SOLVE (SOLVE)

$0.09242

8th  April 2022

Industry: Health 

ABOUT

Solve.Care is a healthcare platform company that uses blockchain to redefine care coordination, improve access to care, reduce benefit administration costs, and help reduce fraud and waste in healthcare around the world. The Solve.Care platform allows for digital health networks, called Care Networks, to be built and run for patient-centric care based on medical conditions, economic and social needs, and other tailored eligibility criteria, creating an entire healthcare ecosystem. Using the Solve. Care platform, businesses can launch networked, interoperable healthcare dApps, within only weeks or even days. Care Networks on the Solve. The care platform uses the SOLVE token, a utility token that is used for inter/intra network payments and transaction fees. It also has additional uses including developer rights, staking, marketplace payments, and platform access fees.

Solve.Care is a decentralized and distributed platform for the administration of healthcare and benefits programs. Our protocol is based on entity pair relationships bound to a smart contract on the Blockchain. All relevant events are recorded and coordinated and then delivered to the right party, exactly when needed. Key components of the platform combine to provide a highly innovative approach to administering care and benefits by keeping all parties in sync, without the need for a centralized record keeper. Its components include: Care.wallet, Care.Cards, Care.Coin, Care.Protocol. Care.Marketplace is our app store for healthcare. Think of any application that could be of interest to individuals in managing their health and wellbeing and you have a potential new Care.Card. They could show up ‘intelligently’ based on what they know about your healthcare. Card application developers or owners will be able to generate revenues from published cards, whether from a charge for one-time downloads or from periodic subscription fees. All charges and fees will be settled in SOLVE tokens. 

The Solve.Care platform leverages blockchain and full-stack capabilities to deliver significant business value to individuals and enterprises. These business values include ease of usage, privacy, security, control and ownership of data, interoperability, auditability, and enhanced trust between parties. Solve.Care gives healthcare stakeholders a unique opportunity to build their own dApps to form Care Networks, connecting and synchronizing their participants, making instant payments inside their network, and sharing information immediately to reduce opportunities for fraud.

Solve.Care is unique because it not only allows networks to run independently but also has fabric underneath that allows them to communicate. All Care Networks are fully and intrinsically tokenized to manage events, identities, transactions, payments, and data sharing using the SOLVE token, which is a combination of a transaction fee payment token (like Ethereum as gas), as well as a normal payment currency. The SOLVE token also has a unique property of being able to function inside the Network, either as a variable value token or as a fixed value token (as a stable coin). This property makes it uniquely powerful and appropriate for healthcare usage.

Solve.Care has built blockchain healthcare networks for real-world clients such as Boehringer Ingelheim, Uber Health, Lyft, Aon, Arizona Care Network, and others. Solve.Care is the first company in the world to successfully deploy digital currency and blockchain technology for value-based payments in US healthcare.

Solve Care is a blockchain platform designed to improve the coordination of benefits and payments between all parties in the chain of healthcare: patients, doctors, pharmacies, laboratories, employers, insurers, and others. Native SOLVE tokens may be used to secure efficient and transparent healthcare administration around the world. The token supply is fixed and the price variable is determined by market supply and demand. SOLVE is an ERC-20 compliant token built on Ethereum.

SOLVE tokens are the utility currency for the network and can be used to pay for Care Administration Network fees, establish Care Wallets, purchase Care Cards, and participate in Care Marketplace services as well as pay for associated integration fees. Also, SOLVE tokens are reportedly used for the emission of Care Coins and payments requiring Care Coins. Their clients comprise insurance companies, healthcare administrators, clinics, large employers, and government agencies. Our solutions have global appeal and we are already in discussion with interested parties in Canada, the UK, the Middle East, Mexico, and Australia.

INDUSTRY ANALYSIS

The cost of administrating and managing care and benefits globally is well more than $1 trillion per annum. Solve.Care will concentrate its efforts here, to help realize substantial savings that could eventually amount to tens, if not hundreds, of billions of dollars.

