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Wellmee
Rewarding People for Their Wellbeing
Wellmee brings a mobile application which helps people live their lives better. On the other hand, it creates a unique ecosystem for employers and employees. Together with Wellmee tokens, it makes it possible for employers to reward the employees who use Wellmee app, because a happier person shows better results at work as well.
Wellmee is a mobile application which positively serves its users in various meaningful ways. From mentoring, advising, engaging, entertaining to relaxation. Its essence is to contribute to users´ wellbeing. (See more on wellbeing see in 3.3.1) It helps people to feel better and more fulfilled in their lives.
By using the Wellmee application its users are constantly enhancing their wellbeing. The study done by CAGE research centre found that happy employees are up to 20% more productive than unhappy employees While happiness can be affected by DNA and life circumstances, professor, at University of California Riverside, Sonja Lyubomirsky suggests in her bestseller The How of Happiness that we still control roughly 40% of our happiness.” 2 This is the working ground for the Wellmee application.
Since happier people are more productive it is also employers who will benefit from Wellmee usage outcome. Based on a complex algorithm and the metrics behind the application, employers will be able to see how efficient the usage of the application has been by their employees and based on this they will be able to reward their employees with Wellmee tokens – e.g. on a yearly basis.
Wellmee application is purely private. It is only the user who experiences the content of the app. What happens in Wellmee stays in Wellmee. Employers will be only capable to get extracted data of tracking the progress of usage – the content of how and by what was the progress made will not be transferred to other parties by any way.
That is why the relationship between the user and his Wellmee application is built on trust.
The app can be used by every smartphone holder using either iOS or Android operational system.
Ph.D. | CEO | Investor | FinTech in Stocks | Blockchain in Cryptos | Singapore Rated on Oct 26, 2018 Modified on Oct 27, 2018
5
5
5
19%
Love the vision of this project. However, there is a disconnect with the product. How can a mobile app help people to live their lives better? Sounds counter intuitive.
Perhaps the team can articulate the message in a better way?
All the best!
~~~~~~~~~~~~~~~~~~~~~~~
Milan Vlcek
ICO team member replied on 26 Oct 2018
Dear Clemen,
thank you very much for your relevant feedback. Saying that the app will make people live their lives better is a simplification. But in reality yes, this is the goal. Wellmee app is encouraging, mentoring and entertaining the user uniquely because it learns continuously the needs of every single user.
Like this it enhances his and her wellbeing and makes their lives better lived – better than not using Wellmee app :-)
Exchange listing consultant, Experienced ICO analyst, Owner at TokenCouncil.com, Token Sale Platform supplier, Advisor Rated on Oct 25, 2018
3
3
1
15%
On one hand, you have a team of enthusiasts that have an idea and want to turn it into reality. For that, they need to raise capital, in order to hire developers, rent office space, have marketing budget, etc.
On the other hand, you have the ICO so-called "investors". Well, actually, if you conduct an ICO, it's illegal to call them investors, as by releasing an utility token you actually (as a company) have absolutely no responsibility regarding to the people that funded your project. You throw some tokens in the market and the way their value fluctuates is, in some extent, influenced by your company actions. But you (the company) raised the necessary amount for funding your activity, and the raised funds are in a currency that is more liquid than your token.
Now, what I see in the latest months is this trend where everybody is conducting an ICO, no matter what the nature of the product/service they want to launch.
Don't get me wrong, I really like the idea behind Wellmee and I think it can become a very useful tool. But why ICO? Why blockchain? Wouldn't you guys be better if you went to a normal fiat investor or pitch your startup at some funding meetups?
Dear Mihai,
Thank you for your evaluation of our Wellmee project, even though it is not very positive… I am sorry you see our concept on the same wave with others you call “trend”. Before the decision to run for the initial token offering we have discussed it internally thoroughly and decided for this way mainly because our tokens would be uniquely related to Wellmee application and its usage. The currency can flow in the ecosystem regarding its demand and supply, and employers will be still able to use it as a reward for their employees. Plus it has much better liquidity than some kind of vouchers which are used globally now. There are valid reasons why we chose this path.
And if your words about the trend where not meant in relation to our Wellmee project so why to mention it in this evaluation?
Yes, we can ask for the funding at regular VC funds of course, but this is not the point here. We see the use of cryptocurrencies in our ecosystem as well.
Entrepreneur, Author and Marketing Specialist Rated on Nov 5, 2018
5
5
5
13%
After analyzing the entire documentation for this ICO, I am confident that Wellmee will bring a positive impact to our society and greatly improve the workplace environment into many companies. They also have a working MVP available.
Thank you Miruna-Maura for your supportive feedback! We are sure there are a lot of obstacles in ahead of us (as it was up to now as well :- ) and that the path to make it happen will be difficult. But we are looking forward to it ! We have a good motivation – making people happier :- )
Former Fintech developer, currently working at Xtheta Inc. Singapore, a cryptocurrency exchange. Rated on Oct 28, 2018
4
3
4
10%
A decent team and a working MVP so that is a good start. Need more advisors though. Decent road map also suggested some good foresight and planning.
