Introduction
As long as the creative and problem-solving mindset of innovators and investors exist, there will always be a new method, approach, business, or brand targeted at offering a different solution from existing ones. We observe this in most industries across different disciplines. For instance, in Medicine and Engineering, experts and professionals are constantly looking to discover solutions to the industry challenges and problems. They spend resources, in time, efforts, and money, in several attempts to identify lasting and efficient solutions. With such a focus on resolving different issues, investors and government agencies develop interest and map out funds and assistance to enable these professionals to execute their projects. This also gives rise to the number of projects, platforms, companies, and individuals who become enthusiastic and seek out outstanding solutions. Likewise, this trend also replicates within the blockchain and cryptocurrency industry, nascent and innovative projects are venturing into the market to offer solutions to identified industry challenges.
One remarkable attribute of experts and professionals is that they do not only recognize an existing issue plaguing their industry, they also deploy the required resources targeted at rendering a solution. While blockchain technology and cryptocurrency have recorded mass adoption in the market and offered incredible financial solutions in the industry, there are still certain challenges present. These issues are what new blockchain projects like WellBe are focused on resolving using their network and solutions. The management team of WellBe has segmented their identified issues of the blockchain and cryptocurrency industry into the general market issues and the specific issues recognized by its team.
The General Issues
Using a holistic approach to analyze the market, there are notable challenges everyone can notice about the crypto and blockchain industry. The majority of these issues are found within the financial sector, where the technology is predominantly integrated. The common challenges seen by the management team of WellBe include the inconsistencies in transactions and protocols due to the mishandling of humans, involvement of third parties that increases the cost of executing transactions, time delays in performing payments, and other related transactions. Another general problem is the obvious wealth gap between the rich and poor in society. The cumulative effect of these challenges hinders a seamless and efficient service delivery within the market and it falls to blockchain networks like the WellBe project to create a platform that can address them.
WellBe’s Identified Problems
Besides the common issues affecting the market and prominent industry players, WellBe has recognized other notable challenges that decrease the delivery of blockchain solutions to companies and other users. Some of these issues include:
Price Fluctuations
This is one of the greatest challenges in the crypto market that often discourages most investors and crypto enthusiasts. Price volatility makes it easy for these players to lose a huge amount of money when there is a dip in crypto prices. Hence, it is creating an emergency surge in the need for price stability, investors and crypto holders are demanding platforms and projects that can strengthen their price stability in the market. While numerous existing blockchain projects are strategically deploying mechanisms to scale, maximize, and secure the value of their assets, a majority have not been successful.
Reputation
Cryptocurrency and the technology that powers it, blockchain, has been developed and utilized for over a decade now, however, a huge percentage of the world’s population do not have a comprehensive understanding of the features and capabilities available on such technology. Besides the industry players and affiliates in the market and crypto ecosystem, the general community does not have substantial information about cryptocurrencies, and this is due to the low reputation status of the network. There has not been a widespread awareness created to bring the knowledge of such technology to the masses. While the global media houses, social media, and newspaper sections present details of cryptocurrencies and blockchain, they do not put it into adequate limelight, to generate an effective awareness of the emerging technology.
Complexity
While there is an inadequacy in the level of awareness created on blockchain technology and cryptocurrency, the dynamics involved in the operation are also complex. Most people who intend to venture into the industry do not understand how the market functions, and this poses an entry barrier that is often intolerable. More so, trading on exchange platforms can be confusing at times, and the value trading that exists between crypto-assets is usually fluctuating and time-consuming.
Structural and Financial Stability
The WellBe project has also identified a challenge that threatens the growth and sustainability of existing platforms in the market. Most of these projects focus on enriching miners on their network without developing a functional plan and strategy to distribute their tokens to ensure development. This subsequently affects the productivity and growth potential of the crypto assets.
WellBe’s Solution
As a network developed under the blockchain network, the foremost solution is the decentralized system of the platform that eliminates the existence of a sole authority of access to funds and other important decisions in the network. The WellBe project will intend to introduce their crypto-asset which will revitalize the industry. The WellBe coin will be developed based on specific principles which will ensure its mass adoption in the market, these principles will include trust, Vigilance, usability and, Availability.
Being an emerging platform in the industry, the team intends to establish a robust and strong support system and community, which will consist of investors and users in the network. These players will be responsible for creating widespread awareness in their environment, to ensure a massive adoption of the network. This will enable the network to form a solid base of a versatile and self-sustaining treasury system built on-chain governance. They will also establish a growth mechanism that boosts the different marketing campaigns they want to roll out, such as Airdrops and bounty programs. WellBe will utilize its coin masternodes to ensure the network has a strong stability system. WellBe will create a supportive ecosystem that will enable the incorporation tendencies of decentralized applications and crypto on the WellBe asset platform.
USEFUL LINKS
Website: https://www.wellbe-coin.com/
Whitepaper: https://www.wellbe-coin.com/t-en-gb/whitepaper/le-livre-blanc
Telegram: https://t.me/wellbecoingroupe
Twitter: https://twitter.com/WellbeCoin
Facebook: https://www.facebook.com/wellbecoin/
LinkedIn: https://www.linkedin.com/company/wellbe-coin/
Reddit: https://www.reddit.com/user/WellBeCoin/
Instagram: https://www.instagram.com/wellbecoin/
Medium: https://cyclon13200.medium.com/
AUTHOR'S DETAILS
Bitcointalk Username: Onyiiok
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2766257
Proof of Authentication: https://bitcointalk.org/index.php?topic=5335417.msg57164628#msg57164628
BEP-20 Wallet Address: 0xC6F3c5821Fd62421c6A03888e9Ff8b8C2483B9Bd