Midas.Investments Review + Usage Tips

Midas.Investments Logo

Midas.Investments offers by far the highest payout ๐Ÿ”ฅ compared to any other platform I have came across.

I will continue my research to ascertain if Midas.Investments is a legit outfit and keep this article updated.

Table of Contents

Company

Midas.Investments is a custodial crypto-investment platform with one mission โ€” to provide passive income streams to crypto investors.

“In this young and growing technological arena, Midas has quickly established itself as industry leader offering a complete investment ecosystem to create a secure and user-friendly investment management platform supported by our media platforms delivering educational and informative articles for both new investors and current community.”

Established in January 2018, Midas.Investments started as a shared masternode service with a discord server and google sheets to calculate rewards. Over the years, its business has pivoted multiple times.

Today, Midas.Investments is a custodial crypto-investment platform for staking core crypto assets and DeFi markets. Investors receive access to the vast range of crypto-assets, swap feature, and yield-automated-portfolios on the platform, which makes Midas the go-to place to build the yield-generating portfolio.

Midas Investments' LinkedIn profile:

With the Russia-Ukraine tensions in 2022, there is concern from investors on its impact on Midas Investments.

Responses from the CEO, Trevor:

  • Reddit:

    “80% of our team is speaking the Russian language, but our business is global. Russian government does not have leverages to effect Midas.”

  • Discord [24 Feb 2022]:

    “The geopolitics of Russia does not effect Midas as a company.”

    “I am confident about Midas future in crypto. Putin does not have any ways to interfere our mission and our path.”

    “We do not host servers in Russia. Do not have entities, and located in various parts of the world.”

    “In the next two months we will be transparent by all international law. Yes, it means KYC, but it also means that you will receive fully legal and transparent way to earn crypto. Midas will be the service you can build your life-wealth through.”

  • Discord FAQ [9 Mar 2022]:

    “Midas as a company has nothing to do with Russia and never worked under Russian jurisdiction. We are an international company. Our license is in the process in Switzerland. The only thing that’s connected to Russia is that some of our teammates are Russians. However they all have relocated to another country at the moment, so no sanctions can affect them as individuals. But we also have teammates from the US, EU, UK and Asia. Midas is aiming to be an unbreakable system that can overcome any black swan events.”

Business model

My top question is how are such high yields possible? There is a wiki article addressing this question. Or you may prefer to watch the CEO explaining it in a video interview (skip to 02:39):


Midas Investments does not use leverage, and does not trade. Yield is generated through hedged strategies using following investment instruments:

  • Lending and borrowing
  • Hedged token farming
  • DeFi Yield vaults
  • Concentrated liquidity provider on Uniswap V3

Yield rates

Published APY rates for popular crypto assets on 23 May 2022 shown below:

  • BTC: 9.4%
  • ETH: 10.6%
  • AVAX: 17%
  • BNB: 11%
  • DAI: 14.5%
  • FTM: 19%
  • LINK: 9%
  • LTC: 1% (low APY but useful as a means to move assets in/out of the platform)
  • USDC: 14.5%
  • USDT: 14.5%

Midas Investments will review the interest rates periodically according to market conditions. Blog posts on interest rates review:

Midas.Investments yield rates
updated yield rates announced on 23 May 2022

In fact, the incredible interest offered makes me skeptical and worried that it might be a Ponzi scheme. The CEO Trevor addresses this in a Youtube video: “How your crypto-assets are managed inside the Midas ecosystem”

Location of company

On 12 Apr 2022, Midas Investments shared on discord that:

“We are working on onboarding two companies in Switzerland to diversify our business activities. They are open and waiting for FINMA confirmations.”

“We have faced a lot of complexity with operational and investment processes, strict KYC and AML policy within Switzerland, which makes it impossible to onboard current Midas activity and userbase into Swiss asset management. This is why we took down the information about those companies from Midas website to not mislead FINMA and our users.”

“The Swiss asset management will be used to create a scalable investment products for high-networth individuals, funds and businesses.”

Meanwhile, Midas.Investments aims to create a group of companies headquartered in Dubai to covers current activities, and reserve the Swiss asset management entity for other activities.

Cayman Islands might be explored as a backup plan if the Dubai plan does not work as expected.

Key metrics

Major developments

  • Start implementing KYC process for all users [31 Mar 2022]
  • Exit masternode market [Feb 2022]

Presence in Singapore

Unknown (Probably none)

Regulation by Monetary Authority of Singapore (MAS)

Unknown

Reviews

One of my key concern is how legit is this platform and I tried to search for reviews:

Roadmap

Social media

The first Youtube video I watched; with Trevor discussing the reason behind why DeFi projects offer high yields. I played the video at 1.5x speed and was able to catch what he was saying pretty clearly.

Ecosystem

MIDAS token


MIDAS token is the blood of Midas.Investments platform designed to produce yield and give utility to holders.

The MIDAS token was launched on 1 December 2021. It is a token based on the Fantom blockchain network with a 5,000,000 MIDAS total supply.

