Medipedia is a blockchain based healthcare service portal that has been developed to help foreigners seeking useful medical help, guidance, service and delivery. The project aims to build a completely transparent medical care system that provides patients with correct medical information and help at the right time. Since the Medipedia project is based on the blockchain technology, it will have its own dedicated crypto token - called Medipedia Token.

What is Medipedia Token?

Medipedia Token is a smart cryptocurrency that could be purchased during the Medipedia ICO sale (scheduled in August & October 2018). The tokens can be used in a number of applications including the purchase of professional consultation tickets, which is usable for the payment of medical expenses on the Medipedia platform.

MEP token is based on Ethereum’s ERC20 token standard blockchain, and it is tradable on the exchange and transferable to other users. Medipedia reward points (MPR), however, cannot be traded or transferred.

Medipedia users and investors will be given personal wallets which they can use to manage their Medipedia tokens and to transact or trade in the crypto-coins.

Medipedia Token Distribution

About 50% of the total MEP tokens will be put on sale for the investors during the ICO. 20 percent of the remaining tokens would be reserved for future development of the platform. 20% MEP tokens are reserved for the team and the remaining 10% tokens will be distributed among advisors and given to early investors in bonuses. The detailed distribution is as below:

50% - ICO sale

20% - Medipedia Team

20% - Medipedia future development

10% - Investors and advisors

Applications of Medipedia Token

Apart from the above-mentioned applications, Medipedia token will have many other uses. The token will be used as the primary currency for all financial transactions within the Medipedia platform. The reward tokens (MPR) will also be used to track the overall investments and contribution made by a particular medical provider to the growth of the medicare system through this platform. It also loosely indicates the level of commitment and professionalism of the services of a particular health care provider.

MEP token will have applications on the following three platforms:

Personal Token Wallet Exchange Medipedia Platform

Users can pay in MEP tokens for all financial activities, such as advertising, medical service fees and other external medical services, performed within Medipedia platform. MEP can also be transferred and used out of the platform. Since the MEP token follows ERC20 smart contract standard, it can be stored and used in any digital wallet that supports the same standard. The Medipedia token will also be listed on some crypto exchanges including the Codex Exchange for trading purposes.

The Medipedia platform can be used for a range of applications, such as healthcare matching service (to compare and find the best medical care in a location) and medical consultation service (get free medical consultation from professional institutions and doctors to get a complete healthcare). All these services and many others can be paid in MEP tokens.

Benefits of Medipedia Token

Medipedia project is beneficial for medical institutions and patients alike. While patients will get a reliable online healthcare service portal, medical institutions benefit in terms of increased profit and technology developments.

Reward points: In addition to using their MEP tokens to pay for medical counseling, care, treatment and services, tokenholders will also benefit through a separate reward points system. For every transaction you make through your Medipedia wallet, you will receive reward points which can be redeemed into MEP tokens.

The MPR (reward) points once received will be valid for a period of 24 months from the date of acquisition

Other token benefits include ease of payment, reduced cost, reliable information, high-quality medical services and less waiting time for patients, and reduced marketing costs and increased reach and profitability for medical service providers.

The Medipedia referral program gives patients an opportunity to get compensation by referring other patients to the platform. Reward tokens are also paid to medical institutions, doctors and staff based on the patient’s review. These reward points provide a base to compare and choose the best medical service, hospital and staff. The higher the reward points, the better is the service.

Medipedia Token ICO Sale

The ICO sale of MEP tokens will be conducted in two phases - pre ICO and public ICO. The pre ICO sale will be held in August 2018 while the public ICO sale is likely to begin in October month. Investors would be able to purchase the tokens in exchange for Ethereum (ETH) currency. The company is also working on allowing users to buy tokens in BTC (Bitcoin), LTC (LiteCoin) and some other currencies. As mentioned above, only 50% of the total Medipedia tokens will be put on sale. The information of ICO and other future activities will be announced through the various media channels as well as the website of Medipedia.

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