Midex - Financial platform with an exchange

Midex Introduction

The main problem that Midex people currently perceive is the fact that the cryptocurrency market is separate and continues to grow. There is still no effective way to connect your cryptographic assets to your card or any type of bank account. In addition, it is very difficult to pay for something with cryptocurrency and most companies still do not allow it.

If you want to pay for something with your, say, Bitcoin (BTC). You need the services of several companies to successfully exchange the money and transfer it to the seller. Therefore, Midex plans to set up a centralized trading platform that will instantly exchange your cryptocurrency against the currency you currently need. This will be done at the best exchange rate possible as you will save time and money that would have been spent on additional fees from all the midstream companies.

It is inevitable to mention that the Midex team is aiming high with their project. They called it in their white paper "The First Group of Cryptocurrency" and described its beginning as "the capital event for the entire world economy" .However, we have to admit that this sounds really interesting and if the project is carried out successfully, it can certainly change the way we perceive money.

The services that Midex users will have when registering the platform will involve the exchange of cryptocurrency, escrow, ATMs or cryptomates, payment cards, the ICO center, the investment market, the credit, payment systems.


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Midex - Investment Opportunity

What distinguishes Midex is the support provided by Swiss bankers. The implementation of the project will include an open API and the 10 different and innovative ways to deposit the assets into your account on the platform.
The best thing about Midex is the Midex Token (MDX). If you have some of their chips, you may receive some bonuses and use the token to buy items in their store. In addition, MDX will allow you to purchase information on confidential markets and to post other analyzes. This only opportunity is enough to buy their chips during their sale, which will be discussed later.

Midex Token - Information and Distribution

The Midex Token (MDX) will be the cryptocurrency that will be used both in the system and outside the system. Internal use was mentioned earlier, and external use would include discounts in hotels and cafes. , paying for airline tickets, getting bonuses from many companies and buying tickets to exclusive events around the world. As a result, the purchase of MDX is very profitable and the sale of chips is currently underway.

The MDX token is based on Ethereum and is ERC20 compatible. We were unable to find the exact dates of the end of the sale and the presale started around mid-December 2017. The problem with the final date is that it varies from a website to a website without precise date on the official website. It is possible that the end time is set by reaching a certain amount. There is no soft cap mentioned and the hard cap is 75 million MDX sold, which is the total amount of MDX. The number of chips sold at the time of writing this article is estimated at around 5 million.

A total of 75 million MDX chips will be released in the ICO and 85% will go to investors. In addition, the advisors, the team and the execution of ICO (bonus) will get 5% each.

The only currency currently accepted is ETH. However, we hope this will change soon, because then the idea of ​​the platform will prove invalid. Tokens in the pre-sale were sold ad 1PreMDX = 0.00108 ETH. Currently, the price of 1 MDX is equal to one dollar (1 USD). All unsold chips will be burned.

Presentation of the scenario

This section will provide an overview of the best, most normal and worst case scenario for this business in the future. The following text refers to an opinion and is for informational purposes only. This is not an investment advice. Look for a duly authorized professional for investment advice.

The best scenario would imply that Midex takes over the global market and that people realize its potential, thus massively using the platform to exchange currencies. The value of MDX will increase and the 20% of Midex commission income will be distributed to the token holders accordingly. This means that you can have a pretty solid passive income just by having the chips in your account.

The normal scenario would involve you as an investor with the ability to use all the benefits that token holders have, but it would exclude any type of significant passive income. You will continue to use the platform as a privileged user and will probably have access to additional features that will allow you to take into account your additional investments and speed up the trading process.

The worst case is that the company fails to promote the platform and not enough users accept their technology. This is possible if people around the world generally ignore the power of blockchain technology and cryptocurrency. Thus, we believe that one of Midex's main objectives should be to promote cryptocurrency as the most practical currency to use in the future.

The white paper

The white paper is a 43-page overview of the project and it will tell you everything you need to know about the project. It begins with a comprehensive overview of the issues currently blocking the development of blockchain and cryptocurrency technology. The solution is given below and after that, the white paper goes into detail, describing all the possibilities that will be present on the platform and how the platform will change the world. You can read everything you want to know, including goals and tasks, products and services, implementation solutions, legal regulations, the Midex team, and the Midex token. In addition, the white paper also contains a glossary, a legal notice and references at the end which place it among the well-researched scientific articles.