Health and pharmaceuticals will get rid of counterfeit medications using Blockchain technologies, enabling tracing of all these medicines. It helps discover the cause of falsification. Blockchain can guarantee the confidentiality of patient records; when medical history is developed, Blockchain can also store it, and this record cannot be modified. This decentralized network is used with all commodity hardware in the hospital. The Blockchain makes the entire prescription process transparent, from manufacturing to pharmacy shelves. Congestion, freight direction, and speed may all be tracked using IoT and Blockchain. It offers the chance to schedule acquisitions efficiently to prevent disruptions and shortages in clinics, pharmacies, and other medical facilities with a given medication. The deployment of digital frameworks built on Blockchain would help ensure that the logistics data avoid uncontrolled adjustments. It increases trust and prevents the illicit handling of records, payments, and medication themselves by various people interested in purchasing drugs. Medical firms are exploring, experimenting, and discovering day and night Blockchain technologies, in the medical field for health records. It has confirmed itself as an irreplaceable instrument in healthcare by following pharmaceuticals, improving payment options, and decentralizing patient health history records. 

Security is a major issue in the healthcare industry. Between 2009 and 2017, more than 176 million patient records were exposed in data breaches. The perpetrators stole credit card and banking information, as well as health and genomic testing records. Blockchain's ability to keep an incorruptible, decentralized, and transparent log of all patient data makes it a technology rife for security applications.

While blockchain could enhance IoT security in healthcare, these use cases are still in the early stages of development and it is not yet clear whether blockchain will be the best tool to use. For digital health companies exploring how to ensure the security of remote monitoring devices, it is worth exploring blockchain, but only as part of a much more comprehensive end-to-end security strategy.

FINANCIAL METRICS

 

Market Capitalization:

Volume:  $3.99

Volume/Market cap: 0.03954

Circulating Market Capital:    $39.83M

Fully Diluted Market Capital:    $1,242,321,861,333

 

Coin Supply:

Circulating Supply: 435,324,962.51  (44% of max supply)

Total Supply: 1,000,000,000

Maximum Supply:  1,000,000,000

Holders & Richlists:

Total Addresses: 13,583

Active Address: 202 (24h)

Top 10 holders: 88.65%

Top 20 holders: 92.08%

Top 50 holders: 94.27%

Top 100 holders: 95.07%

 

Ratios:

Market Value to Realized Value:  1.76

Volume to Marketcap: 0.14

 

Whales Checker:

The whales who are holding a large proportion of this coin are also having large stakes in other coins like Shiba Inu, Terra, Sandbox, Chainlink, Chiliz, and Enjin. The majority of the coin supply is bound in smart contracts.

 

 

PROJECT METRICS

 

Whitepaper:

https://solve.care/wp-content/uploads/2018/09/lightpaper.pdf

Utility- Complex support infrastructures, data system silos, and administrative bureaucracy have given rise to inefficiency and duplication of effort that waste billions of dollars. Excessive healthcare administration costs consume resources that should be directed to improving both access to care and quality of care.

Solve.Care’s revolutionary platform will significantly improve care outcomes by dramatically reducing healthcare administration costs and substantially reducing the opportunity for duplication, waste, abuse, and fraud. The project expects to create major cost savings by facilitating authorized peer-to-peer transactions that delegate authority to individual stakeholders while empowering payers regarding cost control and oversight. Utilizing blockchain technology, they aim to radically reduce the unacceptable administrative burden placed on healthcare providers and enhance the care experience of individuals. 

Tokenomics:

Team:

Competitors:

Medibloc

Insolar

Blockchain council

Decent

Opporty

R3

Engineer.ai

Waltonchain

Partnerships and Fundings:

Exchanges:

Website: https://solve.care/

Community:

Telegram: 10k

Reddit: 3.7k

Twitter: 25k

RELATIVE VALUATION

 

 

TECHNICAL ANALYSIS

 

CONCLUSION:

“ The coin holds a lot of value in it, the team is also great behind the project and is constantly growing the project, the coin has a small market cap, thus there is a lot of upside potential with less risk. This can be a good option for investment for a long time when investing a small part of your portfolio, though the past 2 years have not been very good according to the price still the project is fundamentally sound and the increased awareness regarding health and fitness can take this project to the next level. The ratios and crypto fear indexes are showing that it can be a very good time to invest and the coin can be purchased at a highly underpriced deal. Though the coin is not present in a lot of major exchanges as of now and the community is also not very large but the partnerships the project is able to grab in such a period of time are quite magnificent. There is not much data available regarding the on-chain metrics, due to which a deep relative valuation cannot be done. The latest roadmap and events have not been revealed as well. The idea behind the project is significantly worth investing in, devoting a small share of the portfolio for a very long time can be the correct strategy."