FAQ

Token

What does TCN stand for and what is it?

Theracoin. It is a utility token based on the Ethereum technology that can also be used as a unit of account between healthcare providers, researchers, patients, and medical suppliers in a blockchain-based electronic health record platform.

Are TCNs transferable? Where are TCNs traded?

TCN is a utility token meant for use in the TCN platform. It is transferable. We will not encourage or facilitate exchange trading in any way. We will provide exchange trading information solely as a means of reducing the inquiries we receive directly.

What do TCNs represent?

The TCN wallet will include the EMR (electronic medical record) system. Ownership of the tokens carry the eventual privilege of voting on the consensus network for future developmental goals. However their primary function is the right to use them as a means to obtain services on the TCN platform, if successfully completed and deployed. The tokens do not represent or confer any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the TCN platform, and/or The Theracoin Foundation and its affiliates. The tokens are not refundable and are not intended to be a financial instrument.

Additional information regarding the utility of TCN is available in the terms and conditions.

Where will TCN be used?

We are building the TCN platform to integrate the Electronic Medical Record System, TCN ledger system, as well as a wallet and related blockchain-attested functionality. The utility token is for conducting transactions and obtaining services on the platform. The token will be used, for example, in acquiring consultation services from medical providers (with a physical exam, if used in a hybrid practice, or without one, if solely using telemedical services on the wallet).

Given the open-source nature of the project, however, we also envision that as we develop the TCN protocol, third-party developers may come up with new and novel uses for the token.

These apps must be fraud-resistant, and HIPAA compliant if they are to participate.

Why not use Bitcoin?

TCN is not a digital currency, it is a utility token. It can be used as a unit of account between medical providers, patients, and medical suppliers on the TCN platform, and can be utilized to directly provide care, consultation, medical educational utility, and further blockchain research platforms. Bitcoin would not enable this distinct, in-platform problem solving. Finally, using TCN on Ethereum allows for faster scalability and a more feature rich environment than using Bitcoin.

How do I view TCN tokens in my wallet?

You can view TCN token balance directly in the EMR/Wallet.

Which wallets can be used to store TCN?

TCN is an ERC20 token, and can be stored in ERC20 compatible wallets. We do not recommend a particular product.

Will I lose my TCN after any duration of time?

Theracoins (TCN) are built upon the ERC20 token standard. As such, any purchased TCN are not subject to any loss policy. Lost wallets (health records) remain encoded with all security protocols when initially created. Depending on the user’s transaction history, they may be able to “recover” their health records from a provider they authorized access to, and by using a new address as the recipient (fees for such a service can be discussed exclusively between a provider and the patient). As to whether this duplicates the ownership of the data, and subsequently disrupt record keeping for research purposes, is not certain at this point. It is a question we hope to address in future development versions of our whitepaper.

What is the roadmap?

The TCN 1.0 Roadmap is available in the whitepaper.

I transferred some TCN from one wallet to another and it never arrived. Can you help me?

We don’t maintain, or have any control over, the wallets where you choose to store your TCN or health records, this is to ensure the absolute safety of your medical records so we can’t help you directly. However, we suggest that you contact providers whom you obtained records from previously and ascertain whether you are still paneled (in their record system) and see if they can send you your health information in a new smart contract. We cannot guarantee any longevity of your records, as providers who no longer panel patients may at their discretion purge data from their wallets for both security and bandwidth purposes. In particular, if you have a transaction-identifier (txHash) we suggest you include that in your query.

What are the VAT/GST implications of my voluntary contribution?

At this time The Theracoin Foundation does not believe the voluntary contributions are subject to VAT/GST, on the basis that they represent pure donations and are not linked to any benefits being derived by the voluntary contributor or another third party. The wallet gives all users exactly the same level of experience, regardless of whether such users are voluntary contributors to foundational activities or wallet development.

