Stanford educated Kung Fu world champion, Viktor Tabori (co-founder of Etheal) had a motorcycle accident in Thailand and decided to make healthcare more transparent.
Now he is on a good path with his global team and YOU can join the movement!
Blockchain-based incentivized global list of health professionals and content platform, helping patients save $7,000-$50,000 on elective care costs: patients will be able to search for and book specialists from around the world, indexed by their areas of focus and treatment methods, and peer-reviewed in their native language.
The Etheal Trust Score (ETS) will reflect the general reliability of a wallet address. The score is a combination of factors, including how early and well a specific wallet address upvotes important and popular content and how much HEAL token the address owns.
The idea for ETS is based on the “believability score” from Bridgewater Associates - the biggest and most successful hedge fund in the world. Compared to a democracy where the majority decides, or autocracy where a selected minority decides, the believability score fosters idea meritocracy by weighing the votes of how believable the voter is [41]. ETS will be used to weigh upvotes when calculating stakes for the Weekly Contribution Endowment Fund.
The Etheal Rank Score (ERS) will reflect how much total value a user has generated in the ecosystem by, for example, writing useful content, showing up for appointments in time, or getting good reviews. The Etheal Rank will determine what special features an account has access to, like moderating disputes. Each transaction will be recorded in the blockchain with the address of the service provider and user, and encrypted details of the transaction. Both parties can write a review based on each transaction, and open a dispute when necessary. Resolving disputes without external intervention will be incentivized, but when necessary the issue will automatically be forwarded to a committee of moderators. Etheal Trust and Etheal Rank scores of all participants are updated automatically.
Care providers will be able to embed their reviews easily to their personal website with a dedicated review widget and API.
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Blockchain Enthusiast Rated on Jun 1, 2018 Modified on Jun 1, 2018
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The project is bright! Strong, hardworking and very dedicated team. Good perspective blockchain usage. Clear vision. Sustainable marketing and business model
Marketing | Campaign and Community Management Rated on Jul 2, 2018
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I really like this project and the problems that they are trying to solve. As an X Professional athlete that's had several surgeries I know how important it is to make sure you are not only choosing the best doctors, but to also have options. I believe Etheal could become an incredible solution to the healthcare industry. Best of Luck Team.
Investor | Consultant | Blockchain Advisor | NFT Advisor | DeFi | Initial Dex Offering | Play2Earn Games | Metaverse| European Commission Expert Rated on Mar 10, 2018
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I like this idea, and if marketed correctly it could prove to be very popular. The team wrote to me about their latest progress and updates. Congrats and I wish you all the best for this project.
ICO Advisor | ICO Analyst | Blockchain Researcher Rated on Mar 11, 2018
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I like the product and the concept... However not for the blockchain. This is a pure internet play. The internet is still alive and well, I hate to be the blockchain police but "a global list of health professionals can easily be searched and found on the internet. What is the blockchain use case? There is no privacy involved with identifying healthcare professionals. The team is a question mark, however I am giving them credit for having a charismatic CEO who can energize his team and key stakeholders.
Dr. Mihaly KerteszICO team member replied on 22 Jun 2018
Dear Conston,
The blockchain is the soul of our product.
In the past 4 years, we have been working in healthcare, and we see so many fields of healthcare where trust and transparency are missing. And blockchain is a “TRUST TECHNOLOGY“ on the fundamental level.
We bring trust and transparency to one field of healthcare, first: medical tourism, which is currently a $100bn industry with 25% Y-o-Y growth. There are massive hubs, like Thailand with its $4.7bn medical tourism industry and there are countries that specialize in special care. Eg. A lot of patients from the Persian Gulf go to South Korea to get transplantation surgeries.
The problem is how will you find trusted doctor abroad and how can you compare medical care providers across national borders?
The reality is that you will find PAID MARKETING instead of trusted information about care providers.
1) We put doctor reviews on the blockchain because it’s unfair that doctor listing sites delete all the reviews of doctors if they stop paying their astronomical monthly fees. Which can $300 per doctor, and it doesn’t matter how many days the doctor works a month.
2) Also, somebody has to moderate the reviews so that we can use our tokens as proof of stake! If somebody has good account history and owns HEAL tokens, they can have higher rights in moderating reviews.
