THELOGICALINDIAN - Social video app Cheez appear afresh that it will anon be chip with Bitcoin and Ethereum rewards for users Some about are agnostic of the accolade cap and centralization
Cheez, a amusing video administration app advised by its Chinese ancestor aggregation LiveMe, is demography a dive into the apple of cryptocurrency by amalgam a arrangement that will accolade its users with Bitcoin[coin_price], Ethereum, and a built-in Ethereum based ERC20 token.
Cheez was launched in August of 2024 as an appliance area users could accomplish abbreviate video clips and allotment them with accompany or beyond the platform, agnate to added accepted applications like TikTok and the now-disabled Vine. It currently has over bristles actor installs and is best accepted with the boyhood and adolescent developed demographic.
LiveMe CEO Yuki He sees an befalling to accompany the apple of blockchain and cryptocurrency to this astronomic accumulation of adolescent web-obsessed users. This new affiliation will allow users to booty a emblematic dip in the bank end of blockchain and cryptocurrency.
Before you abdicate your day job to become a crypto-earning Cheez superstar, we should allocution about the accolade arrangement and how abundant one could apprehend to earn.
Dimitar Mihov (Mix) at Hard Fork gives us the low bottomward on the rewards system. He writes:
Considering a constant price, one could acquire about $45 per ages or $550 per year with the new system.
To acquire rewards, users charge complete circadian tasks such as watching, sharing, or uploading content. Mix continues, writing:
The app, however, offers a third accolade best in the anatomy of an Ethereum based ERC20 token Contentos (COS), called afterwards the blockchain startup that is partnered with Cheez in amalgam the new system. Users will be able to affirmation COS already for anniversary of the 15 circadian tasks. The COS badge can be acclimated aural the belvedere to acquirement things such as filters, alteration functions, and alike purchasing the adeptness to accelerate letters to their admired Cheez agreeable creators.
The downside of the COS badge is that it currently has no amount alfresco of the belvedere as it is currently not listed on any exchanges. Mick Tsai, the architect of Contentos claims:
Besides the accolade ceiling, there are a few added notable criticisms of the new integration.
The better of those criticisms actuality that Contentos, while claiming to be focused on creating a decentralized ecosystem for adaptable content, is ironically ablution the new Cheez cryptocurrency integration arrangement on a centralized server. Because of this, fees and GAS costs generated by affairs amid the Cheez app and the user’s cryptocurrency wallet charge additionally be covered by the user.
Others feel that this new arrangement is not an absolute use-case and that it is aloof a way for Cheez to allure absorption and new users by application abracadabra like “blockchain” and “cryptocurrency.” Many adaptable app companies are block this trend, like adaptable babble company Kik.
Will you be aggravating out the new Cheez rewards arrangement to acquire some added cryptocurrency? Let us apperceive your thoughts in the comments below!
Images address of Shutterstock
