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Well3 (WELL) Research Report: Health and Fitness Platform, Earn Coins by Participating

X2024/07/03 09:59
By:@DirenEkonomi

1. Project Introduction

Well3 is a Web3-based health platform that transforms health data into valuable rewards through DePIN (decentralized physical infrastructure network) and DID (decentralized identity), combined with AI analysis.

The platform includes smart wearable devices and decentralized health data management. Users earn $WELL tokens by sharing anonymous health data, which can unlock advanced features and health products and services. WELL3 also provides privacy and security management of health data, as well as a diverse community reward mechanism.

2. Project Highlights

As a Web3-based health platform, Well3 has the following highlights:

1. Decentralized Infrastructure Network (DePIN): Manage health data in a decentralized manner, ensure data security and privacy, and enhance data credibility and transparency.

2. Decentralized Identity (DID): Provide users with anonymous and secure identity management, protect user privacy, and allow users to independently control and share health data.

3. AI Analysis: Use advanced artificial intelligence technology to conduct in-depth analysis of health data, provide personalized health advice and preventive measures, and improve users' health management level.
4. Health data rewards: Users can earn $WELL tokens by sharing anonymous health data. These tokens can be used to unlock advanced features and services on the platform, such as health products, professional health consultations, etc., to encourage users to actively participate.
5. Smart wearable devices: Provide smart devices related to health data management to help users monitor and manage health conditions in real time and improve user experience.

The Well3 project has attracted widespread market attention with its innovative decentralized health management concept and advanced technical solutions. Through the combination of DePIN and AI analysis, as well as the health data reward mechanism, the project is expected to trigger a new wave of hype in the health technology and blockchain markets, attract more investors and users to participate, and promote the further improvement of the project's market value and influence.

III. Market value expectations

Well3 combines blockchain and artificial intelligence technologies to create a decentralized health management platform, which has attracted widespread market attention and investment. Through its "Wellness to Earn" model, users can earn WELL tokens by participating in health activities, which increases user engagement and the attractiveness of the platform.

WELL is expected to have good growth potential. First, the project has received $5 million in seed round financing, with investors including Animoca Brands, Newman Capital and Soul Capital Partners, indicating that the market has a high degree of recognition for the project.

Second, the project combines the advantages of health management and blockchain technology to provide users with personalized health advice and reward mechanisms. These features are expected to attract a large number of users and investors, thereby driving up the price of WELL.

And considering the experience and marketing strategy of the WELL3 project team, coupled with the widespread application of blockchain and AI technology in the field of health management, it is expected that the market value of WELL will be able to achieve significant growth in the next few months to years.

IV. Economic model

The total amount of WELL tokens is 42 billion, with an initial circulation ratio of 18.75%. The specific distribution of tokens is as follows:

-Airdrop: 20%, TGE release 15%, 24 months linear release.

-Ecology: 32.5%, TGE release 23%, 24 months linear release.

-Seed round: 6.5%, 6 months cliff (lock-up period), 18 months linear release.
-Strategic fundraising: 8.5%, 15% TGE release, 18 months linear release.
-Public offering: 10%, 20% TGE release, 24 months linear release.
-Team: 12.5%, 1 year cliff, 24 months linear release.
-Advisor: 5%, 1 month cliff, 12 months linear release.
-Liquidity: 5%, 100% TGE release.

As the native token, WELL has multiple uses in the WELL3 platform: users can earn $WELL tokens by sharing anonymous health data; tokens can be used to unlock advanced health features and personalized health services on the platform; users can use WELL tokens to purchase health products and services to enhance the health management experience. In addition, WELL tokens are also used to reward and incentivize community members to actively participate and contribute, thereby promoting community activity and the richness of health data.

V. Team and Financing

The Well3 team consists of a group of experienced professionals in the fields of blockchain, artificial intelligence, and health, with core members including founder Kin Fung Man and co-founder Keungz. Chief Strategy Officer Kobe Tang is responsible for developing platform strategy, Community Head SY Samuel Yeung focuses on community building, and Brand Marketing Director TP Tiffany Poon is responsible for brand promotion and marketing.

In terms of financing, Well3 raised $5 million in a seed round of financing, with major investors including Animoca Brands, Newman Capital and Soul Capital Partners. The funds will be used to promote the further development and market expansion of the WELL3 platform. WELL3 combines blockchain and AI technology to promote users' physical and mental health through digital means, providing personalized health experience and incentive mechanisms

VI. Risk Warning

1. The success of the project depends on the team's execution capabilities, including technology development, marketing and community building. If the team fails to execute as planned, it may affect the progress of the project and user experience.
2. The cryptocurrency market is highly volatile, and the value of WELL tokens may be affected by changes in market conditions, resulting in sharp price fluctuations. Investors need to be wary of market uncertainties.

VII. Official Links

Website: https://well.eco/
Twitter: https://x.com/well3official
Discord: https://discord.com/invite/yogapetz

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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