The IMM Token — Utility, Value, and Opportunity
IMM tokens are utility-based tokens representing value and opportunity, which aids in accomplishing the healthcare goals of the Immunify.Life ecosystem, thus, serves as the governance token for the platform.
Every token housed on a blockchain platform accomplishes a particular objective, whether community cohesion or the completion of the platform’s developmental goals. This is the same idea behind IMM — it performs various functions within the Immunify.Life ecosystem and is the primary mechanism for distributing value throughout the community.
The blockchain phenomenon is becoming ubiquitous as the technology transforms various global industries, Immunify.Life intends to bring this disruptive technology to the healthcare space, providing innovative solutions to old problems while saving lives. IMM tokens will play a big role in this coming healthcare revolution.
A token’s utility is usually directly tied to the value it provides within and outside of its platform. This article explores the functionality, practicality, and benefits that the IMM tokens offer its users and the healthcare industry.
What is an IMM Token?
The IMM token is a tradable ADA token on the Cardano blockchain. It serves as the primary mechanism for value transference within the Immunify.Life ecosystem. IMM will facilitate transactions between platform participants, including the ImmunifyLife community, potential new investors, healthcare industry experts, and enthusiasts.
The overall goal of Immunify.Life is to create an ecosystem that improves the health and well-being of individuals by harnessing the value of de-identified medical data. IMM provides unique utility within this scope, creating an incentive system that rewards good patient behavior and dedicated healthcare workers. IMM tokens are the lifeblood of the Immunify.Life platform. Together, they will improve healthcare data management, enhance treatment and save lives.
The IMM Token and Its Value Utility
Immunify.Life is a user-centric platform since user-generated and user-controlled health data lies at the nucleus of the ecosystem. The IMM token is also user-focused, with various utilities designed around the users and holders of the token. Users are empowered to share in the value that is inherent in their (de-identified) medical records
Immunify.Life is a hub for medical interactions and information flow between the patient and healthcare providers; hence the value of the IMM token is centered around this concept.
Every user of Immunify.Life app will have a digital wallet, and IMM tokens will serve as a payment settlement layer for these app users. Users of the app and holders of IMM tokens can use them to purchase goods and services, access medical data, or acquire digital medical certificates in the form of NFTs.
The IMM token technical architecture comes with the following utility:
- Value Transference: IMM tokens are an apparatus to transfer value within the Immunify.Life community. Organizations such as Governments, NGOs, and pharmaceutical companies can use them to sample detailed real-time medical data and to monitor the impact of their investments or donations.
- Staking utility: IMM tokens have an in-built staking mechanism that allows users to stake their tokens and earn rewards in the form of fees from data samplers. Data samplers can also participate in “Engagement staking” to earn rewards.
- Medical Incentivization: IMM tokens function as an incentive for good patient behavior by financially rewarding patients for adhering to their doctor’s prescription or completing treatments. Organizations like governments and NGOs provide IMM tokens as rewards to encourage/reinforce positive behavior such as taking medicine or getting tested.
The Vision for How IMM Can Change Healthcare
The World Health Organization reports that infectious diseases continue to be a major threat to the health of people all over the world. Even though healthcare costs already account for more than 10% of GDP in several economies in the first world, Africa has 24% of the world’s disease burden but only 3% of the global health workforce and 1% of global healthcare investment. Also, the life expectancy in some African countries is less than 55 years, compared to 85+ years in several first-world countries. Over 1 billion people in Africa do not have their medical data captured electronically, as most clinics still rely on paper-based systems.
The deployment of Immunify.Life and IMM tokens can solve the healthcare delivery problem by helping to build up Africa’s healthcare infrastructure, which would aid in resolving the issue of lack of healthcare services for most of the populace.
Proper data management plays a significant role in healthcare infrastructure. With it, healthcare personnel can analyze medical information and gain better insight into a patient’s problem, improving tracking and management of patients, leading to better diagnosis, treatment, and, consequently, better medical outcomes.
This is the solution Immunify.Life provides — an efficient approach to healthcare data management through its blockchain-powered ecosystem. IMM tokens will not only facilitate the overall operation of Immunify.Life and its services. It will usher in a new era of medical compliance through an incentive system, driving positive behavioral change in disease management.
The Immunify.Life solution will simplify the healthcare business and ensure that developing nations have the critical tools to deliver premium healthcare services to the masses. Immunify.Life provides a zero-cost system for the end users like doctors, clinics, and patients. All they require is mobile data and a phone to operate.
How Patients, Doctors, and Investors Can Earn IMM
Today, data collection issues account for a whopping 50% delay in clinical trials. This problem presents an earning opportunity via Immunify.Life and IMM tokens. Patients, doctors, and investors can earn IMM Tokens by taking advantage of the platform’s innovative incentive system.
Patients
Under this system, patients who provide consented medical data or achieve defined medical goals are eligible for token rewards. These medical goals can include medication, completing a vaccination program, or other specified treatments. The Immunify.Life ecosystem issues every user with a token wallet. Patients get rewarded whenever an organization accesses their (de-identified) medical records. The patient will receive a proportion of fees generated as their reward. This reward system will help drive user adoption and encourage patients to perform positive health actions.
Medical Personnel
Medical doctors, nurses, and other personnel can also benefit from Immunify.Life system. Medical personnel that performs positive health actions also get assigned a token wallet and can earn rewards. These actions could range from completing treatments, administering proper medication, or accurately uploading medical data. This approach to healthcare will reduce inefficiencies and incentivize positive medical outcomes.
Investors
Investors and holders of the IMM tokens can lock up their tokens within the system’s liquidity pool through staking or yield farming to earn rewards. Also, as Immunify.Life solidifies itself as a modern digital healthcare solution and demand for its services increases; early bird investors will gain first movers advantage and could benefit from favorable price action.
About Immunify.Life
Immunify.Life is a healthcare solution ecosystem seeking to solve the current global health management and data collection challenges faced around the world. Immunify.Life has more than 60 years of combined healthcare, technology, and financial experience.
The Immunity.Life international management team comprises healthcare entrepreneurs, doctors, and developing market finance specialists. Having worked with international development agencies, non-governmental organizations (NGOs), and governments in emerging economies, the team is conscious of the issues plaguing the healthcare industry.
Immunify.Life was developed as a response to these problems 一, a self-sustaining platform whose purpose is to strengthen global health systems and access to health data through its incentivized data capture system.
