Fraudulent MaidSafeCoins

It has come to our attention that fraudulent MaidSafeCoins are currently being traded online. This is clearly unfortunate and is not a problem specific to just MaidSafe, we have heard of other organisations that have experienced similar issues. Despite being designed for legitimate use, some platforms, such as Counterparty, enable users to create fraudulent assets, or coins. As many of these networks are decentralised, and to some extent anonymous, it is not possible for the fraudulent issuance of coins to be banned or stopped.

As the following article points out, there are ways to determine if coins are counterfeit. Our recommendation is that that users looking to acquire MaidSafeCoins do so only via recognised exchanges, such as masterxchange or Poloniex.

This will be a temporary issue as once the SAFE network goes into beta, MaidSafeCoins will be traded on a 1:1 basis for safecoins. Within SAFE, only the network is able to generate new coins.