Midas.Finance Reviews 2022
Midas.Finance is a one-stop yield farming platform. The platform is built on Avalanche blockchain. Users hold THRONE nodes in exchange for perpetual yield rewards and access multiple DeFi services and other investment options without the need to access them separately. On top of that, Midas.Finance provides Metaverse and Play-to-Earn services. NFTs marketplace also presents among the features of Midas.Finance. According to the Midas.Finance representative, the platform is a rival of Univ, Thor, Strong, Power nodes, and the Red Light District node.
Midas.Finance was founded in 2021. Soon the platform plans to rebrand itself as Midas.Finance. Midas.Finance provides an opportunity to generate passive income even in harsh market conditions. The process of minting nodes doesn't require a huge starting investment. It is a convenient way of making passive income.
The platform is powered with a $CROWN token. All yield farming rewards are paid in $CROWN. Tiers correspond with nodes. You can buy them by paying in Throne tokens (THN). Yield-bearing NFTs have several tiers, and you can upgrade the tier you choose. The tiers are named after Greek gods. Updating to the next tier takes 5 Hermes. See the tiers below (please note that the figures can be changed):
Zeus (150 Throne) — reward: 4.513 $CROWN per day (1.7%).
Athena (100 Throne) — reward: 2.301 $CROWN per day (1.3%).
Ares (50 Throne) — reward: 0.885 $CROWN per day (1%).
Apollo (10 Throne) — reward: 0.225 $CROWN per day (0.85%).
Hermes (2 Throne) — reward: 0.034 $CROWN per day (0.65%).
More than that, as of February 2022, these Throne nodes are exchangeable at the following rate: 5 Hermes equal 1 Apollo, 5 Apollo are equal to 1 Ares, 2 Ares are equivalent to 1 Athena, and, finally, the sum of 1 Ares and 1 Athena gives you 1 Zeus. Midas.Finance plans to add one more tier named Hades equivalent to 5 Zeus. Please note that in order to reach the next tier NFTs you are obliged to burn the current ones. Also, you will have to pay a fee in AVAX or CROWN.
The platform stimulates longer hold periods via incentives. The longer you don't claim rewards, the higher the rewards boost is. If you don't claim rewards for five days, the boost is x1.05. If you don't claim rewards for ten days, the boost is x1.15. Twenty days is an x1.3 boost, and finally, 30 days without claiming your rewards will grant you an x1.5 boost.
Throne can be traded on Tofunft.
Holding the Throne node NFT is the key to accessing various DeFi protocols based on different blockchains (DeFi-as-a-Service). Professional advisors are working for Midas.Finance. They can assist investors if needed. First off, it goes for users aimed at farming perpetual yield on Midas.Finance. More than that, the platform works with the DeFi X flagship project. Additionally, Midas.Finance allows you to use multichain investments and perform yield farming via Fantom (FTM), Ethereum, and NFT. It's understood that Midas.Finance is aimed at gaining more partnerships and widening its roster of options, features, and offers. Midas.Finance didn't lock its liquidity yet, so the protocol can be configured and adjusted until it reaches strong stability.
The Midas.Finance representatives name the unique mixture of tokenomics DeFi X as the project's main selling point. The automated treasury growth protocol includes a rebase model and a tax system providing sustainability.
The applicable taxes are calculated based on the $CROWN price. See the brackets below.
Buy tax brackets:
Under $50 — 0.5%
$50 to $100 — 1%
$100 to $200 — 2%
Over $200 — 3%
Sell tax brackets:
Under $20 – 20%
$20 to $40 – 18%
$40 to $80 – 16%
$80 to $120 – 14%
$120 to $160 – 12%
$160 to $200 – 10%
Over $200 – 6%
The members of Midas.Finance team comprises seasoned DeFi farmers with experience in numerous cross chains and specialists in project growth marketing. The team aims at creating an ecosystem that will let investors enjoy sustainable growth.
The team members with ties in the industry access seed allocations early and are discounted from every new launch or every new partnership with other high-level professionals from the DeFi sphere. On top of that, team members enjoy more significant buybacks and burns and early access to insider information. The Midas.Finance partnerships include DREAM, ReFi, and LQD. All these platforms have provided 1% of their supply to the Midas.Finance treasury.
Midas.Finance has a user-friendly decentralized app that has both desktop and mobile versions. The dApp is flexible, and the Midas.Finance community constantly contributes to the further development of the platform, offering improvements. In the future, Midas.Finance plans to develop a life fintech tool with banking features. The dApp combines the diverse features of different protocols. They include yield-bearing NFTs, minting, rebases, revenue generation for the buybacks protocols, and various ways of getting passive income. This combination of tools is quite rare or even unique.
The buyback and burn pools are funded in several ways. First off, it is achieved via investment performance. Then, the creation of each NFT node results in the burning of 75% of the value while 25% goes to LP. Secondary NFT sales bring 10% royalties to the treasury. The latter funding occurs via tofu. Another way of funding buyback and burn pools is through taxes. With the use of $CROWN, you will be able to perform such actions as renaming and upgrading NFTs. These actions will be burning the circulating supply. These features are yet to be introduced.
Website: https://midasdao.org/
Medium: https://medium.com/@Midas_DAO
Twitter (27.6k): https://twitter.com/Midas_DAO
Telegram Main Chat (1.5k members): https://t.me/MidasDAO
Discord (18k members): https://discord.gg/midasdao
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