Quote from: MidasCoin on September 22, 2014, 09:34:58 PM

Quote from: IMJim on September 22, 2014, 08:42:54 PM

I sent my coin from the pool to the wallet, trying to send to exchange from wallet I get an error "insufficient funds" when trying to send the balance. I only have a few coins and they show 13 confirmations, why am I getting this error trying to send my coins?

Hello,

Our network apply a 1% transaction tax as revenue model for the Midas Payment LTD.
This is stated also in the first post.

This mean that if you have (example) 100 coins, and you try to send 100, it will say insufficient funds.
You have to send as max 100-(1%).

We will update our wallet for do this adjustment automatically.

Regards

Actually looks like double taxation to me because there is only one centralized pool, and while it doesn't force you to withdraw, it annoys the hell of you after 250 MIDAS is accumulated. So miner pays 1% when moving coins from pool to wallet, and then another 1% when actually paying with coin to a vendor, 2% total. The only way to avoid paying network tax twice is to use coins from pool to pay directly to a vendor.

edit: I take that somewhat back. Most other pools have pool fee, MIDAS pool doesn't, so this "withdrawal" 1% tax is roughly equivalent to pool fees others charge.