3) We use our tokens to incentivize patients to write high-quality reviews. A recent Harvard Business Review study concludes that incentives reduce bias in online reviews. Their research confirms that online reviews are over-represented by extraordinarily negative or positive experiences — those experiences that motivate someone to take the time to sit down and write a review. HBR tested an incentive scheme both in the laboratory and in the real world through an online incentive program on Glassdoor. Their findings confirmed Etheal’s working hypothesis:
“Relatively inexpensive incentives…can dramatically reduce bias and encourage more moderate voices to join the online conversation.”
ICO investor, cryto trader Rated on Jun 25, 2018 Modified on Jun 25, 2018
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Not sure on this mainly on lack of clarity on the PR and representations. Numerous PR releases and sites state that Viktor Tabori is Stanford edcuated (inclduing logo on Linkedin) , whereas one of his social sites he states http://picbear.online/media/1741846852922757863_289025814 states
thesved
thesved
May 18 48227925 - 19:36
Just got admitted to Stanford, what a humbling journey! “Dear Viktor Tabori, We are pleased to inform you of your acceptance to The Innovative Health Care Leader program to be held on the Stanford campus”, where I will have the chance to get and provide inspiration, learn together and work with global senior-level executives and policymakers with at least 10 years of experience in healthcare. Participant titles may include hospital CEO, COO, and CFO; academic deans, senior VPs, department chairs, and center directors. I am deeply grateful to be selected. #stayhungrystayfoolish #blockchain #changehealthcare #changetheworldforthebetter
Details of this are https://www.gsb.stanford.edu/exec-ed/programs/innovative-health-care-leader/ so its a one wek course . I feel this is misleading at best and would happily upgrade my review of team if there is more to the Stanford association than this. Also when you link to Prof Bartha he is a Veterinary expert for 17 uears in Hungary so its a bit confusing
The token economics are not good for token buyers in my view, , 20% for founders and team and way less for sale in the general initial round.
Lack of clarity on planned spending . Would like to understand the relationship with the existing company and any arrangemenst for that comapny to provdie ongoing services and at what margin to the newco with the token holders funds.
This looks more like it should be a simple equity 10m raise to keep it clean and easy
Folllowing up on respeonse from company , it stilll looks to me that general sale is low , there are toekns for HODL , not sure I see the benefit here as I assume these will dump when issued so not delay any price movement and it couold also actually been seen as a dividend and security token, exchnages will also not like this at alll as tehy wil assume it will cause a dump. Is the 20m HODL all going to be used or amount pre token cap and if cap what happnes to balance ?
There is a lack of update on LInkedin by participating advisosrs, now I knwo that linkedin is not be all and end all , but it has become one fo the standard quick checks and verificatiosn that someone is actually involved in a project and a poor linkedin profile can raise questiosn. The professor has a good cv but does not present it
I dont agree with your view on teh Stanford association, I have seen 'Stanford educated ' numerous times with a quick google, that to me does not imply a 5 day paid course/meet up
You have not clarified relatiosnships between the exiting company and token issuing going forward and any transfer pricing or costs sharing mechanisms or onwership of IP etc
Dear Paul,
1) Token Economics
39% of tokens are issued for token buyers in the initial general round and 54.3% altogether. Which is almost three times more of the advisor, team and founder tokens COMBINED.
Also, advisors, tokens have 6-months vesting. Team and founders tokens have 3 years vesting with a 1-year cliff.
2) Equity vs. ICO
Decentralization and tokenization make our product significantly better. With simple equity raise we couldn’t reach the following:
A, creating a transparent, global database of doctors
B, making the doctor reviews tamper proof and eliminating any central authority who can delete the reviews
C, incentivizing patients to write high-quality reviews
D, incentivizing the community to make the platform better
3) Professor Dr. Tibor Bartha is a full-time professor of physiology, head of the department and even the vice rector of the 225-year old Veterinary University of Budapest. Besides that Professor Bartha holds the official Harvard Alumnus status as he was a researcher at Harvard Medical School.
4) Viktor studied in a full week on-site course in Palo Alto, California: Executive Education for Healthcare Leaders. We clearly stated the exact course from the beginning (since Viktor got accepted).
Executive Education for Innovative Healthcare Leaders is the most relevant course in Stanford for a healthcare company’s leader & visionary.
Viktor attended the course with the leaders of large hospitals, who manage 1000+ healthcare employees. The fact the Stanford accepted Viktor to this highly selective program is one of the most significant honor and acknowledgment that our project received!
The project has a very strong vision.
It is a pretty large project, but do you possess a prototype?
Also, I am concerned about the following points.
