Midas Investments Review
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An editor at Coincrop
09 Sept 2022 | 23 min read
idas Investments is a digital asset exchange that was founded in 2017. The official company address of Midas Investments is MDF AG, Felsenstrasse 62 8832, Wollerau, Switzerland. Midas Investments offers a trading platform for both spot and margin trading, as well as OTC trading services.
The exchange supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Stellar, and more.
Midas Investments has a strong focus on security, with 2-factor authentication (2FA), cold storage, and advanced encryption technology all employed to keep user funds safe. The exchange also offers 24/7 customer support.
Midas Investments is one of the most popular cryptocurrency exchanges in operation today.
The exchange has a strong focus on security and offers a wide range of features and services to its users. It makes a great choice for both beginner and experienced traders looking for a safe and reliable platform on which to trade digital assets.
This article is a Midas Investments Review.
What Is Midas Investments?
Midas Investments has the highest lending rates of any platform in the cryptocurrency industry; this has given it a prevalence amongst its user base.
Many investors wary of this custodial crypto-investment platform avoid it for fear that the return is "too good to be true." In this review, we'll look in depth at Midas Investments to discover who's behind it, whether it's a real platform, and whether you can earn a secure and prosperous return by putting your digital assets into it.
Read on for more in this Midas Investments Review.
What Is the History of Midas Investments?
The firm was created by two cryptocurrency enthusiasts, and it now has a staff of over 30 people. The company's creators were Iakov Levin, also known as "Trevor" and Parker, according to the organization's website.
With over 18,000 users and almost 7,000 of those active on the platform, Midas Investments is a successful cryptocurrency investment company. Midas Investments has amassed roughly $22 million in assets under management.
Although the company is run by a Russian team, the Corporation has been was quick to state when the war in Ukraine broke out that Russian law and sanctions do not apply to it because it does not and has never worked under Russian authority.
It is a business that operates globally, with a legal presence in Switzerland. So far, no investors have lost any money on the platform, but the information available to the public is restricted- as it is with many other cryptocurrency platforms.
Midas Investments will be audited by Armanio. After the audit is completed, more information will be released to the public.
What Are the Investment Requirements of Midas?
The following in this Midas Investments Review focuses on the investment requirements.
The recent introduction of a KYC feature to Midas Investments has improved platform trustworthiness as the past lack of such a process was concerning. However, the platform has been in operation for four years without having any KYC, which is concerning enough.
To complete the KYC procedure, you must submit personal information and a selfie, as well as government-issued identification such as a passport or ID card and a document with proof of your address, such as a bank statement or utility bill.
We were taken aback to discover that KYC is being used to prevent money laundering and combat fraud, given the firm's long history since early 2018. The platform has now implemented a new security measure to ensure that all users are verified.
As with many crypto currency exchanges and platforms, there are several countries where residents are prevented from signing up. Midas Investments is no different, but these Countries include the U.S., China, Cuba, North Korea, Iran, Libya, and Sudan.
What Are the Risks Involved With Investing With Midas Investments?
Before we get started in this Midas Investments Review, it's important to note that investing in any crypto lending platform is risky. You should be aware of the potential risks involved before you deposit your assets.
No matter the platform, investments aren't safeguarded by any state-sponsored program. So if you're ready to invest, know that there's always risk involved.
When it comes to investments, there are a variety of risks to keep in mind. The first is market risk, which is the possibility that your investment will lose value due to changes in the overall market. This can be due to a variety of factors, including economic recessions, inflation, and interest rates.
Another risk to consider is credit risk. This is the risk that the company you've invested in will default on its debt payments. This could lead to your investment losing value or even being worthless.
Lastly, there's liquidity risk. This is the risk that you won't be able to sell your investment when you want to.
It’s also important to note that your crypto account is not a “savings account”.
How Does Midas Investments Generate Yield?
The platform employs a wide range of various techniques to produce yield for its consumers, such as: supplying Uniswap V3 with concentrated liquidity, farming with leveraged liquidity, providing assets and consistent liquidity to protect against market declines. etc.
The platform uses a multitude of different strategies to generate yield for its users, including:
- Advanced risk management system
- Proprietary trading algorithms
- Experienced team of financial professionals
- Providing concentrated liquidity for Uniswap V3
- Borrowing for target asset’s collateral to free liquidity
- Yield vaults
- Providing asset and stable liquidity to hedge from market pullbacks
- Leveraged liquidity farming
These components work together in many ways to produce yield for Midas users, but they all have one common goal: your success.
Who Can Use Midas Investments?
To use Midas and increase the yield on their cryptocurrency, users must be 18 years of age or older with a valid email address.
Recently, Midas Investments has been implementing the Know Your Customer (KYC) verification process. This is the first time they have implemented this practice, though they have been running since early 2018. The reason KYC exists is to prevent money laundering and deter fraudsters.
How to Start Earning Yield With Midas Investments
To begin earning yield on Midas Investments, you must first deposit your cryptocurrency into the platform. You can do this by clicking on the “Deposit” tab and selecting the currency you wish to deposit. Once you have deposited your chosen currency, you will be able to start earning yield immediately.
The amount of yield you earn will depend on the type of investment you choose and the current market conditions. For example, if you choose to farm with leveraged liquidity, you could earn a higher yield than if you were just supplying Uniswap V3 with concentrated liquidity.
It's important to remember that yield farming is a risky investment and there's always the potential to lose money. However, if you're careful and monitor the market conditions, you could potentially earn a great yield on your investment.
All of these techniques aid Midas Investments in generating revenue that is distributed to its users as returns and raises the platform's credibility.
Midas has a track record of providing the highest rates in the whole crypto lending sector, with TOKE returns as high as 29.6 percent.
