MIDASCAPS
MIDASCAPS
Token: MidasCoin


The MIDASCAPS ecosystem and business model is predominantly centred around the production of capsules - an innovative technology for conveniently carrying and dispensing nutritional supplements.

ICO dates
Start date: 2019-08-02
End date: 2019-08-31

Registrated in: Portugal

Platform: Ethereum

PREMIUM ICO

MIDASCAPS categories
Cryptocurrency Health Sports
MIDASCAPS whitepaper
MIDASCAPS token sale
KYC passing required Yes | Whitelist No | Restriction for countries Canada,USA
Soft cap 35000$
Hard cap 2500000$
Tokens for sale 170000000
Token distribution in ICO
Team -10% /Tokens for sale -68% /Reserve – 17% /Bonuses for early investors -5%
Team -10% /Tokens for sale -68% /Reserve – 17% /Bonuses for early investors -5%
Minimal investment 100$
Acceppting BTC,ETH,XRP
Bonus in ICO Round №1-02.08.2019 – 08.08.2019 ▪️ Number of tokens: 60,000,000 MDC ▪️ Tokens as a percentage: 24% ▪️ Price: $0.01 ▪️ Target: $600,000 ▪️ Early investment bonus: 10% of the total investment amount ▪️ Blocking: 3 months after the end of the round Round №2 – 09.08.2019 –15.08.2019 ▪️ Number of tokens: 60,000,000 MDC ▪️ Tokens as a percentage: 24% ▪️ Price: $0.015 ▪️ Target: $900,000 ▪️ Early investment bonus: 7% of the total investment amount ▪️ Blocking: 2 months after the end of the round Round №3 – 16.08.2019 –31.08.2019 ▪️ Number of tokens: 50,000,000 MDC ▪️ Tokens as a percentage: 20% ▪️ Price: $0.02 ▪️ Target: $1,000,000 ▪️ Early investment bonus: 5% of the total investment amount ▪️ Blocking: 1 month after the end of the round

The MIDASCAPS ecosystem and business model is predominantly centred around the production of capsules - innovative technology for conveniently carrying and dispensing nutritional supplements. This physical product, called Midas Capsules, facilitates the creation and use of a utility token, MidasCoin, which can be used for the purchase of capsules and as currency on the MidasEngine platform. In turn, MidasEngine taps into the sharing economy,  enabling users to organize local small scale sports events in which anyone to participate for a fee. 
How does the project create value to the ecosystem and differs from competing projects?
While MidasCoins are labelled as flexible supply, it is important to realise that the tokens are inflationary in the short run, but deflationary in the long run. 
MidasCoins are going to increase in supply with the production of new capsules, but the amount of new coins released into circulation becomes minimal by year 7-8 due to the halving each year. In the meantime, burning MidasCoins equal in value to the 5% fee for each transaction on the MidasEngine platform ensures that the token supply will deflate in the long run.

MidasCaps - Formula Inversa LDA
Email: [email protected]

Contact no: +351 308807993

Website: www.midascaps.io

Address: R 25 de abril - Zona Industrial do Roligo, n* 313, 
4520-115 Espargo - Santa Maria da Feira - PORTUGAL


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Random whitepaper excerpts

MIDASCAPS
White Paper
Version 1.01 - 10.06.2019
Abstract

.

The MIDASCAPS ecosystem and business model is
predominantly centered around the production of capsules -
an innovative technology for conveniently carrying and
dispensing nutritional supplements. This physical product,
called Midas Capsules, facilitates the creation and use of a
utility token, MidasCoin, which can be used for the purchase of
capsules and as currency on the MidasEngine platform. In
turn, MidasEngine taps into the sharing economy, enabling
users to organize local small scale sports events in which
anyone to participate for a fee.
This document will outline our approach towards building a
sustainable token economy for MidasCoins, its monetary and
interaction policies, as well as providing an adequate fair price
estimate for the tokens down the line.
1
...

Table of Contents
1. Overview
2
2. Methodology
4
2.1 Quantity theory of money
4
2.2 Kickstarter model
5
2.3 Discounted Cashflow Analysis
6
2.4 Used methodology
7
3. Monetary

policy
8
4.

MidasCoin financials
10
5

. MidasCoin token valuation
13
5

.1

Revenue
13
5.2 Circulation
15
5.3 Velocity
18
5.4 Token value
20
6

.

Roadmap
24
7

. Conclusion
25
About the author
26
Disclaimer
27
2
...

1. Overview
The global market for sports nutrition is huge. It is projected to reach 81.5 billion
USD by 2023 with a projected CAGR of 9.92%
1
. That being said, there is still a lot to be
desired when it comes to the ease of use and accessibility of those products, especially
as it has to do with their packaging:
● They require expensive upfront payment (you typically have to pre-purchase at
least 30 doses)
● Usually, you need to prepare them at home up-front
● When you buy in bulk, you get an overwhelming amount of the same product
with the same flavour
● Unconsumed doses are exposed to oxidation
● Sachets solve some of the above problems, however, they are messy and the
user usually gets dirty using them
MIDASCAPS’ capsules aim to solve all those issues by introducing an easy to use
container, which keeps the supplement head loaded into the bottle in a practical and
clean way. They can be sold by vending machines in gyms, clubs, and malls, as combo ...

