The Midas Exchange is a cryptocurrency exchange for Micoins. It functions similarly to a stock exchange. It is a platform that allows people to buy and sell our digital currency the MiCoin. The Midas Exchange will operate on mobile apps or via desktop, functioning similarly to e-brokerages.

The Midas Exchange acts as an intermediary in transactions, making it possible for users to swap different fiat currencies (like U.S. dollars), for MiCoins and vice versa by matching up buyers with sellers.

The Midas Exchange acts as a buyer of Micoins on a daily basis for merchants in the Midas Metaverse that wish to cash out daily takings for fiat currency.

There are two main types of cryptocurrency exchanges: centralized and decentralized. Centralized crypto exchanges are overseen by a third party that’s responsible for monitoring the platform and ensuring transactions run smoothly.

Decentralized crypto exchanges (DEX), on the other hand, don’t have a central figure overseeing transactions on the platform. Instead, the platform relies on blockchain technology or distributed ledgers, and transactions are done through peer-to-peer trading.

The Midas Exchange operates as a DEX.