 Show Posts
|
|
Pages: [1] 2 »
|
|
Over 3,000 spots claimed in the first 48 hours!
|
|
|
|
Mentioning our Airdrop or Bounty in Telegram will get you disqualified.
|
|
|
|
Hello
How much is your soft and hard cap?
How long will the campaign last?
How much is one token?
Where can I find the whitepapper? I did not find it on the site.
Hi, the whitepaper will be released on Monday For the mean, you can join our telegram channel to be updated ^ you did not answer any other questions Hi ui_zakherchenko, US Securities regulations don't directly permit a 'soft' and 'hard' cap in the same manner that ICO's traditionally done them. However, with our Regulation D 506(c) offering we anticipate a maximum subscription amount of $20mm USD. The Utility Token campaign will last until approximately August 15th. It is not related to our ICO or Security Token. One Utility Token is tied to a flat fiat price of $0.001 USD. This value is not tied to our Security Token. The white paper is now available on our website. This part of the Original Post describes the nature of the Utility Tokens; █ Important notice regarding MedChain Utility Tokens: █ The following discussion does not purport to be a complete description of the MedChain Utility Token and is subject to change, without notice, by MedChain and your acceptance of such tokens shall be deemed to be an acceptance and acknowledgement of all risks and uncertainty related to and inherent in the token and the platform on which it resides. MedChain Utility Tokens will be issued on the MedChain blockchain. MedChain Utility Tokens are NOT a security token issued or issuable by MedChain and can never be exchanged for such security tokens. MedChain Utility Tokens are for platform use and stress-testing only and will not be transferable outside of MedChain’s platform. MedChain intends to 'account lock' its Utility Tokens until such time that they can be redeemed through actual ‘MainNet’ testing. MedChain Utility Tokens are a Platform-as-a-Service, and Software-as-a-Service product and are bound to a flat fiat value. MedChain Utility Tokens are not being distributed through an ‘ICO,’ Token Sale, or any other offering. MedChain is not distributing the MedChain Utility Token to any recipient that intends to hold such tokens for the purpose of the tokens gaining value through speculation, trading, or through the efforts of the company or others. MedChain is not and will never pursue 'exchange listing' for its Utility Token, even in the event that a security token of MedChain’s is listed. Once the MedChain protocol and MainNet are considered live, the MedChain Utility Tokens will be used by holders to bug test and stress test the network in accordance with MedChain guidelines. At such time, holders of MedChain Utility Tokens will be compensated for their protocol testing. This bounty notice does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This notice contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this notice are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this notice, whether as a result of new information, future events or otherwise. |
|
|
|
hi guys, it will be a lot easier if you can upload whitepaper in this thread or somewhere else for information. I think you should consider that. Because I didnt found anything named whitepaper on your thread or your website.
Here's the white paper link, there should be a link at the top of the webpage as well. http://medchain.us/doc/Medchain%20Whitepaper%20v1.0.pdf |
|
|
|
To that point though, we were nearing a little conundrum... Section 12(g) of the Securities Exchange Act of 1934. While the JOBS Act did address the threshold for security registration we currently estimate as many as 400-450 of our investors of the ~500 are unaccredited. If we extended, and reached our Reg D goal it's feasible that we would have 500 unaccredited investors in addition to total assets in excess of $10 million. This would prevent us from using an exemption from registration, instead requiring us to register our security. This would be a massive financial burden on the company. More information here: https://www.sec.gov/info/smallbus/secg/jobs-act-section-12g-small-business-compliance-guide.htmAwesome post. Thanks for taking the time to write it. I assume you mean "reached our Reg CF goal" not "reached our Reg D goal". That is an ugly reality, which is why I assume you are going Reg D 506 next for accredited only. Then you will take your <500 unaccredited + X accredited and file for an A+? I assume that the non-accredited investors gained in the A+ do NOT work against the 500 limit? I was thinking more in terms of fully subscribing a $15m offering after having accrued 500 unaccredited investors. Regulation A+ unaccredited investors would also count toward the limit, but at that point we will be better poised to deal with the potential cost... Or we could limit investments from unaccredited investors so our total continues to stay below 500. Total investors before registration would be required is a combined 2000. |
|
|
|
So you aren't going with CoinList for your RegD? I've heard they are a tough nut to crack regarding platform... very selective regarding which coins they will list.
