I want to shill you guys on a coin that I have not seen shilled here or on Reddit. It seems completely under the radar so far. I've spent a lot of time studying the whitepaper, website and their telegram and I compiled a list of details to spoonfeed you faggots on some easy x5-10 gains. This thing has been trading for only 3 days so far.
TL;DR: >Mutual Aid and the Future of Insurance - MDS/MediShares >Ethereum based, decentralized open-sourse mutual aid and insurance marketplace, the world's first ever. >Anyone can join for the mutual aid scheme / Anyone can be a mutual aid insurer (and profit from it as an insurer)
Insurance products of the future will rely on mutual aid "smart contracts" Reduces operational costs of the insurance, to close to zero
How it works: >User can join a mutual aid scheme through sending the required amount of MDS to a smart contract. >When the contract creator creates the mutual aid smart contract, they need to define the parameters. >Locked MDS may only be withdrawn by two ways, i.e. deduction by way of mutual aid sharing of the payouts and user's voluntary request for exit from the mutual aid contract. >The contract creator will be required to pay 1% of the MDS as a platform fee. >10% of the fee will be burned by the Platform, while 90% will be held by the Platform as reserve capital. >If the balance of MDS in locked pool is less than the updated equally shared sum, the user will be disqualified from the mutual aid scheme. >To avoid such situations, the user would be required to send further recharged MDS to a smart contract, where it's locked, to maintain the membership for the mutual aid scheme >Participation module supports two different forms, namely, individual and organisations >Users who find Fraudulent activity can report it and gain rewards, this helps to leverage the power of risk assessment and reduce conspired fraud
Example: >A Chinese man gets cancer >The Chinese man was smart enough to buy into the MDS smart contract >The mutual aid contract pays his aid >Loads of MDS is locked in the aid contract and more aid contracts require more MDS, some MDs also get burned >Also works for every other type of mutual insurance contract >Basically BTFOs the centralized Insurance system where too much money flows into the middlemen
2/3
Henry Richardson
Token Distribution: >MediShares project has a total number of 2 billion MDS (ERC20 token) >50% will be offered for sale by the Foundation. >5% will be allocated for the Management Board reserve fund, to apply as Operations and Maintenance fund for the Management Board of the Foundation >25% will be allocated for the community development reserve fund, to apply as reward to partners contributing to community construction >20% will be allocated for the reserve fund for the founding and development team, it will only be unlocked one year after the public sale, and the total amount will be unlocked over four years
Very interesting, looks like there is official chink support for this for years already, how did this project go so under the radar tho? Insurance on smart contracts seems like a big deal
Adrian Stewart
>China Science & Merchants Investment This is a +10 billion dollar private investment fund
If that really works like its stated in the WP this is going to be a game changer in the insurance industry. Like it blows the whole old insurance system out of the water. Anyone knows if gateio is a good exchange? I think I might pick some up
>Finally, CSC (China Science & Merchants Investment Management Group) aims to aggressively grow its international operation to offer more opportunities for its portfolio companies and better returns for its investors.
LITERALLY THE CHINESE Y COMBINATOR
Caleb Morris
wow mate, looks very promising
Samuel Evans
so AGGRESSIVE marketing confirmed? How high can this go at the current mcap?
Levi Morris
I haven't use gate.io , but Huobi is all good
Ryder Harris
I look into it m8, seems like a gem at the current price and I can‘t find reasons so far why it wouldn‘t go up. It has everything other 5$+ coins have, just a matter of time I guess, hope I manage to get in in time
Nathaniel Phillips
Got mine on Huobi.pro since I registered there to buy ITC. Would recommend... I think it has the most volume to.
Joseph Richardson
Big if true
David Hill
Any price estimations for this? Looks like a long term hold, but what are your thoughts on EOM, EOQ, EOY?
