GAINS AMA with Immunify.Life — July 22
On Friday, July 22, we had the pleasure to welcome to our Telegram chat:
We asked them questions about the development of Immunify.Life.
Some sentences have been slightly edited for readability but the meaning has been conserved.
Q — Ayeley from GAINS: Let’s begin with an introduction of yourself — for both your traditional work experience and your blockchain background? Also, if there’s anything you can tell us about the team.
A — Sam from Immunify.Life: I started my career over 22 years ago as a C++ Software Engineer within the high-stakes, fast-paced world of options market making and trading.
Keeping as hands-on as I could, I have been fortunate to have worked with some of the premier players in the industry and allowed to build several exceptional teams. I have helped build several high-achieving firms from the bottom up in a very competitive space.
The team is a fantastic set of talented people, bringing to bear 60+ years of medical knowledge and crypto experience, technology, and marketing. They are spread across the planet making us a truly global team. We are very proud and fortunate.
A — Guy from Immunify.Life: : Hi everyone I’m Guy Newing. The founder. I have lived in, visited, and worked in more than 50 countries and spent over 20 years in international healthcare. I have built and successfully exited several healthcare businesses. I have been working in the crypto space since 2017.
Q — Ayeley from GAINS: Can you please give us a high-level overview of the description of the Immunify.Life project?
A — Sam from Immunify.Life: Immunify.life is a data-focus Medical Tech company looking to leverage the latest blockchain and crypto tech to unlock the value in data to solve pressing health issues in developing countries and impoverished societies.
We are using blockchain technology to save lives and make a real difference in the world in Africa and other areas around the globe
Q — Ayeley from GAINS: What are the main features of the project?
A — Sam from Immunify.Life: There are 3 main features of our project:
The Immunify Clinical platform manages patient interaction and records healthcare records, much like you may find in a hospital or Doctors surgery.
A Patient App, gives the patient access to their wallet, allowing them to sell, stake, and transfer their IMM tokens, as well as access to their medical records when available.
Also, the Token, the engine room behind Immunify.Life. Our Token represents our Data Economy; it allows patients to stake and receive fees for their data from “Data samplers” who must buy and stake tokens representing the data they are utilizing.
Q — Telegram user Vector: What are the main problems in traditional HealthCare System that Immunify.Life is trying to solve?
A — Guy from Immunify.Life: In Africa, they rely primarily on paper based systems so they cannot easily track and monitor patients so systems are open to inefficiencies, mismanagement and corruption.
Q — Twitter user @rami35820431: Who’s your target audience? Do you think the average retail inverter would understand the concept of how revenue is generated?
A — Guy from Immunify.Life: Main customers for data will be NGOs, government pharma companies, and health insurers. They will buy the data from us, with Immunify and patients benefit.
Main customers for data will be NGOs, government pharma companies ,and health insurers. They will buy the data from us, with Immunify and patients benefit
A — Sam from Immunify.Life: I’d also like to quickly add to that. We all know the value of data in our modern world. We capture data through functional systems, securely and ethically provide de-identified data for analysis, and allow the rightful owners to benefit from its revenue.
Q — Ayeley from GAINS: What blockchain(s) is Immunify.Life currently targeting?
A — Sam from Immunify.Life: We are running our testnet to support the Kenyan work on Ether. For the next stage we are planning to use Cardano, as we and they build capability. We see our future as blockchain agnostic.
Q — Telegram user Shandukani: How can Doctors and Nurses benefit from your platform?
A — Guy from Immunify.Life: Incentives can be provided to Health workers to do certain things like testing for a disease or vaccinating children. Also, the system will allow doctors to track and manage their patients better.
Q — Telegram user Sigma rule 🎧: What are the biggest strengths of your project?Can you share with us your visions which make it different from competitors?
A — Sam from Immunify.Life: We see several strengths, our great team, our tech, and, importantly, our partnerships in Africa and the USA, MMUST University in Kenya and State of the Heart in New Mexico. Very few companies of our size can roll their systems out to real patients in critical need. Our vision is to take the concept global and provide healthcare equity to as many people as possible.
