Medipedia Token Generation Event

Medipedia
3 min readJul 18, 2018

A recent Forbes article highlighted some of the biggest problems that plague modern-day healthcare systems. These include:

  1. Too Much Unnecessary Care
  2. Avoidable Harm to Patients
  3. Lack of Transparency

Medipedia provides a Blockchain powered solution to all these concerns. Medipedia provides an ecosystem for medical service delivery that connects the patients to healthcare organizations through blockchain technology. Medipedia ecosystem will set new benchmarks in healthcare tourism. Some key features that would make the Medipedia Platform the yardstick for medical healthcare systems are:

  • Price Transparency: Receive multiple health care options from verified Health service providers. Select the best that suits.
  • Easy Accessibility: Post Service Matching, Medipedia users can further consult experts for detailed information via a smart contract.
  • High Reliability: P2P Credential Verification, HIPAA compliance
  • Interoperability: The platform brings Medical Service Providers with varied specialties, different categories of patients, medical tourists as well as insurance service providers under one roof. It makes for a robust and transparent healthcare system where services are specially designed keeping in mind the medical record and requirement of the patients/clients at minimal cost.

Being a blockchain company, Medipedia will benefit from the ICO model of investment. Unlike other blockchain companies, Medipedia has made its POC successfully and is now just a few days away from hosting the presale. Subscribers of Medipedia platform services will be able to use specific wallets for storing the MEP token as well as make payments for all economic activities, such as medical service fees, advertising, and external service fees. Let’s delve into details of the Medipedia Token (MEP) Generation Event.

Medipedia Token (MEP) Generation Event

Post the successful release of the Proof of Concept for simple input and output of information, Medipedia is now all set to enter its ICO stage. The Medipedia Blockchain Network is based on the Ethereum 2.0 Blockchain. Lifeline of this blockchain network is the Medipedia Token (MEP). It is based on the ERC 20 standard of the Ethereum 2.0 Blockchain.

The Presale phase will begin in August 2018 followed promptly by the ICO sales in October 2018. Medipedia will use a part of the fund generated from the token sales for design, development, and support of the Medipedia Platform. Some key facts related to token distribution include:

  • Total Tokens to be Distributed: 1,300,000,000 tokens
  • Total Tokens to be Issued: 2,600,000,000 tokens
  • Bonus Scheme: 30% for the institutes and 20% for the individuals in presale

ETH is the standard cryptocurrency for buying Medipedia Token (MEP). Medipedia will facilitate funding through BTC (Bitcoin) and LTC (Litecoin) in near future. The exact exchange rate for different code currencies would be updated shortly on the social media pages (Facebook, Twitter, Telegram, homepage, and slack) of Medipedia. 50% of the total MEP tokens will be for sale during the Presale and ICO phase. Out of this, 20% of the generated funds will be used for platform development, 20% will be allocated for the Medipedia Team and remaining 10% of the proceeds will be allocated to advisors and early investors.

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