive demand and push the price higher.
However, if the ERC-20 token is launched without a coherent plan and solid commitment for moving to the native token, some holders may be more likely to sell any extra tokens after conversion due to a lack of faith in the project’s direction, which could limit the price growth after launch.
Yes they will. This was already announced around half a year ago I believe. Had something to do with the security of nodes generating tokens which they weren’t comfortable with.
So how will that affect current supply shown at coin tracker sites, will current supply be 2.2 billion at launch? Or will not all of the 2.2 billion be available as current supply, even if they are minted not all supply will be in circulation?
Looks like we’re #1140 eMAID crypto (on Coingecko). (Actually #5000ish out of #10000ish on Coinmarketcap. Gecko has hundreds of pages, but stops ranking after #5259. Are there really 4000 questionable cryptos ahead of eMAID, that Gecko sees to it to filter out?)
Seems like everything below #750ish isn’t getting a price uptick as consistently as everything above it is. When will we reach top750+? . Either way, it feels like there is inevitable pressure building upwards – as this sideways inaction below 40-cents is temporarily taking hold.
I’ve been watching videos about BTC being mainstream adopted, as the 4th and final (major) upwards momentum since its creation. Something about a “banana chart” happening in the near future, or in other words (since finding information on the term banana chart just results in banana coin stuff), the middle of the S-curve kind of concept: super-growth. I feel that eMAID will be riding that somewhat, sometime.
Market cap is calculated wrong because it is only calculated with Emaid in circulation but should be calculated with the same supply as Maid, because Emaid is a representation and derived from Maid.
That causes the problem you highlight, that it seems like Emaid is whatever xxxx rank when that is false.
I have tried to highlight the problem for years, no success yet in getting someone to listen and fix the problem.
But now it is so close to launch so it might not matter anymore. Market cap and ranking will become higher when the new network ERC 20 L2 token is launched.
I think the reason why is the team has been focused on getting this thing off the ground. We are nearly there. This will be dealt with for sure. First things first.
Traders should get some profit from this general crypto bull run to eventually buy it back up.
And I’d hope that they’ll be buying even more than before, since there’s always been the stipulation that “not that much volume is needed” to buy up the MAID/eMAID price; so with traders having more money in the near future, that stipulation can be more readily fulfilled.
I’m sure devs are hard at work now in the background, correcting themselves from any backlash.
Not too worried. (Unless you asked me 5 minutes ago, before talking myself out of it here.)
. Either way, it feels like there is inevitable pressure building upwards – as this sideways inaction below 40-cents is temporarily taking hold.