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Insights on Well ICO


Mar 30, 2018 Posted /  680 Views


Insights on Well ICO

The concept:

WELL is creating a global blockchain platform for high-quality healthcare. This platform will eliminate country borders and connect healthcare specialists and patients worldwide. It is a decentralized global healthcare network built on Ethereum blockchain and smart contracts. The platform is designed to disrupt and replace traditional healthcare models by providing easy access for patients anywhere in the world to receive remote diagnoses, second opinions, and preparation for in-person treatment from a curated group of the best medical professionals in the world. It allows patients to take control of their care delivery, whether at home with concierge services (personal assistant) or anywhere with telehealth services.

How Well tokens will be useful for the investors?

The WELL token will enable an on-demand system that solves the current problems of cross-border payments, data accessibility, and payment risk, allowing areas with the highest quality of healthcare to serve the entire world. The WELL token, an integral part of the WELL ecosystem, performs multiple functions and has been designed so that customers will want to use it frequently.

Vision of Well platform

Their vision is a single point of access for both minor and serious conditions that transcends country borders; provides data, best practices, and innovation in compliant and secure ways; and removes payment friction from the system. WELL technology is designed to provide value to patients, doctors, and society as a whole.

Crowdsale of Well platform

The WELL crowdsale begins on April 15, 2018, at 5:00 p.m. PST and will continue until it reaches the hard cap of $28M Ether or Bitcoin or until May 15, 2018, at 5:00 p.m. PST. They will create 1.5 billion WELL tokens in total. They will create roughly 1.5 billion WELL Coin tokens. The tokens will sell at a rate of 1 WELL token = $0.1 dollar (10 US cents). Acceptable currencies will be ETH, BTC, BTH, LTC, FIAT + others via service providers

Why Blockchain?

Blockchain will speed pre-authorization and enable timely treatment of the patient as well as accurate payment to the provider. The goal will be real- time determination of benefits, with the blockchain ledger shared among the stakeholders.

What does Well platform aim for?

The WELL team is passionate about providing reliable access to global healthcare and delivering the following to their patients:

Ability to build healthcare networks: The WELL network already includes over 1,600 physical, occupational, and speech therapists and their assistants. WELL used proprietary recruiting technology and processes to build the largest therapist network in California in less than 18 months for a fraction of the usual healthcare recruiting costs. They will apply the same rigor to expand their network to many other specialists in the U.S. and globally. Their primary goal is to provide access to highly skilled and experienced medical professionals who can speak your language.

On-demand access: WELL will offer patients access to quality healthcare 24 hours a day, 7 days a week, 365 days a year without the burdens associated with travel and wait times. Additionally, where physically available, WELL will offer concierge (personal assistant) on-demand care directly to a patient’s home or work. Patients who once waited for months will be able to connect to a specialist in minutes or receive concierge care the same day.

Ease of use: A user-friendly interface provides access via the internet through video and phone, whenever and wherever.

WELL Platform Benefits

Patients: Getting well faster

Main Benefits of WELL for patients

  1. Convenience and ease of healthcare delivery 24 / 7/ 365 via app or website for immediate appointments and access anywhere in the world
  2. Connection with a curated global network of high-level doctors and other healthcare specialists often unavailable or difficult to access in some countries
  3. Platform for access to relevant providers: interpreters, pharmacies, labs, medical equipment suppliers, transportation companies and more
  4. Reduction of costs, as much as 30% (varies by circumstance)

Doctors: Helping others and themselves

Main Benefits of WELL for doctors

  1. Secure and robust work solution to address growing needs for convenient access to healthcare
  2. Additional revenue from faster patient processing and lower overhead
  3. Better work-life balance with flexible work-at-home model
  4. Convenient tool for volunteer and charity work

Token features

Form of payment: WELL tokens will serve as the main means of payment within the system, although they will accept and use other types of fiat or cryptocurrencies.

Currency exchange: It will also support price determination for WELL services. The system will take a fee in WELL tokens, and some premium features will be available only in WELL tokens. Gamification of healthcare: The WELL platform will award WELL tokens for behaviors that lead to desirable outcomes. Patients will earn WELL tokens for achieving markers, such as improved blood pressure, cholesterol, and other health measurements, or ratings and timeliness.

Bonus program:

Whitelist:

From Jan 1 to March 15 there will be 40% bonus

From March 16 to April 15 there will be 30% bonus

On April 16 there will be 25% bonus

Crowdsale:

From April 17 to April 22 there will be 20% bonus

From April 23 to April 29 there will be 10% bonus

From April 30 to May 6 there will be 5% bonus

From May 7 to May 15 there will be 0% bonus

Token Distribution

Out of the roughly 1.5 billion WELL Coin tokens they will create, they will portion them as follows:

  • 40% tokens will be Issued

  • 40% tokens (up to 5% of them for special bounty and advisors programs) will be Reserved for business and network developments.

  • 20% tokens will be for the team

Roadmap for the WELL platform:

In Feb 2018, Telehealth platform release

In Q2 April 16 2018, Crowdsale will be conducted

In Q2 2018, Telehealth platform deploys to U.S. self-insured employers and clinics

In Q4 2018, Blockchain releases for sandbox and bug testing bounty campaign

In Q4 2018, Blockchain platform releases for medical tourism, second opinions, and charity

In 2019, Partnerships with government medical agencies (example, Estonia's healthcare system)

In 2019, Launch blockchain group buying plan; work on U.S. health savings account

In 2019, Integrate blockchain with all major U.S. insurance providers

In 2019, Form partnerships with Japan, Korea, and China

In 2020, Goal: 1 million visits conducted per month

In 2020, Continue global integration with insurance and governmental healthcare systems


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