Will be announcing our first set of Advisory Board members in the next day or two;
HIPAA Compliance training
Topic: [ANN][Pre-ICO] MedChain - SEC Filed, Open to unaccredited US investors! (Read 12077 times)
May 02, 2019, 11:23:22 AM
August 14, 2018, 03:42:35 AM
I think this is a unique project, I hope this project will develop quickly and have many investors around the world, I will support you good job and always fighting.
August 14, 2018, 03:13:04 AM
the very moment when the project (development) itself is good, but whether a token (crypto currency) is necessary - is a big question that I ask very often myself
August 10, 2018, 04:34:46 AM
This project giving every patient to have their own medical records in the blockchain community for reference. I think it`s necessary for anyone and the project will be successful in the future.
MedChain creates a new health ecosystem that allows dApp infrastructure to be safe for storing Health Records. This platform performs Electronic Medical Records encrypted and fragmented across the network to prevent malicious attacks and hacking attempts.
August 07, 2018, 02:51:58 PM
The main specialization of the innovative platform will be the protection of medical services on the Internet. It`s very important to keep information between doctor and patient safety and blockchain technology can easily provide this. I think this project will show itself and I trust in his future.
August 06, 2018, 11:42:46 AM
This project giving every patient to have their own medical records in the blockchain community for reference. I think it`s necessary for anyone and the project will be successful in the future.
July 22, 2018, 11:17:33 PM
Medchain already has products and is developing features. DPS patients are built on the MedChain platform being developed for smartphones, tablets and desktops, iOS and Android. This project has potential in the long term.
June 18, 2018, 03:34:40 AM
Here is the MedChain's Greek ANN and Bounty Page:
ANN - https://bitcointalksearch.org/topic/annpre-icomedchain-949-4489198
BOUNTY - https://bitcointalksearch.org/topic/bountymedchain-500000-token-4420726
ANN - https://bitcointalksearch.org/topic/annpre-icomedchain-949-4489198
BOUNTY - https://bitcointalksearch.org/topic/bountymedchain-500000-token-4420726
May 12, 2018, 03:55:50 PM
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
Awesome 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.
April 30, 2018, 11:08:43 PM
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
Awesome 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?
April 30, 2018, 12:34:42 AM
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
April 29, 2018, 04:02:48 PM
Heard from StartEngine that the functionality is still potentially over a month away. Very disappointing.
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...
April 27, 2018, 01:51:51 PM
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-Escrow
I 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.
Heard from StartEngine that the functionality is still potentially over a month away. Very disappointing.
April 26, 2018, 10:59:00 PM
Opening a way to the possibilities of globalize data across every health service around the world.
That possibilities will makes health service could be maximize, since every records of the patient will be shared across the medical service to help ease of medical attention for the patient.
That possibilities will makes health service could be maximize, since every records of the patient will be shared across the medical service to help ease of medical attention for the patient.
April 26, 2018, 10:39:59 PM
Medchain is a project that is engaged in health, this will be very helpful for the progress of our health. This application is able to provide a good solution for our survival.
Hope this project can be smooth and coming many investors.
Hope this project can be smooth and coming many investors.
April 26, 2018, 08:53:28 PM
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?
April 16, 2018, 11:30:20 PM
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/
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)
April 16, 2018, 09:25:45 PM
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/
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.
April 11, 2018, 11:13:01 AM
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.us
Or on the offering page itself: https://startengine.com/medchain
its an awesome,good for this and hope will grow more for this project.
Thank you!
April 11, 2018, 04:08:17 AM
its an awesome,good for this and hope will grow more for this project.
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