'Decentralized Internet' Startup MaidSafe Raises $1.5 Million on BnkToTheFuture Investment Platform



The MaidSafe developer team completed its equity fund-raising round today on BnkToTheFuture.com, raising an impressive $1,581,191 from 240 backers & qualifying investors. The 30-day funding round began on the 12th of September and gave investors the chance to snap up 6.25% of equity in the ambitious startup.

Scotland-based MaidSafe was looking to raise between £1.75-£2 million to finish development of its decentralized file storage network, which rewards cloud storage providers on the SAFE network with Safecoins - digital tokens used by uploaders to pay for storage space.
“With this investment round we are seeking to accelerate progress further by adding functionality and working towards the beta version and beyond.”
The MaidSafe team selected the BnkToTheFuture platform due to its popularity with blockchain, fintech & digital currency enthusiasts.

At press time, the SAFE Network is in alpha stage. Users are able to launch their own webpages and host existing sites on storage infrastructure provided by MaidSafe. File uploads are currently limited to 25 MB per file on the alpha network.

With the successful completion of this funding round, MaidSafe will move towards releasing the beta version - called TEST 8 - where users will start providing storage space to the network with their own hardware.

MaidSafe sweetened the deal for participating investors by offering a fixed amount Safecoins for every pound invested, which will be delivered to investors both digitally and on special memory sticks:
“The Safecoins that we will be offering to early investors will be amongst the first to be farmed on the network by MaidSafe.”
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4 comments :

  1. what we really need is the decentralized financial system like this one, banks are only using our money with charges and taxes while with decentralized system, we need not to pay them, that is the reason why the decentralized currency system is accelerating.


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  2. The recent trend toward ICO's has been generating quite a bit of capital for new blockchain related startups(https://news.bitcoin.com/crypto-landscape-filled-crowdsales/). Some setting records...i.e. FirstBlood raised 5.5M with 10 seconds(https://en.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects). I am surprised that MadeSafe didn't raise more than 1.6M in their initial round, but I am sure it will be a lucrative venture for the investors who got in on that first round.

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    1. MaidSafe actually did raise $6 mil in their initial funding round and it seems now they need even more cash. I'm not sure where all that cash went over the last few years.

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  3. MaidSafe's decentralized file storage network is a very interesting proposition.
    The fact that it uses a cryptocurrency to reward cloud storage providers on the SAFE network for providing storage space could be a tangible earner for those with extra storage capacity.
    The cryptocurrency, Safecoins are digital tokens used by uploaders to pay for storage space.
    Onwards and upwards MaidSafe.

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