Love Earn Enjoy (LEE) serves as the utility token for Cheelee, a GameFi short video platform. Users accumulate these tokens by viewing content within the Cheelee application, and LEE is used for all internal transactions on the platform. The total supply is capped at 7,000,000,000 tokens.
The rate at which LEE is awarded adjusts algorithmically based on the volume of tokens already mined; as more are mined, acquiring new ones becomes harder. Mining difficulty increases continuously by 7% each month and 84% annually. This mechanism aims to drive up token prices, thereby encouraging users to adopt a hodl strategy.
Because LEE powers all app accruals, its demand rises alongside the growth of the Cheelee platform. Participants can utilize LEE for the following purposes:
- Upgrade NFT glasses
- Charge NFT glasses
- Mint NFT glasses
- Promote content on the platform
- Make donations