My understanding is that StartEngine will allow crypto for Reg D and the A+, so why move platforms? Is it to access a "different" list/set of investors? If so, I guess that makes sense.
Regarding ending the CF, I guess I'm not sure why you would unless:
1. The SEC frowns upon having two different types of offerings happen at the same time for the same entity
or
2. You are looking to free up the 6% holdback for chargebacks, which in your case is only around $30k...
Just seems like leaving the door open might yield some additional investment... but looking at your progress, it seems that the bulk of the funds were raised in the first 30 days...
Whoops, didn't mean to strike the Reg D talks. StartEngine does allow for crypto in Reg D and A+. 1. The SEC does allow concurrent offerings, though concurrent offerings with different terms could be a potential headache. To that point though, we were nearing a little conundrum... Section 12(g) of the Securities Exchange Act of 1934. While the JOBS Act did address the threshold for security registration we currently estimate as many as 400-450 of our investors of the ~500 are unaccredited. If we extended, and reached our Reg D goal it's feasible that we would have 500 unaccredited investors in addition to total assets in excess of $10 million. This would prevent us from using an exemption from registration, instead requiring us to register our security. This would be a massive financial burden on the company. More information here: https://www.sec.gov/info/smallbus/secg/jobs-act-section-12g-small-business-compliance-guide.htm |
|
|
|
Happy to hear you decided to invest! I've heard good and bad from people about the KYC process, including annoyance at having to constantly reconfirm investment.
We've also -finally- received an 'official' update on crypto investments... April 20th... *groan* StartEngine has offered to cover the cost of us amending our offering to extend, and I believe we will take advantage of that offer to allow non-accredited cryptocurrency investors a chance to get in at this most advantageous stage.
Edit: If an investment hasn't cleared prior to a close the money will get disbursed to the 3rd party escrow account, then to us after the clearing period.
Just a quick followup. The investment cleared. All in, it took around 8 days from credit card authorization to confirmation from Start Engine regarding the funding clearance. They really didn't do much in the way of KYC, basic name, address, stated income, etc. How did you do from a crypto payments perspective over the last 7 days? Any takers? Rick, thanks for the info... Not sure if the KYC changes depending on level of investment on a Regulation CF, but presumably StartEngine just does the minimum necessary checks. From a crypto payments/investment perspective we still aren't accepting them. StartEngine did a joint press-release with their Escrow partner PrimeTrust on the day it was 'supposed' to be ready for our offering. See: https://www.businesswire.com/news/home/20180420005069/en/StartEngine-PrimeTrust-Announce-Reg-CF-Crypto-EscrowI sent out a poll to our StartEngine investors and followers that indicates over-all support for another extension. Not sure if 'No' answers are aware it won't speed up the creation of our Network and any distribution to end the offering now.  So chances are another amend to extend is on StartEngines dime. We're in talks with CoinList.io about our Regulation D 506(c) Heard from StartEngine that the functionality is still potentially over a month away. Very disappointing. |
|
|
|
April 17-19 We’re sponsoring the TOKENOMx crypto-conference in Chiang Mai, Thailand which represents our first footsteps into the East Asia market, we’re excited about potential partnerships and relationships this will generate for us. For tickets and information visit: https://tokenomx.com/Great! xenchain.io co-founders Steve Rao (CEO) and Vincent Wong (CTO) are there now, attending TokenoMX in ChiangMai, Thailand. Awesome, tell them to stop by and say 'Hi' to Eric Lafleche our Chief Marketing Officer, he just landed in Thailand!!(really, 5 minutes ago) |
|
|
|
I did not find the team. This is an important circumstance. I hope we get the information.
You can find our team information at: https://medchain.usOr on the offering page itself: https://startengine.com/medchainits an awesome,good for this and hope will grow more for this project.
Thank you! |
|
|
|
Ah. Good to know, sounds like you’ve got a very proactive team. I invested; though I wonder if the funds will clear prior to your anticipated close... looks like the funds take 10 days to clear SE’s automated clearinghouse and you might be closing in <5 days.
What happens if the timing is not aligned? Also it took <3 min to invest... pretty quick. I was also a bit surprised that the subscription docs weren’t sent by start engine or even linked to the payment page... maybe a bit TOO streamlined?
How long will you keep the offering open? Until you hit the $1m+?
