ICO short overview
MaidSafe Coin (MAID)
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MaidSafe Coin ICO summary information

Conceptual Model

MaidSafe is a fully decentralized platform on which application developers can build decentralized applications. The network is made up by individual users who contribute storage, computing power and bandwidth to form a world-wide autonomous system.Safecoin can only reside within the SAFE network and will be stored in a users wallet and used in exchange for network services; such as increased storage space and access to network applications.

Project Description

MAIDSAFE stands for Massive Array of Internet Disks + Secure Access for Everyone. The Safe coin is the token of the Maidsafe network which is a project that aims to create a decentralised and distributed internet using computing resources rented out from its user base. Data storage is contributed by users and this will grow the power of the network allowing it to handle greater traffic. The ICO raised $6.4 million in only five hours, accepting Bitcoin and Mastercoin, 452 Million coins were sold which is 10% of the total supply, the remaining 90% will be available to users who 'farm' coins by supporting the network with resources. However as they fixed the price of both payments prior to the sale many buyers rushed to sell BTC and buy MSC to take advantage of the discounted buy rate with MSC. However some buyers who did not swap in time were left with a loss holding MSC. This rush led to a temporary 2x increase in the price of MSC. This unfortunate start somewhat marred Maidsafe's reputation, a report of the events can be found here . However Maidsafe has been in development prior to the Bitcoin and has filed a successful patent application which has given this project a strong and credible history.The Distribution of the funds followed the following structure: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;For more information, please read MaidSafe's Blog.

Founders and Associates

David Irvine

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*Disclaimer: This data should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency/cryptotoken or ICO.
July 11, 2018

PARSEC: The Release of the Code

At the end of May, we announced the release of the PARSEC Whitepaper and RFC. Standing for the Protocol for Asynchronous Reliable Secure and Efficient Consensus, the new consensus mechanism will power not only the SAFE Network but will also help many other decentralised projects looking to...

From: sarahpentland

July 05, 2018

Proof of Resource

The SAFE Network is a vast project which involves many different technological innovations. That’s hardly surprising when you consider that our mission is to provide a new decentralised internet that will provide privacy, security and freedom for the world. But it does mean that it’s not...

From: sarahpentland

June 07, 2018

A Spring in Our Step – May 2018 Update

Following the excitement of SAFE DevCon 2018 in late April, May has been a month of hard work that culminated in the release of PARSEC.  This latest innovation is not only an amazing achievement for the MaidSafe team but also a paradigm shift for asynchronous and permissionless consensus that...

From: sarahpentland

June 01, 2018

PARSEC: A Paradigm Shift for Asynchronous and Permissionless Consensus

On Thursday 24th May, we were delighted to announce the release of a new consensus mechanism that we believe will radically change the world of distributed computing. Whilst we rarely engage in the hype that’s all too common within the crypto sphere, this one is worth shouting...

From: sarahpentland

April 27, 2018

SAFE DevCon 2018: A Hive of Industry

What a day! We’d like to say a massive thank you to everyone who joined us — both in person and online — at SAFE DevCon 2018. It was a unique occasion, as the entire global MaidSafe team joined developers who travelled from all around the world to take part in the SAFE Network’s...

From: Dug Campbell

April 25, 2018

Designing the New Internet

By Jim Collinson I first logged on to the internet back in the early days of the web. A hand-me-down computer from a programmer uncle meant that Christmas of ’94 was a revelation; a new frontier of knowledge opened up in-front of me. The sum of human understanding was being amassed, and was...

From: sarahpentland

April 03, 2018

Another David Joins Team MaidSafe

Positano, Amalfi Coast, Italy Hi all, I’m David Geddes and I’m very happy to have joined this impressively dedicated and motivated team to take on the task of managing customer support.  Everyone has made me feel so welcome during my first couple of days and I’m looking forward to...

From: sarahpentland

New Team Member – Connor Wood

I started writing software when I was 9 years old, after my brother, entirely by accident, discovered an easter egg in a game he was playing. A face, hidden inside a lamp (for those of you familiar with the matter, this was Dan Johnson’s face, a running gag at Insomniac Games for a few...

