> 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/roadmap/phase-1.md).

# Phase 1

Network Foundation

***

#### Establishing the Project Vision, Core Architecture, and Technical Foundation

Phase 1 marks the beginning of Midas Lab, initiated on July 30, 2025. This phase focuses on transforming the initial project concept into a structured development initiative with a defined vision, technical direction, and long-term objectives.

The primary objective is to establish the foundation required to develop Midas as a community-driven cryptocurrency project focused on accessible mobile mining and Ethereum-based Layer-2 infrastructure.

**Key Developments**

* **Project Initiation:** Establishment of the Midas Lab concept, project identity, and development direction.
* **Technical Planning:** Definition of the project's mobile mining model, token distribution approach, and blockchain architecture.
* **Token Economics:** Development of the initial token supply and mining reward structure, including the time-based halving mechanism.
* **Application Foundation:** Planning and development of the core mobile application and account management infrastructure.
* **Security Architecture:** Establishment of account protection, verification, and anti-abuse requirements.

**Phase Objective**

Establish a clear technical and operational foundation for Midas before introducing public mining participation and blockchain functionality.

**Milestone:** Initial project foundation established.