Cheelee
Crypto Overview
Overview
Cheelee is a short-form video platform that operates on blockchain technology, incorporating a Play-to-Earn (P2E) model where users can earn CHEEL tokens by watching and creating content. The platform aims to compete with TikTok while introducing Web3 elements.
Purpose and Utility
The primary utility of CHEEL tokens includes: platform governance, content creator rewards, advertising payments, and in-app purchases. Users can earn tokens through various activities on the platform, including watching videos and creating content.
Business Model Analysis
The business model revolves around content creation and consumption, with a reward mechanism for user engagement. The platform generates revenue through advertising and token-based transactions. The core activities appear to be focused on legitimate content sharing and social media engagement.
Development and Adoption
The platform has shown active development with regular updates to its ecosystem. While specific user numbers are not publicly available, the platform maintains an active presence on social media and continues to expand its features.
Token Distribution and Governance
Token distribution information shows allocation across various stakeholders including team members, development fund, and community rewards. A vesting schedule is in place for team allocations to prevent immediate dumping.
Crypto Impact
To assign a comfort level investing in Cheelee from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Cheelee.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.