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Other / Beginners & Help / How to avoid a scam
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on: November 21, 2018, 10:54:16 AM
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It has been reported that up to 80% of advertised ICOs turn out to be scams. So, how do investors, especially those who are new to investing or new to cryptocurrency, know how to avoid falling into the hands of these scammers? (source: https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams) Listed below are 3 suggested (but not exhaustive) steps that one can take before making an investment. Hopefully, this will help many of you avoid being scammed. 1. Do your background research: Whitepaper: If you ever think of investing into an ICO, make sure you make your proper due diligence into different areas. Firstly, read thoroughly through the Whitepaper to understand how strong is the company's business proposition. It should be clear and concise with information to the goals, how these will be attained, the timeline, the funding model and token sale to name the most important. If the Whitepaper does not have much to do with the project's main idea, seems vague and poorly thought out with more emphasis on explaining blockchain related concepts, then know that these can be possible signs of fraud. On the contrary, sometimes the Whitepaper can seem utterly well written and refined, but when you look deeper, you will realise that the idea is likely to fail and can hardly be carried out. Additionally, it is always an option to examine the Whitepapers of some of the legitimate ICOs as a point of comparison to the Whitepaper in question (e.g. the level of detail, clarity, topics covered etc.). Any mention of 'guaranteed returns' or specifications of what returns you will get on an investment are big warning signs. In other words, any business idea that puts emphasis on the monetary incentive over and above communicating the strength of the business idea is certainly suspicious. Website: Check if the website gives a clear idea about the core of the project. When a website is looking polished and clean, it is a good sign, but note that even scammers can spend money into great looking websites. So, the key is to examine the quality content provided besides the Whitepaper, such as links to a blog, press materials, videos presenting the team etc. The team: Check the identity and experience of everyone who is involved in the project team, including the developers, and cross check if their identities are verified elsewhere, like in LinkedIn. Examine if the team's background makes sense and adds value to the project. Some scammers use the name of famous blockchain experts as advisors or team members, but these claims are actually fraudulent. Hence, always check the veracity of such claims. 2. Stay suspicious: Before investing into an ICO, take a 'guilty until proven innocent' stance. Don't make any assumptions that a project seems legitimate or sound. Make your research and if something seems off, investigate every inch out of it. For example, you can join the Telegram group, where the ICO has their active community, and ask your questions there. Examine the genuineness of the response you receive. 3. Check rating sites: There are a number of independent sites (e.g. ICObench, ICORating, FoundICO etc.) that help investors to check how legitimate are upcoming ICOs. Some of them give a rating based on the various factors, such as business idea, team or finance model. Other sites help to call out scammy ICOs, such as ICO Alert. We cannot take the information provided on these sites for granted, but it may be worthwhile to see what is their point of view on the project in question. Additionally, it is always an option to check what experts on crypto-related forums online say (e.g. Reddit) about a prospective investment. |
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Alternate cryptocurrencies / Tokens (Altcoins) / [ANN][ICO]⭐️⭐️⭐️HEALTH FX⭐️⭐️⭐️The Future of Healthcare. Smarter.
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on: June 26, 2018, 08:39:56 AM
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Harnessing the power of A.I. Machine Learning and Blockchain to empower everyone with their own medical data, provide optimised practitioner matching, simplify payments and ultimately, reward good health. ⚡SOFT CAP IS ACHIEVED⚡ . Our Whitelist is now officially open.
Sign up now on www.hfxtoken.com to secure your spot in the public Token Sale.
⭐️⭐️⭐️TOP-RATED ICO ⭐️⭐️⭐️  ⭐️⭐️⭐️ABOUT HEALTH FX ⭐️⭐️⭐️ With 8 years of commercial success in the medical industry, the founders recognize the need for a modern technology solution that facilitates optimized patient-practitioner matching, records management, payments and insurance claims.
