Address of Contract: 0xd898a60a66ab9f97b3b0d9b0ec56b16ff6592055

Recent years witness the golden period when blockchain development enters the fast lane, and blockchain technology is integrating with various fields, continuously bringing forth innovation and vitality. At present, the application of blockchain has been extended from the single digital currency application to various fields of the global economy and society with a more mature ecosystem. Against this macro background, many international projects have released blockchain-related products, among which IMHC gradually emerged with the world's first healthcare token in the decentralized financial ecosystem. IMHC is an open healthcare protocol for the world. Its mission is to support public charity, help the disadvantaged and improve the basic services of health. The Internet has broken the geographical and national boundaries of information dissemination, thus greatly promoting the economic, political and cultural development of mankind. Meanwhile, IMHC will further break the barriers of financial and value dissemination based on national boundaries and have a profound impact on the world.

IMHC, as the world's first healthcare token in the decentralized financial ecosystem, serves as an application scenario for healthcare institutions around the world and will serve and promote global healthcare development. As a token in the healthcare field, the protocol of IMHC has the functions of deposit, borrowing and clearing and IMHC has always been concerned about the disadvantaged in the world. In the protocol, 50% of the spread between deposit and borrowing will be donated to those in need of help and charitable organizations such as The Global Fund to Fight AIDS, Tuberculosis and Malaria (GF), The International Committee of the Red Cross (ICRC), and the United Nations International Children's Emergency Fund, Friends of the Earth International, World Vision International, Oxfam, International China Concern (ICC), etc. This is the ultimate mission of IMHC.

Introduction of IMHC

IMHC is a protocol on the Ethereum blockchain. It creates token markets and is the pool of tokens with algorithmically derived interest rates based on the supply and demand for tokens. Suppliers (and borrowers) of assets interact directly with the protocol to earn (and pay) variable interest rates without negotiating terms such as maturity, interest rates, or collateral with peers or counterparties. The lender provides liquidity by depositing crypto tokens into a smart contract. At the same time, pooled funds can be borrowed and lent through collateral in the same contract. Instead of matching individually, the loan relies on pooled funds, as well as the amount of borrowing and collateral. In IMHC, anyone can store, trade and invest their assets in a secure and distributed manner, thus achieving much higher returns than in the traditional financial system.

Advanced Algorithm of Loan Pool

The core contract of the loan pool is the heart of IMHC, which keeps the status of all reserves and assets and handles the basic logic, including index accumulation, interest rate calculations, etc. The core concept in loan pools is the reserve: each pool has reserves of multiple tokens, and the total amount of Ethernet is defined as total liquidity. Users can lend these funds, provided they lock in larger value as collateral. Specific tokens in the pooled reserve can be configured as collateral or not, and only low-risk tokens are considered. The amount one can borrow depends on the deposit tokens available in reserve, and each reserve has a specific loan-to-value (LTV) ratio calculated by a weighted average of the different long-term LTV of the tokens constituting the collateral. The weight of each LTV is the equivalent amount of collateral in ETH.

There is no repayment schedule for the loan, and partial or full repayment can be made at any time. In the case of price fluctuations, borrowings may be liquidated. A liquidation event occurs when the price of the collateral falls below the liquidation threshold. Reaching this ratio will bring liquidation dividends, which will reward the liquidator with a discount to purchase collateral. Each reserve has a specific liquidation threshold. Using the same method as LTV, the calculation of the average liquidation threshold is dynamic, adopting the weighted average of the collateral-based asset liquidation threshold. The data provider of the loan pool performs calculations at a higher abstraction layer than the core of the loan pool and provides data for the loan pool.

Ecological Governance

IMHC will start from the centralized control of the protocol, and will transition to the control of the community and stakeholders over time. The following rights in the protocol are controlled by the management or governance committee. The authority of the protocol is controlled by tokens, and governance starts on the framework of DAOStack, which will eventually evolve into a fully autonomous protocol, meaning that all votes are binding and actions after the vote are coded and must be executed to full autonomy.

