Review on MidasProtocol by phuong cong
Evaluation of the Midas protocol project and its open ecosystem
Midas protocol is a founded project from the Vietnamese team,
Midas wallet and the accompanying ecosystem is what they stated in the white paper to solve the problems of storing digital money as well as exchanging them on the spot.
They claim that traders as well as novices can easily get used to the ecosystem they create.
Focusing on developing crypto wallets that store cryptocurrencies like BTC, ETH and other popular coins, they also develop their own transaction system with ROI rankings, social electronic payment platform. Decentralized association with zero fee and lightning speed, electronic payment gateway.
Midas wallet supports many popular blockchian types like Bitcoin, Kyber, xrp.
They also have many partnerships with Tomo, CMC, and Revain.
Pros
- Midas wallets and their ecosystem solves some of the problems facing decentralized exchanges and existing wallets.
- Easy to use for both traders and Newbie
- The white paper has many languages so that investors can learn easily about the project
- Supports storing multiple coins and tokens on multiple Blockchain platforms
- The ecosystem is open and has many major partners like Revain
Cons
- Midas and its main product, Midas wallet, suffered fierce competition from big competitors
- Midas token is listed on a small, low-liquidity exchange
- Midas wallet users are still not many
