Categories
Uncategorized

Project Update | 2021.3.19

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 DeFi Insurance Contract

Launched:

MDS Mutual Pool 1 – DeFi Mutual Insurance Contract
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 including MakerDAO, Compound, Uniswap, Aave, Curve.fi

Product to launch:

MutualDAO Market – DeFi Insurance Aggregator

MutualDAO Market will combine price, active users, NFT and will support cross-chain (including ETH, Heco, BSC etc).
With more and more DeFi insurance protocol, user do need a insurance aggregator market that can help to choose the best protocol.

MDS Governance

MutualDAO listed on snapshot, all MDS holder and vote the proposals there
Snapshot is a off-chain, gasless, multi-governance community polling dashboard used by many DeFi projects.

https://snapshot.page/#/mutualdao.eth

Screen Shot 2020-11-27 at 18.30.18

Blockchain Insurance Trends

The first quarter of 2021,DeFi insurance market is super active. Tidel Finance, an alternative insurance market in Polkadot, which has just completed a million-dollar private equity financing in early March, announced that it will conduct IDO on Balancer on the 25th of this month. At the same time, Helmet, an insurance project based on Binance Smart Chain (BSC) also announced that it has acquired strategic investment from Binance, and also announced other public chain token pre-sale platform and NFT option products built through option logic. According to the previous DeFi insurance protocol, InsurAce has also announced that it has completed millions of dollars in strategic financing, and InsurAce has launched the Ethereum Rinkeby testnet.

For decentralized insurance, the key to its operation is the risk sharing mechanism. This is not a new concept that emerged from the development of the DeFi wave and the sharing economy. As early as the 1940s, John von Neumann and Oskar Morgenstern published the "Game Theory and Economic Behavior" and it created a modern theory of risk sharing. They used the idea of restructuring risk to make the expected utility value of risk taker's wealth, and successfully created the Expected Utility Theory. Since then, Arrow in 1953 and Debreu in 1959 proposed General balance analysis under uncertain conditions. Karl Borch published the Arrow‘s equilibrium theory in 1962. The general equilibrium model was introduced and promoted to analyze the problem of risk allocation under uncertain conditions, and proposed Borch's theorem on Pareto optimal risk allocation , which was successfully explained that in reality, how the risk-sharing mechanism works has made a great contribution to the theory of optimal insurance. Since then, Hans Buhlmann and other scholars have done continuous research on this concept.

With the continuous development of the social economy, based on the progress made in related theoretical research, a variety of commercial forms of decentralized insurance have gradually emerged in different national markets, thus replacing the popular online mutual assistance in the Chinese market and etc. In the next episode we will review the development of decentralized insurance in global market.

MDS Token Info

Total: 2,000,000,000
Total Circulating: 1,199,999,624

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

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

Categories
Uncategorized

Project Update | 2021.1.22

mutualdao13
__
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 DeFi Insurance Contract

Launched:

MDS Mutual Pool 1 – DeFi Mutual Insurance Contract
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 including MakerDAO, Compound, Uniswap, Aave, Curve.fi

Tech Spec:
MDS 2.0 White Paper –  Mutual DAO
http://blog.medishares.org/?p=1839

Insurances Provide:
Based on the market research result, MutualDAO will focus on below:
MDS Mutual Pool 1 – Smart contract security issue coverage, v2 is in development which will add insurance policy value AMM logic
MDS Mutual Pool 2 – AMM LP token impermanent loss coverage

MutualDAO release DeFi hack event database, which listed the details of 24 security events in DeFi area and will be an important data input for DeFi insurance actuarial
https://www.notion.so/15e714f6743c4c53a753a60532a1db78?v=c998b58b22db44a781d94d23d22d683c

MDS Governance

MutualDAO listed on snapshot, all MDS holder and vote the proposals there
Snapshot is a off-chain, gasless, multi-governance community polling dashboard used by many DeFi projects.

https://snapshot.page/#/mutualdao.eth

Screen Shot 2020-11-27 at 18.30.18

Blockchain Insurance Trends

On 14th December, Hugh Karp the founder of DeFi insurance project Nexus Mutual was targeted and tricked into making transaction on the attacker’s address of Metamask, this resulted in the loss of 370,000 NXM tokens, valued at approximately $8.33 million. On 28th December, Cover Protocol, another star DeFi insurance project, was also exposed to a hacker attack, the hacker used contract bugs to issue more than one trillion tokens and then burned a large number of them. Finally, the attacker sold the tokens in batches through DEX for cash, making a profit of more than 4400 ETH, worth more than 3 million US dollars.

