MaidSafeCoin/Safecoin (SAFE) is the cryptocurrency for the SAFE (Secure Access For Everyone) network.
The SAFE network is an initiative to decentralize the internet. The goal is to do away with third party central servers in order to enable privacy and anonymity for internet users.
The MaidSafeCoin IPO was conducted through Masterchest accepting both Bitcoin and Mastercoin. Safecoin will give users and developers a stake in the SAFE network project.
MaidSafeCoin uses a Proof of Resource for miners to earn coins. It works in a completely different way as compared to other major cryptocurrencies like Bitcoin, Litecoin, and others.
One can prove a resource ownership using hard drive storage, CPU power, and bandwidth.
Ideally miners will be able to trade their computing resources for MaidSafeCoin.
Learn more about MaidSafeCoin at http://www.safecoin.io/