Ayden Nelson
Read a bit through the site and saw pic related >literally cheaper Lambo insurance is possible through smart contracts lmao now there is really no reason not to buy a supercar at some point
Nathan Gonzalez
All of Veeky Forums need this once we make it.
Jaxson Johnson
>coin with working product >has huge support in china
No reason it couldn‘t go to similar prices like other chinese shitcoins, like look at walton it had no working product and mooned anyway, this here has it all and is at what, like 15 cent? Thid can go easily x10 what I wonder is how nobody seems to be aware of this Can‘t member to have seen threads about it here before and biz is usually really fast with this
Colton Ramirez
Just checked their telegram >they already have 10 million user woah alright guys this really looks too good to be true right?
Kevin Baker
Nice just bought 100k
Jace James
>Can‘t member to have seen threads about it here before and biz is usually really fast with this I can recall seeing about 5 threads about medical coins in the past week or so, I think this has been mentioned before
James Brown
Just bought in, when I speculate about MDS' future I see nothing but dollar bills
Evan Scott
im gonna buy on huobi, ETH just cleared. Thanks OP
Mason Cook
Is this EC20 btw?
Camden Rogers
yes it is an ERC20 token
Andrew Martin
>Smart contracts
That was a hint user
Jayden Moore
also looking closer it seems that something like MDS would heavily profit from using decentralized oracles to get off chain data into the system Finance and Insurance are the ones to profit the most from Smart contracts. are there any direct competitors for MDS or they have a first mover advantage as well? can't remember seeing a project so far that goes for insurance type of stuff.
Ian Gray
Bump
Charles Edwards
This user gets it.
David Bell
i couldnt find it on huobi.pro but whats the point of verification? higher limits?
Jeremiah Watson
I’m a physician. Haven’t heard of this. I love the idea though love it. Fuck the centralized insurance companies. Not totally sure how this would work tho but the idea of it is great. No real chance it would work. In the US but it possibly could. Might be a new paradigm. Hmmmmm
Carson Wood
Shit. US healthcare expenditure is 300 billion. Interestingly that is not that crazy right l, like that is bitcoin marketcap. Very very interesting.
James Lee
Not with the Drumpf administration
Jayden Lopez
But it works better than the current insurance system, its in every way superior. Its transparent, there is no initiative for fraud.
Josiah Morgan
Amy indication on market cap? CMC doesn't know
Benjamin Garcia
Always initiative for fraud.
Austin Robinson
Any other Healthcare related crypto that should be on everyone radar?
Hunter Roberts
2 billion x .16?
Colton Rivera
Are you wondering about the high supply or what?
Julian Anderson
LINK LINK LINK
Ayden Hughes
>full operation in Q4 2018
not sure if i want to have funds wrapped up for the long term
Adam Jones
Fair point. I'm taking the gamble though.
Ryder Hughes
How is this different from ptoy? It's low marketcap so it could be great but only if it's better than ptoy
Eli Miller
Redpill me in ptoy
Leo Harris
Storing medical info on the blockchain. John McAfee shilled it. It also JUSTed me in Q3 2017 because they forgot to submit something. They're incompetent
Jose Bennett
Yes but its harder to pull off and everyone is looking out for fraud in the aid pool, if you see fraudulent activities and report them then you get rewarded. a very fucking good system. also don‘t forget the percentage of the locked tokens.
Why long term? How you came to the idea that crypto needs a working product to moon, how many shitcoins don‘t have 10 million customers and a working product and still mooned?
Bentley Cook
>decentralized oracles ARE YOU TALKING ABOUT WHAT I THINK YOU'RE TALKING ABOUT?
Justin Hughes
Wow it doesn't sound very hard to be better than ptoy then.
Benjamin Bailey
Yes, exactly
Xavier Davis
Ptoy has nothing to do with insurance
Benjamin Watson
Haven't been able to find out as of yet. Will contact the team on Telegram about this.
Nathan Flores
I am on board, bought mine finally. Not many sellers on Huobi
