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It is no secret that cryptocurrencies have created a boom in the financial market in recent years. There are many success stories of people who have invested in these virtual currencies and who even make a living out of it. However, the specific topic of this article is ICOs, and we are going to see what they are all about and how they relate to health..
What are ICOs - investment to focus on health?
Well, you already know that it has to do with cryptocurrencies, those virtual currencies that have value in beneficiary money and that are encrypted in a blockchain system. But what is an ICO, what role does it play in this whole system?
You can imagine that creating all this software, maintaining it, advertising it, designing web pages and social networks is a big job, and requires both well-trained people and materials and tools (paid advertising, web domain, among others). How to get all this?
To avoid falling into the clutches of banks, speculative investors or mortgaging your home, the following were created ICOs. It is an idea borrowed from IPOs, which is when a new store or company of any kind goes public for interested parties to invest money in it by buying shares.
In ICOs it's a little different. The product or service has not yet been launched and, instead of shares that pledge part of the company, what you get in exchange for your investment are tokens. These you can exchange for other tokens, for cryptocurrencies, fiat money or use them within the ICO ecosystem, depending on their nature.
What do ICOs have to do with health?
Blockchain systems should seek solutions to existing problems. Many blockchain developers have realized this and intend to do their bit in this world.
What health ICOs are there?
The truth is that there are quite a few, because, apparently, ICOs and the whole blockchain world are all the rage. However, I collected the ICOs that have the best rankings on icobench.com.
- BEAT investment to focus on health
Every living creature on Earth has an average of one billion heartbeats in its lifetime. Humans managed to almost double this with nutritional and medical advances. And sports. Beat for beat. What if you could turn the ‘burdens’ of sports with every heartbeat into rewards?
Billions in sponsorship money are expected to be spent on the target. Apps, smart watches, records, digital ecosystems, fitness studios and trainers to measure and verify sports activity are already here.
Imagine a platform where sponsors can reward you with goods, services or even money based on agreed contractual targets, with the ease of their fingertips. Sponsors in return benefit from verified and immutable health and activity data. Shared and controlled solely by you. Impossible?
They are developing the missing link: BEAT - where blockchain meets sports.
- Lympo investment to focus on health
With the help of blockchain technology, at Lympo they intend to effectively monetize the vital data that is collected through the ledger system. We go a step further by enabling relevant parties, such as health insurance companies, fitness apps, employers and gyms, to access the information and personalize products for users.
- TrustedHealth investment to focus on health
TrustedHealth is a patient-driven, physician-led cooperative focused on life-threatening diseases. Its goal is to obtain the best methodologies to deliver better health outcomes for patients and ensure they are accessible to patients around the world.
- CareX investment to focus on health
CareX is a blockchain platform on Ethereum that links security and transparency to healthcare. A tokenized currency (CARE) can be used on the CareX platform for buying and selling healthcare services. Substantial benefits for patients, providers and suppliers.
Keep in mind that ICOs are considered a high-risk investment, so do all the research and consult a relevant professional before deciding on one.
