ICO_Review - Medicalchain
Coin name: Medicalchain
Site: https://medicalchain.com/en/
What is Medicalchain?
Medicalchain uses blockchain technology to securely store health records and maintain a single version of the truth. The different organisations such as doctors, hospitals, laboratories, pharmacists and health insurers can request permission to access a patient’s record to serve their purpose and record transactions on the distributed ledger.
Medicalchain provides solutions to today’s health record problems. The platform is built to securely store and share electronic health records. By digitizing health records and empowering users we can leverage countless industry synergies!
ICO details:
ICO will be on 1st of February, it will follow KYC applications which will begin from 10 UTC. All those successful in KYC will be Whitelisted to progress onto ICO.
Total supply : 500 000 000
Circulating supply ( available in ICO ): 225 000 000
ICO price: $0.25
Min-max purchase in ICO: $10 - $5000 in ETH
They'll announce exchange after an ICO!
My opinion:
As a project, this has good potential. I think we all need something like this but problem is that this can't get impleneted all over the world. They can be in countries like USA, UK, Germany, France, Australia...maybe few more ( mostly European countries ). Maybe this is rude that I will say but for the project it is more than enough. We all know that it is impossible to make something for whole world. We have countries where is even you tube or big media forbidden.
This offers a lot of advantages, you can contact your doctor and simply solve the problem ( of course if problem is not huge ) Doctor will give you some advices and you will be better. So, as a project I will give at least 4.5/5.
Team is not bad. It has blockchain experts, it has also few doctors so team is not bad. I saw that they have application for new team members so it means that they want to grow team. It means that current team is not good enough for their needs. It could be bad and good for this project. So for team I will give 4/5
Hardcap is $24 million and it is in perfect area for me. As I said perfect market cap is between $15 and $25 million. So, from that view, this project has nice potential to make sold gain. So I will give 5/5.
Overall, trhis project chas potential, it should be tested and it will decide everything. This could make us 50-100x or 3-4x. The fact that their telegram channel has almost 45k members, it means that demand will always be enough to hold price above ICO price so I think if you decide to invest, you will be in profit. The question is how much? As I said, it can be 3-4x or 50-100x. The hact that max purchase will be $5000 gives us chance to buy this ICO easier.
To sum up, I am going to try to invest. I am going to hold for few months, I will give it a try to get tested. I will update you about the strategy once it hit the exchanges. For example if it opens 10x higher then ICO price, I am going to sell 10% and my investment will be back and then it will be easier to hold for upcoming months.
Please vote below to see you opinion about this ICO