Gate.io Blog GateLive AMA Recap-Cheelee

GateLive AMA Recap-Cheelee

27 September 16:33

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## Cheelee now is playing a huge role in social media and blockchain. Could you please tell our viewers more about Cheelee and technologies that it tries to implement?
**Victoriia Miracle (CCO of Cheelee)**
● Cheelee is a new Social Media based on short-videos similar to TikTok but we have a very important feature: it's a blockchain that allows you to earn coins just by watching the feed.

● Everybody loves to spend their time watching short-videos but with us it gets more pleasant because of the payments that users receive as part of advertisements revenue that a Cheelee shares with its users.

● Our in-game mechanics of Digital Glasses allow you to earn in a fun way. All of the above goes along with our smart-feed that will show you content, based on your personal preferences that makes your entertainment pleasant and fun.

● All social networks earn billions from advertising, but this is the merit of users. Our main goal is to show everyone that their attention is a valuable resource that can be exchanged for real money due to our financial model where part of a company's advertisement revenue is shared among the users.  That’s how we are creating a revolution in the world of social networks – we share the profits.

● Unlike similar projects, each user receives free Digital glasses after registration, with which he can test the mechanics of the app — so there is no initial investments to start using Cheelee. Then you can buy rarer glasses on the internal marketplace to earn more. The cost of Digital Glasses starts from $10.

● In the near future there will be many other features added to our platform not only for viewers but also for the content-creators.
## Cheelee is a very young social media platform that is currently competing with such corporations as Meta(Facebook, Instagram) and TikTok. Is there any data that you can share with us about how many users you already have?Cheelee is a very young social media platform that is currently competing with such corporations as Meta(Facebook, Instagram) and TikTok. Is there any data that you can share with us about how many users you already have?
**Victoriia Miracle (CCO of Cheelee)**
● We proudly state that we have 855,420 installs and the number of registered users is equal to 766,022 which is 89.54% from total installs.

● On the product front, we've sold about 10,000 Digital Glasses, and around 8,500 people made those purchases. That brought in a revenue of about 1.35 million USDT.

● Our advertisement mostly comes from Influencers, Bloggers and Celebrities. We are proud to have more than 600 bloggers whose audience is close to 1.5 billion people in general.

● We noticed a tendency that short-video platforms like ours tend to attract more people faster. We took an example of FB and YouTube who needed 8 years to get to 1 billion users while for TikTok it only took 6 years.
## Every startup like that has someone or something behind it. Who are your investors and founders? What kind of long-term goals are you pursuing?
**Victoriia Miracle (CCO of Cheelee)**
● We are a young and promising project in the field of social media aimed at long-term success supported by heavy investments from founders and investors. We are here to innovate!

● An initial investment of $11 million has been made by the founders.

● Cheelee is partnering with VC(Venture Capital) Sila and attracted $10 million in investments.

● The company received investments of $8 million from the venture capital fund Vilegera.

● There were $22.75 million in investments attracted in 2022.

● The total investment amount in 2023 is $32 million.

● A total of six venture funds invested $3.75 in $CHEEL, including Gotbit (the oldest blockchain company with a hedge fund approach SOURCE Official WEBSITE), R930 (Web 3 investment firm), and ITF (founded by Sheikh with investments totaling over $500 million).
##  Tell us more about the tokenomics of Cheelee and the way it works. And what is $CHEEL  role in the Cheelee project and what is its utility? How to earn it in a game?
**Victoriia Miracle (CCO of Cheelee)**
● $CHEEL - Our Governance Token. This isn't just any token - it's packed with main functions that make it special:
1.Buying Advertisements: Want a discount when paying in fiat currencies? $CHEEL's got you covered.
2.Upgrading Digital Glasses: Watch out for this in future updates, it's going to be big! ( i promise)

● Oh, and did I mention? There's only 1 billion $CHEEL tokens in existence.

● Limited Emission for $CHEEL is 1 Billion.

● Why Limited? 
1.Key measure from Inflation 
2.Stimulates the amount of coins grow in proportion to demand to them

● $CHEEL is an only token(COIN) which has REAL Utility the only exception $BTC $ETH, according to TopListCurrencies from COINMARKETCAP.

● What's wrong with other currencies? Other Currencies attract people ONLY from AirDrops or based on BLOCKCHAIN.

● I hope this gives you a clear picture of our token. It's more than just digital coins - they're part of our commitment to innovation and value.
## Main goal of Cheelee is to allow users to monetize their time. It is still hard to believe for some of our viewers that you can actually make money in Cheelee. What are the examples and real cases that you have?
**Victoriia Miracle (CCO of Cheelee)**
● Yes, that the idea of Cheelee app
● Real best documented case was x3.6 from the price of glasses and their lifetime on AVERAGE of 30 days of using them
● After you buy Digital Glasses on the marketplace the game mechanics allow you to use multiple strategies to earn. Very fun and interactive
● Also we have an earning contest in our discord server, u can just dive and check it out, numbers are crazy, these boys are grinding hard.
● Cheelee allows you to use multiple strategies for you to earn. It's not just about making a profit - it's about enjoying the process, exploring different paths, and having a great time.
● Cheelee is an income that bring pleasure.
## What is the Business Model of Cheeelee? What are the company profit sources?
**Victoriia Miracle (CCO of Cheelee)**
We're not following trends; we're pioneering new paths through a unique blend of income sources:

1.Advertisement: Close connections between brands and audiences.
2.Brand Collaborations: Valuable partnerships.
3.In-Game Purchases: Engaging sales of Digital Glasses.
4.Commission from Transactions: Supporting our platform's growth.
5.Other 2Earn projects and social media platforms haven't tapped into this innovative approach. We're reshaping this industry, and we're excited about what's next!
## Cheelee is a project that combines IT and Tech that could be very vulnerable for cyber attacks. What are the security measures? How do you make users feel protected from frauds?
**Victoriia Miracle (CCO of Cheelee)**
● Safety of a user is our top-priority , so we have significant Security Measures that monitored by CyberSecurity team as:

1.ADVANCED Anti-Fraud system from BOT-FARMS( actively fight bot-farms with cutting-edge detection tools.)
2.Frequent Penetration-Test with a use of “White Hackers”
3.Withdraw limits for suspicious users until they approved by CyberSecurity team
4.Two-Factor Authentication (Google Authenticator)

● Rest assured, we're committed to keeping your experience secure and enjoyable.
## I assume a lot of people who are watching us right now will compare Cheelee to StepN. Finally, to dispel the myth, please tell us more about the differences?
 **Victoriia Miracle (CCO of Cheelee)**
● CHEELEE have been compared a lot to StepN but we are totally different Business & Financial model.

● StepN users were mainly from Crypto World.

● We have a great potential of every user who is using social media on the planet it is approximately 4.9 billion people.

● Cheelee does not break behavior pattern of a user, you do what you used to do everyday SCROLLING THE FEED.

● StepN BREAKS behavioral pattern of a user, It makes you walk everyday MORE than you do on AVERAGE. And what if you do not want to walk at all today? Scrolling is so much easier and pleasant it does not consume as much energy.

● Stable Financial model is based on Advertisement, In-game purchases, % from in-game transactions.

● MAIN ADVANTAGE is that we are Long-Term Project because as soon as Cheelee will get to the certain amount of users that we are aiming for, CHEELEE will be no longer needed NEW USERS.

<div class="blog-details-info">
<div>Author:** GateLive**, Gate.io Team
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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Introduction of Cheelee

Cheelee users data

Long-term goals

Explanation of CHEEL

Cheelee watch to earn cases

Business model

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