What Are the Fees Charged by Midas Investments?
Midas Investments doesn't charge any fees for deposits or withdrawals. However, there is a 0.30% fee for all trades.
Midas Investment Statistics
Midas' goal is to assist small-scale investors in creating stable passive income in the new cryptocurrency industry so they may maintain their lifetime of financial independence.
Over 35,000 investors from all over the world and more than $100 million in assets under management were attracted to Midas Investments in just four years. Over 7,000 of the over 18,000 members of the cryptocurrency site are active users.
Investors have access to a wide variety of cryptocurrency assets, a swap function, and a yield-automated portfolio on the platform, making Midas the preferred location to create a yield-generating portfolio.
Midas' success is largely due to the platform's focus on automating the entire process of creating and managing a cryptocurrency portfolio that generates yield. This means that investors can "set it and forget it", which is a major selling point for those who are looking for a passive income stream.
The Midas team is constantly working on improving the platform and expanding its features. In the near future, Midas plans to add a fiat gateway, which will allow investors to deposit and withdraw fiat currency. This will make it even easier for small-scale investors to get started with Midas.
Midas' focus on automating the portfolio management process makes it an attractive option for small-scale investors who are looking for a passive income stream. The team's commitment to constantly improving the platform and expanding its features is another selling point.
The addition of a fiat gateway in the near future will make Midas even more accessible to small-scale investors.
Investors who are looking for a passive income stream should consider using Midas to automate their portfolio management. The team's commitment to constantly improving the platform and expanding its features makes Midas an attractive option for small-scale investors.
The Midas Token
The FANTOM blockchain network is the infrastructure for Midas Investments' which launched the MIDAS coin in 2021. 23 different assets, including the company's own Midas cryptocurrency, will be supported by this system.
MIDAS tokens are currently in circulation at a total of 5,000,000. The APY returns on the MIDAS token are at 27.4% and can be purchased through Spiritswap or Bombswap.
What distinguishes Midas' results from other algorithms is the boost function, which significantly raises returns for certain tokens. By acquiring assets in MIDAS tokens, consumers can use the boost function to increase their returns.
Midas Investment Affilate Program
By joining the Midas Investments Affiliate Program, you will be able to share a link with others which invites them to join the Midas platform. Any person who joins using your unique link will become your referral, and in return for bringing them onto the platform, you will receive bonuses from Midas.
If an invited user earns $10 from Midas token staking, you will receive 15% of that amount, or $1.5, in your Midas balance.
For all Affiliate partners, the window to receive rewards for referrals is limited to 12 months from when the referred individual makes their first deposit.
Is Midas Investments Regulated?
With the Swiss rules given by FINMA, Midas Investments is compliant with global crypto-lending laws and regulations. The company is also a member of the Crypto Finance Association. Midas Investments is registered with the Chamber of Commerce and Industry in Singapore.
This means that they follow particular suggestions but are by no means regulated or audited. Midas Investments is, however, a legal company that has to meet specific requirements in order to be able to lend money.
Midas Investments disclosure: "MIDAS INVESTMENTS AG ("MIDAS") IS NOT REGULATED AS A BANK, BROKER OR DEALER IN ANY JURISDICTION. Midas is not subject to regulation under the Swiss Banking Act of 1934, as amended, or the rules and regulations promulgated thereunder (the "Banking Act") and is not supervised by the Swiss Financial Market Supervisory Authority ("FINMA"). Midas is also not a member of SIPC."
Where Is Midas Investments Based?
Midas Investments is officially registered under MDF AG, with the company address being Felsenstrasse 62 8832, Wollerau, Switzerland.
We have no information as to whether this is a virtual address or if there is any team member on it. During our study, we discovered that the firm is now in the process of becoming legal in the Cayman Islands.
Risk and Return
Let's start by noting that putting your assets on any crypto lending platform is a financial risk, and you must be informed about the risks.
The biggest risk when it comes to crypto lending are platform related risks. Midas has a number of risks that are inherent to its model.
For one, Midas is a centralized platform. This means that it is run by a single entity, which in this case is the Midas team. While the Midas team has been incredibly transparent thus far, there is always the possibility that they could simply disappear one day, taking all of their user's money with them.
Furthermore, Midas lends out user's assets to other users on the platform. This creates the potential for default risk - if someone who borrows your assets does not pay them back, you will not receive your initial investment back.
In terms of returns, Midas has been very consistent in in paying out great returns to its investors. However, as with any investment, there is always the potential for loss - your assets could decrease in value over time, and you may not receive back what you initially invested.
All in all, Midas is a high-risk investment. However, if you're comfortable with the risks, it can also be a very profitable one. Before investing, make sure you understand the risks involved and are comfortable with them.
Your investments are not insured by any government-backed deposit program, regardless of the platform.
What Does Midas Investments Insurance Cover?
Midas Investments currently doesn't offer any insurance to help protect user funds; however, they have confirmed that once they finish taking care of getting the necessary licenses, they will introduce insurance.
But you must be aware that you could be at risk of losing your invested coins if the platform is hacked.
How Much Can I Earn From Midas Investments?
The following table lists products that pay interest on a flexible terms basis:
|Deposit assets||Reward assets||APY Rate|
Data provided by Seedling
Midas Investments Review Summary
Midas has implemented a number of security measures to try and mitigate this risk, but it's important to remember that no platform is 100% secure.
Midas Investments is a high-risk investment, as is most of the crypto currency world; however, it has the potential to be very profitable. Before investing, make sure you understand the risks involved and that you are comfortable with them. We also recommend diversifying your portfolio by investing in a variety of different platforms to minimize your risk.
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