Vinex is a Singapore based crypto exchange which was created by the same board of directors and management as Midas Protocol, a decentralized portfolio and asset management platform. The allows for the trading of a number of coins including Bitcoin, Ethereum, and Tether.
$MAS is utility token for the Midas Ecosystem, is included subscription package in Midas Wallet, and is the base token for Vinex. Vinex claims to have only selected special coins for its platform based on technical innovation & merit. Its states that it will only list cryptocurrencies that it believes will change the world or that exist on blockchains built from scratch.
The Midas Protocol platform funds the Midas Foundation which was set up to provide kickstarter funding for artificial intelligence, robotics and Internet of Things (IOT) projects. Midas stated in its whitepaper that it will donate funds to a range of charitable causes including sustainable farming and poverty alleviation.
Claiming to process 500,000 orders per second, the majority of Vinex’s customer deposits are stored offline in air-gapped cold storage, with the exchange only keeping enough online to facilitate active trading.
Vietnamese co-founder, Phillip Phung, held previous positions as a country consultant at Google and a business analyst at Toyota. As well as Vinex and Midas Protocol, he founded MCashChain, a decentralized social e-payment platform.
The second co-founder, Dr. David Nguyen Vu, previously worked in the plastics industry, holding a position as a senior development engineer at The Dow Chemical Company, and as general manager at Duc Anh Packaging.Read More