Was it said for certain that it would be a wrapped token? I don’t remember there being a 100% certainty on that. Seems like it’d be a good idea to not just assume it’s a wrapped token with a bridge.
Probably also good to assume that in todays landscape there very well may be KYC/AML but also to remember that if that would be the case that the point is that the converted ERC MAID would be available on DEX’s for purchase without the need for KYC/AML.
In any scenario with KYC/AML it would only affect if you wanted to convert MAID to ERC20. If people are looking to add to their bags without those barriers then all good.
I’m impartial to any implementation regardless because anything is better than what’s available now. P2PB2B is currently best option and that’s just not enough and unfortunately still incredibly low volume. Hoping the DEX’s help with that.
These existing and all future eMAID will be redeemable 1:1 for Safe Network Tokens when the Network launches. To mint these eMAID, the pilot testers burnt the equivalent number of OMNI MAID, which means that the total supply of MAID (I.e. OMNI + ERC20) has not increased. This same principle applies for the minting of all eMAID.
I was going to ask whether MaidSafe is willing to support other L1 tokenizations, but having ERC20 already means one can more easily setup 2-way bridges to other blockchains (for low-carbon, low-fee trading).
Trading is one thing. Holding something else - with the high ETH fees, people from the third world can forget about eMAID even if they want to hold it. For this reason, I will personally bring liquidity to PulseX
