Project Update | 2019.6.14

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:

MDS DAO White Paper Released

On May 31, 2019, the MDS Foundation released the MDS DAO Design White Paper.

The system is designed to address the following three major issues that constrain the mutual aid organization:

  1. Autonomous organization issue of mutual aid community
  2. Community autonomy issues for compensation review
  3. Community incentives

This white paper is the first system design to combine DAO, smart contract and mutual aid organization, and will be the prototype of self-protection organization in the future.

The MDS team is developing the EOS version of the contract and is expected to start testing next month.

For more details of MDS DAO design, please check the Blog of MDS:

MDS and CODEX Reached Strategic Cooperation

CODEX is an EOSIO-based relay chain that features cross-chain transactions, low cost and high performance.

CODEX is in the beta stage currently, here’s the link for interested community friends:

MDS Mutual-aid DAO protocol will be another financial application protocol on CODEX in addition to DEX and will be fully open to DAO organizations.

MDS Lockdrop is Coming Soon

MATH token will be airdropped based on MDS lockdrop, and more information will be released next week, please stay tuned!

How to get MDS/EMDS?


MDS Telegram Group:

Leave a Reply

Your email address will not be published. Required fields are marked *