hi guys. Just 10% of SAFE Coins to the MaidSafeCoin holders is not unfair? I mean, if the marketcap of SAFECOIN not reach 10x the MaidSafeCoin marketcap on the launch all the holders will loose money? thanks
was that a product of how they did the 2nd round product capital raise when they burnt through the initial cash?
At launch maidsafe coin holders will have 100% of the safe coin supply, it is only 10% of the final supply though. But this is supposed to take many years to reach so what he is saying isn't an issue.
was this how it was sold in the ICO from the beginning I cant be bothered checking.
Yes, the MAID serves as a proxycoin for the real Safecoin. So when you can exchange 1 MAID for 1 Safecoin, the MAID Holders become the first Safecoin holders and around 10% of all coins (4.3 billion total) will be out in the open. But when Safecoin goes live, Farming will start at the same time. So new coins will be created from that moment on. And when people use Safecoin (to store data etc.) they actually "burn" the coins so the address become free to be Farmed again in the future (if ever). So when Safecoin and Farming go live coins are created burned and used all at the same time.
You could even get coins without buying them. Just run a Vault for some time and you might earn enough to get your own domain and upload your website en store some data.