FAQs
Who can enter the waitlist?
Currently only US residents with active health records at a US health institution may enter the waitlist. If you are not a US resident or do not have health records associated with your information, we will remove you from the waitlist. Entering the waitlist reserves your spot, but you will only have rights to your token if we can pull your US health records. Ineligible users may still participate through purchase of the token on crypto markets, but will not be able to earn any through the data staking mechanism.
What will you do with my health data?
The waitlist will not require you to share any health data, just sign up to do so in the future. We plan to aggregate all of Health X Change member health data and anonymize this dataset. We then will use this dataset to better understand mechanisms of various disease. For example, if enough people share their genome, we can tell what genes are correlated with diseases like diabetes. We can then use this information to create drugs or partner with pharma manufacturers to conduct pharmaceutical R&D.
How will the token system work?
There will be an initial minting of 250M tokens, with an absolute cap of 1B tokens. Users can earn tokens at a predetermined annual rate based on the types of data they share (ie. health data, genomics, health surveys etc.). Tokens can be used to bid on portions of drug royalties generated from pharma partnerships. Tokens also can be staked, used to make investments into small pharma companies, and pay for drugs created using the Health X Change system. For more information please read our whitepaper.
When will we get our tokens?
We are just launching our project and will have a better sense of timelines once our community grows large enough (roughly ~25,000 on the waitlist). It is tough to estimate, but if we get enough traction, we may ICO as early as late 2023. Tokens for users registered on our waitlist will be airdropped during ICO, and early users will be airdropped additional tokens. The tokenomics is designed to heavily reward early adopters.