The MintHealth Security Token Crowdfunding takes place exclusively on the StartEngine platform. Minimum investment is $250 USD. Click Here to see the offering.
- To participate in the MintHealth Security Token Offering Regulation D, please address your request to email@example.com and indicate the currency and amount you’d like to contribute (the minimum is 10,000 USD).
There is a $250 USD minimum per investor to participate in the Crowdfunding.
There is a $10,000 USD minimum per investor during the Regulation D Offering. You must also be an accredited investor. To learn more about being an accredited investor, click here.
ETH (Ethereum), Bitcoin (Bitcoin) and USD will be the only method of payment accepted. If you would like to purchase using other coins, please use the ShapeShift web plugin.
The price of MintHealth Security Tokens (MHST) will be denominated in USD.
The first 6,000,000 MHST will be sold with the price $0.25 per share
The next 10,000,000 MHST will be sold with the price $0.4 per share
The next 10,000,000 MHST will be sold with the price $0.8 per share
The last 10,000,000 MHST will be sold with the price $1 per share
The pricing of MHST will be determined by the closing price immediately preceding the payment date:
- https://coinmarketcap.com/currencies/ethereum/historical-data/ for the Ethereum/USD exchange rate (column “Close”)
- https://coinmarketcap.com/currencies/bitcoin/historical-data/ for the Bitcoin/USD exchange rate (column “Close”)
The hard cap for the MintHealth Security Token sale is $23.5M USD (including maximum $1.07M USD raised during the Crowdfunding). There is no soft cap.
MintHealth Vidamints™ (VIDA) will operate as the rewards and incentive system on the MintHealth platform where Patients will earn VIDA as a reward for completing healthy activities. Patients will then be able to redeem VIDA for rewards in a similar fashion to frequent flier miles or other loyalty program point systems. In this case, the purchaser of the Vidamints will be insurance companies, corporate wellness programs, and any other entity that takes on the financial risk in caring for patients with diseases like obesity, diabetes, hypertension, among many other preventable chronic conditions. The VIDA token will not be used for capital raising. It will be a loyalty/utility token that is sold at a fixed price and will be tracked and transparent via the Blockchain.
The MHST token will entitle holders to i) a 10% royalty percentage of revenues generated through the sale of VIDA by MintHealth and ii) equity ownership in MintHealth. This structure provides a unique balance of participation in ecosystem growth and an equity ownership stake in MintHealth as a company.
Pilot programs with established partner organizations (See whitepaper section 3.8 for more on our partners) will drive initial adoption of Vidamints. By leveraging existing patient engagement platforms provided by MD Revolution, Inc., the MintHealth Platform will drive down healthcare costs of managing patients with or at risk for complications from chronic conditions (hospitalizations, emergency room visits, etc.). This would reduce the quantity and dollar amount of patient insurance reimbursement claims, ultimately reducing costs for Payers. Thus, these Payers have significant incentives to invest in an ecosystem such as MintHealth and purchase the Vidamint Token. Notably, the MD Revolution CCM platform has already demonstrated its capability to reduce healthcare costs at a 5x ROI for Payers in a chronic disease population.
Consumer 3rd party app companies (e.g. Fitbit, Diet Management, General Wellness, etc.) can provide VIDA to tokenize consumer behaviors of their respective user communities in order to:
- Strengthen loyalty and retention of 3rd party developer end-user communities;
- Provide app end-user access to a rich and diverse redemption marketplace of healthful products and services;
- Provide a self-sovereign health record and history;
- Facilitate access to end-user population behavior and outcomes analytics.
When a patient uses the MintHealth platform, he or she will receive rewards for being proactive about improving his or her health. Similar to an airline or debit/credit card reward program, patients and Providers will receive “status” benefits based on the total number of VIDA Tokens earned in a given year. Examples of such benefits include:
- Discounts on insurance premiums
- Discounts on co-pays, deductibles, and out-of-pocket expenses
- Discounts on good and services provided by partner companies (e.g. pharmacies, physical therapy providers, spas, nutrition stores, etc.)
- Access to special benefits (e.g. events, app features, exercise classes, merchandise, etc.)
As of March 2018, MintHealth’s technology development has begun.
The technology components are the Patient Health Record Distributed Application (Dapp), the Health Data Integration System, Blockchain for Health Data, and Utility Token Implementation.
Of these, the most challenging and differentiating is the Health Data Integration System. MintHealth has proprietary access to a fully operating Health Data Integration System and Team, via our deep relationship with MD Revolution. MintHealth is using that system to springboard the development of our Blockchain-Enabled Health Data Liquidity platform that underpins our Self Sovereign Patient Health Record within our Dapp.
Our Product Roadmap has us completing our Minimum Viable Product (MVP) by Q4 2018 with first consumer use also in Q4 2018, and first Healthcare Customer use in Q1 2019.
