Given that cryptocurrency investors have had a difficult time converting their cryptocurrencies to fiat cash and spending them for real-world goods and services, Midex aims to facilitate the emergence of cryptocurrencies as an asset class that can be used to meet the basic financial needs of ordinary people through its platform.
Among the reasons why cryptocurrency investors have had a hard time using their cryptocurrencies to buy goods and services has been the trepidation of traditional banking institutions with this new asset class. Cryptocurrencies, underpinned by blockchain technology, have the potential to challenge the conventional view of money. Historically, central planners have decided what will be used as money and their value, whereas cryptocurrencies upend this arrangement and give people the power to decide what is of value. The blockchain is by design decentralized, meaning no central authority can decide whether or not it will exist or how transactions will take place on it. With self-designated authorities and middlemen cut out of the picture, a free market with reduced costs is more realizable. Midex, understanding the needs and demands of the people, will use blockchain technology and smart contracts to improve the industry of finance and make it more efficient.
Midex will provide a suite of tools on its app to provide essential financial services. The Midex Exchange, allowing users to trade pairs of cryptocurrencies and fiat currencies, is fully operational. With a working product and a license in Estonia, Midex stands out from the competition by showing it’s a project with substance behind it with a desire to become a dominant force in a market with enormous potential. Midex will offer customers debit and credit cards to be able to spend cryptocurrencies to buy goods and services in the real world and online. Additionally, Midex will offer loans, securities, and insurance in the future.
The Midex crowdsale began on January 15, 2018 and ends April 15, 2018. During the crowdsale, the native token of the platform, MDX, will be offered for $1. The MDX token allows users to buy services on the platform. Moreover, token holders will receive 20 percent of the monthly revenues generated by the Midex platform. With only 75,000,000 MDX tokens created, the value of these tokens may rise if the platform grows in popularity and the project fulfills its audacious roadmap. However, investors should always do their own due diligence and decide for themselves if this project has potential. Cryptocurrency enthusiasts interested in the potential of blockchain to revolutionize finance may want to learn more about this interesting project.
*I am receiving MDX tokens for the growth of the community.
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