2. Methodology
In this section, we will outline the valuation methodology used to determine our
token’s current and future price, as well as examine the applications and possible
shortcomings of those methodologies.
2.1 Quantity theory of money
Probably the most widely used valuation methodology for utility tokens is the
quantity theory of money
2
and more precisely the equation of exchange
3
. Several
models
4 5
based on those principles have been developed and widely accepted by the
cryptocurrency community. In a nutshell, the equation of exchange is:
(1)
Where:
I.
II.
III.
IV.
V.
is the amount of money in circulation within a specific system
is the velocity of money, or in other words: how often does money
change hands within a predefined period (e.g. annually)
is the price at which transactions are happening within the system
is the number of transactions for a predefined period (same period a...

left hand side of the equation is still denominated in the native token. We can solve this
by introducing an additional parameter
which represents the exchange rate
between the token and USD (or any other FIAT currency based on the denomination of
the system’s GDP). The equation then becomes:
(2)
This enables us to solve for
(3) and get the expected token exchange rate (or
token value), provided we can come up with adequate estimations for the other
variables. From (2), we can solve for the token value as:

(3)
2.2 Kickstarter model
Perhaps the simplest and most robust model is the Kickstarter one, where the
tokens in the ICO acts as an effective discount on the services offered. In essence, the
ICO raises money for the development of the project, and the only function of the token
thereafter is to enable access to the deliverable of the project, meaning that it cannot be
used to purchase goods or services on the platform which are provided by 3rd parties.

In this scenario, the company defines par value of the token post-ICO (e.g. 1 token is
initially equivalent to 1 USD, might change over time) and sells the token at a discount
during the ICO. In essence, the company ops to forfeit a certain amount of revenue
down the road (said discount) in order to fund the project upfront.
2.3 Discounted Cashflow Analysis
Discounted Cashflow Analysis (DCA) has been around for a while and has been
established as one of the main evaluation methodologies of an investment based on its
future cashflows. The purpose of DCF analysis is to estimate the money an investor
would receive from an investment, adjusted for the time value of money
7
. While it has
not widely been used in cryptocurrency up to now (start of 2019), our expectation is
that, with the increasing number of Security Token Offerings (STOs), it is going to
establish itself as the de-facto standard for any token with periodic cashflow payments.
The formula for calculating the net present valu...

2.4 Used methodology
The summary of the three different methodologies above begs the question - why
use three separate valuation approaches instead of one? The reason for this is that in
MIDASCAPS, we recognise the two different scenarios of the further development of
our business model:
I.
Scenario 1:
where we achieve only the core of our business plan - the
construction of the needed facilities for production of MidasCaps
II.
Scenario 2:
construction of the needed facilities of MidasCaps and the
successful launch of the MidasEngine platform.
Scenario 1:

under this scenario, the purchase of MidasCaps is the only use of
MidasCoins and in turn, MIDASCAPS is the only supplier of products sold. This is
clearly a setup almost identical to a Kickstarter project. Our assumption is that under
this scenario, MidasCapsules will only be purchasable with MidasCoins. This restriction
will be introduced in order to increase the demand for MidasCoins and ...

3. Monetary policy
Running and project’s token economy is akin to running a small country. Without
adequate monetary and fiscal policies, even if the sale is successful, you still might be
setting up for failure down the road
8 9
.
The token’s monetary policy mainly pertains to the number of tokens as a total and the
release schedule of those tokens. It also covers any mechanisms to expand or contract
this supply as needed or even the introduction of continuous inflationary or deflationary
mechanisms.
The bottom line of the token’s monetary policy is based on a fundamental law of
economics: supply and demand. Highly scarce and commercially beneficial tokens can
lead to low market liquidity and high price volatility, which can eventually result in
deflationary spirals. Highly abundant and not commercially viable tokens can result in
severe token price drops. A proper balance is key.
To achieve that balance,

MidasCoins

will be issued as...
Octaviano Menezes
Team member Octaviano Menezes CEO & Founder

Keely C. Wilkinson
Team member Keely C. Wilkinson (Chief Strategy Officer)

Artem Kobrin
Advisor Artem Kobrin Legal Advisor

Rune Rønhave
Team member Rune Rønhave Product Director and R&D specialist

Alexandre Mota
Team member Alexandre Mota Investor & Production Specialist

Tapendra Shee
Team member Tapendra Shee Blockchain Specialist

Lino Maia
Team member Lino Maia Project Consulter

Rasel Mahmud
Team member Rasel Mahmud Frontend Web Developer

Anita Erker
Advisor Anita Erker Community Advisor

Azeem Saifi
Team member Azeem Saifi Editor in Chief

Ahsan Rasheed
Team member Ahsan Rasheed Creative Head

Ahsan Rasheed
Ahsan Rasheed
Creative Head
Azeem Saifi
Azeem Saifi
Editor in Chief
Anita Erker
Anita Erker
Investors and Exchange Listing Advisor
Blockchain And Business Advisor
Marketing Manager
Community Advisor
Marketing Manager
Rasel Mahmud
Rasel Mahmud
UI/UX Developer
Tapendra Shee
Tapendra Shee
Blockchain Architect
Blockchain Architect