This is basically my take as well. I see a lot of compromises and tough decisions being made by David and the team and that’s ok. This is an extremely complex and innovative product to develop and release into the wild. It’s not like it’s going to be ready to go all at once with everything put perfectly in place. It’s going to be more of a release process. I do think the native token is ultimately going to be essential to the success of the network, but if there are good reasons why it’s better to wait (and it seems there are) then I can accept that.
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Even though it kinda hurts that we’ve gone this deep, it was to be expected, as I mentioned in my post on June 26th.
We lost the $0.56 level, instantly dropped below the $0.485 level, sweeping the $0.43 in the process and got pixel perfect rejections from the $0.485 twice.
We then tried to hold the $0.43 level and failed. That was the moment I anticipated the $0.27 sweep, which just happend. And I’m actually glad it finally did, as there would be no momentum upward untill we did.
This is an extremely strong level, combining a strong volume profile (a lot tokens changed hands at this level) with the outbreak level that started the bullish trend.
I’m already seeing strong “demand” (because lets face it, it’s still mostly the marketmaker looking at the onchain data), creating a perfect bullish momentum candle that can reverse last months trend. Keep an eye on the same levels when moving back to the upside, $0.43 first up.
Not financial advice, but in my opinion there is an over 90% chance that the low is in and I will personally be agressively accumilating again at these levels.
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Lack of interest isn’t the only factor. 20 is too low. Buyers who have been interested at a certain price point will at least keep it afloat, at the least, if not bringing it fluctuating back up at a higher-than-20-whatever cent-range until it stabilizes around 32-35 cents—before non-lack of interest happens again, especially in October or, if an interesting update happens before or after the 1st, which will then bring it up higher … in tandem with any potential heavy general crypto market cap increase (which trickles down seemingly randomly when it comes to [currently] lower-ranking cryptos like e/MAID), as conveyed in my prior post.
So long as native token reinstatement becomes a priority in 2025, then we will again be a contender for top ten project … until then all bets on token price are off as far as I see it.
Would be nice too if we can have temp data - that would add a lot of realism to the project and open up a much larger market for data - as paying for a period of time is the common way of doing things in data markets. To only offer permanent data, which is not even widely tested, is shutting the doors on a lot of potential business.
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When you make such statements, it’s your own perception though. The market doesn’t care what you think or I think. There are support levels, which can easily be flushed away.
The price has collapsed now to less than 0.25 cents. I would not be surprised to see a bigger flush coming. The fact is that the market has made lower highs each and every time. If it goes to stupidly low price levels I will buy a bit more but the suggestions of a massive take off in price were wildly optimistic given what is happening with this project.
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So did anyone definitively come back to the Community and state clearly and unambiguously that work will commence on implementing the native token once the January launch has passed?
I looked around but couldn’t find a statement of this nature. Any help?
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I think this lack of strong commitment is partly why the price is dropping.
The market price thinks ahead - strong guidance by the team is important - especially now as we move toward launch. So I hope they start to take this aspect of project management more seriously moving forward because it’s becoming more important.
There is simply no excuse for no clear, direct, transparent and most importantly honest clarification on this particular point.
All commercial reasons aside not addressing it leaves you with a room of folk smelling perhaps not a rat but something off.
A simple clear statement will solve this.
Maidsafe are here because of their community (thrice over) and their community is telling them something perhaps minor, perhaps large is off.
History tells us this sort of thing is addressed straight up in the true Scottish manner, no BS and perhaps painfully direct but in the end honest. It’s the reason we’re all still around.
So what’s happened here?
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What if it’s just that people with good bags, with years of experience in the project, are selling their bags because they don’t like the new updates???
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David did talk about his current work on the transaction data type which is forming the basis of the native token. Basically work has started.
I make no predictions on timing.
I would say that there is no clear statement because the focus is totally on getting through to launch, and since David is not on that path, he has been working on it behind the scenes
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Perhaps, but I’m not making the above comment because of the price. I understand it’s a topic for that though.
Communications have become selectively opaque as we’ve moved towards launch. Not criticising the launch approach, the effort, the price or anything other than the iffy way these harder questions have been responded to (in other topics and discord).
Let’s break it down, why can’t we have that simple statement addressed? I acknowledge what @neo has said above but it’s not on David to address this and other questions that we’re not getting straight answers on?
It’s not hard, make the requested statement and restore faith, or don’t 
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Its not all doom and gloom guys.
For every person thats is hesitant about the project today because humans are mostly apposed to change there will be 5 tomorrow that get excited about it because its new to them and the best thing since sliced bread.
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Nah not a doomer and you are right, the machine rolls ahead with or without us.
It’s simple:
work will commence on implementing the native token once the January launch has passed
The network fundamentals are no longer as stated
Just say it. It’s not painting folk into a corner, it’s not a legal minefield (always curly though)
1+1=fish though, I get it…
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You’re welcome:
“The strategy around the launch is three steps: Test, Network, Native Currency for payments.” @maidsafe
“the guys (hopefully with some scale to help adoption) will then deliver the next/final phase which is ‘Native’” @Bux
“The native token, as has been said several times will continue to be worked on.” @Bux
“We will get there, but first we get data protected.” @dirvine
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Thank you for the update! It’s great to hear that the project is moving forward, culminating in the launch of the network token. I fully support the team’s direction, as explained by David, this pragmatic approach will speed up development and adoption. Together, we are poised to not only achieve our objectives but also to drive innovation and create lasting value.
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The big issue for me was when @Bux was first appointed she advised she would advise the Shareholders how we could sell our shares through coin transaction and how to deal with the associated tax.
Nothing came.
Then a few weeks ago, it was suggested by Bux that the shareholders info was imminent.
Again nothing.
IMO if something was going to happen for the shareholders which should suggest success for everyone, then this information would have been received by now.
We are actually building a dedicated website for shareholders at this very moment. It’ll walk you through the timeline, the steps involved, and what you’ll need to do come the time.
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Thanks Jim……I don’t know why this information has not been provided previously.
What kind of timeframe are you looking at.
Appreciate your reply!
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TBH, the technical approach (the way you will receive and hold your tokens) to the payout has changed, and is now finalised, so we can go ahead an make the guides for you. If we’d have done it earlier it would potentally have lead to confusion and a more stress for you all, so it’s been the best approach.
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Many of us are likely experiencing “patience fatigue” right now. After years of emotional and financial investment, the recent compromises and delays have been tough. It’s perfectly normal to feel a mix of emotions—cognitive dissonance is real and shows how much we care.
Let’s keep our heads up. We’ve come this far together, and our resilience is our strength. A launch is in sight, and our collective patience will pay off.
Remember, the launch of the network isn’t the finish line—it’s the starting line of a new journey. Once this is out in the open, we’ll embark on an exciting new phase.
Stay strong, Autonomi community.
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