White paper well, i can say it is informative but definitely not the most enjoyable i have done read so far. Some white paper are just written and formatted in such a way that people would want to read it and know more about the project, this one lacks that appeal, but still it contains enough info for investors to make their analysis. Perhaps can work a bit on the layout and formats.
Also the one pager format is well, not very appealing to say the least, but again it does have good information.
Employee well beings and productivity are one of the clearest and most direct linkage. That has been clearly shown in the cases studies.
The thing i do not quite get is
1. There are already many companies doing employees wellbeing mgmt, what makes you different from the rest
2. Why use BC
3. Why would employees want to receive wellme tokens instead of traditional wellbeing tools that often give cash incentives or physical rewards like a meal for 2.
4. What is the use of tokens in the system?
5. Why would people buy your tokens?
6. Are there any incentives for users to hold the tokens instead of selling it?
The first three is about the practicality of the project, the next 3 is to determine if the tokens would increase in value
Overall I would say it would be a decent project if the directions and strategies are right.
Dear Yao,
Thank you very much for your time and highlighting some of the crucial aspects of our project. Let us answer them to you so it is more clear to understand what is our concept build on.
1. There are already many companies doing employees wellbeing mgmt, what makes you different from the rest
- From those management apps already existing on the market – none of them have yet built it on AI and machine learning as we aim to do it. With current apps you have the pre-set content to which all users need to fit. With Wellmee app the content will be unique based on continual learning of the character of the user. Plus there is this possibility to have it engaged with employers to be rewarded while actually doing something well for themselves. None of existing apps provides the service to the user as is defined and designed for Wellmee app users.
2. Why use BC
- If the question is about the reasons of choosing the business model as we did, it is simple. Everyone feels comfortable if they are stimulated with something which fits to their needs. Activities which people do in their free time are mostly covering it. But there is a lot of space for enhancing it. Through mentoring and encouraging to bring the user to upper level of his or her fulfilled desires or unmet needs. Combining it with the fact that employers want work/life balanced employees and having the motivation to reward them for it is obvious. Further to this topic is in the answer of your following question.
3. Why would employees want to receive wellmee tokens instead of traditional wellbeing tools that often give cash incentives or physical rewards like a meal for 2.
- Receiving Wellmee tokens gives an employee a wide range of possibilities where to apply it. Once it is regularly recognized and accepted in the marketplace then the holder of Wellmee tokens is not limited in using it like nowadays when they receive a sort of voucher which can be applied specifically for certain occasion (a voucher for food, a ticket to the cinema, a ticket to the gym) – payment with Wellmee token will cover it all.
4. What is the use of tokens in the system?
There are four main functions of the token: a) usage/utility: the token provides access to the services provided by the app; b) currency: the access to the ecosystem and the services are paid for with the token; c) rating/governance: token holders can provide feedback on the quality of the services provided (valuable ratings can earn them reputation and tokens), and they can even vote on planned features etc; d) work: token holders are granted the right to contribute to the ecosystem by offering their services in change for tokens (wellness-related services, but also financial services, marketing, business development, analytics, create and manage token curated lists, etc)
5. Why would people buy your tokens?
There is a unique value for the token holders to participate in the ecosystem, which creates a community around work and leisure activities, can help achieve an optimal work/life balance. In the pronounced changes of the workplace we are facing (e.g. due to automation, global internet access) Wellmee can help shape a lifestyle of the future. The Wellmee ecosystem wants to become a driving force of this change and to bring its members on the cutting edge of today’s technological achievements. On the other hand, employers willing to innovate their workplaces and attract new talent can boost their presence in the new token economy.
6. Are there any incentives for users to hold the tokens instead of selling it?
Tokens provide a constant access to the ecosystem, and are necessary for every interaction in the space. As long as people are interested in benefiting from (or contributing) their services, they need to hold the tokens. The tokens provide a network value, ie. they are tied to the value and development of the network.
Thank you once again for your evaluation and we are happy to answer you any additional questions.
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Concept of The Happiness machine.
Concept of The Happiness Machine: Mobile Behavior Change by (Aaron Marcus and Associates, Inc.Berkeley, USA) is created.
2
March 2018
Concept of Wellmee app.
Concept of Wellmee application is established and loosely follows on „The Happinness machine“
3
November 2018
ITO takes place.
4
December 2018
Dream come true.
Development of the app starts! Wellmee team is complemented continuously and appropriately (mainly experienced Psychologists and world-class SW engineers).
5
January 2019
Development and Ecosystem setup.
Beta program of Wellmee app is continously released based on agile development; Foundations laid for functioning of the ecosystem for both Employers and Merchants.
6
January 2020
Wellmee 1.0 is released (by Jan 2020).
Available on iOS and Android; Covers the fundamental features; Pilot with the companies is done.
7
January 2021
Wellmee 2.0 is released (by Jan 2021).
Offering most of the key features; Operating with initial Employers and Merchants; First revenue is booked.
8
January 2022
Wellmee 3.0 is released (by Jan 2022).
Fully functioning app with all its necessary features; Having its regular users where numbers are exponentially growing; Recognized by all big companies on the market for its benefits.
