the reason why this will work is because the maid coins are tied to the safe network. u cant get into the safe network without owning maidcoins, you cant upload to it's cloud storage network without using maidcoins to buy safecoins. i explained it in layman's terms is all. finally, when you purchase safecoins, the maidcoins used for the purchase will be burned. reducing the supply of available maid left on the market for btc trade. i hope that basic math can take over from this point for you.
What a kludgy, convoluted mess.
Not only does it resemble the NAUT swap fiasco, the "burned" supply goofiness smells like the Counterpary and VIA failures. These Rube Goldberg ICO and shell game IPO schemes never turn out well for anyone except the guy that took everyone else's Bitcoins.
As for "basic math," I'd love to have some explanation of the cryptography behind Safecoin's alleged private/untraceable/unlinkable properties.
But every time I ask, I get a different answer. I'm not seeing an advantage over SIA or Storj here, to put it nicely in an understatement.
Currently the Maidsafecoin is held on the Bitcoin blockchain
It is blockchainless , so truly anonymous .
well maybe maid isnt for you and one of storj or something is better. but based on what ive read and demo'd on maid its the solution that i prefer. maybe later on when you develop a need for maid's services it may seem more appealing.