However, there is one thing missing from the white paper that includes more information on how symbolic selling is distributed. We see this as a minor backtrack because of the fact that the whole point of the platform will be the focus on tokens, currencies and fiduciary money. Thus, we have not been able to find the information on the exact beginning and end of the sale of MDX. Nevertheless, this is an excellent white paper and if you are considering investing in Midex, you will certainly enjoy reading all the details on how they plan to do everything.

The roadmap

This roadmap will list some of the most significant plans for the future and the finished tasks.

• Before ICO - Exchange of Cryptocurrency, Escrow, Platform, Price Aggregation and Public APIs
• Q2 of 2018 - payment acceptance, mobile applications, SWIFT participation, EMI license, blockchain technology, API trading, P2P market for loans, asset management
• Q3 of 2018 - license for bank, savings accounts, settlement accounts, cryptomats, crypto exchange aggregation, mining pool hub, issuance of plastic cards
• 2018 Q4 - Loan, Social Commerce Network, Secure Midex Powered System, Midex Coin Creation
• Q2 2019 - Insurance, Markets for Country Offices, Broker Services, Investment at Risk
• Q4 of 2019 - premium insurance, upgrade of the aforementioned modules

Advantages and disadvantages

Advantages:

• Large team - the team consists of simple professionals who will probably do this project and who have extensive knowledge in law, banking, finance and IT (blockchain and cryptocurrency in particular)
• Support from Switzerland - the first online trading platform for cryptocurrencies (and fiduciary money) that enjoys official support from Swiss bankers
• Incorporation of many cryptocurrencies and fiduciary currencies - for now, only the big ones will enter the game, but they plan to expand
• Detailed and clear white paper - everything you need to know about the project is there, except info on selling chips
• Possible return on investment - if the company does it, you'll do it too
• Token holders will have a privileged position - if you decide to buy chips, you will receive not only bonuses but also special privileges such as plastic cards, privilege programs, participation in the ICO and MIC project, etc.

The inconvenients:

• Not enough information about selling tokens - we have not been able to find the exact dates for the sale of tokens and general information on the details of chip sales
• Only two counselors - both counselors are currently highly respected professionals, but the two counselors (who are both lawyers) are not enough and we expect more people to join the project.
• Currently only accepting ETH - we have not found any information on the project currently accepting anything other than Ethereum for the purchase of their chips and we see this as a minor inconvenience
• Great competition - they are not the only company currently considering being online banking and cryptocurrency exchange office, as there are already platforms that already provide this type of service. The only difference is that it's official and supported.

Conclusion

The idea that people behind Midex have more than promising sounds. The platform will not only be there to support modern banking technology, but also to offer opportunities that the Internet of Things, blockchain technology and Big Data offer. In addition, the kind of security standards they promise to implement is revolutionary and users can feel secure and enjoy their first fully online banking account.

If you are thinking of investing in Midex, now is the time for us not to have detailed information on the future price increase of their token. If all their promises for token holders are true, then you should definitely spare a bit of Ethereum change and consider buying several of their chips yourself.

Midex is still in its infancy and we sincerely hope that the project will succeed, as it will not only help investors and platform users, but also all the world's economies, proving that cryptocurrencies are there to stay integrated in everyday life. use.

The team and advisors

There are currently 11 active team members and 2 advisors. Here is a short list of them and their positions

• Andrey Dubinin - the current president of the company and a successful entrepreneur and co-investor in many companies.
• Dmitry Machikhin - CEO, a lawyer with experience in the financial and banking sectors and startups.
• Alex Shkirin - Tax and Legal Officer, Tax Planning and Audit Specialist
• Evgeny Kaznacheev - CTO
• Valerie Mingova - Public Relations Manager
• Mike Blackwood EMBA - CMO
• Ars Dain - IR
• Stan Sokolovsky - Lawyer
• Max Oleynik - Director of Digital Marketing
• Nick Postnik - hype manager
• Natalia Lukina - project manager

The two advisors are Renato Almeida from Brazil and Gabriel Brack from Switzerland. It is Gabriel who represents the Swiss bankers and is a licensed asset manager of FINMA, providing firm support for the project and the team working on the project.

We think the team is made up of professionals who will be able to create the platform successfully and are about to do it. However, the number of councilors is currently too low and other advisors from around the world should support the project. Ideally, US bankers would provide even stronger ground for the project to take off.

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author : kaka acong

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