to shock or excite someone into taking action. IZE is the native utility token of the Galvan Blockchain and incentivizes all the right actions in the ecosystem, from running a node to going on a run.
IZE is used for.
- Fees for processing transactions
- Staking for new voting proposals
- Rewarding active Node Owners
- Rewarding healthy decisions in the Galvan Wellness App (coming soon)
- Purchasing health and wellness products in the Galvan Marketplace (coming soon)
You can get a deeper dive of IZE in Galvan’s Litepaper. https.//www.galvan.health/litepaper
What is the Galvan Blockchain?
The Galvan Blockchain is a layer-2 of Ethereum focused specifically on empowering wellness. It is unique for three reasons.
1. The “Proof of Action” distribution algorithm that follows Swiss utility token standards
2. Scalable blockchain-rewards system for healthy actions
3. Easy participation through Node Software
The long-term vision of the Galvan Blockchain is to become the foundation for health and wellness data and transactions. Imagine a world where you can store and manage a decentralized health record, earn rewards and subsidize healthcare costs through healthy actions, and participate in peer-to-peer research studies—all powered by the Galvan Blockchain.