Medibit STO
Medibit STO
Token: MDB


Connecting Patients with Healthcare Practitioners

ICO dates
Start date: 2019-01-14
End date:

Registrated in: UK

Platform: Ethereum
Type: SecuritySTO

PREMIUM ICO

Medibit STO categories
Health
Medibit STO whitepaper
Medibit STO token sale
KYC passing required No | Whitelist No | Restriction for countries None
Soft cap 1,500,000 GBP
Hard cap 2,500,000 GBP
Tokens for sale 60,000,000
Token distribution in ICO
60%
60%
Price 1 MDB = 0.25 USD
Minimal investment 500 MBTC
Acceppting ETH, Fiat
Medibit STO news, social
Medibit STO search trends in Google
Random whitepaper excerpts

WHITE PAPER v 1.6 (working draft)
A
white paper
is an authoritative report or guide that informs readers
concisely about a complex issue and presents the issuing body's philosophy
on the matter. It is meant to help readers understand an issue, solve a
problem, or make a decision.
The
purpose of a white paper
is to advocate that a certain position is
the best way to go or that a certain solution is best for a particular
problem. It aims to influence the decision-making processes of current and
prospective contributors.
“Creative destruction threatens power. This is why disruptive innovations require new models of
thinking to truly enable new technology to reach its potential in a competitive market.”
~Tim Wu, The Master Switch
1
1
Tim Wu, The Master Switch: The Rise and Fall of Information Empires (2010, Atlantic Books) Chapter One
THIS IS A WORKING DRAFT, HENCE SUBJECT TO CHANGE
Page 2 of 80
...

DISCLAIMER
6
ABSTRACT
8
WORD FROM FOUNDERS
12
THE FOUNDERS
14
1.INTRODUCTION
17
1.1. MEDIBIT STO Project
18
1.2. Problem
18
How easily 2nd expert medical opinion is accessible
18
What are the consequences of not able to seek 2nd expert’s opinion
18
1.3. Medibit’s Solution: a decentralised trust & quality platform that connects patients & consultants in niche use
case
19
HOW IT WORKS
20
1.3.1. Quality Control Measures
20
The Consultant’s Trust rating
20
Patient’s ‘Trust’ rating
21
Claims, reviews and conflict management
22
Claims
22
Reviews
23
Conflict management
23
1.4. The Technology
23
1.5. MEDIBIT Platform
24
1.3. The Medibit Token
25
2.BUSINESS CASE
26
2.1. Why invest?
27
2.2. The Project- Medibit
27
Vision
27 <...

3.9. Who are the competitors?
35
3.10. How flexible is the model?
35
4. MARKET ANALYSIS
36
4.1. The problem: Misdiagnosis or undiagnosed medical conditions
37
4.2. What drives this market?
38
Changing consumer attitudes are driving and reshaping the market readiness to address the problem 38
4.3. Is the market ready for the project?
38
WHAT DOES ABOVE FINDINGS MEAN FOR THE PROJECT?
40
4.6. Global mobile/digital Healthcare market
40
Projected CAGR for the global digital health market in the period 2015-2020
41
Trends
41
Risks
42
5. PAPER PROTOTYPE AT THE TIME OF WRITING, OUR DEVELOPERS ARE WORKING ON ALPHA
VERSION
43
5.1. Preliminaries for infrastructure development
44
BLOCKCHAIN NETWORK
44
Cryptographic Keys
44
Membership Authentication and Verification
45
Pool of Unprocessed Requests
45
SYSTEM DESIGN
45
5.2. Decentra...

7.3. Phase 3: STO Crowd Sales
59
7.4. MDB Token Distribution
61
8. FUNDS DISTRIBUTION
62
8.1. Phase 1: Development
63
8.2. Phase 2: Marketing
63
8.3. Phase 3: Scaling
64
9. PROJECT COST
65
10. PRODUCTS & REVENUE STREAMS
67
10.1. Medibit Tokens (MDB)
68
10.2. MEDIBIT-Decentralised Application (DApp)
68
10.3. MEDIBIT-Intelligence
69
10.4. MEDIBIT Exchange & Bank
69
11. USE CASE
70
12. LEGAL FRAME WORK
72
13. PROJECT ROADMAP
75
18. FINAL THOUGHTS
78
Traditional investors don’t like to invest in STO projects
79
So how do We, the Medibitcoin STO Project Team, make investors feel more secure?
79
THIS IS A WORKING DRAFT, HENCE SUBJECT TO CHANGE
Page 5 of 80
...

