The $MIDAS Token May Be The Be The Best Investment Right Now In This Crypto Bear Market
The token has defied all odds and its price action has been absolutely insane.
$MIDAS is the native token of the CeDeFi platform Midas.Investments, which operates as a centralised crypto asset management firm that uses a combination of cutting-edge algorithms and the expertise of its team to deliver high yields for its investors from the DeFi space. These rates are regularly updated by the team.
Midas has been operational and delivering returns for its investors since 2018.
Notably, Midas.Investments has been able to weather the recent crypto downturn. In fact, Midas has been immune to the wave of bankruptcies that have plagued rivals such as Celsius, Holdnaut, and Vauld. Why is this?
…because Midas is NOT a crypto lending platform, making it highly liquid.
What Makes The $MIDAS Token So Special
Currently, $MIDAS is trading in the $30-35/token range and has seen massive price growth YTD from $4.4/token in January 2022. That’s a 700% return in 8 months.
In fact, $MIDAS has outperformed the market so much that it now trades at 0.0015 BTC/MIDAS, when at the start of the year it traded at 0.0001 BTC/MIDAS.
That’s an even more impressive 1500% return in 8 months.
$MIDAS was, effectively, one of the best investments you could have made this year.
However, is this positive price action likely to continue?
Absolutely.
Why The Price Of $MIDAS Will Grow, Grow & Grow
It’s important to note that, despite its price, the $MIDAS market cap is still reasonably low (fully diluted market cap is ~$160,000,000).
This is because the token itself has a max supply of 5 million, out of which 2.6 million are currently in circulation. The token has several use cases outlined below:
Midas.Investments’ Team Uses ~10% Of Interest Paid To Investors In Regular $MIDAS Buybacks To Support Token Price Growth
This means that as the assets under Midas’ management continue to grow and the interest paid on these assets to the investors grows too, Midas will be committed to spending 10% of that interest in token buybacks (similar to when companies traded on the stock market use their profits to buyback company stocks).
Investors Who Hold $MIDAS Token On The Platform Will Earn 27.4% APY
This high-interest rate is sustainable for the near future as 2.4 million (or almost half) of all $MIDAS tokens are still locked and available to the team to use for developing new products, improving the platform, and marketing their native token.
As 1.7 million of the 2.6 million tokens currently in circulation are staked on the Midas.Investments platform. This guarantees price stability during market downturns.
Investors Can Also Choose To Earn Their Crypto Interest In $MIDAS, Boosting Their Yield/Rewards By ~3.0-4.0%
Again, this gives investors more reason to buy and hold $MIDAS token, which is likely to continue to drive positive price action. You should note that any interest earned on Midas.Investments is earned daily and, if earned in $MIDAS, can be immediately exchanged/swapped for the native token for a minimal fee (~0.5%).
How You Can Buy $MIDAS (& Get In On The Fun)
The best way to buy $MIDAS is through the platform itself.
You can sign up for an account using either Google or Discord and perform KYC verification. Once this is complete, I recommend you set up your Google Authenticator on the website for added security and then… make your first deposit.
While Midas is not an exchange, once you have BTC/ETH/USDT/USDC/BNB/BUSD on the platform, you can open a $MIDAS token card and swap your native token for some $MIDAS. When moving money onto the platform, I personally use BUSD as it has low transfer fees and the swap fee to $MIDAS is around ~0.6%.
Once you have $MIDAS on the platform, there is nothing more that you need to do! Interest will be earned and paid out daily. You are free to withdraw your crypto at anytime because… as we mentioned at the start of the article, the Midas model is a highly liquid one that does not depend on fractional reserves.
You can also buy $MIDAS on DEXs SpiritSwap and SpookySwap.
As Always,
Doctor Crypto