WelliCoin

A blockchain powered infrastructure for healthcare access in Nigeria and, eventually, across Africa.

What is WelliCoin?

WelliCoin is the native digital token of the WelliCare health ecosystem—a blockchain powered infrastructure for healthcare access in Nigeria and, eventually, across Africa. It isn’t just another coin floating around in the crypto space; it’s a utility token designed to connect patients, clinics, pharmacies, NGOs, and insurers within a single value loop. At its core, WelliCoin = healthcare credits + community incentives + financial bridge.

How WelliCoin Works (Mechanics)

1. Blockchain Backbone

◦ Built on a scalable blockchain (likely Ethereum L2 or Solana equivalent) for
low transaction fees and smart contract flexibility.
◦ Every transaction is transparent, auditable, and tamper-proof.

2. Wallets & Records

◦ Users get a WelliWallet tied to their WelliRecord (portable health record).
◦ Every health transaction—consultation, prescription, lab result—is linked to their wallet activity.

3. Circulation Model

◦ Minting: New WelliCoins introduced through NGO funding, government
subsidies, or purchase with fiat/crypto.
◦ Burning/Stability: Some tokens are burned or locked to maintain value and prevent inflation.
◦ Utility Flow:
▪ Earn → Save → Spend → Circulate → Earn again

Purpose of WelliCoin

1. Incentivize Healthy Behavior
◦ Rewards for keeping health checkups, vaccinations, fitness goals, or even
attending health education sessions.
◦ Example: A mother who takes her child for immunization earns WelliCoin.

2. Pay for Healthcare Services
◦ Can be used to pay for clinic visits, telemedicine, lab tests, drugs, and mobile
clinic services.
◦ Accepted by WelliCare partner facilities.

3. Enable Micro-Insurance & Subsidies
◦ NGOs, government, or donors can distribute WelliCoin to targeted groups (e.g., rural communities, pregnant women, chronic patients).
◦ This creates a transparent aid pipeline (no middlemen pocketing funds).

4. Cross-Border & Rural-Urban Bridge
◦ Migrant workers or diaspora can send WelliCoin to family members back
home, ensuring the funds are spent only on health services.
◦ Makes healthcare remittances purpose-driven and fraud-proof

Value Proposition

• For Patients: Affordable healthcare, rewards for staying healthy, trust that aid/ insurance reaches them directly.
• For Clinics & Pharmacies: Faster payments, reduced cash handling, more patients incentivized to use services.
• For NGOs & Donors: Transparency in how subsidies/aid are distributed.
• For Diaspora Families: Guaranteed that remittances are used only for healthcare.
• For Government: Easier way to roll out targeted healthcare subsidies and monitor impact.

OUR ECOSYSTEM

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