> For the complete documentation index, see [llms.txt](https://docs.midasmine.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.midasmine.com/whitepaper/faq.md).

# FAQ

Find answers to common questions about Midas, mobile mining, MID, blockchain development, wallets, and the ecosystem.

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<summary><strong>What is Midas?</strong></summary>

Midas is a community-driven cryptocurrency project focused on building a blockchain-native ecosystem around digital assets, wallet infrastructure, and blockchain technology. It begins with a mobile mining application and aims to progressively develop its own blockchain environment.

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<summary><strong>What makes Midas different from other crypto projects?</strong></summary>

Midas believes cryptocurrency should develop around its own fundamental technology rather than simply recreating existing businesses with a token attached. Its focus is on blockchain infrastructure, digital assets, wallets, and peer-to-peer transactions.

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<summary><strong>What is the long-term vision of Midas?</strong></summary>

Midas aims to build a connected cryptocurrency ecosystem where blockchain infrastructure, MID, and wallet technology work together. The objective is to develop a complete crypto-native environment rather than remain limited to a mobile mining application.

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<summary><strong>Is Midas only a mobile mining application?</strong></summary>

No. Mobile mining is the starting point of the Midas ecosystem. The broader vision includes blockchain infrastructure, digital asset ownership, wallet functionality, and network-based transactions.

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<summary><strong>What is MID?</strong></summary>

MID is the primary digital asset of the Midas ecosystem. It is designed to connect mining reward distribution, digital ownership, and the broader blockchain environment being developed by Midas.

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<summary><strong>What is MID mining?</strong></summary>

MID mining is a participation-based reward mechanism available through the Midas mobile application. Users accumulate mining rewards by participating in eligible mining sessions according to the applicable mining rate, session conditions, and reward rules.

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<summary><strong>Does mobile mining mean my phone performs Proof of Work?</strong></summary>

No. Midas mobile mining is a participation and reward distribution mechanism. Smartphones do not perform the computational Proof of Work required to secure a blockchain network.

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<summary><strong>What are Gold Mining and Silver Mining?</strong></summary>

Midas provides two mining categories. Silver Mining (sMID) is an open mining category that allows users to participate in three daily sessions, each lasting four hours. Gold Mining (gMID) requires at least one active invited miner and operates through a 24-hour mining session.

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<summary><strong>Are gMID and sMID separate tokens?</strong></summary>

No. gMID and sMID are internal mining accumulation categories within the Midas application. Both represent participation toward the same MID digital asset and are not separate cryptocurrencies.

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<summary><strong>How does the Midas halving mechanism work?</strong></summary>

Midas follows a time-based halving mechanism in which the base mining rate is reduced by 50% every three months during the scheduled halving period. The initial schedule includes five halvings, beginning in December 2026. The schedule is based on predefined time intervals rather than miner-count targets.

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<summary><strong>What is the Welcome Bonus?</strong></summary>

Midas provides a welcome bonus of **50 sMID** to new users who enter a valid invite code while setting up their account. The 50 sMID is credited instantly to the user's mining balance after the invite code is successfully applied.

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<summary><strong>What are mining boosts?</strong></summary>

Mining boosts provide additional mining speed based on eligible referral participation. Midas includes Invite Mining Boost and MVP Mining Boost, which reward users for bringing genuine and active miners into the ecosystem.

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<summary><strong>What is Invite Mining Boost?</strong></summary>

For every qualifying active invited miner, the inviter receives an additional boost equal to 50% of their original base mining speed. The boost is calculated using the number of invited miners who meet the required activity conditions.

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<summary><strong>Who qualifies as an active invited miner?</strong></summary>

An invited miner qualifies for the standard Invite Mining Boost when they have completed qualifying Gold or Silver mining activity within the preceding 12 hours.

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<summary><strong>What is MVP Mining Boost?</strong></summary>

MVP Mining Boost provides an additional 25% of the user's base mining speed for every qualifying MVP invited miner. An MVP must have an active account, at least 20 completed mining sessions, and qualifying recent Gold or Silver mining activity.

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<summary><strong>What is the difference between Invite Mining Boost and MVP Mining Boost?</strong></summary>

Invite Mining Boost provides 50% additional base mining speed per qualifying active invited miner. MVP Mining Boost provides another 25% per qualifying MVP miner. Both are calculated against the original base mining speed.

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<summary><strong>What is the Midas Invite Bonus?</strong></summary>

Midas provides 150 MID for every qualifying invited miner. The bonus is credited directly to the inviter's Verified Balance after the invited miner successfully completes at least one Gold or Silver mining session.

