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/biz/ - Business & Finance

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6050247 No.6050247 [Reply] [Original]

I'm going to spoonfeed you faggots an easy 10x for the last time.

>10 billion Chinese investment fund is behind this (basically the Chinese Y Combinator, see article below)
>insurance smart contracts of the future
>10 million chinese already using it and more are interested in joining
>superior to old insurance system
>completely under the radar right now
>telegram only at 600 members
>trades for .16 cent or so on gate.io and huobi
>not even shilled here on /biz/ and only out for a couple of days

http://www.scmp.com/business/china-business/article/2047992/internet-firm-zhongtopia-aims-bring-financial-relief-needy

>> No.6050521

So this basically BTFO's all the middlemen in the insurance business. Could be nice...

>> No.6050655

>>6050521
Correct

>> No.6050986

with a billion supply idk about this

>> No.6051046

>>6050986
TRON IOTA NEM XLM are all in top 10 and well over a billion supply.

>> No.6051121

>>6050247
thanks anon, got 3eth worth

>> No.6051358

>>6050247
what is the market cap?

>> No.6051375

Thanks. Just bought 100k

>> No.6051451

>>6051358
I've been trying to find out but don't know just yet

>> No.6051579

>>6051451
cmc shows 2b supply @ 0.17

already $350m market cap...

>> No.6051704

>>6051579
Admin guy on telegram says that the circulating supply is 1b... the rest is locked up. So cut that mcap in half roughly.

>> No.6051878

>>6051704

gonna need a screenshot...

>> No.6052135

>>6051878
Too lazy but it's literally in their white paper too:

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

page 31:

* 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

>> No.6052281

>>6052135
only available on gate.io

most underrated exchange, I love it

>> No.6052361

>>6052281
It's on Huobi.pro too. Which is a huge green flag because that's a highly regarded exchange with a lot of volume.

This is no quick money grabbing scam. The fact that Huobi lists it gives me a lot of comfy.

Hoping for a Binance listing... we all know how much Binance loves chink coins.

>> No.6052449

>>6052361
Waiting for my ETH to clear on Huobi. Gonna put some in this and ITC.

>> No.6052494

>>6052361
interesting

coinmarketcap only lists gate.io and doesn't even list any cap

definitely under the radar now

only chinks own this

>> No.6053070

>>6052494
Correct

>> No.6053532

One last bump

>> No.6053795

this looks promising

>> No.6053851

why should this take off anytime soon? marketing?

>> No.6054113

>>6053851
because the marketcap is over 100m despite being on only 2 exchanges

non-chinks have never heard of it

to get 100m+ in cap just from asia means those chinks have been accumulating and are ready for this to pop

>> No.6054158

>>6053851
It's only trading for 3 days and under the radar. I'm not sure if it's going to take off tomorrow... but it's surely a nice time to get in early.

I have a knack for detecting red flags but honestly, I haven't found one yet.

>> No.6054229

>>6053851
i don't know how well this will take off. we've all seen how well Patientory has kicked off kek

>> No.6054310

>>6054229
PTOY has nothing to do with insurance though.

>> No.6054791

I'm in now. Comfy.