With the first release of the Maidsafe shareholder token release I figured I’d make a topic for it.
According to Rusty the first 50% is being released to shareholders on the 11th of May (2,5 weeks from now) and the second batch on 11th of august (3 months later). As far as I’m aware shareholders will receive an NFT with which they can claim the tokens at any time (probably most convenient for them tax-wise).
The whitepaper mentions 214.748.365 tokens allocated for the shareholders. That will mean that up to 107 million tokens will be released in 2,5 weeks from now. If the self reported circulating supply is correct (50 million) that is a 200% in a day. Does anyone know if this circulating supply is still up to date, if I remember correct the team was working on an api to report circulating supply to cmc and Coingecko.
Because of this big supply increase, I was wondering if anyone could provide me with some insights on what the average cost of the ANT is for shareholders? Are they still in profit at these prices? I think this will be an important factor in the significance of the expected selling pressure.
Back then I had signed up for Bnk2theFuture and invested but was and am not an accredited investor, which Bnk2theFuture now requires proof of to even sign into your account, at least in the states. I have copies of my share ownership etc, is it still possible to receive the promised tokens per share? Or should I consider this a loss?
I would contact banktothefuture and argue that there were no such thing as accredited investors regarding crypto at the time for the ICO, so it should not apply to you.
Its a double edge knife. Accredited investment does actually stop people loosing their life savings. Even if we ignore the scams and bullshit and fraud. Companies may have all the best intentions and still fail. If you can afford to take the loss or not is what counts.
No it doesn’t - not on average. The notion that such regs are for the benefit of the people is absurdity. They are to prevent people from investing in startups and taking value away from the wealthy. The proof of this is the fact that people are allowed and sometimes even encouraged to gamble and buy lotto tickets as much as they like - and those are mathematically guaranteed to end with a massive loss - do governments care? No, not one bit.
And yet people are allowed to gamble away their life savings at casinos and race tracks… IMO, the accredited investor requirement is designed to limit the greatest upside in investment opportunities to the rich.
