WellBe Coin – A Self-funded cryptocurrency for the fitness industry.

in #welb3 years ago (edited)

Blockchain technology and its further innovations as DeFi and NFTs has made a solid impact on the economy and because of the benefits of blockchain decentralized system over current centralized mechanism, almost every field in the market is shifting on blockchain and DeFi technology to do peer to peer transactions without involving third parties and thus creating a fast, secure, anonymous and transparent environment to transact freely across the borders with very low transaction cost.

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WellBe Coin

WellBe Coin provides the opportunity to allow areas of industries such as Fitness and Sport to have their own currency and the opportunity to create a global community, bringing together all market players, around values, projects and Success! WellBe Coin is a growing project with a sound concept related with health and sport industry. Blockchain is the best place to get access to worldwide audience with fast speed and low cost so WellBe platform using blockchain technology has created it’s own cryptocurrency to worldwide spread and adoption of fitness and sport by connecting with the various players of the field.

The mission of WellBe Coin platform is to be the single cryptocurrency used in the Fitness and Sport ecosystem at the global level with the unification of smart-contracts, decentralized governance and self-financed cash flow ensuring the longevity of the project and rapid and sustainable growth.

Stability and Guaranteed Growth

WellBe platform is creating a stable cryptocurrency that will create a governance system in WellBe Coin ecosystem. The members and joined clubs of the platform will get guaranteed 15% growth per year as the WellBe Coin ecosystem is backed by treasury and SAF protocols. 40% of ecosystem earning will be allocated for that purpose. Treasury keeps the back lot of Fiat in the system to support the big cash flow and help in platform’s developments. There is an ICO for pre-mine WELB coins that is useful for both WellBe ecosystem and the participants. This ICO is fully secure and is in supervision of WellBe Defense and WellBe Bureau of Investigation (WBI) that is the anti fraud system of WellBe protocol.This ICO will generate much liquidity on the platform and help treasury to grow and on the other hand the participant will become the early adopter of the platform and this platform has consistent growth patterns that are created in such a way that the governance token WELB will be mined up to 2070 and that is really a long term plan of the platform to stay and grow.

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Fast, Secure and transparent platform

WellBe platform is creating an intelligent contractual platform for allowing digital transactions on the platform. The innovative and technically advanced smart contracts are the base of this innovative platform that take care of users privacy and gives best fund security to users of the platform. The transactions are executed on the smart contracts and nodes of the platform with best price of the asset and the data is stored in blocks on blockchain and is always available in a distributed ledger for its verification. So there is no chance of manipulation or misuse of data. WellBe’s mission is to support, accompany and help structures dedicated to well-being and sports. For this, the creation of Smart Contracts allowing the selection and decentralized allocation of funds will be created. The Blockchain development team of WellBe Coin is working on the development of a Smart Contract Platform (WellBe Coin 3.0), to further stimulate network effects that drive mass adoption.

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Self Finance

Consistent growth of the platform motivate users to join the platform. WellBe Coin has its innovative system of self funding to add continuous liquidity in platform treasury. Also WellBe Coin has an ICO with pre-mine tokens to get a strong cash flow for the development of the system. The treasury system of wellbe protocol is a unique concept that is a decentralized protocol of WellBe ecosystem and it represents the reserve of Fiat to make sure that there will be annually 15% growth of Wellbe platform. This will make users and partners more loyal towards the platform since the growth of the platform is backed by self funded treasury and the platform is capable to give consistent growth. This will create more users and traffic on the platform and with more transactions, more revenue will be generated in Wellbe Coin ecosystem that further will create more liquidity in the platform's treasury and thus there will always a guaranteed growth on the platform.

Solidarity Aid Found (SAF)

SAF is the base of the platform that is meant for generating mass adoption on the platform. SAF is created to help clubs that has joined the ecosystem. With SAF wellbe Coin will organize various webinars and seminars to get updated with latest technology and how to use it for the future growth. Also the clubs who need financial help can get interest free loans and also by showing innovative work and loyalty towards the platform, these clubs are entitled to get subsidies on the platform.That will motivate others and the platform will attract worldwide fitness and sport community to join and become a part of this innovative, secure and helping platform.

