With growing interest and use of cryptocurrencies, financial providers are needed to bridge the gap between cryptocurrencies and traditional finance. Midex is a licensed company that will offer its customers an array of financial services to meet their needs and bring cryptocurrencies to the masses.
Blockchain technology is transforming finance with its transparency, security, immutability, and cost-effectiveness. Transactions on the blockchain can be viewed by anyone, preventing hidden transactions or costs. The blockchain is also exceptionally secure, given that it is distributed and not dependent on any particular server that can be compromised. Transactions on the blockchain are immutable, preventing data from being manipulated or tampered with. Second and third generation blockchains such as Ethereum and Cardano have smart contract capabilities, allowing users to execute contracts with one another without intermediaries. The disintermediation of the blockchain thus brings substantial cost-savings to users. For the industry of finance, the disruption blockchain will bring in the coming years cannot be overstated, and Midex intends to be at the vanguard of this disruption.
Midex stands out from other companies issuing tokens by having a licensed exchange, Midex Exchange, that is live and operational. The exchange enables users to trade major cryptocurrencies and exchange them with fiat currencies. Over time, the currency pairs available for trading will expand. Being a licensed exchange in Estonia will give users more confidence in the platform, given that the company must abide by Estonian regulations. Besides its presence in Estonia, the company is headquartered in Hong Kong, with an additional branch in Russia.
Besides a licensed exchange, Midex will provide a debit and credit card, loans, insurance, and investment services. Later this year, after the crowdsale has completed, Midex will aim for a banking license. By providing these services, Midex will essentially fulfill all of services provided by banks, and will differentiate itself by serving the growing appetite of the public for cryptocurrencies. By using the Midex debit or credit card, users will be able to spend cryptocurrencies to buy real-world goods and services at millions of locations around the world. All of these services will be accessible using a user-friendly Dapp (decentralized application) on mobile, tablet, laptop, and desktop devices.
The native token of the platform, MDX, is ERC20 compliant and runs on top of the Ethereum blockchain. The token can be used to buy premium services and goods, access credit, and receive some of the revenue generated by the platform. In total, 75,000,000 MDX will be minted.
The Midex crowdsale is ongoing and ends April 15, 2018. During the crowdsale, each MDX token will sell for $1. Investors interested in a platform that aims to displace traditional financial institutions by offering consumers the full benefits of blockchain technology may want to consider, while doing their own due diligence, looking further into this project.
*I am receiving MDX tokens for the growth of the community.
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