Initial Coin Offering: MaidSafe

5/5 - (2 votes)

Review: MaidSafe

Before the Initial Public Offering on the 22. April, MaidSafe was hyped as the Bitcoin 2.0.

MaidSafe (MAID)	ICO Status: Finished	22.04.2014
https://maidsafe.net/ 5/5 - (2 votes)	Concept: The idea behind MaidSafe is to create a SAFE (Secure Access For Everyone) Network based on the unused hard drive, processing power and data connection of the users. People will be able to use MaidSafe coins to unlock those services for their own purpouses. For example, a user can backup his files or host a website over the MaidSafe Network. The data is dynamically placed on the network, so nobody knows where or what the data is. Random data parts are placed by the network to a given device and checked all the time if it is live. If the data is not live, then the data is transfered to another device. Whitepaper: Get more information
Venture	Raised Capital: 6.4M USD Venture Round: Round 1 Total Coins created at sale: 452 Million	ICO Funds Distribution: 15.0%: Developer Team 16.6%: Sales & Marketing 13.6%: General and Administrative 8.7%: Benefits 7.9%: Misc & Reserves 7.1%: Legal Remains: Outsourcing, IT & Cybersecurity, Software.
Mining	Supply: A maximum of 4.3 billion coins will ever be in circulation at one time. Safecoins get recycled when users exchange them for network services. This way, there will always be supply for miners (in the MaidSafe network they are called farmers) to get rewarded.	Reward: MaidSafe coins are rewarded to users for providing their resource to the network. The resource can be following: storage space, CPU, bandwidth and online time.
Initial Coin Offering	ICO Launch: 22. April 2014 ICO Finish: 22. April 2014 ICO Tradable on Exchanges since: 28. April 2014	Highest volume of MAID can be found on: Poloniex.com
Offices/Locations	MaidSafe Troon Troon, Scotland

Team behind MaidSafe

David Irvine

CEO of MaidSafe

David Irvine started to work on the MaidSafe idea in 2006. Since then, the team has grown to 17 people consisting of thinkers, inventors, tinkerers, PHDs, engineers and designers.