MIDR aims to maintain its value as close to the Indonesian Rupiah through a meticulous combination of collateralization, smart contract implementation, and strategic liquidity management. Smart contracts, deployed on blockchain networks like Ethereum, play a crucial role in enforcing this peg, overseeing the minting, redemption, and transfer of MIDR. Meanwhile, effective liquidity management further stabilizes MIDR, and minimizing the risk of price fluctuations.

The MIDR team is currently establishing partnerships with both centralized (CEXs) and decentralized exchanges (DEXs) to enable trading with substantial volumes for a broad audience over time. Stay tuned for more details on the exciting developments we will unveil in due course

Utilize blockchain explorers to verify MIDR’s live token supply and token holdings, then compare them to the transparency reports that are released periodically.

In the majority of instances, conversions occur instantly. However, the speed of converting Indonesian Rupiah to MIDR and vice versa is contingent on various factors, encompassing market liquidity, prevailing network congestion, and exchange processing time.