From: sarahpentland

March 28, 2018

The Power of Stories to Build Networks

Over the last year, we’ve watched with interest as the tech industry press published various articles inspired by HBO’s hugely popular ‘Silicon Valley’ TV show. Although the show is one of those rare beasts – one that’s both funny and accurate about the industry it’s parodying...

From: Dug Campbell

March 22, 2018

Alpha 3 Update

The SAFE Network is a self-configuring and autonomous network designed to manage all our data and communications without any human intervention and without intermediaries. In the past, it has been likened to a cyber brain, complex in nature and requires all component parts to all work in unison...

From: NickLambert

March 15, 2018

New Team Members at MaidSafe!

We’ve had a few new starts here at MaidSafe this week. So, as is traditional around here, we’ll let them introduce themselves. Welcome to Pierre, Lionel and Kayley! PIERRE CHEVALIER One more ant joins the colony. And that particular ant can’t wait to be an active part of this...

From: Dug Campbell

March 09, 2018

MAIDSAFE NEW TEAM MEMBER: STEPHEN COYLE

Hey MaidSafer’s! Thank you for making me feel so welcome since I joined the team/community/movement Here’s a quick intro to me and my background, which will hopefully let you know a bit more about who I am and what I hope to add to the company. Born and brought up in 1980’s...

From: Stephen Coyle

March 06, 2018

MaidSafe enters into Licensing Agreement with Identillect

Here at MaidSafe, we’re building the world’s first and only autonomous data and communications network in which all data will be encrypted and secured by default. This is cutting-edge technology that will be open for anyone in the world to use. We’re passionate about what we’re building...

From: Dug Campbell

February 24, 2018

MAIDSAFE AND EXCHANGES

Yesterday we were informed that Bittrex are going to be delisting MaidSafeCoin. The suddenness of the news, which takes effect on the 9th of March, came as a surprise. The rapidly changing regulatory landscape in the US (where Bittrex are based) is evidenced with the SEC taking a greater...

From: Dug Campbell

February 15, 2018

Announcing SAFE DevCon 2018

  We’re happy to announce that we’re running our second DevCon in Ayr! On Monday 23rd April 2018, the global MaidSafe team will be descending on Ayr Racecourse for an event that’s focused primarily on developers who are currently working (or wanting to work) on SAFE...

From: Dug Campbell

February 07, 2018

Starting 2018 with a Bang – Monthly update on SAFE Network

It has been a very successful and busy start to 2018. Here’s the round up of the best bits from January at the SAFE Network. Development We are almost ready to release a new custom Browser, Peruse following extensive planning and development. The existing SAFE Browser as you may be aware is...

From: sarahpentland

February 02, 2018

New team member: Nadia Burborough

There’s sun in Scotland! Having been living in New Zealand for the past 17 years, I forgot it could actually be sunny in Scotland and how beautiful it is. It’s good to be home! Having spent the last few years in NZ, it was time to come back and reconnect with my Scottish roots and my...

From: nadiaburborough1

December 14, 2017

MaidSafe New Team Member: Dug Campbell

Photo by NASA on Unsplash As we hurtle towards the end of 2017, it’s time to take stock. And the verdict’s in: it’s been a crazy year in the world of cryptocurrency. But thankfully, in most cases, that’s crazy-good, as opposed to crazy-bad. That’s certainly the case for me...

From: Dug Campbell

December 11, 2017

SAFE Network Autumn/Winter 2017 Development Update

It has been a busy few months with the SAFE Network, we have had updates on the Network, the APIs and Browser as well as internal changes here at MaidSafe.   As we continue to grow we have taken the decision to open an office in India.  As we already have a number of key front-end developers...

From: sarahpentland

SAFE Network Autumn/Winter 2017 Update

It has been a busy few months with the SAFE Network, we have had updates on the Network, the APIs and Browser as well as internal changes here at MaidSafe.   As we continue to grow we have taken the decision to open an office in India.  As we already have a number of key front-end developers...

From: sarahpentland

October 07, 2017

Autonomous Data Networks and Why The World Needs Them

Photo Jingyi Wang At MaidSafe we talk about the SAFE Network being ‘autonomous’, but what does that really mean? The phrase is something that we are becoming more familiar with, as we hear talk of autonomous vehicles and autonomous robots; as such we probably have a grasp of the underlying...

