Month: May 2020

Project Update | 2020.05.18

Post author By mdstoken
Post date May 18, 2020
No Comments on Project Update | 2020.05.18

week9
__
MDS is the first global mutual insurance marketplace on the blockchain. It combines the traditional mutual insurance model with blockchain and smart contract which provide a low operation cost and guarantee of compensation for risks.

We gratefully thank all the community friends and MDS fans that the project could not go far without your support and trust. MediShares 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:

Mutual DAO Protocol

MutualDAO at EOS Mainnet
http://mutualdao.org

MediShares Mutual Aid
http://mutualdao.org/#/projectDetail?id=5

Mutual DAO Whitepaper
http://blog.medishares.org/?p=1839

Open source mutual aid smart contract code:
https://github.com/MediShares/mds-mutual-aid-dao-eos

Guide of create a Mutual DAO contract
http://blog.medishares.org/?p=2156

Mutual Aid DAO System Operation Guide
http://blog.medishares.org/?p=2108

Questions about Mutual DAO
http://blog.medishares.org/?p=2208

Airdrop 10 Million EMDS, Build Mutual Aid on Chain

空投EMDS_en

How to claim free EMDS MutualDAO airdrop
http://blog.medishares.org/?p=2197

MediShares Chain

MediShares Chain testnet is in progress of developemnt, and the source code will be release in repo:
https://github.com/MediShares/medishares-chain-testnet

MDS Token Info

Total: 2,000,000,000
Total Circulating: 742,999,401
Lockdrop: 361,205,413
VPOS Pool: 145,770,231
Actual Circulating: 236,023,757

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
CEX: https://cex.plus/market/mds_usdt
FUBT: https://www.fubt.com/#/TradeCenter/mdsusdt
Newdex: https://newdex.vip/trade/medisharesbp-emds-eos

MDS Telegram Group

https://t.me/medisharesEN

Tags Project Update

Uncategorized

[Code for Change] MediShares Mutual DAO

Post author By mdstoken
Post date May 13, 2020
No Comments on [Code for Change] MediShares Mutual DAO

Inspiration

The worsening of health risk, together with increasing medical cost, makes mutual aid a service in great demand by everybody in the world.
The operating and trust costs of traditional insurance are still relatively high, the capital management has a centralized risk, and it is unable to provide more subdivided mutual aid needs.
Based on the tradition mutual insurance model and combine with blockchain smart contract, we think blockchain based mutual aid can make change in this space.

What it does

It is the global mutual aid smart contract on the blockchain. It combines the traditional mutual insurance model with blockchain and smart contract + DAO which provide a low operation cost and guarantee of compensation for risks.

How I built it

We built the system on EOSIO, and below is the system structure:

DAO workflow:

Detail design can be reviewed in below whitepaper:
http://blog.medishares.org/?p=1839

Challenges I ran into

Blockchain-based mutual aid system is limited by the transaction cost of the public chain.
It also need to effectively reduce the operating cost and provide attractive incentives for members to acquire new users and to be involved in community governance.

Accomplishments that I'm proud of

EOSIO can solve the transaction cost of blockchain-based mutual aid system. It will effectively reduce the operating cost and the smart contract will provide attractive incentives for members to acquire new users and to be involved in community governance.

The smart contract code is open source in the repo below
https://github.com/MediShares/mds-mutual-aid-dao-eos

Any one can leverage the code to create a new mutual aid contract
http://blog.medishares.org/?p=2156

What I learned

Coding EOS Smart Contract
Coding dApp frontend
Design the DAO model for mutual aid governance

What's next for MutualDAO

With the improvement of data on the chain, Oracle could be used in mutual aid review protocol as a data dimension in the future, providing more accurate analysis and improving system efficiency.

The system is also suitable for all non-profit organizations as the token donation model and will be an important direction of the smart contract + DAO model.

We believe that the blockchain will bring more inclusive protection product to the world.

Tags MutualDAO

Uncategorized

Questions about Mutual DAO

Post author By mdstoken
Post date May 13, 2020
No Comments on Questions about Mutual DAO

1 What is DAO?

A Decentralized Autonomous Organization (or DAO) is a new type of organization that attempts to coordinate group activity and utilizes some form of “on-chain” governance. This is achieved through placing a variety of standard organizational functions into smart contracts, such as multiple signatures required for fund distribution, a process for creating, debating, and approving or denying proposals, and a recorded voting system.

2 What is Mutual DAO?

Mutual DAO is a new mutual aid system design based on blockchain & smart contract, which based on DAO (Decentralized Autonomous Organization).

3 Mutual DAO Process Flow

Screen Shot 2019-12-11 at 17.05.27

4 Mutual DAO's Target

Combines the traditional mutual insurance model with blockchain and smart contract, Mutual DAO can provide a low operation cost and guarantee of compensation for risks.

We believe that the blockchain will bring more inclusive protection product to the world.