MIDEX The Excanger Platform

 

MIDEX

Market and Industry
According to Research and Markets, the blockchain industry market will grow from $544.2 million in 2018 to $2,312.5 million by 2021, with an annual growth (CAGR) of 61.5%.
Blockchain banking is a new direction in the development of the finance industry. As experts point out it is much faster, more efficient and less error prone than the traditional automatic clearing bank (ACH); this type of banking can save money and time for banks and make payments almost instantaneous for consumers. In addition, the decentralized nature of blockchain makes it difficult for criminals to commit fraudulent actions.

Summary: The project’s main differences from its competitors are its wide range of services, safety, stability and commission-free operation.
Engineering features of the platform
The platform is based on blockchain technology and smart contracts. To prove the fulfillment of transactions, an internet of things (IoT) function is used.
The secure API enables external systems to interact with any of the services and interfaces: Wallets, mobile applications, crypto exchanges, online stores, CRM and ERP systems, statistical services, trading robots, news and ATMs.
The crypto exchange operates using WebSocket technology
Platform architecture:
Blockchain
Decentralized file storage (DFS) - Swarm and Storj.io
Certified CIPF – cryptoPRO and cryptoARM
Agents for processing external requests
Document analyzer
Security technologies used:
Bcrypt password encryption
USB token secure
App authentication
OAuth2
AES encryption
SSL
Technical description
Midex is designed for the following groups of consumers:
private clients – the purchase and sale of goods and services for cryptocurrencies - hot and cold storage of currencies.
business - currency conversion, transactions in cryptocurrency.
traders - trading on the exchange.
investors - investments in cryptocurrencies. 

The platform has the following features:

Midex Payment system. (This can interact with the escrow function).
Payment process: 1) choice of payment method (bank card, electronic money, cryptocurrencies). 2) transition to the Midex gateway. 3) change of payment status.
Midex personal account (online bank or mobile application). It is possible to connect other accounts and centralize their administration, receive reports and other information about payments, make transfers, repay a loan or replenish a deposit, issue and pay bills, automate payments, and block accounts.
Crypto ATMs. Provide the opportunity to buy, sell, exchange and transfer currencies or withdraw funds.
Crypto Exchange. Exchange of currencies is possible at market rates. TradingView.Analytics
Investment platform. An investor can find a trader, discuss conditions and connect an API to view statistics.
Credit platform. P2P loans, the creation of credit histories.
Midex ICO Center. Midex will act as guarantor; it can search for financial support and provide smart contracts and other programs.
Escrow. For various types of transaction with an electronic signature facility.
VR office. Viewing the virtual office.
Comments: The crypto exchange is licensed in Estonia.
A demo version of the product is available.
Technical roadmap
As the technology evolves along with data quantity, it is planned to implement the following:
Before the ICO: Change of cryptocurrencies, crypto exchange, escrow, public API, aggregation of quotations, web platform.
Q2 2018: Introduction of the P2P loan market, asset management, payment acceptance, trading API, mobile application, participation in SWIFT, blockchain.
Q3 2018: Savings and settlement accounts, issuing of bank cards, aggregation of crypto banks, crypto ATMs, marketplace of trust management, mining pool hub.
Q4 2018: creation of Midex Coin, lending, Midex Secure system.
Q4 2019: venture investment, marketplace, premium insurance, ICO marketplace.
Comments: The project has presented a step-by-step strategy for development. The team has software specialists, therefore it is more likely that plans will be implemented to schedule.
Documentation
We have analyzed the MIDEX website and documentation for sufficiency and consistency for making an investment decision.
Information about the project is contained in the White Paper, Privacy Policy and Terms & Conditions, written in English and Russian. The project is described in detail in the white paper. The main emphasis is on platform functions and the technical aspect.
The website also provides information about the project, the ICO, the roadmap, bounty and bonuses, demos, videos, consultants and the team. The website is available in English, Russian, Spanish, Portuguese, Japanese, Korean and Chinese. The website features a link to the demo version and a description of the bounty program.
Summary: The documentation enables forming a comprehensive view of the project. The platform’s processes are described in sufficient detail. The team can be contacted via Facebook.
ICO
Tokens for sale, %: 85
Public ICO start: January 15, 2018
Token type: ERC20
Accepted payment: ETH, BTC, LTC, DASH
Price: 1 MDX = 1 USD
Crowdsale duration: 12 weeks, until April 15, 2018
Use of MIDEX Tokens:

