We're thrilled to announce that dHealth will officially launch on the CØSMOS network on March 18th, 2024. This significant milestone signals the transition of dHealth from Symbol Catapult technology to the innovative CØSMOS SDK tech stack, focusing on maintaining the integrity of our tokenomics and seamlessly transferring existing token holdings.

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The current network will continue operating alongside the new CØSMOS-based blockchain for four weeks to facilitate a smooth transition. During this time, token holders are encouraged to migrate their DHP tokens via a dedicated one-way token bridge. This bridge will allow users to exchange their legacy tokens for an equivalent number of new tokens in their own CØSMOS wallet.

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dHealth will provide a detailed migration guide before the launch to ensure a hassle-free process for all our token holders.

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Token Supply Details

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The total supply cap for DHP tokens will remain at 2 billion, inclusive of all tokens currently in circulation across Ethereum and BNB Chain. At launch, approximately 1.8123 billion DHP will have been minted. To make provisions for future staking initiatives on the new dHealth Network, we will burn 200 million DHP, or 10% of the maximum supply, during the migration. Consequently, 1.6123 billion DHP will be available on the new dHealth Network on the launch day.

Staking and Inflation

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The new dHealth Network on CØSMOS will continue as a proof-of-stake blockchain, with security provided by DHP holders delegating their tokens to validator nodes. Staking rewards on the CØSMOS-based blockchain will vary between 5-10% of the current supply per year, distributed constantly to staking accounts, with an unbonding time of just 24 hours.

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Validator Nodes

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The network will launch with five validator nodes, inviting all interested parties to participate in the decentralization effort by running a validator node. The current setup allows for a maximum of 100 validator nodes.

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Governance

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The CØSMOS ecosystem's advanced decentralized governance model has been adopted, featuring a governance module currently assigning more voting power to those holding more significant amounts of DHP. We are currently refining the voting process for dHealth Network.

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Smart Contracts and Tooling

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dHealth Network has integrated COSMWASM for smart contracting within the CØSMOS ecosystem. We've also adopted the Big Dipper Explorer for launch, and initial wallet support will include Leap Wallet and Keplr Wallet (pending).

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Exchanges

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We're collaborating with MEXC and P2B to facilitate the deposit and withdrawal of CØSMOS-based DHP. Additionally, DHP will be available on OSMOSIS, the largest DEX in the CØSMOS ecosystem.

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We're excited for you to join us on this new journey with dHealth on CØSMOS, marking a significant step forward in our mission to revolutionize digital health through blockchain technology.

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