Midas Investments Review

Midas Investments was officially closed in December 2018 due to unsustainable business operations. The platform had stopped its services such as portfolio management, automated trading, and fund management. The decision was made in order to focus on the more promising technology of blockchain and digital assets and the related services provided by CEDEFI.

When it comes to crypto investment and yield, Midas is considered the best. Due to fears that the yield on this custodial crypto-investment platform is “too good to be true,” many people avoid it. As part of this study, we’ll investigate Midas Investments in-depth to find out who is responsible for it, whether it works, and whether or not you can make money by investing your digital assets there.

What is Midas Investments?

More than 18,000 people have signed up for the crypto platform, with more than 7,000 actively using it. Midas Investments has amassed over $22,000,000 in assets since its inception in 2018.

Since its inception, the company has grown to include more than 40 employees.

Although many of the company’s employees, including the CEO, are Russians, the corporation was eager to point out that Russian laws and sanctions did not affect the company because it does not and had never worked under Russian jurisdiction until the conflict in Ukraine broke out.

It describes itself as a multinational corporation with a Swiss legal entity supporting this claim.

The platform has affirmed that no investors have lost assets on the site thus far. They have an effective line of communication with the general public.

We learned from Midas Investments that they intend to have their financial records audited by Armanino and that additional information would be made accessible to the public after the audit is complete.

Services

The investment company offers the following services:

●       Midas boost

Most users can now maximize their yields by 2% APR. Midas boost is a Midas program designed for investors to gain passively. Investors can have confidence in their monetary investments thanks to these security solutions. The interest is paid in MIDAS token instead.

For example, if you make an investment without turning on the MIDAS boost, your APR might be around 6.5% APR and your rewards will be paid in BTC. But with MIDAS Boost, you will be getting an 8.2% ARP on that same amount of BTC but your rewards will be paid in MIDAS Token equivalence.

● Yield Automated Portfolios (YAPs)

StableYAP: This YAP supports 3 main coins; BTC, ETH, and USDC. Despite the hardship that comes with the volatile cryptocurrency, it has proven to be a more stable option. It has the unique feature of being backed by real assets. So, every SYAP token has real assets backing. BTC, ETH, and MIDAS have an equal 25% share in the stable YAP.

DeFi YAP: The DEFI YAP has proven to be very relevant for investment in the DEFI innovation spaces. Investors are given the golden opportunity to optimize their ROI by investing in DEFI. This YAP is also backed by real assets and it has a 12.5% share representation in DeFi YAP for BTC, ETC, USDC, and MIDAS.

Each YAP has separate monthly rebalancing. Rebalancing is the process of taking profits from assets in the YAP and reinvesting it in underperforming assets to provide support for your portfolio. For DeFi and Stable YAP, it is the 15th and 1st of each month respectively.

Rates

Midas Investments offer a range of investment options, allowing you to earn daily dividends. Here are the rates for the most popular currencies.

Note: The figures below are susceptible to change. These are the percentages as of writing this article.

• BTC up to 8.5% APY
• ETH up to 10.4% APY
• USDT up to 16% APY
• BNB up to 9.1% APY
• AVAX up to 13% APY
• LINK up to 4.9% APY
• BUSD up to 16% APY
• DAI up to 16% APY
• FTM up to 11.1% APY
• CVX up to 20.1% APY

Midas is a “try and buy” platform. You choose a preferred cryptocurrency, invest as much money as you want, and the platform handles the rest.

Stable YAP or DeFi YAP uses your money to invest in various cryptocurrencies.

Fixed and Dynamic Yield Strategies

There are over 30+ Fixed Yield Strategies for investors to implement into their investment portfolios. Some of the yield policies include the following:

What are Dynamic Yield Strategies?

Midas team has put together Dynamic Yield Strategies to provide investors with a variety of options to buffer each of their investments.

● Midas Crypto Swap

Over 20 currencies can be exchanged on the Midas Investments exchange pool, and the site promises to do so in less than a minute. Moreover, Midas swap has an extra low exchange fee. On a swap, the user pays 0.5% of the swap.

On the exchange function, there is a cost of 0.3% to 1%, and daily liquidity is added to the pool.

CeDeFi Strategy

CeDeFi strategy works together with the infusion of both centralized cryptocurrency and decentralized cryptocurrency. It provides opportunities for users of the platform to cross conveniently from one of the two different cryptocurrency types.

Some of the CeDefi strategies on the Midas platform include:

• CSoft Long” on ETH: DeFi’s “soft long” strategy, takes advantage of the exchange rate between ETH and USDC to generate yield (goal 45% ROI) and the price appreciation of ETH (a 10% gain in the price of ETH leads in +7.9% strategy growth).
• “Soft Short” on ETH: The ETH-USDC liquidity pool and the depreciation of the ETH price (a -10% decrease in the price of ETH results in +4% strategy growth) are the two main drivers of the return on investment (ROI) for the DeFi strategy, which is 25%.

• DeFi Token Farming: Investors in DeFi tokens on Convex Finance have access to a diversified portfolio of incentive-based liquidity pools that collectively reflect the most lucrative cash-flow models in the underlying protocols, with potential returns of up to 35% per annum.

MIDAS Token

The MIDAS token is an essential feature of the platform, built to give investors a return on their investment and other benefits. A total of 5,000,000 MIDAS tokens are available on the Fantom network. On the DeFi apps SpiritSwap and SpookySwap, users can stake and farm the MIDAS token and also keep track of the MIDAS token price.

A steady flow of liquidity to the MIDAS market is provided by 10% payout split from payouts made to investors across all coins/tokens

Midas Investments

Spookyswap has the highest rates in the crypto lending sector.

BTC has dropped from 12% to 6.5% as of writing this article, a dramatic change from the previous year.

