Frequently Asked Questions

When will the MintHealth Security Token Offering start?

Raising $10-15M via a Reg D exempt pre-sale

We are also raising capital in a Regulation CrowdFunding that you can participate in on StartEngine: Click Here

How to participate in the MintHealth Security Token Offering?

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 pdaly@minthealth.io and indicate the currency and amount you’d like to contribute (the minimum is 10,000 USD).

Is there a minimum or maximum of MintHealth Security Tokens I can buy?

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.

Which payment methods will be accepted in the MintHealth Security Token Offering?

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.

What is the pricing mechanism? Are there any bonuses or discounts available for this Token sale?

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:

What is the cap for the MintHealth Security Token sale?

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.

What’s the VIDA Token?

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.

How will MHST work and incorporate with the VIDA token?

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.

How will the VIDA token work for my company? I am a Payer.

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.

How will the VIDA token work for my company? I am a Consumer Company.

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.

How will the VIDA token work for me, I am a Patient?

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.)

When will the MVP be ready?

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.

What will the MVP do?

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.

How will I know if my purchase was successful? Ethereum network is overloaded.

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.

Will there be a lock-up on MintHealth Security Tokens sold during the Offering?

Yes, there will be a 1 year lock-up for US investors and 4 months lock-up for non-US investors.

Which wallets can I use?

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).

I sent from a wallet and I do not have the private key, can I still get my tokens?

If this happens, please contact info@minthealth.io 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.

I didn’t use enough gas what can I do?

The transactions should have been rejected or not mined, your balance has not changed. Please try again with enough gas. Try 250,000.

Where can I purchase ETH/BTC?

There are many exchanges that sell Ethereum for fiat or cryptocurrency. These include:

  • Coinbase
  • Poloniex
  • Kraken
  • Bitfinex
  • Bittrex
  • io

Please send your purchased ETH to a compatible wallet whose private keys you own and control prior to sending to the Token sale.

I didn’t see an answer to my question.

Send a request to info@minthealth.io and we will try to address your question.