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
MidasCaps - Formula Inversa LDA
Contact no: +351 308807993
Address: R 25 de abril - Zona Industrial do
Roligo, n* 313,
4520-115 Espargo - Santa Maria da Feira - PORTUGAL