MIDASCAPS ICO details and rating

mindcaps

the production of capsules – an innovative technology for conveniently carrying and dispensing nutritional supplement. MIDASCAPS ICO rating – 62

ICO MIDASCAPS Visit MIDASCAPS ICO site

Upcoming ICO : 02/08/19 – 31/08/19

ICO rating
Business: 12/20 Product: 2/5 WP: 9/10 
Roadmap: 5/10 Legal: 1/5 ICO terms: 4/5 
Team: 14/20 Token applying: 3/5 Promotion: 12/20 
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About MIDASCAPS ICO (token sale)

The MIDASCAPS ICO ecosystem and business model is predominantly centered around the production of capsules – an innovative technology for conveniently carrying and dispensing nutritional supplements. This physical product, called Midas Capsules, facilitates the creation and use of a utility token, MidasCoin, which can be used for the purchase of capsules and as currency on the MidasEngine platform. In turn, MidasEngine taps into the sharing economy, enabling users to organize local small scale sports events in which anyone to participate for a fee.

The global market for sports nutrition is huge. It is projected to reach 81.5 billion USD by 2023 with a projected CAGR of 9.92%. That being said, there is still a lot to be desired when it comes to the ease of use and accessibility of those products, especially as it has to do with their packaging:

  • They require expensive upfront payment (you typically have to pre-purchase at least 30 doses)
  • Usually, you need to prepare them at home up-front
  • When you buy in bulk, you get an overwhelming amount of the same product with the same flavour
  • Unconsumed doses are exposed to oxidation
  • Sachets solve some of the above problems, however, they are messy and the user usually gets dirty using them

MIDASCAPS ICO capsules aim to solve all those issues by introducing an easy to use container, which keeps the supplement head loaded into the bottle in a practical and clean way. They can be sold by vending machines in gyms, clubs, and malls, as combo packages on MidasCaps e-commerce sites, or just as single capsules on normal retail channels.

The main goal of the MIDASCAPS ICO token sale is to fund the creation of facilities for production of the capsules and their subsequent marketing, distribution and sales.

While the production of capsules is the core business behind the project, MIDASCAPS ICO aims to also develop a secondary business stream in the form of an on-line platform for sports event sharing – MidasEngine. The idea behind the platform is that anyone can organise a local sports event of any size – starting from gathering a few people to play basketball on a local court and stopping at inviting a pro basketball team for a professional match. The organiser does the organisation and supplies the facilities for the event and in turn can define prices for attendance, viewing and participation. After that, the event is open for anyone.

MidasCoin Tokensale

MidasCoins will be made available to investors through an IEO, which will be structured with separate rounds, similarly to how traditional startups raise seed funding from venture capital firms. We plan to have three rounds of IEO funding with the following specifications:

Token Information

Name : MidasCoin
Ticker : MDC
Initial price : $0.01 Supply : 250,000,000 MDC

IEO Round 1
Token for sale : 60,000,000 MDC
Percentage of total tokens : 24%
Token price : $0.01
Total amount to be raised : $600,000
Bonus for early investors : 10% of total invested Lockup period : 3 months after conclusion of IEO round

IEO Round 2
Token for sale : 60,000,000 MDC
Percentage of total tokens : 24%
Token price : $0.015
Total amount to be raised : $900,000
Bonus for early investors : 7% of total invested Lockup period : 2 months after conclusion of IEO round

IEO Round 3
Token for sale : 50,000,000 MDC
Percentage of total tokens : 20%
Token price : $0.02
Total amount to be raised : $1,000,000
Bonus for early investors : 5% of total invested Lockup period : 1 month after conclusion of IEO round

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