MediShares is likely the first blockchain based insurance company, and it presents a unique use case for blockchain technology in the medical field. Both providers and those who would use these services can participate in the ecosystem, and upon subscribing to a 'Mutual Aid' plan, users will be able to access the care of a multitude of collaborating medical facilities and care providers, and these providers will earn tokens for their efforts.
MDS is backed by China Science and Merchants investment group, who manages over 10 billion dollars worth of capital. Through a token burning and sharing scheme, this company plans to raise the value of their token and to become an attractive option to care providers, those who are seeking protection, and investors alike. Please read on for a full MediShares investment analysis.
Investors can buy MediShares on only a handful of exchanges. However, the volume for this asset is still adequate to execute a trade. Surprisingly, the US Dollar Tether is the highest volume trading pair here. If you would prefer to utilize a more traditional cryptocurrency asset instead though, then Bitcoin and Ethereum will also be usable here.
MDS is an Ethereum based asset, and that means that investors will need a wallet that is compatible with ERC20 tokens in order to store their tokens safely. There are a ton of great wallets for this, and as long as you choose a reputable one, you'll be okay. Look out for scam wallets looking to steal your coins though. Try out My Ether Wallet or Meta Mask if you need a recommendation. No matter what wallet you use, be sure to always back up your wallet file or your wallet seed for safe keeping in the event of hardware failure.