Advent
WELL3 is a brand new mission this is taking a singular way to fitness and wellness via integrating Decentralized Bodily Infrastructure Community (DePIN), Decentralized Identification (DID), and AI techniques. Let’s discover the mission in additional element.
Assessment
Corporate: WELL3
Token ticker: WELL
Blockchain: Multichain
Sector: Decentralized Bodily Infrastructure Community
(DePIN) and Decentralized Identification (DID)
Industry Type: a DePIN and AI platform within the wellness trade
WELL3 main points
WELL3 is a brand new mission that objectives to reshape fitness and wellness thru Decentralized Bodily Infrastructure Community (DePIN), Decentralized Identification (DID) and built-in AI techniques.
The platform has 1 million pre-registered customers expecting its release. WELL3’s challenge is to make stronger well-being thru protected, data-empowered fitness trips. Through leveraging DePIN, blockchain, and AI analytics, WELL3 claims a customized consumer revel in this is securely authenticated, whilst fostering a neighborhood the place tens of millions unite of their pursuit of well-being.
This means guarantees records possession and safety requirements, mixing AI insights to tailor wellness answers that align with their imaginative and prescient of a protected and health-conscious long run.
Key milestones and achievements
The WELL3 neighborhood is expansive. With their assist, the platform has accomplished a number of achievements.
- Public Sale: In seven days, the general public sale registered a complete worth locked (TVL) of 15,237.2 ETH or $55M USD. Additionally, over $5 Million was once raised thru seed spherical and NFT gross sales.
- WELL ID: After the announcement of the release of WELL3 Ring, a wearable that converts private wellness metrics into on-chain records, over 900,000 customers signed up for its corresponding NFT whitelist, and registered at the WELL3 ecosystem.
- WELL3 NFT mission: Since its release on February 10, 2024, Well3NFT has ascended to turn into the biggest NFT assortment at the opBNB chain, with over 324,000 homeowners and eight million NFTs created via April 27, 2024.
- Transactions: Over $17m transactions were created on WELL3.
- Collaborations: WELL3 has established partnerships with entities together with Animoca Manufacturers, AWS, Samsung, The Spartan Staff, Blocore, Fenbushi Capital, Newman Staff, Soul Capital, XY Finance and Lumoz.
- Strategic alliance: WELL3 has shaped a strategic alliance with chains similar to Polygon, Solana, Base, Ton, Avalanche, Arbitrum, BNB Chain, Sei, Algorand, Blast and telos. This collaboration is to be sure that customers get pleasure from a multichain and scalable ecosystem, improving the total capability and achieve of WELL3’s choices.
Key options of WELL3
In abstract, WELL3 is taking a brand new way to fitness records control beneath the DePIN framework.
- Information decentralization: Well being records is securely processed inside the DePIN machine This procedure inside Relied on Govt Environments (TEE) powered via Amazon Internet Services and products (AWS) makes certain consumer records stays non-public and secured.
- Rewarding wearables for enhanced wellness: WELL3 introduces a line of wearables, beginning with a sensible ring provided with sensors and algorithms that gives a complete view of a person’s fitness. Customers can earn WELL tokens thru lively participation and consenting to percentage their anonymized fitness records. This token-based ecosystem boosts consumer engagement via rewarding wholesome behaviors and knowledge sharing, and in addition guarantees that customers have a stake within the governance and ongoing construction of the platform.
- Whole possession over private records: Through leveraging WELL3’s DePIN and DID applied sciences, customers have whole possession over their private data and knowledge, and also are safeguarded in opposition to unauthorized get right of entry to, records breaches, and frauds.
- Multichain: WELL3’s multichain framework spans more than one blockchain platforms together with Bitcoin, Ethereum, Polygon, Solana, Blast, and TON. This protection permits WELL3 to leverage more than a few networks, making sure that customers can engage with the WELL3 ecosystem throughout more than one platforms with out boundaries, facilitating a unbroken and built-in consumer revel in. Moreover, this means can considerably scale back transaction prices via permitting WELL3 to make a choice the best blockchain for explicit movements.
- Interoperability throughout ecosystems: Designed to combine throughout more than a few platforms and products and services, WELL ID gets rid of the will for more than one passwords and redundant verification processes. WELL ID supplies a unified id resolution that simplifies virtual interactions whilst improving safety.
What’s WELL token? And what does it do?
The WELL token acts as each a software and governance token inside the WELL3 Community. It powers a community of fitness ecosystem companions and their customers, functioning throughout all Layer 1 (L1) and Layer 2 (L2) chains.
Extra particularly, the next are the use circumstances for the WELL token within the WELL3 ecosystem:
- Helps the WELL3 Ecosystem as DePIN Ecosystem Rewards, fitness records sharing and activity-based incentives
- As a praise for contributing to the WELL3’s decentralized community
- Identification advent and control of decentralised ID by means of WELL ID
- Act as a foreign money for each digitaland bodily purchases within the WELL3 Ecosystem
Distribution of the WELL token is as follows:
- Max provide: 42,000,000,000
- 71% of tokens to neighborhood tasks
- Lock up: The free up agenda is unfold throughout other timeframes to align long-term pursuits and advertise steadiness. WELL will free up over the process 24 months consistent with the Token Unlock Time table.
Conclusion
WELL3 is incorporating complicated era into fitness and wellness, specializing in protected, data-driven approaches. With its use of DePIN, DID, and AI, WELL3 objectives to provide personalised fitness answers whilst making sure records safety and consumer engagement.