A vague road map. The team is not absent from block chain development experts. Ambiguity of the existence of the evaluator relative to the review. Sparseness of merit for doctors. If the doctor refuses to use the token, will the project collapse?
But the project seems to be tackling the problems we have to solve. I pray for success and dedication.
Great team and impressive vision. Very diverse team and advisory board, with a lot of experience.
Existing product which adds a lot of value to this ICO.
Interesting healthcare disruption opportunity.
I think Etheal can be one of the hottest ICOs of this year.
CBDO LATOKEN exchange| Cryptoinvestor | Advisor | Listing | Networker Rated on May 4, 2018 Modified on Sep 7, 2018
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I'm personally will support the project not only till the end of the bounty but also after the release. Firstly I like the idea of the project, and secondly it has a very attractive system of charging the HODLER reward.
++ Strong team
++ Solid white paper & pitch deck
+ Website is comprehensive but not optimised
-- Not sure Blockchain is absolutely require for the solution but I would believe in vision and team
There's so many different applications that can be used on Healthcare, that it goes without saying how important this is. The issue is adoption as this has to come with a combination from healthcare professionals, individuals and sometimes even governments.
Founder of ICOExpert | Appsmoment | Blockchain Advisor Rated on Jun 2, 2018 Modified on Jun 2, 2018
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In each ICO, it is important to have a good qualified team. Team which is dedicated for a success. And i know for sure that this team is what I mean about that. It was nice to meet them and see how they are dedicated to go to the end till project will be successful. Good team + good advisors + good product!
Award-Winning Author | Tech Entrepreneur | Investor | UN Consultant | Schwarzman Scholar | Senior Blockchain Fellow INSEAD Rated on Apr 17, 2018 Modified on Nov 30, 2018
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Great project, useful, and has a good team! but waiting to see how this really tackles and improves medical tourism in an effective manner. Met the team in Hong Kong.
Investment Manager, Pre-ICO Venture Capital Investor, ICO Advisor Rated on Jun 11, 2018 Modified on Jun 11, 2018
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Looks like a great team with diverse backgrounds and lots of experience. Bringing enough users on the platform will be the challenge of the next 3 years. Therefor a more precisely defined marketing roadmap would be nice, nonetheless it's understandable that they want to keep flexibility at this stage.
Blockchain Investor, Influencer Rated on Jul 6, 2018 Modified on Jul 6, 2018
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Team could be built further - I like the idea and the market is huge in medical tourism - 100bn + Strong positive that the finished product has been working for 4 years.
Early Bitcoin Holder / Ethereum ICO Investor Rated on Jun 13, 2018 Modified on Jun 13, 2018
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I don't think the product is a 10.000.000$ product is just an app and a simple AI. Everyone overestimate an AI these days, they should learn about TensorFlow & other API and will see that isn't that big deal.
The product & vision is awesome, as concept, as idea to help the market of Application. But its tokens will have no real value and I do not see the relevance in this rather then going directly into a crowdfund platform.
I consider that the team is to young and too blinded by their own financial gains rather then really help the world.
I like the idea, but they could use more people in the team and advisory board. this is a good project and I wish the best for it.
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Co-Founder & President at Koinsquare | Marketing Manager at AidCoin | Campaign Success Manager at 200 Crowd | Advisory Board Member Rated on May 10, 2018
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Good team and good vision. Let's see if it will offer value!
Blockchain Believer Rated on Jun 20, 2018 Modified on Jun 20, 2018
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The Team lead sounds amazing. Viktor is a real fighter. Now chosing Ethereum is a bit problematic for me and the product could be run without any dedicated currency. The project flirts with Security when it should be considered as utility.
The idea is creative and ambitious but challenging. There is a product with acceptable traction to show.Team is smart and motivated but lacks experience and track record-
Allowing each medical professional or hospital user rating is a big step forward. And, for many in countries with less reliable medical system this platform can be a savior.
The content monitoring is also quite needed, considering that a lot of health myths are circulating the popular media.
Business Development Manager Rated on Jun 14, 2018
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The team is strong and with a good combo mix of experts and advisors. The vision is interesting and the product - there is already existing projects very similar. Etheal doesn't stand out from the others and from my marketing experience - they need a lot of work tp be done. Wishing you the best of luck.
Feels like the project jumped on the blockchain wagon pure for the sake of being able to use blockchain and attracting money. If the project works out, that's great - but it remains to be seen whether that is the case.
