Token Supply
Last updated
Last updated
There will be a total Maximum Supply of 1,200,000,000 whole tokens created over the Network’s lifetime.
MaidSafeCoin (also known and referred to as ‘OMNI MAID’) was the origin token of the MaidSafe project, at the time known as The SAFE Network. It was issued as part of a crowd-sale in April of 2014 (MaidSafeCoin was the 10th crypto token ever to launch). These tokens have a 1:1 relationship to ANT (and Autonomi’s future ‘Native Token’). Token holders also include those with ‘EMAID’ (the current ERC-20 token), these holders will be ‘airdropped’ ANT 1:1 at or shortly following The Network’s Token Generation Event (TGE), following an advised ‘wallet’ snapshot. Also included in this the group of ‘Token Holders’ are those who have earned token allocations via network testing incentives and reward programs prior to TGE - these participants, will receive ANT at a ratio of 1:1 to ‘Test Tokens’.
This allocation represents 38% of the Maximum Supply, an increase of 8% from 1.0 of the White Paper.
In the early years of The Network especially there is need and therefore an allocation for emissions - governed by a smart contract. Based on community feedback this pool has been reduced to 240,000,000 tokens (20% of Max Supply), which will be emitted over a 12 year period. This is a change from 3,167,866,884 tokens, representing 70% of the Maximum Supply, which was to be emitted (at a diminishing rate) over a period of 30 years.
The Autonomi Foundation (formerly known as the SAFE Foundation), will play a critical role in enhancing the network through 3 specific areas of activity:
Network Support: via marketing and partnerships (including but not limited to centralized exchange requirements and liquidity provisions)
Network Support: via network team responsible for improvements and key developments - Native Token, Mobile Nodes and Upgrades
Network Incentive: via reward and incentive payments to network applications, builders and supporters
The Autonomi Foundation will receive payments via a Smart Contract with allocated amounts that will unlock over a 50 year period:
Year 1: 20%
Year 2-5: 34%
Year 6-12: 31%
Year 13-50: 15%
MaidSafe Shareholders
At full network launch (TGE), The Autonomi Foundation will offer to ‘buy out’ all MaidSafe.Net Limited (’MaidSafe’) shareholders, in exchange for Network Token. This will allow MaidSafe, a company, founded by David Irvine and responsible for the design and development of Autonomi, formerly known as The SAFE Network - to be wholly owned by the not-for-profit Autonomi Foundation, removing any potential commercial/conflicts of interests.
The Network team members, employed and/or contracted by MaidSafe will continue to work on key network updates, including, but not limited to Native Token development and deployment, mobile phone node compatibility/operations and security, as well as other upgrades.
Each company share of Maidsafe.net Limited will entitle the bearer to 105.8221941 tokens, resulting in shareholders being allocated 214,748,365 of tokens. Due to the reduction in Maximum Supply this now represents 18% of the Maximum Supply of ANT. Wallet addresses of shareholders will be collected ahead of TGE so that Autonomi Network Tokens (based on release schedule) can be sent to shareholders post their claim.
