CHEEL

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Cheelee

Use Cases of Cheelee

Cheelee is a short video platform with GameFi mechanics that rewards users for their attention. Here are some of the key use cases:

• Earning Tokens: Users can earn tokens by viewing content in the app. The tokens can be used to increase earnings within the app or withdrawn and sold.
• Governance: The CHEEL token is used for governance, allowing users to vote on the implementation of new app features.
• In-App Purchases: CHEEL tokens can be used for in-app purchases, such as buying digital items or accessing premium features.
• NFT Purchases: CHEEL tokens can be used to purchase NFTs, such as Digital Glasses, which are essential for earning rewards on the platform.
• Marketplace: CHEEL tokens are used in the marketplace for buying and selling digital items, including NFTs.
• Advertising: CHEEL tokens can be used to purchase advertising space on the platform.
• Staking Rewards: Users can earn staking rewards by participating in the staking process, which helps to secure the network.
• Donations: Users can donate CHEEL tokens to content creators as a form of appreciation for their content.

Key Features

• Digital Glasses: Virtual glasses featured in the Cheelee app, distinct in design and rarity, which enable users to view the app’s feed and have the potential to earn coins through viewing.
• LEE Token: The primary internal coin of the Cheelee app with a set issuance cap. As users view the feed, they automatically receive LEE in their app wallet.
• GameFi Mechanics: Cheelee incorporates GameFi mechanics, allowing users to earn money by viewing and creating content, regardless of the number of subscribers.

Ecosystem

• Decentralized Wallet: Users create a decentralized wallet upon signing up, which only they can access.
• Marketplace: The marketplace is integrated within the Cheelee app, where users can buy and sell Digital Glasses and other digital items.
• Token Burning: A portion of the repurchased CHEEL and LEE tokens are periodically burned to decrease the circulating supply and help regulate prices.

Pros of Cheelee

• Swift Payment System: Cheelee offers a quick payment system, ensuring that users receive their rewards promptly.
• Personalized Feed: The platform provides a personalized feed based on user preferences, making the viewing experience more enjoyable.
• Low Payment Threshold: The low payment threshold makes it easier for users to withdraw their earnings.
• Wide Variety of Glasses: Users can choose from a variety of NFT glasses based on their budget, which can enhance their earning potential.
• Refund Policy: Cheelee promises to refund double the amount spent on purchasing glasses if they are not profitable to the user after 21 days.
• Multiple Revenue Streams: The platform offers various ways to earn, including watching videos, upgrading NFTs, and participating in the marketplace.

Cons of Cheelee

• Poor Earning Rate: The earning rate is low, especially for users who purchase low-end glasses, making it difficult to cover the initial expense.
• Unstable Token Value: The value of the LEE token can fluctuate, affecting the overall earnings.
• Withdrawal Charges: Users face withdrawal charges, which can reduce their earnings.
• Limited Earning Opportunities: Earnings are not guaranteed, and users may not earn from every video they watch.
• Durability of Glasses: The NFT glasses have durability and need to be replaced once they are exhausted, which can be costly.
• Complex Payout Method: The payout method can be confusing, especially for users who are new to cryptocurrency.

Founders of Cheelee

• Ruslan Sharov: CEO and Founder of Cheelee. He is an entrepreneur with 20 years of experience and is also the co-founder of the KSK group consulting company, Mazalt Group holding, and Gift To An Angel charity fund.
• Roman Alekseev: Co-Founder of Cheelee. He is a serial entrepreneur with over 20 years of international experience and a venture capitalist with a portfolio of over $500 million, having invested in 44 crypto projects. He is also known for his philanthropic efforts and serves as a mentor and visionary.
• Iurii Kardonov: CPO and Co-Founder of Cheelee. He is the CEO and Founder of CommON, a VR and neurotechnology start-up, and has organized Russian and global IT hackathons.

Investors in Cheelee

Cheelee has secured funding from several investors, including:

• VC SILA: Provided $10 million in funding through a SAFT (Simple Agreement for Future Tokens) on June 14, 2023.
• Veligera Capital: Contributed to the funding round on November 4, 2022, with an amount of $9.3 million.
• Infinity Technology Fund: Participated in the funding round on November 4, 2022, alongside Veligera Capital.

No, there is no clear indication that Cheelee is halal. The available information does not include a Shariah compliance assessment or a review by Islamic finance experts, which is necessary to determine if a cryptocurrency is halal.

Key Considerations:

• Shariah Compliance: A cryptocurrency must adhere to Islamic finance principles to be considered halal.
• Expert Review: Islamic finance experts or Muftis typically review cryptocurrencies to ensure they meet Shariah guidelines.
• Available Information: The provided sources do not include a Shariah compliance assessment for Cheelee.

Additional Information:

• Halal Cryptocurrency Lists: Websites like Crypto Ummah provide lists of halal cryptocurrencies after screening them against Shariah guidelines.
• Islamic Finance Principles: Practical Islamic Finance offers reports on various cryptocurrencies, rating them based on their compliance with Islamic finance principles.

Conclusion:

Without a clear assessment or review by Islamic finance experts, it cannot be confirmed that Cheelee is halal.