Key utility: On a daily basis, the Midas team analyzes total payouts made to investors across all coins/tokens and initiates a 10% payout split to the MIDAS market.

More resources:

Midas Investments Platform

I suggest investing some time to watch this video which gives a good overview of the platform’s features.

Educational Content

Official Blog

The official blog of Midas Investments contains useful information like:

  • DeFi discussions
  • analysis of crypto markets
  • platform news and promotions

There are blog articles produced all the way from late 2019.

Financial Independence Course

Midas Investments offers a FREE financial independence course for beginners. Quick and fun lessons on how to invest wisely and achieve financial freedom.

It doesn’t take long to complete; as it consists of just a few web pages with cool info-graphics and nicely drawn cartoons.

MIDAS Boost

Launched on 31 March 2022, the MIDAS Boost feature allows investors to enjoy extra interest if they opt-in to receive payouts in the Midas token.

See my FTM portfolio with MIDAS Boost toggled ‘on’ and ‘off’.

MIDAS Boost 'On'
MIDAS Boost ‘On’
MIDAS Boost 'Off'
MIDAS Boost ‘Off’

Yield Automated Portfolio (YAP)

Extract from Wiki page:

Each YAP is made up of a selection of cryptocurrencies, grouped together and weighted by market capitalization (market cap). The market cap of a cryptocurrency is calculated by multiplying the number of units of a specific coin by its current market value against the US dollar.

When a cryptocurrency goes up in value, its market cap will increase and therefore the value of the YAP will rise, and conversely, when cryptocurrency prices fall against the US dollar, the value of the YAP will fall.

There are several benefits to YAP investing, rather than multiple individual cryptocurrencies. Firstly, it can be a more cost-effective way of investing in cryptocurrencies, as it allows you to take a view of the sector as a whole without having to buy each individual coin. Investing in a YAP can also help to spread some of your risks, as you arenโ€™t being exposed to a single coin.

If you are familiar with stocks investment, the concept is rather similar to ETFs.

โœ”๏ธ Unique Selling Proposition (USP)

100% of profit are paid in crypto you invested

Profit is paid out in the crypto invested in; unless you choose to opt in to MIDAS Boost and receive your payouts in the MIDAS Token.

No limits, no lock-ups, rewards are paid every day

No lock-ups and daily payouts offers flexibility to investors to swap around or move funds.

No minimum investment sum required

You can start investing with any amount at Midas Investments.

Social login

You can conveniently sign up and login with a Google or Discord account.

โŒ Drawbacks

Expensive to withdraw some of the cryptocurrencies

From what I read on Reddit, it is expensive to withdraw some of the crypto assets. The workaround suggested by netizens is to convert them to BUSD and withdraw for just US$0.50.

Usage Notes and Tips

Overall impression of Midas.Investments

I like that Midas.Investments proactively engages their clients via Discord, YouTube videos, Ask Me Anything (AMA) sessions, and blog posts to discuss their strategies and future plans.

Their transparency, accountability, and conviction to prioritize investor funds over high risk strategies, gives me a sense that Midas.Investment is a responsible corporate entity, and that makes me willing to invest with them.

Onboarding

I signed up and logged in with my Google account in February 2022. It probably took 10 seconds?

For Google account sign-ups, you can enable 2FA protection under your profile settings. The 2FA is implemented via an OTP sent to the Google email address used for signing up.

KYC by sumsub

Midas.Investments is a crypto asset management platform specializing in creating yield services utilizing Decentralized Finance (DeFi) protocols. We comply not only with Swiss regulations presented by FINMA but with global regulations also.

To strengthen user protection, risk management protocols, and overall security, we will implement new KYC requirements for all users beginning on March 31, 2022.

There was no KYC implementation when I signed up in February 2022, but starting 31 March 2022, KYC was implemented for all users.

The service provider for the KYC process is sumsub.

For address verification:

[Update on 13 Apr 2022]: Midas Investments announced mobile bills will be accepted for proof of address

We accept:

  • Bank statements
  • Utility bills (The documents that you provide shouldnโ€™t be older than 3 months)
  • Internet/cable TV/house phone line bills
  • Tax returns
  • Council tax bills
  • Government-issued certifications of residence, etc.

We don’t accept:

  • Screenshots
  • Mobile phone bills
  • Medical bills
  • Receipts for purchases
  • Insurance statements

I submitted my KYC information on 31 March 2022 using my mobile device. The process required me to take a photo of my identity card. I mistakenly uploaded a PDF of my mobile bill for the proof of residence and it was rejected as stated in the list above.

Funding

Sent some BTC to the deposit address and received them in minutes on Midas Investments' platform.

Support

For support, there is a button on the bottom right of the webpage which allows you to:

  • initiate a chat session
  • search the knowledge base

You can also visit the Wiki or ask your questions on Discord.

There is no support via email.

Referral Benefits

Midas Investments currently only offers referral benefits to referrers and not to referees. If you have found this article useful, and wish to try out the platform, do consider signing up via our referral link.