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

You better believe it! I’ve already gone through their app & noted the required fields. They’re up next :smile:

Except we have no idea when this will happen, many are uncomfortable with the idea of swapping & uniswap/ETH have some pretty crazy high fees. I’m not saying eMAID won’t pose value, but it is no substitute for listing on reputable CEX—just a nice complement.

18 Likes

Bless you for all your hard work.

10 Likes

Great news on kucoin, they are usually pretty good at listing tokens early (from uniswap etc)

Except we have no idea when this will happen, many are uncomfortable with the idea of swapping & uniswap/ETH have some pretty crazy high fees. I’m not saying eMAID won’t pose value, but it is no substitute for listing on reputable CEX—just a nice complement.

It is a sufficient substitute IMO and should be the priority over CEX listings. It gets you on CEX’s anyway, connects maid to the broader crypto community with access to more liquidity immediately (uniswap volumes for maid will dwarf bittrex/hitbtc in no time, they are not great exchanges). There are lots of solutions coming out that solve the ridiculous fee issues like loopring (zkrollups), xdai, etc and having wrapped maid equivalents will be trivial once the erc20 exists.

On top of that it also allows maid hodlers to finally get some yield on their tokens by providing liquidity

2 Likes

But there’s nothing much that anyone but DeusNexus can do about this, unless you have suggestions…

1 Like

That is unfortunate, but Maidsafe is hardly to blame. The problem is US politics. I’m pretty sure people in North Korea have problems buying MAID too…

3 Likes

UniSwap crushes even CoinBase. DEXs will control the market in several years.

It’s super sad that the MaidSafe team refuses to include us in the rest of the crypto world because they will be our first users. Most ordinary people consider the crypto a pyramid and a scam, a normal person will not sell his computer resources for “fictional” money…

1 Like

Yes, many thanks @Sotros25 ! I suspect filling in forms and chasing up folks for details is not high on your bucket list! Much appreciated!

11 Likes

I think this is a tad unfair to say. The MaidSafe team are missing a massive opportunity for broader engagement from the crypto community but they are not doing this intentionally. Their focus is to build a new internet which is no easy task which I get and respect. I do however agree with you that at launch it would be a lot better to already have a large engaged community ready to build apps on and use the new internet! I do suspect once we get these bridges in place things will change very quickly though.

4 Likes

If you build it, they will come…

1 Like

We don’t but you are asking a bunch of Engineers to be something else. We also don’t do brain surgery or mars landers. We could hire resource to do any of these things, it’s all about focus.

18 Likes

I am sure, the product is everything for Maidsafe. That is all and I am gradually feel that the time is coming… :slight_smile:

1 Like

I spend months and months testing code, I have more test code than functional code. Testing takes time, a test net is only worth doing once the issues they have found in-house are fixed.

I’ve pushed for a testnet for a long time, but only to see them actual get to this stage, because at least now I know they have started the boring testing bit.

Edit: even though I have more test code, it takes a lot less time to write!

8 Likes

Do I understand correctly that once the network is ready you will focus on launching an ERC20 token?

Do you believe that with Ethereum users we have a better chance of the network being used by humanity?

No that’s never been something I have said. On launch we will execute many mini project, erc20 may be one or not. If safecoin is close then why delay launch for erc20. We have a ton of Engineering, so the team will be well employed, but then support, app development, reach beyond crypto, PR, a ton of legal work in setting up easy to buy tokens for storage etc.

So a ton of stuff in front of us, but for the current team, while we may love erc20 to exist it’s all launch, then after launch the team will be increased to take one the business aspect as maidsafe vanishes and the foundation take over. It’s a lot of work, but we will get that done, it’s the easy part. Launch is 100% of the focus of any maidsafe member right now, nothing else, purely launch. We have been distracted previously, no more :wink:

31 Likes

Vanishes? I’ve not heard this mentioned before. Will the launch team not be part of maidsafe?

I’m just wondering what that means for those with bnktothefuture shares?

1 Like

This is a strong possibility, as folk sway shares for safecoin then the foundation gets those shares. The team stay whole though and continue, just as a not for profit at that stage, if it happens.

7 Likes

Correct me if I’m wrong, but the shares cost far more than just buying MAID at the time. I suspect investors may have hoped for a better exit strategy?

3 Likes

There wouldn’t have been an exit if MaidSafe hasn’t been able to secure that investment, so those investing that way knew what they were being offered, and that their investment increased the chances of success.

The other point about investing in the company is spreading risk. Even if Safe Network isn’t delivered, there’s value in a company that can build technology using the expertise it has built up during the project.

4 Likes

The current allocation is 106 safecoins per share. So a lot will depend on pricing etc. if it’s not good enough folk won’t sell for safecoin and that is cool.

4 Likes

Thanks, @dirvine. I had it in my head that it was a 1-to-1 swap for safecoins/share. I suspect that will be rather more attractive!

2 Likes