Review on MidasProtocol by LUIS RIVERO R
Decentralized platform for cryptocurrency financial services.
Basically its main support are the services offered by its ecosystem, exchange wallet.
It supports BTC, ETH, and all ERC-20, Dash, Riple, Tron tokens, among other chains are compatible with its protocol.
This project issued the Midas token for its financing, in addition to subsidies approved by the members of the project, this is done in a decentralized way, but its usefulness is basically to finance any project that allows progress in technology related to MidasProtocol.
In general, this platform is a decentralized service to manage digital assets, mainly a wallet that includes several services that make it attractive for any user looking for a safe alternative to protect their cryptocurrencies since it is decentralized and without data custody. It has an easy-to-use platform but it is still safe and complete in what most users look for.
Pros
- Backed up with the services offered by MIDAS.
- Decentralized wallet and without custody of user data.
- Easy to use.
Cons
- The token has little utility off the platform.
- Currently there are other wallets that offer similar services.
