JACKSON, Wyo.–(BUSINESS WIRE)–Galvan, a leading health and wellness company in the Web3 space, today announced the launch of its blockchain dedicated to health and wellness.
“Galvan Blockchain” is a layer-2 of Ethereum and is governed by Galvan node owners, which facilitates reward distribution and voting proposals. Before the launch, over 1,200 node owners in 30 countries participated in node network testing – which laid the foundation for becoming the global blockchain for healthcare transactions. “Our mission is to improve the health and well-being of people around the world,” says Galvan CEO Adam Sharp. “We believe blockchain technology is a powerful tool to achieve this goal, and we are excited to lead the way in this space.”
Rewards for healthy actions
The Galvan Blockchain will power a unique digital reward economy for the Galvan Wellness app. The app will use proven methods that encourage healthy decisions, allowing users to track wellness and earn “IZE” rewards from the blockchain with friends and family.
One of the first action points that will be rewarded is exercise. According to the US Department of Health and Human Services, just 150 minutes per week of moderate intensity has major health benefits. App subscribers who own and operate nodes will be able to connect to popular fitness devices, track their elevated heart rate and earn rewards from the blockchain when these recommendations are fulfilled.
The rewards will then be able to be spent on a wellness marketplace and transferred to the Ethereum Blockchain. The app is currently in private beta and is expected to be released in early 2023.
Get involved
Support Galvan Blockchain with your own nodes:
Join the Galvan Wellness App waiting list:
Disclaimers
Rewards are not available for purchases from Galvan. They are digital rewards earned in exchange for work and action on the Galvan Blockchain. The digital reward is designed to benefit the Galvan platform for the purchase of Galvan’s products and services. The digital reward is not an investment product and can never have any value outside the Galvan platform. Galvan Node owners should not expect to recognize any value from the digital reward other than its utility with Galvan. Galvan does not expect correlation between the digital reward value and Galvan’s business activities.
This press release may contain forward-looking statements that involve significant risk and uncertainty. Forward-looking statements discuss plans, strategies, prospects and expectations regarding the business, operations, markets, risks and other similar matters. There may be events in the future that we cannot accurately predict or control. Any forward-looking statement contained herein speaks only as of the date it is made. Factors or events that could cause our actual results to vary may arise from time to time, and it is not possible for us to predict all of them. We do not plan to publicly update or revise any forward-looking statements except as required by law.
