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About PraesidiumCoin
We're Excited to Bring You PraesidiumCoin!
PraesidiumCoin is a revolutionary cryptocurrency designed to eliminate medical debt by leveraging blockchain technology, smart contracts, and dynamic tokenomics. Our unique solution aligns the interests of patients, healthcare providers, and investors to create a win-win-win approach for tackling the healthcare debt crisis. By developing a system that adjusts crypto token price growth while simultaneously streamlining medical billing and paying off debt, PraesidiumCoin aims to provide long-term solutions to one of the biggest financial burdens facing millions of people worldwide. The project is in its early stages, and we invite those interested in learning more or following our progress to sign up for updates.
How Does Praesidium Coin Work?
Hospitals Mine New PraesidiumCoins by Uploading Past-Due Hospital Bills to the Blockchain
At the core of PraesidiumCoin’s innovation is a mining mechanism that allows hospitals to create new cryptocurrency tokens by uploading verified past-due medical bills to the blockchain. Instead of traditional crypto mining, which relies on energy-intensive computations, PraesidiumCoin’s Proof-of-Healthcare model mints new coins based on the value of unpaid hospital bills.
- Hospitals submit past-due accounts to the PraesidiumCoin blockchain system.
- The system verifies the debt and mints new PraesidiumCoins (PRSC) based on a predetermined algorithm that converts outstanding medical debt into blockchain-registered assets.
- These newly minted coins are stored in hospital wallets and become liquid assets that hospitals can use to recapture lost revenue through discounts and marketplace sales.
This incentivizes hospitals to participate while ensuring that the system grows in a controlled and stable manner.
Hospitals Offer Discounts for Patients and Insurance Companies Who Pay with PraesidiumCoin
Hospitals that adopt PraesidiumCoin can offer significant discounts to patients and insurance companies that choose to pay their medical bills using PRSC tokens.
- Discount Model: Instead of writing off unpaid debt as a total loss, hospitals recover a portion of the funds by offering discounted payments when transactions are made with PraesidiumCoin.
- For Patients: This means lower bills and a more affordable way to manage medical expenses.
- For Insurance Companies: Using PraesidiumCoin creates a cost-effective payment option, reducing claims expenses and increasing liquidity for payers.
This creates a circular economy where hospitals are willing to accept PRSC because it enables them to recover lost revenue, while patients and insurers benefit from reduced costs.
Hospitals Sell Their Mined PraesidiumCoins to Insurance Companies, Patients, and Investors
- Once hospitals mine PraesidiumCoins (PRSC) by uploading past-due medical bills, they can use or sell these tokens through two distinct wallet systems, ensuring both healthcare liquidity and investment stability.
Two Wallet System: Utility Wallets and Investor Wallets
PraesidiumCoin operates two distinct wallet types that separate real-world medical transactions from investment holdings:
- Utility Wallets (Hospitals, Insurers, Patients)
- Designed for actual healthcare payments.
- Hospitals, insurers, and patients gradually adopt PRSC for bill payments and insurance reimbursements. Hospitals offer discounts on bills paid with PRSC.
- Cannot trade PRSC on open markets or hold it for speculative purposes using the utility wallet.
- Can only be used to purchase enough PRSC to pay for the medical bills linked to it. The transactions happen simultaneously (purchase of PRSC by the utility wallet holder and transfer of PRSC to the hospital as payment), immunizing against price growth as a boundary to paying current medical bills.
- Ensures PRSC is always used as a healthcare financial tool, rather than a purely speculative asset.
- Investor Wallets (Crypto Investors, Hedge Funds, Institutional Buyers)
- Designed for investment and trading.
- Can buy, sell, and trade PRSC on crypto exchanges.
- Cannot directly use PRSC for hospital payments—ensuring separation between healthcare economy and investment liquidity.
- Supports long-term price growth by keeping speculative activity separate from the operational supply of PRSC.
How Hospitals Monetize Their Mined PRSC
Once hospitals mine new PRSC by uploading past-due bills, they have several monetization options:
- Sell PRSC to Patients & Insurance Companies via Utility Wallets
- Patients and insurers purchase PRSC at discounted rates to pay off hospital bills.
- Hospitals recapture lost revenue while offering price reductions for those who use PRSC.
- Sell PRSC to Investors via Investor Wallets
- Hospitals can offload excess PRSC into the investment ecosystem by selling PRSC directly to crypto investors and institutional buyers.
- This creates external liquidity, allowing hospitals to convert PRSC into cash flow.
- Hold PRSC for Future Value Appreciation
- Hospitals can choose to retain a portion of PRSC in their institutional treasury, benefiting from long-term token price growth.
By keeping healthcare payments (Utility Wallets) separate from speculative investment (Investor Wallets), PraesidiumCoin ensures that hospitals receive consistent liquidity while investors benefit from asset appreciation.
PraesidiumCoin Infrastructure: Dynamic Variables That Ensure Constant Price Growth
Burn-and-Mint Equilibrium
- A percentage of newly mined PRSC is burned. The burn rate can be dynamically adjusted to increase or decrease token supply.
Limited Mining of New PRSC
- The amount of new PRSC a hospital can mine by uploading debt is limited to a percentage of the PRSC they receive as pyaments for medical bills.
- The percentage is dynamic, allowing fewer or more PRSC to be mined in order to maintain stable PRSC price growth.