In IMHC protocol, governance will be carried out at two levels: First, for the decisions related to protocol parameters and smart contract upgrades, the governance vote of the protocol will be weighted by IMHC. The second is the governance of the fund pool, in which voting is weighted based on its share in the liquidity of the fund pool. Voting covers parameters of a specific pool, such as assets used as collateral or borrowed. Under the protection of protocol governance, each pool has its own governance.

IMHC Brings Value Back

IMHC challenges the lending model of traditional centralized financial service providers, and launches decentralized "lending is mining" to build a frictionless, efficient and decentralized new market mode, so that users can gain more value in a more fairway.

With the development of blockchain technology, there are more and more valuable and applied digital tokens. IMHC is trying to solve the problem of holding digital assets, namely the financial rate of return, through the innovation of the lending process. One core of IMHC is the ability to provide individuals with the time value by trading digital assets.

Introduce Eco-Tokens

IMHC token is a unique investment in the crypto space and beyond, blending the best of traditional finance and blockchain technology. The value of IMHC tokens is tied to the consensus of the token holder and can be securely stored, transferred or traded. IMHC tokens are distributed directly to IMHC token holders through a distribution mechanism. Users can decide to redirect their interest stream to any Ethernet public address.

IMHC tokens boast the advantages of the traditional asset as well as the innovative functions of digital tokens. The reasonable allocation of interests to all participants in the community realizes value interconnection to achieve a true win-win situation, which is the basis for future IMHC ecological diversification. 48 million IMHC tokens are issued, which are allocated as follows: 10% of them are used for airdrop incentives, 10% for mining pools, and 80% for liquidity mining.

The Governance of IMHC: Mining and Airdrop

IMHC has a highly decentralized governance system. IMHC tokens can be used for community governance and holders can propose changes to IMHC, or vote on proposals. The replacement, collateral lending, circulation, etc. between IMHC tokens are based on the flow of governance IMHC tokens.

Borrowing and mining. By providing lending capital or mortgage capital to the financial system, miners will get the newly generated IMHC tokens in equal proportion. The system network will automatically calculate the number of IMHC tokens obtained by lenders and borrowers according to the amount and duration of capital provided by miners.

Deposit and mining. By depositing token species to the liquidity trading pool in the IMHC financial system, miners will receive an equal proportion of newly generated IMHC tokens. The system network automatically calculates the amount of IMHC tokens received by lenders and borrowers based on the amount and duration of capital provided by miners.

Airdrop refers to the free distribution of IMHC tokens to activated miners.

Consumption and mining. Consumers spend in healthcare institutions, IMHC financial system calculates consumption power based on consumption data, and consumers thus get the corresponding IMHC tokens. This process removes the stickiness between healthcare institutions and customers and solves the problem of incremental consumption. In addition, IMHC tokens can also be traded and realized in the exchange.

Features of IMHC

Decentralization: IMHC is the first distributed virtual financial system. The entire network consists of users without central bank. Decentralization guarantees IMHC security and freedom.

Worldwide circulation: IMHC can be managed on any computer with Internet access. Anyone can mine, buy, sell or receive IMHC tokens anywhere.

Exclusive ownership: The manipulation of IMHC requires a private key, which can be isolated and kept in any storage medium. No one can access it except the user.

Low transaction costs: IMHC tokens can be remitted for free, but a certain transaction fee of IMHC tokens will be charged for each transaction to ensure faster transaction execution.

No hidden costs: As a means of payment from A to B, IMHC has no cumbersome limits on the amount and procedures. Payment can be made by knowing the address of the other party.

Cross-platform mining: Users can explore the computing power of different hardware on numerous platforms.

Conclusion

IMHC helps the world's charity organizations with the mission of helping charities and helps people to exchange resources and ideas more freely with the purpose of developing a more open economy. IMHC boasts unlimited potential and affects the Internet and international finance profoundly in that it not only creates opportunities for enterprises but also provides purchasing power for countries large and small. IMHC is riding the winds and breaking the waves.