So you've seen my previous articles about cloud mining on Pi Network. Now, maybe you're looking for more mobile opportunities to earn free crypto, so here's another one called Midoin.
You can use my referral link to get 5X Tap power initially! This will allow you to gain even more Midoin faster, and with the market cap fast approaching, soon there will be no way to obtain new Midoin! You can download Midoin on the App Store and the Play Store.
Here is their (rather small) FAQ. Here is their about page, they are apparently Greece based. My biggest concern is that I have difficulty finding any information on the Team though, and there does not appear to be a white paper linked anywhere. For this reason, I put it below Pi Network in terms of legitimacy. If anybody knows anything, feel free to add it into the comments!
How to Mine:
In Midoin you have an Active and a Passive earning method. You can either choose to turn on automated tapping, which will grant you you tap multiplier each minute, granting you passive rewards in exchange for watching 1 ad for up to 24 Hours. If you'd rather take an active approach, you can rapidly tap your phone over the space of 1 minute, trying to gain as many taps as possible, for example, if you have 5x taps, it will give you 5 taps per minute automatically with the automated tapping, but you could reach upwards of 200 taps if you choose to do so actively. You will then receive an amount of Midoin equal to the amount of taps compared to the pool of people currently mining, this rewards human actions and creates value through activity.
Your passive earning option does not stack with your taps, and you must switch between the two. Personally, I do not use the active mining, but see the passive mining as an easy additional option to gain some small amounts of crypto to later use.
Will it be worth anything?
Do I think Midoin will be worthwhile in the long run? I'm not really sure. I think that there is significantly less information here than say, Pi Network, but I do believe that many of these small, mineable currencies will potentially have value if they balance their value creation, scarcity, and popular access. I would say that Midoin is slightly more effort than Pi Network is to mine, having a more involved style with much, much slower gains. This means that per coin, Midoin may have a higher value. Of course, that's not always the case, and the team and white paper will be scrutinized and compared as well, plus simple marketing and whether or not it catches on will play a factor as well.
Add to this the fact that Midoin will also be a capped currency, I believe somewhere around 25 million, and you have some potential for it to have, gain, and sustain additional value.
This of course, will depend almost entirely on whether or not the project aims to be listed on exchanges or not.
Will it be worth a LOT? Absolutely not. If you're looking at this as an investment with a large return, that is not what this type, or any type of free, mineable currency will be. Free and High Growth Investment with a Large Return do not go in the same sentence.
Is it Worth it?
If you are fine with a small activity done daily in order to amass a coin which may or may not have value, this may be a good chance for you to get your foot in the door as a free crypto earner, especially if the crypto gets put onto exchanges in the near future. Likewise, it may also be good if it gets accepted to an exchange and gives you some additional money to play with in altcoins and smaller penny cryptos.
I will say that this one is one of the most difficult to mine, as I have not even earned 1 Midoin in the entirety of mining. Keep in mind this does not necessarily equate to value.
Ultimately, there are better investments, but as far as free mining opportunities go, this one certainly has potential, although there is less information available when compared to competitors, such as Pi Network. Because of this, it is not the one I recommend most, but it is absolutely an option.
That being said, I recommend pairing the different passive miners together as a way to diversify, this way you are more likely to get a coin that DOES eventually hold value.
Thanks for taking the time to read my article, I really appreciate it. If you like seeing articles about NFTs, Crypto, and low-barrier entry points into these areas of investing, please check out my blog and consider tipping and/or following. Thanks again!
Wanna see my other Crypto Mining related articles? check back here, I will link to them when they become available:
Check out my Pi Network Article here: Pi Network - Earn Free Cryptocurrency Daily via Mobile Mining!
You can also check out Bee Network here, though I believe Pi Network is more likely to be legitimate.
Want one with established value, albeit very low? Check out Reflex Cloud Mining here!