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.
Key Features
- Data is ‘self-encrypted’.
- Instead of blockchain it uses Data Chains.
General information
| Company Name | MaidSafe.net Limited |
| Incorporation date | 2006 |
| Incorporation Address | 72 Templehill Troon, KA10 6BE United Kingdom |
| Website | https://maidsafe.net/ |
| Blog | n/a |
| Phone | +44 1292 317311 |
Economic details
| Initial Funding & Distribution | |
|---|---|
| Ticker | MAID |
| Token Type | Cryptocurrency |
| Total Supply Sold | No information |
| Total Amount Raised | 93 249.22 USD |
| Price During the Crowdsale | n/a |
| Hard Cap | n/a |
| Whitepaper | https://docs.maidsafe.net/Whitepapers/pdf/Safecoin.pdf |
| Token Distribution | No information |
| Distribution of Funds raised | 16.6% Sales & Marketing 15% Developer Team 13.6% General and Administrative 8.7% Benefits 7.9% Misc & Reserves 7.1% Legal |
| Crowdsale Date | April 22, 2014 |
| Sources: https://www.coinstaker.com/initial-coin-offering/maidsafe/ | |
Social Media
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Team
| Title | Name | ||
|---|---|---|---|
 | CEO | David Irvine |  |
 | COO | Nick Lambert | |
 | CTO | Vivekanand Rajkumar | |
 | Director/Business Manager | Lorraine McNally-Jones | |
Development
| Total number of Commits | 24 703 Commits (49 Repositories) |
Partners
Identillect – a company that provides solutions for companies to protect their data.
Competitors
Sia – a decentralized cloud storage platform.
Storj – a decentralized cloud storage.
Shift – a globally shared network that can solve problems when it comes to verifying data integrity, availability and custom implementation details.
Filecoin – a decentralized storage network that turns cloud storage into an algorithmic market.
Substratum – an open-source network that allows anyone to allocate spare computing resources.
Dell EMC – a company that provides data storage and data protection solutions.
Oracle – offers business databases and related software products.
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)