IntroductionToken
ticker:
WELL
Blockchain:
Multichain
Sector:
Decentralized
Physical
Infrastructure
Network
(DePIN)
and
Decentralized
Identity
(DID)
Business
Model:
a
DePIN
and
AI
platform
in
the
wellness
industry
WELL3
details
details
WELL3
is
a
new
project
that
aims
to
reshape
health
and
wellness
through
Decentralized
Physical
Infrastructure
Network
(DePIN),
Decentralized
Identity
(DID)
and
integrated
AI
systems.
The
platform
has
1
million
pre-registered
users
anticipating
its
launch.
WELL3’s
mission
is
to
enhance
well-being
through
secure,
data-empowered
health
journeys.
By
leveraging
DePIN,
blockchain,
and
AI
analytics,
WELL3
claims
a
personalized
user
experience
that
is
securely
authenticated,
while
fostering
a
community
where
millions
unite
in
their
pursuit
of
well-being.
This
approach
ensures
data
ownership
and
security
standards,
blending
AI
insights
to
tailor
wellness
solutions
that
align
with
their
vision
of
a
secure
and
health-conscious
future.
Key
milestones
and
achievements
The
WELL3
community
is
expansive.
With
their
help,
the
platform
has
achieved
several
achievements.
-
Public
Sale:
In
seven
days,
the
public
sale
registered
a
total
value
locked
(TVL)
of
15,237.2
ETH
or
$55M
USD.
Moreover,
over
$5
Million
was
raised
through
seed
round
and
NFT
sales. -
WELL
ID:
After
the
announcement
of
the
launch
of
WELL3
Ring,
a
wearable
that
converts
personal
wellness
metrics
into
on-chain
data,
over
900,000
users
signed
up
for
its
corresponding
NFT
whitelist,
and
registered
on
the
WELL3
ecosystem. -
WELL3
NFT
project:
Since
its
launch
on
February
10,
2024,
Well3NFT
has
ascended
to
become
the
largest
NFT
collection
on
the
opBNB
chain,
with
over
324,000
owners
and
8
million
NFTs
created
by
April
27,
2024. -
Transactions:
Over
$17m
transactions
have
been
created
on
WELL3. -
Collaborations:
WELL3
has
established
partnerships
with
entities
including
Animoca
Brands,
AWS,
Samsung,
The
Spartan
Group,
Blocore,
Fenbushi
Capital,
Newman
Group,
Soul
Capital,
XY
Finance
and
Lumoz. -
Strategic
alliance:
WELL3
has
formed
a
strategic
alliance
with
chains
such
as
Polygon,
Solana,
Base,
Ton,
Avalanche,
Arbitrum,
BNB
Chain,
Sei,
Algorand,
Blast
and
telos.
This
collaboration
is
to
ensure
that
users
benefit
from
a
multichain
and
scalable
ecosystem,
enhancing
the
overall
functionality
and
reach
of
WELL3’s
offerings.
Key
features
of
WELL3
In
summary,
WELL3
is
taking
a
new
approach
to
health
data
management
under
the
DePIN
framework.
-
Data
decentralization:
Health
data
is
securely
processed
within
the
DePIN
system
This
process
within
Trusted
Executive
Environments
(TEE)
powered
by
Amazon
Web
Services
(AWS)
makes
sure
user
data
remains
private
and
secured. -
Rewarding
wearables
for
enhanced
wellness:
WELL3
introduces
a
line
of
wearables,
starting
with
a
smart
ring
equipped
with
sensors
and
algorithms
that
provides
a
comprehensive
view
of
an
individual’s
health.
Users
can
earn
WELL
tokens
through
active
participation
and
consenting
to
share
their
anonymized
health
data.
This
token-based
ecosystem
boosts
user
engagement
by
rewarding
healthy
behaviors
and
data
sharing,
and
also
ensures
that
users
have
a
stake
in
the
governance
and
ongoing
development
of
the
platform. -
Complete
ownership
over
personal
data:
By
leveraging
WELL3’s
DePIN
and
DID
technologies,
users
have
complete
ownership
over
their
personal
information
and
data,
and
are
also
safeguarded
against
unauthorized
access,
data
breaches,
and
frauds. -
Multichain:
WELL3’s
multichain
framework
spans
multiple
blockchain
platforms
including
Bitcoin,
Ethereum,
Polygon,
Solana,
Blast,
and
TON.
This
coverage
allows
WELL3
to
leverage
various
networks,
ensuring
that
users
can
interact
with
the
WELL3
ecosystem
across
multiple
platforms
without
barriers,
facilitating
a
seamless
and
integrated
user
experience.
Additionally,
this
approach
can
significantly
reduce
transaction
costs
by
allowing
WELL3
to
choose
the
most
efficient
blockchain
for
specific
actions. -
Interoperability
across
ecosystems:
Designed
to
integrate
across
various
platforms
and
services,
WELL
ID
eliminates
the
need
for
multiple
passwords
and
redundant
verification
processes.
WELL
ID
provides
a
unified
identity
solution
that
simplifies
digital
interactions
while
enhancing
security.
What
is
WELL
token?
And
what
does
it
do?
The
WELL
token
acts
as
both
a
utility
and
governance
token
within
the
WELL3
Network.
It
powers
a
network
of
health
ecosystem
partners
and
their
users,
functioning
across
all
Layer
1
(L1)
and
Layer
2
(L2)
chains.
More
specifically,
the
following
are
the
use
cases
for
the
WELL
token
in
the
WELL3
ecosystem:
-
Supports
the
WELL3
Ecosystem
as
DePIN
Ecosystem
Rewards,
health
data
sharing
and
activity-based
incentives -
As
a
reward
for
contributing
to
the
WELL3’s
decentralized
network -
Identity
creation
and
management
of
decentralised
ID
via
WELL
ID -
Act
as
a
currency
for
both
digitaland
physical
purchases
in
the
WELL3
Ecosystem
Distribution
of
the
WELL
token
is
as
follows:
-
Max
supply:
42,000,000,000 -
71%
of
tokens
to
community
initiatives -
Lock
up:
The
unlock
schedule
is
spread
across
different
timeframes
to
align
long-term
interests
and
promote
stability.
WELL
will
unlock
over
the
course
of
24
months
per
theToken
Release
Schedule.
Conclusion
WELL3
is
incorporating
advanced
technology
into
health
and
wellness,
focusing
on
secure,
data-driven
approaches.
With
its
use
of
DePIN,
DID,
and
AI,
WELL3
aims
to
offer
personalized
health
solutions
while
ensuring
data
security
and
user
engagement.
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Author: Bitcoinist
