Cheelee/CHEEL#168 0

What is Cheelee (CHEEL)?

Cheelee (CHEEL) is a GameFi-based short video platform built within the framework of the Attention Economy that rewards users for watching content. Launched in February 2023 and developed by NUTSon, Cheelee allows users to earn tokens for viewing its social media content, bringing cryptocurrency mainstream for users around the world. Cheelee uses the Attention Economy idea, which treats user attention as a commodity. With approximately 4.6 billion social media users spending an average of 2.5 hours a day consuming content, Cheelee now rewards them in cryptocurrency, making it the first social media platform that introduces mass adoption of blockchain recompense.

What Makes Cheelee Unique?

Unlike other social media platforms that only reward creators for developing content, Cheelee enables users to earn money while simply enjoying video content. Cheelee has several distinguishing features: 

• Watch-To-Earn Model - Token incentives for content consumption: users passively earn tokens just for watching content. They can earn more tokens the more they actively engage within the app, but users will still be rewarded for watching alone. 
• NFT Integration - Free NFT glasses are given to users when they create an account; these NFT glasses will increase their token earnings as they watch videos. 
• Remarkable Financial Model - 40% of Cheelee's annual revenues comes from ad revenue and therefore demonstrates an economic model that can sustain itself. 

Who Are the Founders of Cheelee?

Cheelee was founded by:

• Ruslan Sharov – Founder & CEO, leading blockchain-based social media innovations.
• Roman Alekseev – Co-Founder, a venture capitalist with a $500M investment portfolio.
• Yuriy Kardonov – Co-Founder & CPO, responsible for product development and user experience.

Cheelee Native Tokens: CHEEL & LEE

• CHEEL (Governance Token) – Total supply: 1,000,000,000
• Used for leveling up NFTs, voting in DAO, and paying for in-app advertising.
• LEE (Utility Token) – Total supply: 7,000,000,000
• Used for watching content, NFT upgrades, donations, and content promotions.

How is CHEEL Token Used?

The CHEEL Tokens have several different functions in the Cheelee ecosystem. It is used for platform-based payments, staking for rewards, and trading NFTs in the marketplace. CHEEL holders can vote on decisions about the platform, and can also purchase advertising space for their businesses or other businesses. CHEEL serves an important function in both the management of ecosystem governance and monetizing platform functionality.

Token Allocation

• Cheelee Rewards – 38.1%
• Marketing – 28.625%
• Liquidity – 10%
• Team – 10%
• Reserve Fund – 12.25%
• Advisors – 0.5%

Where to Buy CHEEL Token?

CHEEL tokens may be obtained through a variety of prominent Crypto Exchanges. Among those that offer the token are LBank, CoinW, BitMart, XT.COM, Gate.io, Azbit, GroveX, BloFin, and PancakeSwap (v2). They offer the token against USDT, a stable coin, demonstrating the liquidity and accessibility of CHEEL.

Best Wallets for Cheelee (CHEEL)

Perhaps one of the safest and best wallets for CHEEL token is MetaMask, TokenPocket, Assure Wallet, SafePal, Coinhub, OKX Wallet, SimpleHold Wallet, and Binance Wallet. Hardware wallets like SafePal and Binance Wallet maintain better security. The browser-based MetaMask and TokenPocket offer easy access to Web3 tokens.