The MAID ICO has been classed as failed
There are three big ICO failures that entrepreneurs and investors should study. The DAO, CoinDash and the original ICO, Maidsafe. I spoke with Daniel Dabek, the CEO of the Safex decentralized marketplace and previous member of Maidsafe’s core development team to share his thoughts on what happened with the Maidsafe ICO.
“Maidsafe launched it’s ICO on the Mastercoin protocol, now called OMNI. The original plan was to only accept Mastercoin for 10% of the crowdsale since there was not much market liquidity for Mastercoin. Bitcoin would make up the rest of the sale. However, the smart contracts did not work as intended, there was a technological failure and Maidsafe ended up with Mastercoin making up 60% of the sale.”