Transforming Health with AI, Depin and Crypto Rewards

Artificial Intelligence (AI) and Decentralized Physical Infrastructure (DePIN) are two defining forces in the technology landscape. According to one of the 2024 narratives, AI continues to disrupt and positively impact multiple industries, including the health and crypto sectors.

On the other hand, DP is an innovative approach to computing to enhance the connectivity of decentralized networks and distribute processing power. The integration of these two technologies will result in a decentralized ecosystem where inclusivity, accessibility and innovation can thrive.

At the heart of this revolutionary paradigm shift is WELL3, which aims to combine DEP and AI to integrate security monitoring with rewards. Backed by the transparent and decentralized features of blockchain, WELL3 seeks to create a participatory crypto community around health and fitness goals.

This article explores WELL3 and their goals, challenges/achievements in the crypto industry, and an overview of their $WELL token.

What does WELL3 do?

Well3 – A pioneering force shaping health and wellness using decentralized physical infrastructure (DPI), decentralized identity (DID) and integrated AI systems. With more than 1 million pre-registered users eagerly awaiting its launch, WELL3's mission is to enhance wellness through safe, informed health journeys.

Using DePIN, blockchain and AI analytics, WELL3 ensures a secure, personalized user experience while growing a community of millions collaborating to keep them safe.

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This approach enables users to increase data ownership and security standards, seamlessly combining AI insights into wellness solutions that align with a vision of a secure and health-centric future.

Major successes and achievements

The WELL3 community is active and extensive across multiple platforms. With their help, WELL3 achieved several record-breaking achievements.

Public sale

In seven days, the WELL3 public sale recorded a total value locked (TVL) of 15,237.2 ETH or $55M USD. It also raised over $5 million in seed rounds and NFT sales.

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Good ID

WELL3 announces the launch of WELL3 Ring – a pioneering wearable that turns personal security metrics into on-chain data. Immediately after the announcement, more than 900,000 users signed up for the corresponding NFT whitelist and registered on the WELL3 ecosystem.

WELL3 transactions and NFT project

In the year Since its launch on February 10, 2024, Well3NFT has quickly risen to become the largest NFT pool on the opBNB chain. As of the latest data, it currently has over 324,000 owners and 8 million NFTs created on April 27, 2024. Additionally, over $17M in transactions have been generated on WELL3 since its launch.

Key partnerships

Since developing this crypto project, WELL3 has partnered with leading entities including Animoka Brands, AWS, Samsung, The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance and Lumoz.

Multichain

In pursuit of multi-chain interoperability and seamless user experience, WELL3 has formed strategic alliances with major chains. These include Polygon, Solana, Base, Ton, Avalanche, Arbitrum, BNB Chain, Sei, Algorand, Blast and Telos. In addition, the collaboration will ensure that users benefit from a multi-chain and scalable ecosystem, enhancing the overall functionality and accessibility of WELL3 offerings.

Key features of WELL3

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As a leading transformative force in health information management within the DePIN framework, WELL3 has a wide range of features including:

Decentralization of data

Health information is processed securely in the DePIN system. This process ensures that user data is private and secure in Trusted Execution Environments (TEE) powered by Amazon Web Services (AWS).

Wearables that are rewarded for improved health

Well3 introduces a new line of wearables, starting with a smart ring equipped with sophisticated sensors and algorithms that provide an overview of an individual's health. Additionally, users can earn $WELL tokens by actively participating and agreeing to share their anonymized health data.

This token-based ecosystem doesn't just grow the user.

Participation rewards healthy behaviors and data sharing, but ensures users have a stake in governance. It further guarantees that users are actively involved in the development of the platform.

Full ownership of personal data

By using WELL3's DePIN and DID technologies, users not only have full ownership of their personal information and data, but are also protected against unauthorized access, data breaches and fraud.

Multichain

WELL3's multi-chain framework covers multiple blockchain platforms including Bitcoin, Ethereum, Polygon, Solana, Blast and TON. This wide horizontal coverage allows WELL3 to take advantage of the strengths of different networks. Moreover, it ensures users can seamlessly interact with the WELL3 ecosystem across multiple platforms, facilitating a seamless and integrated user experience.

In addition, this approach allows WELL3 to choose the most efficient blockchain for certain actions, which can significantly reduce transaction costs.

Interaction between systems

Designed to integrate seamlessly across multiple platforms and services, WELL ID eliminates the hassle of multiple passwords and repetitive authentication processes. Whether accessing health services, participating in health programs, or engaging with a partner ecosystem, WELL ID provides a unified identity solution. Indeed, this solution simplifies digital communications while improving security.

What is the $WELL token? And what does it do?

The WELL token acts as a utility and management token in the WELL3 network. In addition, it includes basic principles of health, wellness and management. A dynamic health ecosystem that works seamlessly across all Layer 1 (L1) and Layer 2 (L2) chains empowers a network of partners and their users.

In particular, the $WELL token has many use cases in the WELL3 ecosystem, such as identity creation, purchases, and rewards.

First, the $WELL token supports the WELL3 ecosystem such as DePin Ecosystem rewards, health data sharing, and activity-based incentives. Second, it serves as a reward for contributing node infrastructure to the WELL3 decentralized network.

Also, the $WELL token is used for identity creation, management and KYC-as-a-service through DID. Moreover, it acts as a currency for digital and physical purchases in the WELL3 ecosystem.

The distribution of the $WELL token is as follows.

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With a maximum supply of 42,000,000,000, 71% of tokens will go to community initiatives. Going into more detail, 32.5% of the allocation will go to the ecosystem, with 23% TGE and a daily linear unlock for 24 months. 20% goes to $WELL Airdrop with 15% TGE. Of the remaining 12.5% ​​goes to the team and contributors, 10% is sold to the public at a 20% TGE.

Summary

WELL3 is a crypt project that aims to do many things in a creative way by creating a link between AI and DePIN. It also aims to create a crypto community of individuals who value health, creativity and prosperity.

Within a short period of its establishment, WELL3 has achieved many milestones such as creating more than 8 million NFTs in the ecosystem and trading more than $17 million.

Additionally, the $WELL token serves important purposes in this crypto project. Primarily acting as a management mechanism within WELL3, the $WELL token helps share rewards and incentives, identity creation and purchases.

WELL3 is an exciting crypto project that sets out to create a series of innovative solutions that connect health and finance.

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