In just over two weeks the Initial Coin Offering (ICO) for WELL will take place, marking the introduction of a unique cryptocurrency on the market. WELL is specifically geared toward increasing the globalization of medical services and bridging the healthcare gaps created by natural geography and international borders.
Working underneath the new coin will be the WELL healthcare platform which is designed to help sick people all over the world find the health care professionals that they need, regardless of where they are located. Patients will visit with doctors via video chat and doctors will make diagnoses, recommend treatments, and even monitor the medical progress of their patients without ever meeting with them face to face. The introduction of this platform means that even those people living in the most remote parts of the world will be able to access world-class medical care without realizing the enormous costs associated with international travel and capitalized health care.
The WELL currency will act mainly as a tool for stabilizing and standardizing medical care costs around the world, but it will also operate as an incentive for both doctors and patients. Part of the mandate of WELL is to reward patients who are able to accomplish certain measurable health-related related feats such as lowering their BMI or blood pressure. Doctors will be rewarded as well when their patients improve their health in a measurable way. This is probably the most interesting aspect of the WELL Initial Coin Offering as it proposes a system of health care incentives not previously used in mainstream biomedicine.
Technical Details of the WELL Cryptocurrency
WELL is an Ethereum based cryptocurrency that has already completed a private funding round to the tune of $3,000,000. The official ICO date of the coin is April 16th, 2018 and, in total, 1,500,000,000 coins will be released once the entire stock has been mined. The cost of a single WELL coin during the initial ICO will be 10 cents USD and the minimum investment is $1,000. If you are interested in reading more about WELL, as well as its technicals and objectives, we suggest that you read their white paper.