NOTE: One particular thing to note is the fluctuating rate of the APY.

The APY rates are still very competitive, as you can see in the screenshot below, but the boost function makes Midas’ returns stand out, which enhances the returns significantly in the case of some of the tokens.

Supported coins

This crypto platform doesn’t support fiat currency; Midas Investment accepts a total of 17 cryptocurrencies. Swap allows you to trade more than 12 different currencies. This includes tokens representing investment strategies like DEFIYAP or SYAP or KuCoin exchange, OKX, and a few other DeFi crypto exchanges.

The choice is minimal compared to other cryptocurrency exchanges and earning sites. Binance Earn, Nexo, and Crypto.com provide a wide range of cryptocurrencies for those interested in earning interest. The 12 coins are listed below:

• Avalanche
• Binance Coin
• Bitcoin
• Binance BUSD
• Convex
• Dai
• Ethereum
• Fantom
• Chainlink
• MIDAS
• USDC
• USDT Tether

Fees

• Deposits: There is no minimum deposit required for all deposits.
• Withdrawals: Fees for dynamic and static withdrawals are outlined in the following sections.
• Transactions: To exchange cryptos, there is a 0.3 to 0.6% cost plus a spread.
• Buying or selling cryptocurrencies: Selling or buying cryptos is impossible because there is no fiat support.

Midas Affiliate Program

This is an opportunity for users to earn by referring new users to Midas.Investments. The affiliate programs allow referees to earn up to 10% of their referred investors’ rewards.

All you have to do is send out your unique link to friends and family. Once they click and register via the link, you’ll start earning up to 10% of affiliate rewards on their investments. ​​The affiliate partner reward period is 12 months from the date of the referral’s first deposit. Ensure you open a USDC account because the affiliate rewards are paid in USDC.

The affiliate rewards range from 5%, 7%, and 10% depending on what program you are registered on. 5% referral rewards are for new members who are registered for the Midas beta affiliate program testing. The members who are currently participating in the local ambassadorship and as community members are eligible for the 7% reward while those who have previously participated in Midas Affiliate Program will be eligible to earn the 10% referral reward.

Withdrawal fees

You have complete control over the money in your Midas Investments account. You’ll need to send an email to your registered email address to confirm your withdrawal.

All withdrawals can be made for free.

Mobile & App

No, there is simply a browser extension available for now. On the other hand, if you need to use it on a mobile device, the browser app works well.

Midas Investments alternatives

Midas Investments curates a unique investment opportunity using cryptocurrencies. Instead of mindlessly investing in a random cryptocurrency, you learn how to profit from it.

When compared to its rivals, there are a few key distinctions:

• Customers can expect to be paid more on the platform’s assured returns.
• Midas is a welcoming city eager to share its knowledge with the people it encounters.
• Investing in a long-term approach

Investors received rewards for YAP holding daily and in kind. They also receive SYAP holdings and earn daily yield rewards to them in SYAP. In addition, there is no lock-up of investment so you can use your original investment to budget for future purchases, retirement, college tuition, and other costs.

Your assured dividend is paid daily by the platform. Investing in Midas Investments repeatedly allows you to reap the benefits of its unique platform.

It’s possible to buy into investment models with a progressive increase in value. You’ll see an increase in your dividends as your initial investment grows.

User-generated content can help spread the word about the Midas.Investments platform. Researching investments can be intimidating, so it’s a good idea to talk strategy with someone who has done it before.

Is Midas Investments legit?

Great returns are possible, thanks to Midas Investments, an excellent service. However, after hearing about all of the advantages, you may be thinking if this is a scam.

They are not scamming anyone. Its investment platform is legit and dependable. Your investments will be in safe hands.

The Swiss Financial Market Supervisory Authority (FINMA) license is on the verge of being obtained by Midas before the first quarter of 2024.

It is because of its system that it provides some of the finest interest rates available for cryptocurrencies. They’ve perfected their strategy to make speedy adjustments to the market.

To use the Midas platform, users are not tasked with any Midas Investments fees. Their system, though, is completely free. However, this is a positive clue that this isn’t a hoax. Scams promise a “get wealthy quick” program but deliver nothing but empty promises.

First and foremost, Midas Investment does not appear to be a scam. In addition, the fact that Midas presently has tens of thousands of users is a strong indicator. In addition, several of these users are quite active on social media, as evidenced by their close to 10,000 discord followers. You may find links to their social media accounts on their main website.

Social contact is one of the benefits of the internet and a method it helps to prevent fraud. Scams are bound to be discovered sooner or later when a platform has so many users. Hence, this also provides an answer to the question “is Midas Investments safe?” or “is Midas Investment legit?” question.

Contact & Support

They have over 3,000 subscribers on YouTube and utilize Discord to communicate with their customers.

Wiki is an excellent resource for learning more about the platform and answering frequently asked questions.

There is a live chat option on the website, and there isn’t a contact email or phone number for customer service.

Conclusion

This platform’s most incredible perk is the ability to earn money without working. Invest in Midas, and your account will receive daily dividends. It doesn’t matter whether you’re just starting out or if you’ve been working on your retirement portfolio for years.

The wiki and the blog provide in-depth information on how to make money with the platform.

A full list of all the cryptocurrencies offered on the platform, along with their APY. Your risk can be reduced or increased by adjusting your investments based on the price of the currency and its assured dividends, depending on your desired profit margin.

Midas uses both centralized financing (CeFi) and decentralized financing (DeFi) in its business approach. Having no middlemen in the way allows you to maximize your profit margins. The way Midas did it. Investments have the greatest APY (annual percentage yield) in the custodial market.

You can also check out our Gate.io review and other crypto lending platform reviews on our website.