Dubai, UAE, March 6, 2023 / AlexaBlockchain/ – Cheelee, a short video platform in the GameFi space, has been recognized as the first among gaming metaverse cryptocurrencies by Investorplace and Markets Businessinsider, with its CHEEL token. Additionally, CryptoDaily has ranked the CHEEL token as the number one most promising cryptocurrency to watch for in 2023, which was shared by CoinMarketCap.
Cheelee aims to become the top video platform and disrupt the social media industry by allowing users to earn while scrolling through their preferred content. This new feature would add an earning element to daily user activities. Simply by watching their favorite content, users can earn money.
Cheelee is a GameFi short video platform that has the potential to disrupt the market and attract audiences away from its competitors. By enabling 4.6 billion social media users worldwide to earn while watching their favorite videos, Cheelee is lowering the barriers to adoption of Web3 and cryptocurrency.
The platform is user-friendly and offers free NFT-glasses to all users upon registration, with no fees required. Users can increase their earnings with higher-level NFTs and gaming tools, and even become creators to earn additional income.
The CHEEL token is poised to be a highly lucrative investment in 2023 due to Cheelee’s unique positioning as the first blockchain project with the potential to reach nearly half of the world’s population. With the help of GameFi technology, Cheelee is making it easy for social media users to access cryptocurrency, accelerating the mass adoption of digital assets.
Cheelee’s potential for growth is enormous, with the possibility of attracting a significant portion of TikTok’s user base in just two years, leading to a potential increase of over 1000 times in the value of the CHEEL token. However, the platform’s potential extends beyond this, as no other social network has provided its users with the same earning opportunities.
The editors at NewsBTC believe that the CHEEL token will help bring an end to the extended period of decreased cryptocurrency values, known as the “crypto winter”.
Cheelee’s app was added to Google Play on February 22 and is set to be available on the App Store in early April. The app boasts an innovative, AI-based personalized recommendation system with machine learning capabilities. In addition, Cheelee is protected against farms and bots, ensuring that all tokens are earned fairly.
Cheelee’s financial model is designed for sustainability, with the majority of its revenue coming from sources unrelated to NFT sales. Advertising, in-app purchases, and brand partnerships account for up to 40% of the platform’s total revenue, compared to just 1% in other move-to-earn apps.
The remaining revenue, including 100% of NFT sales and platform transaction fees, as well as 70% of advertising revenue and in-app purchases, is deposited into the Stability Fund to stabilize CHEEL’s price and protect it from market fluctuations. Currently, CHEEL is listed on Coinsbit and BitMart, and its value has increased by more than x75 within a month of trading.
Cheelee’s innovative approach is based on the concept of attention economy, which was first proposed by Herbert Simon in the 1970s. This theory states that attention is the most valuable resource in today’s economy, as it is becoming increasingly scarce.
Cheelee addresses this issue by rewarding users for their attention, thereby helping to mitigate the global unemployment problem caused by the rise of AI.
The app has received a total of $22.75 million in funding in 2022, including $8 million from VC Sila and Veligera in equity investments, $3.75 million in token allocation from six VC funds, and $11 million from the company’s founders for the project’s launch.
If you are still searching for a promising cryptocurrency investment, do not miss the opportunity to invest early, as CHEEL has the potential to climb to the top of the global cryptocurrency rankings. It could become one of those legendary cryptocurrencies that investors have a real chance to profit from.
Source: CHEEL