[NO ICO] First TOKEN MINTING EVENT on the MELON PROTOCOL

[Ferdinand Thomas]

1. The purpose of the token:

Midas Technologies AG intends to use the net proceeds raised in the TGE to develop and market the Midas app in a global scale. Since the app is a community-driven project we deem it most beneficial to address a broad base of investors that have a long-term interest in the product and will be users of the app themselves. MDS thereby is supposed to share the value of the project with investors and pay them value back in a long-term perspective. If the platform scales then the rewards granted to investors scale accordingly.

2. Why we chose to give out a security:

From the beginning we were struck by the idea to create a kind of tokenized share that would pay back value of Midas to its initial investors. Early on we started to work together with excellent legal advisors to find a way to make this legally possible. However, we did not just want to create tokenized stocks of Midas Technologies AG but rather give a share of the technology that we develop. We were looking very sceptically  at all the projects that design an unneccessary token economy within their platform just to able to create a utility token. We did not want to confront our users with such an actually unnecesary token. So we decided to tokenize value right to our technology. It was the more difficult way due to worldwide unclear regulation regarding securities, but being based in Switzerland, we think that we found a very good solution for us and our investors that will help Midas to become a success and brings long-term value to its supporters.

[1714931662]

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[1714931662]

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[1714931662]

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[1714931662]

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[devotedgrassland89]

When will ICO start?

[Ferdinand Thomas]

When will ICO start?

We will have a TGE (token generation event) around July 2018. The excact date and more information will be disclosed soon.

[pzrqvw]

Cool! Im looking forward to this app

[Ferdinand Thomas]

Cool! Im looking forward to this app

We are looking forward to our users! 

[neglectedfireball]

Outstanding concept! Will be following closely.

[Ferdinand Thomas]

Outstanding concept! Will be following closely.

Welcome to the community! 

[grinchguy]

1. The purpose of the token:

Midas Technologies AG intends to use the net proceeds raised in the TGE to develop and market the Midas app in a global scale. Since the app is a community-driven project we deem it most beneficial to address a broad base of investors that have a long-term interest in the product and will be users of the app themselves. MDS thereby is supposed to share the value of the project with investors and pay them value back in a long-term perspective. If the platform scales then the rewards granted to investors scale accordingly.

2. Why we chose to give out a security:

From the beginning we were struck by the idea to create a kind of tokenized share that would pay back value of Midas to its initial investors. Early on we started to work together with excellent legal advisors to find a way to make this legally possible. However, we did not just want to create tokenized stocks of Midas Technologies AG but rather give a share of the technology that we develop. We were looking very sceptically  at all the projects that design an unneccessary token economy within their platform just to able to create a utility token. We did not want to confront our users with such an actually unnecesary token. So we decided to tokenize value right to our technology. It was the more difficult way due to worldwide unclear regulation regarding securities, but being based in Switzerland, we think that we found a very good solution for us and our investors that will help Midas to become a success and brings long-term value to its supporters.

Where is the company iregistered?

[honorato]

Happen to see this interesting community,
Looking forward on this Midas app.
It seems the app got a lot of surprises

[Ferdinand Thomas]

Happen to see this interesting community,
Looking forward on this Midas app.
It seems the app got a lot of surprises

Welcome to the community

[Ferdinand Thomas]

1. The purpose of the token:

Midas Technologies AG intends to use the net proceeds raised in the TGE to develop and market the Midas app in a global scale. Since the app is a community-driven project we deem it most beneficial to address a broad base of investors that have a long-term interest in the product and will be users of the app themselves. MDS thereby is supposed to share the value of the project with investors and pay them value back in a long-term perspective. If the platform scales then the rewards granted to investors scale accordingly.

2. Why we chose to give out a security:

From the beginning we were struck by the idea to create a kind of tokenized share that would pay back value of Midas to its initial investors. Early on we started to work together with excellent legal advisors to find a way to make this legally possible. However, we did not just want to create tokenized stocks of Midas Technologies AG but rather give a share of the technology that we develop. We were looking very sceptically  at all the projects that design an unneccessary token economy within their platform just to able to create a utility token. We did not want to confront our users with such an actually unnecesary token. So we decided to tokenize value right to our technology. It was the more difficult way due to worldwide unclear regulation regarding securities, but being based in Switzerland, we think that we found a very good solution for us and our investors that will help Midas to become a success and brings long-term value to its supporters.

Where is the company iregistered?

Midas Technologies AG is incorporated in Zug, Switzerland

[Mr.BiRoe]

*Token Sale Information coming soon...*
I read the message pinned in the telegram of the project
 token sale in April or May?

[Ferdinand Thomas]

*Token Sale Information coming soon...*
I read the message pinned in the telegram of the project
 token sale in April or May?

Full disclosure of token sale information will come in April - actual token sale will take place around July

[pzrqvw]

Since the project is based on Melon, can users only invest with MLN?

[Ferdinand Thomas]

Since the project is based on Melon, can users only invest with MLN?

It was always the plan that Midas users can invest with whatever currency they like to, even Fiat through connection of mobile wallets like AliPay. Since Melonport recently has eradicated the inflation mode, all investments can now easily be conducted in all available currencies on the platform.

[Namita]

That awesome big team, big vision , Also I see many partner. Interesting project for sure !

[Ferdinand Thomas]

That awesome big team, big vision , Also I see many partner. Interesting project for sure !

Thanks  Welcome to the Community!

[pzrqvw]

Since the project is based on Melon, can users only invest with MLN?

It was always the plan that Midas users can invest with whatever currency they like to, even Fiat through connection of mobile wallets like AliPay. Since Melonport recently has eradicated the inflation mode, all investments can now easily be conducted in all available currencies on the platform.

Ok. Is there any plan to integrate a stable coin?

[Ferdinand Thomas]

Since the project is based on Melon, can users only invest with MLN?

It was always the plan that Midas users can invest with whatever currency they like to, even Fiat through connection of mobile wallets like AliPay. Since Melonport recently has eradicated the inflation mode, all investments can now easily be conducted in all available currencies on the platform.

Ok. Is there any plan to integrate a stable coin?

We are not planing to rely on any particular coin at the moment. However, users are free to choose any of the available stable coins that are available to invest.

[Kween2]

This looks like a very good idea, a capable team and I really want to see how this is going to work with actual people.