As it’s my first time posting to the forum, I’d like to start by saying thank you all for your hard work and innovation, I’m a true believer in the SAFE network and have invested in MAID anticipating it’s release.
However while researching the most efficient way to capitalize my future use of the network with Maidsafe/Safecoin purchases, I ran into the following in the Safecoin whitepaper, “the safecoin farming rate is ultimately the result of the network rate, a balance of the demand and supply on the network, multiplied by the vault rank.”
I also found similar verbiage in whitepapers related to the SAFE network. To an economist, this sounds like an algorithmic mechanism for regulating Safecoin price.
Could you please elaborate on this point further? For instance is this just a check against excessive volatility? Or is there an established price range in mind for Safecoins (similar to the Chinese manipulation of the Yuan)?
Thank you for your time