Midascoin

Midascoin

Created using Figma
Created using Figma
The MIDASCAPS ecosystem and business model is predominantly centered around the production of capsules - an innovative technology for conveniently carrying and dispensing nutritional supplements. This physical product, called Midas Capsules, facilitates the creation and use of a utility token, MidasCoin, which can be used for the purchase of capsules and as currency on the MidasEngine platform. In turn, MidasEngine taps into the sharing economy, enabling users to organize local small scale sports events in which anyone to participate for a fee.
Aug 2, 2019
Aug 31, 2019
67% completed
Raised funds - no Data
14.9 K
Goal 2 250 000.00 USD
ongoing
Token Details
Ticker
MDC
Total supply
250 000 000
Accepted Currencies
ETH, BTC, XRP
Company Details
Registered Country
Portugal
Additional Details
Platform
Ethereum
KYC
Yes
Categories
Platform

About Midascoin

How does the project create value to the ecosystem and differs from competing projects?

While MidasCoins are labelled as flexible supply, it is important to realise that the tokens are inflationary in the short run, but deflationary in the long run. 

MidasCoins are going to increase in supply with the production of new capsules, but the amount of new coins released into circulation becomes minimal by year 7-8 due to the halving each year. In the meantime, burning MidasCoins equal in value to the 5% fee for each transaction on the MidasEngine platform ensures that the token supply will deflate in the long run.

Features

MIDASCAPS’ revenue (with regards to MidasCoin) has two components:
Sale of MidasCaps (under the assumptions of 20% of the sales volume facilitated by MidasCoins). This production is assumed to start at 4 MM MidasCaps per month, at an average price US $0.32 and steadily ramp up to 19 MM MidasCaps over the course of 5 years.
Transactions on the MidasEngine platform, entirely facilitated by MidasCoins. Since sports sharing is a relatively new concept, no market data is available for the potential market size and adoption. When performing our estimations, we have assumed a target adoption at business maturity of 0.1% annually of the total sports market (worth 90 bn), over the course of 10 years. The revenue itself is based on the fact that we plan to launch the MidasEngine in Year 2 and that we will charge a 10% fee for each transaction on the platform.

Midascoin Roadmap

  • 0 - 6 Months

  • Complete pilot production in Brazil
    MidasMobile Initial version
  • 6 - 12 Months

  • High scale production in Brazil
    Initiate high scale production in Portugal
    MidasEngine Development
  • 12 - 18 Months

  • Reach full scale production in Portugal
    Launch MidasEngine MVP
  • 18 - 24 Months

  • MidasEndgine fully-featured release

Activity

Posts:
76
LOW
Followers:
6 780
HIGH
Likes:
496
VERY LOW
Followers:
8 425
HIGH
Tweets:
77
LOW
30 Days Growth:
-195
Members:
2 093
MEDIUM
30 Days Growth:
381
Alexa

Rank:
1 030 149
VERY LOW
Delta:
0

Midascoin Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Octaviano Menezes
CEO & Founder
unverified
Keely C. Wilkinson
CSO (Chief Strategy Officer)
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Artem Kobrin
Legal Advisor
unverified

Midascoin Last News

N/A
5.0 10
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