A new version of the popular short video app introduces social media users to blockchain and cryptocurrency through daily activities and games
LOS ANGELES ago. 8, 2018 / PRNewswire / – Cheez, a popular short video app from the mobile app developer Live.me Inc., today announced new features that allow users to earn Bitcoin (BTC) and Ethereum (ETH) , the two biggest cryptocurrencies: to create, view and share user-generated content. The latest version of the Cheez app rewards users with BTC and ETH for completing a range of everyday tasks such as sharing or uploading a video. Users can also win Crypto by playing an in-app fortune game called Wheel of Fortune .
While blockchain and cryptocurrency are poised to reshape the future global economy and the way people engage and negotiate with each other, the industry still has to see the successful adoption among the masses. Part of the challenge lies in the fact that there are very few opportunities for the average consumer to participate in the encrypted economy and even less to the real-world applications of blockchain technology.
Developed in collaboration with Contentos, a public blockchain project that aims to decentralize the mobile content ecosystem and empower independent creators, the new token based incentive program for users aims to stimulate awareness and participation in the crypto economy.
"This new integration with Contentos allows us to reward our users for their daily contributions to the Cheez community, also introducing a new audience to crypto and blockchain," said Yuki He founder and CEO of LiveMe. "We believe that blockchain has the potential to revolutionize the digital content industry, so we are thrilled to pave the way and start thrilling the cryptocurrency and underlying technology."
Cheez users can earn crypto simply by doing what they already do every day, without going into the stock market or creating a third-party wallet. Users can complete 15 different activities on a daily basis, ranging from consumption-based actions such as viewing, sharing and liking videos to creators-centered activities such as uploading new content.
In addition to earning BTC and ETH for completing blocks of daily activities, users can also receive COS tokens, the base assets and the Contentos utility token, to complete individual tasks. For example, users are rewarded with 2 COS tokens to comment on a video and 3 COS tokens to upload new content. Users can also play the game Wheel of Fortune every day for the chance to win additional BTC, ETH and COS tokens.
COS tokens unlock special privileges within the app, including special badges, the ability to publish longer videos and premium exposure to attract more viewers. Fans can also use COS tokens to direct messages to their favorite creators, a feature that gives fans a way to encourage creators for one-on-one involvement and gives creators a new revenue stream.
"We are delighted to partner with Cheez to bring BTC and ETH to the platform and create a content ecosystem where creators and fans can be compensated for their role in cultivating a growing community," said the founder of Contentos Mick Tsai . "Our goal is to help creators and fans build stronger connections on a global scale by leveraging blockchain technology, and with Cheez we're bridging the gap for the average person by providing real-world examples of how decentralized platforms can benefit users."  About Cheez
Cheez is a & # 39; social video app to create, share and discover short videos up to 17 seconds long. Available for iOS and Android, Cheez offers endless creative possibilities with a wide selection of live filters, voice-change, stickers and music, while its intuitive editing tools allow users to cut, cut, merge and adjust the playback speed with ease. Cheez also takes care of discovering and viewing a variety of videos ranging from entertaining to sentimental and everything in between.
For more information, visit www.cheez.com.
About Live.me Inc.
Live.me Inc. is the developer of mobile apps behind the popular LiveMe live broadcast platform and is focused on developing content-based applications for the first generation of mobile devices. Its flagship app, LiveMe, has accumulated over 60 million users and distributed tens of millions of dollars to broadcasters through direct virtual donations. The Live.me Inc. portfolio also includes Cheez, a short social video app that highlights the power of creativity in 17 seconds and Fluxr, a live streaming application for mobile games and esports.
SOURCE Live.me Inc.