However, as provided in the Terms of Service, you are responsible for determining what, if any, taxes apply to your voluntary contributions. You are also responsible for withholding, collecting, reporting and remitting the correct taxes, if any, to the appropriate tax authorities. You may wish to consult a tax advisor regarding these issues.

TCN Sale, Distribution and Fund Use

What crypto-currencies were accepted during the sale?

Ethereum (ETH).

What is the distribution of tokens?

Fifty million TCN was sold during the ICO. In addition to the tokens sold, we created a development team pool of 100 million tokens for gradual distribution toward developer bounties and innovation grants. Please refer to the TCN Token Addresses on the right hand side of this page.

What will be the value of TCN sold? Will there be a follow-on sale?

We plan to sell up to 23,540.5 ETH, or 50 million tokens. We do not plan to have a follow-on TCN sale.

What is the TCN smart contract address?

We will provide the TCN smart contract address as a matter of information: TBD. However, once the token sale is over DO NOT send any ETH here or it will be sent back. Also, DO NOT send any TCN or other types of tokens here, it will be lost.

When the token sale was completed, where were the funds (ETH) stored?

We use the standard Ethereum multi-signature wallet to store the ETH paid for the TCN.

TCN and the Wallet

Is The Theracoin Foundation Hiring?

We are actively seeking individuals who share our vision for the future of medicine on the blockchain. To view currently-available positions, visit our Careers page under “The Foundation” menu tab. Applicants are encouraged to apply directly―not by means of a recruiter or other representation.

Explain the Wallet/EMR and TCN products and how they work together.

TCN is a utility token for a new, blockchain-based digital advertising and services platform. The wallet is an electronic medical/health record (EMR/EHR) that is a privacy-focused, secure wallet with a front-end for patients or providers (depending on registration). Providers must register with the foundation for background checks before the provider tab can be accessed on their wallet, and before any transactions on the ledger can be labeled as that of a provider.
Providers must list their qualifications/licenses, educational history, and other curriculum vitae items as desired, before they may post as an “Available” healthcare provider on the network. All users who download the wallet may use the patient front-end of the EMR and may request consultations from providers based on their desired specialty. For instance a user may have incidentally been diagnosed with lung cancer in the emergency department based on the interpretation of one radiologist; they are unsure if this is a legitimate diagnosis or not; in a typical healthcare scenario this problem will be solved by a multitude of specialist visits. As a first step they can ask the hospital for CD’s containing the images and may search for one or more radiologists on the wallet who are free to discuss and/or re-evaluate imaging they obtained. The fees they pay for these services are determined by the radiologist’s pre-established rates on the provider end of the wallet, and the user may decide which parts of their records they would like to submit on the network (e.g. imaging only, imaging with their whole medical history). If both parties agree a time-based smart contract enabled connection via a telecommunications protocol on the wallet begins (e.g. via Skype) and the radiologist can explain the findings to the user and recommend services to confirm the diagnosis (e.g. a pulmonologist who can do an endobronchial ultrasound for biopsy), at the conclusion of this encounter the contract will be concluded and fees transferred. At the recommendation of the radiologist, who will file a note of their findings on the EMR, the user may then request the consultation of a pulmonologist who may perform a historical review with the patient on the EMR and ask them to come to their practice in person for the biopsy. The execution of this second smart contract may include consultation fees from the wallet encounter and the cost of the procedure in their office. The pulmonologist may or may not include any biopsy fees into the smart contract, and/or refer the sample to another pathologist the user has chosen on the network. At the conclusion of the biopsy diagnosis surgical options may be considered, and the user may search for consultations from other specialties through the wallet.
This whole scenario may describe one person’s encounter with the healthcare system. The eventual record of which is recorded on both the smart contract initiator (patient) and service provider (medical provider(s)) wallets, and included as part of the blockchain ledger for future retrieval. For instance the user may approach any other practice and initiate a “cloud” (ledger) based retrieval of their medical records to establish routine care at another provider. This reduces the time it takes to fill out, send, and file forms, as well as save costs of administrative staff to execute such tasks. All encounters are layered by private address, password, TOTP, and other possible physical safeguards to ensure HIPAA compliance. What the user saves by using the wallet based EMR is (1) time for commuting and office wait times, (2) costs for commuting and provider fees by having all information pre-obtained in the blockchain, and (3) the ability to retrieve information in their records without having to file forms and/or physically visit a medical practice to do so, and (4) approach the providers they desire rather than having to utilize “in-network” providers on a typical insurance plan. The medical provider saves (1) visit time by having medical records available on the chain, (2) cost savings by being able to record/chart the encounter, order procedures, order consults, order prescriptions, have direct end-to-end communications with the patient, and accomplish all these tasks in one system without the need for a physical practice, and (3) the ability to network with other consultants without having to be “in-network” as is done with traditional insurance plans.
This is not meant to replace the traditional practice model, but to augment it. This wallet system may be used by anyone, there is no licensing fee as is done with other electronic medical records technologies. They may manually manage patients in their physical practice in the same system, creating a “patient portal” for direct communications and ordering without the need for other software systems.

