Medicle
Crypto Overview
Purpose and Utility
Medicle (MDI) is a cryptocurrency project that aims to revolutionize healthcare data management through blockchain technology. The token is designed to facilitate secure sharing of medical records and incentivize participation in clinical research.
Business Model Analysis
The project's business model focuses on creating a decentralized healthcare data ecosystem where patients can control their medical data and receive compensation for sharing it with researchers and healthcare providers. This model aligns with halal principles as it involves legitimate value exchange and transparency.
Development and Adoption
The project is still in its early stages, with limited real-world adoption. The development team maintains an active GitHub repository, showing ongoing technical progress. While current usage is primarily speculative trading on decentralized exchanges, this doesn't affect its halal status as real token ownership is transferred in these transactions.
Token Distribution
The token distribution shows 30% allocated to the development team and early investors, with vesting periods of 24 months. The remaining 70% is distributed between the ecosystem fund, liquidity mining, and public sale participants. This distribution structure appears reasonable and includes appropriate vesting mechanisms to prevent dump scenarios.
Technology and Revenue Model
The platform does not involve interest-bearing mechanisms or forbidden activities. The revenue model is based on facilitating legitimate data exchange and network participation rewards.
Crypto Impact
To assign a comfort level investing in Medicle from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Medicle.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.