What Is LEE? LEE is a utility token of the GameFi short video platform Cheelee. These tokens are earned by watching the feed in the Cheelee app. All internal calculations on the platform are carried out in LEE. Its issue is strictly limited; the total supply is 7,000,000,000.
The rate of LEE's accrual algorithmically depends on the number of tokens mined: the more they are mined, the more difficult it is to get new LEE tokens. The complexity of LEE's mining is constantly growing: by 7% per month and 84% per year. This stimulates the token prices to rise, which, in turn, encourages users to use the hodl strategy more often.
Since LEE is the utility token and is utilized for all app accruals, its demand is fueled by the growth of the Cheelee platform. Here are the ways Cheelee participants can use LEE:
Upgrade NFT glasses Charge NFT glasses Mint NFT glasses Promote content on the platform Make donations
What Makes LEE Unique?
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LEE token's potential audience is 4.6 billion social media users, which is more than half of all people living on our planet today. Consider also that the social networking market does not stand still and is constantly growing! The Cheelee platform's utility asset can grow in price for decades thanks to this enormous potential audience.
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LEE is the GameFi world's new bitcoin. We can state this with confidence since, like the first cryptocurrency, LEE has a limited supply and an algorithmically increasing mining complexity. Combined with the factor of a huge potential audience, this makes LEE an asset that will become increasingly rare and expensive over time. Just like bitcoin!
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When all the LEEs are mined, which, according to our calculations, will happen in about 5 years, they will not run out but will become an increasingly rare resource. Following that, Cheelee intends to repurchase LEEs from the market and use them to pay for viewings. This, in turn, will be an additional driver of the LEE tokens stability and their financial support.
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With Cheelee`s common userflow, users don't need to modify their routines in order to start earning LEE. All they need to do is go about their daily business while browsing social media and watching the short videos that an intelligent self-learning AI computer has tailored to their preferences. Many other 2Earn projects need users to change their habits in order to succeed, such as starting to run more frequently, caring for a virtual pet, or taking lengthy walks every day, whereas Cheelee does not.
How Many LEE Tokens Are There in Circulation? When it comes to tokenomics, the quantity of LEEs in circulation is quite flexible. It depends on how many of them are burned and how many new ones are mined. Anyway, there is a maximum and total supply of 7,000,000,000 LEE tokens, and no more of this figure will ever be mined.
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