Pre-Requisites for Launch
Last updated
Last updated
CryptoHealth hopes to launch as a multi-chain token on other EVM Chains between 2024 to 2026, provided that 2 of the following conditions are met:
Maintain CHT (BEP-20) at a stable 100,000 USD market cap for at least 6 months,
A 100,000 USD market cap allows the Treasury to afford paying at least 200 USD for eligible claims filed by the #healthies. Having funds available for payment of claims ensures confidence for future holders who wish to HODL for insurance. Review claims computation process by clicking .
Maintain a Treasury TVL of a minimum 20,000 USD,
A Treasury TVL of 20,000 USD allows the Treasury to afford paying at least 200 USD for eligible claims filed by the #healthies. Having funds available for payment of claims ensures confidence for future holders who wish to HODL for insurance. Review claims computation process by clicking .
Project is able to process and provide claims for at least 3 events,
The project's health insurance utility will take some time to become fully realized since the initial claimable event is limited to being admitted at a hospital for a minimum of 48 hours. The chance of such an event happening, coupled with the need for a #healthie to hold the CHT token without selling or transferring tokens (or unpairing LP tokens) is quite low. Being able to process at least 3 claims ensures confidence for future holders who wish to HODL for insurance.
At least 1 slot filled up,
A Super Healthies Slot provides at least 20,000 USD of funds, majority of which will be locked in the Treasury as CHT tokens or LP tokens. A portion of the funds will be used as initial liquidity for the launch of CHT in another EVM Chain. While we were able to grow CHT in BNB Chain from a 250 USD market cap, other CHT tokens will be launched at a higher initial market cap to ensure a better distribution of tokens and limit whaling of the supply at a low price.
At least 2,500 USD worth of the EVM chain's native token is available for the launch
While the initial CHT token launched in BNB started with 250 USD of initial liquidity, all other CHT tokens will be paired with at least 2,500 USD in tokens.