From: NickLambert

September 21, 2017

SAFE Network Alpha 2 (The Authenticator) Launch Announcement

Today we are excited to be releasing the next major milestone in the roll out of the SAFE Network, Alpha 2 – The Authenticator. This latest step is a culmination of a significant amount of hard work from the MaidSafe team, and much testing from the superb SAFE Network community. The...

From: NickLambert

September 15, 2017

SAFE Network: Mobile Tech Preview

As MaidSafe continues its progression in the role out of the network, we have hit another important milestone that we would like to share. We now have SAFE mobile applications, running on Android and iOS, and today we have released some demonstration apps to showcase this progress. iOS requires...

From: NickLambert

September 11, 2017

Beyond a copy of the Internet.

This is a repost of a piece that David wrote on his own blog https://metaquestions.me on the 6th of September 2017 exploring some of the use cases of the SAFE Network. Metaquestions We know Artificial Intelligence (AI) is coming, we see the Internet of Things (IoT) happening. We know trains,...

From: NickLambert

August 28, 2017

SAFE, use case. Honest data networks

This is a repost of a piece that David wrote on his own blog https://metaquestions.me on the 21st of August 2017. Metaquestions Photo by Markus Spiske on Unsplash Initially this “use case” is more like a “reuse case” to solutions that some blockchain based projects have promoted...

From: NickLambert

August 25, 2017

Data is the currency, literally!

This is a repost of an article that David wrote on his own blog https://metaquestions.me on the 15th of August 2017. Metaquestions Photo by Freddie Collins on Unsplash In the last post, I discussed “the impossible network“, an autonomous network designed to protect the worlds people...

From: NickLambert

August 22, 2017

The Impossible Network

This is a repost of a piece that David wrote on his own blog https://metaquestions.me on the 12th of August 2017. Metaquestions In recent weeks and months, the MaidSafe team have been very quietly progressing something quite amazing.  The dedication and commitment of the team is admirable,...

From: NickLambert

August 02, 2017

SAFE NETWORK DEVELOPMENT SUMMARY – AUGUST 2017

Since the last blog update in May we have published new test networks that are helping us to evaluate much of our recent development work. If you recall, we made several changes to be able to accommodate mobile devices as network clients. These changes included the addition of the Authenticator...

From: NickLambert

May 15, 2017

Power of the Crowd Series: Number Four

It has been a while since we shared our initial thinking around the challenges facing the internet and we have had some excellent reaction to the discussion so far. We very much appreciate the feedback and it is pleasing to see this is a timely discussion. Everyone from Sir Tim Berners-Lee,...

From: NickLambert

May 04, 2017

SAFE Network Development Summary – May 2017

We’ve had quite few requests on social media and on email these past few days requesting updates on development progress. These messages serve to remind us that not everyone has the time or the inclination to read the weekly development updates which we post each Thursday onto the forum. So...

From: NickLambert

November 01, 2018 16:35

How to Take Part in the Crust Test (v2)

The latest Crust Test is now live! This video will help you get involved and explain what results you should expect from the dashboard.

Crust ('Connections in Rust') lies at the heart of the SAFE Network as the way in which computers speak directly to one another on the Network. This test allows users to experience Crust in the wild with connections being created by a combination of UDP, TCP hole punching and direct connections.

Find out more about Crust and the SAFE Network
https://safenetforum.org/t/crust-test-v2-join-the-live-test/26053
https://crusttest.maidsafe.net/
https://safenetforum.org/
https://safenetwork.tech/
https://letstalkbitcoin.com/blog/post/safe-crossroads-45-approaches-to-alpha-3-with-nikita-baksalyar


October 17, 2018 16:41

How to take part in the Crust Test

After outlining the road to SAFE-Fleming, our next major milestone, today we’re happy to announce the release of the first stage: the Crust Test.

This video will walk you through how to take part in the live test of our peer-to-peer connections library: Crust.

https://safenetforum.org/t/crust-nat-traversal-test/25799
https://crusttest.maidsafe.net/
https://medium.com/@maidsafe/the-release-of-the-98c63ac43423
https://twitter.com/maidsafe
---
On MacOS you can expect to see a pop up that warns that the client executable “can’t be opened because the identity of the developer cannot be confirmed". The software has in fact been signed but because the client is a Unix executable rather than a packaged Mac app it is flagged by the system. For more information on how to deal with this please visit our forum.