Blockchain powered smart contracts, combined with a vast network of medical professionals and the deep expertise of the Health FX team will dramatically lower health care costs, improve patient care quality, security and efficiency throughout the industry. Network of 40,000+ doctors across 150 clinics and hospitals globally
Regional reach and captive audience of 120million+ consumers
Digital footprint reaching over 500,000 individuals monthly ⭐️⭐️⭐️CHALLENGES⭐️⭐️⭐️ 1. Complex environmentsToday’s healthcare systems are extremely complex and individually identifying the best possible care options between and within the vast government and private providers continues to increase in difficulty. 2. Expanding knowledge creationThis matrix of complexity is compounded with the vast body of knowledge that exists within the healthcare domain. Publications of medical journals have increased steadily over 40 years, with the rate of increase becoming more pronounced starting approximately in the year 2000 (Source). The ever-increasing volume of evidence makes it difficult for clinicians to maintain a working knowledge of new clinical information. Even after identifying relevant information for a given condition, clinicians and their patients still must ensure that the information is of high quality.
The increasing challenge for practitioners to stay current has resulted in uneven knowledge distribution and that best practice awareness within the medical community can shift rapidly. Choosing the best practitioner is now a point-in-time exercise and the ability to quickly identify healthcare professional options who have appropriate experience, up-to-date knowledge, positive feedback from previous consumers and availability is critical in ensuring the best possible outcomes. 3. Convoluted insurance claims processingFraud within global healthcare systems is rife. Health insurance providers attempt to combat this through multi-modal, time consuming, often manual fraud-detection processes. Many insurance providers also rely on third-party verification services that cost in excess of USD150 per claim review. Ultimately, the need to complete these extensive checks on every claim, in the event that a minority may be fraudulent, results in extended processing times and increased costs. Both of which are passed through to consumers. 4. Rising healthcare costsThe global demand for high quality healthcare continues to rise unabatedly. It is projected that global spending on healthcare will increase from $9.1 trillion in 2017 to $18.3 trillion in 2040 (Source: Institute for Health Metrics and Evaluation(IHME). Financing Global Health Visualization. Seattle, WA: IHME,University of Washington, 2017). 5. Fragmented personal healthcare recordsThe rising body of medical knowledge has led to increased levels of medical specialisation and higher rates of referrals (Source). Studies have also correlated the number of physicians involved in a patients treatment to lower survival rates, with the primary driver being a diminished awareness of medical history (Source: The Fragmentation of U.S. Health Care -- Causes and Solutions. Elhauge ed., Oxford University Press 2010). Most people today will have health records distributed between their family doctors, hospitals, clinics, laboratories and personal health apps. A collective 360 view of an individual’s health and medical history is a critical requirement for effective diagnosis and treatment planning. 6. Medical tourism accessThe Medical Tourism industry is valued at a staggering USD 439 billion, with a projected growth rate of up to 25% year-over-year for the next 10 years. An estimated three to four percent of the world’s population will travel internationally for healthcare and health-related treatment (Source: Mapping the Future of Global Travel and Tourism, 2016. Visa in Partnership with Oxford Economics). Despite the sector of medical tourism growing rapidly, there are two key challenges facing consumers that choose this option of care: (1) payment of services for international providers and (2) receiving pre-approval from domestic health insurance providers is complex and time consuming. ⭐️⭐️⭐️OUR SOLUTION ⭐️⭐️⭐️ Health FX will extend its deep knowledge and wide networks in medical treatment coordination by launching a blockchain enabled platform that connects consumers, healthcare providers and insurance providers.
Uniquely, Health FX will combine the demonstrated capabilities of blockchain together with the power of Artificial Intelligence (A.I.) and Machine Learning. In doing so, the platform will provide both in-time validations and decision-making capabilities together with predictive capabilities. Ultimately, this will improve the lives of all people, globally.