As it is known in the field of health, there is injustice and inequality in many countries. So how can you guarantee us that the Immunity.Life project will treat everyone equally and fairly? How does Immunity.Life follow a path to ensure justice in the field of health and not only serve the elite and the rich?
A — Guy from Immunify.Life: This is a real challenge; we plan to work with governments and NGOS to provide the service where it is most needed. The system is provided at no cost to the end user so that should help ensure more open access.
One thing that caught my attention about your project is Immunify Foundation, a philanthropic DAO but what function will this DAO have within the Immunify Life ecosystem? Why do you consider it a philanthropic DAO? Will the community be able to vote and make decisions in that DAO?
The Foundation will benefit from staked tokens that are directed to the foundation. We will use a DAO structure to decide on how those funds are deployed.
Q — Telegram user Joshua: What part of the world or community are you currently focused on to eliminate geoeconomic barriers to treatment of patients?
A — Sam from Immunify.Life: We are active in Kenya, awaiting approval in Zambia and starting a new project in New Mexico. Someday soon, we hope to see everyone have secure access to their own healthcare data.
Q — Telegram user The Curious 👀: Who verifies that the data provided by patients within the ImmunifyLife app is true? Do you have affiliated health care institutions that verify this?
A — Guy from Immunify.Life: The data is collected by healthcare workers at the time they are delivering treatment, so when people visit the clinic so data is verified by the clinician the systemtm has incentives we can provide to healthcare workers to encourage them to use the system.
Q — Telegram user Topind: I want to know why the shift from Legacy Health IT systems to novel technologies is a must?
A — Sam from Immunify.Life: Legacy often = paper-based and old opaque systems. Or in a lot of cases, no system. We provide the system for free.
I heard about the first HIV Clinical Platform & Patient App development by Immunify Life has completed. What’s exactly the goal from this program ?
A — Guy from Immunify.Life: Our goal is to improve the health and wellbeing of those in need and empower people to take control of their health data, we want to work with local communities to make a difference.
Q — Telegram user Murthy Rajpaksha: What are your current Clients? What do you think is the main reason in expanding it to Developing countries over Developed Countries?
A — Guy from Immunify.Life: In some ways there are more opportunities in emerging economies, sometimes it is difficult as data networks are not as well established, and phone ownership is not as high.
Q — Telegram user Juan: What are the metrics you follow to determine how many tokens it will be assigned to a patient and a doctor?
A — Sam from Immunify.Life: It will be based on a number of factors, including the program the clinic or NGO is deploying and where. Such a fair incentive it reached. Various socioeconomic factors. our program in Kenya for example, we need to provide payment enough such that patients can attend clinics that would involve travel and take time off work. therefore, this was factored into the token value.
Q — Telegram user James: How will Immunify.Life eliminate geoeconomic barriers to treatment?
A — Sam from Immunify.Life: We are trying to eliminate barriers by releasing the value in everyone’s data. A major barrier to treatment in Africa specifically is financial, and people simply cannot afford to visit treatment clinics, our tech makes it possible for them to do so, and possible for there to be effective management when they are there.
Q — Telegram user Patrick: I understand that Immunify Life’s underlying asset is data, but I would like to know how you generate revenue with the data you collect from their users? How will investors make a profit and a good return with Immunify Life?
A — Sam from Immunify.Life: You are correct, the token represents the de-identified research data; samplers of the data buy tokens and ‘stake’ them for the duration of their engagement, on the other side, patients or crypto investors stake and receive fees from the usage of the data. An elegant model whereby patients and investors reap the benefit. Data samplers like NGOs may also buy and stake tokens to reduce data fees, therefore increasing demand further.
Q — Telegram user Sonic: What solution does Immunify have can directly address some of the world’s major health challenges like COVID19?
A — Guy from Immunify.Life: Our system collects real time data for covid. We are trialing NFT vaccination certificates (could also be used for other vaccines like malaria, yellow fever etc) the doctor records vaccination date and expiry and batch numbers with the patient’s identity making a secure accurate record on an NFT.
