The post WELL TOKEN CRASH: Is WELL Token a Scam? appeared on BitcoinEthereumNews.com.

With the recent launch of WELL3, a Web3 Wellness Platform that rewards users for health data through DePIN, DID, and AI, speculations highly rose about it being a scam. What is it really and how to determine if it’s a scam or not? Here is all you need to know. 1- Understanding WELL3 What is WELL3? WELL3 is a Web3 Wellness Platform that leverages blockchain to transform health data into rewards. Using Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and AI analytics, WELL3 engages users with airdrops and rewards. This is another full guide to understanding it. Why the need for WELL3? WELL3 (WELL) is a new cryptocurrency and decentralized ecosystem launched to provide sustainable solutions through blockchain technology. Its primary focus is on environmental and social impact projects, enabling users to support initiatives that promote ecological sustainability. Is WELL3 a Cryptocurrency or a Platform? WELL3 is both a cryptocurrency and a platform. It operates as a Web3 Wellness Platform that converts health data into rewards using blockchain technology. The platform leverages a Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and AI analytics to engage users, while the WELL token is used for transactions, staking, and participation in various platform activities. 2- WELL3 Launch & Features Launch Details on Bitget Deposits: Opened Trading: Available from July 3, 2024, at 10:00 UTC Withdrawal: From July 4, 2024, at 11:00 UTC Participation Activities PoolX Mining: Stake BGB to mine WELL from July 3 to July 13. Total pool: 13,800,000 WELL CandyBomb Promotion: Trade WELL to win from a pool of 12,150,000 WELL. Runs from July 3 to July 10. Social Giveaway: Follow, repost, and trade to win a share of 3,360,000 WELL. Runs from July 2 to July 12. Step-by-Step Guide to Participate Create an Account: Sign up on Bitget.…

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Filed under: News - @ July 4, 2024 1:20 pm