Introduction
Creating a business or project that meets a need and offers several benefits to users is usually the primary focus of every innovator and entrepreneur. Investors are often drawn towards platforms and business networks that specialize in satisfying a business need within any industry or market. Developing a solution that resolves a business challenge can be the benefit associated with a project. The dynamics of the market usually tilts towards platforms that improve on existing products and services or develop an entirely advanced solution. Often, businesses can attract new clients and potential investors when they offer several benefits on their platform.
The blockchain and cryptocurrency industry is incredibly vast, with new projects coming up consistently in the market. Most of these projects often enter the market with the intention and vision of providing varied benefits to their clients. However, the majority of them offer similar use-cases and advantages to their users, which is due to the parent framework that supports their services, the blockchain technology. WellBe is an emerging network within this industry and the development team is designing their platform with advanced features that will enable them to deliver varied benefits to all community members within their ecosystem.
This network’s digital asset was developed on the Ethereum network with a plan of moving it to the Binance Chain network. This means that their asset is an ERC-20 compatible token, which is supported on numerous digital wallets on exchanges. The WellBe team also has a projected plan of creating its WELL blockchain network, and through this innovation, it can perform its operations. A simple and interactive environment is an additional plus enjoyed by users on the WellBe platform.
The primary focus of the advantages available on this amazing project is centered on its digital asset, the WELB token. It offers varied benefits and incentives to all users and we will give detailed information relating to each of these benefits.
WELB as a Reward System
The first attribute associated with the platform’s crypto asset is that it functions as its reward system. Across the entire blockchain and cryptocurrency industry, the token belongs to the few ones that possess the structure of either a stake or a Masternode, which provides incentives and recompenses to all WELB holders. The token also has the proficiency of ensuring an outsource implementation of tasks, hosting, communal and ecosystem maintenance, and establishing a more decentralized, reliable, and established blockchain network. About 10% of all generated tokens in a staking program is distributed to all verified stakeholders every month, whereas all owners of Masternodes receive an allocated share of about 40% generated. This reward system provisioned by the WellBe platform differs from what is obtainable from other blockchain projects, even the popular ones such as BTC and ETH, and other non-stake and non-masternode coins, in which miners alone can profit.
As an Exchange Medium
Most blockchain projects ensure that their tokens are listed on popular decentralized exchange platforms, where they can be bought, sold, and swapped for fiat monies and other digital assets. The supplying rate of the token on exchanges is another important feature. About 200,000 coins will be released monthly in the first year of launching, and the issue frequency, which is calculated as a fraction of total market capitalization, diminishes with time. The consistent decline will ensure that WELB remains stable for a significantly long period. Through this process, the network can offer a robust structure for WELB to operate as an exchange currency in the Sports and Fitness industry.
Having Controls using WELB
Maintaining the balance and firmness of the network is another benefit associated with the token. This is possible because the platform’s coin operates and evolves naturally as a separate entity, without the requests and choices of ICO coin holders. What happens within the platform is that the utilization and circulation of the funds generated at the WellBe Coin Treasury are dictated by the members of the DAO via a voting exercise. Through this defined process, the network can circumvent the challenges of decentralization of BTC and ETH, where important decisions are not taken without the influence of a repetitive cycle of conversation of prominent political modifications.
Token for the Future
This token is projected to have varied functionalities in the next few years. With the detailed roadmap of the project, the WellBe’s asset will guarantee the provision of a convenient wallet for real decentralized exchange. It will operate as a medium of exchange, where it can substitute as a common fiat currency by functioning as legal money. The token will also enable huge acceptance of the platform by the public into the ecosystem, which will activate trade with external merchants. While evading the monetary reins most restrictive government usually put in place, users are guaranteed a model of value through WELB’s float against fiat. The team has identified some issues limiting public adoption and they include:
- The decision of creating an exclusive infrastructure to buy or accept tokens is not substantial.
- The processing time for executing trades is fast, which is related to the speed when using cash or a card.
- Incentive and Reward system operates via the possession and hosting package of Masternodes and Staking.
Investors need to understand that the token will have a maximum cap on release till 2070 and this is likely to extend if necessary, and this ensures its usability over the long term. The absence of a maximum supply limit implies that there is no specific date when the Treasury will no longer exist. The issuance is based on algorithms, like most tokens, and this allows it to function as a currency whose issuance grows its price, decreasing the number of tokens allotted by 15% each year.
This is a simple process to understand and it is highly important to pre-machining and centralizing the stock with various Masternodes that receive most of the rewards. Through the time delay in Masternode payments, the coin of this nascent project can deliberately develop rewards to boost the decentralization of supply, and this ensures its sustainable development.
USEFUL INFORMATION
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/
Instagram: https://www.instagram.com/wellbecoin/
Reddit: https://www.reddit.com/user/WellBeCoin/
Medium: https://cyclon13200.medium.com/
LinkedIn: https://www.linkedin.com/company/wellbe-coin/
WRITERS INFORMATION
Bitcointalk Username: Esty2281
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2737693
Proof of Authentication: https://bitcointalk.org/index.php?topic=5335417.msg57157066#msg57157066
Eth Address: 0xA181d93387DF684AD94D79f40E77E16f1BfE1a39