HeartBit ICO review
This is a different kind of ICO , as they already have the final product, and they are working to transfer the data on the blockchain and create the tokens.
A cardiovascular disease (CVD) involves heart and blood vessels problems. The most common is the coronary heart disease (CHD), when the coronary arteries become narrow and rigid restricting the blood flow towards the heart. It is also called Ischemic heart disease. Another common disease is stroke, when the arteries supplying blood to the brain become blocked, reducing the blood flow. Most of the CVD are related to the atherosclerosis (the build-up of the plaque on the wall of the arteries, gradually obstructing the blood flow due to the narrowing of the arteries). We can also mention here the not-so-common diseases such as heart failure, cardiomyopathy (heart muscle disease), heart valve problems and arrhythmia. Regarding the cardiovascular diseases, the leading cause of death in the high income countries is CHD, while in the low income countries the infections are the major cause of death. Highest rates of death by CHD are found in Eastern Europe, while the lowest rate is in France and Japan. The substantial increase in Coronary heart disease in Eastern Europe has been linked to tobacco use, dietary behaviors, alcohol use and poor medical care. HeartBit is the world first device capable of stress ECG monitoring, available in a comfortable wearable format that fits their training top (made of high quality fabrics with moisture control).
HeartBit Fitness is a 3-lead 5-sensor ECG system integrated into a flexible silicon chest strap, a compact measurement device able to provide laboratory level heart muscle analysis. The device is capable of recording and assessing real time medical grade ECG allowing early detection of arrhythmia, atrial fibrillation and many other potential anomalies. It can be fit into a HeartBit training top, designated for active elite athletes that are training of regular basis. The tops are available in any size, four colors and are made from breathable, moisture control fabrics. Another product offered by the same company is the Power Bank Apple I-watch band, that will recharge your watch during long days off. There is already an app for Android (on Google Play store) and for IoS (on Appstore). You can build a social network, compete with friends, use a gamification of your running sessions for better results and send the cardiac report to your doctor with just one click.
The device has multiple interesting features:
- AI learning powered by IBM Watson, IBM being one of their strategic partners;
- real time data tracking;
- risk analysis algorithm;
- tailored training plans;
- high-frequency measurement with a sampling rate of 2000 Hz per electrode and 6000 data points per seconds;
- accuracy -separation of noise disturbance for the heart and the outside environment;
- environment sensor to detect the ten most dangerous gases.
The token usage is also an asset for this ICO, the HBIT token is an utility token with no dividends, no voting rights, no passive profit or company representation. The HBIT token is not an investment, but a fully functional utility token designed for use on and with HeartBit products, services and platforms. It is also a safely and secure storage of sensible medical data relevant to its customers and their fitness activity on the blockchain. Can be used for premium subscription to help you reach your goals, and can be used in the Reward Pool Programs via donations, to get HBIT within the app based on a milestones/goals system. You can opt-in anonymously to share your health data with medical research companies.
The token generated event will have a private sale of 5.25 millions USD with 30% discount, where 30 millions tokens will be offered at the price of 0.17 cent USD. Then a pre-sale of 8 millions USD, with 20% discount, where 40 millions tokens will be offered at the price of 0.2 cent USD. In the end, they will have a public sale of 17.5 millions USD, with no discount, where 70 millions tokens will be offered at a price of 0.25 cent USD.
Token allocation, as it can be seen in the following picture, is:
- 70% allocated supply;
- 5% advisers tokens and bounties;
- 5% liquidity reserve;
- 205 partners equity reserve.
According to the White Paper, the Road Map will have the following timelines:
- Q3 2018 -active testing and engagement with medical specialists, production optimization, token generation event;
- Q4 2018 -online web-shop, building sales and marketing team, active testing and engagement with medical specialists, first production of the initial inventory;
- Q1 2019 -sign up with key distribution partners in Europe and Australia, case studies release, implementation of the blockchain platform, blockchain data storage implementation, attendance of ISBO Munich trade event.
- Q2 2019 -European and Australian roadshow, case studies release, running events in Europe and Australia, case studies release, attendance of FIBO Cologne event;
- Q3 2019 -European and Australian roadshow, case studies release, running events in Europe and Australia, case studies release,attendance of the Brisbane Fitness Show;
- Q4 2019 -European and Australian roadshow, case studies release, running events in Europe and Australia, case studies release,, attendance of Melbourne Fitness Show, application for FDA regulatory.
With an interesting and original approach, this project will offer clear advantages to each person in need to monitor her/his heart closely.
(Disclaimer: This article was created in exchange for a potential token reward through BountyOx. BountyOx username: Heruvim78)