Med-Coin.co Ecosystem

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Providing medical technology startups with growth opportunities through our Incubator System, and creating the new standard in access to early-stage private companies.

We believe in a world where everyone has access to quality healthcare. Blockchain technology and innovative medical startups are the means to achieve this. Our mission is to provide growth to early-stage medical startups that are necessary for the world and to transition our products to a decentralized health care system. Through our team's collective experiences with years in the medical device industry in product development, quality, and manufacturing. We believe we can accelerate the growth process and help provide a new standard of care.

Med-coin.co Ecosystem consists of product features and mechanisms that support each other while creating new benefits for all parties involved in the ecosystem.

• Funding Pool
• Incubator
• Community Involvement Programs
• Community Involvement Rewards
• Staking 
• Launchpad
• Yield Farming
• DAO
• Solution Partners Program
• Med-coin.co Dashboard for a simple user experience to interact with these systems.

• Entrepreneurs, innovators, and project teams
• Token holders and stakers
• Community members
• Treasury and resources
• Blockchain ecosystem products & services

 We will go through all the core product features and mechanisms of the Med-coin.co ecosystem, one by one, and within each section, we will explore how the parties involved in our ecosystem engage and gain mutual advantages through these particular dynamics.

While the elements mentioned in this whitepaper are the base versions of Med-coin.co ecosystem, our DAO will begin from the first days of release, so to go over all the details of user interfaces, workflows, and numerical parameters with our community, to release products which are fully tested, and improved by community feedback loops.

(A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain. Decisions are made via proposals the group votes on during a specified period.)

Thus, community-driven feedback and DAO votings will not only be the mainframe of our incubator system but also the way Med-coin.co ecosystem also goes through its own product development cycles. 

Since the adoption metrics of our ecosystem are key to the outcomes it will produce for all parties involved, we aim to develop only through proven feedback cycles that welcome adoption.

Lastly, the yearly roadmaps of Med-coin.co, will be decided at Q4 through DAO sessions and votings, so each year we can focus on producing extra added benefits and products according to what our community expects, rather than defining our roadmaps in centralized ways. 

Thus, true decentralization, paired with community-driven mechanisms will always be at the core of the Med-coin.co ecosystem features and product development cycles.

Med-coin.co fund's treasury for seed fundings will be held in the Funding pool transparent to all our community. There will be 2 mechanisms to grow this treasury for growing numbers of fundings; token allocation from funded projects and reserve tokens available for the fund pool presented in the tokenomics part. 

At its base, the fund pool will work to fund more projects, and thus provide more rewards from the funded projects for stakers and experts involved in the community involvement programs. As well as having the mechanisms in tact for making sure the fund pool is resourceful, and operations to grow the Med-coin ecosystem is fully supported. 

•  Each project that has been selected for the funding & incubation program through the result of the community DAO votings will receive appropriate seed funds. 
• In exchange, Med-coin.co will have a contract for 3-10% of the tokens from the funded projects. 
  • Selected startups will be incentivized to exclusively accept MEDCoin as the sole cryptocurrency for transactions
• The acceptance threshold here will be recommended as 60% yay votes, so to invest only in projects that most of our community loves. (This parameter will be subject to change through DAO governance as Med-coin.co pool grows.)

• In order to keep funding new projects through Med-coin, 50% of these tokens we generate from fundings, will be allocated to growing the fund pool for more project fundings. 
• 25% of the tokens generated from the incubated projects, will be distributed to our token holders who are staking. This way Med-coin will have a staking methodology that is not inflationary while providing our token holders a way to get tokens from all the projects we incubated as long as they are staking. 
• 15% of the tokens will be allocated to community involvement program rewards, so members who are categorized according to their expertise and experience in various areas to aid the success of projects incubated through Med-coin, can gain rewards for their professional engagement and advisory. 
• 10% of the tokens will be allocated to Med-coin operations so we can sustain and grow the full-time team, have resources for marketing and future developments, and allocate resources to strategies that will grow the adoption of Med-coin ecosystem. 

each project that Med-coin community selects will get a seed funds from this pool, in exchange for MED tokens

• 50% -> will be reallocated to the funding pool
• 25% -> will be distributed among stakers
• 15% -> will be allocated to community involvement rewards of Med-coin incubator
• and 10% -> will be allocated to Med-coin operations.

Through this methodology, the fund pool will have a sustainable & growing model for supporting the increasing benefits of all parties involved (stakers, projects, expert community, and Med-coin growth).

These allocations will be done through an automatic splitter smart contract, on the blockchain, to have this distribution done in a way that is permissionless and fully transparent. 

• As Med-coin funding pool resources grow, we will hold DAO votings to increase allocation for stakers further. These DAO votings will be done for incremental changes, rather than very drastic changes, to not create risks of resource depletion. 

 In this part, we are going to delve into how project selection workflow works so our community as well as entrepreneurs and innovators can visualize the step-by-step system regarding this subject. 

 First and foremost, there will be an application in our website that project founders will need to fill which will ask certain questions such as;

• Project Name
• Project Logo
• Project Category
• Project Description
• Project Website
• Project Team
• Whitepaper (or equivalent)
• Additional Documents & Links
• Pitch Deck 

(as well as information such as these for verification purposes)

• Contact email (needs to be the as the website link)
• Contact name
• Contact phone number

• Our team will not decline any project due to the project being "not good or great" due to their opinions. The sole purpose of this application will be to verify that the founder/founders have submitted the requirements, and can be personally verified that he/she/they is the founder of the certain project. Our Team will however use our expertise in this field to leave feedback and comments for the community to see.

Our team will send the link for project founders to reach the dashboard area, where they can update their custom page on the Med-Coin Project Proposals section. Once they submit the project for public voting, our team will publish the project into the "Upcoming Project Proposals" part with the next available time schedule for DAO votings to take place, and notify the founders with an email.

As Med-Coin we will try to have a schedule on how many ongoing votings can take place at a certain time period, so our community of token holders can have enough time to research each project before casting their votes for the selections.

During the time when the project is waiting for DAO votes, our community will be able to see and research about the projects, and this timeframe will be a good time for projects to introduce themselves and their offerings to our community through our social channels.  

Once their scheduled time arrives for DAO votings, our community will start to see these projects in the "Ongoing Project Proposals" section in our dashboard, and they will be able to start casting their votes.

As mentioned in our whitepaper, projects will need to have a 60% yay (yes) threshold at the end of their DAO voting schedule, and a minimum of 20% of token holder values will need to cast their votes.

(During the vote casting, each $MED token will have a value of 1:1, so rather than a 60% threshold on the amount of people who voted, the threshold will be decided according to 60% of the token value casted.)

These thresholds are designed so only projects that give strong convictions to our community about their future success potential are selected to our seed funding & incubation program.

Once vote casting timeline is over, and the project passes the thresholds, the multiple signers will be allowed to review and agree on an action on the projects before the action is executed. Approval funding, and the funds will be transferred from the funding pool wallet provided by the same email address that initially got verified.

This contract will be a p2p blockchain contracts with seed funding, and Med-Coin incubation program acceptance, in exchange for %3-10 of the project's tokens at token generation event, which will be distributed according to the parameters mentioned in the Mechanics of the Fund Pool part more detailed; among;

• Fund pool reallocation
• (Future) Staking reward mechanisms
• Community involvement rewards
• Med-Coin operations

At the final stage, the Medical Coins incubation team will send the introduction documents to the project teams, and they will help with the onboarding for all necessary tools that will be used during the incubation program. Thus, the process for selected projects to become incubated projects will start at this point.