The original intention of DeFi insurance is to provide protection for DeFi project and reduce risk-related loss. However, two popular DeFi insurance projects were frequently attacked by hackers due to their own vulnerabilities, leading to the loss of confidence in DeFi insurance projects, and people even began to question whether DeFi insurance could function as real insurance? This is an issue that all DeFi insurance projects should seriously consider and solve.

At present, more and more DeFi projects with insurance functions or modules are advertised, which has become one of the new direction of DeFi. We believe it is necessary to illustrate the fundamental concepts of insurance so that DeFi players can have a clear understanding of DeFi insurance.

The insurance operates over risk. In traditional insurance theory and practice, risk only refers to the uncertainty of loss. This means that once the risk occurs, it can only be considered as a loss, and there is no chance to gain profit from the risk. In that sense for Nexus Mutual, user could file a claim if the digital assets of the DeFi project it insured were hacked due to a contract bug. The risk of a hacking attack would normally result in the loss of digital assets, rather than the profit for insured person. This is the definition of risk in traditional insurance industry.

In addition, there is another definition of risk, that is, the uncertainty of income. This means the consequences could be losses, gains, or no losses and no gains. For example, the risk of price fluctuation after purchasing BTC, if the price of BTC rise, the buyer will gain profit; if the price drops, the buyer will suffer losses. This type of risk is not included in the business of traditional insurance. In the traditional finance field, financial derivatives such as options are used to hedge the risk of underlying price fluctuations, so this kind of solution is generally categorized under financial derivatives, rather than insurance. The similar example in DeFi is OPYN, which provides risk protection to users through put options to cover the loss from the crypto fluctuation. Strictly speaking, such projects should not be called insurance. In addition, there are market forecast, CDS and other financial models serving the same purpose.

MDS Token Info

Total: 2,000,000,000
Total Circulating: 1,199,999,624

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

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

Categories
Uncategorized

Project Update | 2020.11.27

MDS11
__
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 DeFi Insurance Contract

Launched:

MDS Mutual Pool 1 – DeFi Mutual Insurance Contract
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 including MakerDAO, Compound, Uniswap, Aave, Curve.fi

Tech Spec:
MDS 2.0 White Paper –  Mutual DAO
http://blog.medishares.org/?p=1839

Current Limitions:
1 Etherrum gas fee is too high to support the current design.
2 Although we finished the version on EOS, but seems there are not enough assets and active DeFi project to attract large amount of users.

Solution and plan:
MDS Mutual Pool 2 will be development based on Optimistic Ethereum Layer2.
Optimism Ethereum would likely be one of the earliest options available in mainnet , and has already attracted support from the two leading project such as Synthetix and Uniswap and wallet service provider such as Coinbase Wallet and MathWallet.
Optimistim launched Optimistic Virtual Machine(OVM), a fully functional execution environment that is fully compatible with the Ethereum Virtual Machine (EVM). OVM is a copy embedded in EVM that allows developers to use the same developer tools and smart contract language such as EVM when using Optimistic Rollup.
The core team is working on the Pool 2 development and will launch on Optimistic Ethereum testnet soon.

mds

Insurances Provide:
Based on the market research result, MutualDAO will focus on below:
MDS Mutual Pool 1 – Smart contract security issue coverage
MDS Mutual Pool 2 – AMM LP token impermanent loss coverage

MDS Governance

MutualDAO listed on snapshot, all MDS holder and vote the proposals there
Snapshot is a off-chain, gasless, multi-governance community polling dashboard used by many DeFi projects.

Screen Shot 2020-11-27 at 18.30.18

https://snapshot.page/#/mutualdao.eth

The current in discussion proposal includes if Pool 1 should cover Compound oracle attack on Nov 26.

MDS Token Info

Total: 2,000,000,000
Total Circulating: 1,199,999,624

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

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

Categories
Uncategorized

Project Update | 2020.07.21

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

We have joined the EOS Hackathon 2020 and get listed a one of the best projects in this event

MutualDAO DEMO:
https://youtu.be/oNH7aGDF3L0

EOS Hackathon 2020:
https://devpost.com/software/mutualdao
https://hackathon.eos.io/events/coding-for-change/

[What did you build?]
We built Mutual DAO, which is a mutual aid smart contract on the EOS blockchain. It combines the traditional mutual insurance model with blockchain smart contract. It provides a low operation cost and guarantee of compensation for risks.