Tokens may be used on the platform as follows:

Token limitation: 75,000,000
Advantages of token holders:


Dividends: Bonus accruals every day at a rate of 20% of commission amount.
Additional token emission: No
Hard cap: 75,000,000 MDX
Current amount: $ 5,000,000
Comments: all unsold tokens will be destroyed after the ICO.
Token holders will not be able to dispose of their MDX tokens until the end of ICO.
Bounty
Bounty program
Up to 3,750,000 MDX tokens will be distributed among participants after the end of the token sale period.
The program is open in the following areas:

Summary: The project has an extensive bounty program. All program conditions are listed on the project's website; registration for the program is also via the site.
Token and capital distribution
Tokens and capital are distributed according to the following scheme:

Summary: Tokens do not affect the distribution of shares in the company. The incentive system is built in such way that it is more profitable to buy tokens earlier.
Development plans
The roadmap:

According to the White Paper, the project is planning to switch to a digital format to enable the following:
Provision of client access anywhere in the world 24/7.
A reliable authentication system.
Summary: In 2018, the project team plans to focus on developing the platform’s functionality. In early 2019 (or late 2018), the project will have its own coin and will provide services in 4 main areas: Venture investments, insurance, brokerage services, and an ICO marketplace.
Team

The team consists of 17 people and 5 advisors. Information about the main team members based on LinkedIn is given below.
Andrew Dubinin (LinkedIn N/A) – President. Previously member of the management committee for central and eastern Europe UBS, and led a project for the British financial group Aviva.
Dmitry Machikhin (LinkedIn) - Executive Director. Partner at GMT Legal, Deputy Head of Medical Business Development and External Relations Department at CHTPZ Group, formerly partner at Intels legal, Attorney at J & T BANKA SR.
Alex Shkirin (LinkedIn N/A) - Head of Tax and Legal Department.
The team has 14 more members.
Summary: The team is mainly from Russia and also has the following specialists: a Technical Director, a PR Director, Lawyer, Investor Relations Manager, Hype Manager, Project Manager, a Marketing Director, plus Software Developers and Designers.
Marketing
Information about the project is available via various popular services: Twitter, Telegram, Reddit, Slack, Facebook, BitcoinTalk and YouTube. The project has a bounty program.
The team is active on social media. News is regularly updated on Twitter, Facebook and VK; the team is placing videos on YouTube.
The format of articles about the project shows that they are written mainly to order.
Comments: Interest in the project is gradually growing. The marketing campaign is being developed mainly on Facebook, Twitter and YouTube.
Traffic analysis of the MIDEX website based on Similarweb.com data showed the following:
Traffic source

Comments: Direct link: 34.22%, referrals: 16.62%, search: 22.15%, social media: 22.71, mail: 0%
Search traffic: 22.15%: 76.14% of which is “organic” and 23.86% arises from paid searches.
Referral links: 16.62%
Total Visits: 65,000


Social activity analysis of the MIDEX site based on BE1.ru data showed the following:
Traffic source
Comments: Top 5 countries for visitors: Russia - 44.89%, Ukraine - 12.77%, Brazil - 5.80%, Belarus - 4.75%, Japan - 3.40%.
Referral links: bitcointalk.org - 47.64%, icobench.com - 14.72%, promo.midex.com - 12.76%, bountylord.com - 7.88%, ico-list.com - 5.06%.


Traffic analysis of the MIDEX website based on analysis data showed the following:
Traffic source
Website rate: 0.79 (79%)
Activity: visitors: 9064; views: 36,240
Social activity: score - 605 (+137), source: VK – 15 (+1), Facebook share – 590 (+136)
Summary: Based on available data, it can be concluded that users have begun to be interested in the project. The team is conducting an advertising campaign via Twitter, Facebook and VK, and is uploading videos to YouTube. There are publications available in the media about the project. Over the past month, website traffic has increased by 1400 visits.

For more info :
Website             : https://ico.midex.com/en
ANN Thread    : https://bitcointalk.org/index.php?topic=2714588
Whitepaper      : https://promo.midex.com/Midex_EN.pdf
Telegram          : https://t.me/midexinfo_en
Facebook          : https://www.facebook.com/midexinfo/
Twitter              : https://twitter.com/MidexInfo

Author              : Anzal RK
My Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1115678
ETH                  : 0x7b56837589A428A507aB76b0Df46BfE7D2fa5C38