I always liked the sound of AUT as the ticker.
1 Like
Yes, they have delisted now. Just look out for Autonomi, and you are golden.
7 Likes
When searching for ANT on Coinmarketcap or Coingecko it still shows Aragon. When searching for Autonomi Gecko shows some ATN token while CMC shows an “Autonomies” token.
That is because ANT has not been created yet, the creation TGE event is on the 11th february.
2 Likes
And listing on the first CEX (bitmart) is currently scheduled for 14th iirc - not sure anything will change on cmc before that
1 Like
As soon as the contract address is published and the first pools go up, the toke will start appearing on the listing sites, DEX screener first, then the others
13 Likes
I thought so, but maybe you can talk to the sites to take down the outdated tokens listed as ANT upfront to avoid confusions.
1 Like
Na, we can’t do that really, but it’ll be fine. And we’ll also get a a little benefit from the search crossover remember
4 Likes
Hi all, and congrats to all holders and diamond hands. I am crypto competent, but my time and attention is severely hampered these days and I have not been able to parse out the full plan to my satisfaction… I think I have a handle on new nature of it vs the earlier snapshot but would hate to make it this far then mess something up 
… is there any issue/nuance with the following plan?
- I have ETH, and my hardware wallet linked to metamask, all good.
- The bulk of my MAID is on Omniwallet, with sufficient BTC to send
- Plan is to
- … Wait until after TGE (Intellectually easier for me if I can add the token and verify everything before the sign/burn process)
- … Complete the (excellent) instructions with a test, followed by the bulk after detecting the ANT whenever dropped.
?
2 Likes
This is a good plan with the clarification that if ant is already traded on exchanges after burning you should check if this is not a tax event in your country so that you don’t end up owing money. If you burn maid before the 14th and before there is a price even if it is a tax event at a price of $0 you are more likely to not owe any tax money.
Check out the Dev Forum
3 Likes
I’m afraid that trick, which I had already thought of, wouldn’t pass muster in a tax audit.
The fact that ANT do not have an assigned value does not mean that they do not have an objective value, which will be the same as the Maid/Emaid on that day.
2 Likes
1 Like
On Coinmarketcap it has… No expert here though .
Below a certain volume the price is meaningless.
3 Likes
And where is it traded? It is easily proven that nowhere. The fact that some site on the Internet shows a certain price does not mean that you can deposit your coins somewhere and sell them.
The reality is there and the law conformed to it otherwise all of us with an ethereum address would owe millions to the fake tokens whit price that are regularly sent to our addresses for the purpose of fraud.
I’m sure that every accountant will tell you the same thing - apart from price, there must also be an opportunity to sell, which, among other things, also means liquidity. Your screenshot shows $300 liquidity…
Check out the Dev Forum
4 Likes
Do you really think that, in the case of a tax audit, you can tell the official, ‘Hey, what I have is worthless because it has no price today’? That’s just laughing at him to his face.
I don’t know how it is in your country, but in mine, it’s certainly not a good idea…
2 Likes
Shock horror, a site with >2000 crypto coins to track is somewhat out of date on a Sunday afternoon…
Best of luck to you if you can get in and make some favourable trades, but I’m not holding my breath…
Never mind, brother, there will be other opportunities soon
Spent some time thinking about this and while I agree an argument can be made that MAID has a price of zero right now I think that will be a losing argument. Because what is the value of ANT when it’s air dropped? That won’t be zero (or would be hard to argue is zero) and so must therefore be considered income. Which is much worse than trying to close the loop on the cost basis of the MAID. So perhaps the conversion price is not the value of MAID when burned, but ANT when received? Bad things could happen (audit and penalties) when you go to sell ANT if this isn’t thought through all the way. And income is taxed at a higher rate than capital gains at least in the US.
I do think a strong case could be made that the price of MAID is say $0.28 (price when I recently burned some MAID) and that is also the value of ANT when dropped since ANT=MAID. Then pay tax on the gain (if any) to $0.28 and the cost basis for the ANT is $0.28. And this may only work if converted prior to 2/14 (or 2/11?). After that ANT will have a tracked price and that would likely have to dictate the conversion price.
Alternately, the argument could be made that since ANT=MAID it is just like a ticker symbol change. But I suspect that would likely only be resolved after some potential pain and explaining. That could be a tough hill to climb since it’s going to look like any other crypto exchange, which is taxable. Just some food for thought…
Basically in a tax audit the tax officials are the arbitrators of right and wrong. Zero price for 5 days will be glossed over by most as a quirk of the markets and ignored.
Their assessment is law until challenged in court at great cost, not worth challenging if less than 100 thousand dollars worth of asset. Possible an appeal would work and obviously a first step with an unfavourable assessment.
1 Like