The MEDCASH Token is an ERC-20 standard Ethereum token which is native to Medxchange. It is used to as a “virtual commodity” to facilitate sales transactions of all global medical devices and supplies on the Medxchange system, and it is used to incentivize miners and data silos, and it is used to support all other related and supporting transactions, including exchange transactions with fiat currencies and other selected cryptocurrencies. Medcash does not convey any equity or ownership interests, or any shareholders’ rights (such as the right to receive dividends and the right to participate in the distribution of the MXL’s surplus assets upon a winding up, if any); as such Medcash is a digital token and is not and may not be regarded as an interest in a “collective investment scheme” (CIS), as defined by the Hong Kong Securities and Futures Commission (SFC).
Medcash Smart Contract
Find the Medcash smart contract on Etherscan here: https://etherscan.io/address/0x6652Fa201B6BBBC0b5b0aD3f5702b2B9849cc830#code