Midas Gold — turn everything into GOLD

2 min readMar 4, 2021

👑 Midas Gold is another DeFi product after Midas Dollar added to the DeFi ecosystem created by Midas Protocol. Midas Gold (MDG) — The Golden Incentive Plan for Midas Economy on Binance Smart Universe has been born, to reward the stakeholders of Midas Economy such as Mi-Vault, Mi-Dex etc.

🧭 In the first phase of Midas Gold, we will focus on developing:

MDG yield farming
Launchpools — stake MDG in order to earn tokens with the projects participating in IDO on Midas Gold
Automated Market Making

More to come on the Midas DEFI Roadmap with high synergy between DEFI products and existing ecosystems.

💡 Unique mechanism MDG

A 4% fee will be given to the Golden DAO Fund when you participate in pool farms (not including MDG).

No dev fund.

Besides that, these will happen when you harvest prizes:

10% extra MDG to be minted and sent to reserve fund to buy back MDO, bCash and to re-incentivise various farm pools.

🧮 Token allocation

Token: MDG
Contract Address: 0xc1edcc306e6faab9da629efca48670be4678779d
Initial Max Supply: 1 million.

🌈 How to earn MDG

This is a fair-launch liquidity yield farming for every stakeholder of Midas Economy. There will be neither presale, nor pre-mine, nor dev fund, nor token distribution for Midas team.

🚜MDG Farming

(*) During the first hour of farming, the MDG-pools multipliers are set to 0x

How to add Value LP: https://docs.midasgold.network/howto/liquidity-vfarm

☝️ MDG Touch

We will announce soon

💞 Triple rewards:

MDG (0.2 per block in the first week. Then reduce 2.5% every week)
MDO (0.01 per block)
bCash (0.01 per block)

In the first 10 days (before block #5671000), 75% rewards will be locked and disbursed 2.5% every day from the 11th day to the 50th day (from block #5671000 to block #6823000).

For rewards distributed after the 10th day, you can claim 100% right after being awarded.