Mikhaly reached out to me on the 22nd of June to address questions I had, but I have yet to receive answers to my q's:
Some questions have come up:
1. It might be a big thing in e.g. Korea or Thailand, but how do you plan on targetting it in Western-Europe. Almost every country here has incredible health care and you get x-amount back per visit to a doctor from your health care insurance. Do you think they will allow people to go with Etheal to find some doctor abroad?
2. I think it might be very limited to local or self-employed doctors. People that are working for a hospital e.g., will probably not be able to link themselves with Etheal due contractual reasons. Do you think this will be a problem? As I believe the most experienced doctors are usually working for academic hospitals (research based).
3. Your roadmap is in my opinion very lacking, it's basic at best. Why don't you have it way more detailed on the site? "Focus on global marketing" - okay that's nice, but how will you achieve that and with what ways?
"Focus on developers and expanding applications." - again, what's this, what are you looking for, how are you planning to achieve this?
4. People with a lot of HEAL tokens have higher rights in moderating reviews, but what is stopping them from taking payments OTC and give a good review to a doctor?
5. What do you need $10M for?
6. I see a lot of advisors, but not many "real" ICO advisors - why's that?
Managing Partner, Usetech.com Rated on Jun 18, 2018 Modified on Jun 18, 2018
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Agree with Conston - this is an internet play, very little value from blockchain except for fundraising. Team is filled with advisors, but I see only marketing people doing actual work. Very competitive field (medical tourism), so lots of risks and blockchain won't help, for now.
Blockchain and Fintech investment advisor Rated on Jul 3, 2018 Modified on Jul 3, 2018
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I have been following Etheal for a while and although I love the idea of people being able to pick and choose from a global network of health professionals I fail to see how this would work in practice.
The team is strong, so is the vision, but the product and go to market strategy lacks deeper insight in how distribution of funds and clients in the health and medical industry works.
It's also unclear how the ETS/ERS will actually work. Health is not AirBnb, where the worst thing that could happen is that you get to stay at a dump. The ETS/ERS rating system needs to be verified exernally and they need to solve that.
As a matter of fact, solving how to handle the rigorous supervision and monitoring necessary is perhaps the single most important feature of any project trying to organize health providers on a global scale.
Technology and software checks out ok. Estonia is a good jurisdiction to run an ICO.
Etheal will have its toughest challenges in getting adopted by a market that is very conservative and to establish a proper system of supervision and monitoring. If you believe they can manage those, Etheal may be an interesting investment for you.
The bigger point here is the vision. If this project is successful it could have a very meaningful impact on countless people. I do agree that at $10m that going VC route would have also been an option or asking for a lot more to focus on expansion / adoption. The notes by a few people in regards to Stanford are a bit of a distraction. Viktor lists he attended the executive program on LinkedIn and elsewhere (I believe). He didn't list it as a multi-year degree or anything like that. I've done exec programs before and find them to be beneficial. Looking forward to seeing what the team accomplishes.
Token Sales Trainer and Diagnostician Rated on Apr 26, 2018
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Strengths
Token sales characteristics - well designed
Digital footprint - done professionally
Community management - agile
ICO team - experienced
Weaknesses
Token sales characteristics - vague timeline
Digital footprint - unstructured video content
Community management - few creative initiatives
ICO team - unfocused community management
Opportunities
Token sales characteristics - crypto exchange partnership announcements
Digital footprint - higher frequency video content
Community management - quiz-based airdrop campaigns
ICO team - proactive community mgmt team
Threats
Token sales characteristics - competition
Digital footprint - content creation bottleneck
Community management - timing
ICO team - insufficient of self-branding
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Medical service comparison website. Instant success with patients.
2
2014 Rapid development of Doklist.com
Listing 40000 physicians with more than 88000 medical services. 2 acquisition offers from competitors.
3
2015-2016 Business model R&D, Awards winning projects
Deloitte, Tech Fast 50 CEE #1 Award Golden Effie award (the Oscar of advertising effectiveness)
4
2017 Expansion to Brazil
2.5M visits per year. Capacity to reach 230M people in Brazil and Hungary
5
Q4 2017
Token sale round one
6
$3M mid 2018
Expansion to 3 new countries, marketing. HEAL payment contract to buy discounted medical screenings. Content management beta: only doctors can write and edit content
7
$10M late 2018
Expansion to 5 new countries. Incentive fund contract. Etheal reviews contract. Content management public
8
$20M 2019
Expansion to 30 countries, marketing. Review embedding widget and API. Incentive fund share for charities. Paid physician highlight rank
