MaidSafeCoin (MAID) Cryptocurrency Economic Model and General Information

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 Limited
Incorporation date2006
Incorporation Address72 Templehill
Troon, KA10 6BE
United Kingdom
Phone+44 1292 317311

Economic details

Initial Funding & Distribution
Token TypeCryptocurrency
Total Supply SoldNo information
Total Amount Raised93 249.22 USD
Price During the Crowdsalen/a
Hard Capn/a
Token DistributionNo information
Distribution of Funds raised16.6% Sales & Marketing
15% Developer Team
13.6% General and Administrative
8.7% Benefits
7.9% Misc & Reserves
7.1% Legal
Crowdsale DateApril 22, 2014

Social Media


CEODavid Irvine
COONick Lambert
CTOVivekanand Rajkumar
Director/Business ManagerLorraine McNally-Jones


Total number of Commits24 703 Commits (49 Repositories)


Identillect – a company that provides solutions for companies to protect their data.

Glasgow University


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)