The MVP will allow users to earn tokens via movement (captured by FitBit, Apple Health a’d others), weight, and BMI captured by user input or certain connected scales, validated by clinical data captured at doctor visits. The MVP will securely aggregate all requisite data for the above use into our Self Sovereign Health Record (data access control and Management running on Blockchain optimized for this use case). Users will be able to redeem token for goods of value in a redemption marketplace or for cash in the case of certain healthcare-sponsored campaigns. The MVP will enable the ability to implement campaigns that trigger token earning based upon actions and clinically validated results to the specification of the healthcare campaign buyer. Further the MVP will have the ability to analyze and report the connection between healthful actions and clinically validated results, permitting ongoing optimization of the tokens to drive additional healthcare ROI. The MVP will also allow the addition of new data streams, actions, and campaign models
After the MVP, the product will expand to include more available actions to take and outcomes to attain for users, and for select healthcare customers to select. This will expand the types of data stored together at the individual level, producing ever more accurate and advanced ways to affect healthful outcomes and reduce healthcare spend overall.
MintHealth will also extend its platform to other healthful goods, services, and technologies, allowing them to “tokenize” their solutions via an API, and a display “widget” or “plug-in.” This integration utility will be built to ensure MintHealth is a true “platform-as-a-service.”
With the ongoing expansion in scope of data points, as well as growth in user base, MintHealth will begin applying Machine Learning to rank the success of certain actions and programs against clinically-validated outcomes. This will further the optimization of the ecosystem’s ability to define high value behavior and then drive it with incentive token allocation, social gamification, and peer support systems for users.
This post-MVP expansion will span 2019.
On a 2+ year horizon additional capabilities leveraging the unprecedented breadth and depth of human-centered data within MintHealth, and the power of Mint’s foundational concept that each person owns their own data, immutably recorded by Blockchain, will bring virtual clinical study features and other advanced analytical capabilities.
Ultimately, this path will cause a truly person-centric health data model to emerge, inclusive of data collected from healthcare, consumer, and other sources. This comprehensive model coupled with our Platform-as-a-service APIs will allow MintHealth to transact more complete data about a patient between health providers, automatically. Such transactions will be inherently HIPAA compliant and compatible with the complex health IT systems that clinicians use. This will surface immense opportunity for a health provider to create vastly more value for a patient at time of service, e-service, or even fully autonomous service.
For purchases made in ETH/BTC, we will deem a purchase to be successful when three confirmations have been received within six hours of the time that payment information is displayed to you during the Token sale process. We reserve the right to refund your purchase if the transaction is processed after the six hour period lapses. You will receive an email confirmation of your purchase.
How many MintHealth Security Tokens will be available in the Token sale and how many created in total?
The maximum number of MintHealth Security tokens ever created will be 90,000,000, including 36,000,000 sold during the Offering. All 90,000,000 shares are Non-Voting Preferred Stocks. Under an unsold token condition, such tokens will be held in Treasury.
Other 28,000,000 MHST are reserved for the Equity Incentive Plan.
There is also 12,000,000 MHST reserved for key employees, consultants and advisors.
14,000,000 MHST are held in Treasury.
Yes, there will be a 1 year lock-up for US investors and 4 months lock-up for non-US investors.
You need to provide us with a token receipt address that is ERC20 compatible. The following wallets are known to be compatible with Ethereum tokens (ERC20 standard) and may allow you to receive and view your balances: MyEtherWallet (no download needed), Mist (Desktop), Parity (Desktop), imToken (iOS), imToken (Android).
If this happens, please contact firstname.lastname@example.org as soon as possible. However, MintHealth is not responsible for any delays, losses, costs, expenses, or other issues relating to or arising from the loss of your private key or any other access credentials.
The transactions should have been rejected or not mined, your balance has not changed. Please try again with enough gas. Try 250,000.
There are many exchanges that sell Ethereum for fiat or cryptocurrency. These include:
Please send your purchased ETH to a compatible wallet whose private keys you own and control prior to sending to the Token sale.
The MintHealth Tokens to be offered in an offering under Regulation D promulgated under the Securities Act have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. These securities are expected to be offered and sold in reliance on the exemption from registration set forth in Section 506(c) under the Securities Act. In accordance therewith, you should be aware that (i) the securities may be sold only to “accredited investors,” which for natural persons are investors who meet certain minimum annual income or net worth thresholds; (ii) the securities will only be offered in reliance on an exemption from the registration requirements of the Securities Act and will not be required to comply with specific disclosure requirements that apply to registration under the Securities Act; (iii) the Securities and Exchange Commission will not pass upon the merits of or give its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials; (iv) the securities will be subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities; investing in securities involves risk, and investors should be able to bear the loss of their investment; and (v) the securities offered will not be subject to the protections of the Investment Company Act.
Some of the statements herein may constitute forward-looking statements. These forward-looking statements may include, but are not limited to statements relating to our objectives, plans, and strategies; statements that contain projections of results of operations or financial condition or of stages of development of our products; statements relating to the research, development, and use of our products; and all statements (other than statements of historical facts) that address activities, events, or developments that we intend, expect,project, believe, or anticipate will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, including, without limitation, regulatory risks, our ability to execute our business plan, and our ability to obtain financing on satisfactory terms, among other risk. The forward-looking statements included herein should not be regarded as a representation by MintHealth that the projected results will be achieved. We do not undertake any obligation to update any forward-looking statement.