CoinMD

CoinMD is an intriguing organization that offers a cryptocurrency reward system for people who engage in healthy lifestyles. The site is a private membership group that offers great benefits to those who work hard towards improving their bodies and their lifestyles in general. However, there are some concerns that would have to be addressed just as well when looking into how it works.

About CoinMD

CoinMD is a relatively new entity that is rather interesting in terms of how it is organized in general. It is organized as a crowdsourced option that is inviting and designed to help people get more cryptocurrency for a variety of plans and general needs.

How It Works

CoinMD operates as a member-based group. That is, it only takes in people who are invited although there are times throughout the year when open enrollment is available to a limited number of people.

To get into the program, a person will choose one of four different membership tiers. These typically entail long-term memberships for at least a year in length. A person can get into a 30-day trial and then sign up for a year’s worth of service if that person is interested in sticking around.

People can share medical information about themselves with a variety of members. These include medical students and professionals who are looking to hone their skills and help people out with understanding more about their health needs. People can send in as much health-related information as they want as all information is fully kept private and secure from tampering or access in any illegal way.

Update: Members will carry their encrypted medial files on their smartphones and share that only with accredited health professionals through a secure QR code. No one else will be able to see or access their medical files. These patient files will be secured and maintained through a blockchain.

The people who send in the most information will get access to CoinMD rewards. These are rewards that come in the form of the CoinMD cryptocurrency. This is a form of currency that will be traded in the near future and is expected to be one of the more interesting ways how people can get money as they desire.

CoinMD Benefits

The program works in that there are plenty of people on the site that will help offer medical advice and information to participants. People can get information from many people who understand how the industry works and is functional.

Also, this allows people to be as detailed as they want to be. Members of the site can choose to be active or dormant on the site depending on what they might be interested in sharing. The information is also fully confidential, thus ensuring that people can ask questions about their health to the people working on the site as needed.

Drawbacks

This may be too expensive for some people to get into. The program itself costs at least $1,000 to enter into. It is not certain as to how much the cryptocurrency is worth to begin with, thus creating a slight barrier for those who might be interested in the service.

Also, it is not clear as to how much money one can get in cryptocurrency for one’s efforts in sharing medical information. The site says that the value of one’s currency will increase as the CoinMD community continues to grow in size.

There is also a bit of difficulty in trying to figure out the precise people who are on the CoinMD site. Although the site itself features a number of professionals who are willing to help others out, it can be a challenge to figure out who is on the site.

CoinMD Conclusion

The CoinMD site is a very interesting place in terms of how it is organized. This is a site that makes it so people can easily enjoy earning cryptocurrency while getting help for their medical analysis needs. However, it might be important to take a look at how well it can work and what makes it distinctive and intriguing in some ways. This comes as the site has an interesting look to it and a good way for people to earn cryptocurrency, but the questions surrounding it are still concerning.

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1 COMMENT

  1. Thank you for your comments, but I’d like to correct a few things in this piece.

    First, CoinMD is a private network designed to help consumers reduce their healthcare bills. It’s driven by a new cryptocurrency that will not have an ICO, will not be traded on any exchange, and is all pre-mined. This crypto is intended to be used only within the network linking professional and accredited health and wellness providers with consumers.

    The following statement is not at all accurate: “People can share medical information about themselves with a variety of members. These include medical students and professionals who are looking to hone their skills and help people out with understanding more about their health needs. People can send in as much health-related information as they want as all information is fully kept private and secure from tampering or access in any illegal way.”

    Members will carry their encrypted medial files on their smartphones and share that only with accredited health professionals through a secure QR code. No one else will be able to see or access their medical files. These patient files will be secured and maintained through a blockchain.

    To see more about how CoinMD will operate once it’s fully rolled out, I’d be happy to send you the company’s first two white papers which were recently published.

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