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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:// | + | The SAFE Network project is vast and complex. The purpose of this wiki is to make the 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:// |
- | + | ||
- | 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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</ | </ | ||
- | SAFE Network will have a native cryptocurrency called SafeCoin, providing incentives to people to support the network with resources | + | [[economics|=> |
+ | * [[economics# | ||
+ | * [[economics# | ||
+ | * [[economics# | ||
- | 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. | + | ===== 6. Dealing with MAID and SafeCoin ===== |
- | ==== 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:// | ||
- | |||
- | * Pre-launch supply (MAID): 452 M (452, | ||
- | * Investor allocation: 226 M | ||
- | * Maximum supply: 678 M | ||
- | |||
- | 5% of total supply [of 678M??] goes to early investor/ | ||
- | |||
- | 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:// | ||
- | |||
- | * Pre-launch supply (MAID): 452 M (452, | ||
- | * Early investor allocation: 215 M - (about?) 5% of total supply available at day 1 | ||
- | * Maximum supply: 4.3B (4, | ||
- | |||
- | *) Slighyly more by a few million due to error at MAID sale. [[https:// | ||
- | |||
- | === 5.3.2 SafeCoin creation === | ||
- | (following needs confirmation.) | ||
- | |||
- | [[https:// | ||
- | |||
- | 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:// | ||
- | |||
- | Farming rate is explained in [[https:// | ||
- | |||
- | === 5.3.3 SafeCoin destruction === | ||
- | [[https:// | ||
- | |||
- | SafeCoins are destroyed/ | ||
- | * Account creation (address/ | ||
- | * 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 ===== | ||
< | < | ||
</ | </ | ||
+ | |||
+ | [[safecoin|=> | ||
+ | * [[safecoin# | ||
+ | * [[safecoin# | ||
+ | * [[safecoin# | ||
+ | * [[safecoin# | ||
[[cryptocharts|=> | [[cryptocharts|=> | ||
- | ==== 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:// | ||
- | |||
- | ==== 6.3 Exchanges trading MAID ==== | ||
- | |||
- | As a general rule, do not leave large amount of MAID (or any other coins) on an exchange. | ||
- | |||
- | * [[https:// | ||
- | |||
- | * [[http:// | ||
- | | ||
- | | ||
- | *This exchange is not accessible to US citizens (see [[https:// | ||
- | |||
- | * [[https:// | ||
- | |||
- | * [[https:// | ||
- | |||
- | * [[https:// | ||
- | |||
- | MAIDSafe [[https:// | ||
- | |||
- | ==== 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:// | ||
===== 7. Hardware Guide for Farmers ===== | ===== 7. Hardware Guide for Farmers ===== | ||
(what do you need to join.) | (what do you need to join.) |