The HFX token will power a real-time service to deliver optimised care, tokenised payments that eliminates cross-border foreign exchange arbitrage, reduced fraud risk and the seamless integration of insurance providers in providing maximum effectiveness, efficiency and peace of mind to all stakeholders. BENEFITS
⭐️Patients own the key to their securely stored medical data, access and share them whenever needed with permission, wherever they may be.
⭐️Optimised practitioner matching for specific needs, based on expertise and validated community reviews.
⭐️Tokenised payment and insurance claims processes completed immediately after treatment, reducing fraud.
⭐️Improved efficiency translates to discounts on medical treatments or rewards for staying healthy. ⭐️⭐️⭐️OUR DIFFERENTIATORS⭐️⭐️⭐️ - 8+years of operational excellence in assisting patients connect to care
- Existing revenues an de-commerce platform, for early HFX integration
- Regional reach and captive audience of 120million+ consumers
- Team members and advisors from regional healthcare leadership
- Accomplished advisors within reputed A.I., financial and crypto investment roles
- Long-standing industry relations and partnerships to expedite HFXToken adoption
- Token offering via existing legal entity, Singapore jurisdiction
- Legal representation by RHT law, advisors to MAS for Q4 2017 crypto guidelines
- KYC/AML/CFT by Comply Advantage
⭐️⭐️⭐️TOKEN ADVANTAGE⭐️⭐️⭐️ Blockchain technology enables several key benefits to the Health FX solution. The unique features of blockchain driven smart contracts allow speed, verification, security and permanence that would be otherwise cost prohibitive to implement with legacy technology. What is the purpose of HFX Token?
Health FX is offering HFX Tokens to the public for future use on the platform.The following is the purpose of the token, to be integrated in the product roadmap:
⭐️A consumptive use token for users to access features within the platform.
⭐️A medium of value exchange allowing providers to invoice their services in HFX Tokens.
⭐️A loyalty token to reward users who participate in the platform, contributed to them when they perform certain activities in the ecosystem.
⭐️A store of value, allowing providers to retain credits in the Health FX platform.
What advantages does HFX Token enable?
⭐️A verifiable method to access discounted services and to transfer value.
⭐️Fair initial distribution and balanced long-term incentives reward those who use and contribute to the ecosystem.
⭐️Creation of a community that believes in the future of better healthcare via an automated and distributed Health FX platform built together for everyone.
What is the use of HFX Tokens?
⭐️Access to AI-driven service matching recommendations
⭐️Internal payment for services between platform stakeholders
⭐️Cross-border payments for healthcare services
⭐️Community incentivisation to develop and enhance the ecosystem
How do we grow demand for HFX Token?
⭐️Health FX will make the HFX Token available on high quality cryptocurrency exchanges within six months of the successful close of the Public Sale.
⭐️Services from healthcare providers on the Health FX Platform will be exchangeable for HFX Tokens and Health FX will exchange fiat for HFX tokens accumulated by healthcare providers. These HFX Tokens will then be offered for purchase via nominated token exchanges and/or via the dedicated token exchange portal.
⭐️As the membership of healthcare providers, insurance providers and consumers continues to grow on the Health FX platform, it is projected that the demand for HFX tokens will increase proportionally. ⭐️⭐️⭐️HEALTH FX PLATFORM & TOKEN USAGE⭐️⭐️⭐️ Health FX Platform
Represents the collective components that comprise of the Health FX Core layer, O -chain Integration layer and the Decentralized layer that enable the capabilities powered by the HFX Token.
Health FX Core Layer
Contains the proprietary modular components required to enable the Consumer journey. Consumers access functionality via an easy-to-use mobile app, available in multiple languages. Service providers can simply connect their existing Customer Relationship Management (CRM), Electronic Medical Records (EMR) and/or Enterprise Resource Planning (ERP) systems through open Application Protocol Interfaces (APIs).
Off-chain Integration Layer
Acting as a communication layer, owned and managed by Health FX, this layer is used to present connectivity and development options which are not needed to be stored on the blockchain, providing an API endpoint to easily access and embed data from the ecosystem via any compatible website or application.
