MDS - medishares

[Anonymous No.6047825]

>missed ICX
>missed BNTY
>missed BNB
>missed multiple other shitcoin 10x's

Here's the next.

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

Check the below news article, written from a year ago about MDS, explaining who is behind it and what the project aims to achieve in the future. Note that there are some pretty big companies linked to this project:
http://www.scmp.com/business/china-business/article/2047992/internet-firm-zhongtopia-aims-bring-financial-relief-needy

[Anonymous No.6047840]

1/3

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Locked MDS may only be withdrawn by two ways, i.e. deduction by way of mutual aid sharing of the payouts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

[Anonymous No.6048173]

DELET THIS

[Anonymous No.6048472]

2/3

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

Site:
http://www.medishares.org/

WP: http://doc.medishares.org/whitepaper/MediShares.Whitepaper.EN.pdf

CMC: https://coinmarketcap.com/currencies/medishares/

More info:
https://medium.com/@MediShares/a-beginner-guide-to-medishares-902fd86c8904

Exchanges:
>Gate.io
>Houbi
>CEX
>Dew.one