CryptoHealth - Tokenized Healthcare via Blockchain
  • !!! Under Construction !!!
  • 📚Introduction
  • 🪙The CryptoHealth Token
    • The CHT (BEP-20) Token
      • Smart Contract
      • Tokenomics
      • Trading Fees
      • Safety Features and Audit
      • Custom Functions
      • Supporting Tokens
    • Multichain CHT
      • Pre-Requisites for Launch
      • EVM Chains
      • CryptoHealth (ETH)
      • Benefits of Multichain
      • Tokenomics and Fees
      • Smart Contract Addresses
      • Diamond Hand Airdrop
  • 🏥CryptoHealth Medical Insurance
    • Team Functions
    • The CryptoHealth Treasury
      • Treasury Addresses
      • The Reserve Pools
        • CHT Reserve Pool
        • Native Chain Token Pool
        • Stablecoin Reserve Pool
        • LP Token Reserve Pool
        • Investment Reserve Pool
      • Ensuring Pool Sustainability
    • The CryptoHealth Policy
      • Introduction to Insurance
      • Advantages of CHT
      • Benefits Computation
        • 📋Initial Claims Computation
          • Limit 1: Token Value Based on Multipliers
          • Limit 2: Ceiling Amount based on Hold Period
          • Limit 3: Hospital Bill During Admission
          • Limit 4: Value Locked in Reimbursement Pool
        • ⏫Final Claims Computation
          • Seed Edition NFTs
          • Founder Edition NFTs
          • Medical NFTs
          • Support Token Bonus
          • Partner Project Bonus
          • Multichain Bonus
      • Claiming For Reimbursement
        • Eligibility and Coverage
        • Verification Process
          • Proof of Wallet Ownership
          • Proof of Hospitalization
            • Special Considerations
          • Proof of Identity
          • Username Generation
          • Video Chat Verification
        • Claims Processing
          • Payment of Claims
          • Wallet Tagging
        • Important Policy Reminders
    • Claims Calculation
      • Table of Estimates
      • Sample Computations
      • Google Sheet Calculator
  • 🎯Development Roadmap
    • Health and Blockchain
      • Vision Statement
      • Mission Statement
      • Tokenization of Healthcare
    • Development Phases
      • CHT as a Token
      • CHT as a Portfolio
        • Support Tokens
        • CryptoHealth NFT
          • The CHT Healthies
          • The CHT Sicklies
          • The CHT Kiddies
          • The CHT Preggies
          • The CHT Oldies
      • CHT as a Service
        • CryptoHealth Clinics
        • Health Facility Donations
        • Medical Scholarships and Research Grants
        • Health Service Subscription
      • CHT as an Institution
        • The CryptoHealth LLC
        • One Health Initiatives
        • Group Crypto Medical Insurance Policies
        • Health Service Crypto Payment System
        • CryptoHealth Blockchain Development
    • The CryptoHealth DAO
      • CryptoHealth (ERC-20)
      • The ETH Treasury
    • Marketing Plans
      • Health Information Education Advocacies
    • Partnership Terms
      • Scope and Limitations
      • The Super Healthies Partnership
      • HODL Buddy Tokens
      • Partner NFTs as Boosters
      • Partner NFTs as Insurance
  • ❓About the Project
    • The CryptoHealth Team
      • Project Founder
      • Advisors
      • Scaling and Expansion
    • Project Wallets
    • CryptoHealth Community
    • Important Links
  • 💸How to Buy CryptoHealth
    • Crypto Ownership 101
      • Cryptocurrency Wallets
      • The Seed Phrase
      • Blockchain Explorers
      • Transferring Tokens
      • Connecting to dApps
      • Responsible Ownership
    • Transacting on the DEX
      • Buying CHT Tokens
      • Generating LP Tokens
      • Selling CHT Tokens
    • Buying Using Third Parties
      • Using the Embr Ramp
      • Using Other Websites
    • Buying Peer-To-Peer
      • Payment thru PayPal
      • Purchasing CHT thru Other Insurance Brokers
  • 📓Important Disclaimers
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On this page
  1. CryptoHealth Medical Insurance
  2. The CryptoHealth Policy
  3. Benefits Computation
  4. Initial Claims Computation

Limit 1: Token Value Based on Multipliers

The 1st limit pegs an address' CryptoHealth holdings to a value that depends on how its held tokens without selling nor transferring, or had LP tokens paired without unpairing. It is computed using the following formula:

Limit 1 = USD Value of Holdings X Multiplier

Multipliers for each HODL period is as follows:

HODL Period
Multiplier

1.5 months**

0.25

3 months

0.5

6 months

1

12 months

2

18 months

3

24 months

5

36 months

8

48 months**

15

60 months**

18

Multipliers for 48 and 60 months only apply to CHT deployed in the BNB Chain and require HODLing the necessary BEP-20 Support Token in the same address, for a minimum of 3 years.

However, perpetually HODL at least 1 governance token for a minimum of 1 year (to be released in ETH) in the same address for the following perks:

  1. Decrease Support Token HODL requirements from 3 Years to 1 Year from date of discharge

  2. Allow access to higher multipliers for claims filed to Treasuries outside the BNB Chain

  3. Allow earlier claims of as fast as 1.5 months of HODLing

The Multiplier System was made to protect holders HODLing for insurance for the volatile nature of cryptocurrency. By giving multipliers, long term holders of CHT and the necessary [Support Token] can claim for an amount that can offset acquired losses, or place them in profit once they file for a claim - assuming that the other Limits allow for such claims.

Sample Limit Computation:

Holder buys CHT worth 50 USD at a 30,000 USD market cap. Assuming a medically insuranble event occurs after 3 years of HODL, during claims computation:

a. If market cap stays the same at 30,000 USD, Limit 1 will be 400 USD

b. If market cap increased to 150,000 USD, Limit 1 will be 2,000 USD

c. If market cap decreased to 15,000 USD, Limit 1 will be 200 USD

d. Allow increased limits for the Hospital Bill Requirement

Assuming a medically insurable event occurs after 5 years of HODL, during claims computation:

a. At a 6,000 USD market cap, holder without [Support Token] gets a Limit 1 of 80 USD

b. At a 6,000 USD market cap, holder with [Support Token] gets a Limit 1 of 180 USD

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Last updated 1 year ago

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