The key problem for investors, traders and crypto holders today is the inability to experience the full value of their crypto-assets in day-to-day life.
Unfortunately, despite the fact that plenty of companies have already made steps towards the solving of this problem, we are still unable to freely acquire goods and services with cryptocurrency. Moreover, we can't even freely exchange our crypto-assets to traditional fiat money. The majority of crypto exchanges do not provide the possibility to make such exchanges. And those few who do, charge its customers with quite high commissions. That is why we mostly have to put our assets at risk using the services of external intermediaries in order to exchange our cryptocurrencies to traditional money. At the same time, using these services we also inevitably have to give a large part of our assets, losing a significant part of our investment profit.
At the moment local banks can't solve this issue because of various reasons. Some of them do not recognize cryptocurrencies and refuse to make any operations with them. The others want to serve crypto-assets but because of the lack of the regulation of such assets and inability to introduce it in their banking system due to the different level of its technologies and its vulnerability, local financial institutions prevent them from doing so.
If we just take a look at ICO market, we can see a lot of startups suggesting its product to solve the existing problem of low convertibility of cryptocurrencies. Every single one of them suggests its own approach to the solution of this common issue: some of them provide loans and overdrafts in exchange for the cryptocurrency, some of them - crypto-fiat exchange platforms, and the others try to create digital banks fully supporting cryptocurrencies, as well as traditional payments. However, the future activity of such banks raises a lot of questions concerning the way they are going to provide services not regulated by the local legislation and are not allowed by financial institutions.
Midex is fundamentally different from the rest of the projects due to its ambitions, seriousness, the range of services provided, and its legal activity. Midex is going to surpass its competitors. Imagine your ordinary bank serving your traditional assets. The same thing is going to do Midex, only its functionality and possibilities are much wider than the ones your ordinary bank has.
What stays behind Midex?
Midex is a unique cryptocurrency financial platform, based on a secure blockchain technology, and combining digital bank with the wide range of services, opportunities of the internet of things and exchange.
Midex intends to become the largest and the most reliable partner for crypto-assets holders. Its customers can be private individuals, traders, investors, and businesses. For each type of client, the platform is going to provide a specific range of products and services.
Midex infrastructure comprises crypto-exchange, service providing secure deals (Midex Escrow), payment cards, Midex ATMs, payment accounts for businesses (Midex Payment), ICO center, investment and credit accounts, etc.
Every customer will have the full access to a number of most necessary accounts for crypto-holders: basic account, credit, stock exchange account, savings and PAMM account.
The customers will be able to manage their accounts from their personal cabinet. It provides full access to customers' assets and Midex services via Internet-banking and specially designed applications for iOS, Android, and Windows Phone.
From the personal account center client can receive the full range of banking services: make transfers within Midex system and to other banks' accounts, make payments, take overdrafts and make place deposits, etc.
Thanks to open API, other companies can integrate Midex payment system on their own websites, to receive payments through the Midex payment system. Thus, Midex will become a faithful partner for e-commerce companies and a convenient tool to pay for goods and services with cryptocurrency.
One of the main advantages of the Midex platform is its issue of personal embossed cards for the clients, with which they will be able to pay and get money anywhere in the world. When issuing cash, crypto-assets on the card will automatically convert to the national currency of the country of residence at the exchange rates.
Isn't that convenient? Finally, at least somebody developed the possibility to use the value of our crypto-assets identically to the use of our traditional fiat currencies via banking cards.
However, this is not all! Midex has gone even further. The company considers itself as a digital bank without any offline offices. But for the comfort of the clients, Midex is going to open a chain of its ATMs. With their help, customers will be able to replenish their funds on the account or crypto exchange, exchange their assets, make instant transfers anywhere in the world with the lowest fees.
In my opinion, this is a far-sighted and profitable solution proving Midex's intention to enter the market of financial services for a long time and become one of the main and influential "players" in this area.
How secure is Midex system?
The founders of the platform paid particular attention to the development of a unique security system to ensure the safety of its clients' assets and personal data from external threats and hacks.
For the protection of customers' accounts, Midex uses password encryption Bcrypt, Google 2-Factor Authentication, USB secure token, and biometrics. Clients receive personal private keys to their multicurrency online wallets, that is going to grant constant access to their assets even in case of system shutdown.
The main assets will be stored in "cold" wallets, that ensures the safety of the funds. The important aspect of Midex system functionality is the encryption of all the internal transactions with the help of AES. In case of unauthorized interference or breach of database integrity, the system turns the protection protocol on, namely, blocks all the pending transactions, activates prevention of asset leak protocol and switches to "Standby Mode" until the situation is fixed.
Therefore, such a diversified and thorough protection system causes the desire to entrust storage of my assets on the Midex platform. Moreover, if it confirms its reliability, comfortability and efficiency level, I will think to use it as my main "bank" for the storage of my crypto-assets and use it as a faithful partner for all my financial activities.
