MediShares
Crypto Overview
Overview
MediShares was launched in 2017 as a blockchain-based mutual aid marketplace platform. The project aimed to provide decentralized insurance and mutual aid services, with MDS tokens serving as the governance and utility token of the ecosystem.
Purpose and Utility
The intended purpose of MDS was to facilitate peer-to-peer mutual aid programs and decentralized insurance on the blockchain. Users were meant to stake MDS tokens to participate in governance and mutual aid pools.
Current Status
As of 2024, MediShares appears to be largely inactive. The project's official channels show minimal recent activity, and there is little evidence of ongoing development or active use of the platform for its intended mutual aid purposes. The token primarily exists as a traded asset on various cryptocurrency exchanges.
Business Model Analysis
The original business model of providing mutual aid services aligns with Islamic principles of takaful (Islamic insurance). However, the practical implementation and current state of the project show minimal real-world utility.
Token Distribution
The initial token distribution allocated 60% to the crowd sale, 20% to the foundation, 15% to the team and early investors, and 5% for marketing and partnerships. The vesting schedules and current token distribution are not readily verifiable due to limited recent information.
Crypto Impact
To assign a comfort level investing in MediShares 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 MediShares.
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.