MedCredits (MEDX)ICO MedCredits is platform connecting patients and doctors on a decentralized network. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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Technical details
MedCredits (MEDX) is an ERC20 token used for both payment and physician verification on the network. On a protocol level, nodes on the network will verify physician licensing and board certification to ensure that only the highest quality physicians have access to the platform. In turn, these nodes will be rewarded in MEDX. MEDX will also be the backend payment from patient to physician in exchange for medical services. The total supply of MEDX is 100,000,000 tokens. This will be a locked supply whereby no additional tokens can be generated. Additional information on MEDX is outlined in the “Token Sale” section.
What is MedCredits
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:
DetailsPre-sale token supply: 35,000,000 MEDXToken supply: 100,000,000 MEDX Hard cap: 35,000,000 USD LegalBlockchain Platform: EthereumCountry limitations: United States Registration country: United States Registration year: 2017 Office address: 13730 S Point BlvdCharlotte NC 28273-7715 | Token infoTicker: MEDXType: 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 |
MedCredits Roadmap
Inception of MedX
White Paper Released
Alpha Release of OpenCare (formerly Hippocrates)
Private Alpha of MedX
Physician Registry
OpenCare launch on Ethereum mainnet
Public Beta of MedX
Physician Registry
MedX Physician Registry on Ethereum Mainnet