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start [2019/07/16 23:45]
drirmbda [5. Economics]
start [2020/01/18 01:45]
drirmbda Approved
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 ====== Welcome to the Independent SAFE Network Wiki ====== ====== Welcome to the Independent SAFE Network Wiki ======
  
-The SAFE Network project is vast and complex. While there are great resources available online for study, these resources still tend to be hard to locate and digest. The [[http://safenetforum.org|SAFE Network Forum]] contains many years-worth of great information but lacks concise and up-to-date summaries which would be convenient for newcomers to catch up.+The SAFE Network project is vast and complex. The purpose of this wiki is to make the SAFE Network project more accessible. This is starting-out as a growing collection of personal notes of the editor trying to thoroughly understand the project, and is intended to evolve into an independent guide to SAFE Network.
  
-The purpose of this wiki is to make the SAFE Network project more accessible. This is starting-out as a growing collection of personal notes of the editor trying to thoroughly understand the project, and is intended to evolve into an independent guide to SAFE Network. +All information here is unofficial. You are free to edit and contribute right here as you learn about MaidSafe and SAFE Network yourself. This Wiki fills gaps, referencing existing resources whenever possible. Opinions belong on the [[http://safenetforum.org|SAFE Network Forum]].
- +
-All information here is unofficial. You are free to edit and contribute right here as you learn about MaidSafe and SAFE Network yourself. This Wiki fills gaps, referencing existing resources whenever possible. Opinions belong on the Safenet forum.+
  
 <note important> <note important>
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 [[economics|=> Economics TOP]] [[economics|=> Economics TOP]]
 +  * [[economics#5.1 MAID pre-launch]]
 +  * [[economics#5.2 MAID and SafeCoin at launch]]
 +  * [[economics#5.3 SafeCoin]]
  
-SAFE Network will have a native cryptocurrency called SafeCoin, providing incentives to people to support the network with resources and applications, and charging network users for certain kinds of usage.+===== 6. Dealing with MAID and SafeCoin =====
  
-To raise funding for the project a token called MAID was created. MAID will be exchanged for SafeCoin at the launch of the SAFE Network. 
-==== 5.1 MAID pre-launch ==== 
-(MAID creation to fund development) 
- 
- 
- 
-==== 5.2 MAID and SafeCoin at launch ==== 
-(scenarios impacting the value of MAID at conversion to SafeCoin) 
- 
-At this time it is expected that one MAID token will be exchanged for son SafeCoin. 
- 
-Source: [[https://safenetforum.org/t/safecoin-supply/13477|this]], [[https://github.com/maidsafe/Whitepapers/blob/master/Project-Safe.md|Project-Safe whitepaper April 2014]](outdated??) 
- 
-  * Pre-launch supply (MAID): 452 M (452,552,412 units) 
-  * Investor allocation: 226 M 
-  * Maximum supply: 678 M 
- 
-5% of total supply [of 678M??] goes to early investor/family 
- 
-5% of total supply [of 678M??] goes to dev team 
-==== 5.3 SafeCoin ==== 
-(money supply, economic output, inflation) 
- 
-  * SafeCoin will be almost infinitely divisible  
- 
-=== 5.3.1 SafeCoin supply === 
-(following needs confirmation.) [[https://safenetforum.org/t/safecoin-supply/13477|4/2017]], [[https://safenetforum.org/t/safecoin-supply/13477/11|authoritative April 2017]] 
- 
-  * Pre-launch supply (MAID): 452 M (452,552,412 units) - slightly* over 10% (10.5%) of total supply, available at day 1 
-  * Early investor allocation: 215 M - (about?) 5% of total supply available at day 1 
-  * Maximum supply: 4.3B (4,294,967,295; 2^32-1) 
- 
-*) Slighyly more by a few million due to error at MAID sale. [[https://safenetforum.org/t/maidsafecoin-maid-price-trading-topic/9923/6436|@neo]] 
- 
-=== 5.3.2 SafeCoin creation === 
-(following needs confirmation.)  
- 
-[[https://safenetforum.org/t/safecoin-supply/13477|4/2017]], [[https://safenetforum.org/t/safecoin-supply/13477/11|authoritative April 2017]],[[https://safenetforum.org/t/safecoin-supply/13477/14|@neo]] 
- 
-SafeCoin goes to 
-  * Farmers - Depending on supply of available but unused storage; the (instantaneous) farming rate. 
-  * Network maintenance - Every GET on average pays core devs 5% of farming rate 
-  * App developers - Every GET due to an App pays 10% of farming rate 
-  * PtP (Pay the Provider - [[https://safenetforum.org/t/poll-should-maidsafe-implement-ptp-pay-the-producer/5805|under discussion]]) - Every GET for specific data could pay 10% of farming rate 
- 
-Farming rate is explained in [[https://github.com/maidsafe/rfcs/blob/47e3e688d6eb0709fbeee742f2865b50233dc98a/text/0012-safecoin-implementation/0012-safecoin-implementation.md|RFC-0012]]. 
- 
-=== 5.3.3 SafeCoin destruction === 
-[[https://safenetforum.org/t/safecoin-supply/13477/13|@polpolrene]] 
- 
-SafeCoins are destroyed/consumed by the network at: 
-  * Account creation (address/ID) 
-  * Domain name purchase 
-  * PUT of data (immutable data will be much less expensive than mutable data) 
- 
-=== What determines the exchange value of SafeCoin === 
- 
-Since SAFE Coin will regulate availability of (secure and perpetual decentralized) storage, it may be expected to be as stable as that commodity. However, speculation and application for predominantly other uses might change the situation significantly. 
- 
-===== 6. MAID and SafeCoin for Holders and Traders ===== 
 <lead> Dealing with MAID and SAFE Network tokens is much more complicated than dealing with cash. This should be a guide to make things easier. <lead> Dealing with MAID and SAFE Network tokens is much more complicated than dealing with cash. This should be a guide to make things easier.
 </lead> </lead>
 +
 +[[safecoin|=> Handling MAID and SafeCoin TOP]]
 +  * [[safecoin#6.1 What is MAID]]
 +  * [[safecoin#6.2 What is SafeCoin]]
 +  * [[safecoin#6.3 Exchanges trading MAID]]
 +  * [[safecoin#6.4 Storing MAID offline]]
  
