Topic: 🚀 HealthMonitor ICO – trade perspectives📈 (Read 748 times)

The opinion of everyone is important to us! Guys, what do you think about this?

Guys share their opinions! we are grateful to everyone

It seems that according to the civilized laws (is USA civilized?), tezos was everything but a convenient tool for investors (and this independently from the way they screwed it up)

https://www.coindesk.com/tezos-founders-hit-second-class-action-suit/

Well, I started my startup journey years ago following courses and reading books mostly from the East coast. They all agreed that explaining a business model (aka business model canvas) stands over business plans and the likes (when talking about new businesses). We could produce all the reports and KPIs you mentioned but they would be completely useless if we can't convince people that our technology works.
If we were interested in making easy money we would have:

a) spent much more in marketing
b) launched a much larger pre-sale with a 50-70% bonus
c) hidden our identities much better

instead, we are investing most of our time in explaining the technology and launching a small (quite irrelevant) pre-sale. We have also created an entity in the Czech Republic (a much more convenient location than Russia, for EU investors).

That said, I understand that this project is raising some concerns both on technology and on the crypto adoption. We will spend much more time in the following days to address both issues.
Best,
Mauro

 #Authors of the article has nothing to do with this project (or not listed in the team)#

why? here it is    http://healthmonitor.io/cv
On our website and in this article


Here is a patent for the device  
https://worldwide.espacenet.com/publicationDetails/biblio?CC=RU&NR=2597943C1&KC=C1&FT=D


Here is a video with a working device, the author of the article and the creator of the device.
https://youtu.be/SxO40p_ZgEI

And we intend to show the working device to anyone who wants to.


And yes here's a quote from our site

Heath Monitor is not a certified medical device and can not replace a medical examination in the clinic. Heath Monitor can not be used by a medical professionals as it is classified as an electrical appliance and is subject to CISPR 24 \ EN 55024 certification.

Heath Monitor is used only for the purpose of preliminary diagnosis of possible diseases and can not diagnose or replace a visit to a professional doctor. If you find any gas in your breath that indicates possible disease, you should immediately go to clinic for an appropriate examination.

Look, the inventor of the device published this article in the SCIENTIFIC magazine. The person, having scientific degree of professor. He is not bound to medicine and is guiding only by concepts from objective science of physics.
To organize randomized clinical tests for official use of the DEVICE in applied medicine - process not idle time and there will be very few 100 patients for exact conclusions. However, the PRINCIPLE of gas (breath) analysis, been the basis for operation of the device, already underwent approbation in clinical practice and it is used for screening (patrol) diagnostics of different diseases.
There is a publication which is taking out doubts that an acetone in the exhaled air - a marker of concentration of a glucose in a blood - https://breathtecbiomedical.com/wp-content/uploads/2015/08/Diabetes_1.pdf
Health Monitor meanwhile is not positioning as the device of exclusively medical prescription as for this purpose a lot more work is necessary to us. However, it is possible to use its unique SENSITIVITY for identification of markers of a series of diseases already now.
At the price of one research, approximately peer cup of coffee, so?

OMG I asked simply tell me error margin, and you could just post percentage. Instead you link this?

I wonder if you are linking articles in hopes that nobody will read it. Have you?

To those who too lazy to read here is TL/DR:

This is a short article published in 2014 in Russian science magazine proposes method of diabetes diagnosis. Authors of the article has nothing to do with this project (or not listed in the team). Article (of course) has NOTHING to do with the project and contains neither useful information nor answer to my question about error margins.
All this article suggests in conclusion - that proposed method is theoretically possible.

The fact you linking this strongly suggest lack of testing for your device. Basically, if this is all you got, I can  just flip a coin and get same accuracy as your device, or use psychic to diagnose me, because I don't see any actual tests. In other words, you are trying to create product that does not work. And this perfectly explains reason why no real investors want to give you their money.

Or am I missing something? Perhaps you wanted to link some other material?

here is the work on medical research.

https://drive.google.com/file/d/0B-QBdFrWXGeAYmUyOXl6LTJwZ1E/view

Please watch the video https://youtu.be/SxO40p_ZgEI

Here explains how the device works. From 1.24 minutes you will see the device itself and its operation principle.

