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HEALTH DATA HAS VALUE!

on a Community-owned Marketplace
Powered by Blockchain

Health data is a booming multi-billion dollar industry. By tokenizing the value of health data we are giving the individual and investors the opportunity to participate in that value stream.

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Dr. Eberhard Scheuer

Chairman & Founder

Winning Together

On the HIT platform, every reward payout with HIT tokens generates transaction fees that are distributed to our users and investors who own HITC tokens.

In the Security Token Offering, HIT Foundation is currently selling 3 million HITC tokens. The STO lasts until all 3 M HITC tokes are being sold or max until 30 September 2019.

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Token Economy

There are different categories or use-cases that can be implemented on the HIT platform.

When the individual user delivers the data according to the digital contract, the information seeker transfers the HIT Tokens to the individual’s wallet. Of this token amount, 10% are considered transactions fee (indicated by %), half of which (5%) are equally distributed among all active wallets and the other half (5%) among all HITC asset tokens.

The same transaction fee applies when information seekers are granted access to data in existing repositories or when reward providers compensate individuals. In the case of targeted information placements, the whole amount paid for the placement will go to the community, i.e. 50% to all active wallets and the other half to all HITC asset tokens.

Token Economy

Phase 1

We need as many individuals as possible joining HIT Foundation by downloading the HI-Trust app. Please join if you are willing to make your data shareable for a token reward. The bigger the community, the more information seekers will join that are willing to pay for health data.

Phase 2

Information seekers must acquire tokens to compensate individuals for giving access to their data. In the case of existing data, the HI-Trust app can be used to provide consent and get fair pay for its use. The HIT tokens can also be used in loyalty programs or as an incentive for behavior modification, e.g. in prevention programs.

Phase 3

HIT tokens can be used to redeem services, making it a secondary currency in healthcare. As soon as we have reached a community size of more than 10’000 individuals, the tokens can also be exchanged to money at the crypto-exchanges.

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Relationship of the number of users with transaction fee per HITC

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Revenues from the HITC token are directly linked to the number of users on the platform.  It is estimated that on the average each user generates € 5.75.- per month worth in HIT tokens, i.e., € 69 ($ 80) per annum. Of which € 3.47 are transaction fees allocated to the contributors. In addition, all revenues from information placement benefit the HIT community and are shared equally among active wallets and HITC tokens. It is estimated, based on Facebook’s revenue, that annually per person additional € 11.15 can be allocated to the token holders. Based on that calculation, with a user base of 5 million individuals, one HITC would generate € 14.62 per year.

System – How it works

Process of Token Transfer and Data Access

The HIT platform aligns network participants to achieve common goals — the growth of the network and the appreciation of the HIT token. Based on smart contracts the user/patient can receive tokens corresponding to the “value” of the data that is assigned by the information seeker. The smart contract that is incorporated in the request determines the access to the data and the transfer of tokens under the agreed conditions.

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Token Distribution

During the STO contributors can buy the HITC asset tokens, which entitle them to a share of the transaction fees. Contributors also get 100 HIT* as a perk when buying 1 HITC.

HITC – Asset token

A total of 5 million HITC tokens are issued. It gives contributors rights in the 5% transaction fee. 3M HITC are to be sold to contributors in order to build and run the platform.

Total Supply of asset tokens: 5’000’000

  • Contributors 3’000’000
  • Foundation 1’000’000
  • Founders & Team 1’000’000

Token Type: NEM Mosaic, 6 decimals
Fundraising total:
€25M (3M HITC Tokens)
Method: Bank Transfer, ETH, BTC, XEM

Contributors 3'000'000
60%
Foundation 1'000'000
20%
Founders & Team 1'000'000
20%

Fundraising – Q2 2019

  • Tier 1 (€6.4M) 800K HITC (20% discount = €8)
  • Tier 2 (€8.1M) 900K HITC (10% discount = €9)
  • Tier 3 (€8.0M) 800K HITC (0% discount = €10)

HIT – a utility and payment token

A total of 1 billion HIT Tokens is distributed to facilitate transactions. It is not used to finance the project but disseminated to individual users, partners, and stakeholders* in order to initiate and facilitate the HIT token economy. It can be used to pay individuals for providing data to information seekers. After the initial distribution phase, information seekers must buy the HIT tokens through the crypto-exchanges where the token is listed.

Total Token Supply: 1’000’000’000 (1 billion)
Token Type: NEM Mosaic, 6 decimals

*Contributors are entitled to 100 HIT when buying 1 HICT. Those free HIT tokens are subject to a 6 month holding period

Contributors
30%
User Tokens / Registration Bonus
25%
Foundation reserve
20%
Founders & Team
12%
Strategic Partner Tokens
10%
Bounty
3%

Pitch Deck

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Summary/2-Pager

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White Paper

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Terms of token sale

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Get In Touch

More Info

Send us a message if you want additional information about the Health Information Traceability Project

Address:

HIT Foundation
Gotthardstrasse 26
6300 Zug | Switzerland

CHE-382.156.242

eMail: info@hit.foundation