Question 1

What is the current price of MediShares (MDS)?

Accepted Answer

The current price of MediShares (MDS) is LTC 0.00000043, with a 24hr trading volume of 764.6. In the last 24 hours, MediShares has increased by +0.00%.

Question 2

What is MediShares (MDS)?

Accepted Answer

MediShares, designated by the symbol MDS, is an Ethereum-based, open-source marketplace that operates on a mutual aid concept. It is a decentralized platform that employs smart contract technology to facilitate mutual aid schemes. Participants can send a variable amount of MDS to a smart contract to join these schemes. The platform is designed to democratize the insurance industry by making it more accessible and interactive for everyone.

Question 3

Who created MediShares?

Accepted Answer

MediShares was created by an anonymous team of developers, who remain dedicated to maintaining and improving the platform since its inception. The team's main focus is to provide a venue where anyone can become a mutual aid insurer based on the smart contract templates provided by MediShares.

Question 4

How does MediShares work?

Accepted Answer

MediShares functions by employing smart contract technology to facilitate mutual aid schemes. Users send a variable amount of MDS to a smart contract to participate in a scheme. These contracts are public and transparent, making them easily verifiable by anyone. Once the smart contract is funded, it automatically handles the aspects of distribution and claims based on pre-set terms and conditions. This automated system eliminates much of the complexity and operation costs usually associated with traditional insurance.

Question 5

What makes MediShares unique?

Accepted Answer

MediShares is unique due to its decentralized nature and the use of blockchain technology to facilitate mutual aid schemes in a transparent and secure manner. It offers a variety of smart contract templates, allowing users to become a mutual aid insurer and potentially profit from the platform. By using the Ethereum blockchain, MediShares is able to eliminate bureaucracy and streamline the process of claims and payments, making it a unique fusion of finance and technology.

Question 6

How is MediaShares secured?

Accepted Answer

MediaShares operates on the Ethereum blockchain which utilizes the Proof of stake (PoS) consensus protocol, offering a high level of security. Smart contracts are used to handle all transactions, providing transparency, immutability and reducing the risk of fraudulent activities. However, like all digital assets, users are advised to take precautions to secure their holdings, such as using hardware wallets and keeping their private keys confidential.

Question 7

How many MediShares coins are currently in circulation?

Accepted Answer

As of the current update, there are 1.1B MDS coins in circulation out of a total supply of 2.0B.

Question 8

Where can you buy MediShares (MDS)?

Accepted Answer

MediShares (MDS) can be purchased on a range of cryptocurrency exchanges. To find out which ones currently list MDS, you can refer to the cryptocurrency tracking website that lists Huobi.pro, Gate.io where it can be purchased.

Question 9

How can you keep your MediShares safe?

Accepted Answer

Just like all other cryptocurrencies, you can keep your MediShares safe by observing the standard best practices for storing your digital assets. Always use secure and reputable wallets, never share your private keys, and make use of hardware wallets for the best level of security. Be mindful of phishing attempts and always verify the security protocols of exchanges and wallets you use. Remember, the safety of your MediShares depends largely on how you manage and store them.

Convert MDS to LTC

Try our Crypto Pro app