This story started in 2015 with an accident, more precisely with a guy who broke his leg while snowboarding. He underwent surgery but was unable to receive the necessary physical therapy and rehabilitation due to a ton of red tape. It took him four weeks to find a therapist and get an appointment. By that time, he had broken his leg a second time and endured another surgery, adding about $50,000 to the costs for his health insurer. The guy’s name is Ildar Fazulyanov, and he is the founder of WELL — an online medical company on a mission to make top-quality healthcare services accessible to everyone.
The global medical system is out-dated and highly ineffective, which sometimes leads to treatment delays, wrong diagnoses, unnecessary patient suffering, and additional expenses. Half of the world lacks access to essential healthcare due to a combination of physical distance and high medical service prices. The latter, in turn, are often the result of huge overhead costs for healthcare professionals and the inefficiencies of insurance companies and healthcare systems.
WELL’s decentralized blockchain platform directly connects patients seeking medical advice or opinion with leading healthcare specialists, regardless of geographical location or native language. The service is accessible around the clock, 365 days a year, which means that a patient can get timely medical advice and start treatment. At the same time, the low-cost business model of the platform allows medical specialists to reduce prices by approximately 30%, making their services affordable to a wider pool of patients.
WELL has already built the largest telehealth network in California. Its tokens are designed to eliminate geographic boundaries by solving the issues of cross-border payments and payment risk, which is achieved through automatic transfers via WELL tokens and smart contracts. It allows patients and doctors to make and receive payments bypassing banks and third-party services.
The public token sale for WELL, priced at $0.01/WELL, starts on February 25 and will last until May 15 or until all 600 million tokens are sold out. If you are interested in the project or want to find out more about it, visit the official website, or subscribe to their updates on Telegram, Facebook and Twitter.