Hippocratic Coin functions similar to a savings account. When you have to pay for health care, you can exchange Hippocratic Coin for M-Pesa to make a payment.
Hippocratic Coin’s monetary base and maximum supply is 21 billion, which will be minted over time.
10% of the monetary base will be distributed to Snark Health stakeholders (patients, doctors, employees, partners, founders, and advisors) through the Founders’ Reward. These 2.1 billion Hippocratic Coin will be distributed over the first four years.
10% of the monetary base will be distributed to the Community Fund to support the ecosystem. These 2.1 billion Hippocratic Coin will be distributed over the first ten years.
In the beginning, 50,000 HTC will be created every ten minutes.
Every four years, the rate of HTC being created will halve.
By taking this approach, the Snark Health stakeholders (patients, doctors, employees, partners, founders, and advisors) are incentivized to support Hippocratic Coin, in a consistent and persistent manner, to perform as a store of value for your health. The purpose of the Community Fund is to function as a reserve fund to support the ecosystem.
10% of the monetary base will be distributed to Snark Health stakeholders (patients, doctors, employees, founders and advisors) through the Founders’ Reward. At the end of year 4, there will be a total of 2,100,000,000 HTC that were distributed to the key stakeholders
- Patients 2%
- Doctors 2%
- Employees & partners 2%
- Founders 3%
- Advisors 1%