WELLBE COIN - Revolutionizing the Fitness and Sport Industry Via Blockchain

Blockchain in Sport and Fitness

Practically, technology, sports and fitness are in love with each other. This combo began several years back, with apps, machinery and products keeps popping up, and the trends seems unstoppable from there. A new technology, which was originally meant for the creation of Bitcoin, was introduced to the industry, promising to revolutionize it forever: the Blockchain. In the past years, the number of fitness lovers has increased exponentially in growth throughout the whole world when compared to some years ago. These records show how important fitness and sport is in the entire human race. Obviously, it is not stopping in that numbers, it would keep increasing of course. This brought the question of: how can the number of participants be increased further compare to the recent statistics and how to continue to improve the quality of services and how it can be upgraded?

A modern age where users just want to use technology to access everything they do and also looking for more flexibility as possible, one of the few models that had remained unchanged is the payment system. The creation of Bitcoin which was initially proposed to be meant as a means of payment fits very well into this concept and also cover variety of functions in this Sector as well. Without leaving home, a gym subscription, personal trainer or a fitness course can all be accessed using the blockchain technology. Users would be able to connect and seamlessly download lessons and contents, and also make payments for all these professional services without even moving an inch from their closet. 

Without any middlemen intermediaries, personal trainers could easily upload it’s contents into the Blockchain allowing users to access and pay for it with ease. Blockchain is really opening up new doors and could easily revolutionize the world of sports and fitness.

So, What is Blockchain? 

Blockchain is simply a technology that strengthen the Bitcoin universe, and also has many applications more than you can ever imagined. It was initially created to solve the issue of both privacy and security, and also simplifying a lot in the concept. It could be said that Blockchain technology should be termed an amazing register where information are stored. Blockchain can be thought to be a coin inserted in a glass bottle which cannot be removed and which keeps track of every information that is inserted. Each information represents a “block” which is transferred to a “chain”. It should be noteworthy that information which includes videos and music could also be stored in the blockchain. Blockchain basically empowers almost all sectors of the world. 

The increasing popularity of blockchain technology have attracted investors and traders, developers, and inarguably business and agencies. However, there are still some few challenges faced by blockchain which is still needed to be sorted out. Here is a breakdown of some of the issues with blockchain that we should all get noted of.

Blockchain has an environmental cost

The cost of running a Blockchain technology is extremely high as it is required to to keep the network running 24/7 which consumes as much energy as never imagined. Some crypto enthusiast even announced recently to have withdrawn from bitcoin due to the energy it consumes. Bitcoin’s Blockchain is hugely valuable with a market cap of $1 trillion. This shows that a very sophisticated security is necessary to maintain it running. Normally, a small business company that uses Blockchain as their base might not need a higher energy to consume before it can be operational, but the effect of the environment implications as well as the energy cost should never be ignored. 

Lack of regulation creates a risky ecosystem

Lack of regulation had been the problem that haunts value-based Blockchain networks for the past years. Because it’s a volatile environment and due to the lack of regulatory oversight, it is entirely prone to market manipulation and fraud. Some projects have robbed millions of Dollars from investors without looking back. Even though most investors go for a well established coins such as Bitcoin, Ether, or Binance, there is always a probability of losing your coins either by hacking it from your wallets on the Centralized Exchanges, shut down by governments due to a suspected fraud activity, or run away with your coins on the exchanges. These are simply the consequences of lack of regulatory oversight across the Crypto space. 

Complexity of Blockchain

Before a common man in the street can understand the way blockchain works can be extremely difficult. In this reason, many find it difficult to use, even when they know it’s real potential. Many people are not still convinced that Blockchain can act better when it comes to third party intermediaries when compared to Traditional banking system. Some are very comfortable with the present financial system, even with the high transaction and the huge intermediary fees. This is basically amounted by the complexity of blockchain, it drives many investors away especially the ones that doesn’t have the ample time to study it. The main reason why most people in the world are not aware of what Blockchain really is.

Blockchain can be slow and cumbersome

Blockchain transactions or operations can be very slow when compared to the traditional means of payment. Transactions can take a while to get confirmed on the network. This is due to the fact that as more information is processed on the network, it becomes more congested, thereby making it slow and sometimes increase the transaction fees. This had been the case for the past few years. 

In my personal opinion, even though these challenges could pose some barriers, Blockchain is another technology that will definitely find it’s way through the artificially made hurdles. This is evident in a new project known as WELLBE COIN. 

Then, What is WELLBE COIN?

WellBe Coin is a cryptocurrency which intend to create more awareness and adoption by many players from around the world of fitness and sport. It will revolutionize the fitness and sport industry using the concept of blockchain technology. Thanks to smart contract technology, Wellbe Coin will facilitate the model of self-financing and governance, absorbing, improving, and using sophisticated technologies in Blockchain to achieve this feat. Wellbe Coin intend to create a transparent, secured and easy-to-use Platform where players can interact with each other seamlessly. Additionally, the platform will enable seamless Exchanges between players in the fitness industry, which will create added value throughout the entire crypto space. 

