Community and Media9.0/10
- Many order types available on the platform.
- If the Midas platform is closed then also you can access your trade history.
- Social trading aspect is verified based on blockchain data.
- Access to multiple exchange platforms which will help in liquidity and for the best prices.
- Strong early adopter packages.
- No working product.
- Lack of stacking.
In today’s world it will sound silly if I ask you that what is bitcoin or cryptocurrency and their exchange platform.
Yes I will sound silly because nowadays I think almost everyone knows about Bitcoin, cryptocurrency and the cryptocurrency exchange platform. They have created a unique and new class of assets. In addition to that the investing in these crypto assets has increased rapidly due to the instant growth of cryptocurrency.
In the start of 2018 the profit of Binance was greater than Deutsche Bank which comes in one of the largest and biggest banks in Europe. Coinbase managed to collect a total revenue more than $1 billion in 2017.
Seeing all this we can understand that the world is moving towards the new digital currency era. But saying these will be too early because it has many drawback in present that needs to covered. Investors and crypto traders are facing security risks, confusions, complexity, price breaks and general lack of quality of cryptocurrency investment and management options.
These all problems make cryptocurrency limited for the type of users. Managing private keys, wallets, securing digital assets are a headache even for the experienced traders.
Midas protocol promises to give a complete solution for all the problems mentioned above.
What is Midas Protocol?
Midas protocol is basically an intelligent platform created for crypto-traders. The platform can be used by the beginners as well as by the experts. It comes with a Midas protocol wallet in which users can store multiple types of cryptocurrency.
Midas is an intelligent platform for analysis and trading directly with highest privacy and security standard. Transactions are signed locally. It means that the user’s private key is never sent outside the ecosystem. This makes user independent in terms of trust keeping on third parties including Midas also.
The main aim of the platform is to become smartest universal wallet for all essential crypto needs for storage, intelligent trading, portfolio management, easy conversion to fiat and spending of cryptocurrency. On Midas platform any user can create investment portfolio for a personally customized basket of crypto-assets.
What problems Midas will Tackle?
- Lacking of tools and order types.
- Risks and issues of centralized Exchanges.
- Time-consuming and inefficient portfolio management.
- Unverifiable crypto news and analysis.
- DApps inconvenient token exchange.
How Midas will solve these problems?
The first solution of the platform is architecture design and components. In this user will get a secure and user-friendly multi-coin and multi-chain wallet. This wallet will runs on all major platforms Windows, UNIX, IOS, Android, web. As it is a multi-chain wallet so it is encrypted, more private with no scripts. The architecture consist of wallet services, portfolio services, trading services, market services.
Trading Dashboard & backend system with APIs for third parties. Midas platform supports many order types such as Stop loss order, trading stop loss order, conditional trailing stop loss order, multiple standby order, other common order types, and DSL for programmable ordering. This solve the problem of limit order and stop limit order that are main problems of other platforms.
The platform has portfolio management which has crypto breakdown and history chart. Opportunity and threat detection techniques are also developed in this project.
How does the Midas platform works?
Having many exchanges connected on to the case offers variety of advantages. For starters, the power to interact across many cryptocurrencies without moving the funds from a wallet to the exchange which has a particular coin.
What is more, the Midas platform can monitor costs across connected exchanges to work out that exchange has the simplest rate for specific pairings. Users will tack together a setting referred to as “slippage” for the percentage deviation they are want to simply accept and also the system will then confirm that exchange to interact on supported liquidity and least slippage.
The power to execute orders on multiple exchanges at the same time are going to be additional at a later section.
|Token sale||15th May 2018 to 15th July 2018|
|Presale||25th May 2018 to 10th June 2018|
|Public sale||1st July 2018 to 15th July 2018|
|Fundraising Goal||20,000 ETH|
|Price in ICO||1 ETH = 10,000 MAS|
|Token available for sale||250,000,000|
|Min. investment||0.5 ETH|
|Distributed in ICO||50%|
|Soft cap||5,000 ETH|
|Hard cap||18,000 ETH|
Pioneer sales: 35% bonus
Public sale: No bonus
The project is very useful for cryptocurrency investors, traders and marketers. However connection with so many cryptocurrency exchange platform may lead to the network lag and problems. Developers need to make the platform more stable. Fees is another factor to watch.
I hope you like this post. Please share this post with your friends and family.
- 1 Midas ICO
- 2 Pros
- 3 Cons
- 4 What is Midas Protocol?
- 5 What problems Midas will Tackle?
- 6 How Midas will solve these problems?
- 7 How does the Midas platform works?
- 8 Token Info
- 9 Conclusion