[What inspired you to build it?]
The worsening of health risk, together with increasing medical cost, insurance is important than ever.
But the operating and trust costs of traditional insurance are very high, we need a better insurance model for everyone in the world.

Combine the traditional mutual insurance with blockchain technology, we think smart contract based mutual aid can make change in this space.

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

MDS DeFi Protect Contract

We are working on a new Mutual Project for DeFi Protect.
As we all know, there are many DeFi projects in the market and there are higher security risks for the DeFi users. The needs for a De-Insurance seems to be more and more urgent. MDS DeFi Protect Contract will focus on this area leverage our experience in mutual insurance & DAO contracts.
Please stay tuned.

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

Categories
Uncategorized

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

Categories
Uncategorized

Project Update | 2020.03.17

weekly8

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

Mutual DAO EOS mainnet version launched: http://mutualdao.org

MutualDAO Anticancer Mutual Aid Program launched:
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

MutualDAO Anticancer Mutual Aid Program

Please use the EOS account which binding with your KYC data already. You can complete is through Voice.com or MathWallet.org

Anticancer Mutual Aid Participate Rules

Definition
Observation Period
As the commercial insurance did, we set up the observation period to avoid fraud behaviors.
Publicity Period
Each month we collect the mutual aid events, and calculate the mutual aid fee and the share that members need to pay, then putting them on the website. So that the other members could know whom their share is helping. The publicity period usually will be 7 days.

Participate Rules of Anticancer Mutual Aid Program
When joining the Anticancer Mutual Aid Programs, you should
1. Be at the age of 0-60 years old
2. Be physically healthy

Details of Anticancer Mutual Aid program privilege are as follows
1. Since the users taken part in the program, the privilege valid 180 days later.
2. When someone in the program suffer from one of the cancer diseases in the list.

When one of the following situations occurs, the member will quite the program automatically
1. Death
2. Reaching the age of 61
3. The mutual aid fee is fully given
4. The balance of personal account is less than 0

When one of the following situations occurs, the member will not have the privilege
1. Self-mutilation or suicide
2. Crime
3. Taking or injecting drugs
4. War, military action, riots or armed rebellions
5. Nuclear explosion, nuclear radiation or nuclear pollution
6. Infected by HIV
7. Hereditary disease, congenital malformation, deformation or chromosomal abnormalities

Disease Coverage

Malignant Tumor
It refers to a disease in which malignant cells grow and spread uncontrollably, infiltrate and destroy surrounding normal tissues, and can spread to other parts of the body through blood vessels, lymphatic vessels and body cavities. The diagnosis was confirmed by pathological examination, and the clinical diagnosis belongs to the World Health Organization's International Statistical Classification of Diseases and Related Health Problems (ICD-10).

The following diseases are not covered by mutual aid:
(1) Carcinoma in situ
(2) Chronic lymphocytic leukemia equivalent to stage A of the Binet staging plan
(3) Hodgkin's disease equivalent to stage I of Ann Arbor staging plan
(4) Skin cancer (excluding malignant melanoma and metastatic skin cancer)
(5) Prostate cancer with TNM stage T1N0M0 or less
(6) Malignant tumors during HIV infection or AIDS

Guide of create a Mutual DAO contract

1 Download the smart contract code
2 Compile
3 Deploy
4 Submit the Mutual Aid Program

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

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

Categories
Uncategorized

Project Update | 2020.02.17

202002

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

Mutual DAO test version launched: http://mutualdao.org

MediShares lauched test of 2019nCoV Mutual Aid 武汉肺炎互助保障, the mutual aid program is currently deployed on EOS kylin testnet and join through EOS token
http://mutualdao.org/#/projectDetail?id=4

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

We also target to integrate Mutual DAO with EOS Voice.com on the KYC part for mutual aid program.

Benefit of decentralized mutual aid system during large disaster

1 When suffering large disaster, centralized organization may overload in a short of time. And during the time, the resource and financial help cannot be given to the people who really need help. Decentralized mutual aid system does not have this issue and work more efficient during such time.

2 Centralized system is inevitable opacity. Decentralized mutual aid system is more transparent, auditable and equity.

3 Centralized system has single points of failure issue if the operation team is fail to operate. Decentralized mutual aid system will not crash because one or two persons issue, and is more reliable.

