> 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/midas-app/midas-wallet.md).

# Midas Wallet

Secure Wallet Ownership, Token Migration, and Access to the Open Blockchain Ecosystem

***

The Midas Wallet is the primary wallet for managing MID tokens throughout the mining migration process and the development of the Midas blockchain ecosystem. It connects the mobile mining application with on-chain asset management, enabling users to manage their wallets, control their private keys, and participate in the network as it progresses through its internal and public phases.

<figure><img src="https://162473802-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fqi2eDvKpXobadEAPzd5q%2Fuploads%2FUaiWkFS0SawylpnwgKvY%2Fart-4.jpg?alt=media&amp;token=7a73fa97-9b79-453e-8119-06bd7e07d7bd" alt=""><figcaption></figcaption></figure>

#### Wallet Ownership and Private Key Management

The Midas Wallet is designed to give users direct control over their wallet credentials and digital assets. Each wallet will have a private key and a corresponding recovery phrase, commonly known as a mnemonic phrase, which can be used to restore wallet access in compatible applications.

Users will be able to access and manage their wallet credentials rather than being permanently dependent on their Midas application account. The private key provides cryptographic authority over the wallet, while the recovery phrase allows the wallet to be restored when supported by the wallet's key-generation and derivation standards.

Users must keep their private keys and recovery phrases confidential. Anyone who obtains these credentials may gain control over the associated assets. Midas will never require users to disclose their recovery phrases to another person or an unofficial service.

The wallet will follow security practices designed to protect sensitive credentials. Users will remain responsible for safely backing up their recovery phrases and protecting access to their wallets.

#### Mining Migration to the Midas Wallet

The mining migration process will connect eligible mining balances with the blockchain-based MID token.

Eligible users will complete the official migration process through the Midas application and Midas Wallet, following the project's published verification, eligibility, and distribution rules. The migration process will determine the amount of MID allocated to each eligible wallet based on the applicable rules.

The Midas Wallet will serve as the primary interface for receiving and managing migrated MID tokens. Users should follow official migration instructions and use only verified Midas services throughout the process.

### Internal Mainnet: P2P Transfers Within the Midas App

<figure><img src="https://162473802-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fqi2eDvKpXobadEAPzd5q%2Fuploads%2Fl86Lxr9ptc1wbAicEjyB%2Fart-5.jpg?alt=media&amp;token=9c672e70-b330-4d0a-a63a-0fe7c0cbb6b2" alt=""><figcaption><p>Internal Mainnet P2P</p></figcaption></figure>

#### Bringing Peer-to-Peer Transactions to the Mining Community

The Internal Mainnet phase will introduce blockchain-based functionality to the Midas application, including peer-to-peer (P2P) transfers between supported users.

During this phase, users will be able to use the Midas Wallet within the application to participate in supported MID transfers and access the initial transaction features made available by the network.

The objective is to establish a functional transaction environment in which users can transfer MID to other participants without requiring them to leave the Midas application. This phase will also support the development and validation of wallet functionality, transaction processing, and network operations before the public network opens.

During the Internal Mainnet phase, the Midas application will serve as the primary interface for accessing the available network features. External wallet access and unrestricted public-network interaction will be introduced according to the Open Mainnet rollout.

### Open Mainnet: External Wallet Access

<figure><img src="https://162473802-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fqi2eDvKpXobadEAPzd5q%2Fuploads%2FgmTKhOVIlUfF5q9szddZ%2Fart-6.jpg?alt=media&amp;token=c300b3ad-411c-4c44-af20-b1855b22ed6c" alt=""><figcaption><p>Open Mainnet P2P</p></figcaption></figure>

#### Expanding Beyond the Midas Application

The Open Mainnet phase will extend access to the Midas blockchain ecosystem beyond the Midas application.

Following the public network launch and the availability of the required wallet integrations, users will be able to access their MID assets through compatible external Ethereum-based wallets, subject to the final network architecture and wallet support.

Users will have two primary ways to manage their assets:

* **Midas Wallet:** Continue managing MID through the Midas application and its integrated wallet.
* **External Wallet:** Import the compatible wallet using its private key or recovery phrase into another wallet that supports the Midas network and its token standards.

Importing a wallet into an external application does not move the assets to a new address. It restores access to the same wallet address using the corresponding credentials. Users must ensure that the external wallet supports the relevant network and token before attempting to access or transact with MID.

The Open Mainnet phase is intended to provide greater flexibility and allow users to manage their assets beyond the Midas application, subject to network compatibility and the project's published rollout requirements.

### A Clear Path to Wallet Independence

Midas follows a phased approach to connect mobile mining with blockchain-based asset ownership.

The Internal Mainnet will introduce P2P transfers within the Midas application, while the Open Mainnet will extend access to compatible external wallets and broader blockchain transactions.

By supporting private key ownership, recovery phrase management, and external wallet compatibility, Midas aims to give users a clear path from application-based mining to direct management of their digital assets.