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About Cheelee

Cheelee (CHEEL) is a GameFi short video platform that was launched in February 2023 by NUTSon. It operates on an Attention Economy approach, allowing users to receive compensation while engaging with the platform. Cheelee aims to break down barriers to cryptocurrency mass adoption by providing a user-friendly platform that is accessible to a global audience of 4.6 billion social media users. The platform is available for download from the App Store and Google Play. Upon registration, users are given Starting NFT-glasses, which can be used to increase rewards through a set of gaming tools. Cheelee's primary mission is to provide users with the opportunity to receive compensation for their time spent on social networks. The platform utilizes blockchain technology and introduces the CHEEL and LEE tokens, which have various utilities on the platform.

Cheelee operates by rewarding users for their attention and engagement on the platform. Users watch videos and receive rewards in the form of CHEEL and LEE tokens. The CHEEL token is a governance token used for leveling up NFT glasses levels and voting on new features in the application. The LEE token is a utility token used for all payments within the app, including upgrading, charging, and minting NFT glasses, as well as for donations and promoting content on the platform. The rate at which LEE accrues for watching content is algorithmically determined by the quantity of tokens mined. Cheelee also implements mechanisms such as BuyBack, Make supply, and Token burning to manage demand, ensure supply, and adjust prices.

Cheelee offers a unique use case in the realm of social media and GameFi. It allows users to receive compensation while watching videos, thereby providing value for their time and attention. Users can also increase their rewards by acquiring rarer NFTs and using a set of gaming tools. The CHEEL and LEE tokens can be used within the platform for various purposes, including upgrading NFT glasses, voting on new features, promoting content, and making donations. Cheelee also allows users to acquire NFTs with fiat currency, making it a potential gateway for mass adoption of cryptocurrencies.

Cheelee was launched in February 2023 by NUTSon, a company led by Ruslan Sharov, Roman Alekseev, and Yuriy Kardonov. Ruslan Sharov, the Founder and CEO, brings a wealth of experience in technology and blockchain, while Roman Alekseev, Co-Founder of NUTSon and Cheelee, is a venture capitalist with a substantial investment portfolio. Yuriy Kardonov, CPO and Co-Founder, is a seasoned professional with a passion for creating exceptional user experiences. The platform was developed with the mission of providing everyone with the opportunity to receive compensation for their time spent on social networks. As of June 2023, there are 262,591,215 CHEEL tokens in active circulation.

Market

Market stats

Market cap

$888.6M

Volume (24h)

$5.7M

Circulating supply

53.8M CHEEL

All time high

$20.05

Market performance

Price change (1h)

+0.37%

Price change (1d)

+4.1%

Price change (1w)

+7.9%

Price change (2w)

+1.4%

Price change (1m)

-7.06%

Price change (1y)

+79.5%

News about Cheelee

The Block • May 09, 24

Arcium raises $5.5 million in strategic round to develop ‘confidential computing’ network

On-chain confidential computing project Arcium completed a $5.5 million strategic funding round led by Greenfield Capital.

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The Block • May 09, 24

Ripple and XRPL Labs join digital asset recovery protocol DeRec Alliance

DeRec Alliance aims to standardize and expedite how digital assets can be recovered in the web3 industry, especially for crypto non-experts.

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Unchained • May 09, 24

Digital Asset Lender Ledn Processed Record $690 Million in Loans in Q1 2024

Ledn, a financial services firm focused on crypto-backed loans, announced Thursday it had facilitated over $690 million loans to its retail and institutional clients in the first quarter of 2024. According to a statement shared with Unchained, the number of loans Ledn facilitated in Q1 2024 was t...

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The Block • May 09, 24

Ledn sees growth in centralized lending, processes $690 million in crypto loans in Q1

Ledn's crypto loan growth was spurred on by demand from former Celsuis clients and the launch of U.S. spot bitcoin ETFs, the firm said.

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CoinDesk • May 09, 24

Ledn First-Quarter Loans Top Record $690M as Lending Market Snaps Back

Crypto lender Ledn processed more than $690 million in loans during the first quarter, its most successful quarter since the firm's inception in 2018.

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Bitcoin Magazine • May 09, 24

EU Regulator Considers Approving Bitcoin for UCITS Products

The EU securities regulator is reviewing whether to allow Bitcoin assets into its €12 trillion mutual fund market, potentially opening the door to major mainstream adoption.

Read more

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Cheelee is on the rise this week.

The price of Cheelee has increased by 0.37% in the last hour and increased by 4.10% in the past 24 hours. Cheelee’s price has also risen by 7.90% in the past week. The current price is $16.50 per CHEEL with a 24-hour trading volume of $5.71M. Currently, Cheelee is valued at 17.69% below its all time high of $20.05. This all-time high was the highest price paid for Cheelee since its launch.

The current circulating supply of Cheelee is 53,837,995.709 CHEEL which means that Cheelee has as total market cap of 53,837,995.709.

FAQ

What is the current price of Cheelee?

We update our Cheelee to USD currency in real-time. Get the live price of Cheelee on Coinbase.

What is the market cap of Cheelee?

The current market cap of Cheelee is $888.62M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Cheelee?

The all-time high of Cheelee is $20.05. This all-time high is highest price paid for Cheelee since it was launched.

What is the 24 hour trading volume of Cheelee?

Over the last 24 hours, the trading volume of Cheelee is $5.71M.

What other assets are similar to Cheelee?

Assets that have a similar market cap to Cheelee include Chiliz, Blur, Tezos, and many others. To see a full list, see our comparable market cap assets.

How many Cheelee are there?

The current circulating supply of Cheelee is 54 million.

Can I buy Cheelee on Coinbase?

Yes, Cheelee is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Cheelee guide.