Midex is a very ambitious project that offers a financial platform with a large number of services including a digital asset exchange. It aims to make the use of cryptocurrency easier for businesses, traders, brokers, investors and everyday users.
What is Midex?
Midex is a financial ecosystem which aims to bring all the economic participants on a platform where they can do everything related to cryptocurrencies. Its exchange is fully licensed and encrypted for enhanced security.
The services offered by Midex include escrow services, cryptocurrency exchange, P2P loan marketplace, trading API, SWIFT, Savings account, asset management marketplace, social trade network, insurance, ICO marketplace, etc.
In the recent years, cryptocurrencies have gained a lot of popularity among investors, traders and businesses but still it remains largely separated from the rest of the financial system.
For Instance, it is still very difficult to use cryptocurrencies to pay for services and products in the most countries. There is no way to link your crypto wallet with your bank account or card.
Midex Features
- Midex Exchange
Midex exchange gives you access to the cryptocurrency market 24 hours a day while observing all the legal norms. The exchange is designed to be resistant to heavy traffic loads and ensure high-speed operation.
- Midex API
Midex provides a common web platform that brings all the Midex services on a single interface. All the tools and products are operated independently from each other. The architecture offers an enhanced fault-tolerance and keeps the local maintenance easy.
- Smart Contracts
As Midex works as an indirect intermediary and entitles decentralized smart contracts to operate independently. Every smart contract contains a database and provides methods for its amendment and implementation.
- Account Control Center
At the Account Control Center, you will be able to find all the details related to your balance, credit, investment, assets, etc. You can use it the center to transfer funds to other users and much more.
- Escrow Services
Escrow services provided by Midex will safeguard your money on the platform. Until the obligations are fulfilled, it will hold the payments using the autonomous smart contracts.
- Payment Gateway
The midex payment system will work with different types of payment services such as electronic money, bank card and allow you to pay for all types of goods and services.
- ICO Center
Investors are always searching for promising projects for investment but the ICO market is totally unregulated and quite risky. ICO center plays the role of a guarantor for the investors.
- VR Office
Using the VR(Virtual Reality) technology, Midex is building a virtual office that will bring the concept of branchless banking to life.
Midex Over Its Competitors
There is no financial establishments like Midex in the cryptocurrency world. Its platform will allow the users to do anything and everything with their digital money. Instead of using a large number of different services that don't work in sync with each other, Midex offers a solution that you can use for investment, trading, everyday use, etc.
Another major difference between Midex and other establishments is complete automation. No manual evaluation is involved in the execution of contracts and fulfillment of obligations.
Midex Token Details
Hard Cap - $75 million
ICO Sale - 65% Tokens
Team - 20% Tokens
Advisors - 7% Tokens
Bounties - 8%
Token Sale Period - January 15th, 2018 to April 15th, 2018
1 MDX = $1 USD
Team
There are 17 people in the Midex core team and 5 in the advisory body.
Team Members
- Dmitry Machikhin, CEO
- Evgeny Kaznacheev, CTO
- Andrew Dubinin, President
- Gabriel Brack, Financial Expert
- Renato Almeida, Legal Advisor
- Max Oleynik, Marketing Manager
Advisors
- Eyal Hertzog, Blockchain Advisor
- Daniele Azzaro, Strategy Advisor
- Gabriel Brack, Financial Expert
Partners
- IBM
- Ethereum
- The Linux Foundation
- Global Venture Alliance
Verdict
Midex is tied to the platform growth and that's why it seems to be a promising long-term investment. The Midex ecosystem aims to tie together different segments of the crypto-based financial system.
Midex will allow the users to use cryptocurrencies by tying them to the traditional financial instruments. Furthermore, they are using groundbreaking security standards to make sure that their platform remains immune to cyber attacks.
Midex appears to be a promising investment. The project is administered by a proficient team and it has established partnerships with global leaders in technology.