The company is going to start an early bird sale of the EPILLO token on the 30th of October, 2022. This offer will be exclusive. This presents an opportunity to become a part of the expansive and forward-thinking environment of Epillo and to contribute to the company's future development.
ABOUT THE TOKEN
The Epillo Health Token, also abbreviated as EPILLO, is the native token used inside the Epillo Health Systems ecosystem. The token will be launched on Polygon chain, an Ethereum scaling blockchain, after it has been developed utilizing the ERC-1155 standard, which is the next generation smart contract standard. The company anticipates that the EPILLO coin will be tradeable on a number of centralized platforms by the time the year comes to a close. In addition, the token will also be made available to customers of the Fitmint Wear, which is a wearable device of the next generation that allows users to mint the token as an incentive for them to become more physically active. Customers of the Fitmint Wear will be able to purchase the token from the Fitmint Wear. There will never be more than 5 billion tokens available for purchase.
UTILITIES
As was noted before, one of the most important functions that the token will serve is to enable the gamification of exercise, which will serve the purpose of encouraging users of Fitmint Wear to engage in more strenuous physical activity. Because of this mechanism, the greater the number of calories that you burn, the greater the amount of EPILLO that you will generate. Nevertheless, this is not the only application that the token is supposed to have. By providing a wide variety of uses across the board in the Epillo Ecosystem, the token's purpose is to foster the growth of an economy that is self-sustaining (consumer healthcare, health-tech and digital health, health food and beverages, and blockchain health and fitness). EPILLO will have a variety of applications, including but not limited to the following:
- The acquisition of the Web 3.0 smartwatch as well as its powering.
- Using services for global health consultation as well as digital health care.
- The ability to play the game inside of Fitmint Wear.
- Gene/DNA testing.
- The online marketplace for health and fitness products.
- The creation of NFTs as well as access to the NFT market
- Staking and exchanging.
- Indemnification against the provision of healthy foods.
- Fundraising efforts inside the medical research projects.
- investments in traditional health food and supplement shops.
- PRE-SALE OF THE TOKEN
On November 15th, 2022, the EPILLO token will be made available for the first time in a presale. The company anticipates that it will be able to sell 10% of the entire supply during this initial stage at a discounted price of $0.55, which is a startling discount of 33% from its premium listing price. The company will do this by offering the discount. Additionally, in order to benefit both the community and the investors, 10% of the EPILLO tokens that were purchased during the private sale will be generated at the Token Generation Event. The remaining 90% of the tokens will be subject to a vesting period of two months, after which they will be distributed to the wallets at a rate of 25% per month until the end of the vesting period. In December 2022, the company will begin the process of listing its tokens on exchanges, and at the same time, the Token Generation Event will get underway.
The following is the breakdown of how the pre-sale allocation will be divided up:
10% will go toward the development of Internet of Things and smart wearables based on the blockchain.
15% will go toward the development of blockchain and health technology. Research and development, including the creation of technology based on a WIPO gazetted patent on the interactions between drugs and foods stored in blockchains. Purchasing AI and ML Markers is included in this.
30% of total cost goes toward listing fees and exchange fees.
20% – Retail Health and Medical Infrastructure [International growth]
10% of the total is allocated to the provision of health and medical goods and services.
10% – Marketing
5% of the total: Team Building
CONCLUSION
The Epillo Health Systems group is a well-established company in the healthcare market, and with the imminent launch of its wearable solution, it is anticipated to develop even further in the fitness sector.
