What does it do?
- SAFE Network allows decentralized data storage and selling/buying computing resources
- Users have complete control of their data
MAID is a token launched on Omni protocol and traded on exchanges, while SAFE is used as a reward on SAFE Network and can be exchanged to MAID 1:1.
- Data is ‘self-encrypted’.
- Instead of blockchain it uses Data Chains.
|Company Name||MaidSafe.net Limited|
|Incorporation Address||72 Templehill|
Troon, KA10 6BE
|Phone||+44 1292 317311|
|Initial Funding & Distribution|
|Total Supply Sold||No information|
|Total Amount Raised||93 249.22 USD|
|Price During the Crowdsale||n/a|
|Token Distribution||No information|
|Distribution of Funds raised||16.6% Sales & Marketing |
15% Developer Team
13.6% General and Administrative
7.9% Misc & Reserves
|Crowdsale Date||April 22, 2014|
| Sources: |
|Director/Business Manager||Lorraine McNally-Jones|
|Total number of Commits||24 703 Commits (49 Repositories)|
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Potential market and clients
The potential of MAID depends on how many individuals or businesses will start to protect their data instead of trusting it to third parties like Google or AWS.
Utility and economic dynamics
- Safecoin can then be used to buy Network resources—like the one-time-fee for uploading data
- MAID can be used as a transfer of value
- MAID can be exchanged to Safecoin at the fixed 1:1 rate
- Safecoin is paid out to Farmers (users who contribute their computing resources) and to Builders (application developers who get paid automatically depending on how much their applications are used)