 [[cryptocharts|=> Crypto Charts Page]] [[cryptocharts|=> Crypto Charts Page]]
  
-==== 6.1 What is MAID ==== 
- 
-MAID is a token that exists in the OMNI layer on the Bitcoin Blockchain. 
- 
-==== 6.2 What is SafeCoin ==== 
- 
-SafeCoin will be the native medium of exchange within SAFE Network, and is supposed to replace MAID at the time of launch of the network. 
- 
-Warning: SafeCoin is NOT [[https://safecoin.org/|this]]. 
- 
-==== 6.3 Exchanges trading MAID ==== 
- 
-As a general rule, do not leave large amount of MAID (or any other coins) on an exchange. 
- 
-  * [[https://poloniex.com/|Poloniex]]: MAID/BTC, MAID/XMR, .... 
- 
-  * [[http://international.bittrex.com|Bittrex International]]: MAID/BTC 
-     *[[https://mobile.twitter.com/BittrexIntl/status/1131613052250599424?s=20|Announcement]] on May 23, 2019 12:29pm 
-     *[[https://safenetforum.org/t/maidsafecoin-maid-price-trading-topic/9923/6799|MaidSafe confirmation]] 
-     *This exchange is not accessible to US citizens (see [[https://bittrex.zendesk.com/hc/en-us/articles/360001426066-FAQs-Bittrex-International-Trading-Platform-|FAQ]]) 
- 
-  * [[https://dex.openledger.io/|OpenLedger DEX]] low volume 
- 
-  * [[https://hitbtc.com/exchange/MAID-to-BTC|HitBTC]]: MAID/BTC, MAID/ETH, MAID/USDT. Consider the high level of complaints on social media about losing access to funds. MaidSafe does seem to have some leverage over HitBTC and could help get issues resolved. 
- 
-  * [[https://safenetforum.org/t/cryptopia-liquidation/28767/11|Nova might replace Cryptopia]]. [[https://novaexchange.com/|Nova]] 
- 
-MAIDSafe [[https://safenetforum.org/t/removal-of-maidsafe-assets-from-bitker/29191|decided]] to remove MAID from [[http://www.bitker.com|Bitker]] in July 2019. 
- 
-==== 6.4 Storing MAID offline ==== 
- 
-Storing large amounts on exchanges is not a good idea. However, before you create a paper BTC wallet and send MAID to it, read through the steps needed to send the MAID back from the paper wallet to an exchange and decide if is worth the trouble and the risks of making mistakes and of reduced liquidity. 
  
-[[https://safenetforum.org/t/how-to-store-maidsafe/3644/89|Feb 2018 post]] 
 ===== 7. Hardware Guide for Farmers ===== ===== 7. Hardware Guide for Farmers =====
 (what do you need to join.) (what do you need to join.)