Bitrabo Editorial
Introduction
Revolutionizing health and wellness, WELL3 is an innovative project that merges Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and AI systems. Discover how this initiative is reshaping the industry.
Overview
Company: WELL3 Token ticker: WELL Blockchain: Multichain Sector: Decentralized Physical Infrastructure Network (DePIN) and Decentralized Identity (DID) Business Model: DePIN and AI platform in the wellness industry
WELL3 Overview
WELL3 is pioneering a transformation in health and wellness utilizing DePIN, DID, and integrated AI systems.
The platform boasts 1 million pre-registered users eager for its launch. WELL3 aims to improve well-being by providing secure, data-driven health journeys. By using DePIN, blockchain, and AI analytics, WELL3 offers a personalized and secure user experience that fosters a community dedicated to well-being.
With a focus on data ownership and security, AI insights are employed to tailor wellness solutions aligned with a secure and health-conscious future.
Key Milestones and Achievements
Empowered by the WELL3 community, the platform has achieved significant milestones.
- Public Sale: A remarkable total value locked (TVL) of 15,237.2 ETH or $55M USD was recorded within seven days. Furthermore, over $5 Million was raised through seed round and NFT sales.
- WELL ID: Following the announcement of the WELL3 Ring launch, attracting over 900,000 users to its NFT whitelist and registering on the WELL3 ecosystem.
- WELL3 NFT Project: Since its debut on February 10, 2024, Well3NFT has emerged as 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 conducted on WELL3.
- Collaborations: WELL3 has partnered with notable entities such as Animoca Brands, AWS, Samsung, and more.
- Strategic Alliance: Forming alliances with various chains like Polygon, Solana, and Avalanche to enhance the scalability and functionality of the platform.
Key Features of WELL3
WELL3 introduces a fresh approach to health data management under the DePIN framework.
- Data Decentralization: Health data is securely processed within the DePIN system using Trusted Executive Environments (TEE) powered by Amazon Web Services (AWS) to maintain user data privacy.
- Rewarding Wearables for Enhanced Wellness: WELL3 offers wearables like smart rings that incentivize users with WELL tokens for maintaining healthy behaviors and sharing anonymized health data.
- Complete Ownership Over Personal Data: Users have total control over their personal information through WELL3’s DePIN and DID technologies, safeguarding against unauthorized access and breaches.
- Multichain: Spanning across multiple blockchain platforms, WELL3 ensures seamless user interaction and reduced transaction costs.
- Interoperability Across Ecosystems: WELL ID streamlines digital interactions by eliminating multiple passwords and verification processes, offering enhanced security.
The Role of WELL Token
The WELL token serves as a utility and governance token within the WELL3 Network, facilitating various use cases and functionalities across different blockchain chains.
- Supporting the WELL3 Ecosystem
- Rewarding network contributors
- Identity creation and management
- Digital and physical purchases within the WELL3 Ecosystem
With a max supply of 42,000,000,000 tokens, 71% are allocated to community initiatives with a gradual unlock schedule over 24 months.
Conclusion
WELL3 is at the forefront of utilizing advanced technologies to revolutionize health and wellness. By integrating DePIN, DID, and AI, WELL3 aims to provide personalized health solutions while ensuring data security and user engagement.