Long Description (3 sentences) * - The MIDASCAPS ecosystem and business model is predominantly centred around the production of capsules - an innovative technology for conveniently carrying and dispensing nutritional supplements. This physical product, called Midas Capsules, facilitates the creation and use of a utility token, MidasCoin, which can be used for the purchase of capsules and as currency on the MidasEngine platform. In turn, MidasEngine taps into the sharing economy, enabling users to organize local small scale sports events in which anyone to participate for a fee.
The MIDASCAPS ecosystem and business model is predominantly centred around the production of capsules - an innovative technology for conveniently carrying and dispensing nutritional supplements. This physical product, called Midas Capsules, facilitates the creation and use of a utility token, MidasCoin, which can be used for the purchase of capsules and as currency on the MidasEngine platform. In turn, MidasEngine taps into the sharing economy, enabling users to organize local small scale sports events in which anyone to participate for a fee.
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.

3.9
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ICO rating reflects the amount of information available about a project and does not indicate its quality. Therefore, ICO rating must not be taken as investment advice

Closed 3 months, 2 weeks ago

Token Sale 08/02/2019 midnight - 08/31/2019 11:59 p.m.
Country Portugal
Type IEO
Member of this ICO only
K
Keely C. Wilkinson
CSO (CHIEF STRATEGY OFFICER)
Participates in 3 ICOs
R
Rune Rønhave
PRODUCT DIRECTOR AND R&D SPECIALIST
Member of this ICO only
A
Alexandre Mota
INVESTOR & PRODUCTION SPECIALIST
Member of this ICO only
T
Tapendra Shee
BLOCKCHAIN SPECIALIST
Participates in 3 ICOs
L
Lino Maia
IPROJECT CONSULTER
Member of this ICO only
R
Rasel Mahmud
FRONTEND WEB DEVELOPER
Participates in 3 ICOs
A
Azeem Saifi
EDITOR IN CHIEF
Participates in 2 ICOs
A
Ahsan Rasheed
CREATIVE HEAD
Participates in 2 ICOs
Advisors
A
Artem Kobrin
LEGAL ADVISOR
Participates in 2 ICOs
A
Anita Erker
COMMUNITY ADVISOR
Participates in 2 ICOs
3.9
See rating distribution
ICO rating reflects the amount of information available about a project and does not indicate its quality. Therefore, ICO rating must not be taken as investment advice

Closed 3 months, 2 weeks ago

Token Sale 08/02/2019 midnight - 08/31/2019 11:59 p.m.
Country Portugal
Type IEO

Financial information

Platform Ethereum
Whitelist/KYC KYC
Token price 0.02 USD
Bonus Available

Interest

Alexa rank 518,054 th
Twitter followers 6,579
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