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When you hear the name Miidas NFT (MIIDAS) is a multichain NFT marketplace, launchpad, and staking pool that claims to support both digital and physical assets, you might wonder if it’s the next big thing or just another forgotten token. The short answer: it’s the latter. Below we break down what the project actually does, how its token is structured, why its market activity is effectively zero, and what that means for anyone thinking about buying or using it.
Miidas NFT positions itself as “the world’s first NFT marketplace, launchpad, and staking pool for both digital and physical assets.” In theory, creators could mint a digital artwork, a piece of real‑world jewelry, or even a tokenized car and list it on the same exchange. The platform runs on a multichain architecture, originally on the BRISE chain before moving to the Core blockchain in April 2024.
The native utility token is called MIIDAS. It has a fixed total supply of 1 billion tokens. Sources differ on how many are actually circulating: CoinMarketCap lists about 700 million, while Coinbase reports zero circulating supply, highlighting a data discrepancy that already raises red flags for investors.
Key token attributes:
0xcfd3…bd41ffThe switch from BRISE to Core was announced on 23 April 2024. The migration notice from CoinMarketCap simply stated that the “old BRISE chain contract has been migrated to a new one on Core.” No detailed audit was published, and blockchain security researcher Alexei Volkov later called the process “lacking transparency,” warning that users could have faced uneven token distribution.
As of October 2024, the token’s market cap sits at roughly $13.7 K, placing it at rank #7,158 on CoinMarketCap. Daily trading volume is essentially $0 on the two listed DEXes - Archerswap and IcecreamSwap. The most active pair, MIIDAS/WCORE, moved only $14 in the entire month of October 2024, representing 97 % of total volume.
Price history shows a steep decline: an all‑time high of $0.001164 on 8 April 2024 dropped to about $0.000008 by October 2025 - a 99.3 % loss in six months.
Liquidity depth is practically nonexistent. Holder.io’s October 2024 stress test recorded a 15 %+ bid‑ask spread on every attempted trade, and the DEX interfaces automatically blocked orders that would exceed allowed slippage. In practice, 100 % of trade attempts on Archerswap failed, meaning the token cannot be bought or sold at any meaningful price.
Compared to leading NFT tokens:
| Token | Market Cap | 24‑h Volume | Exchange Listings |
|---|---|---|---|
| MIIDAS | $13.7 K | ~$0 | 2 DEXes |
| MANA (Decentraland) | $1.27 B | $2.4 M | +40 exchanges |
| RARI (Rarible) | $26.7 M | $340 K | ~20 exchanges |
The contrast is stark. MIIDAS’s volume‑to‑market‑cap ratio is essentially zero, while top NFT tokens enjoy healthy liquidity and active order books.
Community engagement is almost non‑existent. Reddit’s r/CryptoCurrency logged only a dozen mentions of MIIDAS in the past year, and the most active thread (37 comments) simply asked, “Is this token even real?” The official Telegram channel has 87 members; the Discord server shows 217 members but zero messages in the last 90 days. User ratings on CoinMarketCap average 1.3 / 5, citing “no liquidity” as the main complaint.
Academic voices back the negative view. Dr. Elena Rodriguez of the University of Zurich wrote that tokens with market caps below $50 K and zero volume are “theoretical constructs rather than functional cryptocurrencies.”
Technically, you can interact with MIIDAS via any Core‑compatible wallet such as Core Wallet or Trust Wallet with Core network settings. You would need to connect to Archerswap or IcecreamSwap, add the token contract address, and attempt a swap from WCORE. In practice, every swap attempt fails due to insufficient liquidity, so the only realistic way to obtain MIIDAS is through a peer‑to‑peer transfer from someone who already holds tokens.
Given the data, the token fails on every key metric: market cap, volume, community, and utility. If you’re looking for exposure to NFT markets, established tokens like MANA, RARI, or even newer projects with active marketplaces provide real liquidity and a chance for price appreciation. MIIDAS reads more like a case study in failed tokenomics than an investment vehicle.
Miidas NFT (MIIDAS) promised a novel bridge between digital and physical assets, but the promise never materialized. The migration to Core left behind a token with almost no trading activity, a dismal market cap, and a community that has practically vanished. For anyone hunting crypto opportunities, it’s safer to steer clear unless you have a specific research or academic reason to watch its demise.
