Review on MidasProtocol by Benaiah A. Akinlade
MidasProtocol: A one stop shop for all your cryptocurrency transactions
Midas Protocol (MAS) is a universal and secure crypto blockchain project that packs a lot of amazing and fascinating features. Some of the facilities on the platform are itemized one after the other in this review:
1. MidasProtocol Wallet which allows you to Store, Swap, Spend, Share, Stake, and transact a wide range of cryptocurrencies.
The crypto currency support is in 3 phases
Phase 1: Bitcoin and Ethereum (all ERC20 tokens inclusive)
Phase 2: Dash, XZC, NEO and NEP-5 tokens, Tomochain and TRC20 tokens.
Phase 3: Monero, XRP, EOS, Stellar, and others
The Midas Protocol wallet cuts across different platforms such as Web, Mac OS, Windows, iOS, and Android.
2. Portfolio Management: Portfolio performance evaluation & report. This includes the Daily, Weekly, and Monthly report on profits & losses of tokens. There is also Portfolio re-balancing periodically with Artificial Intelligence and deep learning.
3. Exchanges: It provides services for tokens to be instantly converted. This is available on multiple decentralized exchanges. There is also provisions to Control and manage funds on different centralized exchanges
4. Advanced order-types: This includes;
- Trailing stop-loss order.
- Conditional trailing stop-loss order.
- Multiple Standby orders.
- DSL for Programmable ordering
5. News and sudden price changes alerts:You can receive News alerts and sudden price movement alerts for tokens you have specific interests in or all the tokens you have in your portfolio
6. ICO news, alerts, and reminders: You get updates on Recommended ICOs, key timeline reminders.
7. Inbuilt Exchanges: It has an Open API for 3rd-parties in order to provide peripheral functions for Midas Protocol such as news curation, market sentiments analysis, Artificial Intelligence bot trading, entries and exits recommendations, and many more
.
Pros
- Available to use on iOS, Android, web, Windows, and Mac
Cons
- MidasProtocol tokens can’t be mined.
- The platform may be too difficult for a beginner to navigate due to multiple functions
- Low capitalization
- Token is still not well traded on popular exchanges
