Safecoin / MaidSafeCoins IPO thoughts?

[ethought]

Wondering what people are thinking about the upcoming IPO for Safecoin / MaidSafeCoin?

http://www.safecoin.io/

What alarms me it that the IPO is saying 10% of SafeCoins will be available during the IPO which runs until the 10% are sold or 30 days is reached.

That means 429,496,729 are going to be available in the first 30 days.

At a price of 17,000 Safecoins per 1 Bitcoin.

That means they are aiming to potentially raise: 25264.5 BTC or US$12,632,256

Seems excessive to me.

Thoughts?

[BohemianStalker]

overpriced as fuck

but stll gonna buy lol

[AmericanBit]

I was hoping there would be more input...im curious too

[mercury]

So If i get it right, the rest 90% will be mined(farmed)?

[MsCollec]

Ethereum 2.0

[stuartcharles]

Over 1 million usd sold in less than an hour i don't think this will make the day out let alone 30 days.

Good luck to them

[crunchynut]

the website tells you a lot about how to buy this revolutionary innovative whatever-it-is, but very little about what you are buying. some people will get rich here but it's certainly not you.

[qbd1313]

Over 1 million usd sold in less than an hour i don't think this will make the day out let alone 30 days.

Good luck to them

That is so Stupid.

[Amph]

superb scam

[Matthewang]

So If i get it right, the rest 90% will be mined(farmed)?

Yet.I hope that the author is this meaning

[dzarmush]

What happened to the price? I'm interested in this coi since IPO but I don't get it. The price is about 0.5 btc per 17 000 coins. Twice cheaper than IPO price. How could it be? Why would someone sells cheaper than he bought?

[sumantso]

What happened to the price? I'm interested in this coin since IPO but I don't get it. The price is about 0.5 btc per 17 000 coins. Twice cheaper than IPO price. How could it be? Why would someone sells cheaper than he bought?

All those who bought with Mastercoins are raking in a 100% profit right now.

[crazy_rabbit]

What happened to the price? I'm interested in this coi since IPO but I don't get it. The price is about 0.5 btc per 17 000 coins. Twice cheaper than IPO price. How could it be? Why would someone sells cheaper than he bought?

I think they changed that actually- I think it started at 17,000 coins and then started offering more at some point.

Also, people don't make logical choices regarding these things. If they are selling cheaper then they bought, might be a good time for you to take advantage of it. Maidsafe is a pretty ambitious project that will take a long time to start showing a return and development. In the meantime people will lose faith and want to get out. Their panic is your benefit if you have the guts to take on the risk. They have a really good idea. If they can pull it off, those cheap maidsafe coins could be worth tons, and tons.

Just this of it- maidsafe linking up with onename.io will be a powerful technology!

[sumantso]

What happened to the price? I'm interested in this coi since IPO but I don't get it. The price is about 0.5 btc per 17 000 coins. Twice cheaper than IPO price. How could it be? Why would someone sells cheaper than he bought?

I think they changed that actually- I think it started at 17,000 coins and then started offering more at some point.

Also, people don't make logical choices regarding these things. If they are selling cheaper then they bought, might be a good time for you to take advantage of it. Maidsafe is a pretty ambitious project that will take a long time to start showing a return and development. In the meantime people will lose faith and want to get out. Their panic is your benefit if you have the guts to take on the risk. They have a really good idea. If they can pull it off, those cheap maidsafe coins could be worth tons, and tons.

Just this of it- maidsafe linking up with onename.io will be a powerful technology!

If at all ever.

[dzarmush]

What happened to the price? I'm interested in this coi since IPO but I don't get it. The price is about 0.5 btc per 17 000 coins. Twice cheaper than IPO price. How could it be? Why would someone sells cheaper than he bought?

I think they changed that actually- I think it started at 17,000 coins and then started offering more at some point.

Also, people don't make logical choices regarding these things. If they are selling cheaper then they bought, might be a good time for you to take advantage of it. Maidsafe is a pretty ambitious project that will take a long time to start showing a return and development. In the meantime people will lose faith and want to get out. Their panic is your benefit if you have the guts to take on the risk. They have a really good idea. If they can pull it off, those cheap maidsafe coins could be worth tons, and tons.

Just this of it- maidsafe linking up with onename.io will be a powerful technology!

I read about it later and found out that they were giving more coins during first week and since all coins were bought right away everybody got more coins, but it was 23000/1BTC as far as I remember. Still strange. Thanks for detailed answer though.