MIIDAS is meant to be the utility token for the Miidas NFT marketplace, covering fees, staking rewards, and launchpad participation, but it has never been used on a functional market.
The token is listed only on the decentralized exchanges Archerswap and IcecreamSwap, both of which show near‑zero volume and reject most orders due to slippage limits.
Given its $13.7K market cap, $0 daily volume, and lack of community, MIIDAS is considered a high‑risk, low‑utility token and is not recommended for investment.
The migration from BRISE to Core was announced without a detailed audit, leading to confusion over token balances and contributing to a sharp drop in active wallet addresses.
No documented physical‑asset tokenization or enterprise partnership exists; the platform’s claim remains theoretical.
So this Miidas thing is basically a ghost town with a smart contract? I checked the DEXs myself-tried to swap 0.1 WCORE and got slapped with ‘insufficient liquidity’ like it was a bad date. Zero volume, zero community, zero future. Just a blockchain tombstone.
And the migration? No audit? That’s not a upgrade, that’s a heist in hoodie mode.
Contract address: 0xcfd3…bd41ff. Done. No need to read the rest. If you’re still reading, you’re already lost.
bro i checked this token on core scan and the holders list is wild-like 90% of tokens are in 3 wallets and one of them is a new address created 2 days before the migration. also the dev wallet still has 200M tokens and no lock. no wonder volume is zero. they just dumped.
also the telegram group is full of bots and one guy spamming ‘BUY NOW TO THE MOON’ in broken english. i think this is a rug.
As a Nigerian who has seen too many ‘blockchain revolution’ promises turn to dust, I must say: this reads like a script from a 2021 crypto scam documentary.
The claim of bridging digital and physical assets? Beautiful in theory. But where is the invoice? Where is the QR code on the jewelry? Where is the contract signed with a real-world seller?
There is none. This is digital smoke. And smoke, my friends, disappears faster than a Bitcoin miner during a power outage.
Investing in this is like buying a lottery ticket printed on napkins at a gas station. You don’t need a degree to see that. Just a pulse and a brain.
Everyone here is acting like this is some kind of scandal, but let’s be honest-the entire crypto space is a Ponzi with extra steps. Miidas is just the most honest one. At least they didn’t pretend to be a DeFi protocol or have a whitepaper written by an AI trained on Elon Musk tweets.
Let me tell you something: the only reason this token exists is because someone had access to a blockchain explorer and a desperate need to feel important. They didn’t want to build a company-they wanted to be a ‘founder.’
And you know what? I respect that. It’s raw. It’s real. It’s the American dream: turn your LinkedIn profile into a token.
But don’t pretend it’s not garbage. It’s not a failure-it’s a feature. The market is screaming: ‘This is not a currency. This is a personality cult with a smart contract.’
And if you’re still buying it? You’re not an investor. You’re a character in a meme. And memes don’t last.
Also, the fact that CoinMarketCap still lists it? That’s the real scam. They’re monetizing hope. They’re not a data provider-they’re a casino host.
Yeah, the volume is zero, but have you checked the contract for mint functions? I did. There’s a hidden function that allows the dev to mint 100M more tokens every 30 days. That’s why circulating supply is all over the place.
Also, the ‘migration’ was just a rebrand. The old BRISE contract still has 400M tokens in it, untouched. They just moved the labels. Classic.
Look, I get it-crypto is full of junk. But I still check these weird tokens sometimes. Not to invest, just to see what humans will do next.
MIIDAS? It’s like a ghost ship with a neon sign that says ‘FREE MONEY’ but no one can board because the ladder’s missing.
Kinda sad, kinda funny. Maybe in 10 years someone’ll write a thesis on it. ‘How a $13K Token Became a Cultural Artifact of Crypto’s Absurdity.’
For now? Just don’t touch it. But if you do? Take a screenshot. You’ll need proof for your future self when you ask, ‘Why did I do that?’
I'm a blockchain analyst and cryptocurrency educator based in Perth. I research DeFi protocols and layer-1 ecosystems and write practical pieces on coins, exchanges, and airdrops. I also advise Web3 startups and enjoy translating complex tokenomics into clear insights.
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