Ok Dan. If in the beginning of SAFE Network, Safex is the first and only app, i believe itās fair to say that 1 SEC = 0,1 x Safecoin (MAID now - or ~ 0,1 x 20.000 satoshis = 2.000 satoshis). Thatās a short-term target.
But, necessarily, SEC must follow MAIDs fluctuations.
There are three forces in the price of SEC: i. the chase of a part of MAID, 10% (always up until we reach now 2.000 satoshis) at top, ii. fluctuations of MAID (could vary) and iii. fluctuations of Bitcoin.
Now we are seeing the allignment of those two forces i. and iiā¦itās pumping +60% as i write this.
There are a fe robots that I had written; I had not updated them recently for bittrex, and have been meddling around in the poloniex.com/tradingApi with Rust, itās quite greatā¦ Along with the poloniex api I will publish.
The Bittrex has a robotic trader which needs a code push update, besides poloniex api, expect an update on safex development regarding transaction forming. Thatās sure a big step as we then will be ready for integrating with SAFE Network;
While this week will be transaction forming, it will still be another week or so before a CLI is ready for everyone to try or see and await SAFE Network connection;
Many thanks; striving to make it the best it should be: private to your comfort, real-time - so quick. And the ability to discern the marketplace and trade with integrity.
@dallyshalla when the safecoin was tied to the safex coin thats when all hell broke loose. Owning Safex coin is a double bonus not only will you be having value on the exchange coing but also the safecoin residually.
Little bit of speculation : the safe exchange will flood with safecoins upon network release
MAID is about 30.000 satoshis and SEC is sleeping.
There are three forces in the price of SEC: i. the chase of a part of
MAID, 10% (always up until we reach now 2.000 satoshis) at top, ii.
fluctuations of MAID (could vary) and iii. fluctuations of Bitcoin.
Even if we account 1% (not 10% of SAFE reward for the totallity of all Apps developed), fair price of SEC is 300 satoshi, not actual 80 satoshis.
Seems someone has bought up around 35 million SEC in the last day pushing the price higher.
On the distribution window for SEC on bittrex the list of the top 50, particularly the top 10 who hold most of SEC on bittrex has remained fairly consistent for a number of days with only relatively minor movement, The big fish had just under 30 million, and the next around 15 million, the next 4 around 9-12 million each, then sharp drop off.
NOW the big fish as been moved to position 2 and the others moved down one as well. The new big fish has 35 million and everyone moved down one position with the same approx holdings.
I thought about it further, 1% of the price of MAID might not be accurate or relevant to say.
Owning a safecoin is just that. Owning a SafeExchangeCoin gets you into a residual Safecoin earnings. So I think that the price per coin could be far different since you can hodl SEC and still gain income. Whereas with Safecoin you have to liquidate to realize that income. Just some thoughts on that
I see other exchanges such as bitshares and counterparty; they do not offer such innovations safex will stand for. Nonetheless, it is not an issue.
1 % of the network trading would be 430.000 safecoin (1% of 43 million), or not?
And why 1%; I think every homepage which is done on the safenetwork will get rewarded out of the 10% app dev pool. So If I buy SEC for 10.000 USD (Price $ 0.000843) I would get around 12 million sec which is around 0,5% of the total sec.
So If I calculate with the real high percentage of 1% -> 430.000 Maid in one year -> @10cent-> 43.000 USD for the complete Safex
So I invest now 10.000 USD I would get around 2000 USD per year.
Thats right?
