Project Update | 2020.08.12

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Mutual DAO System (MDS) is the first global mutual aid system based on blockchain & smart contract, which also leverage DAO (Decentralized Autonomous Organization). It combines the traditional mutual insurance model with blockchain and smart contract which provide a low operation cost and guarantee of compensation for risks.

The investment institutions of MDS include well-known blockchain VCs such as Fenbushi Capital, Danhua Capital, Fundamental Labs and etc.

We gratefully thank all the community friends and MDS fans that the project could not go far without your support and trust. MDS project focuses on long-term development, and our community will always follow the principle of fairness and transparency. We biweekly release our project updates in form of the following progress journal:

MDS Branding Upgrade

We decide to upgrade from 'MediShares' to 'Mutual DAO System' to expand the coverage of MDS application scene. We will not only leverage smart contract mutual aid model cover Medical payament, but also expand to DeFi, Open Finance, Crypto Payment, etc.

MDS symbol name will remain the same.

The usage of MDS will also expand to insurance pool, AMM reward on uniswap and balancer, and governance of Mutual DAO.

MDS DeFi Insurance Contract

We launched DeFi Mutual Insurance Contract MDS01 Pool
https://m.medishares.net/product/view/id/2

Any DeFi user can buy MDS from Uniswap, then join this pool through Metamask or other Ethereum wallet. The contract will cover below DeFi contracts.

The highest contract risk coverage is 100,000 MDS.

Also we are design DeFi Mutual Insurance Contract DAI02 Pool, which is able to provide fiat-stable insured amount. More detail will come soon. Please stay tuned.

The mutual dao contract EOS version is also in testing:
https://eos.mutualdao.org

MDS on Uniswap

MDS-ETH pair launched on Uniswap:
https://app.uniswap.org/#/swap?outputCurrency=0x66186008c1050627f979d464eabb258860563dbe

You can buy MDS through Uniswap in any wallet, and join MDS01 DeFi Insurance Pool.

MDS Token Info

Total: 2,000,000,000
Total Circulating: 742,999,401

Data Source:
https://coinmarketcap.com/currencies/medishares/
https://www.feixiaohao.com/currencies/medishares/
http://blog.medishares.org/?p=1965
http://explorer.mathwallet.org

Exchanges
Huobi: https://www.huobi.vc/zh-cn/exchange/mds_usdt/
Gate: https://www.gateio.life/trade/MDS_USDT
Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x66186008c1050627f979d464eabb258860563dbe

MDS Telegram Group

https://t.me/medisharesEN

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