Happy to hear you decided to invest! I've heard good and bad from people about the KYC process, including annoyance at having to constantly reconfirm investment. We've also -finally- received an 'official' update on crypto investments... April 20th... *groan* StartEngine has offered to cover the cost of us amending our offering to extend, and I believe we will take advantage of that offer to allow non-accredited cryptocurrency investors a chance to get in at this most advantageous stage. Edit: If an investment hasn't cleared prior to a close the money will get disbursed to the 3rd party escrow account, then to us after the clearing period. An interesting idea. Tell me when the work will be completed?  I have been working closely with our CTO over the last weeks, we have deployed an internal blockchain and private IPFS, we will be hosting a workshop at Colorado University of Boulder showcasing some of this work this coming weekend. In the next 1-1.5 months we should be ready to launch a minimum viable product demo as we transition into our Regulation D 506(c) offering for accredited investors only. We are hopeful that our platform will be launch ready in late Q4 2018 early Q1 2019. any plans for bounties
Due to the potentially regulated nature of our token, at this time it's difficult for us to provide bounties in the traditional sense; it would have to be in the form of a work compensation agreement and have significant out-of-pocket legal costs for us. As this funding round comes to a close we'll be better poised to approach the subject. |
|
|
|
Be careful not to double post (create two posts in a row). Some MODS get pissed when they see it and will ding your profile.
So, what docs does someone get if they invest? Whitepaper? Subscription agreement? Offering circular? Deck?
Or do they just watch an explainer video and swipe their card? Why can't you take crypto instead of fiat? When will this change?
Can you still run Facebook ads? I heard they banned all crypto related adverts, same as twitter and google.
No trouble yet, hopefully none will come about! StartEngine is acting as the Electronic/Stock Transfer Agent on our behalf. But due to the nature of a Regulation CF offering I can't discuss the 'terms' of the offering, which may broadly include what someone 'gets' when investing. We do have a Pitch Deck available, and our Form C filed with the SEC includes the subscription agreement. Surprisingly few people have watched the video; but that might have to do with StartEngines layout. The reason we can't accept cryptocurrency is entirely because StartEngine has so far refused to make it available for Regulation CF offerings despite offering it for Regulation D 506(c) and Regulation A+ offerings. If I had to make a guess as to their reason it has to do with the wording in the JOBS Act requiring a specific kind of 3rd party escrow account for the offering. At this time I'm not entirely sure when it will become available, if at all, which is extremely frustrating for us. We've been able to run Facebook ads after contacting Facebook and supplying them with our Form C offering documentation filed with the SEC. (Proving we're a real company, with a regulated offering) |
|
|
|
We’re pleased to announce that Steve Wishstar has joined the MedChain team as Chief Technical Officer.Steve is an experienced CTO and hands-on Sr. Software Engineer with extensive experience working on projects for NASA Ames, Lockheed Martin and Raytheon. He has a demonstrated history of producing maintainable code, developing automated test driven architectures, and solidifying full-stack integrity; with roles leading teams up to 15 engineers and software/website designers we’re confident he will be an exceptionally valuable addition to the team. He also brings additional patent experience to help protect our IP as development gets more focused. Upcoming events: April 14-15 We’re sponsoring the CU Blockchain Summit at University of Colorado Boulder and hosting a blockchain workshop for students starting to familiarize themselves with this innovative technology. For additional information visit: https://summit.cublockchain.org/April 17-19 We’re sponsoring the TOKENOMx crypto-conference in Chiang Mai, Thailand which represents our first footsteps into the East Asia market, we’re excited about potential partnerships and relationships this will generate for us. For tickets and information visit: https://tokenomx.com/April 19-20 We’re sponsoring the Global Blockchain Summit in Denver Colorado, be sure to get your tickets for the event while they last and come say hi to the MedChain team! For tickets and information visit: https://globalblockchainsummit.com |
|
|
|
Hm. Interesting that you would have gone CF before the Reg D 504 from family & friends. So, if this wasn't the ICO, then StartEngine didn't charge you $25k, their fee is only $5k. I would think that the KYC / AML checks that they are doing on the investors alone is worth the rake. Are you also doing the 5% advertising reinvestment through their captive ad company? Seems like you are getting some great interest of FB, which is typically a pretty fickle crowd. Props to you for getting back to them on all the questions, I think that is half the battle.