September 27, 2018 19:44

XOR URLs Proof of Concept

MaidSafe engineers Gabriel, Josh and Hunter describe sharing and accessing a SAFE Network file without the need to publish it with the Networks Decentralised Naming System (DNS). They call it XOR URLs as it is based on the XOR addresses of the native SAFE Network data types.


September 13, 2018 18:35

A Deep Dive into PARSEC | Seen, Supermajority, Unseen

Co-Authors of the PARSEC Consensus Algorithm, Pierre Chevalier and Bartlomiej Kaminski dive deep into the PARSEC consensus mechanism at the Work On Blockchain Meetup in London on 11th September 2018.

This is one of seven video which can be viewed as a playlist

https://safenetwork.tech/
https://workonblockchain.com/
https://github.com/maidsafe
https://docs.maidsafe.net/Whitepapers/pdf/PARSEC.pdf


September 13, 2018 18:35

A Deep Dive into PARSEC | BV Gossip

Co-Authors of the PARSEC Consensus Algorithm, Pierre Chevalier and Bartlomiej Kaminski dive deep into the PARSEC consensus mechanism at the Work On Blockchain Meetup in London on 11th September 2018.

This is one of seven videos which can be viewed as a playlist

https://safenetwork.tech/
https://workonblockchain.com/
https://github.com/maidsafe
https://docs.maidsafe.net/Whitepapers/pdf/PARSEC.pdf


September 13, 2018 18:34

A Deep Dive into PARSEC | Common Coin

Co-Authors of the PARSEC Consensus Algorithm, Pierre Chevalier and Bartlomiej Kaminski dive deep into the PARSEC consensus mechanism at the Work On Blockchain Meetup in London on 11th September 2018.

This is one of seven videos which can be viewed as a playlist

https://safenetwork.tech/
https://workonblockchain.com/
https://github.com/maidsafe
https://docs.maidsafe.net/Whitepapers/pdf/PARSEC.pdf


September 13, 2018 18:34

A Deep Dive into PARSEC | Concrete Coin

Co-Authors of the PARSEC Consensus Algorithm, Pierre Chevalier and Bartlomiej Kaminski dive deep into the PARSEC consensus mechanism at the Work On Blockchain Meetup in London on 11th September 2018.

This is one of seven videos which can be viewed as a playlist

https://safenetwork.tech/
https://workonblockchain.com/
https://github.com/maidsafe
https://docs.maidsafe.net/Whitepapers/pdf/PARSEC.pdf


September 13, 2018 18:34

A Deep Dive into PARSEC | Gossip

Co-Authors of the PARSEC Consensus Algorithm, Pierre Chevalier and Bartlomiej Kaminski dive deep into the PARSEC consensus mechanism at the Work On Blockchain Meetup in London on 11th September 2018.

This is one of seven videos which can be viewed as a playlist

https://safenetwork.tech/
https://workonblockchain.com/
https://github.com/maidsafe
https://docs.maidsafe.net/Whitepapers/pdf/PARSEC.pdf


September 13, 2018 18:34

A Deep Dive into PARSEC | Introduction

Co-Authors of the PARSEC Consensus Algorithm, Pierre Chevalier and Bartlomiej Kaminski dive deep into the PARSEC consensus mechanism at the Work On Blockchain Meetup in London on 11th September 2018.

This is one of seven videos which can be viewed as a playlist

https://safenetwork.tech/
https://workonblockchain.com/
https://github.com/maidsafe
https://docs.maidsafe.net/Whitepapers/pdf/PARSEC.pdf


September 13, 2018 18:33

A Deep Dive into PARSEC | Malice

Co-Authors of the PARSEC Consensus Algorithm, Pierre Chevalier and Bartlomiej Kaminski dive deep into the PARSEC consensus mechanism at the Work On Blockchain Meetup in London on 11th September 2018.

This is one of seven videos which can be viewed as a playlist

https://safenetwork.tech/
https://workonblockchain.com/
https://github.com/maidsafe
https://docs.maidsafe.net/Whitepapers/pdf/PARSEC.pdf