We are glad to announce the launch of the new payout split program, aimed to increase the utility of MIDAS token and connect platform growth with the MIDAS market.
What is a payout split?
On a daily basis, Midas will analyze total payouts made to investors across all coins/tokens and initiate a 10% payout split to the MIDAS market. From a total daily payout of 0.3 BTC to users, 0.03 BTC would flow to the MIDAS market daily – meaning almost 1 BTC per month! The rate of payout split will be reviewed on a six-monthly basis.
This differs from the common revenue split. Where a revenue split is based on the revenue the company is generating, which can vary drastically from month to month, the payout split will be based on the TVL (total value locked) on the Midas portfolio and the rate of payouts we are generating for users. This will provide a consistent and sustained flow of liquidity to the new MIDAS market.
Simply put, if you invest in ANY coin/token on Midas, this will directly contribute to asset flow on the MIDAS market.
What happens to purchased MIDAS tokens
Purchased tokens go to one of three locations:
1. Growth fund
Funds will be held and utilized with the sole purpose to provide opportunities for growth to Midas platform and/or token. Possible solutions could be:
- providing liquidity to new or existing liquidity pools to provide strength to markets and open opportunities on new platforms.
- providing opening liquidity on new farming or staking options for users, which increases the outside awareness of Midas.
- marketing opportunities, be that internal or external activity which we have assessed open new opportunities for growth.
2. Investor APY boost
Funds collected in this allocation will be released in the following six-month cycle of emission rates – upon the six-monthly review of smart contract emissions
Funds enter a designated burn wallet address that will not be recovered.
Asset flow from the payout split will be reviewed on a six-monthly basis to ensure funds purchased through the Payout Split are being utilized to provide optimal long-term results. For launch, 50% of purchased MIDAS will flow towards the growth fund and 50% towards the Investor APY boost fund.
Where do these purchases take place?
We will make complete purchases for the payout split through the two largest liquidity for MIDAS token. At present, this is UniSwap. Prices through these platforms directly contribute to live market data for MIDAS on CMC and Coingecko and will assist in providing maximum support and growth to the MIDAS market.