MIDEX ICO Review

Project details

Name: MIDEX

Ticker symbol: MDX

Project type: Platform, Banking, Investment

Extended company description: Midex makes the use of cryptocurrency easy for businesses, traders, and consumers. It is a financial ecosystem fulfilling the needs of all economic participants through a fully licensed and encrypted exchange.

Company: Midex Ltd.

Website

Whitepaper

ICO details

Public ICO start: 15.01.2018

Public ICO end: 15.04.2018

Token Sale duration (weeks): 12.85

Token type: ERC20

Token emission: 75,000,000

Tokens available (Pre-Sale + Public ICO): 63,750,000

Investment goal:

Price: 1 MDX = 1 USD

Accepted payment: ETH, BTC, LTC, DASH

Bounty: The program is active until the end of the ICO.

Token role: Functional

Team

Team (number of people): 17

Advisors and partners (number of people): 5

GitHub: N/A

Project information

Midex makes using cryptocurrency easy for businesses, traders and everyday users. It is a financial ecosystem fulfilling the needs of all economic participants through a fully licensed and encrypted exchange.

The Midex ecosystem includes:

A crypto exchange.
Secure transactions (Escrow).
A network of crypto ATMs.
An investment fund.
An ICO staging facility.
A credit marketplace.
An investment marketplace.
A payment system.

The system enables storing, transferring and exchanging crypto assets.

Advisors:

Eyal Hertzog (LinkedIn) - Blockchain advisor. Product architect for Bancor Foundation, previously co-founder and product architect for AppCoin, co-founder and president of Metacafe Inc.
Daniele Azzaro (LinkedIn) - Strategy advisor. Preventing financial crime SMEs and senior strategy consultant at Lloyds Banking Group, consultant for ModulTrade Ltd, CoinLoan, managing director of Dekoo Consulting.
Ely Tolen (LinkedIn N/A) - Advisor on international relations. VJ for Capital FM.
Gabriel Brack (LinkedIn) - financial expert. CEO at Rothschild Family Office.
Renato Almeida (LinkedIn) - Legal advisor. Legal advisor to Snovio, civil servant at TJDFT, previously legal advisor for Minex.io, legal advisor and business analyst at TrueFlip Inc.

Partners:

Global Venture Alliance - an ecosystem promoting start-ups.
IBM - technical partner.
The Linux Foundation - a company investing in technology.
Bancor - crypto exchange.
Yoldi - partner in product development consulting.
Ethereum - technical partner.
Bitfury - a diversified blockchain company, the largest industrial crypto miner outside of China, software and hardware developer with Bitcoin.

Attracted investments: N/A

Summary

The Midex project has experts in finance, legal issues and IT. According to the team, the project's activities comply with legislative requirements in Estonia, Hong Kong, Singapore, the United Kingdom, the United States and Japan, and also meet European AML requirements including AMDL IV.

Project strengths:

The market chosen by the project is a dynamically developing one.
The project has a strong team of specialists.
The project has an MVP.

Project weaknesses:

A strongly competitive environment in the selected market.
There are risks of not attracting enough users to the platform.
The project uses several business models, which may entail an increase in development costs.
The project has competitors with selected individual products.