By the way, function of the Health Monitor alcotesting copes very well too.

What is accuracy of your device. Say you test 100 healthy people, how many false positives will your test show? Also what if you test 100 ill patients? What are the error margins?

You mean device ?
I will show you a video.  Moment

How will it look?

I mean to say that in regulated areas you can at least sue, and it often works. Not always of course.

I agree. You can lose your investments anywhere, regulated or not. However such risks are much lower when investing using regulated tools. My message was perhaps vague, but simply put it's following:

This project sounds risky even for conventional investments (lack of business plan, appropriate calculations of NPV, PI, IRR, PBP, DPBP, legal framework analyses etc.). In addition, ICO only adds risks and uncertainty here for an investor. Basically you don't have any tools to assess viability AND you don't have legal framework protecting your money (even though developer gets to keep it's business AND your investment).

Projects like Tezos much better fit for ICO since project's core mechanics revolving around blockchain and uses it as a convenient tool for investor because token eventually becomes the actual product you invested in (or should have at least). It still bares same risks associated with unregulated funding process but it is much more clear why they choose this model of funding, unlike totally crypto-disconnected business (like the one here). Damn shame they screwed it up...

It's not like I'm fudding, more like trying to understand viability of investing in ICOs that totally disconnected from crypto. Don't get me wrong - it's great that they have working product - that is already more than 99% of ICOs have, but not sure if this is enough.

P.S. Sorry your father lost his investments in the past. Hope it will come back to you sometime.



 

thanks for the lesson on the civilized society...

When I said chasing, I was joking. I don't know which kind of investment gives you " tools to return significant part of my investment without investing even more".
My father lost 20k (99% of invested capital) from his investment in a local Italian bank, many people lose their money investing in startup's seeding rounds, big VC lose constantly their money investing in startups and you can easily lose your money by investing in stocks. I've been running a local Startup Grind chapter for years, here in Italy, and I've countless examples of angels investing their money in projects failing in the next 5-10 months: will they have the money back? Absolutely not. Even bonds can't guarantee you to have the money back nowadays.
That said, investing in ICO is highly risky. Regulations can change maybe tomorrow or maybe the day after tomorrow and I would never risk high % of my savings.

About "crypto-illiterate" projects.. was Tezos a crypto-literate project in your view?

You see in civilized society I don't really have to chase anyone who steals from me, I can simply sue them. In case if ICO suing is out of the question since it's not regulated area. So Investing in the ICO I will have to put all my trust in their honesty or be prepared to "chase" them as you suggest. Obviously I'm not a big fan of chasing people, and even If I'll have to, law wouldn't be on my side. This make my investments pretty vulnerable, because in case anything happen I will not have tools to return significant part of my investment without investing even more. If that project was crypto oriented I could easily audit code and at least partially mitigate risks, but since it's not I can easily find myself with bag of worthless tokens looking at the company that legally owes me nothing without legal tools for dispute.

Besides that I don't really see how my corresponding share of profits can be delivered to me. What will happen if legal basis of tokens in Europe will change in 2018 or 2019?

Those questions bothers me the most in "crypto-illiterate" projects (does not meant as an insult).

This point is very interesting: I do agree that cryptocurrencies and tokens have the best fitting when censorship is a central point. Of course, this doesn't apply to this project. But, here, tokens are mostly a means to raise funds and to build a token economic based on dividends distribution. Would it be possible without cryptos? Of course YES, but with 2 drawbacks:
a) IPO and/or seeding rounds are very expensive
b) not everybody lives in countries with a large base of angels/VC

So, but it's just my view, a small/medium cap project, with a definite token economic (with mechanisms to preserve tokens value like dividends, sinking, buybacks) has perfect sense and can be profitable for investors.

About risks, this project is based in the Czech Republic and you can find all the team on Linkedin. Not much difficult to chase them if they steal your money 

Many thanks, your questions are very correct. Unfortunately, we are rarely asked direct questions on the merits. And you correctly noticed that the market of ICO is overheated and there are many not only scammers but also non-professionals and just fools who think that their imagination will necessarily come true.

