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What is Burn-out?
Burn-out is the second level of Lock-in feature that allows you to receive dividends from the platform’s growth. Each time someone is activating Burn-out you receive a portion of it. The demand for Burn-out is backed up by additional utilities, such as regular airdrops.
How does Burn-out work?
Once you purchase Burn-out for 250 Midas, half of it is getting burned, reducing the total amount of Midas coins. 125 Midas is split between everyone, who purchased Burn-out before. Burn-out grants access to extra features that are not available to regular users. The amount of features will increase with further developments. Currently, airdrops will be distributed amongst Burn-out users.
Does Burn-out have a pyramid structure?
In it’s core Burn-out indeed has a pyramid structure. We picked this mechanic to reward investors, who were with us from the start. Netherless, our goal is to make Burn-out the outstanding instrument by it’s own, even without dividends. That way our pyramid structure backed up by the real utility instead of speculations.
How can I purchase Lock-in and Burn-out?
You can purchase the instruments by Bitcoin using our InstantBuy feature. It will generate the address and BTC amount required. Just send it to the address and after one confirmation the feature will be unlocked. It is easier to purchase the whole amount, 600 Midas, right away to activate both features.
What are the benefits of activating Burn-out?
You will receive lifetime payments each day for everyone who activated Burn-out afterwards, the ability to invite new users and earn from their Burn-out directly, regular airdrops from new listed coins.
How rewards are calculated?
Each Burn-out is split between investors and burning address. The ratio is changing according to the inner formula. For each 10 participants the percent of distributing coins is increasing on 5% until it reaches 50% of each Burn-out activation. After this the increasement happens each 50 participants until it reaches 75%. In the end, 75% of each Burn-out will split between investors.
How Burn-out benefits Midas coin?
Burn-out allows to fight with Midas coin emission by adding more utilities and creating the mechanism to substaintionally take Midas coins out from circulation.
Can I withdraw my Lock-in and continue to receive Burn-out rewards?
Yes, you can withdraw 350 Midas coins from Lock-in and will continue receive rewards from Burn-out and referrals, but you will stop getting benefits from using Midas Lock-in, such as free usage of the platform.
How does referral link work?
For each user that registered using your referral link and activated Burn-out you will receive a part from it.
Where does Midas get coins for Burn-out and Lock-in?
Midas.Investments maximises the use of our innovative InstantBuy feature. We use the Bitcoin from each buy of Burn-out to provide buy support on exchanges for Midas coin. Coins bought on exchanges are transferring to the total fund.