More returns

With an emphasis on trust, vigilance, usability and availability, the WellBe Coin is creating a user friendly platform to earn more returns on the investment by integrating capabilities of decentralized applications and cryptocurrency. WellBe platform is providing best dapps and a stable & governance currency to users to explore the blochchain and DeFi world and use the technology developments to grow their portfolios. WellBe ecosystem is very much secure and guiding users to implement best strategies with best marketing tools. 24/7 support is always ready to help community if there is any problem. As the WellBe ICO will include:

-WellBe defence and WellBe Bureau of investigation (WBI)

-WellBe Incubator

-WellBe support and Development

-WellBe marketing Toolbox

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WELB Coin

WELB is created with an aim to provide more stable cryptocurrency in a fully governance system. WELB coin is intended to provide guaranteed growth to holders and as such the WellBe platform is going to organize an initial coin offering (ICO) and offering pre-mined WELBs in order to create and strengthen the Reserve fund (Fiat) of the ecosystem to guarantee the annual growth of 15% from the initial price of WELB. Holders of WELB can vote and decide best strategies for the platform to grow rapidly and worldwide spread well being to serve the humanity. All the services and applications of the platform are backed and insured by WELB. There are staking protocols on the platform and the members will be rewarded by holding their WELBs. The payment for transactions with ecosystem partners can be done with WELB. The users can use WELB as store of value and get access to all benefits of the platform with further discounts on transaction fee of the ecosystem. Also the WellBe Coin Department of Defense will work with law enforcement and cyber security experts to investigate and help protect WellBe Coin users from any potential incidents of hacking or fraud occurring within the community.

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About 200,000 WELB are released per month in the first year. The allocations can be easily seen as:

40% to TRESOR WELB (including 10% for the FAS "Solidarity Aid Fund")

WellBe ecosystem has its treasury system which holds Fiat currencies and helps to reduce financial risks. Treasury makes the platform more liquid and can guarantee growth of at least 15% per year. And The FAS will finance the projects of innovative clubs, clubs that are members of the community in difficulty, and will make it possible to grant zero-interest loans to partners.

10% WELB Bone

The backbone of WellBe platform is Anne-Marie ARGEMI who is the founder of WellBe protocol and is providing guidance, stability and support to the entire infrastructure. The founder and her supporters will share only 10% allocation since the motive is to provide best health and sport services worldwide with an aim to help entire community of the ecosystem. So the least part is allocated to the founder and anyone with whom she chooses to share this project to make it grow.

10% WELB actors

Actors are the stake holders of the platform and will get 10% allocation to be divided among them as per their share in the consensus Proof of Stake (PoS) model of the platform. Estimated monthly reward rate = (actor stake / total stakes) * 100k WELB.

40% to Development (then to Masternodes from the creation of the WELL Blockchain)

For the development of the ecosystem and creating its own blockchain to generate more flexibility and governance on the platform, 40% allocation is reserved which will further used as 10% for marketing and 30% for technical developments for improving smart contracts creating WELL blockchain. The master nodes of the platform will provide fast and direct peer to peer transactions on blockchain and will support private transactions by creating fast, secure, transparent and anonymous environment for the execution of transactions.

Masternodes payouts will begin approximately 6 months after launch on February 5, 2021. Until then, Masternodes rewards are redirected to the Development department.

As of July 2022, the number of WELB issued will decrease by 15% / year. Until we reach the 250 000 000 WELB total supply.

The issue rate of WELB coin is capped at 200,000 WELB per year and is subject to reduce over time. As of July 2022, the number of WELB issued will decrease by 15%/year. That will ensure the stability of WELB token and also help to grow the price with demand. The WELB does have a maximum cap on release til 2070 and that can be increased if needed, which makes it usable over the long term.

WELB Coin used as payment gateway

WELB Coin platform is growing rapidly and the innovative team has already gathered like minded people on the platform who always work to do good for the future development of the project. WELB is the base currency of the platform and has it's real use case. The recent partnership with Deciplus (designer of Fitness Club management software) is the revolutionary step in the growth of WELB currency and the partner company Deciplus is already using WELB currency on it's platform to settle payments and the expert team of the WELB Coin platform is always is in search of best partnerships and hopefully many more are to come. So WELB Coin has full potential to get hype in the market and it's value will grow with the growth of the platform and it's a real Gem to grab!

For the mass adoption of the WELB Coin the partner clubs, the various players and the major franchises of the Fitness Industry who have joined the WellBe Coin platform will use WELB as a means of payment in their structures.

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Brief

With an aim to become a leading project in fitness and sports field, WellBe platform has created an ecosystem to help, guide and use the potential technology for the growth of its community. With providing financial help to needy clubs and members of the platform, WellBe has created a trusted platform that takes along all community members and partner clubs towards the journey of success. By guiding and helping people, WellBe platform has gathered a loyal community & has created a positive environment where with the growth of WellBe platform every member will grow. WellBe is providing best use of blockchain technology and has created a stable and governance cryptocurrecy to use all the applications of the system and also to enable community to take decisions on the platform to help it grow fast. This project has potential and is operating with very long term views to remain in the market and help people to get best fitness deals and equipment since WellBe Coin has supply limit till 2070 and a possible increase if needed, its Cash and Masternod allocations are critical to the continued performance, decentralization and longevity of WellBe Coin.

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