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.
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.
0 - 6 Months
6 - 12 Months
12 - 18 Months
18 - 24 Months
Attention. There is a risk that unverified members are not actually members of the team
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