Page 4 - HopeCoin - Wealth is Mental Health

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HOPE-NOMICS

Measuring the Impact of the Hope Community

THE $HOPE COIN FUELS PEER-TO-PEER INNOVATION. We devised the term, Hope-Nomics
because hope is not just a feel-good word, and the impact of the $HOPE coin isn’t just a marketing
gimmick. The tokenomics of hope, a.k.a Hope-Nomics, is about converting investment in $HOPE into
transformative community mental health practices. These practices are proactive by addressing mental
health far in advance of the point of mental health crises.

The Hope Coin is the perfect tool to fuel the activism arm of our work, the Agents of Impact, which puts
the action in the individual’s hands instead of asking persons to raise funds to send to some ambiguous
organization or make billboards and TV commercials. Each token holder themselves not only takes a stake
in reducing rates of harm, but they will also be able to witness a direct, transparent, and transformative
impact. Furthermore, we need to deploy in every space, digital and physical -- and someone interested
in investing in $HOPE coin is just as likely to be a viable candidate as someone who reaches out to the
organization directly about volunteering.

Despite the glaring mental health crisis, it is shocking to see how little government funding is spent the area
of mental health relative to the size of the problem. Self-harm, cognitive, neurological, and substance use
disorders account for 12% of the global burden of disease. Yet, in 2016, the median government spending
on mental healthcare was 2.4% of all healthcare spending.

The lack of sufficient funding means 78% of those with mental illness in high-income countries—and
up to 96% in low-income and lower-middle-income countries—do not receive treatment. This massive
treatment gap indicates the need for more organizations and funding to solve the problem.

Effective altruism is a philosophy and social movement that advocates using evidence and reasoning to
determine the most effective ways to benefit others. Numerous pilot studies and randomized controlled
trials by an organization like the Mental Health Innovation Network have been conducted and show where
mental health resources can be prioritized for maximum efficacy.

Yet, many pilots lack prioritization to channel the talent and funding necessary to bring them to scale.
Thus the problem is not a lack of well-evidenced, effective treatments; they are not being implemented or
prioritized adequately in the non-profit sector.

Blockchain technology permits more decentralization yet greater collaboration, and that is the exact
formula needed to tackle a problem as complex as mental health. The Foundation will harness the power
of Decentralized Finance (DEFI) and blockchain technologies to promote and execute our mental health
initiatives. We will use Solana’s distributed ledger technology to conduct community management,
program coordination, fundraising, and digital content management. It will enable complete transparency
of our operations and partnerships. This incredible tech will permit careful analysis and measurement of our
program’s effectiveness to further our effective altruism mandate.

The Foundation will leverage the power of the $HOPE Coin to build financial resources and a global
community of partner organizations (Partners in Prevention) as well as social cause entrepreneurs (Agents
of-Impact) to launch compelling, proactive, and evidence-based initiatives to help close the massive
treatment gap in the mental health space and significantly improve the lives of thousands of affected
individuals.

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