
MedCredits (MEDX)
MedCredits is platform connecting patients and doctors on a decentralized network.
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ICO
MedCredits is platform connecting patients and doctors on a decentralized network.
ICO
Telemedicine and eHealth are poised for tremendous growth over the next decade.The ubiquity of smartphones now allows people to communicate both in writing and photographically with anyone in the world instantaneously. Telemedicine is beginning to find its place in medical fields heavily dependent on observational exam findings. Dermatology is one such field, whereby the diagnosis can often be confidently ascertained with photographs and a brief description. Despite the progress of telemedicine, it still faces many challenges associated with centralization, such as international payment, middlemen fees, patient anonymity, liability and regulation. For the first time in history, digital currencies with smart contract functionality have been integrated with peer-to-peer (P2P) networks to create decentralized platforms. To date, we do not know of a medical application that uses a decentralized platform for health services. We believe that dermatology is the most readily accessible medical specialty to establish ourselves in blockchain-based telemedicine. Once established in teledermatology, we will strategically add medical specialties to build a thriving platform for patients and doctors.
This will serve as the foundation of a decentralized global electronic health record system. The final product will be both a global electronic health records system and marketplace giving patients instantaneous access to medical care anywhere in the world—that is, a truly free global healthcare market.
MEDX is a cryptoeconomic token used to power the TCR of physicians. The protocol token is used to incentivize nodes to verify physician credentials. The basic incentive game involves three parties:
Note that the physician registry is decentrally maintained and is not limited by the efforts of the MedCredits team nor is the MedCredits team legally liable for any actions of the physicians in the registry.
Data generated on the MedCredits app must be stored in a way that gives patients ultimate control of the data. MedCredits uses Swarm for data storage. Swarm is a distributed storage platform and content distribution service that uses the native base layer service of the Ethereum web 3 stack.
When storing healthcare data on the Swarm network there are multiple considerations:
Pre-sale token supply: 35,000,000 MEDX
Token supply: 100,000,000 MEDX
Hard cap: 35,000,000 USD
Blockchain Platform: Ethereum
Country limitations: United States
Registration country: United States
Registration year: 2017
Ticker: MEDX
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 MEDX = 0.5 USD
Accepted currencies: ETH
Bonus program:
During token sale
First 5000000 MEDX – 0.5$
Next 10000000 MEDX – 0.6$
Next 10000000 MEDX – 0.7$
Next 10000000 MEDX – 0.8$
Token distribution:
70% – Token sale
20% – MedCredits team
10% – Marketing funds
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