"Autonomi": Decentralizd cloud, 14yrs develpmt, a sleeping giant

Fundamentals:
WHAT IS AUTONOMI?
Autonomi (formerly MaidSafe) bills itself as “the internet’s crowd storage layer”. It does this through using the spare capacity of everyday devices to build an autonomous, “data and communications layer” on the Internet.

This will enable users to “store data, communicate, access knowledge, build businesses, run services…without…middlemen or gatekeepers. It's designed to give people complete sovereignty over their personal data, yet still allow rich and scalable software platforms and user experiences to be built on top”. This seems to expand beyond the decentralized cloud storage in projects like FileCoin, to become a broader decentralized data and communication network.

TARGET AUDIENCE:
Autonomi appeases different target audiences such as:

• libertarian market (Autonomi aims to give sovereignty over ones ‘digital lives, allowing them to participate…regardless of their location, status, or access to capital’).
  
• the environmental market (idle computer power is used by Autonomi to power decentralized networks compared to less efficient private VPS/server hosting).
  
• the privacy market (end to end encryption, quantum proof, privacy by design).
  
• the mainstream computer user market (ease of use, built for consumer devices, networks are lifetime hosting, onetime fee, one password for all data/apps?, purports to being secure and efficient).
  
• the anti crypto market (Autonomi’s protocol itself isn’t based on blockchain, only the token is).
  
• the pro crypto/internet entrepreneurs (can earn tokens for hosting, create apps on the network and speculate on the token).
  

BASIC DESIGN:

• Data is split into 'chunks', encrypted, and dispersed across the globe.
  
• Data is stored on everyday devices, called nodes, which offer their spare capacity.
  
• Nodes are incentivized to hold and serve data through a native currency called 'network token(s)'.
  
• Data is stored for the lifetime of the network, with a one-time fee at the point of upload, ensuring perpetual data storage.
  

MISCELLANEOUS:
Autonomi (originally MaidSafe ) is the brainchild of Scottish engineer David Irvine who has been working on the project since 2006. Maidsafe rebranded to Autonomi, recently. The team is here to stay and dedicated to the project. Development seems to be funded by their crowdsale in 2014, which generated $7m, and donations (time and money). The token MaidSafeCoin will be exchangeable 1:1 for the Autonomi protocol token. MaidSafeCoin was originally on the Omni protocol but is now also on an ERC20.

TOKENOMICS:
MCAP: ~$215m

• Genesis mint: 1.29b token minted at the genesis block.
  
• The remaining 70% of the supply will be emitted over approx 30 years to node operators.
  

It is worth noting that there are currently ~423m MaidSafeCoin on the omni layer that have been tradeable nearly for 10 years (although most exchanges appear to have delisted the MAID/BTC pair). The majority of these tokens have been dormant for years. If we assume they are just being hodled, we can also equally assume they are lost. Conversely, there is also an ERC20 pool of 29,572,507 of MaidSafeCoin, which will be abbreviated as EMAID/USDC.

The market cap impact due to the redemption of omni tokens for Autonomi’s tokens, later this year, is an interesting issue.

Protocol use will be incentivized through the protocol’s token emissions. ‘Tokens are automatically distributed by the Network to the operators of Nodes as payment for the supply of data storage, bandwidth, and compute resources’.
Its also interesting to note that to ensure congruent stability, usage and avoidance of spam, their ‘dynamic’ pricing model is used.

Currently token inflation is nothing. Even when the protocol goes live later this year, token inflation will be hard to guess with certainty as the rate of adoption is unknown, without more data.

Technicals:
Looking at the old omni MAID/BTC chart, it was in gradual descent since 2020. The EMAID/USD is the opposite. It has been sideways for a while and is now slowly ascending.
On the EMAID/USDC chart, there was an outlier accumulation wick from $0.45 to $10 with 492k EMAID.

Daily MACD & RSI are are approaching slightly overbought territory, but this is to be expected given the hidden bullish divergence on EMAID/USD and a largely bullish crypto macro environment.

Entry:
Accumulation of EMAID under $0.3 seems to be ideal (strong support). Given low liquidity, this is possible. Conversely, since 4 March we haven’t been below $0.43. Such a large drop is also increasingly less likely as BTC’s 4 year cycle turns bullish. Moreover, as institutions increasingly adopt BTC & ETH, this will drag alts upwards in USD terms.

If one does not care about drawdowns, staggered orders between $0.1-0.6 could be one viable strategy if one holds long term (1-3 years).


Targets:
If this becomes as popular as FileCoin which has a 3b mcap at the beginning of the cryto bull run, then its not unreasonably to expect that Autonomi could rise to 3b (x15), assuming the protocol works and the network effect occurs.
Target 1: 500m mcap
Target 2: 1b mcap
Target 3: 2b mcap
Target 4: 3b mcap
Target 5: 10b mcap (if mass adoption)


Source: Autonomi website/forum/documentation.

Disclaimer: Entertainment/Educational, not financial advice.

Comment:

Also, Autonomi's MVP is slated for release later this year (~October) according to Autonomi's forum and discord. This will coincide with the release of the Autonomi utility token, which will rewards nodes and be redeemable with MaidSafeCoin (both Omni and EMAID).