In April 2019, Midas launched the Lock-in, which aimed to provide investors with opportunities to maximise profits whilst offering strong utility for MIDAS and launching Midas as the lowest cost platform for masternode investments.
How does the MIDAS Lock-in benefit the investor?
The concept of the MIDAS Lock-in is simple: Hold the required MIDAS coins in the Lock-in on the Midas platform and this activates zero fees on investments. The MIDAS held in the Lock-in always remain your property and in your control and an investor is not required to make any ongoing payment to continue using this service.
At the time of publishing this article, activating the MIDAS Lock-in requires 350 MIDAS. This requirement is dynamic based on the price of MIDAS; if the price of MIDAS increased, we would reduce the number of MIDAS required in the Lock-in, and vice versa.
MIDAS held in the Lock-in does not generate rewards for the investor but are held in masternodes. Rewards are collected and periodically burned further boosting the impact of the MIDAS coin economics to bring additional benefits to investors and growth opportunities for MIDAS.
MIDAS is a utility coin for Midas services and Lock-in represents just one utility offered by MIDAS. These utilities have provided MIDAS with 450% growth over a seven month period and supports MIDAS in our sustainable growth plan and has allowed MIDAS coin to become the most stable masternode coin on the market. In addition to providing zero fees on investments, this sustainable increase in coin value has provided investors with asset growth for coins held in the MIDAS Lock-in; a win-win.
How can this be activated on my account?
Activating MIDAS Lock-in is quick, simple and hassle free. To access the Lock-in, click your username in the top-right of the Midas platforms and select the ‘Zero fees and Burn out’ option.
Activating MIDAS Lock-in is quick, simple and hassle free. To access the Lock-in, click your username in the top-right of the Midas platforms and select the ‘Zero fees and Burn out’ option.
Here, you will find the management page for the MIDAS Lock-in with three buttons used to manage your Lock-in: ‘Instant Buy’, ‘Deposit’ and ‘Withdraw’.
To activate the MIDAS Lock-in, you have three options:
- Activate using your MIDAS coins already owned
i) From the MIDAS Lock-in management page, press ‘Deposit’ and copy the address provided.
ii) Go to your MIDAS share on the Midas platform, change your withdrawal address to the copied deposit address .
iii) Withdraw 350 MIDAS from your share to Midas Lock-in and allow 10 confirmations to arrive.
NOTE: These instructions can be followed for buyers on Midas exchange. Before starting these instructions, purchase 350 MIDAS on Midas exchange and these will go to your share described in point ii.
2. Purchase coins on InstantBuy
i) Directly on the MIDAS Lock-in management page, select the ‘Instant Buy’ option.
ii) Purchase 350 MIDAS from InstantBuy and this will be applied to your Lock-in immediately.
3. Send coins third party exchanges or external wallet.
i) From the MIDAS Lock-in management page, press ‘Deposit’ and copy the address provided.
ii) From exchange or your wallet send 350 MIDAS to the Lock-in deposit address copied and wait 10 confirmations.
Once your MIDAS Lock-in has been activated, the Lock-in battery graphic will appear full and you will receive on screen confirmation that your Lock-in has been activated.
The exciting future for the MIDAS Lock-in
Currently, the MIDAS Lock-in will activate zero fees on investments. As the Midas service grows, we aim to integrate the Lock-in to all services. This means zero fees on investments, exchange trading fees, InstantBuy fees and InstantSell fees!
By increasing the utility of the Lock-in, this will widen appeal for the service and increase overall participation to provide ongoing growth opportunity for the Midas ecosystem and MIDAS coin.
The MIDAS Lock-in provides an all-in-one solution to maximise cryptocurrency investment profitability. Activate your MIDAS Lock-in today to start seeing the immediate benefits!
