EpigenCare: Personal skincare via epigenetics with blockchain privacy
Generates epigenetic profiles and best-matched skincare products for the consumer, whose data privacy is enforced via blockchain.
Chief Executive Officer
Weiwei (Adam) Li, MD, PH.D.
Chief Scientific Officer
Chief Financial Officer
Business Strategy Lead
Software Development Lead
Richard Wildnauer, Ph.D.
James Wang, MD
Rebecca Fry, Ph.D.
Advisor, Legal Strategy
- Crowdsale (50000000)
- Founders (6000000)
- Key Empoyees (3700000)
- Advisory Team (300000)
- Product Development (50%)
- Marketing & Business Development (35%)
- Administration (10%)
- Legal (5%)
Cost of the token1500 tokens for 1 eth
Price without discounts
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When will I receive EPIC tokens after investing?
EPIC tokens will be sent to you immediately after verification of your identity and, if necessary, your accreditation status. The verification will occur no later than six weeks after you contribute ETH. As required by Regulation D 506(c), Regulation S, and Regulation CF, these tokens will be be tagged with a "restricted" legend on the smart contract. Securities with a restricted legend have a 1-year holding period and may not be traded on the market, as mandated by the US Securities and Exchange Commission. After a 1-year required holding period by the SEC, you may be eligible to trade them on secondary exchanges, depending on the regulatory landscape at that time. During this holding period and for one additional year thereafter, revenue sharing based on 15% and 10%, respectively, of all ECARE purchases by consumers and companies (and including pre-orders) will be paid as a fixed proportion in the form of ETH to all holders of EPIC. On the third year and thereafter, the revenue sharing rate shall be set at 5%. This allows investment participants to receive significant long term financial incentive for investing. EPIC shall also include rights after the first year to convert into equity, at a rate of 5 EPIC to 1 equity share.
We believe that this vesting period best reflects organic, long term growth of a realistically promising venture and mitigates initial over-speculation and pump and dump schemes. The SEC recently deemed nearly all ICO tokens to date as securities, and as markets begin to mature we foresee stricter regulations and exchange oversight in 2018. Non-compliant tokens may lead to rejected listings or delistings by exchanges, and overall illiquidity. Thus, by offering our tokens as according to SEC regulations, we offer the safest approach for futureproofed sustainability of a successful blockchain-based business.
What rights do I have as an EPIC token holder?
EPIC is an investible security token that is available as an investment offering under Regulation D 506(c) and Regulation S exemptions. Subsequently, EPIC should be qualified to be traded on an SEC-compliant exchange (e.g., registered Alternate Trading System, or ATS) by mid 2019, subject to the regulatory landscape at that time. EPIC holders also obtain the following rights:
Conversion to Equity Option. After an approximate 1-year holding period from the closing of this offering, 5 EPIC can be converted into 1 Common Stock. 48,000,000 shares have been so far issued, out of 80,000,000 authorized. This is a non-reversible option and the EPIC along with any other token rights will no longer be in the investor's possession. Revenue Sharing. 5% revenue of ECARE transactions (including seamless ECARE transactions via credit card) for skincare test and advertising sales is paid to all EPIC wallets proportionally, in the form of ETH (Ethereum) as US Dollar equivalent. As an added benefit, the revenue sharing in the first two years of operation after closing of this offering is distributed as an additional 10% and 5%, respectively (15% and 10% total). Each investor payout is based on the fixed proportion of 60,000,000 total EPIC, irrespective of how many tokens are sold in the investment offering.
What happens to any remaining unsold tokens?
Unsold tokens will be first offered in bulk quantities through an auction process in a private sale event. Further remaining unsold tokens will be reserved for potential future fundraising, if any. Because EPIC revenue sharing is based on a fixed proportion of 60,000,000 total supply, and the 5 EPIC to 1 equity share is also fixed, additional fundraising of unsold tokens from this same supply should not dilute other investors' holdings.
What if the value of ETH changes dramatically?
If the price of Ethereum changes by more than 10% in either direction, we may change the offering's ETH to EPIC ratio to reflect the shift. Investors who have already received tokens after successful verification will not be retroactively provided with additional tokens (nor can they be taken away). Investors who contributed ETH but have not passed KYC/AML/accreditation to receive tokens will have the ETH to EPIC rate locked in based on time of contribution.