Regarding office space... it's interesting that RIOT Blockchain is in Castle Rock too... such a small town for two notable Blockchain entrants.
The CF has to be profitable for you. Figure $28k in rake, another $30k in ads, $5k legal and maybe $5k accounting and you are still up $332k.
Are you getting most of your investors stateside or international?
Watching you with great interest, and hopeful for your success! (I awarded your first ever merit point on BitcoinTalk!)
StartEngine is getting 6-8% of the raise for KYC/AML, that means they are already receiving 30k+. Not using their ad company, we started using them before they marketed any such thing. I'm trying to be very engaging on Social Media but it gets hard with the limits on 'term' language. Legal is already way (way) above that, but those numbers will all be part of our disclosures. 99% stateside investors so far. Thanks so much for your interest and the merit! |
|
|
|
Surprised that this hidden gem is going under the radar, good stuff here.
Probably because we're not paying a team of people to run around screaming our name.  In rough numbers, how much have you raised thus far? How has start engine been? Worth the $25k + rake? Have you had any questions about using your home address as your office address in your collateral? I just wonder because it looks like a nice home, and I wonder if it's been a net positive or if it is throwing red flags? Either way, I wish you the very best of luck!! We've raised over $400,000 so far from about 450 investors. StartEngine has been 'okay'. They've been promising we would be able to accept cryptocurrency investments since Early December, but still have not made good on that promise. There's been a few other oddities, but their 5-8% take is a necessary evil with this sort of raise, as a Title III offering must be through a 'Funding Portal'. The limitation on advertising on a 'Regulation CF' offering, coupled with strict KYC and only fiat investments has also caused some irritation not usually seen encountered in ICO's avoiding US regulation. We're currently looking for suitable office space in the Greater Denver area; My co-founders home is listed as the current office address, he is the also CEO of Zynex Medical, a publicly traded Medical Device company(ticker:ZYXI), so I don't think it should cause any red flags. not bad the result of pre-sale . i want to know when will crowd-sale ,the market fall down ,i really want to know the plan . Following this offering we will be conducting the more typical Regulation D 506(c) or 'Reg D' for accredited investors only. When we are ready to deploy our software/blockchain we will be conducting our Regulation A+ ICO to take the Token 'public', so to speak. (Currently projected for late 2018 early 2019) |
|
|
|
Surprised that this hidden gem is going under the radar, good stuff here.
Probably because we're not paying a team of people to run around screaming our name. In rough numbers, how much have you raised thus far? How has start engine been? Worth the $25k + rake? Have you had any questions about using your home address as your office address in your collateral? I just wonder because it looks like a nice home, and I wonder if it's been a net positive or if it is throwing red flags? Either way, I wish you the very best of luck!! We've raised over $400,000 so far from about 450 investors. StartEngine has been 'okay'. They've been promising we would be able to accept cryptocurrency investments since Early December, but still have not made good on that promise. There's been a few other oddities, but their 5-8% take is a necessary evil with this sort of raise, as a Title III offering must be through a 'Funding Portal'. The limitation on advertising on a 'Regulation CF' offering, coupled with strict KYC and only fiat investments has also caused some irritation not usually seen encountered in ICO's avoiding US regulation. We're currently looking for suitable office space in the Greater Denver area; My co-founders home is listed as the current office address, he is the also CEO of Zynex Medical, a publicly traded Medical Device company(ticker:ZYXI), so I don't think it should cause any red flags. |
|
|
|
I just stumbled across your project by chance. I am a health scientist with over 15 years of experience and see the issues with EMRs frequently impeding our ability to answer questions with data. A project with like would be quite helpful if it could succeed.
I have a graduate degree in biostatistics and am involved with a lot of statistical computing (modeling data to answer particular questions, in programming languages dedicated to mathematical statistics). If you even encounter a need of that sort, I would be open to helping, just pm me. Regardless, good luck.
We're very excited about how helpful functional interoperability will be! We're still early in development but we'll have beta opportunities closer to 2019. |
|
|
|
|
MedChain is making arrangements to sponsor the following upcoming events:
CU Blockchain Summit April 14th-15th
Global Blockchain Summit in Denver April 19th-20th
|
|
|
|
|
The Denver - Day 4 Crypto exhibit was a great success! We'll know for next time to bring more than 100 business cards!
Stay tuned for exciting news about our latest team members!
|
|
|
|
|
