I think it's reasonable to calculate based on 100% distribution. I certainly am not going to calculate marketcap based on 10% fire sale by founders. Regardless of specific #'s, I'm referring to potential returns for those that participated in the IPO and why the current price is below that mark.
Coinmarketcap.com uses the amount of coin in circulation rather than the amount of coin that will eventually be in circulation. So the current market cap of Maidsafe is $ 4,917,225 based on the amount of coins which were distributed during the IPO...which is 452,552,412 MAID coins.
So the amount of Safecoins that will exist when the Safe Network goes live will be roughly four and a half million - the same as above. Demand for them will theoretically be a bit more than it is now and that will cause a bump in the price. Not sure how much though...
I thought that MAID coins are going to be exchanged for safe coins at a 1:1 ratio. Shouldn't there be an equal amount of safecoins as MSAFE when the network goes live? The strange thing is how there was so much demand for MSAFE when their IPO started, but as soon as the coins could be traded, the mastercoin investors have been dumping. It looks like most of the interest in their project was from people looking for a quick profit. Demand for safecoins might even be lower, especially if safecoin doesn't live up to the expectations from the whitepaper.
haha，maidsafe is shit ！ 
