Maybe my questions weren’t so dumb after all.
Thanks for the clarification, can’t wait to see the pitch. I tried to register tonight but I’m told that my real name can’t possibly be real… little strange.
My surname is kind of weird but I have never been told it’s not real.
Most of the pitch videos are pretty painful to watch because almost everyone sounds stilted and robotic reading from a script. Don’t worry, I’m sure yours can’t be as bad as some I’ve seen on there, a few that were just too toe-curlingly painful to sit through
If Maidsafe ever needs to do an animated explainer video, I’d recommend checking out the Amsterdam firm Hypercube. They did the explainers for Factom, Lisk, Shapeshift, etc, and they’re very economical.
For a spell there I was weighing the pros and cons of an investment in Maidsafe vs. an investment in MAID (which I’m already invested in, obvs). And then it occurred to me: Who cares? This is an opportunity to directly support the team that made this all possible. I personally can’t wait for the BNK round to open. Whatever is a better investment qua investment, I’m looking forward to the opportunity to support Maidsafe—as an investment, yes, but also as a small way of saying Thanks.
That’s exactly how I view it. I’m not sure how it’s going to work though, I spent some time looking at what happened on there in the past and it seems like many folk secure the full amount from as little as 1 investor.
While I would love to support the project directly I am waiting to see what the minimum is or if priority goes to certain high net investors. I sadly don’t have a couple of million laying around
Edit: That’s the impression I got, if anyone knows the details, please share. @Jabba do you know?
I think the min investment is £1k. Every will have the same opportunity here!
I’ve only seen Kraken and Bitpay snapped up before I could get in and with both only asking for around $100k it’s not surprising. Generally you get a bit of time and even if they hit the target most will go to overfunding and sell more shares.
They usually have ‘a’ and ‘b’ shares with min $1k and $10k respectively - only difference is usually voting rights, that might not be applicable for maidsafe’s pitch though. You can’t invest under $1k I don’t think.
It’s hard to know how quick a couple of mill could go. I guess it would depend how big the publicity leading up to it is and what the terms are, as well as what else is coming out and attracting the floating capital next month. As you say, it only takes a couple of rich guys who want to put 7 figs in to snap up the opportunity. There’s no priority given, it’s all first come first serve.
SAFEnetwork still isn’t a reality yet though. I’d be surprised if 2m got chomped through that quickly tbh. I should imagine you’ll have time to get in, although it’s worth sorting out your account and docs in advance.
The crowdsale only lasted 5 hours, in which 6 million was raised And after DAO receiving 150 million during a crowdsale, there’s not much that can surprise me anymore
Yes, but that was when SAFE was new to the world and it was the first opportunity to invest in it ;). Most people that know about safenet and understand it are already invested in MAIDs at this point.
Don’t get me wrong, it could certainly fill maidsafe’s bags in a few hours, who knows in this crazy crypto investment world. They are, however, selling shares in an app building company for a network that doesn’t exist yet. It is a high risk proposition, so I’d be surprised to see lots of people chucking 6 figs at it, though I’d guess many will use the opportunity to diversify and take a great risk/reward punt.
Who knows though, I’ll be standing by on day of announcement to keep an eye on the pitch and I will be investing quickly just in case. I was pretty surprised when I saw $3M+ pump into factom’s pitch on the first day tbh.
I have some questions about this. I understand the point it’s good to raise money but what is the profit for an investor buying legit shares in company x vs buying the projects coins directly ???
Personally I would say I prefer coins but maybe somebody can give me some more insight.
Buying into a particular project ( and its economy ) is not the same as buying shares into what a company does as a whole ( several projects offered also under different conditions )
Coins are the currency used for the network. No shareholder rights attached to them. with BTTF you can buy a direct share (well, over a SPV) in the Maidsafe company. It’s how Uber and other startups get their companies funded. It’s what VC’s do when they fund a project.
I understand, lets say company x also sells t-shirts, then with shares you participate in the wellbeing of this also if they sell them only in straight dollars. But this is crypto and probably most of the side business will happen in the coin attached by the project I can imagine.
From the legal side you’re probably better of buying shares in the company because rulings are well defined then, so big money better chooses shares no ?
Once the open source platform SAFE is out , Maidsafe the company may come up
with more projects , apps or services , running on the safe network protocol and
connected to it . These projects don’t have to be free nor open source .
MAID token investors get a 1:1 share in the
SAFE network currency’s limited supply .
The value of the entire network will reflect
onto its safecoin currency through demand
and supply , plus speculation ( expectations )
In SAFE many companies will be attached to it’s economy , competing and
collaborating , all will be using safecoin , and also other currencies or values .
Investing into the company Maidsafe means becoming
part of all kind of projects undertaken by the company .
Buying direct shares of the company makes shareholders with some voting rights ,
among others , like proportional shares of any net profits derived from any project .
You invest in the company’s team , knowledge , assets like patents etc. they own .
Okay thanks for bringing some wider clearness…
I see to many superficial answers here, I will try to explain some investment basics. Feel free to comment, dissagree, prove me wrong… I will try to stay neutral from a perspective of an investor.
1. Nature of investment
MaidSafeCoin or MAID is proto cryptocurrency (cc), its only purpose is to hold a value. In case that SAFENetwork (God forbid) never deploys, it will never be exchanged for Safecoins and their value will drop to zero. With each step in development of SAFENetwork (alpha and next releases) we are closer to MVP and transition from MaidSafeCoin to Safecoins - this is why exchange value (in BTC) of MaidSafeCoins shows great correlation with each step in development of SAFENetwork.
