Today I will cover the Initial Coin Offering of the Bowhead Health, the project that wants to enter the market of customizable healthcare.
Team consists of medical doctors, biochemistry and data scientists, software and robotics engineers, designers and wellness coaches.
Dr. Rhea Mehta, Bowhead Health CEO, is a molecular toxicologist and nutritional biochemist and integrative nutrition coach.
Dr. Francisco Diaz-Mitoma, Bowhead Health Chairman, is a certified physician, scientist and cofounder of Variation Biotechnologies (NASDAQ: VBIV).
Saúl Ibaven Bueno, Bowhead Health CTO, is a robotics engineer who previously won the Latin American Robotics Championship in 2013.
Francisco Diaz-Mitoma Jr., Bowhead Health Head of Product, is a software architect with over 15 years of experience building scalable online technology products.
David Bueno, Bowhead Health Head of Manufacturing, is currently the COO of Plasticos Arcoiris, a design and manufacturing firm for the pharmaceutical and consumer products space with over 600 employees and a certified FDA-approved facility.
Bowhead Health will create a medical instrument, which does real-time tests in a smart dispenser. Very futuristic-looking project but it needs time to prove itself.
Bowhead Health project aims at solving the multiple health care problems. First of all, the products are centered on preventing diseases. Secondly, there is a serious lack of access to healthcare services in many parts of the world. Thirdly, they try to solve the problem of control of patients’ data, because now patients do not have proper ability to manage their own medical data.
Project is tapping into the market of healthcare, market of medical diagnostics, and market of personal wellness. BTW, here is my take on healthcare spending. The wealthier the nation, the more it spends on healthcare. So, the first markets they are going to cover are in developed nations.
Users of Bowhead Health test dispenser will be able to sell their tests to research institutes and receive tokens for doing this.
The project has 4 products currently in development: test reader & dispensing device, test cartridge, spherical gels, mobile app
Leasing user health data brings 70% of all earnings to users, and 30% to tokenholders. BTC, ETH and ATH will be used as currencies in the Bowhead Health ecosystem.
To comply with regulations, the project will use its own nodes with Amazon Web Services HIPAA compliant technology provider.
Customizable healthcare is becoming more popular among developed nations. Bowhead Health wants to participate in this growing market.
Bowhead Health is entering the huge market of healthcare and medical diagnostics. This market is booming in developed nations.
For example, Digital health market is forecasted to grow from $96bln to $206bln from 2016-2020.
Main competitors of Bowhead Health are: Hero Health, Pillo, Line Health, Tespo, Doctor on Demand, Cue.me. The team has made a very cool table where it compared Bowhead Health with all possible competitors. Be sure to check it out and tell me what you think. I would like if ICO projects all included comparisons with other projects in their whitepaper, it helps with understanding the current market.
Currently, there is no close competitor of Bowhead Health, they have unique product.
If the product will be recognized as cheaper and better solution to do medical tests, I expect Bowhead Health to become successful.
The project plans to start with offering its products in developed markets.
The profit generation comes from the appreciation of the AHT tokens and the distribution of tokens to tokenholders.
AHT tokenholders will receive 30% of BTC/ETH/ATH during payouts.
It it crucial for Bowhead Health products to become successful to make AHT more valuable.
The project expects anonymized health data transfer to become the biggest contributor to price rise.
Over time it will be more difficult to earn AHT, so the price should rise with the increase of human health data depth.
Social media accounts of Bowhead Health: on Slack there are more than 600 members, Twitter close to 800, Facebook +700.
Bowhead Health have working prototypes. To be compliant with US laws, it needs its own blockchain.
Bowhead Health has patents pending for its product line. And they plan to soon start the process of FDA approval.
What about the product line? It includes: Test Cartridge, which is developed by Bowhead FDA approved partner, test reader, they already have working prototype, spherical gels with supplementation for dispensing device, and mobile application.
What tests could be done with Bowhead Health? Vitamin D, Cortisol, Malaria, Sex Hormones, Tuberculosis.
Crowdsale favors early contributors and will provide them with a bonus during ICO. Majority of tokens will be held by Bowhead Health.
ICO has already started on 17th of July.
40% of AHT tokens will be distributed to investors, 40% will be used in AHT fund, and 20% will be distributed to team.
Early investors will be rewarded with bonuses on the early stages of ICO.
AHT ecosystem has small inflation. The number is still not known.
Later, the tokenholders will be transferred from Waves to the blockchain of Bowhead Health.
55% proceeds will be used in development, 26% operations, 14% Marketing, 5% Legal.
What are advantages?
• Team has extensive experience in the industries of their product
• Working prototype and patents
• Growing market and very interesting idea
What are disadvantages?
• Test kits are still costly
• Hard to gain market share on the market
• Limited range of available diagnostics