Q — Telegram user haise NewWeLL: In your deck, I read about the charitable DeFi arm. Would You Please Tell Me More about this, and What are its Main Benefits?
A — Guy from Immunify.Life: Charitable DeFi will give investors an opportunity to stake their tokens and allocate a portion of their APR to the foundation. The Foundation will have a DAO structure to allocate the funds
Q — Ayeley from GAINS: Can you please explain to us the utility of the token and all ways that it can be used to add value to holders?
A — Guy from Immunify.Life: There is strong token utility. Tokens are used as incentives to reward patients and doctors to improve health organizations who want to access the data needed to acquire tokens. The more data we collect the more tokens are required for sampling.
Q — Twitter user @hahuhahuha234: Buyback mechanism is a very good mechanism being used by many projects. This mechanism will bring many benefits to your project. Do you plan to add this mechanism to your project?
A — Guy from Immunify.Life: This is our proof of the business model, unique utility of our Token. When a service transaction arises from NGO, countries and foundations and any other business that want to use Immunify.Life’s services and software. The IMM token is used as a payment settlement layer where 50% of the funds received will be used to purchase IMM tokens off the market, and 50% will go to Immunify.Life for rollouts and supporting its core business.
Q — Telegram user Crypto Trader: The $IMM token is on the Cardano blockchain. Why was Cardano chosen?
A — Guy from Immunify.Life: We like Cardano as we are aligned in our focus on making a difference in Africa, they promise high speed, high capacity and low fees, all of which is essential for a health platform managing hundreds of transactions per second, also pretty green.
Q — Ayeley from GAINS: The most important asset that Immunify Life has is the data and anonymous information of its users. Can you explain how secure the data collection process is? What mechanism do you have in place to protect the data from external contamination?
A — Sam from Immunify.Life: Great question, and one we take extremely seriously. You are correct; health data is the most sensitive and personal of all. We are being entrusted with securing people’s most precious data; It is information about themselves, their families and loved ones.
To operate within this space, we are bound by many strict regulations. For example, we have had to acquire government regulatory and university ethics approval to conduct our current study in Kenya.
Over and above this, we use best practice techniques to ensure everyone’s data is stored at the highest level of security. To participate in the study, the patient must also provide informed consent four us to share their data. Hope this helps answer your question.
Q — Telegram user Dino Vasishtha: How is Immunify.Life integrating with NGO’s & Institutions? And what would their roles be in your ecosystem?
A — Sam from Immunify.Life: We have a strong network and relationship with several NGOs, we integrate by providing them with a platform to deploy their care and clinical program, as well as the real-time and end of program data to analyse. Our tech and crypto helps them reach and treat as many people as possible.
What security measures does Immunify Life have in place to protect our private data from hacking attacks?
A — Sam from Immunify.Life: We follow all regulatory requirements and attempt to go above and beyond. In the US for example, we will be HIPPA compliant when working with our partners as State of the Heart recovery. In Kenya we have had to go through government and university approval processes.
Q — Telegram user Munish ₿ 🇮🇳: Do you guys have support for any government or semi- government enterprises? What will be the impact on Immunify.Life due to cryptocurrency Regulation barrier in some Big countries?
A — Guy from Immunify.Life: Currently we are working in Zambia to get regulatory approval to commence a study in three centers to evaluate creating vaccination certificates. In Kenya we are working with AMPATH, an international NGO. The HIV study which is starting next week in Kenya will open many doors to governments who want to improve health outcomes.
Q — Ayeley from GAINS: In what ways are you different from other healthcare projects?
A — Sam from Immunify.Life: There are many differences, we are looking to address fundamental challenges faced by developing countries by
Providing the system at no cost to end users, eliminating cost as a barrier to wide scale acceptance;
unlocking the value in data and putting it to use by providing comprehensive medical platforms, helping with efficiency, reducing theft, and effective patient management;
providing an inherent behaviour-changing token incentivisation model. Patients who die because they cannot afford to access treatment now can.
and we align profits and purpose, including and most importantly for all token holders, be they patients or crypto investors.
