The CryptoLab Blog

UPDATE: This is the official wallet for the New MED token . You can read all about how to swap using their mediBridge via this article:

ATTENTION: there is a person trying to scam users out of their MED and MEDX. Only use an exchange or the bridge to swap your MED.

mediBridge Swap Period
2019.10.08 14:00(KST) ~ 2019.12.07 23:59(KST)
After 2019.12.07 token swap through mediBridge will not be possible.

The token swap ratio will be 1 : 0.5.
(1 MED, QRC20 token or 1 MEDX, ERC20 token : 0.5 MED Mainnet Coin)

Medibloc will be using Tendermint for its own stand-alone blockchain. MedCoin will be running on the Tendermint consensus algorithm. Currently, there is no released wallet.

During the token swap process, MED & MEDX will become one single coin. If you have MED on a Qtum Core wallet you will need to upgrade the wallet to atleast 0.18.1

It appears that MED & MEDX will be running on the Tendermint consensus algorithm.

Qtum Core Wallet Issues?
If you’re having issues sending out your MED to Coinrail or whatever exchange you are going to use for the token swap, you are not alone. I had an issue and I’ve heard of a few others with a similar issue in the telegram group. My error message can be found below.

Solution #1
My fix was to increase the GasPrice from .00000040 to .00000080. However, the day before I also sent qtum to my MED address. That didn’t seem to fix the issue, but it could have a part in the fix.

Solution #2
This was taken directly off the document site
Send QRC20 Tokens
To send QRC20 tokens you must have sufficient QTUM coins in the address tied to that token. The web wallet default fee for sending tokens is 0.00000040 gas price x 250,000 gas = 0.1 QTUM plus the default transaction fee of 0.01 QTUM, for a total fee of 0.11 QTUM. You can use these default values unless you understand how to set lower values, but don’t worry, any excess gas will be refunded as a mined amount (the mined amount must mature for 500 blocks before it can be sent or used for gas/fees).

Using online wallet?

Docs show how to add a QRC20 token to the online wallet. When you log into this wallet it will NOT show your MED tokens. It’s similar to ETH MEW not showing your ERC20 tokens (and lately LedgerLive) and having to add the tokens in manually. You will need the contact address that can be found below.

MED Contract Hash / ID: 2f65a0af11d50d2d15962db39d7f7b0619ed55ae
Here is a link to also verify that you are using the correct contract MED Contract URL

Token Swap Using Coinrail

Coinrail appears to be the offical exchange for US token holders. You will need to move both your tokens to Coinrail for the swap. You can sign up for an account at Coinrail as a US citizen. To be able to withdrawal coins you will need to be a “Level 2 Authentication”. This authentication level will allow you to withdrawl up to 20,000,000 KRW daily. That equates to about USD$ 16,730.

I have sucessfully sent both my MED & MEDX to Coinrail. They are sitting there waiting for the process to start on September 30, 2019. More updates to follow.

If you have issues with the registraion email link, contact me directly in Telegram

I’ve recieved an answer to my questions I sent to Coinrail. I asked them if they could guarantee that if I was coming from the US that I would have no issues taking the new coins off the exchange after conversion. Their answer was “we cannot say you nothing about that for now. You can check the list by email and notice.”

If you wait a bit I can run through the process first and let you know if I run into any snags. Either way I’d would create an account at Coinrail to start.

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