Milan Vlcek ICO team member replied on 31 Oct 2018

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.



Kind Regards,

Milan