BloodChain – ICO Detailed Information

Researchers and blockchain developers continue to come up with new use cases for blockchain technology, which already appears to offer limitless potential. While a lot of it still remains untapped — whether due to the fact that blockchain is still in early stages, or other reasons such as skepticism or lack of regulations — new potential use cases are still emerging.

So far, blockchain had shown potential to change nearly every industry out there, from gaming and gambling to finances, healthcare, and beyond. Healthcare is particularly in need of a technological overhaul, as even the modern-day technology is considered heavily outdated.

So far, there were numerous proposals on how this technology could help improve the industry. As a massive data storage, the blockchain could keep patients' records safe, and allow them to choose who can view them, and what they can gain access to. It can be used for storing medical research and connecting the entire healthcare industry. As revolutionary as these concepts sound, they are still only the tip of the iceberg, and many other usages of blockchain have already been proposed. One of the more interesting ones came from a project called BloodChain.

About BloodChain

BloodChain is a project that aims to create BloodChain cooperation network for new blood donation platform. All registered stakeholders would be beneficiaries, while the platform itself would be focused on cooperation with blood collecting organizations, public healthcare, as well as private organizations and units.

The platform would prove extremely beneficial for all stakeholders, which would include blood donors, patients, and even companies and organizations that support blood donation. Simply put, the main objective of the project is to unite those who are willing to give blood and those in need of it, as well as those who simply support the blood donations. Donors and supporters would be motivated to participate in blood donation activities through a rewards system, which can go from gift cards to medical examinations, access to sports centers, and more.

The network would, of course, be available to everyone at all times, every day of the year. It would allow donors to quickly see which blood type is required, when, and where. This method could help save countless lives, and improve the efficiency of blood donating. In other words, it would become a new and improved version of a social blood bank.

BloodChain ICO details

Naturally, for BloodChain's platform to operate, it would require its own, native cryptocurrency. The project developed a token known as BLOOD, which held its ICO a little over a year ago, from May 1st, 2018, to June 1st of the same year.

Interestingly enough, there is no data regarding the raised funds, which might be a red flag for some coin holders. According to the project's white paper, the plan was to create a total supply of 99 billion BLOOD tokens and distribute 14 billion during the pre-sale period. Then, another 65 billion would be offered to the general public via the ICO. The company would keep 20 billion.

The token's preICO price was $0,00005, while its ICO price was $0,00008. The project accepted Ethereum tokens in exchange for BLOOD tokens, and it had a hard cap of $5.521,356. The token was, of course, a utility created on Ethereum's network, which makes it another ERC-20 token.

Author: Ali Raza for Crypto-Rating.com