Crypto Market Report
30/06/17, by Julian Fischer
Maidsafecoin
Crowd sourced internet. There’s a Huffington Post article going around stating that Alpha 2 release will happen on August 12th. This is misinformation. The release will happen as soon as the code is ready, which could possibly happen around that date. Slow but steady development, there were already about 16 different Test-Nets so far. They are currently working on Mutable Data support and an upcoming API. Next to that a dedicated SAFE browser and Authenticator. Might be wise to keep an eye on announcements, regarding the browser release.
It seems like the developers know what they are doing. MAID has been called a Utopian dream, but I see slow and steady progress. Regular Development Updates can be found here:
https://safenetforum.org/
It seems that there is strategical positioning for the Alpha 2 release. Plus, some buyers probably got interested in the project because of the Huffington Post article. Price got rejected by trendline support in the past. It’s a safe hold at the moment, in my opinion. Organic Growth, rising Volume. Good sign. Quite possible that we see a break of the ATH (31k satoshi) soon.
Their economic model is based on a 2-currency system. One of the currencies is called Safecoin, the other one Proof of Resource(POR). Exchange happen with third party upper layer broker applications. POR is not capped, therefore Safecoin is. It is projected that POR will drop in value, while Safecoin should gain value over time. Additionally, the cost of resources and value of Safecoin should establish a diametrical relationship over time, with the cost of resource getting cheaper and Safecoin rising in value over time.