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<summary><strong>Can the Invite Bonus be revoked?</strong></summary>

Yes. If an invited miner deletes their Midas account, the corresponding 150 MID invite bonus is automatically revoked from the inviter's balance. This mechanism helps prevent artificial account creation and referral abuse.

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<summary><strong>Can Invite Bonuses be frozen?</strong></summary>

Yes. If an inviter's invited miners have collectively completed fewer than 500 mining sessions and the associated accounts are identified as potentially suspicious, the accumulated invite bonus may be temporarily frozen and made ineligible for on-chain migration pending review.

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<summary><strong>What is the maximum supply of MID?</strong></summary>

The maximum planned supply of MID is 5,000,000,000 (5 billion) tokens. Of this amount, 3,000,000,000 MID (60%) is allocated to public mining distribution. The remaining supply is intended for other ecosystem and development allocations according to the published token distribution framework.

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<summary><strong>Which blockchain will Midas use?</strong></summary>

Midas is pursuing an Ethereum-based Layer-2 blockchain architecture. The objective is to build upon established Ethereum technology and its smart-contract ecosystem while developing infrastructure suited to Midas's requirements.

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<summary><strong>Is MID an ERC-20 token?</strong></summary>

MID is intended to use Ethereum-compatible smart-contract token functionality. ERC-20 is a token standard, not a blockchain network. The final token implementation will depend on the deployed smart contracts and network architecture.

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<summary><strong>When will MID become available on-chain?</strong></summary>

On-chain availability is connected to the development and deployment of Midas blockchain infrastructure. Eligible accumulated mining balances will be migrated according to the applicable verification, eligibility, and migration rules.

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<summary><strong>What is the difference between Internal Mainnet and Open Mainnet?</strong></summary>

Internal Mainnet is intended to introduce blockchain-based functionality within the Midas application, including peer-to-peer MID transfers between supported users. Open Mainnet is intended to expand network accessibility and support transactions through compatible external wallets.

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<summary><strong>Will Midas have a Testnet?</strong></summary>

Yes. A Layer-2 Testnet is planned before mainnet deployment. It will be used to evaluate network functionality, smart contracts, transactions, performance, and related infrastructure.

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<summary><strong>Will users be able to use external wallets?</strong></summary>

Midas intends to support compatible Ethereum-based external wallets as the network develops. External wallet access will depend on the deployed network, token implementation, and supported integrations.

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<summary><strong>What is the Midas Wallet?</strong></summary>

The Midas Wallet is intended to provide users with a way to manage their digital assets, control their wallet credentials, and interact with supported blockchain functionality within the Midas ecosystem.

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<summary><strong>When will Midas introduce KYC?</strong></summary>

Midas plans to begin its first identity verification stage in December 2026. This stage will introduce AI-enabled liveness verification and facial identity mapping, followed by a second stage involving official document verification and facial matching.

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<summary><strong>Why does Midas require KYC?</strong></summary>

KYC is intended to strengthen identity integrity, detect duplicate identities, and help ensure that mining participation is associated with genuine individuals. It is an independent verification process within the Midas ecosystem.

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<summary><strong>When is the TGE (Token Generation Event)?</strong></summary>

The TGE date has not yet been officially announced. Midas will communicate the confirmed TGE schedule through its official website and verified communication channels. Users should follow official announcements for updates regarding token generation and the associated on-chain distribution process.

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<summary><strong>How does Midas prevent bots and spam accounts?</strong></summary>

Midas uses a multi-level security approach designed to identify suspicious activity. This includes device-level security signals, network activity monitoring, AI-based behavioural screening, mining participation analysis, and facial identity verification.

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<summary><strong>Can one person operate multiple Midas accounts?</strong></summary>

Midas is designed around genuine individual participation. Its identity verification and security screening mechanisms aim to detect duplicate identities and multiple-account abuse. Accounts identified as suspicious may be subject to further review.

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<summary><strong>What happens if an account is identified as suspicious?</strong></summary>

Accounts displaying suspicious, automated, duplicated, or manipulated activity may undergo additional screening. Depending on the findings and applicable platform rules, mining activity, bonuses, or account functionality may be restricted, frozen, or revoked.

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<summary><strong>What happens if I lose access to my wallet?</strong></summary>

Wallet recovery depends on the availability of the appropriate recovery credentials and the supported recovery mechanism. Users should securely store their private keys and recovery phrases. Losing these credentials may result in permanent loss of access to the associated assets.

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<summary><strong>Is Midas planning to introduce more ecosystem utilities?</strong></summary>

Midas's primary focus is blockchain infrastructure, digital assets, and wallet technology. Its objective is to strengthen the fundamental components of cryptocurrency rather than simply expand into unrelated conventional business models.

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