Crypto investors faced a harsh year with a significant surge in regulatory attention following the dramatic events of 2022. It is not so easy to recover from such a blow, and experts say the current BTC price rebound does not mean a market recovery. As long as the Fed does not cut rates, risky assets, including cryptocurrencies, will continue to fall. New fundamental projects that can attract new supporters to this area can give the only hope for the restoration of the crypto market. Such a project has already appeared, it is Cheelee — GameFi short video platform, which ranks first among NFT and GameFi projects in 2023. All you need to earn here is to watch a video feed. Cheelee`s target audience is all users of social networks, and it’s going to plunge all these people to crypto, and this is really mass adoption!.
Combining GameFi with Social Networks
Cheelee is a short video platform from the developers of another social network app NUTSon with a 1.5 million user base. Cheelee offers a fundamentally new approach to the relationship between social networks, bloggers and ordinary users giving everyone the opportunity to earn money, regardless of the number of their subscribers. The easiest and most suitable way for anyone to earn money which Cheelee provides is scrolling your favorite video feed and getting rewards for this simple activity.
The model Cheelee is working within is called the attention economy which was first proposed by Herbert Simon half a century ago. Its meaning is that viewers should receive rewards for their attention. All Cheelee participants are beneficiaries: сontent creators get a completely new platform to start, where they can quickly rise because of the primacy effect, and users get a new source of income, and this source is accessible to anyone, regardless of gaming skills. All the platform needs from you is your attention.
Play-to-Earn is definitely the trend of the last two years, and, as we see from venture firms’ activity (over $3.4 billion invested in GameFi in 2022), and Cheelee is more than just P2E, so it’s going to transform this trend into crypto mass adoption in the coming years. As for 2022, Cheelee reported that during this year, it attracted $22.45 million: VC Sila and Veligera invested $8M in equity investments; 6 VC funds invested $3.45M in token allocation, and the company’s founders put $11M to project’s launching. The budget for the app`s launch campaign exceeds $30 million and now it is available on Google Play and in a couple of weeks will be on App Store.
How Can You Earn Here?
In Cheelee, you can start earning without investments. Immediately after registration, you receive entry-level NFT glasses. They help you earn on watching content: you get a dropbox with game tokens randomly, which you can later exchange for fiat or other cryptocurrencies.
To multiply earnings, you need to figure out the set of game tools in the app. You need to get NFT glasses of a higher level, which you need to maintain and level up with the help of game variables.
The beauty of Cheelee is that you can start for free while the application is designed to integrate earnings as much as possible into the usual social network`s user flow. You don’t need to change your behavior or form new habits — just scroll through the feed and enjoy your earnings.
Cheelee does not allow any cheating: to earn, you will really need to watch the content. The platform has protection from bots and farms onboard, and thanks to its deep behavioral metrics, Cheelee is protected from fraud and leakage of liquidity.
The CHEEL and LEE Tokenomics
Cheelee`s tokenomics is based on two tokens.
- CHEEL is the governance token whose total supply is 1,000,000,000. It is already listed on Coinsbit and Bitmart and it’s already on Coinmarketcap. CHEEL is needed for making the NFT glasses` level higher. Its holders have a voting right on the platform and can decide what way it will go in the future. You can stake CHEEL which gives you passive income and several bonuses available only to those who own CHEEL. Considering the fact that Cheelee’s main competitors in the short video platform field are estimated to be worth more than $500 billion, it has a growth potential of at least $100 billion CHEEL has a huge potential for growth – at least more than 1000 times! So if you aren’t giving up on discovering tokens that can bring XXs, CHEEL is definitely this one.
- LEE is the utility token with a total supply of 7,000,000,000. The platform credits LEE to your wallet for watching the feed, you pay it as fees, and all other internal calculations are carried out in this token. The complexity of LEE`s mining is constantly growing (7% per month, 84% per year). It naturally stimulates LEE`s price growth, and as its supply is strictly limited, the potential of this token is extremely high. It even has the potential to become a new bitcoin someday, considering the fact that Cheelee is going to attract billions of users in the coming years.
Cheelee`s System Sustainability
The economy of Cheelee is balanced and thought out to the smallest detail. The CHEEL`s price has increased resistance to market volatility. Protection against a sharp drop in price is achieved due to the fact that venture funds and the team will not be able to sell their tokens for two years, and the community drop will be unfrozen after one year.
This means that during the entire period of active project development, CHEEL will not be in free circulation, while Cheelee will increase its value for investors. Thus, during the time of the project`s vulnerability, its token will not face panic sales against the crypto market whims background.
In addition, Cheelee has sources from which the project will receive additional income. Since it is a social network project, up to 40% of its revenue will be from advertising, collaborations with brands and in-app purchases. This differs Cheelee from other blockchain gaming projects that rely primarily on NFT sales, which could lead to the project’s demise.
Conclusion
In fact, Cheelee is an absolutely unique project with no analogues today, which has the potential to put the crypto world out of its winter. Moreover, similar ones are not expected to appear in the near future, since it took Cheelee`s experienced team more than three years to develop the app. The NUTSon network that they launched in 2021 has a 33% engagement rate and 15,000 videos being released on it every day. It is from there that the first audience unfamiliar with cryptocurrencies is now flocking, which will soon become owners of the CHEEL and LEE tokens.
TikTok has a market value of $500 billion today. If at least one-fifth of these people join Cheelee in the next couple of years, then the price of CHEEL will increase by 1000 times. CHEEL was already listed on Bitmart, Coinsbit and is on Coinmarketcap. And now imagine how much more real benefits Cheelee brings to its users. And independently calculate what potential x’s its token can make. So it’s time to explore Cheelee closer and join its community to witness the first steps of the future giant.