What are the solutions Wellbe Coin intend to bring to fitness industry? 

• Wellbe will bring players from around the world together to create amazing community and build strong and effective support system around them
• Creation of Aidrops to build the influx of users coming into the platform. Other marketing campaigns will also be created in the nearest future to aid better growth.
• Network stability will be achieved via masternodes and staking
• The ecosystem will allow the integration of DApps, which will be available to everybody.
• Creation of start-up Incubators to support newly developed project to achieve their goals

Other Wellbe Coin’s service includes;

• Wellbe Defense and Wellbe Bureau of investigation (WBI)
• Wellbe Support and Development (WSD)
• Wellbe Marketing “Toolbox”

WELB Token Tokenomics

WELB is a BEP20 token which is built on Binance Smart Chain. It is the native token that will be used to access all services provided by Wellbe Coin platform. By July 2021, 200,000 WELBs will be made available each month and will be distributed between the WELB Treasury, The WELB Bone, the Actors (teams of developers, marketing, security) and the Masternodes. The tokenomics is summarized below;

• 40% to TRESOR WELB (including 10% for the FAS "Solidarity Aid Fund")
• 10% WELB Bone
• 10% WELB actors
• 40% to Development (then to Masternodes from the creation of the WELL Blockchain)

By July 2022, the number of WELB issued each month will decrease by 15% / year.

Wellbe ICO

Wellbe COin ICO is live! this is a great opportunity to grab some WELBs in a discounted price. The ICO is divided in 3 phases:

PRE SALE : 10% of the tokens available for the ICO will be sold for 0.07 €. This first phase will begin on April 9 and end on April 25, 2021

1 st CLOUD SALE : 40% of WELB Tokens will be sold at 0.09 €, start April 26, 2021, end May 26, 2021

2nd CLOUD SALE : 50% of WELB Tokens sold at 0.10 €, start May 27, 2021, end July 9, 202

Minimum purchase CLOUD SALES: 500 WELB

What are the benefit of the platform to the supporters? 

For Masternodes Operators

By supporting, setting up, hosting and maintaining a WELB masternodes, users will be rewarded with WELB tokens for these aforementioned services. Masternodes facilitate the maintainance of network which in turns creates network reliability. Each month, 80,000 WELB will be shared among masternode operators. The rewards will be shared according to the proportion of WELB tokens that is being held against the total reward pool. Below are the requirements necessary to set up a masternode on Wellbe network; 

•  A Wellbe Coin wallet 
• Minimum of 10,000 Wellbe Coin
• A virtual private server (VPS) running 24/7 and,
• A dedicated IP address for the VPS

For Players

Users will also be able to stake their WELB in a consensus Proof-of-stake (POS) model. Stakers can easily withdraw their rewards by spinning their Wellbe Coin wallet containing minimum of 1 WELB. 10% of total supply will be distributed among the stakers per month. Rewards will also be based on the proportion of WELB a stakers hold against the reward pool. 

For Partners

All partners of the Wellbe Ecosystem will have access to integrate DApps and other apps which will be based on the smart contract technology. Wellbe will provides support and technical expertise with continuous governance which will eventually create better value to the partners. 

For Final Consumers

Users can easily store WELB in the supported wallets as a store of value. Additionally, all services rendered on Wellbe ecosystem will be purchased only by WELB tokens. Users can easily access products and services on the Wellbe Platform with the WELB tokens. More users means more purchase of tokens which results to increase in value of the token.

In Summary, the fitness and sport industry are lagging behind and lossing users based on the lack of effectiveness from the providers. Blockchain Intends to change the face of these platforms which will make it much more transparent, effective and easy to use. WELB will be leveraging the power of Blockchain and smart contract technology to revolutionize the fitness industry by creating store of value using the WELB token for it’s users. Additionally, Holders of WELB tokens has a lot of benefits attached to contributing to the platform. Based on Binance Smart Chain, you can be sure that you had invested in a gem. Watch out!

For more information about the project, check the links below;

Website - https://www.wellbe-coin.com/

Telegram - https://t.me/wellbecoingroupe

Twitter - https://twitter.com/WellbeCoin

Facebook - https://www.facebook.com/wellbecoin/

Reddit - https://www.reddit.com/user/WellBeCoin/

Medium - https://cyclon13200.medium.com/

Linkedin - https://www.dhirubhai.net/company/wellbe-coin/

Author - Jerryco (Btt username)

POA - https://bitcointalk.org/index.php?topic=5335417.msg56941085#msg56941085