Yesterday we were informed that Bittrex are going to be delisting MaidSafeCoin. The suddenness of the news, which takes effect on the 9th of March, came as a surprise. The rapidly changing regulatory landscape in the US (where Bittrex are based) is evidenced with the SEC taking a greater interest and more proactive approach in cryptocurrencies. While we can’t say too much about the process that led to the decision (as we had been asked to sign NDAs) the reason provided was MaidSafeCoin’s current lack of utility on the SAFE Network.
We appreciate liquidity is very important to MaidSafeCoin holders and moving forward we are currently having discussions with multiple exchanges and have already put plans in place to list with a large exchange outside the US. We will be working with them on promoting the new listing and we’ll make a joint announcement about this as soon as we can. MaidSafeCoin continues to be traded on Poloniex, HitBTC, Upbit, Cryptopia and CoinSpot.
For those who have coins listed on Bittrex they confirm on their website that they will give users “…up to 14 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline.”
Focus remains on product
This announcement comes at a time when things are going well within the company and the community. Our team has continued to grow with quite a few new recruits being hired in recent weeks. The company is also well funded and there is more than sufficient resources to facilitate Network beta launch and market the network.
We’re also looking forward to hosting SAFE DevCon 2018 on the 23rd of April 2018 in Ayr, Scotland as it represents a fantastic opportunity to spend some time with part of our 7,500 strong community who are actively developing a number of apps that include decentralised content management systems (SAFE CMS), a decentralized music player (JAMS), file storage (SAFE FS), mail applications and many more. Many of these apps are already designed to support the SAFE Networks new bespoke web browser which is currently being community tested.
This continued focus on ‘the product’ is where we believe we provide real value, both to the world at large and to holders of MaidSafeCoin.
So despite this setback, there is much to be optimistic about in the near future. We will update you with additional exchange listings in collaboration with our partners and keep you updated with development updates weekly via the forum.