Remember the chaos that unfolded during the NFT boom of summer 2021? Traders like me have resorted to tracking and imitating high profile NFT wallet transactions on platforms like Nansen. It was a goldmine…until it wasn’t. The market quickly became a cacophony of countless transactions, making it difficult to identify the most promising opportunities.
Frustration was mounting and the available tools offered no respite: Discord or Telegram bots were super noisy and required intensive manual work to discover new wallets. It was then, in the eye of the storm, that CoinStats Midas was born.
Welcome to Midas, the ultimate NFT alert system designed for investors who demand more than just a nerdy bot!
Midas is a smart, user-friendly tool that harnesses the power of Big Data to send you meaningful alerts – crucial signals in the booming NFT market.
Unveiling the Power of Numbers: Statistical Support Behind Midas
At the heart of Midas is the power of data and statistical significance. A single wallet making a purchase may not carry much weight. Even two wallets interacting with the same NFT could be a coincidence. But three or more wallets engaging with the same NFT are statistically significant.
This statistical threshold is what defines significance within the Midas system. Building on this principle, Midas ensures you receive alerts based on meaningful data, separating noise from truly impactful events in the NFT market.
In its initial release, Midas successfully solved the problem of navigating a sea of transactions and eliminating noise. But there was another hurdle to overcome: the process of manually discovering promising wallets. And so we integrated Midas with the best NFT collection holders like punk holders and other alpha bands.
The Midas journey from concept to execution
After months of rigorous testing, improvements and bug fixes, Midas has begun to show its true potential.
One of the main revelations was that even famous wallets were susceptible to unprofitable trades. Armed with this idea, Midas entered its next critical phase of development: we began to refine its ability to filter noise.
We have designed a method to calculate the profit and loss (PnL) of portfolios, effectively filtering out those that are not profitable. However, the task of identifying wallets for which PnL could be accurately determined posed yet another challenge.
Blur’s Airdrop event in February allowed us to identify active wallets in the market. From a pool of 100,000 participants, we refined our database into a curated list of around 2,000 profitable portfolios.
Midas users now have access to a system that meticulously monitors these portfolios, delivering alerts in an easy-to-understand format.
An alert might read, “5 notable wallets bought 15 items at an average price of 0.05 ETH in the last 5 minutes.”
Isn’t that refreshing in the midst of typical corny bot alerts?
Make informed decisions with Midas
Midas transforms the entire experience in the NFT market, providing traders with only relevant alerts to make quick and informed decisions.
One of its most notable features is the PnL checker, which performs automatic checks every three months to ensure tracked portfolios remain profitable. And the best part? It’s as easy as flipping a toggle.
Just like that, you get mint and aftermarket alerts right out of the box. Say goodbye to searching for new wallets to track manually and spend some quality time with loved ones, hobbies and more while staying on top of promising NFT collections.
How to evaluate Midas?
- Open the CoinStats app
- Go to the Alerts page
- Click on the Midas tab
- Enable Toggle NFT Smart Alerts
On the other hand, you can receive notifications on your Discord/Telegram by activating Midas desktop alerts.
What’s next for Midas?
We are just getting started. Midas has already integrated with popular platforms such as Discord and Telegram, and we plan to improve its customization options for our tech-savvy users. We’re even exploring the possibilities of applying the same logic to tokens.
Why limit ourselves to NFTs when we can extend Midas’ reach to the broader crypto landscape?
Midas is more than just a smart alert system, it’s a revolutionary tool that makes NFT trading more accessible, profitable and user-friendly. It turns the noise of the NFT market into music for your ears.
We invite you to join the Midas revolution, get the golden touch, and experience the future of crypto trading today.