DISCLAIMER
This White Paper is strictly for the purpose of presenting our project to the contributors. This
document aims to exhibit the functionality and operability of Medibitcoin STO Project. Any part
thereof, and any copy thereof must not be taken or transfer to any country where distribution or
dissemination of a Security Token Sale (STO) similar the one explained in this White Paper is
forbidden or restricted. MEDIBIT Tokens (MDB) are created with the purpose of utility and do not
have a performance outside the Medibit Platform. This White Paper is not aimed to constitute a
description or offer any advise/suggestion/recommendations for investment. As is the case with any
project/STO projects, risks and uncertainties are associated with MEDIBITCOIN Network LLC
business, projects and operations, MEDIBIT Tokens, MEDIBIT Token Sale (Pre-STO and STO,
both), Medibit-Decentralised applications (Medibit-DApp). This White Paper does not compose or
form part of any suggestion or any advice to sell, or any sol...

MEDIBIT Platform is an Ethereum-based blockchain platform regulated by smart contracts and
made up of 4 essential components. The platform supports the global mobile healthcare
2
(m-
healthcare) community by building and creating solutions devoted to improving the quality of self-
managed
3
healthcare across the globe. The blockchain technology, fundamentally a distributed
database, gives the platform the power to address the challenges faced by the mobile healthcare
industry.
MEDIBIT plays a foundry role in evolving the way people will manage their health in near future.
MEDIBIT Token (MDB) an ERC20 Token, will be the first cryptocurrency that uses a decentralised
healthcare consultation platform. It transparently rewards patients and mobile healthcare
practitioners who make contributions benefiting the community.
The project team strongly believes in building a digital marketplace that will fall into the hands of
the people allowing them to self-manage their health as nee...

First and foremost, this project is very close to our hearts.
Out of many reasons, being able to save millions of lives globally, by
connecting patients seeking 2nd opinion and consultative
healthcare is the most important one.
Second, this project is not just a-profit-making venture, rather
being a Socially Responsible Corporation, embracing the fact how it will
affect people, planet and profits (profit-sharing), is equally important for us.
Third, the Global Mobile Healthcare market sector we are entering into,
with blockchain technology, is yet untapped. Although there are many
applications (apps) successfully operating under the category
of ‘health and fitness’ and ‘primary healthcare’, the challenges such a data
security breaches, and fraudulent activities carried out under stolen identity
to name only few, this project wouldn’t have been possible before.
Thanks to the disruptive Blockchain Technology, our project is possible
today. With the right amount of funding ...

Glad you are reading our here. I am the
founder of this project. Working on this
exciting & revolutionary project, I started at
the conception, development and design
stage. At present I am responsible for
business networking, creating awareness
and why is it really needed, sales and team
building, and taking care of legal issues.
My educational background in this
disruptive blockchain technology plus self-
taught programming, leverages my effort in
this domain. But what would interest
investors more is how we are going to fund
and complete the project.
I am a people’s person hence hunting and
managing the talent is what I do best. Similar to any project, we have learned the hard way that
contractors can’t be beneficial to the project as much as home-grown team, who is literally
dedicated fully to the project. This calls for self-management, self-motivation along with managing
and motivating the team. Due to the infancy of this market, there are day...

Medibit STO Roadmap

1
Q4 2017
Company founded;
White paper in working;
Website design and development in working;
Pre-selection of social responsibility initiatives.
2
Q1 2018
Networking initiated;
Two independent audits of smart contracts completed;
Real-world Ethereum based cryptocurrency- MEDI developed;
Social responsibility strategy devised;
Intellectual property registration;
Pre-ICO sales/ early birds rewards .
3
Q2 2018
ICO sales;
Network development continues;
MEDI DApp in development phase;
MEDI community involvement in platform development where MEDI token holders will have
their say on upcoming business developments.
4
Q3 2018
ICO sales continue;
Network development continues;
MEDI DApp in development phase.
5
Q4 2018
Community grows;
Sustaining the leadership in blockchain mobile healthcare sector.
Kashif Rizvi
Kashif Rizvi
Founder
Founder. Working on an exciting and revolutionary project that involves the application of blockchain technology and cryptocurrencies whilst creating fully integrated platforms utilising cutting edge
KASHIF RIZVI
KASHIF RIZVI
PROJECT OWNER, CODER, NETWORKING & BUSINESS DEVELOPMENT
Afsheen Jafry
Afsheen Jafry
Co-Founder. Managing ICO execution, development, launch, & promotion project. Working with upcoming patent technology, tracking progress with collaborative partners, performing deck preparation for co
AFSHEEN JAFRY
AFSHEEN JAFRY
PROJECT OWNER/MANAGER, COORDINATOR, MARKETING & PR