[ANN] Midas (XMID) — native currency of Midas, Monero-class privacy

Midas (XMID)
Private. Own chain. Built-in verifiable burn.

midascoin.info

Technical paper (v1.1) | GitHub | ANN thread link

Important notice
We strongly recommend building from source. Windows and services like VirusTotal often flag Monero and Monero forks as miners (false positives). We will not publish or endorse prebuilt release binaries in this announcement until they have been checked and attested by volunteers from this forum — to avoid any claim that we are spreading viruses. Until that happens, the only supported way to run Midas is to compile it yourself from the public repository.

What is Midas
Midas (XMID) is the flagship currency of the Midas ecosystem — a privacy-first coin on its own blockchain, not a wrapped asset on foreign rails. Technically it sits in the same weight class as Monero: ring signatures, stealth addresses, RingCT, Bulletproofs+, view tags, Dandelion++, subaddresses; its own genesis, its own Network ID; P2P 19080, RPC 19081, ZMQ 19082; ~2-minute blocks; RandomX PoW so ordinary CPUs can mine and hashrate stays decentralized.

XMID is not “one of many deposit options” in the long run — it is the native monetary layer Midas Games is built around. As the product matures, the model moves toward mandatory games chips: to sit at the tables and spin the wheels you buy XMID-backed chips — not optional side credit. That turns every new player and every session into recurring demand for the coin, on top of trading and mining.

On top of that, XMID is burned inside the game layer: a slice of action flows to the unspendable genesis burn address and to scheduled house buyback-and-burn, so supply pressure isn’t a slogan — it’s wired into how the games run. Privacy on-chain, provable sinks, and a games economy that has to keep buying XMID to function — that’s the Midas thesis.

Genesis burn you can audit
Midas ships a deterministic burn address: no spend key was ever generated for it — coins sent there stay gone, and anyone can re-derive the address and check it against the chain. get_burn in the CLI, /get_burn on the daemon, plus midas-gen-burn-address and midas-verify-burn-address in the repo. Full write-up: Technical paper §9.4.

How to earn XMID
• Chain mining: Official GUI wallet for Windows, macOS, Linux — run RandomX against the Midas network for block rewards. Download from GitHub Releases or build from source (recommended; see Important notice above).
• Android: Midas Games — real-money-style games plus a tapper mini-game. This is not on-phone PoW; it’s the mobile side of the ecosystem. midascoin.info

XMID × Midas Games
30% of house gross revenue goes to open-market buybacks and burns of XMID, every month, automatically. Every play burns a slice of XMID to the fixed unspendable genesis address — irreversible on-chain. Stake XMID for a weekly cut of house-edge profit (~71% estimated staking APR). Hold more XMID, trim the house edge by up to 2% on your bets. Stakers vote on games, treasury, and parameters. Public dashboard: burns, buybacks, treasury — traceable against the blockchain.

Roadmap
January 2026 — protocol locked, hardening and monitoring. March 2026 — mainnet go-live target. Q2 2026 — stronger privacy and security, better wallets and mobile, integrations and partnerships. Dates are targets; they can move for security or ops reasons.

Quick specs
Ticker: XMID
PoW: RandomX
Block time: ~2 min
Decimals: 12
Emission: Monero-style schedule + tail emission — math in the technical paper

--- Exchanges ---
To be announced

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Mining pools
To be announced

Block explorers
To be announced

Midas is for people who want private settlement, honest supply sinks, and a coin that rides the same engine as the house — not another empty wrapper token.

Community: GitHub | X (Twitter) | Discord

Disclaimer: Not financial advice. Gambling laws differ by country — use Midas Games only where it’s legal. Crypto is volatile. DYOR.