- Supply grows only with hospitals' adoption of PRSC as a means of payment for medical bills.
Variability of Age of Hospital Debt for Mining
- The minimum age of hospital debt eligible for mining PRSC adjusts dynamically based on market conditions.
- If PRSC supply needs to decrease, the debt age requirement increases, limiting new token creation. If PRSC supply needs to increase, the debt age requirement decreases, allowing hospitals to mine sooner.
- This self-regulating mechanism ensures steady token growth, prevents market manipulation, and incentivizes active hospital participation.
Discount Adjustment for Utility Wallet Transactions
- Hospitals set discounts for patients and insurers who pay using PRSC, encouraging adoption and bolstering demand for PRSC.
- The discount rate is dynamic, meaning hospitals can adjust discounts based on demand and adoption levels.
Price Growth Mechanism for Investor Wallets
- Only a certain percentage of newly mined tokens will be allocated to investor wallets. Unlike Utility Wallets, Investor Wallets cannot interact with the healthcare payment system to prevent speculative interference.
- PRSC available for investors is limited, but can adjust dynamically to stabilize PRSC price growth.
Transaction Fee Model
- A small transaction fee is applied when PRSC moves between wallets, ensuring that high-frequency trading does not devalue PRSC.
- Fees can be dynamically adjusted within the system and redirected into buybacks, burns, or liquidity pools to maintain stability.
Market Buyback Reserve
- A portion of transaction fees is allocated to a buyback reserve that automatically purchases PRSC from the market to prevent sudden sell-offs.
- Helps maintain an upward price trajectory by absorbing supply fluctuations.
Why Hospitals Will Love PraesidiumCoin
Hospitals are one of the biggest beneficiaries of PraesidiumCoin, as it enables them to capitalize on unpaid medical debt instead of writing it off as a total loss. With PraesidiumCoin, hospitals can:
- Recover lost revenue from past-due medical bills.
- Reduce write-offs while still offering discounts to patients.
- Increase cash flow by selling PRSC to insurers and investors.
- Reduce administrative burdens by utilizing blockchain-based payments and smart contracts.
- Attract more patients by offering an alternative and cost-saving payment method.
Why Patients and Insurance Companies Will Love PraesidiumCoin
For patients, PraesidiumCoin represents an affordable alternative to traditional payments. For insurance companies, it offers cost-saving mechanisms that streamline healthcare expenses. Why patients and insurance companies will love PraesidiumCoin:
- Patients pay less by receiving discounted hospital bills when using PRSC.
- Medical costs become more predictable with blockchain-based payments.
- Easier access to medical services as hospitals are incentivized to accept PRSC.
- Insurance companies lower their claims costs when using PRSC as a preferred payment method.
- Increased financial transparency through blockchain records of payments and medical expenses.
Why Investors Will Love PraesidiumCoin
Unlike speculative cryptocurrencies, PraesidiumCoin is backed by real-world medical transactions, making it an attractive long-term investment.
- First-of-its-kind "Proof-of-Healthcare" mining model that creates real-world utility for crypto.
- Built-in scarcity mechanisms ensure steady price appreciation over time.
- Dual demand from healthcare and investors provides market resilience.
- Hospitals and insurers drive demand as they actively use and sell PRSC.
- Liquidity via exchange listings, enabling investors to buy, trade, and hold PRSC.
PraesidiumCoin Illustrative Example
Step 1: A Hospital Mines $1 Million in Past-Due Medical Debt to the PraesidiumCoin Blockchain.
- A hospital has $1 million in unpaid medical bills that patients have been unable to pay.
- Instead of writing off this debt as a loss, the hospital uploads it to the PraesidiumCoin blockchain.
- This triggers the minting process, where the hospital mines new PRSC tokens at current market prices. Assuming $1 per token, that is 1 million PraesidiumCoin tokens.
Step 2: Hospitals immediately burn a percentage of mined tokens.
Assume the dynamic burn rate is at 10%. This leaves hospitals with 900,000 Praesidium Tokens
Step 3: Hospitals can then sell their Praesidium Coins on Cryptocurrency exchanges.
- Assuming the dynamic share of Praesidium Coins allocated to investor wallets is 20%, 180,000 Praesidium Coins are sold to investors who expect prices to rise.
- The other 80%, or 720,000 coins, are sold to Utility Wallets owned by patients and Insurance Companies.
Step 4: Patients and Insurance Companies upload hospital bills to their Utility Wallets.
Assuming a dynamic discount rate of 10%, a patient with a $5000 hospital bill can upload it to his Utility Wallet and purchase $4500 in Praesidium Coins either from Investor Wallets or from hospitals. The hospital bill is automatically cleared from the patient's Utility Wallet and Praesidium Coins are simultaneously deposited to the hospital's account with everything recorded on the blockchain.
Step 4: A Dynamic Transaction Fee (2%-6%, for example) is applied to each transaction.
A 1% fixed fee for each transaction is allocated to PraesidiumCoin investors. An additional 1%-3% can vary based on the dynamic model in order to mainatain stable price growth and covers operational costs.
Step 5: The rate at which Hospitals can mine new Praesidium Tokens is determined by the model.
Assume that hospitals can mine 30% of the value of Praesidium Coins they receive as payments from patients and insurance companies. To mine an additional $3 million worth of Praesidium Coins using overdue medical debt, they would have had to receive $10 million worth of payments as Praesidium Coins over the last year. The process then repeats itsel