ICOs This Week: Etheal, iCasting and PavoCoin ICO Review
Etheal: Making Healthcare Readily Affordable and Accessible Through Blockchain
Every year, advanced developments in medicine, specifically medtech, help us find new and smarter ways to keep the grim reaper at bay. Of course, as human life-expectancy increases, so global healthcare expenditure shoots through the roof. Researchers say the cost of obtaining healthcare is expected to increase at a rate of $300 billion every year. Some people have opted to receive treatment abroad. The practice known as medical tourism is projected to grow to $540 billion by 2025 with a 25% CAGR. Unfortunately, these eye-popping numbers have not helped eliminate the fundamental challenges patients and healthcare professionals have to battle in the industry. This is the reason Etheal exists; to disrupt the global healthcare industry by using the blockchain to make quality healthcare cheaper, faster and more easily accessible.
Token economics: Etheal (HEAL) token, is an ERC20 standard token with a 20 mark, Howey test score. Maximum token supply is 92,000,000 HEALs with a $10 million hardcap at crowdsale. Token distribution is as follows: 1 million HEALs to be distributed at presale, 3 million HEALs for early contributors and 12 million HEALs for main sale. Bounty hunters will have 1.5 million HEALs to share, while the community reward pool and HODL reward each have 20 million HEALs set aside. Founders, team and advisers have 20.5 million HEALs locked and vested over a 3 year period with a one year cliff. Etheal has siloed 14 million HEALs for future token sale. 1 ETH will give an investor 600 HEALs. There are also early bird bonuses ranging from 30%-2% depending on when the token purchase is made. Unfortunately, there is no information in their whitepaper nor on their website with regards to funds allocation.
iCasting: A Blockchain Based Platform for the Casting Industry
Matching talent with clients in the traditional casting industry is one fraught with among other things' inequalities, lengthy processing, lack of privacy, exorbitant costs and inefficiency. iCasting is hoping to challenge the status quo. The Netherlands based company which was founded in 2013 hopes to make the casting industry simple, cheap and quick, while giving both clients and talent the control and security they deserve. iCasting will be utilizing blockchain technology and its Talent Token to evolve the current industry into a true talent ecosystem. Thereby creating a worldwide, decentralized process where full control and security lies in the hands of clients and talent, relegating large fees and slow communication to the past.
Before reviewing their token economics, please note that the ICO launch date is yet to be announced. Their website asks visitors to subscribe for updates via email as they work on launching in late 2018. A maximum 350,000,000 Talent Tokens (TLNT) will ever be in circulation, 259,000,000 distributed among participants in the forthcoming Token sale, with 192,500,000 TLNT expected to be sold. The price for each Talent Token is €0.07 with €13.75 million set as hardcap and only ETH accepted as payment. Token distribution for the 350 million Talent Tokens will be: 55% to be distributed at ICO crowdsale, 19% to be given out as bonus, 4% goes to advisers and ambassadors, founders and team have 12% set aside for them, while investors and bounty will take 5% each. Funds allocation is as follows: 35% for technical development; 25% for marketing; 10% for database expansion, with product roll-out and general administration having 15% each.
PavoCoin: A Blockchain Solution to Farming Inequalities
Those who said that blockchain can’t put food on the table may soon be eating their words. PavoCoin plans to use the disruptive influence of crypto and blockchain to cut out the middle-man and give the small to medium farmer a better deal. Everyone wants cheaper groceries, and large supermarkets have been putting the squeeze on farmers to lower prices and stay competitive. At the same time, consumers-particularly those with money to spare, want organic and sustainable produce.
Having completed its private pre-sale, PavoCoin has commenced its public pre-sale with a 33% discount available until the start of the ICO on the 7th of August. There are 100 million tokens up for sale, out of an overall supply of 200 million. But at $1 per token, this is anything but a risk-free venture. The rest of the tokens are divided like this: 20% will be placed in reserve; 15% are for the team, their investors and partners; a further 10% will be held in a community reserve, while the remaining 6% are divided evenly between the ICO bounty and incentives, and a grower’s reserve.
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