Guide of create a Mutual DAO contract

1 Download the smart contract code
2 Compile
3 Deploy
4 Submit the Mutual Aid Program

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

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 – EMDS Swap

EMDS is 1:1 mapping of MDS on the EOS chain.
The reason we create EMDS is because the latest Mutual DAO system is built on EOS. And we need the EMDS token as part of the economic system.
MathWallet Cloud SWAP has supported the MDS-EMDS 2 way swap.

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

Categories
Uncategorized

Project Update | 2020.01.14

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:

Mutual DAO Protocol

Mutual DAO test version launched: http://mutualdao.org

It is based on Kylin testnet with the 'Smart Contract Risk Mutual Aid Program'.
The operation guide at http://blog.medishares.org/?p=2108

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

Mutual DAO contract at EOS Kylin testnet:
https://kylin.bloks.io/account/contractaid1?tab=Tables&account=contractaid1&scope=contractaid1&limit=100

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

We also target to integrate Mutual DAO with EOS Voice.com

Guide of create a Mutual DAO contract

1 Download the smart contract code
2 Compile
3 Deploy
4 Submit the Mutual Aid Program

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

Apply EOSVC Grant Program

https://github.com/MediShares/EOS-VC-Grant

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

MediShares Official Site

We launched a fully new official site, and listed all platform/products based on MDS protocols.

Screen Shot 2019-12-11 at 17.06.02

MDS Telegram Group

https://t.me/medisharesEN

Categories
Uncategorized

Project Update | 2019.12.11

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

Mutual DAO test version launched: http://mutualdao.org

It is based on Kylin testnet with the 'Accident Mutual Aid Program'.
The operation guide at http://blog.medishares.org/?p=2108

Mutual DAO contract at EOS Kylin testnet:
https://kylin.bloks.io/account/daodaodao111?loadContract=true&tab=Tables&account=daodaodao111&scope=daodaodao111&limit=100
https://kylin.eosx.io/account/daodaodao111?mode=contract&sub=interfaces

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

We also target to integrate Mutual DAO with EOS Voice.com

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.

MediShares Chain

MediShares Chain will be developed based on Polkadot Substrate, and will be a parachain in the future of Polkadot eco-system. MediShares Chain is an open-source, scalable blockchain platform specifically designed for the insurance industry and insurance market needs.

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

MediShares Official Site

We launched a fully new official site, and listed all platform/products based on MDS protocols.

Screen Shot 2019-12-11 at 17.06.02

MDS Telegram Group

https://t.me/medisharesEN

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Project Update | 2019.11.15

项目报告

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

MDS DAO product name will be changed to MutualDAO, and the official site: https://mutualdao.com will be launched soon.

Mutual Aid DAO EOS contract deployed to EOS Kylin testnet:
https://kylin.bloks.io/account/daodaodao111?loadContract=true&tab=Tables&account=daodaodao111&scope=daodaodao111&limit=100
https://kylin.eosx.io/account/daodaodao111?mode=contract&sub=interfaces

Contract open source address:
https://github.com/MediShares/mds-mutual-aid-dao-eos

UI/UX improvement and finalize:

Screen Shot 2019-11-15 at 16.05.40

Screen Shot 2019-11-15 at 16.05.50

Screen Shot 2019-11-15 at 16.05.55

The target release date of Mutual Aid DAO is Dec this year and will integrated with Voice.com

Marketing

Global team setup for Indonesia, Korea, Vietnam market. Market research in progress.

MediShares Chain

MediShares Chain will be developed based on Polkadot Substrate, and will be a parachain in the future of Polkadot eco-system. MediShares Chain is an open-source, scalable blockchain platform specifically designed for the insurance industry and insurance market needs.

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 Telegram Group

https://t.me/medisharesEN

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Project Update | 2019.10.11

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 UI Design

Completed the Version II of MDS DAO UI and UX design.

20191011-Artboard

MDS DAO Contract

Mutual Aid DAO EOS contract deployed to EOS Kylin testnet:
https://kylin.bloks.io/account/daodaodao111?loadContract=true&tab=Tables&account=daodaodao111&scope=daodaodao111&limit=100
https://kylin.eosx.io/account/daodaodao111?mode=contract&sub=interfaces

Contract open source address:
https://github.com/MediShares/mds-mutual-aid-dao-eos

The target release date of Mutual Aid DAO is Dec this year and will integrated with Voice.

Marketing

Global team setup for Indonesia, Korea, Vietnam market.

