The investors are rent seekers as a group. Its almost like sell out to win. The angel and the activists are the exception and what is their % of the make up of would be investors? The rest are a mix of credit card that can’t be paid off and back seat driver. There will also be the shorters who manipulate PR in negative ways to try to leach. Then the IPO process if any venture capital is involved, yuck! Stuff might make sense after launch but who wants MaidSAFE in any way to have otherwise useless capital’s hook in its arse?
Skycoin just got listed on Binance, Maidsafe just released major news.
Let’s not get listed(payed) on Binance.
Just saying
Edit: By looking at CMC
How do we know these exchanges are honest? Wouldn’t it be better to be on one exchange that we know is good quality than dilute the coin on many different exchanges and then have a “Mt. Gox” type event happen?
It’s very important that we don’t get hustled, here. When we do business with these exchanges, they have an informational advantage over us. We need to be careful.
Thank you for sharing such obvious information that clarifies many doubts about the investment in question quoted in your article, why not invest $ 200k when there will be a return of millions of dollars?
Problem is who pays the $200000 and who gets the millions in return If you have just more than that 200000 and spend it all to promote what you just sold, it then becomes a different proposition. Less an issue if you have tens or hundreds of millions though. Money to money and the rest of us just work hard
cant we make a community fund for exchange listings? Yesterday we had the best news ever Thank you for that Maidsafe I think its important now with this much greater certainty of succeeding that we get listed on some more serious exchanges, if only for the awareness it brings. Its understandable that the Maidsafe team dont want to pay large sums of money for exchange listings considering their budget. If we as a community chip in a little we must be able to get enough for some exchanges listings, maybe not binance but Poloniex cant be seen as a serious exchange imo. Im still waiting on tickets for more then a year and they have several other problems as well. Now that we all know that maidsafe will have a high probability of succeeding I think its worth the extra investment from our side.
@dirvine Pardon my comment, but if you have seen how other listings had went(such as the most recent one, Skycoin, and basically every other one) the answer to this question : “Problem is who pays the $200000 and who gets the millions in return” is very obvious.
You are the first one to know about the listing, if you have some basic understanding of the market, and have about $2-3 million in capital(which I’m sure you do from the money raised in ICO) you’ll know how to make at least $500k-$1million from that first knowledge of information. Putting it simply, all you need to do is use buy maidsafe tokens with the money, then pay for listing on a tier 1 exchange(such as binance) and announce that you are getting listed, token will grow at least 20%-30%, you’ll make your $200k back plus make 1-2 months in development funding(another $200k-$500k). All the holders of the token will also win. So to answer your question: YOU spend the $200k, and YOU get the $500k-$1million+ in return, and everyone else makes 20-30%. Simple maths, put simply. Please realise it’s a very simple decision that anyone with a basic understanding of the current market conditions would make.
Also, just another thing I thought it’ll be interesting for the team to know, if you are quoted $200k to get listed by a tier 1 exchange(i don’t know if you have because you guys didn’t mention the particular exchange in DevCon), but if you have, you should consider yourselves VERY lucky.
My friend who also run a crypto project, and it has low liquidity, and was also delisted by bittrex, his team tried to ask to be listed by Binance and they quoted him, and i kid not, 1 Million Binance coin. He declined, that was somewhat a reasonable decision to make, but declining a $200k offer? I mean, I don’t know man. I’ll let you guys decide.
You already know that it is not only $200k
Sigh… look at Poloniex… maid is getting over 2 million per day in liquidity. Please… liquidity isn’t a concern…exchanges will make plenty of money charging their fees because maid will have a lot of liquidity, especially if it’s listed on a tier 1 exchange. Now, I’ll let you decide if and when we can move on to making reasonable actions instead of defending unreasonable ones.
Insider trading (yes I know not illegal yet) but is very dodgy practise and would send out the wrong signal. From my understanding of Maidsafe they would have no part of that.
Also most listings end up being a pump&dump to start with. Any final rise in price is only correlation and not causation. So the fact that those coins listed on that exchange does not mean the listing was the cause of the coin rising in price. There has been a number of coins that after the P&D ended up with less value and some that rose in value. And again with do anything to make more money even its to ruin the reputation of the company or knee cap the project
And you know that is not what @Mendrit was getting at. Maidsafe would have to supply the liquidity to get listed. If you have a million or two why don’t you do it.
Well sorry for my intrusion on this subject that in my view deserves more attention, I fully agree with every word you express and confirm that investment is crucial to the leverage and success of a project in this regard.
doesnt this fall under insider trading and therefore is prohibited ?
What’s dodgy practise and what’s not? Exchanges charging over $10 million for a listing is good practise? I don’t know what’s dodgy and what’s not in this market, I really don’t think it matters anymore. What’s more important is how well we market the Safenetwork, and get more interest, both from developers and from investors, which will help us get adoption and help the world become a place the way the Maidsafe team has envisioned it to be.
Like i said, I’ll let you decide when you want to stop thinking of reasons to defend unhelpful decisions(because you always can think of reasons to defend ANYTHING if you wanted to) and start advocating what’s the most helpful and reasonable action to achieve the goals Maidsafe envisions.
It doesn’t matter to you does it. But some people have honour and integrity.
Great decision, shows that you completely understood and countered my point. Well done. I really need to focus on my exams now. I hope all the best for the team
Actually you are the one pushing the idea against the stated position of Maidsafe and how you propose it is to use borderline illegal and immoral methods.
You point is to use other peoples money (1 to 2 million $$$) to make yourself a tidy profit on a expected pump & dump that you insincerely said Maidsafe should profit from.
BTW honour and integrity is more important to some people than a short term profit making. Do you cheat on your exams??? If not then why should Maidsafe cheat on “profit making”
Getting the toke listed on further exchanges doesn’t stir any feelings inside me. It feels like the last thing that should be worried about.
We’ve just had a super update, the home straight, its all hands on deck to deliver.
The exchange conversaion should be had way after the safenetwork launch date.
Maybe around Beta/Safecoin when it gets utility and no longer seems as a security to the SEC and can get re-listed on Bittrex and so on.
The proper time IMHO would be after maid is converted from an omni asset to network-native. Then there need to be as many fiat onramps as possible to onboard people onto the network who don’t have the inclination to run their own vaults. Anything done before that will have to be reimplemented anyway to use the new SAFE network protocol.