Where to Buy Modum (MOD)

Modum (MOD)

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How to Buy Modum (MOD)

What happens to the medicine you take before it falls in your hands? With the Modum token, not only will you be investing in a service that will give you definitive proof that your medicine is handled properly — you will also get a share in the company that’s looking to streamline supply chains operations throughout Big Pharma.

The European Commission ensures that all medicinal shipments must prove they haven’t been affected by environmental conditions, and the United States is soon to follow suit with similar regulations. The small problem with requiring logistics and shipping companies to move medicines in stabilized conditions is that not all medicine is temperature dependent. Enter Modum.

Modum solves this problem with temperature reading RFID chips. They’re cheap enough to scale properly, and can measure temperature independently throughout the entire shipment. When the product reaches a recipient, the data is transferred to the Modum blockchain, issues a smart contract and allows it to be publicly accessed.

 

What does this mean for me?

Modum is looking to ensure drug safety using blockchain technology. By buying Modum, you’re investing in a process that is immutable, decentralized and accessible to the everyday drug user. Oh, and each token buys you a share in the company, which entails:

  • Voting rights on whether milestones were achieved
  • Receiving portions of the company’s profits & dividends* (*converted to Ether and sent to a wallet)

There is a huge potential for profit in Big Pharma, so let’s see figure out how to buy Modum.

Create A Coinbase Account

First things first, you’re going to want to buy from Bitcoin or Ethereum from Coinbase. If you’re not able to access Coinbase, try buying the coins from Coinmama — it’s easy to navigate and the process is the same. If you already have some BTC or ETH in your wallet, you can skip over to step 2.

Create A Binance Account

Outside of Coinbase we’re going to have to use a cryptocurrency marketplace. Here we can use our main currencies (ETH and BTC) to purchase other coins. In this case, we’ll be using Binance. However, there are other marketplaces you can choose from. Go on and make an account, then continue to step 3.

Send BTC or ETH to Binance

Here’s where it can get a bit confusing. We’re basically going to transfer BTC or ETH from our Coinbase wallet to our Binance wallet. Here are the essential steps:

  • Select “Wallets” on Binance
  • Look for “BTC” or “ETH”
  • Select “Deposit”
  • Select and copy the address string
  • Return to Coinbase
  • Select the “Accounts” label on Coinbase
  • Look for BTC or ETH wallet & select “Send”
  • Paste the Binance wallet address into the Coinbase recipient address bar
  • Enter in the amount and select send!

Here are some screenshots describing the process using ETH for reference:

Purchase Modum (MOD) on Binance

Here, move your mouse over “Markets” and search for the BTC/MOD or ETH/MOD market. There, you will be able to fix your price per coin, select the number of coins you want to purchase, and then finally buy!

Below is a screenshot outlining the components of the page:

Assess & Save

You just bought some Modum, so now you’ve got to decide what you want to do with them. Many choose to let them sit in their wallets, but you’re more than welcome to return to the marketplace.

 

Is that all?

That’s all! We hope you found the tutorial helpful. Got a question? Feel free to shoot us one in the chat window to your right.

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