Other

MDS VPOS pool has been launched with MathWallet, more than 20 million MDS has joined the VPOS pool. Details: http://explorer.mathwallet.org

MDS Telegram Group

https://t.me/medisharesEN

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Project Update | 2019.8.30

report0001

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 UI Design

Completed the first version of MDS DAO UI and moving to UX design phase.

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MDS DAO Contract

Complete the Mutual Aid DAO EOS contract.

  • add pay for others API
  • add invitation API

Contract open source address:
https://github.com/MediShares/mds-mutual-aid-dao-eos

MDS Telegram Group

https://t.me/medisharesEN

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Uncategorized

Project Update | 2019.7.26

项目报告5

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 Original Design

DAO Project Info Interface

DAO-detai

DAO Mutual Assistance Applying and Voting Interface

DAO-claims

DAO Asset Management Interface

DAO-mine

The original product is based on Mutual Aid DAO whitepaper:http://blog.medishares.org/?p=1805

MDS DAO Contract Progress

Finished the core logic of EOS DAO mutual assistance contract
Deplyed test environment

MDS Lockdrop Progress

The activity has closed with total locked MDS of 361,205,413.
The final MATH to be airdropped accordingly.

MDS Telegram Group:

https://t.me/medisharesEN

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Project Update | 2019.6.28

mds20190702

 

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 Structure

MDS

 

MDS DAO white paper: http://blog.medishares.org/?p=1839

What is DAO

Distributed autonomous organization (DAO) refers to an organization that can operate autonomously without relying on bureaucratic management. It performs collective decisions and completes specific claims through a protocol of trust.

The development around DAO has been accelerating in recent years, and we can clearly see that DAO has a profound impact on how organizations are managed. DAO has a huge impact on how communities and participants are organized.

Compared with traditional organizations, DAO has the advantages:

  • Decentralized decision  — — DAO has no leader or management, so members can directly and quickly influence an important decision.
  • Community involvement and win-win — — Any level of currency holders can submit proposals and suggestions for improvement.
  • High efficiency and automation — — Most DAO rules and policies are set up at the beginning of the run. Once the rules are established, the DAO’s operation no longer needs to be managed.
  • Transparent — — Everything happening in the organization is recorded on the blockchain and viewed by everyone.

MDS DAO Contract Committee Guide

MDS DAO Contract Committee will be responsible for MDS contract update and maintenance:

  1. Community members will be voted to enter the contract committee;
  2. Anyone can contribute to the project (no KYC required);
  3. The voting rights are proportional to the KEY obtained by participating in the mutual assistance contract;
  4. MDS Foundation will set up an incentive plan to keep the contract committee running;
  5. External members can enter the contract committee through guarantees;
  6. Ensure that outsiders need KYC or known by initial contract committee team members;
  7. Guarantee for someone means that you are responsible to them;
  8. The guarantee records will be saved;

MDS DAO Contract Development Progress

Completed the core logic of the EOS DAO Mutual Assistance Contract.
Adjusted the optimization of delegation and undelegation between KEY and SKEY.
Adjusted the length of the voting time that can be configured when the contract is created.

MDS Lockdrop Progress

Total locked MDS : 8,575,731

Lock Time:2019/6/20 0:00–2019/7/5 23:59:59 GMT+8

For more about the MDS Lockdrop Program, please view:
http://blog.medishares.org/?p=1878

MDS Telegram Group:

https://t.me/medisharesEN

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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.
http://blog.medishares.org/?p=1839

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:
http://blog.medishares.org

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:
https://www.codex.network

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:

https://t.me/medisharesEN

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Project Update | 2019.5.17

MediShares 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 MediShares 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:

Community Activities

  • CandyWheel added IRIS and ONG candy

The Progress of Development

MediShares Contract Products

1. Mutual Funding Project bonus allocation function in development
2. Smart Contract of credit assurance products
3. EOS mutual protect products in developing
4. Oracle Trusted Data Source System in developing
5. RiskExchange indeveloping

BPs

EOSForce BP:
– Maintainance
EOS.MediShares:
– Maintainance
TRON Mainnet BP
– FullNode maintainance
IRIS BP
– Maintainance
COSMOS BP
– Maintainance
ENU BP
– Maintainance
ChainX Test
-Participated ChianX testing

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Project Update | 2019.4.26

MediShares 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 MediShares 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:

