Medicohealth envisions the creation of a world database of medical data, accessible to doctors worldwide. They hype a 2.5m doctors database and populated their website with a huge team and media coverage. However, we remain sceptical over the quality of the database as anyone can purchase a database of doctors on the internet for about 100 USD.
Some advertisement is not matching the information we gathered from external websites.
The project has very little to offer in terms of technology and innovation.
We are very concerned when examining ICOs which have no supervision of funds, and no exit scam proofing.
Medicohealth’s project is a risky investment. It has not been audited and no ICO Fund Supervision Scheme has been set up.
An expert review of Medicohealth upcoming ICO
Medicohealth was incorporated in 2018, under Swiss incorporation, this is a newly created company clearly for the purposes of the ICO. The ICO is run by a Slovenian team.
The funded capital is 100.000 CHF.
The white paper indicates the legal entity responsible for the ICO.
No third party is regulating the raising of funds for this ICO and as Medicohealth completes their ICO, any funds raised will be unsupervised and there is no promise yet of transparency.
Medicohealth does show a generic planned allocation of funds on their company website, the plans that they display are vague and unspecified.
These points establish that any investment in this project will be accompanied by a high-risk level. The team and their project remain unaudited and without any form of exit scam proofing setup.
Medicohealth pursues a very ambitious project but their premises are limited and highly hyped.
They brand a 2,5m doctors database ready to start off, however, we remain unconvinced as there are many of this type of database easily purchasable on the internet. Moreover, having a database does not necessarily mean that doctors listed in that database will join the project.
Based on the information provided, we rate the project at the very early stages and we doubt on the real traction of the venture.
Some information displayed on their website does not match the data we gathered from other websites quoted by them.
Medicohealth token distribution has a soft cap of 3.5,m and a hard cap of 23.5m.
The way the soft cap is intended is not the way it should be: in case they will not achieve the goal they are not planning to invalidate the ICO and return funds. This circumstance clearly unbalances the risk of potential investors who are taking the risks of buying tokens of an underfunded project.
Medicohealth showcases a huge team, with a clear connection to the health care industry. Some of the Linkedin profiles do not report Medicohealth as their current occupation, however, we are positively impressed overall.
The logistics of implementing a project of this size, as well as the clear overhyping surrounding the ambition of the project shows that Medicohealth is a risky investment.
Their token economy is unbalanced and their hard cap and there is no third party supervision of funds.
While their team shows expertise in the medical field, their apparent approach to implementing their project is vague and misguided.
ICA is committed to warning investors against ICOs which have no third party safeguarding the allocation of the funds derived from ICOs, no Funds Supervision Scheme deployed, and no exit scam proofing.
PREICO begins: 31-07-2019
PREICO ends: 30-08-2019
Token Name: MTP
Soft Cap: 3.5m USD
Hard Cap: 23.5m USD
– Highly hyped
– No IFSS or audit
– High hard cap
– False soft cap
– No working product
The issuers of this ICO have not commented on this review. If you represent Global Property Register contact us to request auditing and subscription to IFSS.