Midas Protocol aims “to be the smartest universal wallet for all essential crypto needs from safekeeping, intelligent trading, portfolio management, easy conversion to fiat and spending of cryptocurrencies.” For new cryptocurrency investors it can be a bit overwhelming and they must either rely on centralized exchanges to hold funds or figure out how to set up several wallets of their own.
The first option relinquishes control of their cryptocurrencies and puts full trust in entities which have proven to be vulnerable, while the second approach requires some basic technical knowledge and juggling multiple wallet clients. Midas Protocol offers an all-in-one solution where users can store, exchange, monitor and transact with cryptocurrencies, in a multi-platform client suitable for all levels of experience.
The host of features offered by Midas is extensive, but some of the highlights include:
- An encrypted, multi-currency wallet
- Advanced cryptocurrency portfolio integrated with the wallet
- Trading with linked exchanges directly from the platform without exposing private keys
- Ability to spend crypto on any website supporting cryptocurrency payments via the wallet
- News and market alerts tailored to the cryptocurrencies in your portfolio
- Trading leaderboards with the ability to follow top traders and copy their trades
- Order types beyond what is available on existing exchanges
- Multi-platform coverage including iOS, Android, Windows, Mac and Web applications.
Team & Advisors – 8/10
The Midas Protocol team is largely based in Vietnam and Singapore and boasts extensive blockchain experience, with many of the core team members having played a leading role in existing cryptocurrency projects including TomoChain, Kyber Network, ZCoin and NEM.
Minh Chu, CEO: He is the co-founder of Tomochain where he did research on consensus algorithm and blockchain security. Previously he was the Chief Cloud Architect of VCCloud which is one of the leading Internet companies of Vietnam
Ngoc Nguyen, CTO: worked as core developer of Zcoin and has more than 18 years of programming experience. He also led the development of the 2nd most popular web browser in Vietnam, Cốc Cốc.
Dr. David Nguyen, Chairman & CFO – Chairman of Blockchain Intelligence Group, Chairman of Regulus Investment & Capital Holdings; Advisor for BigBom ICO
Midas’s advisors include Victor Tran (Co-founder of Kyber Network, Forbes 30 under 30), Dr. Long Vuong (CEO & Co-Founder, Tomochain; Co-founder & former Project Lead, NEM), Dr. Thuc Vu (CEO & Co-founder Kambria) among others.
Partners & Investors
Kambria, Tomochain, Regulus, Chainfund Capital
Roadmap – 7/10
Although the roadmap of Midas looks exciting, at this stage there is no prototype. However, the team is working privately on Github which will released later.
Q1, 2018: Platform design
Q3, 2018: Alpha launch of Wallet; Basic portfolio management, Kyber Network integration, Midas Protocol TestNet, Atomic cross-chain transfers
Q4, 2018: Advanced wallet, Multi-exchanges integration, reward engine implementation
Q1, 2019: MainNet release, APIs for 3rd party apps
Q2, 2019: Atomic cross-chain trading release, advanced trading support, machine learning & Ai for advanced technical analysis
Token Metrics – 8/10
Total Hardcap: 18,000 ETH ($12.5M)
Max supply: 500,000,000 MAS
Token sale %: 50%
Positive for short term flip
Neutral for long term hold