Post
Topic
Board Announcements (Altcoins)
Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet
by
MemoryShock
on 13/11/2014, 16:01:28 UTC
Thank you for the update. How did the Maidsafe team handle the huge value loss of mastercoin as, if i remember correctly, most of the IPOs funds came in mastercoin?

They posted a public document addressing the situation here...https://docs.google.com/document/d/1Oo8bYKRarkG7S0YUJgP_-8Izkks9EZ1j_0bQ8dz6ahM/edit

Essentially, they expected it to be mostly a BTC sale and had to buy back some of the funds in order to insure that the sale would be open for BTC buyers (it sold out in five hours but because of the buyback, the sale lasted for a few days).  I believe they ended up with a relevant loss on the projected crowd sale total because of this...it's a rather comprehensive retrospective analysis linked above.