Dear KuCoin Users,
KuCoin is extremely proud to announce yet another great project coming to our trading platform. Solve.Care(SOLVE) is now available on KuCoin. The supported trading pair is SOLVE/BTC
Please take note of the following schedule:
Deposits Effective Immediately
Buying order: 17:30 Feb 2, 2019 (UTC+8)
Selling order: 18:00 Feb 2, 2019 (UTC+8)
Withdrawal: 20:00 Feb 2, 2019 (UTC+8)
Solve.Care is a project that is focused on the healthcare industry. It utilizes blockchain in order to significantly reduce administration costs. As such, it unites all the stakeholders into a single, decentralized ecosystem and reduces the burden of doctors to fill in the required paperwork, allowing them to focus on delivering their service.
The project features a dual token system, where the Care.Coin is used for administrative costs, while the SOLVE token is used for participation in the project’s ecosystem. CEO of the company spent more 26 years in healthcare IT. Advisory board includes strong advisors with deep domain expertise as a congressman of the US James Moran, Karen Bowling – the former Cabinet Secretary of the West Virginia Department of Health and Human Resources, former Pentagon’s deputy CIO Paul Brubaker.
The Solve.Care Foundation is registered in Estonia. Solve.Care Foundation acquired Ukrainian development company UkrSoft in 2017 and CEO invested his own money to found the Solve.Care company. The hard cap of the project amounted to USD 20 million, and the team raised 100% of it. In terms of the system, it is fully decentralized, as each participant could engage directly with the relevant counterparty, and the information flow does not go through a single point.
The product is already live and available in 80 countries worldwide. Solve.Care has the leading Accountable Care Organization in the US as a client.
Solve.Care is the first company which utilizes a digital currency and blockchain technology in healthcare for the value-based payments.
The business model of the company is focused on reducing the administrative costs of the healthcare industry, which could amount up to 30% of the total healthcare spending. The project targets all the stakeholders (including individuals, doctors and care providers, employers, insurers, developers, service providers, government agencies, administrators and brokers). All the information each stakeholder needs would be available through the Solve.Care platform, which is decentralized in nature. Solve.Care utilizes a dual-coin system: Care.Coin and Solve tokens. The former is pegged to fiat currencies, is backed by reserves and is not tradeable. However, it is used for Care Administration Network payments. The latter is an ERC-20 token, is tradeable on exchanges and is used for participating in the project's economy.
The technical description features an explanation of the platform's architecture, the protocol design, the data model and the wallet services. All of the issues are presented in moderate detail and provide a good insight into the back-end processes of the project. Special pages are dedicated also for the principles, based on which the technical architecture is built. Overall, the team appears to have presented, in detail, each of the components that are forming the complete ecosystem.
Legal & Disclaimers Description
There is a dedicated section on the company's website which displays all Legal information and Disclaimers in a single place. The paper features a Token Sale Agreement, US Buyer Addendum, Addendum, Terms and Conditions, Financial Disclosure, AML Policy, and FAQ. In the whitepaper, there are several pages that refer to some legal content, but the set of documentation available on the website forms far better coverage of this matter and informs the community in detail for all important aspects.
Team and Advisors Description
The team is presented with photos, occupied positions, links to their LinkedIn accounts and short summaries of their background. The full picture of the team and advisors behind the project can be perceived if both whitepaper and website are analyzed together.
Roadmap & Milestones
The roadmap explains the period between Q2 of 2018 to Q2 of 2020. The milestones illustrate the release of new features and provide some detail into the way the project will be developed.
Team And Advisors
Pradeep Goel has over 26 years of experience in healthcare IT. Throughout his career, Mr. Goel has built 4 healthcare IT companies which have been included to lists of INC500 fastest growing companies multiple times. Previously he has occupied CIO positions at Blue Cross Blue Shield – the biggest insurance company in the US.
Vadym Vorobiov – CTO
Mr. Vorobiov has specialized in Cybernetics. He began his career as a Software Developer and, two years later, he switched companies where he was hired as a Senior Developer and Production Manager. Three years afterward, the CTO was hired at EngagePoint Inc, where he achieved a Ukraine Development Chief position.
Ed Odjaghian – Head of Client Solution Delivery
Ed holds a Master's degree in Computer engineering from Northeast University. Throughout the years, Ed has gathered extensive experience in his area of expertise. His career highlights include Senior VP of Operations & Software Engineering at Dakota Imaging, COO and Executive VP at ProfitLine, and Senior VP at EngagePoint.
Mariya Ozadovskaya – Manager of Marketing and Strategy
Mariya has graduated with a Master's degree in International Business Management and has completed an executive education for leadership from Columbia Business School. She began her career as a Marketing and Communications Specialist at AXA Ukraine and later was promoted to a Brand and PR Manager. Prior to joining Solve.Care, Mariya worked as an International PR Manager.
Team Skills, Experience, and Structure
The team possesses a wide array of skills including dev, blockchain, marketing, and business abilities, which are well-balanced among the team members.
Advisors Background, Experience and Community Feedback
Advisory board includes eighteen strong advisors with deep domain expertise as a congressman of the US James Moran, Karen Bowling – the former Cabinet Secretary of the West Virginia Department of Health and Human Resources, former Pentagon’s deputy CIO Paul Brubaker, and others. They are experienced in their area of expertise to contribute to the project development.
Venture Capitals, Hedge Funds, and Other Investors
Company raised $3M from team members, VC’s and clients.
They have Ambisafe, ARPI, Juscutum Attorneys Association, Blockchain Council, and Dinocrates as partners and a big client – Arizona Care Network.
Speed of Selling out the ICO
Hard Cap Amount
Type of Blockchain Technology
The platform is built on the Ethereum network. It strives to facilitate the interactions between various stakeholders in one ecosystem in the field of healthcare. Thanks to utilizing blockchain technology and, in particular, smart contracts and their capabilities, Solve.Care will open the door for a quick and efficient process of exchanging important information with the necessary level of security between individuals, doctors and care providers, employers, insurers, benefit administrators and governments.
Tokens Sold on Public Sale
The project was successful in collecting 100% of its fundraising goal.
The community sentiment is mostly positive.
Technology & Development
Product Development Progress
The product is already live, two working mobile applications are available for using. The first – Care.Wallet for Physicians – was released for 5,500+ physicians of Arizona Care Network.
And the second – Care.Wallet for Family – is able-to-get on App Store and Google Play in 80 countries.
Blockchain Technology Usage and Innovation
The primal usage of the blockchain technology is its ability to reduce transaction costs. However, further benefits include the decentralization of the information and increased privacy. Thanks to the utilization of blockchain technology, a lot of aspects will be optimized. This is the main reason why costs can be reduced.
Dependencies to Third Party Platform or Service
As the project is built on the Ethereum system, it is dependent on the network's risks.
Risk Warning: The cryptocurrency market is available worldwide 24/7 for trading with no market opening or closing times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin screens all tokens before they come to the market; however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for user’s investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice.
We sincerely appreciate your support and understanding, we hope this information proves useful to all users and potential investors.
The KuCoin Team.