[ANN][MID]MidasCoin|New Scrypt PoM|Backed Value|ATM card|Referral|NO IPO|UNIQUE

[nicemycoin]

QQ group for MidasCoin：236050622
coming  join us and discuss!

great ,I will join it,any free coins giveaway>?

sorry for it,there is no giveaway coins,but you can get free coins by the refer system.invite more miners and get more coins.

[nicemycoin]

Chinese translation: https://bitcointalk.org/index.php?topic=763982.0  , it's a hard work for the translators.  

and then,the 2nd step:QQ group coming soon. 

QQ group for MidasCoin：236050622
coming  join us and discuss!

Hello,

Thank you very much. Your translation will be added to the first post's translations section.

Please submit a support ticket on http://midaspay.io/helpdesk to claim your bounty once we launch.

Regards

OK,I will do it right now,thanks !

[MidasCoin]

Chinese translation: https://bitcointalk.org/index.php?topic=763982.0  , it's a hard work for the translators.  

and then,the 2nd step:QQ group coming soon. 

Thank you, your translation has been put in the first post.

[nicemycoin]

Chinese translation: https://bitcointalk.org/index.php?topic=763982.0  , it's a hard work for the translators.  

and then,the 2nd step:QQ group coming soon. 

Thank you, your translation has been put in the first post.

submited the ticket,thanks.
and,is there a bounty of making a QQ group for MadasCoin,and will you add the QQ group number to the 1ST POST?

[sdersdf2]

is this another URO?

[MidasCoin]

is this another URO?

Even if this isn't another URO, both project are backed by assets;  We like the URO project and we will actively support em for future partnership and integration.

[MidasCoin]

submited the ticket,thanks.
and,is there a bounty of making a QQ group for MadasCoin,and will you add the QQ group number to the 1ST POST?

Your request to add your QQ group on the 1st post has been escalated to the marketing department 

We will notify you about our decision.

Regards

[sdersdf2]

is this another URO?

Even if this isn't another URO, both project are backed by assets;  We like the URO project and we will actively support em for future partnership and integration.

URO has been overwhelmed by uncertainty and controversy about the credibility of the backing - the back and forth discussion and debating is enormous on that thread - too long to track and stay on top of. I dont know who or what to believe. The fundamental problem seems to be that it requires, by its nature, trusting somebody or some group to maintain the backing.

How closely have you looked into the URO discussion and how do you plan to get around the headaches they've had in establishing their credibility in this forum and the markets? How can people be 100% confident that this backing is for real and that, even if it is, it will be maintained into the future?

[*Sakura*]

This is not a "future development promise"; all the services are already available today.

I love that! You can be absolutely sure that I'll follow this project.

[Annie Lockhart]

Gold standard? ?

[Lord of the Rings]

New innovative Scrypt PoM (Proof of Mining) distribution Algorithm 
What are the advantages? ? ?

[MidasCoin]

How closely have you looked into the URO discussion and how do you plan to get around the headaches they've had in establishing their credibility in this forum and the markets? How can people be 100% confident that this backing is for real and that, even if it is, it will be maintained into the future?

We was able to exchange opinions and feedback about respective projects with the URO developer.

For the second part of your questions, there is a series of public events planned, after the release, where everyone will be invited to "touch" with hand.

The reserve is structured to cover on the fly the various cash needs (debit card cash load) and probably will be adjusted in future with the % of cash against gold. We will study the data of the financial needs of our customers and adjust the % of gold/cash of the reserve fund, but with the front total value untouched.

New innovative Scrypt PoM (Proof of Mining) distribution Algorithm  
What are the advantages? ? ?

Like stated in the first post "The Proof of Mining distribution system uses a different approach to securing the MidasCoin blockchain. Instead of “wasting unneeded hash power” for securing the network, which unless under attack can be secured with much less hash power, it uses 95% of the hash power to “secure another” blockchain. This increase the reserve fund that grants the backed MidasCoin value, actual and future "

[btcltcdigger]

Gold standard? ?

It's backed by a real amount of GOLD

[MidasCoin]

Gold standard? ?

It's backed by a real amount of GOLD

Exactly, but not just that.

The currency is indeed backed by gold, but also enhanced by all the services and the proprietary know-how of the network (Merchant platform, financial platform, PoM distribution).   
We are presenting an entire payment network of service, with MidasCoin as flagship.

[MidasAlchemist]

We'd like to say that we've increased our Translation Bounty from 15 MID to 30 MID. The best thing is, this applies to all existing translations so far.

We're really happy with the current translations and welcome all future submissions.

[sdersdf2]

How closely have you looked into the URO discussion and how do you plan to get around the headaches they've had in establishing their credibility in this forum and the markets? How can people be 100% confident that this backing is for real and that, even if it is, it will be maintained into the future?

We was able to exchange opinions and feedback about respective projects with the URO developer.

For the second part of your questions, there is a series of public events planned, after the release, where everyone will be invited to "touch" with hand.

The reserve is structured to cover on the fly the various cash needs (debit card cash load) and probably will be adjusted in future with the % of cash against gold. We will study the data of the financial needs of our customers and adjust the % of gold/cash of the reserve fund, but with the front total value untouched.

New innovative Scrypt PoM (Proof of Mining) distribution Algorithm  
What are the advantages? ? ?

Like stated in the first post "The Proof of Mining distribution system uses a different approach to securing the MidasCoin blockchain. Instead of “wasting unneeded hash power” for securing the network, which unless under attack can be secured with much less hash power, it uses 95% of the hash power to “secure another” blockchain. This increase the reserve fund that grants the backed MidasCoin value, actual and future "

Not sure how this addresses the concern about the risk that the chaos of the URO thread (and price) might happen to Midas in the future. Could you more directly address how you will be different than URO and avoid the headaches they've been through?

Secondly, do you plan to provide POD (http://cryptoasian.com/coin-list/ and http://www.coinssource.com/trust-index/)? Have you already put in a request?

[MidasCoin]

Not sure how this addresses the concern about the risk that the chaos of the URO thread (and price) might happen to Midas in the future. Could you more directly address how you will be different than URO and avoid the headaches they've been through?

Secondly, do you plan to provide POD (http://cryptoasian.com/coin-list/ and http://www.coinssource.com/trust-index/)? Have you already put in a request?

We have some lack of knowledge of the URO situation; as previously said, we just had a friendly conversation with the URO developer exchanging feedback about the respective projects.  We will take a look in details to the actual URO "chaos",  for better address to your question in the near future.

Yes, we have already requested (and submitted the documents) to the coinssource trust-index, like suggested by the community (it was you?)

Regards

[BitcoinFr34k]

I saw this coin can be mined with X11 algo
whether it is true

[MidasAlchemist]

I saw this coin can be mined with X11 algo
whether it is true

We're working on future developments to include X11, X13, SHA256 support into MidasPool.com, however this will not be available at launch.

Keep updated on the first post for an ETA, we will also announce further info when it becomes available.

[Monkeys]

So am I correct is saying that the developers of this coin are associated with URO coin?