Have you considered selling some of the coins off-exchange at a premium to market price so that it won’t depress the price, and bidders can know that any money paid will go directly to MaidSafe to be used for their benefit?
It seems counterproductive to suppress the price on the market, get less for the coins, and pay exchange fees. However, it is easier & quicker to just put it on an exchange!
People won’t by off exchange at a premium, there is really no motivation for them to do so. We have spoken with a couple of parties about bulk off exchange purchases and they are always at a discount to market rate.
we went from 6,7 cents 7 days ago…
To a top of 10 cent today…
That’s over 30% rise in 7 days. But hey, that’s not a rise is it?? So far for the “people are scared”. Not that I really care for the daily ups and downs in price. But it’s like saying the stockmarket didn’t dip after brexit 
.
It’s 4% of total coins in circulation (not much). Many holders with large amounts.
Yea no wonder, did you see the btc rise ?
The Fact that only 4% is in circulation doesnt mean anything good, cause that means the dev going to sell there coin is a high % compared to that.
No 19 million is 4% of the coins in circulation. AND sale of that small percentage will be staggered.
Ok - good to know it’s been considered.
The motivation should be that people can buy a good quantity without pushing the price up during their buying activity. Buying 200 BTC worth of Maid on Poloniex in one shot would put the price up to 0.00014, so an offer to buy 200+ BTC of Maid at 0.00013 should be attractive to a big purchaser.
Given the daily trading volume of over 2,000 BTC, I’m surprised that there is nobody interested in this.
Ohw, so now there was a rise? Few replies back there wasn’t ;-). But saying the price of MAID depends on the price of BTC is like saying the price of wheat depends on the dollar. There is some sort of correlation at certain times (like all crypto’s going up or down) but ETH went from 0.9 usd to 20 usd while being traded for Bitcoin as well. Was Bitcoin the cause for that rise?? Don’t think so. BTC doubled in several months but MAID went from 1.1 cent usd to somewhere 12 or 13 cent at it’s peak. These coins move independent for the most part.
Uhm, are you really serieus? Ofcourse the price of Maid depends also on the price of Btc.
Yo dudes. This is sillyness. Just because it opened in China doesn’t mean it’s going to rise instantaneously all markets are watching the brexit. If the British start hedging from their current currency crash bitcoins rise will put maid safe on the back burner. So quit the arguments all indicators are still solid.
Large red candles initially indicate that people are actually buying maidcoins which signify that the market in China just got their motor turning it takes TIME for a market to reach equilibrium and it’s only been a few hours.
so let’s sit down, shut up and hold on because the next 24 hours are going to be intense.
Yes we need to consider everything carefully, which we always do.
Regards traders, the example you illustrate is not our experience. Traders are looking for a significantly bigger discount than what you suggest, normally around 10%. Traders trade for the money, I can’t see why they would pay more for something they can just go to an exchange and buy for less. I also think that most are not really too concerned with their impact upon the price. It’s great for them if the price goes up, especially if they are large holders.
The other consideration is that there is little guarantee that whoever you sell to won’t go and dump the coins. At least if we are doing in we know it is being carried out in a considered way.
The other issue that will impact the Yuanbao price is that it is not currently possible to withdraw MAID. That feature will be enabled tomorrow apparently. So I would expect over the coming days for the Yuanbao and western exchanges to get a little closer to parity. Only time will tell though.
Chill, guys. Most of Chinese traders are sleeping now. 
If withdraws are disabled then there’s no way to move capital around but to sell.
Another option would be to sell the coins in large blocks at a slight discount to market price, with the stipulation that they won’t be resold for a set period of time (say, a year or two). Discount compensates for the stipulation, and market pressures remains unchanged. Legally this could maybe be done through an escrow account or something like that (not a lawyer).
It may also make buying collectively / through a pooled fund possible. If I could buy MAID at a 10% discount but had to hold for at least a year, I’d do so. I can’t drop $1M, but I could buy shares in that entity holding the funds (an LLC or SPV maybe), to be redeemed in MAID in a year (or two or three, or staggered …). Yes this sounds a bit too much like the DAO, but legally, technically and in all other non-psychological ways it would be 100% different. And fairly easy to make risk-free (just a standard SPV set-up and standard contracts governing release of MAID).
It’s only 4% of coins in circulation, but a lot of people aren’t actively trading their coins. So say 20% actively trade, that means adding 4% of total supply to market = 20% increase in traded coins (4 / 20 = .2), which is extremely significant, especially given the sensitivity of these markets.
I still fully support the dev team’s plan, btw. I just think the ramifications need to be thoroughly digested before doing so.
Also, no idea what percentage of holders actively trade, so the 20% above is just a guess.
The supply Maidsafecoin is ten times smaller than Safecoin. Is Maidsafecoin’s exchange rate and market cap representative of Safecoin’s future exchange rate and market cap?
I looked at Poloniex’s hot/cold addresses the other day for someone and it was like 120 million MAID in the exchange. 1/4 of MAID was in Poloniex available for trading, and that seems like plenty.
The 19 million to be sold would represent less than 16% of MAID coins on Poloniex alone, and if done over a year then at any one time there would be less than 1% of Poloniex amounts and much smaller %age of daily trading.
Just now the last 24 hours has seen 2640 BTC worth of MAID trading (~20 million MAID). So if they are smart then 100,000 MAID over 24 hours is a drop in the bucket so to speak.
As I understand it, it would take a very long time to get to that supply cap and if that happened SAFE would be so ubiquitous that no one who invested for pennies now will be complaining. If we ever get to that cap then it will be an exciting time to see the additional supply cut off and the value really rocketing. 