A — Guy from Immunify.Life: We stand out from other health projects as we have a solution that healthcare workers can use at no cost and it can directly address some of the world’s major health challenges like HIV, OPIOID addiction and COVID. There are significant revenue opportunities so the business will be here for the long term.
Q — Ayeley from GAINS: How important is the community for your project?
A — Sam from Immunify.Life: At Immunify.Life, we believe that the community is a very important part of the project’s development and success. In the coming months we plan to launch many activities to promote the community growth and reward our most supportive members.
If you have any questions feel free to join our community we are always happy to help, learn and teach.
A — Guy from Immunify.Life: We like to look at our community as if they are part of our family. We thrive for community engagement, feedback and always enjoy making sure all our members are happy and satisfied in our community!
Q — Telegram user Maleficent: Even though we had great technology today, the world struggled a lot in the current pandemic. Do you think Immunify.Life can contribute a good solution for this problem?
A — Guy from Immunify.Life: Our system if used by doctors will provide real time tracking of disease and health so it would be very helpful in managing and tracking any disease outbreak
Q — Twitter user @iracundito: From what I have read, you at Immunify Life are very focused on the African continent. What are your plans to expand to other latitudes, such as Europe and Latin America? What are the next regions where you hope to develop your initiative?
A — Sam from Immunify.Life: Africa is our starting point, as Africa is where the pressing need is. There are limited/inadequate systems, often paper-base, there is no ability or desire for improvement from the government, this is leading to preventable death on a catastrophic scale.
The concept of giving everyone sovereign ownership of what is rightfully theirs will spread globally,
A — Guy from Immunify.Life: We are also working in the US and New Mexico to use IMM tokens to address Opioid addiction, there is a massive health issue and we can make a difference.
Q — Telegram user Boylut: I think one critical health Challenge that no one seems to talk about is the issue of Mental health. A lot of vibrant youths have died because of depression due to stress and the likes. I would like to know how Immunify thinks the issue of Mental health could be addressed. How do you intend to raise this awareness through your project?
A — Guy from Immunify.Life: There are so many important health challenges at this moment we are focussed on HIV, Opioid and COVID but as time progresses, we can address more.
Q — Telegram user Kath: Does Immunify Life plan to partner with third generation blockchains to build fast, scalable structures?
A — Guy from Immunify.Life: It’s a good point that we will need a blockchain that is fast, scalable, and inexpensive to allow us to grow.
Q — Telegram user erza Scarlet: How do you guys implement the Immunify project and the vision of the Immunify project so that it is easily accepted in the health industry or people in Africa in certain areas and investors?
A — Sam from Immunify.Life: Nothing comes easily. The team has been working very hard to build relationships and trust with our clinical partners, allowing us to achieve what we have achieved to date.
One of the best ways for people to make good investment decisions is transparency in the deployment of health resources. How does the Immunify project improve the investment decisions of companies that are related to medical care or service?
A — Guy from Immunify.Life: Accurate real time data that captures treatments and health outcomes will provide great insights for payors like NGOS and governments who fund health programs.
Staking is one of the several ways to keep the project ecosystem up and running and, increase the value and price of the corresponding token. What are the requirements to participate in staking $IMM? And what’s in for me as an investor in terms of APR and governance proposal?
We have a well-designed staking protocol that will give good APR and also help drive health improvements. Join our telegram group to find out more in the coming weeks as we ramp up to listing.
Sam and Guy, thanks for coming into our community, and taking the time to answer our questions. Do you have any final words for us?
Please feel free to share any links you would like to with our community as we wrap up. — Ayeley Commodore-Mensah from GAINS Associates
Thanks everyone! I had a great time hosting the AMA with your community today! If you have anymore questions please hop into our Telegram group and we’d be happy to welcome you into our Immunify Family
Make sure to check out our other socials to stay up to the most recent updates on Immunify! So great to see such an amazing response! — Sam Basilly from Immunify.Life
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