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Summary of MaidSafeCoin
Key Points
- MaidSafeCoin (MAID) is a proxy token supporting the development of the SAFE Network.
- MAID can be swapped 1-for-1 with Safe Network Tokens after the Network is complete.
- SAFE Network utilizes spare capacity of Internet-connected devices for decentralized, secure, and private communications and storage.
- The Network gives individuals and businesses financial stability through trading resources, products, and content without middlemen.
- SAFE Network security is based on peer-to-peer and distributed hash table technology, with consensus from small self-governing groups of devices (nodes).
- Data is split into chunks, encrypted, and randomly distributed amongst nodes, which must store
About MaidSafeCoin: Empowering a Decentralized Ecosystem
Introducing MaidSafeCoin (MAID): A Revolutionary Cryptocurrency
MaidSafeCoin serves as a proxy token, facilitating the development of the SAFE Network while enabling the pre-purchase of its native cryptocurrency, Safe Network Tokens.
Upon completion of the Network, MaidSafeCoins can be seamlessly exchanged on a 1:1 basis for Safe Network Tokens.
MaidSafeCoin is conveniently accessible on two prominent platforms: the Omni protocol, where it is denoted as MAID, and the Ethereum ERC20 protocol, where it is represented as eMAID.
Unveiling the Unparalleled SAFE Network: A Revolutionary Approach
The SAFE Network harnesses the untapped potential of everyday Internet-connected devices to create an autonomous data networking layer, facilitating decentralised, secure, and privacy-preserving communications and storage.
This innovative design empowers individuals with absolute autonomy over their personal data, while simultaneously facilitating the development of robust, scalable software platforms, business solutions, and user experiences.
The SAFE Network presents individuals and businesses with a unique opportunity to achieve financial stability by trading their resources, products, content, and creativity, unencumbered by intermediaries, thanks to a highly adaptable and high-performance economic system founded on Digital Bearer Certificates. This system also lays the groundwork for the emergence of a new generation of cryptocurrency technologies.
The SAFE Network’s Robust Security Framework: A Comprehensive Overview
In lieu of blockchain, the SAFE Network leverages peer-to-peer and distributed hash table technology, fostering consensus through collective decision-making amongst small, autonomous clusters of devices—or nodes.
Data uploaded to the Network is fragmented into discrete chunks, subjected to robust encryption, and then dispersed randomly amongst a network of nodes. These nodes are tasked with reliably storing and serving this data over an extended duration, thereby earning rewards. This innovative approach eschews traditional Proof-of-Work in favor of a novel Proof-of-Resource paradigm.
Rewards are bestowed upon nodes in the form of Safe Network Tokens, which can be utilized to procure Network services, such as data storage, employed as a medium of exchange for payments, or converted into other currencies.
The Total Supply of MaidSafeCoins in Circulation
Currently, there are 452,552,412 MaidSafeCoins in circulation, which constitutes 10% of the total supply of Safe Network Tokens that will become available over time following the Network’s launch.
Introducing Safe Network Tokens: The Future of Decentralized Data Storage
The SAFE Network Tokens serve as the native currency of the SAFE Network, functioning as a utility token that facilitates the procurement of Network services, while also enabling the automatic remuneration of contributors who provide resources.
The underlying technology, rooted in decentralized Digital Bearer Certificates, enables cutting-edge digital currency features, including rapid, scalable, and private transactions with zero fees, as well as offline capabilities.
Thus, these innovations will not only fuel the economic incentives of the SAFE Network but also provide a foundation for a new era of digital currencies and monetary services.
The Visionary Founders Behind MaidSafe
At the helm of the SAFE Network is MaidSafe, the visionary team responsible for crafting its innovative protocol.
Conceived by visionary engineer David Irvine, the pioneering project commenced in 2006, with a dedicated team based in Scotland. A successful crowd funding round in 2014 marked a significant milestone, giving birth to MaidSafeCoin.
The project, still anchored in Scotland, boasts a diverse, globally dispersed team comprising visionary thinkers, ingenious inventors, innovative tinkerers, esteemed PhDs, skilled engineers, and creative designers. Their unified mission: to democratize access to security and privacy for all.
Acquiring MaidSafeCoin (MAID): A Comprehensive Guide to Exchanges and Marketplaces
If you’re interested in acquiring, divesting, or exchanging MaidSafeCoin (MAID), you can facilitate these transactions on the following esteemed exchanges:
- The esteemed Bittrex exchange
- The renowned HitBTC platform
- The innovative P2PB2B marketplace
Notably, MaidSafeCoin is also accessible as an ERC20 token, denoted as eMAID.