On the other hand, MaidSafe Ltd. is a company, we could characterize it as a visionary, it has long return cycles. If we are very strict, their main product is at the end of 10 year development cycle. So far, little or no return was made from selling SAFENetwork and their business plan is somehow unclear. OK, they can sell MaidSafeCoins, but this rather large supply of money will someday run out. They will have to develop new ways to monetize their Network, either thru selling know-how, developing applications on SAFENetwork, maybe custom made modifications. Or they will use different approaches (open source with voluntary contributions).
Investing in Maidsafe Ltd. is quite similar to investing in limited or jointed stock company. Either you are more of a fundamental analysis or you take your decisions based on your feeling, you should all first examine this link: MAIDSAFE.NET LIMITED overview - Find and update company information - GOV.UK - at filling history you can find all important documents. Read Annual report first: approx. 1,33 mio shares, mostly held by DAVID ALLAN & DAVID IRVINE (trustees of Maidsafe employee benefit trust - approx. 0,34 mio shares) and DAVID ALLAN, FRASER HUTCHISON & JOHN IRVINE (trustees of Maidsafe fundation - approx. 0,55 mio shares). Selling over Bank to the future will probably dilute this shares (increase number of shares issued). Buying shares of a company is considered a long-term investment, unless you are short-selling it on Stock Exchange, but I don’t believe these stocks will be traded on Stock Exchange in near future. Does funding thru Bank of the future mean, that the company will issue new shares - I don’t know. I hope they are not just issuing bonds or treasuries. You would probably appreciate some voting rights, won’t you?
Liquidity of investment
Investing in currencies is considered a more liquid investment, as exchange markets offer enough volume to transfer value between cryptocurrencies. BUT! It is higly affected to news. At the moment many investors (and developers) believe, that SAFENetwork will be delivered at expected time - there is enough buying pressure on the exchange markets to make average transfers quite easily. Selling 0,5 mio MAID = approx 100 BTC won’t change market price a lot. But if bad news arrive somewhere in the future, things can change quite rapidly. So investing in MAID should be considered a highly risky investment, with high liquidity at the moment, with no guarantee for the future liquidity.
Liquidity is considered to be lower when we are talking about company shares. It is not in my knowledge, if these shares will be sold on Stock Exchange, but probably not. So: if you invest in Maidsafe Ltd., consider it a long-term investment, so your trust in this company should be very high and you should be a very strategic and cold-blooded investor. I will not discuss different point of view of a large scale investors (7F+) - from a perspective of someone who is willing to invest 10k tops, I will consider this investment as a very long term (5Y+), unless a company fails to deliver at the milestones.
Risk and ROI
I guess this forum is full of skilled cryptocurrency (cc) traders. Pointing out that a value of a cryptocurrency can fall easily to zero is still in place (unless at some cryptocurrencies that develop gold or some other standards). Sometimes just a sentiment, pump&dump or some other strategies can greatly influence a cc value. If Maidsafe manage to deploy fully working SAFENetwork and transition from MAID to Safecoins goes smoothly, then IMHO we could see very good profits. But get your hearts ready, 30% swings in value can be brutal to cope with, prepare your exit strategies carefully and most of all - when you see clear news, decide swiftly. Remember last value swing after alpha release? How much time you had to hop on a train?
Investing in Maidsafe Ltd. should be much more stable but long-term investment, with a large milestone somewhere in near future - working SAFENetwork. Trust me, story only begins there - SAFENetwork is not so recognized as you might think. We are still far from point where general public start to use and develop new applications on the network. Many things can go wrong or right on this path, but IMHO community is strong already and word about the network should spread rapidly. Just imagine your grandma asking yourself: “Well, is this a DarkNet?” while activating Launcher. Marketing of SAFENetwork and developing a strong business plan is probably already prototyped in classified company documents - if implemented correctly, this company has more potential than Google and Facebook together.
My humble personal opinion
I am not a millionaire, my strategies are simple. I have invested in MAID and will hold at least till conversion to Safecoin. I don’t mind day trades, as you can easily make wrong decisions at a wrong time. I will not invest in Maidsafe Ltd., because I don’t have liquid money at the moment, although I will read thru the proposition.
The Securities and Exchange Commission in the US recently changed the rules for us normal people to invest in startups and IPOs
This used to be limited to accredited investors (High net worth individuals) through what is called Regulation D but now us wee folk can get in on the action as well. Bank of the Future is one of the first online sites to use these new rules (in the US anyway) and I for one think it is great! The only downside for me is I am not allowed to buy shares in any company because of the fact I am a finance guy here and they consider it a conflict of interest, however I will be contributing however I can.
BNK TO THE FUTURE (HK) Limited (Company Number 2205217) is Incorporated and registered in Hong Kong under the Companies Bill 2011.
This website is operated by BNK TO THE FUTURE Limited (Company Number CO-296093) Incorporated and registered in Cayman Islands under the Companies Law 2013.
BNK TO THE FUTURE Limited is registered with the Cayman Islands Monetary Authority (CIMA Licence No. 1189274).
I was going through some of the papers in your link and I found something I don’t understand, maybe you can help me out (or anyone else)?
In the 25 Mar 2014 (AR01) filing, they state: Number of shares: 1450322 ; Total aggregate nominal value: 145322 GBP
In the 2015 and 2016 filing of the same kind (AR01), the value in GBP equals the amount of shares, which is basically one figure higher than in 2014
So I was wondering if they accidentally missed a 0 in the 2014 filing (total value in GDP), or if theres another possible explanation?
cheers