Virtual Rehab’s evidence-based solution leverages the advancements in virtual reality, artificial intelligence, and blockchain technologies for psychological rehabilitation of vulnerable populations (pain management, prevention of substance use disorders, enhancement of autistic individuals’ communication skills, and rehabilitation of repeat offenders)
Dear Virtual Rehab Community,
We hope you are doing well.
Since our inception back in 2017, we strongly believed in providing our supporters with complete transparency about our business and our operations.
Therefore, in this Medium article, we will be going into much detail about the plans we have already set to make best use of the funds raised as part of the upcoming Virtual Rehab Public Sale.
Kindly take the time to go through these plans and please do not hesitate to let us know should you have any questions. We are here to answer any and all of your questions.
ICO Distribution & Use of Funds Overview
So, let’s start by reminding everyone of our tokenomics:
- Total Supply = 336.225 million VRH tokens
- Max Supply = 400 million VRH tokens
The ICO Distribution of the 400 million VRH tokens is as follows:
- Token Sale: 60%
- Future Development Fund: 10%
- Partnerships: 10%
- Marketing, Services, & Advisors: 5%
- Founders & Team: 15%
Virtual Rehab will use the raised funds as per the distribution below:
- 50% for Future Development
- 30% for Marketing
- 20% for Partnerships
Below is a summary of all lock-up conditions:
- Bonuses = 3 months
- Private Sale = 6 months vesting
- Marketing Services = 2 months lock-up
- Bounties = minimum 2 months
- Advisors = 12 months
- Founders & Team = 24 months
Definitions
- Future Development: Further product development (VR programming, enhancement of unique expert system, blockchain integration, new features launch, telemedicine platform, and further enhancement of the online portal), research & development, hiring of additional staff, opening of Virtual Rehab Therapy Centers (to leverage our solution and serve users directly — will be the first centers worldwide to leverage VR, AI, and the blockchain technologies altogether)
- Marketing: Seminars, conferences, hosting, pilot programs, exchanges, sponsorship, etc.
- Partnerships: Virtual Rehab will be looking to seal new strategic partnerships with leading universities and institutions from around the world.
Additional Detail About Use of Funds
For additional transparency towards all of our supporters, we have decided to share our resource planning along with the detail around our spending.
We have divided this into three different categories:
- 20m USD raised
- 10m USD raised
- 5m USD raised
These three categories should provide you with the complete visibility of our expansion plans based on the amount raised as part of the Virtual Rehab Public Sale.
So, without further ado, let’s get cracking with this.
20m USD Raised
Key Highlights
- This best case scenario will allow us to onboard a highly skilled and a highly professional team that will expedite our time-to-market (TTM) in further expansion of our product portfolio and meeting high customer demand
- Salaries offered are extremely competitive and will allow Virtual Rehab to hire the best resources out there
- By Year 3, Virtual Rehab will have 4 offices worldwide
- By Year 3, Virtual Rehab will have 8 Virtual Rehab Therapy Centers (VRTC) worldwide
- A conservative 20% overhead has been factored in for all ongoing business expenses not including or related to direct labor or direct materials used in creating a product or service
- All average salaries indicated are a reflection of total compensation (i.e. includes all bonus, commissions, incentives, etc.)
- Raised funds should give Virtual Rehab a runway of 23 months
10m USD Raised
Key Highlights
- This intermediary scenario will allow us to onboard a skilled and a professional team that will allow us to expand our product portfolio and meet reasonable customer demand
- Salaries offered are competitive and will allow Virtual Rehab to hire resources with good expertise
- By Year 3, Virtual Rehab will have 3 offices worldwide
- By Year 3, Virtual Rehab will have 4 Virtual Rehab Therapy Centers (VRTC) worldwide
- A conservative 20% overhead has been factored in for all ongoing business expenses not including or related to direct labor or direct materials used in creating a product or service
- All average salaries indicated are a reflection of total compensation (i.e. includes all bonus, commissions, incentives, etc.)
- Raised funds should give Virtual Rehab a runway of 17 months
5m USD Raised
Key Highlights
- This worse case scenario will allow us to onboard a skilled and a professional team that will allow us to expand our product portfolio and meet limited customer demand (i.e. we will need to prioritize contracts according to their size and their importance)
- Salaries offered are fairly competitive and will allow Virtual Rehab to hire resources with good expertise
- By Year 3, Virtual Rehab will have 3 offices worldwide
- By Year 3, Virtual Rehab will have 3 Virtual Rehab Therapy Centers (VRTC) worldwide
- A conservative 20% overhead has been factored in for all ongoing business expenses not including or related to direct labor or direct materials used in creating a product or service
- All average salaries indicated are a reflection of total compensation (i.e. includes all bonus, commissions, incentives, etc.)
- Raised funds should give Virtual Rehab a runway of 13 months
Final Thoughts
Kindly note that all data shared in this Medium article are based on average salaries and will vary depending upon the region, the experience, and the expertise of the hired personnel.
Also note that the previously highlighted plans may be further augmented by the additional revenue generated by the Virtual Rehab team from existing sales.
In addition, note that Virtual Rehab also reserves the right to prioritize the hiring of certain resources over others to ensure the continuity and the success of our business.
Finally, note that the previously shared plans are purely based on the funds raised as part of the Public Sale and excludes the allocated funds as part of the ICO Distribution for Future Development, Marketing, and Partnerships, which will be used when deemed appropriate.
We certainly hope that in this Medium article we managed to provide our supporters with additional transparency regarding Virtual Rehab plans for using the funds raised as part of our upcoming Public Sale.
In case you have any questions, please do not hesitate to reach out to us in our Telegram Group or any of our social media platforms. We will be delighted to answer any and all of your questions.
And always remember …
Be Safe and Make a Difference in this World !!!
Peace Out !