So what about possibility to participate in IEOs with MAS tokens? This should increase MAS price and liquidity.
Also when BEP tokens will be available for storage in Midas wallet? For example Trust wallet became very popular because of store BEP tokens nowdays...
Binance chain and Bep tokens are supported by Midas wallet. Even we have Unidex for cross-chain exchange (BNB <=> MCASH ...).
I don't think IEO is good for MAS. Price will be increased when we have more utilities for MAS token. MASphere is example
What utilities do you mean? But you said that you have token sale with tokens on Mcash, right? And investors buy this tokens with Mcash coin. Why not with MAS tokens?
When are you going increase volume on Vinex exchange? This volume is just a joke now. You must launch bot trading like this made other exchanges for increase activity and attract real traders, do some marketing etc.
You can use MAS to buy planets in MASphere projects. There are questions and replies from Dr David. Maybe they can help you better understand
Question: 1. How does having billions of transactions on mcashchain help mas value . I know that mcash can be bought with mas only ... but with zero fees as stated , there won't be a reason to buy too many mcash for mas I feel
Answer: You only pay attention for "fees". Many people make the same mistake when it comes to analyse a chain. MCash is and will be a currency that is used in hundred of games, e-commerce, paying for services such as shop fees, advertising fees on Midashimaya etc. MCash is the ultimate utility of MAS because of instant transaction, high scalability and zero fees. We learn the lesson from other projects, developing chain without significant number of dapps will result in disappointing value creation. Hence, we do chain and we do dapps by ourselves in collaboration with partners in join venture model.
Question: 2. The core mas product currently ( Midas wallet ) for which ico funds were raised . What kind of traction has it got .., i.e how Many downloads . In 2018 a grand vision of 1m users for the wallet was stated . Has that vision changed ?
Answer: We have about 50k downloads now. The vision of having millions of downloads and users stay the same. The launching of strong pipeline of decentralized applications and platforms directly from Midas Wallet is exactly aiming to achieve this goal. The launching of MCashPay crypto payment gateway as a plugin aiming exactly to capture any crypto adoption possible and convert them into our users of Midas and Vinex.
Question: 3. Does Midas wallet have a revenue generation model or is it a free wallet . If it has a revenue generation model , can u pls share that
Answer: It will adopt freemium model. However, only when it has big enough user base and enough application and functionality on wallet then subscription can kick in. Too greedy too early will bring failure.
Question: 4. Why is this ecosystem so complicated ? I mean 2 tokens mas and mcash .
Mas has got no value and no trading liquidity compared to ico valuations ... so why can't all mas tokens be burned and mas holders be given mcash tokens 🤷🏻♂️
Answer: To me, it is very clear and easy to understand. MAS is asset that brings 24% p.a interest in MCash and MCash is the ultimate utility of MAS through hundred of applications in the pipeline. Let alone people who use MCash to run 5 layers of nodes to earn rewards from MCashChain directly from Midas Wallet.
Question: 5. What is the point of having mas as trading token of vinex exchange as no information has been provided about token burn which was initially stated as a form of raising value of mas.
Because the volume is still too small for it to make any sense right now. The ramping up of work with many high value projects such as Veil, Stealth, Rise, Zilliqa...etc brings to us the result that we expect, more volume, more contests, more great projects, more airdrops etc. At some point in time, when we reach volume in the millions daily, we will announce. Yet, in our view, the birth of MCashChain and hundred of dapp on Midas Wallet that run on our own chain will be the Value Unlocking Event. Burning token is the lazy way when you are running out of innovation. And we, at Midas, never run out of innovation and creativity.