> 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-tokenomics/midas-token.md).

# Midas Token

One Digital Asset, Two Mining Categories, A Unified Token Economy

***

Midas operates with a single digital asset, MID. Within the Midas application, mining accumulation is organized into two categories: **Gold MID (gMID)** and **Silver MID (sMID)**.

These categories are designed to structure mining participation, encourage community growth, and provide different participation mechanisms for users.

Although the application displays gMID and sMID separately, they are not independent cryptocurrencies or separate blockchain tokens. Both represent mining accumulation categories within the Midas application and contribute toward the same MID token through the official migration process.

Upon migration, eligible accumulated balances from both categories will be converted into the on-chain MID token according to the project's published migration and distribution rules.

### Silver MID (sMID)

<figure><img src="https://162473802-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fqi2eDvKpXobadEAPzd5q%2Fuploads%2FdGg58Nh6Dk7Wz6vQWjF5%2Fart-13.jpg?alt=media&amp;token=088bb475-8daf-4a49-a229-cab0d3e75c3f" alt=""><figcaption></figcaption></figure>

#### Open Mining for Every Participant

Silver MID is the open mining category designed to make participation accessible to everyone.

Users can participate in Silver mining without requiring referrals or an active mining invitation. The system provides three mining sessions per day, with each session running for four hours.

**Silver Mining Structure**

* **Accessibility:** Open to all eligible registered users.
* **Referral Requirement:** No active referral required.
* **Daily Sessions:** 3 mining sessions.
* **Session Duration:** 4 hours per session.
* **Daily Mining Duration:** Up to 12 hours.

Silver mining provides an accessible starting point for community members who want to participate independently and accumulate MID through regular mining sessions.

### Gold MID (gMID)

<figure><img src="https://162473802-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fqi2eDvKpXobadEAPzd5q%2Fuploads%2FkohItR8NWM4czASKjyec%2Fart-14.jpg?alt=media&amp;token=d317a79d-138d-4f7e-82cf-0b01a235a2c2" alt=""><figcaption></figcaption></figure>

#### Community-Activated Mining

Gold MID introduces a community participation requirement into the mining mechanism.

To unlock Gold mining, a user must have at least one active miner within their invited community. This requirement encourages genuine participation and makes Gold mining dependent on an active community connection rather than registration alone.

Unlike Silver mining, Gold mining operates through a continuous 24-hour mining session.

**Gold Mining Structure**

* **Accessibility:** Available to users who meet the activation requirement.
* **Referral Requirement:** At least 1 active invited miner.
* **Mining Sessions:** 1 session.
* **Session Duration:** 24 hours.
* **Mining Condition:** At least one invited miner must remain eligible as an active miner according to Midas activity rules.

Gold mining is designed to encourage community participation and reward users who contribute to the growth of the Midas mining network.

### Understanding the Difference

| Feature               | Silver MID (sMID) | Gold MID (gMID)     |
| --------------------- | ----------------- | ------------------- |
| Mining Access         | Open              | Community-activated |
| Active Referral       | Not required      | Minimum 1           |
| Daily Sessions        | 3                 | 1                   |
| Session Duration      | 4 hours           | 24 hours            |
| Daily Duration        | Up to 12 hours    | 24 hours            |
| Token Identity        | MID               | MID                 |
| Migration Destination | MID               | MID                 |

### One Token, Unified Migration

The distinction between Gold and Silver exists exclusively within the Midas application as part of its mining participation and accumulation mechanism.

Neither gMID nor sMID represents a separately issued blockchain asset. They are internal mining categories used to organize the accumulation of MID before migration.

During the official migration process, eligible balances from both categories will be evaluated and converted into the unified MID token according to the applicable migration rules.

After migration, users will hold MID as a single digital asset rather than separate Gold and Silver tokens.

**Gold and Silver define how users participate in mining. MID defines the asset they ultimately accumulate.**