How can a medical provider apply to become part of TCN platform?

The best way to get going is to fill out the provider survey (to be released in the Avicenna phase of development), allowing the foundation to perform a background check before establishing a private address for you. This address will have provider features and information pre-enabled, saving you set up time. You may help engage in limited test net and actual care activities pre-launch. But all providers will eventually transition onto the TCN platform once it is launched.

When will ads in the TCN platform be available for providers?

We believe all providers should have the ability to advertise their practice as they would off-network. Users may choose to have ads enabled or disabled (no upgrade fees required) in their EMR wallet. We will incentivize advertising by partnering with other organizations, for instance Basic Attention Token and the Brave platform. These features will be enabled in the Avicenna phase of development later this year.

When will Fiat Payments be enabled?

We do not have any plans yet for fiat payments, as the cryptocurrency space currently meets our testing needs for the technology. If and when we feel we have a sufficient economic stability, we will expand our network to enable the general public to enter the space. This section will be updated here and on the whitepaper at a future date.

How does TCN deal with fraud?

All medical providers on the network will be screened through an application which includes their licenses and a basic background check. The foundation does not function as an investigative agency but it can cross check with professional colleges (e.g. AMA for physician licenses) to limit fraud among providers. In terms of users there is a lot of faith that what is reported is true, for instance for those seeking pain pills there are national databases that physicians can search to limit opioid dissemination. However before we go live the foundation will continue to assess the need for identification to ensure identity theft does not pervade the system. Such identification may include national/state identification. A common cause of identity theft is using the social security number of minors to open new credit cards and/or seek care. We are hopeful that in the long term a thriving user economy can weed out such bad actors.

Does the recent SEC bulletin affect TCN?

The foundation is ensuring that we abide by recent SEC bulletins on DAO tokens. We are working with legal counsels to ensure Theracoin is properly classified as property with utility on the wallet/EMR system we are building, and not define it as a security. Our legal team will continue to monitor regulatory compliance as the laws evolve.

Where can I find the whitepaper?

You can find the TCN whitepaper on the right hand side of this page or at the top under the “Overview” tab.

How do I report a security issue?

If you believe you have found a security issue in our product or service, we encourage you to notify us at security@theracoin.org. Depending on the phase of development we may offer bounties for such bugs.

Download the White Paper

Terms and Conditions

Download Wallet

 

TCN Addresses

TCN Contract TCN Total Distribution

TBD

100,000,000

Development Pool

TBD

50,000,000

ICO

TBD

250,000,000

(Block Reward Schedule TBD)

PoW/User Health Data Rewards

TBD

250,000,000

(Node Stake Schedule TBD)

Network PoS Tokens

TBD

350,000,000

(Indefinite)

Locked Token Pool