As an example, we showered suggestions on promoting the topic on this forum for money on advertising in other people's social networks and the sale of contacts of investors. If you just spend good money on advertising, then you can get investments even for creating a *time machine*. But we have a clear project with understandable intentions and a ready-made device that does not require funds for development. It is for this reason that we are interested in the opinion of real experts.

If you can spend some more time studying our business model, you will realize that the yield will be very large, and the ownership of the invention will remain our property. Since the time we will spend on the search for investment in the cryptocurrency will not be more than three months, and the likelihood of cooperation with the venture fund remains, we consider the cryptocurrency crowdinvesting a very convenient way to attract investment.

We do not intend to spend 30% of the estimated investment in advertising to collect them. I think that's what most ICO do.

 These are quotes from our white paper

Health Monitor is a ready product without any stage of engineering and design. Production stage takes 7 months to obtain EU certificate and produce needed amount of devices.
As Health Monitor and S. Atutov are supported by heavy investors, we offer any investor from $30,000 to become the part of the team and sign an official contract for the Health Monitor Czech company share.

Of course, if you initially set a goal to steal or deceive - it can be done not only on the cryptocurrency market.

We have a working device that we can show everyone. Its cost is not so high to change the working parts to the Alco-tester, etc.
We have various medical studies that have been conducted for several years.

we have several videos of how the finished device works, you can see it on our website http://healthmonitor.io/ I will publish it to you right now

here is the description of the device itself

Health Monitor specification details.
The device allows to keep track of low acetone admixtures in patient’s exhaled air. It is comprised of power supply source, spectrometer, discharge cell, sample selection line and process unit.
Health monitor is an electrical accessory, which is to be used with 12V direct current nominal voltage (inclusive). In case of instrument’s failure, voltage (on condition the circuit is broken), multiplied by measured current (which is meant to flow through the circuit with the possible defect) is not more than 15 volt-ampere.
The monitor is constructed of non-toxic materials, sans the ionization radiation. The device is isolated with no impact on the environment, as well as on the vital activity of any organism.
Once an exhaled air sample is drawn, it goes straight to the sample selection line, where the discharge is to be initialized in the discharge cell. Process unit stands for the registration of an exhaled air emission spectrum, with the subsequent analysis of it. Upon that, in order to decrease the exhaled air pressure in a discharge cell, a purge pump is used. Discharge initialization is conducted with the low pressure. Analysis of an exhaled air emission spectrum is to be done by means of spectrum intensity normalization, (rationing with the water vapor concentration in an exhaled air). Hence, water vapors have no impact on the measuring accuracy.
To conduct measurements, blowing the monitor’s tube for a few seconds is enough. All the following processing is automatically accomplished.
The main work principles of the device:
1.   An exhaled air sample is drawn, and carried to the sample selection line.
2.   With help of adjustable valve, the exhaled airflow through the sample selection line is easily regulated.
3.   The air is passed to the discharge cell, with low air pressure (10 – 100 torr), kept up by the purge pump.
4.   On condition the process pressure is reached, a glow discharge is initialized in the discharge cell (with constant current, varying from 5 to 20 mA). To maintain the glow discharge, a 1500V and Imax = 20 mA power supply is applied.   
5.   Further, discharge’s emission radiation is passed to the spectrometer through the fiber-optic cable. Spectrometer’s signal is registered and processed by the processing unit.
6.   The device’s software analyses the exhaled air specter and compares it to the surrounding air specter. Based on this comparison, various impurity gases concentrations are calculated.
 The device could be used for measuring the blood sugar level, as well as to detect the infancy of lung carcinoma, stomach ulcer and diabetes. It experimentally finds, the acetone concentration, measure by Health Monitor, is linearly proportional to the blood sugar level. Presence of the certain impurity gases does well indicate a probable disease, even though the device does not find the precise diagnosis. Such a medical test results may accent the necessity of the full medical examination.
Moreover, technical facility, described above, could serve as a detector of pollution and impurity gases in an environment air, such as mercury, xenon, methane vapors, narcotic and explosive substances in the air, etc.