What will I be able to do with my Wellnio tokens? What will be the practical utility of my Wellnio tokens?
Mary Cervantes
Last Update 3 years ago
Wellnio token sits at the heart of Wellnio. Here are just some of the use cases of how you’ll be able to utilize your Wellnio tokens:
Enroll and participate in Challenges
Having a sufficient balance of Wellnio tokens lets you enroll in Challenges and earn new tokens for participating in Challenges.
The more Wellnio tokens you have, the more Challenges you’ll be able to participate in.
Stake & Earn More Tokens
The more Wellnio tokens you have, the more you’ll be able to stake when enrolling in Challenges, and thus further increase your potential earnings for participating in a challenge.
Your earnings in any Challenge primarily depend on the amount of your tokens you staked when enrolling in a Challenge, and on the number of days you complete in a Challenge.
Sell Your Tokens For USD, EUR, GBP And Other Major Fiat Currencies
Once Wellnio tokens are listed on one or more exchanges, you’ll be able to quickly and easily sell your Wellnio tokens for any major fiat currency such as US Dollar (USD), Euro (EUR), British Pound (GBP), and others.
You will also be able to sell your tokens directly inside your Wellnio account.
Exchange Your Tokens For Bitcoin, Ether And Other Crypto Currencies
Once Wellnio tokens are listed on one or more exchanges, you’ll also be able to quickly and easily exchange (swap, convert) your tokens to other major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), stablecoins (USDT, USDC), and others.
Send (Withdraw) Your Tokens To Any Other Wallet
You’ll also be able to quickly and easily send a specific amount of your Wellnio tokens to any valid crypto wallet or address.
Vote
Having tokens also gives you the right to vote for important changes and matters on the Wellnio platform. The more tokens you have, the more weight your votes will have in governance voting when token holders will be deciding on important platform matters.
Publish Your Challenge & Earn Author Royalties
As an author of the challenge in Wellnio, you’ll be earning more Wellnio tokens through author royalties. The more people participate in your challenge, the more new tokens you’ll earn.