Tag: Project Update

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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:

Details:
https://mutualdao.org/

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

Blockchain Insurance Trends

In May 2021, the crypto world experienced a major upheaval. In addition to the price collapse in the secondary market, the on-chain ecosystem also witnessed frequent security incidents. At least 13 hacker attacks occurred in the DeFi market, which resulted in the loss of $270 million, more than all the assets lost in the DeFi security incidents in 2020. Moreover, these attacks are mostly focused on the BSC. After the turmoil, more and more owners of crypto digital assets are realizing the importance of risk management. Therefore, in some ways, it is also a good development opportunity for decentralized insurance programs. On 5th May, the Nsure Network, a decentralized insurance project, launched a proposal to connect to Polygon Ecology. Users will be able to buy Nsure Network insurance, mine, and stake NSURE on the Polygon Network. Another decentralized InsurAce insurance project in April this year launched on Ethereum, open cross-chain insurance version 1.0 in May, has been based on the Ethereum version for several other projects on the chain with smart insurance contract, in June it officially launched its cross-chain token bridge, and listed on Binance Smart Chain (BSC), started cross-chain insurance version 2.0, where Users can transfer INSUR tokens to BSC via the bridge.

This episode we continue with the introduction of decentralized insurance programs in different country's markets. The Reciprocal Insurance Exchange was first formed in the USA in 1881, and was composed of several members to exchange insurance by agreement. The applicant of the Reciprocal Insurance Exchange is limited to members only, and members provide insurance for each other, that is, each member provides insurance for other members, and each member receives insurance provided by other members at the same time. Each member shall bear the insurance liability in the name of himself within a certain amount, within which the proportion of the insurance liability may be splitted among members. The Reciprocal Insurance Exchange is an unincorporated organization with a non-profit-making purpose. Its members may be companies or partnerships in addition to individuals. The decision-making entities of the Reciprocal Insurance Exchange is the member congress, and the daily operation is managed by an attorney-in-fact entrusted by the members. The insurance scope of Reciprocal Insurance Exchange is more in fire insurance and automobile insurance, and the insurance premium is apportionment after the event, so there is no accumulation of capital, surplus and reserve.

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

__
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:

MutualDAO Market – DeFi Insurance Aggregator

MutualDAO Market combines 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

Blockchain Insurance Trends

Recently, Tidal Finance, the decentralized insurance project in Polkadot ecosystem, is relatively active now. It first announced the cooperation with Polygon, the scalability solution of Ethereum, to provide insurance services for the smart contracts of the Polygon network. Then announced the cooperation with Bifrost, the DeFi basic protocol of Polkadot, Tidal Finance will underwrite the vETH smart contract and provide protection for Bifrost's vToken through the mutual insurance pool model to strengthen the security level of the Bifrost platform. At the same time, the DeFi insurance protocol Cover Protocol announced that its V2 version has some problems after Quantstamp's security audit. The Cover team is currently solving these problems and is expected to officially release Cover V2 on 1st May. Cover V2 will launch two product lines, namely the peer-to-peer insurance market and the Cover crypto market.

Starting from this episode, we will introduce more in following episodes about some decentralized insurance projects appearing in various forms in the market of different countries.

Friendsurance, founded in Berlin, Germany in 2010, is a typical decentralized insurance. The founding team noticed that the pain points of traditional commercial insurance are the high expense and the lack of transparency. Many people have to pay high premiums every year without any return. Therefore, Friendsurance proposed a revolutionary P2P (peer-to-peer) insurance model for the first time to refund those members who did not make a claim at the end of each year. Friendsurance's model is that users purchase the insurance products on the Friendsurance platform, and then invite relatives and friends through social media such as Facebook and Linkedin to form a group of 4-16 people, in order to have the mutual insurance partnership. Of course, users do not need to invite relatives and friends. Friendsurance will automatically divide users into different group by the type of insurance they hold.

The premium that user paid will be divided into two parts, one part is used for the premium of traditional insurance products, and the other part will be used in the refund pool. If a member of the group is in danger, and the claim amount is small, the cost will be directly covered by the refund pool. If the claim amount exceeds the coverage of the refund pool, the insurance company will pay for the extra part. Therefore the model is about small claims are shared by members and large claims are paid by insurance companies. At the end of each year, if no member of the group makes a claim, each member can get a refund of the premium from the refund pool, up to 40%. Othserwise, in the case of a claim, the rewards for each member will be reduced accordingly. Friendsurance's P2P model has two major features. One is to use acquaintances to reduce risk control costs, and the other is to reduce the cost of information interaction through the Internet. Compared with traditional insurance products, Friendsurance's model can reduce costs by up to 50%. While giving consumers actual discounts, it also improves user satisfaction and loyalty level.

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

__
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

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

__
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

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

__
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.

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.

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

__
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

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

__
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

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

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.

MDS Telegram Group

https://t.me/medisharesEN

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 Mutual Assistance Applying and Voting Interface

DAO Asset Management Interface

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

 

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 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

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

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

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

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