Community Activities

  • CandyWheel Activity

The Progress of Development

MediShares Contract Products

1. Mutual Funding Project bonus allocation function in development
2. Smart Contract of credit assurance products
3. EOS mutual protect products in developing
4. Oracle Trusted Data Source System in developing
5. RiskExchange indeveloping

BPs

EOSForce BP:
– Maintainance
EOS.MediShares:
– Maintainance
TRON Mainnet BP
– FullNode maintainance
IRIS BP
– Maintainance
COSMOS BP
– Deployed COSMOS BP and registered the validator
ENU BP
– Maintainance

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Uncategorized

Project Update | 2019.3.29

MediShares 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 MediShares 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:

Community Activities

  • CandyWheel activity

Cooperation

Math Wallet Launched MDS-EMDS Exchange Tool

EMDS is the token for Mutual Aid Inclusive Financial Blockchain DApps that powered by MediShares Foundation. It is the 1:1 cross-chain mapping of MDS on EOS. Vistit MediShares.org or open Math Wallet to exchange MDS-EMDS/EMDS-MDS. MDS has been listed in Huobi. EMDS has been listed in Newdex.

EMDS Launched on Newdex

Newdex listed EMDS/EOS on March 25th at 4:00 AM (UTC). EMDS is the token of MediShares Foundation’s Mutual Aid Inclusive Financial Blockchain DApps.

  • How to get MDS/EMDS?

The Progress of Development

MediShares Contract Products

1. 【MDS CITY】new version in developing
2. Smart Contract of credit assurance products
3. EOS mutual protect products in developing
4. Oracle Trusted Data Source System in developing
5.  RiskExchange indeveloping

BPs

EOSForce BP:
– Maintainance
EOS.MediShares:
– BP and mongodb maintainance
TRON Mainnet BP
– FullNode maintainance
IRIS BP
– Maintainance;
ENU BP
– Maintainance

Android & iOS

  1. Applied ScanProtocol protocol and supported cross-wallet transfer via scanning code
  2. Supported scanning to transfer cross the wallets within EOS wallet
  3. Supported jumping to details from Token search list

UI Design

  1. UI of EOS private key reset (via MultiSig)
  2. UI design of EOSForce vote changing

Telegram: https://t.me/medisharesEN
Twitter: https://twitter.com/MediShares

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Project Update | 2019.3.15

MediShares 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 MediShares 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:

Community Activities

  • CandyWheel activity

The Progress of Development

MediShares Contract Products

1. MDS–EMDS cross chain system in developing
2. 【MDS CITY】new version in developing
3. Smart Contract of credit assurance products
3. EOS mutual protect products in developing
4. Oracle Trusted Data Source System in developing
5. Upated RiskExchange

BPs

EOSForce BP:
– Updated to v1.5.1 and authorized MultiSig permission
EOS.MediShares:
– Maintainance
TRON Mainnet BP
– FullNode maintainance
IRIS BP
– Maintainance;
ENU BP
– Maintainance

Android & iOS

1. Supported purchasing invitation code via PayPal
2. Optimized token exchange entry
3. Developed MultiSig DApp
4. Supported changing EOS account permission weights and thresholds

UI Design

1. EOS MultiSig UI design
2. UI design of EOS account permission weights and thresholds changing
3. Optimized token exchange entry

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Uncategorized

Project Update | 2019.3.1

MediShares 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 MediShares 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:

Community Activities

Launched CandyWheel

Users could come to Math CandyWheel to play a luck draw everyday. Share to friend to get an extra lucky draw chance (up to twice a day). The candy award will be updated, so new surprises everyday!

Open Math Wallet – click 【DApp】 – on top right corner, search【CandyWheel】

The Progress of Development

MediShares Contract Products

1. Developed email notification feature of【MDS CITY】
– Optimize the approval process of issuing, buying, and sending stable currency
– Added sensitive word filtering function
2. Smart Contract of credit assurance products
3. EOS mutual protect products in developing
4. Oracle Trusted Data Source System in developing
5. Upated RiskExchange

BPs

EOSForce BP:
– Node maintenance
-Math Wallet elected as the third secretary general of the EOS Force community secretariat

EOS.MediShares:
– Updated to mainnet-1.6.2 version

TRON Mainnet BP
– Updated FullNode to version 3.5

IRIS testnet BP
– Math Wallet participated in irisnet launch as a founding BP

Android & iOS

1. Added new node setting entry
2. Optimized DApp search logic
3. Supports creating BOS, ENU and Telos account for free

UI Design

Added blockchain display in DApp searching page