With stories about people finding an old Bitcoin or Dogecoin stash and becoming instant millionaires, it is tempting to jump on the cryptocurrency train. But for regular people, investing in the more advanced cryptocurrencies is almost impossible. That’s why new currencies such as Pi Network (olenakagui,) Bee Network (olenaroosa,) and TimeStope (olenakagui) are so tempting. Midoin Network (olenakahujova3102) is another popular option in 2021, although many people wonder if it is truly a legit cryptocurrency or just a waste of time. So… is the Midoin Network Legit?
My reference codes:
You need a referral code to join most of these networks. When you use someone’s code, they get a better mining rate. Make sure to chose someone who is always active, like I am, as this will improve your own mining rate:
Bee Network reference code: olenaroosa
Pi Network reference code: olenakagui
Midoin Network reference code: olenakahujova3102
TimeStope witness code: olenakagui
Feel free to comment with your own reference codes in the comment section below. And if you know of any other cryptocurrency networks, please let me know. I’d love to join using your code and write about them in future blog posts!
Is Midoin Network Safe?
Before we talk about the legitimacy of Midoin Network, let’s talk about the level of risk. Investing in any cryptocurrency is a risk because while some may earn you millions, others will inevitably fail. Plus, it can be hard to tell if a crypto network is real or fake, especially with so many popping up and various anonymity levels.
Generally, the rule of thumb is that if you aren’t asked to invest money, it is typically safe. But there are other ways risks to consider. Any app can come with malware that can have various levels of security threats, from stealing your information to sell to ad companies or attempts to steal your identity. When installing the Midoin Network app, I was asked if I wanted to permit it to access other apps’ information to help offer targeted ads. I did not allow this.
As an iPhone user, I feel a bit more secure with installing cryptocurrency apps as Apple is notorious for its safety procedures. In fact, I attempted to download a different cryptocurrency app that is available in the Google Play store, but it had been removed from the App Store. This could mean that there was a detected security risk. However, if you have an Android phone, you can always go into the app’s settings and turn off any strange requests that have nothing to do with mining.
Is Midoin Network Legit?
People always ask if a cryptocurrency network is legit, but that is an open-ended question. The Midoin Network has an app, which makes it ‘legit.’ What no one can guarantee is if it will make you rich or make you any money at all. But that was the same risk with Bitcoin – except, people did invest their own money in Bitcoin.
It is essential to understand that all these new cryptocurrencies are in their beginning stages, so they are letting people join and mine for free. If they reach enough people, they may start charging new people to join the network when it’s worth something. Joining early on for free is a way to get many people to join quickly to get the cryptocurrency off the ground.
What Makes the Midoin Network Different?
With so many new cryptocurrencies out there, it can be interesting to see how they are different. Midion is an effort to give money’s control back to the people. Midicoin claims to be more than just an app. It’s more than just money re-invented. Midoin Network is supposed to be a new kind of living – a peaceful money revolution in the making!
Sounds impressive, doesn’t it? Don’t forget that this is their pitch to get you interested. Here is more for you to understand what all this means:
What’s is the value of midoin?
Midoin’s value is equal to what people believe that it has. These factors mainly determine a crypto’s value:
- How many people are using/accepting it
- How many coins exists
Midoin will be in limited supply, which means that only 26 million Midoins will ever exist. This means that fewer people will be able to mine it, and those who do have a chance of getting rich because of it. Right now, Midon’s mission is to make Midoin known to as many people as possible. This makes it possible to increase the number of things you can exchange for, including goods, services, and other currencies.
Advantages of Midoin – Is Midoin Network Legit
Here is what they say about themselves:
- Inclusive: We want Midoin to be accessible by everyone in the world.
- Easy: You don’t need to be an expert programmer to mine Midoin. It’s on your mobile!
- Blazing-fast: No need to wait for hours or days. You can send Midoins to anyone, anywhere in the world, instantly!
- Eco-friendly: Midoin doesn’t need expensive equipment consuming vast amounts of useless electricity in order to be mined. We care about our planet!
- Privacy: We take your privacy really seriously. We don’t believe in anonymity. People deserve to choose what to share and with whom.
- Security: Keeping your wallet safe is in the heart of the project.
- For everyday People: Midoin is designed, maintained and backed by everyday people, for everyday people. Compared to cryptocurrencies, if something goes wrong, there is always somebody to help you fix the issue.
One of the main ways to increase the value is through the network effect.
Why You Earn by ‘Tapping’
Many people don’t realize that cryptocurrency is more similar to gold mining than modern money. The Midoin app enables you to do essential work in order to “mine” Midoins. Gold isn’t valuable only because it is difficult to mine but also because of it’s other characteristics. Similarly, Midoin’s value will depend on the “network effect,” so the number of Midoins you earn will mostly depend on the number of friends you have invited.
What is the Network Effect?
The network effect is the incremental benefit gained by an existing user for each new user that joins the network. The classic example is the cellphone that is only useful if other people also own a cellphone. If only one person owns a cellphone, the cellphone network’s value is zero because they cannot do anything with the network. If a second person owns it, then the first person can call the second person, and if that’s beneficial to them both, then the network has some value.
If everyone owns a cellphone, then the phone network is precious to all users. So use my Midoin Network reference code: olenakahujova3102, and start mining and growing your network today!
What is Cryptocurrency?
A cryptocurrency is a digital asset and is more similar to gold than it is modern currencies. Plus, cryptoccurencies are literally mined. There is a finite amount and it can
“Cryptocurrencies are digital or virtual currencies that are secured by cryptography. This makes it impossible for them to be counterfeited or double-spent. Many are decentralized networks based on blockchain technology, which is a distributed ledger enforced by a disparate network of computers. They are also not issued by any central authority, making them immune to government manipulation or interference.”Youth Time Magazine
So there are pros and cons of having a lot of money in cryptocurrencies. Until recently, many cryptocurrencies haven’t been that useful because you couldn’t exchange them for money. But this is slowly changing. It is even predicted that you’ll be able to withdraw them from ATMs in the near future! There are already some for Bitcoin, you can find one near you here.
Summary: Is Midion Network Legit
Yes, Midoin Network IS legit, but there is no guarantee that you will get rich doing it. What do you have to lose? A few seconds a day. As long as you make sure that your app settings are secure, there doesn’t seem to be a huge risk downloading and mining the Midoin Network. You can read more about it on Quora, where people share their experiences, opinions, and warnings about Midoin and other crypto networks.
Midoin Network reference code: olenakahujova3102