360Wellness is Pioneering Healthy Living Through DEFIT Tokens

By Achal Arya
Published March 15, 2021 Updated March 15, 2021
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360Wellness is Pioneering Healthy Living Through DEFIT Tokens

By Achal Arya
Published March 15, 2021 Updated March 15, 2021

The global healthcare system almost got crumbled with the advent of the coronavirus pandemic, with even the most advanced nations stretched to their limits. While no one envisaged the outbreak of such a contagious virus, the occurrence has revealed the exigencies of healthy living, a responsibility 360Wellness is taking upon itself.

What is 360Wellness?

360Wellness™ brings to life the next generation of digital wellness, capitalizing on the growing telemedicine industry to help anyone around the world to maintain health and fitness. The platform will operate as a blockchain-based decentralized Fitness and Wellness marketplace connecting people with professionals all over the world to stay Fit and Healthy at home. 

The platform will aid users in turning their living room into their own at-home-fitness studio through the provision of a powerful suite of mobile and web solutions to reset the world with wellness post-pandemic. As a digital platform built in collaboration with wellness industry experts and sports scientists, 360Wellness is integrating a lifestyle tracker into its application, helping to monitor how well you train, eat, feel and sleep all in one place.

While 360Wellness boasts of productivity, it also guarantees the rollout of rewards to incentive diligence to healthy lifestyle practices. This reward scheme is made possible through its native currency, the DEFIT Coin.

DEFIT Coin Overview, Tokenomics, and Investor Benefits

The DEFIT Coin is the native token that powers the 360Wellness ecosystem. It is built as an ERC-20 token and is interoperable with other tokens that sit atop the Ethereum blockchain. 

The DEFIT tokens have a total supply of 50,000,000, a soft cap of 650,000 USDT, and a maximum cap of 1,152,500 USDT.

Of the total DEFIT Token supply, 46% which is equivalent to 20 million tokens is allocated to Angel investors as well as private and public sale programs. 15% is reserved for staking and loyalty rewards while 12.5% is allocated for exchange liquidity. The rest of the tokens are allocated for operations, the team behind the project, marketing, the project advisors, and launchpad support respectively. 

The DEFIT tokens employ the Proof-of-Stake model, and users can stake their coins to get a competitive APY up to 20% for those who stake as much as 35,000 DEFIT tokens each month. This staking reward is a direct benefit for the investors who hold the coins but the 360Wellness wealth creation model also lets users of its platforms earn the tokens while completing scheduled tasks.

Besides users receiving DEFIT tokens for completing fitness tasks, 360Wellness also incentivizes them through;

  • Token-Back Rewards: Each user with over 500 tokens a month is eligible to get a 5% token-back reward. For example, a user with 1000 DEFIT tokens a month will get 50 tokens back.
  • Referral Rewards: For each person referred successfully to the 360Wellness app, a user can get 10 DEFIT tokens. People can refer a maximum of ten users.
  • In-App Discounts: DEFIT token holders are eligible to get amazing discounts of up to 30% on the products or services on the 360Wellness app.

360Wellness takes a fee staking fee which will burn out every three months, guaranteeing a scarcity measure that will cause a growth in the price of the tokens over time.

Roadmap To Anticipate

As part of its roadmap, the web app launch is scheduled for the end of the first quarter while the DEFIT tokens will be up for private and public sale in April. By Q3 and Q4 2021, the 360Wellness ecosystem will have been fully operational with an introduction of NFT art creations to further bring value to the backers of the project and the platform users.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Achal Arya
516 Articles
I am an entrepreneur and a writer with a bachelors degree in Computer Science. I manage the blockchain technology and crypto coverages at Coingape. follow me on Twitter at @arya_achal or reach out to me at achal[at]coingape.com.

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