I won't describe all the elements and possibilities of the Midex financial platform. All the necessary information you can find in its Whitepaper. Instead, I will focus more closely on possibilities and features of its exchange.
Benefits of the Midex cryptocurrency exchange
Midex has its own cryptocurrency exchange, that is considered by its founders as one of the leading exchanges in the future, along with such giants as Binance, Bittrex, Poloniex, GDAX, Bitfinex, etc. The exchange is already functioning in demo-version and everybody can try it.
Nowadays, a lot of exchange was created, however, 80% of them are not successful and remain out of serious investors and experienced traders attention. For that reason, before speaking of this exchange's potential, we have to analyze all its possibilities and advantages.
Outstanding advantages of Midex exchange:
*Here are the 10 main benefits of Midex exchange. I think we can say that due to the abundance of beneficial terms, security, and comfortability, Midex exchange has all the chances to become one of the leading trading platforms at the market.
It is worth saying that Midex pending ICO is going very well. At the moment almost 18 million tokens were sold, that means that the project has collected almost 18 million dollars as 1 MDX token costs 1$. Although recently Midex team has informed its supporters that their tokens price grew to 1,2$. Quite an impressive tendency and an important indicator of people's support and trust in project's success and demand in the market. But the Midex team is not going to stop on that and is ready to collect even more funds in order to implement all the planned projects within its universal financial platforms.
What kind of privileges Midex prepared for its token holders?
MDX token is an internal token of Midex platform. With its help, all the holders can receive numerous privileges, discounts, and rewards within the platform.
The Midex team pays the ultimate attention to the stability, liquidity, and consistency of MDX token. What are the proofs, you would ask? For example, 50% of all the collected by the project funds will be used to ensure liquidity of the exchange. I think it is a very wise and perspective step because only having a high level of liquidity, cryptocurrency exchange can attract more users and stay at the same level as the world leading crypto-exchanges.
Thus, Midex investors can be calm about the future of the acquired MDX token, as the developers of this platform really care about its future. I think they want MDX token to repeat the story of Binance Coin.
Let's get back to benefits of MDX token. Using it, its holders will able to receive deposit and withdrawal fees discounts, extend withdrawal and transfer limits, use it to improve the conditions of P2P loans, receive various bonuses, purchase goods in the Midex shop, receive qualified trading tips, etc. Outside the platform, MDX tokens holders will be able to get discounts in hotels, e-shops, pay for the tickets, rent of the vehicles, etc.
Besides all the above-mentioned, token holders will be able to take part in the development of the platform through expressing their opinions concerning new products and services of the company in polls held among privileged Midex members.
However, the most significant benefit for the investors is Midex team's intention to distribute up to 20% of daily received trading commission on its platform to MDX token holders. That is unbelievable! Having invested in this project and received its tokens, the investor not only gets the opportunity to earn the profit on tokens' price growth but also regularly receive something like "dividends" from exchange's profit, when it becomes popular. Sounds like the best investment ever.
On Midex website we also can find a special calculator that can help count possible daily commission distributions at different exchanges. For instance, a token holder of 1000 MDX at Binance will be able to count on 6$ a day (approximately 180$ a month), and holder of 3000 MDX - on 18$ a day (appr. 540$ a month). Sounds very tasty, as for me.
In my opinion, Midex has created the most profitable terms and privileges for its investors comparing to existing today on the ICO market. And that is not surprising at all. After all, a successful cryptocurrency exchange always brings fabulous daily profit for its founders. Take a look at Bittrex and Binance. But with Midex it is also a decent profit for those who believed in this project and made his contribution to its successful development.
Those who got interested in this project, as I did, must caution that its ICO ends in a week. So, everybody who wants to take part in it, have to hurry up in order not to miss such an opportunity. All the detailed information on how to invest is available at Midex Website.
Reputation
Nowadays, when a lot of ICOs turn out to be nothing but a scam, one of the important criteria in the choice of right investment is the availability of decent reputation and positive assessment of leading experts in blockchain technologies area. For that reason, I consider that it is important to find out, what popular web-resources analyzing ICO products think of the Midex project and its team.
ICObench estimates Midex in 4,7/5; TrackICO – 4,6/5; Foxico – 8/10; ICOHolder – 4,25/5. As we see, Midex received high rates what is only increases the level of trust and perspectives of this project after the end of its ICO.
Therefore, the analysis of this product gives me all the grounds to consider that Midex is going to become an influential tool for the cryptocurrency integration in our everyday life as not only a valuable asset but also as freely circulating payment means, along with traditional money.
For traders, Midex has all the chances to become an irreplaceable partner and main platform to manage crypto-assets and reliable "wallet" for its storage. At the same time, investors, thanks to high appreciation from Midex founders, as well as unique and unprecedented terms, can earn a superprofit from investing in this promising project.
Information:
Midex Website
Whitepaper
Bitcointalk thread
Twitter
Bounty ID — 4600