Dezentralized layer
Used to permanently store information on the blockchain and to transparently automate permission-driven data sharing, validated reviews, incentivisation and the payment layer of the ecosystem, while storing larger quantities of data on the InterPlanetary File System (IPFS).  ⭐️⭐️⭐️TOKEN SALE⭐️⭐️⭐️ The HFX Token is a utility token that enables seamless connectivity between clients, healthcare providers and insurance companies on the Health FX platform. Token name: HFX
Total tokens minted: 1 billion HFX
Soft cap: USD 2.8 million
Hard cap: USD 38 million
Tokens on public offering: 650 million HFX
Price of HFX token: USD 0.20
Blockchain: Ethereum (ERC-20)
Currency Accepted: ETH, BTC  Token vestingFounders and team members are fully vested after twelve months with a six month cli . Advisors are fully vested after twelve months with a six month cliff.Token Sale rewardTwo hundred million (200m) HFX Tokens will be used to reward token sale buyers during the sale phases. Allocations will be tiered to purchase times with greater allocations for earlier token purchases. The allocated tokens will be distributed via airdrop within 30 days of the main public sale closing.Referral rewardForty million (40m) HFX Tokens have been allocated to award those who help to promote the Health FX Token Sale. Every whitelist applicant will get apersonalised referral link, and they will receive 2% bonus for every contribution using that link. Plus each contributor will also receive an additional 1% bonus for using a referral link.
For example: one of your friends signs up for the whitelist using your referral link and buys 10,000 HFX Tokens during the Pre-Sale. As a referrer, you will receive an additional 2% * 10,000 = 200 HFX Tokens, plus your friend will get 2% * 10,000 = 200 Bonus Tokens.
Referral reward allocations will be distributed via Airdrop within 30 days of the Main Sale ending. Referral reward tokens will be considered eligible for loyalty rewards and be included in the HODL (Hold On for Dear Life) restriction requirements.
Any remaining referral reward HFX tokens will be allocated to the Reserve pool.Loyalty rewardIn order to provide a stable HFX Token market price in the early months, we will use a combination of extensive vesting for founders, team and advisors, and we reward those token buyers who demonstrate loyalty through HODL (Hold On for Dear Life).Bounty programA Bounty Program supported by the allocation of twenty million (20m) HFX Tokens has been created. Please visit https://hfxtoken.com to view the available bounty campaigns. ⭐️⭐️⭐️MILESTONES⭐️⭐️⭐️ Health FX will deliver capabilities aligned to the value raised through the Token Generation Event. ⭐️⭐️⭐️TEAM⭐️⭐️⭐️ The Health FX team draws extensive experience from healthcare, insurance, finance, legal, regulatory, technology, global start-ups and Fortune 500 executive leadership. ⭐️⭐️⭐️ADVISORS⭐️⭐️⭐️ All our advisors are accomplished within reputed A.I., financial and crypto investment roles. They provide their input to the company in a personal capacity and do not represent their respective firms when providing advisory services. List of Advisors:
Dato Dr. Jacob Thomas President, Association Private Hospitals
Dr Vincent Chia Managing Director, Asian Healthcare Solutions
Ria Hoban Director, APAC Digital Alliances & A.I., Accenture
Dr. Timothy Low Member of the Board, Farrer Park Hospital
Sudi Narasimhan Corporate Director, Bumrungrad Hospital
Dilshaad Ali CEO, Avivo Group
Romeo Lledo President Director, Siloam International Hospitals
Rishi Ramchandi Pioneer Blockchain investor
Adrian Chen COO, Advanced Center of Reproductive Medicine
Laura Nelson Carney Managing Director, AB Bernstein ⭐️⭐️⭐️MORE INFORMATION⭐️⭐️⭐️ Disclaimer: This ANN is not for US and Chinese citizens, US and Chinese citizens will not be able to participate in HFX token sale.
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