CHEELEE Coin is the base token from the platform of the same name, which allows users and creators to receive rewards for viewing or creating content. In short, this is a social networking platform where users can make money from time spent viewing content.
If you want to know more interesting information about Cheelee Coin’s platform, please don’t hesitate to follow upcoming content from AZcoin!
What is Cheelee?
Cheelee is a unique social media platform where not only content creators but also regular users have the opportunity to earn money from the time they spend viewing content. This is a pioneering and distinctive approach, providing profit opportunities for both users and content creators.
Additionally, Cheelee introduces a new mechanism combining NFT and GameFi through digital glasses NFT, a core element of the platform’s ecosystem. Upon joining the platform, each user receives a free digital glasses NFT, which can then be used as a tool to earn money on the platform.
Furthermore, digital glasses NFT can be used as a collectible item, allowing users to freely trade and buy/sell it. Users can also upgrade their digital glasses NFT to unlock new features, which can lead to higher earnings.
In addition, Cheelee plans to expand into the metaverse in the future, offering even greater opportunities for holders, creators, and NFT users.
How does Cheelee work?
The operation of Cheelee essentially revolves around the watch-to-earn mechanism by providing users with digital glasses NFT when they first join the platform. As mentioned earlier, the digital glasses NFT is a tool that allows users to earn token rewards by watching videos.
The amount of token rewards a user can receive depends on the rarity and stats of the digital glasses NFT they own. This feature creates a demand for purchasing additional or upgrading existing digital glasses NFTs to enhance the frequency and value of the rewards received.
This reward mechanism will be applied throughout the Cheelee experience. Detailed reward rules are outlined in the platform’s Whitepaper if you want to learn more.
What’s remarkable about Cheelee?
Here is a quick summary of the most notable features of the Cheelee platform:
- Free Participation: Users can join for free and receive their digital glasses NFT upon signing up for the platform.
- Passive Income Model: The model allows participants to earn money passively by watching content available on the platform.
- Token and Stability Fund Support: 70% of funding comes from advertising and in-app purchases, with 100% of funds coming from NFTs and internal transactions.
- Rapid User Growth: The platform has experienced rapid and robust growth, reaching 4.6 billion users and with the potential for further increases in the future.
What is the CHEELEE Coin?
CHEELE Coin is currently the main token of the Cheelee platform, used within the platform for transactions or to participate in some important events.
Specifications
- Token Name: CHEELEE
- Ticker: CHEEL
- Token Type: Utility & Governance
- Blockchain: BNB Chain
- Token Standard: BEP20
- Contract: 0x1F1C90aEb2fd13EA972F0a71e35c0753848e3DB0
- Total Supply: 1.000.000.000 CHEEL
- Circulating Supply: 53.837.996 CHEEL
Token Allocation
Regarding the allocation status, according to the platform itself, we have the following information:
- Cheelee rewards: 38.1%
- Marketing: 28.625%
- Reserve fund: 12.25%
- Team: 10%
- Liquidity: 10%
- Advisors: 0.5%
- Strategic Round 1: 0.2%
- Strategic Round 2: 0.15%
- Community drop: 0.125%
- Private round: 0.05%
CHEELEE Coin Use Cases
CHEELEE Coin is currently used for the following specific purposes:
- Purchasing unique digital goods within the app.
- Participating in voting on the implementation of new features in the app.
How to own a CHEELEE Coin?
CHEELEE Coin is relatively simple to own by simply joining the platform and using digital glasses NFT to track content from the platform.
Besides, if you want to find out more about tokens like CHEELE Coin, we recommend you take a look at the best crypto exchange sites here.
Conclusion
Here is all the most general and easy-to-understand information about CHEELEE Coin and the main platform to which it belongs. Thank you for taking the time to follow and see you again in other content at AZcoin.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
