Press release
Future Currency of Health, HIT Foundation STO Begins 19th June 2019
Future Currency of Health, HIT Foundation STO Begins 19th June 2019
“ HIT Foundation enables healthcare stakeholders to acquire data from individuals to improve treatments and eliminate inefficiencies as well as to save them time and costs,” said Dr. Eberhard Scheuer, Chairman and Founder of HIT Foundation. He added, “Tokenizing health data is a revolutionary way to motivate individuals to digitize and share their data.”
STO
HIT Foundation have announced Security Token Offering (STO) will be held on their own website, where participants will be able to purchase HITC tokens. In preparation for the STO, HIT Foundation completed a rigorous evaluation process that included comprehensive compliance and regulatory reviews.
The HIT contributor tokens (HITC) are issued and sold to investors/contributors to build and run the platform (asset token). HITC owners thereby gain the right to receive a share of a 5% transaction fee that is collected from the information seekers and will be divided equally among all HITC tokens.
The STO will officially start at 00:00 CEST on Monday, June 17th.
“The distributed architecture of HIT allows for a secure and anonymous matching between information seekers and individuals who can provide the necessary information without the need of a central database and intermediaries,” said Vega Paithankar, CTO of HIT Foundation. He added, “Filtering is done only on the device/app to ensure user privacy.”
The HIT platform boasts a sophisticated token economy, and a working product, as well as a unique architecture that allows off-chain data to remain with the individual user while a matching according to the individual’s data can be made. Contrary to most health data exchange projects the HIT platform is a decentralized application and does not store any data. Therefore rapid global expansion and compliance with regional data protection laws are ensured.
About HIT Foundation
HIT Foundation matches people seeking health information with those who provide it through a decentralized marketplace. Health information is tokenized and thereby converted into the healthcare currency of the future
About NEM
HIT Foundation is the first healthcare solution being directly supported by and built on NEM (http://nem.io). NEM allows for high scalability and low transaction costs. Use cases are to be predominantly built on public blockchains albeit hybrid solutions can be offered in accordance with local laws and jurisdictions
HIT Foundation
Gotthardstrasse 26
6300 Zug | Switzerland
To sign up, visit: https://hit.foundation/token-offering/
For more information, visit the website: https://hit.foundation
Join the conversation on Twitter: https://twitter.com/FoundationHit
Chat on Telegram: https://web.telegram.org/#/im?p=@hitfoundation
Check out the News: https://hit.foundation/news/
Connect to the team via Linkedin: https://www.linkedin.com/company/27122789
Media Contact Details
Contact Name: Isaac Chan
Contact Email: ic@hit.foundation
About HIT Foundation
HIT Foundation matches people seeking health information with those who provide it through a decentralized marketplace. Health information is tokenized and thereby converted into the healthcare currency of the future
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Future Currency of Health, HIT Foundation STO Begins 19th June 2019 here
News-ID: 1779690 • Views: 483
More Releases for STO
IWS FinTech Expand Security Token Offering (STO) Services into Different Milesto …
Singapore (15 March 2022) - IWS FinTech, an award winning and fast-growing start-up specialising in disruptive technologies such as blockchain and fintech, recently expanded one of their services into different milestones, demonstrating their commitment to innovation.
Security Token Offerings (STOs) are a new approach for start-ups and established businesses to raise funding. They are more secure than traditional initial coin offerings (ICOs) due to lower costs, improved security, more liquidity, and…
E-Commerce in Parcel Delivery Market Next Big Thing | STO Express, DHL, LSO
The Global E-Commerce in Parcel Delivery Market Report assesses developments relevant to the insurance industry and identifies key risks and vulnerabilities for the E-Commerce in Parcel Delivery Industry to make stakeholders aware with current and future scenarios. To derive complete assessment and market estimates a wide list of Insurers, aggregators, agency were considered in the coverage; Some of the top players profiled are OnTrac, Spee Dee Delivery Service, JD.com, STO…
KEEPP announces blockchain based equity-token crowdfunding (STO)
Keepp – a share company, registered in Latvia is announcing plans for equity crowdfunding campaign assisted by technology and compliance provider Fintelum (https://fintelum.com). In the unprecedented fundraise, Keepp will be issuing a security token on the Ethereum blockchain, representing the share ownership
The EU-based business Keepp (keepp.eu) aims to scale market-proven network of short- and long-term self-service storage facilities. In the first phase, the project plans to develop across Riga, Latvia.…
VINX Coin STO Launch
Vinito Capital Management releases VINX, its first fine wine and vineyard backed STO coin
A fine wine and vineyard investment company launches an asset backed Ethereum cryptocurrency token.
Monte Carlo; Today, Vinito Capital Management (VCM), a fine wine and vineyard investment company, is announcing the release of its first Security Token Offering (STO) coin called VINX, backed by assets worth EUR32 million. With this coin, investors can now purchase VCM shares on…
Will 2019 be the year of the STO?
Disclaimer: Article inspired from InWara. This is not financial advice.
STO: Security Token Offering
Security token offering (STO) is a fundraising tool similar to an ICO, but with certain regulations that hold the token issuers accountable for their actions.
The relatively quick success of ICOs has established them as a viable method of crowdfunding. While ICOs have helped a lot of startups raise a great deal of money, the fundraising method also paved…
Global Mortar market 2017 - Materis, Sika, Henkel, Mapei, Sto, Ardex, BASF, Baum …
Apex Market Reports, recently published a detailed market research study focused on the "Mortar Market" across the global, regional and country level. The report provides 360° analysis of "Mortar Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Mortar industry, and estimates the future trend of Mortar market on the basis of…
