MediBloc (MED) is a cryptocurrency used within the MediBloc ecosystem, a decentralized healthcare information system built on blockchain technology. The MED token serves several purposes:

1. Incentivizing Contributions: MED tokens are used to incentivize users to contribute to the MediBloc ecosystem, such as by sharing their health data or participating in research studies.
2. Payment Method: MED tokens function as a payment method within the platform, facilitating transactions between patients, healthcare providers, and researchers.
3. Data Management: The platform uses a points-based system called Medi Point (MP), which measures user participation. Users can purchase MP with MED tokens or contribute to the data network. After collecting MP points, users can convert them to MED tokens after a three-month waiting period.
4. Medical Transactions: MED tokens can be used for medical transactions such as insurance payments, making it a valuable tool for healthcare providers and patients alike.

Overall, the MED token plays a central role in the MediBloc ecosystem, enabling secure, decentralized, and patient-centric management of healthcare data.

To store MediBloc (MED) tokens, you can follow these steps:

1. Set up a MediBloc Wallet account:

   • Go to https://wallet.gopanacea.org and click on "Create Wallet ID" to get started.
   • You will be given a unique 24-word mnemonic phrase, which allows access to your wallet. Keep this phrase safe, as there is no backup if you lose it.
   • Choose a wallet nickname and password to access and log in to the MediBloc Wallet.

2. Use the Qtum Core Wallet:

   • The team at MediBloc offers a step-by-step guide on how to store your tokens on the Qtum Core Wallet, which is currently the only available method until new wallets are supported.

3. Use Cosmostation Wallet:

• Download Cosmostation from the Google Play Store or Apple App Store.
• Launch the app, click "Create Wallet," and select "MediBloc Limited Mainnet" to set up your wallet.

These methods allow you to securely store your MED tokens and manage your healthcare data within the MediBloc ecosystem.

To buy Medibloc (MED) tokens, follow these steps:

1. Create an Account: Open a free account on a cryptocurrency exchange that supports Medibloc, such as Gate.io, KuCoin, or Coinbase. This account serves as a portal for purchasing cryptocurrency and requires proof of identification.

2. Choose a Payment Method: Select your preferred method to buy Medibloc (MED). Common methods include:

   • Credit or Debit Card: This is the simplest method for new users. Almost all exchanges support both Visa and Mastercard.
   • Bank Deposit: Transfer fiat money from your bank account to your exchange via SWIFT, then use the funds to purchase Medibloc (MED).
   • P2P Trading: Some exchanges provide a peer-to-peer service, allowing you to purchase Medibloc (MED) directly from other users.
   • Third-Party Payment: Check your exchange's FAQ for available third-party payment channels.

3. Confirm Your Order: Once your account is funded and authenticated, you can start purchasing Medibloc (MED). The process may differ depending on the exchange. You can use various order types:

• Market Order: Purchase Medibloc (MED) at the current rate, typically completed in a few seconds.
• Stop Order: Purchase or sell Medibloc at a specified price, useful for selling before the price drops.
• Limit Order: Purchase or sell Medibloc at a particular price or better, taking longer to fill than stop orders.

4. Store or Use Your MED: After purchasing, you can hold your Medibloc (MED) in your exchange wallet or transfer it to a personal cryptocurrency wallet. You can also trade it for other cryptocurrencies or stake it for passive revenue.

Remember to double-check your information and wallet address to ensure a smooth transaction.